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Friday October 16, 2009

DrStockPick.com Stock Report!

NOK, PWRM, MRK, CSRH, TXN, CVAT, HAL, AQNM

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NOK, Nokia Corp.

NOK is a pioneer in mobile telecommunications and the world’s leading maker of mobile devices.

NOK and Accenture announced the completion of Accenture’s acquisition of Nokia’s Symbian Professional Services, which was initially announced on July 17, 2009. With this transfer, Accenture assumes full ownership of Nokia’s Symbian Professional Services unit responsible for Symbian OS customer engineering and customer support.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways,

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  Earlier today, Halliburton Company (HAL) – one of the largest oilfield service providers in the world – reported better–than-anticipated third-quarter results, benefiting from its balanced global portfolio and broad spectrum of industry-leading services, especially in key unconventional resources. Earnings per share, excluding employee separation costs, came in at 31 cents, 5 cents above the Zacks Consensus Estimate. Revenue & Profitability On a year-over-year basis, Halliburton’s adjusted earnings per share was down more than 59% while revenue decreased 26% to $3.6 billion, hurt by continued pricing pressures in the all-important North American region to which the company is heavily exposed through its market-share-leading pressure-pumping business. During the quarter, North America accounted for approximately 36% of the company’s total revenue and 7% of its operating income. Completion & Production Segment Business-segment-wise, the Completion and Production segment revenue was up 4% sequentially but was down 29% year-over-year ...

Yesterday, oilfield service provider Halliburton Company (HAL) announced the receipt of a two-year, $229 million contract from the Norwegian subsidiary of Talisman Energy Inc (TLM). The deal calls for Halliburton to provide drilling fluids and related services to all Talisman-operated fields on the Norwegian Continental Shelf.  Halliburton further said that work on the contract, which includes several extension options, began in the third quarter of 2009. The world's second-largest oilfield services company after Schlumberger Limited (SLB) will provide the required services through its Baroid product service line.  We view the Talisman contract award as a positive for Halliburton, especially at a time when the company is reeling from its heavy exposure to the North American market.  Houston, Texas-based Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, ...

For Immediate Release

Chicago, IL – October 13, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Baker Hughes Inc. (BHI), Halliburton Company (HAL), Schlumberger Limited (SLB), National-Oilwell Varco (NOV) and Weatherford International Ltd. (WFT).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

U.S. Rig Count Continues to Climb

According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about

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According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about commodity price recovery. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,041 during the week. This is up by 17 from the previous week’s tally and is 19% higher from the 2009 low of 876 (set in the week ended June 12). The combined oil and gas rig count is down by 949 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas rigs drilling in the U.S. increased by 14 to 726, ...

According to data from Baker Hughes Inc. ((BHI), the number of rigs searching for oil and gas in the U.S. fell for the week ended Sept. 11, reflecting scaled back drilling activity by the producers. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 999 during the week. This is down by 10 from the previous week’s tally and is the first decline in nine weeks. The combined oil and gas rig count is down by 1,032 from the year-ago period, when it rose to a 22-year high of 2,031. The number of natural gas rigs drilling in the U.S. decreased by 2 to 699, snapping a seven-week gain. It is currently down 56% since peaking at 1,606 in the year-ago period. This is shown in the following chart, also from Baker ...

In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week ended Sept. 4 (as clear from the first chart below from Baker Hughes). This is the highest in five months and is up by 10 from the previous week’s tally. The combined oil and gas rig count is down by 1,004 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas rigs drilling in the U.S. increased by 2 to 701, the seventh successive weekly gain. However, the rig count still remains 56% lower than its ...

Yesterday, Mexico's state oil company, Petroleos Mexicanos – also known as Pemex, said it is looking for contractors to drill 200 oil wells in the country's southern district as part of its efforts to offset declining output at existing wells. According to information released, drilling is scheduled to start in early October and last for 3 years.

Pemex has vowed to stick to its $20 billion capital expenditure target for this year, despite the sharp deterioration in the macro backdrop during the last few quarters (anemic demand coupled with growing supply overhang) and the resultant weakness in commodity prices.

The ambitious investment program has provided opportunities for oil services companies at a time when they are reeling from heavy exposure to the North American market.

Pemex confirmed that international oilfield service providers, including Halliburton Company (HAL), Schlumberger Limited (SLB), Baker Hughes Inc. (BHI) and Nabors Industries Ltd. (NBR)

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Yesterday, Petroleos Mexicanos (also known as Pemex), Mexico’s state oil company, said that it has awarded a contract to Houston-based oilfield service provider – Halliburton Company (HAL) – to drill 170 wells at the large Chicontepec oil basin.  Pemex said that the deal, worth approximately $159 million, will last three years and involve four drilling rigs. Halliburton is expected to commence work on the Chicontopec fields (in northern Mexico) from the next month. This will mark the oilfield services giant’s debut in an area where its competitors Schlumberger Limited (SLB) and Weatherford International (WFT) already have an established presence.  At a time when Halliburton, the world's second-largest oilfield-services company by revenue, is reeling from its heavy exposure to the natural gas-centric North American market, the Pemex contract allows the company to expand its international presence. Mexico is an important market for all oil service ...

Houston, Texas-based Halliburton Company (HAL), one of the largest oilfield service providers in the world, has bagged a two-year contract extension from StatoilHydro (STO). The estimated value of the contract extension is approximately $450 million.   Halliburton had been awarded the first contract in 2006. The initial contract was for a two-year term with further extension options of three two-year periods.   Under the terms of the extended contract, Halliburton will provide fluids systems for multiple fields on the Norwegian Continental Shelf. This includes cementing services for 20 rigs and completion fluids for 16 rigs.   The contract will involve services from both of Halliburton’s business segments: Completion and Production as well as Drilling and Evaluation.   Halliburton is among the top three players in each of the product/service categories it offers and is present in all the major hydrocarbon-producing regions of the world.   We view ...