- Shares of Cameron International Corporation (NYSE: CAM) have soared almost 31 percent year-to-date.
- Citi’s Scott Gruber has upgraded the rating on Cameron International from Neutral to Buy, while raising the price target from $55 to $76.
- Following the 80 percent equity deal, the company’s shares are linked to Schlumberger Limited (NYSE: SLB). Therefore, the rating on Cameron has been upgraded in sync with the upgrade on Schlumberger.
Gruber believes that there is a 95 percent probability of the acquisition of Cameron International by Schlumberger being completed successfully.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
However, the estimates have been reduced for Cameron International, to reflect expectations of a slower recovery. The U.S. rig count estimated has been lowered by 25 percent for 2016 and by 18 percent for 2017.
The international spending estimate for 2016 has also been reduced by 10 percent.