Cameron International Corp
Latest Cameron International Corp News and Updates
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.
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.
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.
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.
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.”
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.
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.
More about Roper Technologies’ Industrial Technology Segment
Roper Technologies’ (ROP) Industrial Technology segment has long lead times and provides highly engineered custom-configured products.
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.
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.
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.
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.
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.
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.
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%.
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.
Do Cameron International’s Returns Shadow Crude Oil Prices?
Cameron International’s YTD returns have been higher than those of the industry ETF OIH.
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.
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.
Basics of Schlumberger
Schlumberger (SLB) provides technology, project management, and information technology services to the oil and natural gas exploration and production industry.
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.
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.
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.
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.
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.
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.
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%.
Diving Deeper into Schlumberger’s 2Q15 Earnings
The deterioration in Schlumberger’s 2Q15 earnings resulted from decreased North American land activity.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Must-know: Financial terms of the Halliburton-Baker Hughes merger
Halliburton estimates the combined company will increase shareholders’ value through dividends and share repurchases.
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.
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.
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).