WWW - Posts tagged Deepwater drilling moratorium at BloggingStocks

deepwater drilling moratorium posts

Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

Posted Jan 24th 2011 9:30AM by Connie Madon (RSS feed)
Filed under: Earnings Reports, Schlumberger Limited (SLB), Oil

On Friday, oil field giant Schlumberger (SLB) posted a 31% profit for the fourth quarter, as reported in the Wall Street Journal (subscription required). Earnings rose to $1.04 billion, or 76 cents per share, from $795 million, or 65 cents per share, a year ago.The acquisition of Smith International contributed revenue of $2.49 billion and earnings of $275 million in the quarter.

CEO Andrew Gould said that an increase in global demand should drive growth in deepwater drilling around the world and revive onshore activity.

Continue reading Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

Options Update: JA Solar Lolatility Low as Shares Trend Higher into Solar Power Convention

Posted Oct 13th 2010 9:00AM by Paul Foster (RSS feed)
Filed under: Options, Oil

JA Solar (JASO) is participating at Solar Power International, the largest B2B solar event in North America, which began Tuesday. JASO overall option implied volatility of 63 is below its 26-week average of 68 according to Track Data, suggesting decreasing price movement.

Noble Corp. (NE) rallied 3% today as stock prices for deepwater offshore drillers are rallying from the announcement from President Obama's Administration that the drilling moratorium is being lifted. Overall option implied volatility of 39 is near its 26-week average, according to Track Data, suggesting non-directional price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Uncertainty Overshadows Chevron's Strong Q2 Report

Posted Aug 1st 2010 10:40AM by Connie Madon (RSS feed)
Filed under: Earnings Reports, Chevron Corp (CVX), Oil

Though Chevron (CVX) beat estimates by reporting Friday that its quarterly net income tripled over a year earlier, shares were barely up by the end of the day.

Earnings for the second quarter came to $5.41 billion, or $2.70 per share, up from $1.75 billion or 87 cents last year. Analysts had expected a profit of $2.44 per share. Revenue in the quarter rose 32% to $53 billion.

Continue reading Uncertainty Overshadows Chevron's Strong Q2 Report