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Why Barclays Thinks GE's Deal With Baker Hughes Makes A Ton Of Strategic Sense
Tuesday, November 1, 2016 - 10:53am | 325Read More...Shares of Baker Hughes Incorporated(NYSE: BHI) slid 6 percent on Monday, versus a 2 percent decline in the OSX, on concerns surrounding the economics of the deal with General Electric Company (NYSE: GE). Although the financials of the deal are disappointing, the merger makes “a ton of sense...
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A Tale Of 2 European Oil Companies
Tuesday, November 1, 2016 - 10:36am | 534Read More...After U.S. oil giants Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) chimed in contrasting third-quarter results, with the former reporting year-over-year declines in earnings while the latter swung to a net profit, it was déjà vu in Europe. BP plc (ADR) (NYSE: BP) and...
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What Exactly Are Baker Hughes Shareholders Getting From GE?
Monday, October 31, 2016 - 12:46pm | 459Read More...Baker Hughes Incorporated (NYSE: BHI) shares were surging higher early Monday following an official announcement of a deal with General Electric Company (NYSE: GE). While the merger/spinoff deal is certainly good news for Baker Hughes shareholders, the terms of the deal are far from the typical...
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General Electric Has Made A Lot Of Acquisitions Over The Last Decade
Monday, October 31, 2016 - 9:52am | 316Read More...General Electric Company (NYSE: GE) hasn't been afraid to use its massive size and scope to pursue multi-billion acquisitions, even though the strategy has been criticized by a major investor. The company's latest large-scale M&A consists of buying the oil services giant Baker Hughes...
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3 Reasons You Should Buy Chevron
Monday, October 31, 2016 - 8:29am | 354Read More...There is potential for several positive catalysts over the next 12 months that could unlock value at Chevron Corporation (NYSE: CVX), Goldman Sachs’ Neil Mehta said in a recent report. He upgraded the rating on the company from Neutral to Buy and added the stock to the Conviction List. The 12...
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Exxon Mobil No Longer Favorable At Goldman Sachs
Monday, October 31, 2016 - 7:54am | 452Read More...Exxon Mobil Corporation (NYSE: XOM) shares have outperformed the sector since July 2015, driven by the successful execution of large projects, the company’s defensive characteristics since the decline in oil prices and dividend growth. Goldman Sachs’ Neil Mehta downgraded the rating on...
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General Electric, Baker Hughes To Create World-Leading Oilfield Tech Provider
Monday, October 31, 2016 - 7:08am | 635Read More...The Wall Street Journal reported last week that General Electric Company (NYSE: GE) was in talks to merge its oil business with Baker Hughes Incorporated (NYSE: BHI). The report resulted in shares of Baker Hughes gaining more than 8 percent on Friday and hitting a new 52-week high of $59.39, even...
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General Electric Confirms Company Just Wants To Partner With Baker Hughes
Friday, October 28, 2016 - 9:27am | 348Read More...Shares of Baker Hughes Incorporated (NYSE: BHI) spiked higher by more than 8 percent early Friday after the Wall Street Journal reported that the company is either targeted for an acquisition or primed to secure a notable partnership. Acquisition Talks The Wall Street Journal, citing "people...
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Synergy Resources Volumes Are 'Poised To Ramp' Into Positive Macro Environment
Tuesday, October 25, 2016 - 9:10am | 349Read More...Analysts at Wells Fargo have initiated coverage of Synergy Resources Corp (NYSE: SYRG) with an Outperform rating and a valuation range of $13–$16 as they see upside potential over the next six to 12 months, “with strong economics substantially driving value across inventory locations...
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How Weak Sentiment On Gulfport Energy Led One Firm To Upgrade It To Buy
Monday, October 24, 2016 - 9:43am | 378Read More...Goldman Sachs’ John Nelson believes that Gulfport Energy Corporation (NASDAQ: GPOR) shares are pricing in “an extended operational disruption despite inflecting operational momentum.” Nelson upgraded the company to Buy, with a price target of $35. Weak Sentiment The analyst...
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2 IPOs Hit Wall Street Wednesday: Extraction Oil & Gas, Azure Power
Wednesday, October 12, 2016 - 10:33am | 296Read More...It is a contrasting performance of the two companies that made debut on the two stock exchanges on Wednesday. While Azure Power Global Ltd (NYSE: AZRE) traded down below the IPO price, Extraction Oil & Gas, LLC (NASDAQ: XOG) traded well above the IPO price. Azure Power is a solar power seller...
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Most Of The Street Is Bullish On Noble Midstream Partners
Monday, October 10, 2016 - 2:45pm | 445Read More...Noble Midstream Partners LP (NYSE: NBLX), which recently went public and is the subsidiary of Noble Energy, Inc. (NYSE: NBL), has become the darling of the analysts' community, with most of them upbeat on the prospects of the company. Since listing at $26.50 on September 15, 2016, a premium to the...
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Marathon Petroleum Offers 3 Reasons To Buy Now
Monday, October 10, 2016 - 1:52pm | 371Read More...Goldman Sachs remains bullish on Marathon Petroleum Corp (NYSE: MPC) on asset quality, midstream growth and cash generation from its Speedway retail unit. "In our view, MPC offers premium quality refining assets on the Gulf Coast and the Mid-Con, with high levels of complexity and crude optionality...
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Morgan Stanley On Anadarko: Market Is Rewarding Unconventional Acquisitions
Tuesday, September 13, 2016 - 7:55am | 339Read More...Anadarko Petroleum Corporation (NYSE: APC) has bought assets in the Gulf of Mexico (GoM) for $2 billion in cash and decommissioning obligation. Morgan Stanley’s Evan Calio views this transaction as “highly accretive.” Calio maintains an Overweight rating on the company, while...
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Morgan Stanley Upgrades Helmerich & Payne To Equal Weight
Tuesday, September 6, 2016 - 8:15am | 345Read More...Morgan Stanley has upgraded Helmerich & Payne, Inc. (NYSE: HP) to Equal Weight, as it sees the company as a defensive play within the sector, particularly relative to challenged offshore names. "Data points from our conference suggest relative tightness in pockets of the high-spec rig market...
