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LyondellBasell: Positive Surprises In 2018

2018-01-16 seekingalpha
LyondellBasell has performed strongly since the summer; while investors may think twice about chasing it, it still offers potential. (1-0)

New Strong Buy Stocks for November 28th

2017-11-28 zacks
Braskem SA (BAK - Free Report) : This company that produces thermoplastic resins has seen the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days. (3-0)

New Strong Buy Stocks for November 24th

2017-11-24 zacks
MCBC Holdings, Inc. (MCFT - Free Report) : This company that manufactures recreational sport boats has seen the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days. (45-0)

New Strong Buy Stocks for November 20th

2017-11-20 zacks
Artisan Partners Asset Management Inc. (APAM - Free Report) : This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days. (20-0)

Continental Resources to Sell Second Consignment of Bakken

2017-11-20 zacks
Continental Resources, Inc. (CLR - Free Report) has announced the sale of second international consignment of Bakken crude oil. The exploration and production company proposes to sell 430,000 barrels of oil for January delivery to international markets. The transaction is expected to take place in Cushing, OK. This news closely follows the company’s announcement for the sale of 1,005,000 barrels of Bakken crude oil to Atlantic Trading and Marketing, in October. (24-0)

Statoil (STO) Plans to Boost Exploration Activities in NCS

2017-11-20 zacks
Statoil ASA (STO - Free Report) has decided to accelerate oil and gas exploration activities in the Norwegian Continental Shelf (“NCS”) in 2018. In 2014, when commodity prices started dropping drastically, oil companies had to lower exploration budgets considerably. However, these companies have reinitiated exploration activities. This implies additional work for owners of drilling rigs, such as Transocean Ltd or Seadrill Limited. (87-0)

Schlumberger's Operations in Ecuador Face Financial Crunch

2017-11-17 zacks
Schlumberger Limited (SLB - Free Report) has stated that Ecuador's government has failed to accede with a payment agreement of $350 million, which was a portion of $850-million debt. The operations of the largest oilfield service player in the Andean nation is hampered. In November, Ecuador had agreed to discharge its debt with the oil company in tranches but failed to fulfill its obligation. Petroamazonas, a state oil company, was supposed to make the payment. (12-0)

Marathon Petroleum Opts for Strategic Dropdown, Gets $8.1B

2017-11-15 zacks
Oil refining and marketing giant Marathon Petroleum Corporation (MPC - Free Report) recently announced that it will sell its fuel distribution services and refining and logistics assets to its midstream subsidiary MPLX LP (MPLX - Free Report) for $8.1 billion. The deal is expected to be over by Feb 1, 2018. (36-0)

Eni Inks Exploration Agreement for Block 52, Offshore Oman

2017-11-15 zacks
Eni SpA (E - Free Report) has inked an Exploration and Production Sharing Agreement (EPSA) with Oman Oil Company Exploration and Production ("OOCEP"), a subsidiary of state company Oman Oil Company SAOC ("OOC"), relating to Block 52. Block 52 covers an area of about 90,000 square kilometer. It is an unexplored area with immense hydrocarbon potential. The area is located in the southern region of Oman in water depths ranging from 10 to more than 3,000 meters. (61-0)

Statoil (STO) & SembMarine Sign LOI for Barents Sea FPSO

2017-11-14 zacks
Norway-based integrated oil and gas company Statoil ASA (STO - Free Report) recently signed a letter of intent (LOI) with a Singapore-based rig builder, Sembcorp Marine Rigs & Floaters Pte. Ltd or SembMarine, for building hull and integrated living quarters in a floating production, storage and offloading (FPSO) vessel. Per Statoil, the FPSO is expected to be in the Barents Sea's Johan Castberg field, located 240km north-west of its Hammerfest liquefied natural gas plant. (56-0)

ExxonMobil in Talks with Ghana Over Exploration Project

2017-11-14 zacks
ExxonMobil Corporation (XOM - Free Report) has been presented with an opportunity by Ghana for carrying out deepwater exploration off the country’s coast. Ghana has initiated talks with the oil giant and negotiations are underway as per current regulations. Per sources, the government had chosen to negotiate directly with ExxonMobil instead of resorting to competitive tendering. Also, regulations relating to open competitive tendering are yet to be passed by the country. (32-0)

New Strong Buy Stocks for November 13th

2017-11-13 zacks
Braskem SA (BAK - Free Report) : This company that produces thermoplastic resins has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days. (37-0)

Noble's Drillship Receives Contract Extension From Hess

2017-11-13 zacks
Per the latest fleet update released by Noble Corporation (NE - Free Report) , the company’s drillship, Noble Paul Romano, has been awarded another contract extension by Hess Corporation (HES - Free Report) . The rig is currently operating in the Gulf of Mexico. It will continue to receive current dayrate of $115,000. The drillship will be under contract until second-quarter 2018. The purposes of the drillship have not been specified. (25-0)

McDermott (MDR) Secures New EPCI Contract in Arabian Gulf

2017-11-13 zacks
Energy-focused engineering and construction company McDermott International, Inc. (MDR - Free Report) recently announced that it has received an engineering, procurement, construction and installation ("EPCI") contract from a customer in the Middle East. The news follows the company's strong third-quarter results, which showed a 72% year-over-year increase in quarterly revenues. (45-0)

Baker Hughes, Sonatrach to Construct Oil Equipment Plant

2017-11-13 zacks
Baker Hughes, part of GE (BHGE - Free Report) , and Algerian State energy company, Sonatrach, have proposed to set up a joint venture (JV). Per the deal, the companies will construct an oil equipment plant in Algeria at an estimated cost of $45 million. Manufacturing, assembly and maintenance for various types of oilfield equipment will be provided by the JV. This will result in the formation of an important base, which will meet Algeria’s rising domestic needs and fulfill requirements for exports. (41-0)

CUSIP: 105532105