Wunderlich Securities Sees Even Better Things To Come For Halcon Resources
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/14/08/4800958/wunderlich-securities-sees-even-better-things-to-come-fo#ixzz3BPK2xX6I
In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $9.00 price target on Halcon Resources (NYSE: HK).
In the report, Wunderlich Securities noted, “Halcon Resources (HK) last week announced that its second TMS well was on production and showed a solid initial production rate given the short lateral. This is certainly good news and shows that HK and many other operators in the region have shown solid progress in the play as well results improve as does the understanding. Outside of the TMS Halcon continues to generate strong results from the Williston and El Halcon plays that supports its solid growth expectations for 2014 and beyond. After the company's strong 2Q14 results and this recent news in the TMS we are surprised the stock has retraced some of the gains of late due to a weak energy tape. We feel these catalysts (as well as future ones) should lead the stock nicely higher.”
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/14/08/4800958/wunderlich-securities-sees-even-better-things-to-come-fo#ixzz3BPJqX8ED
& now above. so what y ou think for the next 3 mins...up, down? how about that backside pirate value digger. no doubt you're lurking - give me another bait me switch me otc canadian penny stock. r u the same clown as the other pirate josh young? own what you pump & own up. tell me about petro river piree! i'll stick to this ship thinner or thicker; tell me i'm wrong now and is so later.
Your time horizon for holding this stock is? Now just choose a letter:)
f. the next 60 seconds
u. between 60 seconds and 3 minutes
c. 3 minutes 2 seconds
k. 3 minutes 3 seconds
y. less than 30 minutes
o. 7 days, not a day more
u. 30 days, not a day more
With the resource play renaissance in the U.S., we see dramatic oil production growth from multiple basins onshore. This has huge implications on the midstream and the downstream, as producers continue to find creative ways of selling products into the better markets.
We visited a number of pure plays in Houston, focusing on marketing challenges: Oasis Petroleum (ticker: OAS) for the Williston Basin Bakken, Rosetta Resources (ROSE) for the Eagle Ford, Magnum Hunter Resources (MHR) for the Utica and Marcellus, and Energy XXI (EXXI) for the offshore Gulf Coast.
We also saw Kirby (KEX) and Oiltanking Partners (OILT); in our view, both have much to gain from this massive transformation of our crude oil transportation complex in the U.S.
Here are the highlights:
We started the day at Oiltanking Partners' facility. The company has strategic waterfront assets and dock capacity, a crude-by-rail terminal, and is connected with 18 refineries, storage, and production facilities -- all movers and shakers in this space. The company is expanding its footprint and will have 25 million barrels of storage capacity by year-end 2014.
Kirby primarily transports petrochemicals, black oil products, and refined petroleum products. Kirby benefits from inland and coastal transportation demand, moving Canadian and Bakken crude from the Midwest and the Gulf Coast as well as moving Eagle Ford products along the Gulf Coast.
Currently, more than 60% of Williston basin oil is transported by rail while only 33% is transported by pipeline. For Oasis in particular, about 80% of its operated volumes are transported by rail to take advantage of the pricing. Currently, the majority of Oasis' operated volumes go to the Gulf Coast and the East Coast. The company's strong price realization combined with disciplined well cost reduction has led to stronger and stronger margins
U.S. hedge fund managers looked to banks in 2nd quarter
Wed Aug 15, 2012 4:41am IST
BlueMountain Capital initiated a new position in Citi, roughly 623,000 shares, and increased its stake in Flagstar Bancorp by 250,000 shares. It owned 233,505 shares of JPMorgan Chase & Co (JPM.N) at the end of the second quarter, up from 80,910 shares.
Flagstar Bank to Add 250 New Jobs, Office Space in Troy
Updated: Thursday, 08 Mar 2012, 1:53 PM EST
Published : Thursday, 08 Mar 2012, 1:47 PM EST
Cantor Fitzgerald Upgrades Flagstar Bancorp (FBC) to Buy; Upbeat Management Visit + Encouraging 3Q:11 Results
November 16, 2011 8:00 AM EST
Cantor Fitzgerald upgraded Flagstar Bancorp (NYSE: FBC) to Buy, price target raised from $1.10 to $1.50.
Cantor analyst says, "In September, we spent a full day with Flagstar senior management and had some very positive takeaways. Based on those takeaways and on confirming 3Q:11 earnings, we are upgrading Flagstar."
For an analyst ratings summary and ratings history on Flagstar Bancorp click here. For more ratings news on Flagstar Bancorp click here.
Shares of Flagstar Bancorp closed at $0.67 yesterday, with a 52 week range of $0.45-$1.90.
Inventec, Flextronics reportedly considering merger, but both companies refute rumor
Yen-Shyang Hwang, Taipei; Joseph Tsai, DIGITIMES [Tuesday 21 September 2010]
Both Inventec and Flextronics have refuted market rumors that the two are in talks for a merger stating that the rumors are purely market speculation.
Inventec, the fourth largest notebook maker worldwide, is facing fierce competition in the notebook market and may see its market share and profit drop, so the company's executives reportedly already held several meetings with their counterparts from Flextronics and are seeking possibilities for cooperation or even a merger in order to get out of their current plight in the market, according to sources familiar with the notebook industry.
The sources pointed out that Flextronics bought Arima Computer in 2007, but the company currently is still focusing on electronic manufacturing service (EMS) because of its poor R&D. In addition, Inventec previously bought Arima's plants in Taoyuan, Taiwan to establish its cloud computing technology R&D center, and has invested in Arima Communication, a subsidiary of Arima Group. So executives in both companies have a close relationship which connects the dots between Inventec and Flextronics.
Inventec may see its notebook shipments drop to 17-18 million in 2010 from 22 million in 2009, and while Flextronics is seeing improvement in landing orders, it still does not play a key role in the supply chain. Therefore cooperation between the two should help deliver 25-30 million notebooks a year.
However, some notebook players believe Flextronics is unlikely to merge with a company with such a large scale as Inventec, which currently has a market value of over NT$48 billion (US$1.52 billion), much more than the NT$6.3 billion of Arima Computer. Meanwhile, questions such as how to merge Inventec's plants in China as well as business culture are also expected to become problems.