Stock Analysts

U.S. Oil Rig Count Plunges by 94; Biggest Drop on Record

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a massive fall in the U.S. rig count (number of rigs searching for oil and gas in the country This can be attributed to steep cutbacks in the tally of oil-directed rigs, which saw the largest single week drop since 1987. […]

Mergers & Acquisitions

Peder Sortland Appointed CEO of Global Maritime Group

Peder Sortland Appointed CEO of Global Maritime Group PR Newswire STAVANGER, Norway, February 2, 2015 STAVANGER, Norway , February 2, 2015 /PRNewswire/ — Global Maritime Group has appointed Peder Sortland as its first CEO. This appointment means that the group, created by merging four companies belonging to HitecVision, has put another important piece in place for realising its substantial growth ambitions over coming years. […]

Technicals

ExxonMobil (XOM) Beats on Q4 Earnings, Misses Revenue – Tale of the Tape

Irving, TX-based ExxonMobil Corporation ( XOM ) is the world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. The company divides its operations into three segments: Upstream, Downstream and Chemicals. Currently, ExxonMobil has a Zacks Rank #5 (Strong Sell) but that could change following its fourth quarter 2014 earnings report which has just released […]