Cameron International Corp

Economist Karr Ingham expects that two-thirds of the Texas rigs at work will be laid down. That’s about 600 rigs if the price of crude oil stays low.

Cooperman seems to be following the trend of other other hedge funds such as Third Point and Paulson to capitalize on consolidation in the telecom space.

Cameron International’s (CAM) Subsea segment showed signs of recovery in fiscal 3Q15 after reporting falling revenue in three consecutive quarters.

Shares of Flowserve (FLS) currently trade at a PE (price-to-earnings) value of 17.04x. This isn’t cheap compared to FLS’s peers.

Schlumberger and Cameron are contemplating a merger because their drilling and production systems would be integrated from “pore to pipeline.”

Schlumberger (SLB) is set to announce its 3Q15 earnings after the market closes on October 15, 2015. Since January 1, SLB has slightly outperformed the OFS industry and some of its peers.

Omega Advisors opened a new 1.36% position in Intercontinentalexchange (ICE), a leading operator of global markets and clearing houses, in the fourth quarter.

Roper Technologies’ (ROP) Industrial Technology segment has long lead times and provides highly engineered custom-configured products.

Visa Inc (V) issued A1/A+ rated high-grade bonds worth $16.0 billion via six parts. This included $1.75 billion in 1.20% two-year notes at a spread of 30 bps.

In the last year, the US onshore rig count has fallen by 498. In contrast, the number of offshore rigs decreased by four.

In this article, we will look at Schlumberger’s first-quarter earnings in more detail and discuss the factors that affected net income.

Brent crude oil (USO) fell by nearly 5% to $48.4 per barrel on June 24, 2016. The fall happened after the results of the Brexit vote were announced.

Helmerich & Payne increased its dividend from fiscal 2009 through fiscal 2015. In fiscal 2015, its DPS increased 13% YoY to $2.75.

OFS companies are impacted by rig counts and energy prices. In the past year, WTI crude oil prices fell ~12%. Crude oil prices have fallen since June 2014.

Cameron International has done better than most of its peers in the stock market in the past year. Since February last year, its stock has returned 40%.

The EIA estimated that the Marcellus Shale’s natural gas production totaled ~15.6 Bcf (billion cubic feet) per day in December 2015.

Cameron International’s YTD returns have been higher than those of the industry ETF OIH.

The stock market’s two-day rally stalled on November 4 after Janet Yellen, the Federal Reserve chair, commented about a possible rate hike in December 2015.

The Material Adverse Effect Clause in the Cameron-Schlumberger merger has several exceptions, including changes to the economy or financial market in general.

Schlumberger (SLB) provides technology, project management, and information technology services to the oil and natural gas exploration and production industry.

OneSubsea’s importance can be best seen in its activity since the beginning of this year. But Cameron’s order backlog was down by 12% at the end of 2Q15.

The Material Adverse Effect Clause in the Cameron-Schlumberger merger has several exceptions, including weather-related events such as natural disasters.

Schlumberger’s operating performance declined more than Cameron’s in 1Q15 and 2Q15—Cameron has managed to steady its ship better than Schlumberger has.

Until now, energy drilling firms were offering bonds for postponing a cash deficit. These firms could witness greatly reduced access to debt capital markets.

The energy sector was the sole gainer on August 31. This move was largely triggered by the soaring oil prices and the fall in the US oil inventory.

Energy ETFs such as the Energy Select Sector SPDR ETF (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) posted weekly gains last week.

The United States Oil Fund (USO) was the biggest gainer in the week ended August 28. The fund rose by 12.47%.

The deterioration in Schlumberger’s 2Q15 earnings resulted from decreased North American land activity.

Crude oil prices are feeling the pressure as the US dollar rises and expectations linger over whether oil production will stay high with OPEC. This is a reason to worry about oversupply.

Last week was the 20th straight week that the onshore rig count declined. Texas lost 29 rigs, while Oklahoma lost five rigs.

In the week ended April 17, US onshore rig count fell by 34 compared to the previous week, falling to its lowest level since July 31, 2009.

The horizontal rig count fell by 29 for the week ended April 17, 2015, from the previous week’s count. This represents the 21st straight week of decline.

During the week ending March 13, 2015, the US onshore rig count fell by 64 compared to the previous week’s count.

Falling crude oil prices have affected US onshore rigs the most. Some of the unconventional resource shales have higher exploration and production costs.

During the week ending February 13, 2015, the US onshore rig count fell by 100 compared to the previous week’s count.

Since the last quarter of 2014, the crude oil price fall has led to spending cuts by some major energy upstream players. Energy prices can hurt Halliburton.

In November 2014, Wayfair declared its quarterly results and reported revenues of $336.2 million, an increase of 41.2% year-over-year and above what analysts had expected.

In order to increase its bottom line and decrease its carbon footprint, Mohawk is focusing on optimizing overall energy consumption.

In the last year, the onshore US rig count has fallen by 142. In contrast, the number of offshore rigs decreased by two.

Halliburton estimates the combined company will increase shareholders’ value through dividends and share repurchases.

Viking Global Investors sold its position in Constellation Brands (CAM) in 3Q14. The position accounted for 1.27% of Viking’s 2Q portfolio.

Omega Advisors initiated a new 1.50% position in SunEdison Inc (SUNE). SunEdison is a major developer and seller of photovoltaic energy solutions.

Gaming and Leisure Properties (GLPI) is a new position initiated by Omega Advisors last quarter. Gaming and Leisure Properties is the first gaming-focused REIT, which was spun off from Penn National Gaming (PENN).