Tue, Aug. 4, 7:34 AM
Tue, Jun. 23, 6:07 PM
- NiSource spinoff Columbia Pipeline Group (CPGX) is taking Allegeheny Technologies' (NYSE:ATI) spot in the S&P 500. Allegheny will join the S&P MidCap 400.
- Also joining the S&P 400: Casey's General Stores (NASDAQ:CASY), Graham Holdings spinoff Cable One, DuPont spinoff Chemours, and the post-spinoff Energizer (NYSE:ENR).
- Getting dropped to the S&P SmallCap 600 from the 400: Unit Corp. (NYSE:UNT), Harsco (NYSE:HSC), and Semtech (NASDAQ:SMTC).
- Also joining the S&P 600: Nektar (NASDAQ:NKTR), Masco spinoff TopBuild, and the new/post-spinoff Gannett (NYSE:GCI). Gannett's broadcast/digital spinoff Tegna (Pending:TGNA) will have old Gannett's spot in the S&P 500.
- Getting dropped from the S&P 600, and not moving up: Aeropostale (NYSE:ARO), Paragon Offshore (NYSE:PGN), PetroQuest (NYSE:PQ), Quiksilver (NYSE:ZQK), and FXCM.
- Leaving the S&P 400, and not moving elsewhere: Peabody (NYSE:BTU) and AOL (acquired by Verizon).
- ATI -1% AH. UNT -0.7%. ARO -1.1%. PQ -1.9%. BTU -1.1%. NKTR +5.2%.
- Press Release (.pdf)
Thu, May 7, 7:41 AM
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Aug. 20, 2013, 2:21 PM
- Canaccord Genuity picks up coverage on 10 energy companies set to benefit from the U.S. fracking boom, led by Apache (APA +1.5%), which it calls a Buy with a $106 price target based on strong drilling and a restructuring that can unlock value; shares have shed nearly 10% since Aug. 9 due to its Egypt exposure.
- The firm rates Anadarko (APC +1.2%) a Buy, seeing success in high-risk, high-impact offshore exploration growing NAV and future production as well as providing the optionality to sell down stakes in big discoveries; APC can reinvest proceeds in its more predictable onshore U.S. operations.
- Also rated Buy: COG, DVN, PXD, RRC, SWN.
- Initiated at Hold: QEP, UNT, UPL.
Aug. 6, 2013, 9:51 AM
Aug. 5, 2013, 12:59 PM
- U.S. oil explorers focused most of their capital on high-margin shale drilling - such as EOG Resources (EOG), Continental Resources (CLR) and Pioneer Natural (PXD) - are poised to reap bigger returns for investors than global energy giants, according to a Bloomberg analysis.
- U.S. benchmark WTI has climbed 16% YTD while Brent, the basis for two-thirds of international prices, fell 1.9%, undermining major international producers such as Exxon (XOM) and Shell (RDS.A).
- EOG, which is scheduled to report Q2 results on Aug. 6, is estimated to more than triple profit in 2013 to $1.92B; CLR follows the next day.
May 7, 2013, 8:06 PM
Feb. 19, 2013, 9:26 AM
Feb. 7, 2013, 3:23 PMBarclays analysts downplay the impact of the safety notice on offshore drillers ordering inspection of subsea equipment on some Gulf of Mexico drilling rigs for faulty bolts. "While this event poses additional downtime risk for these drillers, we believe the downtime would be limited and can be often mitigated through the course of normal operations," the firm says. | 7 Comments
Feb. 6, 2013, 3:17 PMShares of oil and gas drillers slide to session lows following a Bloomberg report that drilling regulators had directed offshore operators to halt work on some oil and gas wells in the Gulf of Mexico after discovering faulty bolts on equipment used to prevent blowouts. Replacing all bolts on blowout preventers could cost millions, Rowan (RDC) CEO Matt Ralls says. | 12 Comments
UNT vs. ETF Alternatives
Unit Corp engages in land contract drilling of natural gas & oil wells, exploration, development, acquisition and production of oil and natural gas properties. Its activities also include buying, selling, gathering, & processing of natural gas in U.S.
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