BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Helmerich & Payne to Be Added to S&P 500]]>http://www.bloggingstocks.com/2010/02/23/helmerich-and-payne-to-be-added-to-sandp-500/http://www.bloggingstocks.com/2010/02/23/helmerich-and-payne-to-be-added-to-sandp-500/http://www.bloggingstocks.com/2010/02/23/helmerich-and-payne-to-be-added-to-sandp-500/#commentsFiled under: , , ,

HP logoHelmerich & Payne (HP - option chain) shares are rising today after Standard & Poor's announced this morning that HP will be added to its S&P 500 index after the close of trading on February 26. HP will replace IMS Health Inc. (RX), which is being acquired by private interests. Companies added to the major indices often see a bump higher as tracking funds are forced to add shares to their holdings. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on HP.

HP opened this morning at $42.73. So far today the stock has hit a low of $41.52 and a high of $42.78. As of 12:00, HP is trading at $41.98 up 24 cents (0.6%). The chart for HP looks bearish.

Continue reading Helmerich & Payne to Be Added to S&P 500

Helmerich & Payne to Be Added to S&P 500 originally appeared on BloggingStocks on Tue, 23 Feb 2010 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Helmerich and PayneHelmerichAndPayneHPinthenewsinvestors observerInvestorsObserveroptionsSP 500Sp500Standard and PoorsStandardAndPoorsTue, 23 Feb 2010 13:20:00 EST<![CDATA[Investing in Oklahoma: Arena Resources (ARD), Chesapeake Energy (CHK), ONEOK (OKE) and others]]>http://www.bloggingstocks.com/2007/09/14/investing-in-oklahoma-arena-resources-ard-chesapeake-energy/http://www.bloggingstocks.com/2007/09/14/investing-in-oklahoma-arena-resources-ard-chesapeake-energy/http://www.bloggingstocks.com/2007/09/14/investing-in-oklahoma-arena-resources-ard-chesapeake-energy/#commentsFiled under: , , ,

Oklahoma celebrates its centennial in November -- Happy Birthday, Oklahoma!

Today, Oklahoma is known as one of the most business-friendly states, due in part to low tax rates. Oklahoma's economy is based largely on the energy, aviation, and food processing sectors. From 2000 to 2006, Oklahoma's gross domestic product increased 50 percent. The GDP per capita grew almost 10 percent between 2005 and 2006, one of the highest rates in the nation.

Fortune magazine's 2007 list of the fastest growing companies in the U.S. included six from Oklahoma. At number three on the list was Tulsa-based Arena Resources Inc. (NYSE: ARD), a seven-year old oil and gas firm with a three-year annual growth rate of 165 percent. Back in August, Arena announced strong second quarter 2007 financial and operating results. Arena is also a major holding in the Bruce Fund, which recently made the 2007 Forbes Honor Roll.

Tulsa-based oil and gas driller Helmerich & Payne Inc. (NYSE: HP) had a three-year annual growth rate of 37 percent, which beat the S&P 500. In August, H&P announced strong second quarter 2007 results, as well as two new contracts. The Motley Fool sees expansion in other sectors as good news for drillers such as H&P.

Continue reading Investing in Oklahoma: Arena Resources (ARD), Chesapeake Energy (CHK), ONEOK (OKE) and others

Investing in Oklahoma: Arena Resources (ARD), Chesapeake Energy (CHK), ONEOK (OKE) and others originally appeared on BloggingStocks on Fri, 14 Sep 2007 18:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ARDArena ResourcesBruce FundChesapeake EnergyCHKDevon Energyenergy sectorHelmerich and PayneHPLenny Dykstranatural gasnatural gas pricesOKEOklahomaOklahoma CityONEOKTulsaUnit Corp.UNTWilliams CompaniesWilliams PipelineFri, 14 Sep 2007 18:15:00 EST