HOUSTON----Oceaneering International, Inc. announced it will release its earnings for the third quarter of 2008 on Thursday, October 30, 2008 after 5:00 p.m. Eastern.
Oceaneering International, Inc. (NYSE: OII) announced it will release its earnings for the third quarter of 2008 on Thursday, October 30, 2008 after 5:00 p.m. Eastern. A conference call to discuss
BoJ cuts interest rates. In a split decision of five-against-four, and under pressure from the government, the Bank of Japan cut its benchmark interest rate to 0.3% from 0.5%. A former BoJ board member said the rate cut, the first in seven years, "will probably do little to prop up the economy" but BoJ probably didn't want to come across as overly rigid during the global financial crisis. BoJ also lowered its growth forecast for the year through March, dropping its estimate to 0.1% from a 1.2% prediction in...
Despite €2.3B writedown, Deutsche Bank beats. Deutsche Bank (DB) reports a 63% decline in Q2 net profit on further asset write-downs, lower revenue, higher credit-risk provisions and trading losses. Despite all that, net profit of €649M was significantly better than the €426M consensus. DB posted a €2.3B markdown, following a €2.7B writedown in Q1. It has written down a total of €7.3B since the credit crisis began last summer. "Looking forward, we remain cautious for the remainder of 2008," CEO Josef Ackermann said. DB says it is it is...
Stocks discussed in the in-depth session of Jim Cramer?s Mad Money TV program,Tuesday June 24.
Oceaneering International (OII)
While fears of spillage from offshore drilling were justified in the past, Cramer remarked companies like Oceaneering International are making drilling cleaner. OII controls 34% of the market in ROVs or Robotic operated vehicles which remotely check pipelines, make repairs, and assist in drilling and cleaning. Half of all rigs own ROVs and demand for OII?s ROVs keep growing; the company was awarded 21 out of 22 new contracts. Three-quarters of Oceaneering International?s revenue comes from ROVs, and the company also has an...
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program, Monday June 16.
Bullish calls:
Oceaneering International (OII): ?I would buy that company on any dip. You have a winner there.?
FMC Corp (FMC): ? ?may I throw in FMC Corp and Core Labs as two other great ones."
Core Labs (CLB) HJ Heinz (HNZ): ?The only food company I'm behind here is HJ Heinz because they're the only ones who made the quarter."
Sony (SNE): "I think the yen is coming around and Japan is coming around. I think I'm going to get behind Sony here."
Visa (V):...
Recap of Fast Money, Monday May 12. Click on a stock ticker for more analysis.
Merrill Lynch (MER), Apple (AAPL), Microsoft (MSFT), Cisco (CSCO), Intel (INTC), Research in Motion (RIMM), Hewlett-Packard (HPQ), Electronic Data Systems (EDS), IBM (IBM)
MER and Apple rose and took the financial and tech sectors with them. A break in oil's incessant rise also triggered a rally and Adami says he believes in large-cap tech and noted action in MSFT, CSCO and INTC. Najarian discussed new developments for RIMM and thinks Apple was driven up by RIMM. He added Apple is cheap, according to its price-to-earnings...
Crude Oil: The April contract (expiring today) fell $4.53 to $105.68 Monday
as profit taking set in early in the session and accelerated as the day
wore on. The theory goes that despite a weaker dollar, speculators were
selling whatever was up to handle margin calls on the financials and
whatever else they had that was down. Once oil was off $4+, the story
shift to fear over the economy. It was probably a bit of both and I'm
not looking for a sudden collapse in oil prices.
OPEC Production Up In February. According to Platts:
Feb total OPEC (includes Iraq) production was 32.33 million,...
HOUSTON , Dec. 2 /PRNewswire-FirstCall/ -- Oceaneering International, Inc. (NYSE: OII) announced today that T. Jay Collins , President and Chief Executive Officer, will deliver a presentation at ...
Since October, a handful of businesses have either closed or announced temporary layoffs including Oceaneering, Century Boat, Circuit City, Stock Building Supply, Trane, Berg Steel Pipe and Linen ...
Nov. 18--PANAMA CITY -- Bay County's unemployment rate has held steady for the past few months, but recent layoffs announced by Smurfit-Stone Container Corp., Oceaneering ...
Nov 16, 2008 (The Virginian-Pilot - McClatchy-Tribune Information Services via COMTEX) -- OII | Quote | Chart | News | PowerRating -- They heard crushing steel, a cha-cha-cha-cha sound, like a ...
IT looks like being a grim Christmas for around 90 workers set to lose their jobs at subsea cabling firm Oceaneering Multiplex in Rosyth. It was confirmed last week that a quarter of the workforce ...
The news on the local economic front continues to get worse. Another two companies have announced they're either going out of business or cutting the workforce. Circuit City is closing one-fifth ...
By David Lee Smith There are but a few energy companies that are "unique" in the true sense of the word, meaning that, while they may have some competition, they virtually dominate their part of ...
Oct 31 (Reuters) - Stifel Nicolaus slashed its price target on Oceaneering International Inc (OII.N: Quote, Profile, Research, Stock Buzz) on Friday, a day after the oilfield services company ...
Oceaneering Multiflex want to get rid of up to a quarter of their 400-strong workforce in Rosyth, Fife. The US firm, who make underwater control cables for the oil industry, said they had to cut ...
(RTTNews) - Thursday, Oceaneering International, Inc. (OII: News ), reported a rise in net earnings for the third quarter, helped by growth in sales during the period. The company also narrowed ...
Even with today's credit crunch and falling energy prices, money continues to flow for new U.S. wind farms, as major wind developers race to build the nation's first offshore project.
Energy stocks move up with the broader market, with buying in the sector tied to rising oil prices, the approach of Hurricane Ike to the Gulf of Mexico and relief over the U.S. government’s bailout of Fannie Mae and Freddie Mac.
NEW YORK (MarketWatch) -- Hurricanes Gustav and Ike will take a bite out of third-quarter profit from components of the Philadelphia Oil Service Index , Dan Pickering of Tudor Pickering Holt said in a note to clients on Monday. "Two hurricanes back-to-back keeps Gulf of Mexico (drilling) activity muted for two weeks, perhaps three," he said. "Remember, the Gulf of Mexico (is) generally a high margin business with high fixed costs." Every major oil service player will see some impact, but Smith International , Superior Energy Services , Hercules Offshore and Oceaneering International may have the most...
With record-high oil grabbing everyone's attention, investors in energy stocks are already turning to the Atlantic hurricane season to determine which firms will benefit and which will lose.
With oil at record highs grabbing everyone’s attention, investors in energy stocks are already turning to the Atlantic Hurricane season to determine which firms will benefit and which will lose.
Rich Moroney, editor of both the Dow Theory Forecast and Upside newsletters, says that the long run on energy stocks is likely to continue because the energy companies still have the key combination of reasonable valuations and operating momentum.
Rich Moroney, editor of both the Dow Theory Forecast and Upside newsletters, says that the long run on energy stocks is likely to continue, because the energy companies still have the key combination of reasonable valuations and operating momentum. In a radio interview, Moroney said that the energy story is "nearly across the board," making the real challenge for investors finding the best buys for the short and long term.
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