Dresser-Rand Group Inc
ValueAct Capital increases its position in Allison Transmission
ValueAct Capital upped its stake in Allison Transmission from 4,625,204 shares to 18,025,204 shares, last quarter.
ValueAct raises its position in Allison Transmission Holdings
Allison Transmission posted a 19% increase in net sales in 3Q14, to $553 million. This increase was partially offset by previously confirmed reductions in US defense spending.
ValueAct gets seat on Armstrong World Industries’ board
While Armstrong’s 3Q14 results beat estimates, its consolidated net sales fell slightly compared to 3Q13, due to lower volumes in Europe and lower sales of resilient and wood flooring in the Americas.
Phillips 66 no longer part of Iridian
Iridian exited its position in Philips 66 (PSX), which accounts for 3.20% of the fund’s third quarter portfolio.
Avis Budget Group gets lower position with Iridian
Iridian lowered its position in Avis Budget Group, Inc. (CAR), which now accounts for 2.46% of the fund’s third-quarter portfolio.
Sale of position in Tyco affects Iridian’s portfolio
Iridian sold its position in Tyco International Ltd. (TYC), which accounts for 1.90% of the fund’s second quarter portfolio.
ValueAct Capital lowers stake in Rockwell Collins
Rockwell Collins Inc. is a leader in the design, production, and support of communications and aviation electronics for commercial and military customers worldwide.
ValueAct Capital sells shares in Motorola Solutions
ValueAct Capital lowered its position in MSI. An amended 13D filing in November noted that the fund owns 17,588,576 shares. This is down from 28,907,623 shares.
ValueAct Capital lowers stake in Dresser-Rand before merger deal
ValueAct Capital lowered its position in Dresser-Rand Group (DRC). An amended 13D filing in July noted that the fund owns 2,004,462 shares.
Haynesville Shale Natural Gas Production Was Up Again in November
The number of active rigs at the Haynesville Shale was 33 in November 2015, up from 29 in October. A year ago, there were 49 drilling rigs in the region.
Eagle Ford Oil and Gas Production Was Down Again in November
The EIA estimates that natural gas production at the Eagle Ford Shale was 6.7 billion cubic feet per day in November 2015, 2% below October’s level.
Diving Deeper into Schlumberger’s 2Q15 Earnings
The deterioration in Schlumberger’s 2Q15 earnings resulted from decreased North American land activity.
Crude Oil and Natural Gas Rig Counts Changed Course Last Week
In the week ended July 17, the US rig count decreased by seven active crude oil rigs, which was partially offset by an increase of one natural gas rig.
Crude Oil and Natural Gas Rigs Diverge Further
In the 12 months to July 10, the total US crude oil and natural gas rig count fell by 1,012, or 54%.
Why the Falling Rig Count Last Week Matters to Investors
In the week ending June 12, the US rig count decreased by seven active crude oil rigs and one natural gas rig.
Why Falling Rig Counts in Week Ending June 5 Matter to Investors
In the June 5 week, the US rig count decreased by four crude oil rigs and three natural gas rigs. In the 12 months to June 5, the total rig count dropped by 992, or 53%.
Rig Counts Dropped 53% in 1 Year: Why It Matters to Investors
In the week ending May 29, the US rig count decreased by 13 active crude oil rigs, partially offset by three additional natural gas rigs.
C&J Energy Services and RPC: Last Week’s Sectoral Standouts
In our selected set of companies, not one oilfield equipment and services company saw a loss. Within this winning sector, there were two standouts.
ValueAct lowers stake in Adobe Systems
Adobe announced the acquisition of privately-held Fotolia, a leading marketplace for stock content. A release said Fotolia will be integrated into Adobe Creative Cloud.
Why ValueAct Capital Management increased its position in MSCI
ValueAct Capital slightly increased its stake in MSCI Inc. that accounts for 2.70% of the fund’s fourth quarter portfolio.