Welcome!

Apache Authors: Elizabeth White, Pat Romanski, Liz McMillan, Christopher Harrold, Janakiram MSV

News Feed Item

The Zacks Analyst Blog Highlights: Royal Dutch Shell, Apache, Schlumberger, BP and Cameron International

CHICAGO, Aug. 20, 2014 /PRNewswire/ -- 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 the Royal Dutch Shell plc (NYSE:RDS.A-Free Report), Apache Corp (NYSE:APA-Free Report), Schlumberger Ltd. (NYSE:SLB-Free Report), BP plc (NYSE:BP-Free Report) and Cameron International Corp. (NYSE:CAM-Free Report).

Zacks Investment Research, Inc., www.zacks.com

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday's Analyst Blog:

Oil & Gas Stock Roundup

Royal Dutch Shell plc's (NYSE:RDS.A-Free Report) $2.1 billion portfolio reshuffle and Apache Corp's (NYSE:APA-Free Report) big oil find off Western Australia were the major headlines over the past week. 

Overall, it was a bearish week for the sector. West Texas Intermediate (WTI) crude futures declined for the fourth consecutive week to close at $97.35 per barrel. Meanwhile, natural gas prices broke their winning streak and ended the week at around $3.8 per million Btu (MMBtu), down 4.7% from the previous week. (See last 'Oil & Gas Stock Roundup' here: Kinder Morgan Soars on $70B Restructuring Mega-Deal)

Oil prices fell further below $100 to their lowest level since late January on the commodity's plentiful inventory, dismal GDP report from the Eurozone and reopening of Libyan export facilities. The negative sentiment was partially offset by the anticipated supply disruption out of Russia – a top energy producer and exporter – following renewed tensions with Ukraine.

Natural gas fared even worse, weighed down by an above-average supply gain and expectations of tepid electric power demand with forecasts of cooler-than-normal summer weather across most parts of the U.S.

Recap of the Week's Most Important Stories

1.    In a bid to restructure its North American shale portfolio, European oil major Royal Dutch Shell plc announced that it has entered into agreements to sell its position in the mature Pinedale and Haynesville acreage. The deals would fetch about $2.1 billion in cash for Shell, in addition to properties in the promising Marcellus and Utica shale plays. (Read More: Shell in $2.1B North American Portfolio Restructuring Move)

2.    U.S. energy firm, Apache Corp. announced that it has struck oil in the Canning Basin, off the shore of Western Australia. The discovery, at the Phoenix South-1 well, marks the company's first find in the region and is believed to be a significant one. Preliminary estimates indicate about 300 million barrels of oil in the area, based on six light oil samples collected from the region. Moreover, the company stated that the oil and reservoir quality are indicative of a commercial discovery, which could mean a new oil province in Australia.

3.    World's largest oilfield services company Schlumberger Ltd. (NYSE:SLB-Free Report) became one of the first major U.S. companies to announce that its quarterly earnings would be hurt due to sanctions imposed by the U.S. and European Union (EU) on Russia over the Ukraine crisis. The Houston, TX-based Schlumberger – which drills on the island of Sakhalin with Rosneft – sees its third-quarter profit to be hurt by about 3 cents per share, as the penalties confine the engagement of people and equipment in Russia. (Read More: Schlumberger Q3 Earnings to Suffer for Sanctions on Russia)

4.    British energy major BP plc's (NYSE:BP-Free Report) associate, BP Trinidad and Tobago (BpTT) received the nod for its Juniper offshore gas project. The development will comprise construction of a normally unmanned platform, along with related subsea infrastructure. The project – a first of its kind for BpTT – will consist of five subsea wells and a production capacity of around 590 million standard cubic feet a day.  (Read More: BP Receives Approval for its Juniper Offshore Gas Project)

5.    Oil drilling equipment maker Cameron International Corp. (NYSE:CAM-Free Report) announced that it has signed a deal with industrial goods manufacturer, Ingersoll-Rand Plc (IR) for the sale of its Centrifugal Compression business. The transaction is valued at about $850 million in cash. Cameron anticipates after-tax proceeds of about $600 million from the sale which it intends to use to buy back stocks. The transaction is expected to close by 2014.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on RDS.A - FREE

Get the full Report on APA - FREE

Get the full Report on SLB - FREE

Get the full Report on BP - FREE

Get the full Report on CAM - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...