Cameron International Corp

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  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    Texas rig count continues to lose ground

    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.

    By Alex Chamberlin
  • uploads///FCF
    Earnings Report

    What’s Schlumberger’s Outlook for the Rest of 2015?

    Schlumberger expects drilling activity headwinds to continue in 2015. Lower E&P activity and declining rig count should also hurt other drilling equipment and service providers.

    By Alex Chamberlin
  • Real Estate

    Lee Cooperman’s Omega Advisors opens a new position in T-Mobile

    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.

    By Samantha Nielson
  • uploads///Segments
    Company & Industry Overviews

    Subsea Segment’s Performance Is a Bright Spot for Cameron

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

    By Alex Chamberlin
  • uploads///one year foward
    Company & Industry Overviews

    How Is Flowserve Trading Compared to Peers?

    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.

    By Jessica Stephans
  • uploads///Q FLS EPS
    Earnings Report

    Behind Flowserve’s Surge despite Weak 1Q16 Earnings

    Decent 1Q16 revenues sent Flowserve’s shares to a high of $49.52 in early trading. The stock closed at $48.81, 2.9% higher than its opening price of $47.42.

    By Jessica Stephans
  • uploads///OIH
    Macroeconomic Analysis

    The VanEck Vectors Oil Services ETF (OIH) Sees Gains Last Week

    OIH is a good proxy for playing energy prices because the fortunes of OFS companies tend to be closely linked to those of upstream, or exploration and production, companies.

    By Keisha Bandz
  • uploads///SLB Group structure
    Miscellaneous

    Schlumberger and Cameron International: a Complementary Team

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

    By Alex Chamberlin
  • uploads///Returns
    Earnings Report

    Schlumberger’s Year-to-Date Returns Better Than Industry’s

    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.

    By Alex Chamberlin
  • Financials

    Omega Advisors buys stake in IntercontinentalExchange

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

    By Samantha Nielson
  • uploads///CAM SLB CAM basics
    Miscellaneous

    Basics of Cameron

    Cameron (CAM) provides oil drilling equipment to the oil and gas industry via four business segments: Subsea, Surface, Drilling, and Valves & Measurement, or V&M.

    By Brent Nyitray, CFA, MBA
  • uploads///R IT Peers
    Company & Industry Overviews

    More about Roper Technologies’ Industrial Technology Segment

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

    By Jessica Stephans
  • uploads///Total IG Bond Issuance for the WE December
    Company & Industry Overviews

    Visa Inc Led the High-Grade Bond Market Last Week

    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.

    By Lynn Noah
  • uploads///Onshore
    Macroeconomic Analysis

    US Onshore Rig Count Is down 54% since November 2014

    During the week ending May 1, 2015, the US land-based, or onshore, rig count fell by 27—compared to the previous week’s count.

    By Alex Chamberlin
  • uploads///EBT Growth
    Earnings Report

    North America and Asia aid Schlumberger’s 4Q14 profit

    In 4Q14, earnings before tax (or EBT) from Schlumberger’s international operations increased 3.8% to $1.98 billion from $1.91 billion in 4Q13.

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US onshore rig count lowest since January 2010

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

    By Alex Chamberlin
  • uploads///EQIX
    Industrials

    Must-know: Why did JANA Partners open a position in Equinix?

    Equinix Inc. (EQIX) accounted for a 4.33% position, according to JANA’s 3Q 2013 portfolio. The investor letter stated the fund started building its position late in the second quarter.

    By Samantha Nielson
  • uploads///Revenue estimates
    Earnings Report

    Schlumberger: 2Q15 Revenue Expectations Are Bearish

    While Schlumberger can expect a 11% sequential revenue fall in 2Q15, Halliburton (HAL) is looking at a 17% quarter-over-quarter fall in 2Q15 revenue.

    By Alex Chamberlin
  • uploads///OIH
    Macroeconomic Analysis

    OIH Underperformed XOP and Commodity ETFs Last Week

    The VanEck Vectors Oil Services ETF (OIH) lost ~1.2% in the week to June 12. OIH tracks an index of the top 25 US listed OFS companies.

    By Keisha Bandz
  • uploads///Onshore rig count
    Macroeconomic Analysis

    US Onshore Rig Count Lost Momentum Last Week

    During the week ended July 31, 2015, the US onshore rig count fell by five over the previous week’s count.

    By Alex Chamberlin
  • uploads///Operating Income
    Consumer

    A Closer Look at Schlumberger’s 1Q15 Earnings

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

    By Alex Chamberlin
  • uploads///Q FLS Bookings
    Earnings Report

    How Will Brexit Affect Flowserve?

    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.

    By Jessica Stephans
  • uploads///Dividend and Yield
    Company & Industry Overviews

    Inside Helmerich & Payne’s Dividend and Dividend Yield

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

    By Alex Chamberlin
  • uploads///
    Company & Industry Overviews

    Which OFS Companies Are Correlated to Crude Oil Prices?

    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.

    By Alex Chamberlin
  • uploads///Dividend and Yield
    Company & Industry Overviews

    Taking a Closer Look at Baker Hughes’ Dividend and Dividend Yield

    Baker Hughes increased its dividend from fiscal 2013 through fiscal 2015. In fiscal 2015, Baker Hughes’ dividend per share increased by 6.3% to $0.68 compared to $0.64 per share dividend in fiscal 2014.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    Understanding Halliburton’s Valuation Compared to Peers

    Halliburton’s net-debt-to-EBITDA multiple is higher than its peer group average. A higher multiple could indicate insufficient cash to repay debt.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    Dril-Quip’s Historical Valuation

    Dril-Quip’s historical valuation, expressed as EV-EBITDA multiple, was moving in a range from fiscal 2009 to fiscal 2013 before it fell in fiscal 2015.

    By Alex Chamberlin
  • uploads///Analysts Targets
    Company & Industry Overviews

    What Are Analysts’ Recommendations for BHI, SLB, HAL, and CAM?

    Approximately 78% of the analysts tracking Baker Hughes (BHI) recommended a “buy” or an equivalent rating. Approximately 19% recommended a “hold.”

    By Alex Chamberlin
  • uploads///Dividend and Yield
    Company & Industry Overviews

    Dividend Growth and Dividend Yields for SLB, HAL, and BHI

    The higher DPS and lower share price caused Schlumberger’s dividend yield to rise from 1.87% as of December 31, 2014, to 2.79% as of February 29.

    By Alex Chamberlin
  • uploads///Net Income
    Company & Industry Overviews

    What Was the Income Growth for CAM, HAL, BHI, and SLB?

    Cameron International is the only company in our group that reported positive fiscal 4Q15 net income. Its fiscal 4Q15 net income fell 51% to $125 million.

    By Alex Chamberlin
  • uploads///Analyst Actions Oil Field Services
    Company & Industry Overviews

    What Are Wall Street’s Ratings for Oilfield Services Companies?

    Recently, there were no upgrades or downgrades issued by Wall Street analysts for the top five oilfield services companies.

    By Nicholas Chapman
  • uploads///Returns
    Company & Industry Overviews

    Analyzing the 1-Year Returns for SLB, HAL, BHI, and CAM

    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%.

    By Alex Chamberlin
  • uploads///Utica
    Macroeconomic Analysis

    Why Utica Shale Natural Gas Production Rose 54% in January

    The EIA estimates that Utica Shale natural gas production reached ~3.2 Bcf (billion cubic feet) per day in January 2016. That’s ~2.2% more than production in December 2015 and 54% more than production in January 2015.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    Cameron International: Why All Segments Reported Lower Q4 Revenue

    From fiscal 4Q14 to 4Q15, all of Cameron International’s (CAM) segments recorded lower revenues. The Valves and Measurement segment suffered the biggest revenue decline.

    By Alex Chamberlin
  • uploads///Marcellus
    Macroeconomic Analysis

    Natural Gas Production in Marcellus Shale Fell in December

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

    By Alex Chamberlin
  • uploads///YTD Returns
    Company & Industry Overviews

    Do Cameron International’s Returns Shadow Crude Oil Prices?

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

    By Alex Chamberlin
  • uploads///Target Price
    Company & Industry Overviews

    Cameron International: What Does Management Think?

    Cameron International’s (CAM) management thinks that its operating income margin in all segments will stay pressured in fiscal 4Q15.

    By Alex Chamberlin
  • uploads///Marcellus
    Macroeconomic Analysis

    Marcellus Shale’s November Natural Gas Production Fell Marginally

    The EIA calculates that the average Marcellus Shale rig added production of 8.7 million cubic feet of natural gas in November 2015,

    By Alex Chamberlin
  • uploads///Share Price and MA
    Company & Industry Overviews

    Schlumberger’s Year-to-Date Stock Price Is Steady, Beats Index

    Schlumberger (SLB) has had a fair run in the stock market so far in 2015. On November 20, 2015, SLB was trading at $77.15, which was 8% lower than its price at the beginning of the year.

    By Alex Chamberlin
  • uploads///Performances of Oil Gold Bond and the US Dollar versus SPY
    Macroeconomic Analysis

    SPY Dipped on Yellen’s Hawkish Policy Comments on November 4

    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.

    By Renee Blakely
  • uploads///Onshore
    Macroeconomic Analysis

    US Onshore Rig Count Dives 9% in 6 Weeks: What’s the Impact?

    In the 12 months ended October 2, 2015, the US onshore rig count fell by 1,082, or 58%. The count decreased the most in Texas, where 60% of rigs shut down.

    By Alex Chamberlin
  • uploads///CAM SLB cost synergies
    Miscellaneous

    The Cameron-Schlumberger Material Adverse Effect Clause, Part 2

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

    By Brent Nyitray, CFA, MBA
  • uploads///CAM SLB transaction summary
    Miscellaneous

    The Cameron-Schlumberger Material Adverse Effect Clause, Part 1

    In the Cameron-Schlumberger OneSubsea joint venture, there’s a disproportionate effect clause addressing carve-outs that affect either company in a disproportionate way.

    By Brent Nyitray, CFA, MBA
  • uploads///CAM SLB SLB basics
    Miscellaneous

    Basics of Schlumberger

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

    By Brent Nyitray, CFA, MBA
  • uploads///Onshore rigs
    Macroeconomic Analysis

    US Onshore Rig Count Down 6% in 5 Weeks

    During the week ended September 25, the US onshore rig count fell by six from the previous week’s count. In the last five weeks, 48, or 6%, of onshore rigs have been idled.

    By Alex Chamberlin
  • uploads///Subsea segment revenue and income
    Miscellaneous

    OneSubsea’s Importance in the Schlumberger-Cameron International Deal

    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.

    By Alex Chamberlin
  • uploads///CAM SLB revenue synergies
    Miscellaneous

    The Cameron-Schlumberger Material Adverse Effect Clause, Part 3

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

    By Brent Nyitray, CFA, MBA
  • uploads///Onshore rigs
    Macroeconomic Analysis

    The US Onshore Rig Count Falls 4% in 3 Weeks

    During the week ended September 11, the US onshore rig count fell by 14 from the previous week’s count. Last week, there were 817 land-based rigs, including four inland water rigs.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    Texas Led Last Week’s US Onshore Rig Count Crash

    During the week ended September 4, the US onshore rig count fell by 16 from the previous week’s count. Last week, there were 831 land-based (or onshore) rigs.

    By Alex Chamberlin
  • uploads///SLB CAM Revenues
    Miscellaneous

    Cameron International Could Lend Balance to Schlumberger’s Operating Performance

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

    By Alex Chamberlin
  • uploads///CAM SLB strategic rationale
    Miscellaneous

    Rationale for Cameron’s Merger with Schlumberger

    By merging with Cameron, Schlumberger believes it can create a company with a more attractive offering.

    By Brent Nyitray, CFA, MBA
  • uploads///Merger Matrix
    Miscellaneous

    Financial Terms of the Schlumberger-Cameron Merger in Perspective

    The financial terms of the Schlumberger-Cameron merger hold that Cameron shareholders would own ~10% of the entity. Cameron traded at a ~4.8% discount.

    By Alex Chamberlin
  • uploads///Deal graph
    Miscellaneous

    Schlumberger Proposes to Acquire Cameron International

    On August 26, 2015, Schlumberger, the world’s largest OFS company by market capitalization, disclosed that it will acquire Cameron International.

    By Alex Chamberlin
  • uploads///Rep_Junk Bonds
    Fund Managers

    Junk Firms Find the Availability of Cheap Debt Waning

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

    By Stuart McKenzie
  • uploads///CAM SLB transaction summary
    Miscellaneous

    Basics of the Schlumberger-Cameron Transaction

    Cameron has a non-solicitation agreement with a fiduciary-out provision.

    By Brent Nyitray, CFA, MBA
  • uploads///CAM SLB spread
    Miscellaneous

    Schlumberger Buys Cameron, Will Offer Equipment and Services

    Schlumberger (SLB) is buying Cameron (CAM) for a combination of cash and stock.

    By Brent Nyitray, CFA, MBA
  • uploads///Stock Performances on August
    Macroeconomic Analysis

    The Energy Sector: The Sole Gainer on August 31

    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.

    By Renee Blakely
  • uploads///Part _
    Fund Managers

    US Economy Boosts XLE Subsectors in the Week Ended August 28

    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.

    By Stuart McKenzie
  • uploads///XLE
    Macroeconomic Analysis

    XLE Was Up, but USO Was the Winner in the Week Ended August 28

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

    By Keisha Bandz
  • uploads///Onshore rigs
    Macroeconomic Analysis

    Texas Defied Last Week’s US Onshore Rig Count Decrease

    During the week ended August 28, 2015, the US onshore rig count fell by six from the previous week’s count.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    US Onshore Rig Count Increases Are Widespread across the US

    During the week ended August 21, 2015, the US onshore rig count increased by four from the previous week’s count.

    By Alex Chamberlin
  • uploads///Offshore
    Macroeconomic Analysis

    US Offshore Rigs Rise for 2nd Week in a Row: Is the Worst Over?

    Eight new projects are expected to start in the Gulf of Mexico in 2015. This could explain the sharp rise in offshore rigs we’ve seen over the last couple of weeks.

    By Alex Chamberlin
  • uploads///Onshore
    Macroeconomic Analysis

    US Onshore Rig Count Increased, but Decreased in Some States

    The US onshore rig count was on a continuous slide until the week ended May 22, having fallen for 25 straight weeks. The onshore count seems to have bottomed out since then.

    By Alex Chamberlin
  • uploads///DPS
    Earnings Report

    Analyzing Halliburton’s Dividends, Cash Flows, and 2015 Outlook

    On July 16, Halliburton (HAL) announced a $0.18 dividend per share payment for 2Q15, unchanged from 1Q15.

    By Alex Chamberlin
  • uploads///Estimated EPS
    Earnings Report

    Halliburton’s 2Q15 Revenues and Earnings Beat Estimates

    In this post, we’ll discuss Halliburton’s 2Q15 revenues and earnings versus analysts’ consensus estimates in depth.

    By Alex Chamberlin
  • uploads///Operating Income
    Earnings Report

    Diving Deeper into Schlumberger’s 2Q15 Earnings

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

    By Alex Chamberlin
  • uploads///Offshore
    Macroeconomic Analysis

    Offshore Rigs Rise despite Weak Crude Oil Prices

    In the week ending July 10, 2015, the US offshore rig count rose by two to 31, compared to the previous week.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    Onshore Rigs Rise July 2 Week: Is Onshore Activity Rebounding?

    During the week ending July 2, 2015, the US land-based, or onshore, rig count rose by two from the previous week’s count. Last week, there were 833 onshore rigs.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    US Onshore Rigs Rose Last Week: Is It the Bottom?

    During the week ending June 26, the US onshore rig count rose by one from the previous week’s count. Last week, there were 831 onshore rigs.

    By Alex Chamberlin
  • uploads///Part _
    Fund Managers

    The Market Put a Premium on Large Caps with Strong Margin Growth

    Large-cap energy stocks with above-average margin growth mostly outperformed peers last week.

    By Stuart McKenzie
  • uploads///Onshore
    Macroeconomic Analysis

    US Onshore Rigs Play a Balancing Act across the US

    During the week ending June 19, 2015, the US land-based, or onshore, rig count didn’t change from the previous week’s count—there were 830 land-based rigs.

    By Alex Chamberlin
  • uploads///Part _
    Fund Managers

    A Breakdown of XLE’s Market Capitalization by Subsector

    The Energy Select Sector SPDR Fund (XLE) is primarily composed of large-cap stocks.

    By Stuart McKenzie
  • uploads///Part _
    Fund Managers

    Price-to-Earnings Ratio Trends and Trades in XLE Stocks

    The rise in price-to-earnings ratios is indicative of investor preference towards storage during contango oil and gas markets.

    By Stuart McKenzie
  • uploads///Part_
    Fund Managers

    Rising Dollar and Oversupply in June Set Long-Term Trends in Oil

    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.

    By Stuart McKenzie
  • uploads///Returns
    Company & Industry Overviews

    Schlumberger and Halliburton: Strong OFS Stocks in the past 3 Years

    Halliburton has been the best performer in the group since June 1, 2012. It returned 57.5%. During the same period, Schlumberger returned 53%.

    By Alex Chamberlin
  • uploads///Onshore rig count
    Macroeconomic Analysis

    How US Onshore Rigs Drove Rig Count Fall for 25th Straight Week

    During the week ended May 15, 2015, the US land-based, or onshore, rig count fell by six from the previous week’s count.

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US Onshore Rig Count down 52% since November 2014

    During the week ending April 24, 2015, the US land-based or onshore rig count fell by 23—compared to the previous week’s count.

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US Onshore Rig Count Down 49% since November 2014

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

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US Onshore Rig Count Down 51% since November 2014

    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.

    By Alex Chamberlin
  • uploads///Horizontal vs Vertical
    Macroeconomic Analysis

    Horizontal Rig Count Falls for 21st Consecutive Week

    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.

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US Onshore Rig Count Falls to November 2009 Level

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

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    US onshore rig count lowest since December 2009

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

    By Alex Chamberlin
  • uploads///Onshore vs Offshore
    Macroeconomic Analysis

    Texas leads the US onshore rig count to a 5-year low

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

    By Alex Chamberlin
  • uploads///Crude oil prices
    Earnings Report

    How energy prices can hurt Halliburton

    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.

    By Alex Chamberlin
  • uploads///Quarterly group revenue split
    Earnings Report

    Which segments and regions have been driving Halliburton?

    In its segments and regions, HAL earned ~38% of its revenues in 4Q14 from its Drilling and Evaluation segment and 62% from Completion and Production.

    By Alex Chamberlin
  • uploads///wayfair rev
    Fund Managers

    Viking Global’s Wayfair ownership falls after W’s share count rises

    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.

    By Adam Rogers
  • uploads///mohawk stock
    Fund Managers

    Mohawk Industries acquires IVC Group

    Mohawk Industries (MHK) entered into a definitive agreement earlier this month to acquire IVC Group, which is a leading manufacturer of sheet vinyl, luxury vinyl tile (or LVT), and laminate.

    By Adam Rogers
  • uploads///mohawk energy
    Fund Managers

    Mohawk Industries drives growth by reducing energy consumption

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

    By Adam Rogers
  • uploads///mohawk earnings
    Fund Managers

    Viking Global Investors reduces position in Mohawk Industries

    Mohawk Industries produces floor covering products for residential and commercial applications in North America and Europe.

    By Adam Rogers
  • uploads///Onshore and Offshore rigs
    Macroeconomic Analysis

    Onshore US rig count sees precipitous slide

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

    By Alex Chamberlin
  • uploads///ILUMINA
    Fund Managers

    Viking Global Investors reduces its position in Illumina

    Viking Global Investors has reduced its stake in Illumina by 461,100 shares. The reduction is marginal, which suggests Viking Global is positive in regards to the company’s performance.

    By Adam Rogers
  • uploads///Onshore vs
    Macroeconomic Analysis

    US onshore rig count dips 6% below its 2-year high

    During the week ending January 2, 2015, the US onshore rig count fell by 26 compared to the previous week’s count.

    By Alex Chamberlin
  • Miscellaneous

    Must-know: Financial terms of the Halliburton-Baker Hughes merger

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

    By Alex Chamberlin
  • uploads///stz
    Fund Managers

    Viking Global Investors sells position in Constellation Brands

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

    By Patricia Garner
  • uploads///toph
    Fund Managers

    Highlights of Viking Global Investors’ 3Q14 13F

    Viking Global Investors is a global investment firm managing more than $20 billion in capital across long-short equity and long-only strategies.

    By Patricia Garner
  • Consumer

    Why National Oilwell Varco’s relative valuation is important

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    By Manas Chowgule, CFA
  • Consumer

    Why cash flow from financing activities is an intermediary

    CFF is a key “intermediary” between a company and its sources of capital. It shows cash returned to shareholders through share repurchases and dividends.

    By Manas Chowgule, CFA
  • Consumer

    Why cash flow from operations indicates profitability

    A company’s cash flow from operations is the cash it earns from its business operations—the sale of products and services.

    By Manas Chowgule, CFA
  • uploads///SUNE
    Real Estate

    Cooperman’s Omega Advisors establishes a new position in SunEdison

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

    By Samantha Nielson
  • Consumer

    Omega Advisors opens a position in Gaming and Leisure Properties

    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).

    By Samantha Nielson
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