Market Currents

• Thursday, October 22, 2009

• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Wednesday, July 22, 2009

• 00:05 AM Notable earnings before Wednesday's open: AAI, APD, ATI, BA, BK, DAL, ENTG, GENZ, GNTX, HST, ITW, KEY, LLY, MO, MS, NITE, NTRS, PDS, PEP, PFE, SEIC, STI, STJ, SU, TCB, USB, USG, WFC, WHR Comment!

• Wednesday, April 22, 2009

• 07:20 AM Precision Drilling (PDS): Q1 EPS of $0.30 misses by $0.06. Revenue of $448M (+30.9%) vs. $458M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, APD, ATI, BA, CAL, CFR, DOV, ECA, ELN, FCX, GENZ, GNTX, IR, KMB, MCD, MO, MS, NITE, NOC, PBG, PDS, R, SNV, STJ, SY, T, TIN, WFC, WLP Comment!

• Monday, December 22, 2008

• 10:01 AM Grey Wolf (GW) is down 42% after the deadline passes for shareholders to exchange their shares for cash. As of today, each share of Grey Wolf can only be redeemed for 0.4225 shares of Precision Drilling (PDS) stock, pending a vote tomorrow. This one is a head scratcher. Comment!
• 09:00 AM Premarket gainers: IRE +31%. HUN +10%. SLW +6%. PDS +6%. SQNM +4.5%. ALU +4%. AUY +4%. Comment!

• Thursday, October 23, 2008

• 00:05 AM Notable earnings before Thursday's open: AAI, ALK, ALXN, AMTD, AUO, AVT, BC, BEN, BG, BMY, CBE, CCE, CELG, CNX, DO, DOW, ECA, ECL, ELN, EME, EPD, EQT, ESI, ESV, F, FLIR, GR, HOT, JBLU, JCI, JNS, LCC, LH, LLL, LLY, LTM, LVLT, MO, NIHD, NOV, NYT, ORI, PCZ, PDS, PLD, POT, RGC, RHD, RSH, RTN, RX, SO, STI, TMO, TRA, UNP, UPS, XEL, XRX, ZMH Comment!

• Monday, August 25, 2008

• 08:15 AM Precision Drilling Trust (PDS) will buy U.S. drilling company Grey Wolf (GW) for about $2B in cash and stock. Comment!

• Thursday, June 12, 2008

• 09:12 AM Grey Wolf (GW) says recent $1.6B offer by Precision Drilling (PDS) is not superior to its pending merger with Basic Energy Services (BAS). The bid sent GW up 10.4% and PDS down 3.9%. Comment!

• Tuesday, June 10, 2008

• 15:15 PM Precision Drilling (PDS -3.9%) confirms $1.6B, $9/share offer for Grey Wolf (GW +10.4%) -- which will give the Canadian driller a "significant U.S. footprint." Comment!