National Oilwell CTO Hege Kverneland retires, David Reid to succeed » 18:1004/0904/09/20
National Oilwell Varco…
National Oilwell Varco announced the retirement of Hege Kverneland, the company's Corporate Vice President and Chief Technology Officer, effective April 17. David Reid has been named as Kverneland's successor. As Chief Marketing Officer, Reid has been charged with developing the market and strategic engine of NOV across regional operations and business segments. Reid joined Varco International in 1992, and has lived in Scotland, California and Houston while working worldwide in roles covering business development, product development, leadership, and management.
Noble Corp. withdraws FY20 guidance » 17:3804/0904/09/20
The company expects that…
Nabors receives delisting notice form NYSE » 16:5404/0904/09/20
Heavy put buying in NatGas servicer ONEOK » 15:3004/0904/09/20
Heavy put buying in…
Heavy put buying in NatGas servicer ONEOK. Shares up 95c, or 3.6%, this afternoon near $27.40 with 12k puts trading by 3pm ET, vs 3400 calls, and activity concenrated in the July term. Early flow hit this morning when shares were $29 and a buyer paid from $5 to 5.20 for nearly 5K July 27.5 puts, opening, with a similar block later in the day when nearly 5k July 25 puts were bought from 4.70 to 4.80 as shares traded 27.40, also opening. Total put volume near 12k contracts is 4x avg for the name.
Baker Hughes reports U.S. rig count down 62 to 602 rigs » 13:2604/0904/09/20
Baker Hughes reports that…
Baker Hughes reports that U.S. Rig Count is down 62 rigs from last week to 602, with oil rigs down 58 to 504, gas rigs down 4 to 96, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 420 rigs from last year's count of 1,022, with oil rigs down 329, gas rigs down 93, and miscellaneous rigs up 2 to 2. The U.S. Offshore Rig Count is unchanged at 18 and down 5 year-over-year. The Canada Rig Count is down 6 rigs from last week to 35, with oil rigs down 3 to 6 and gas rigs down 3 to 29. The Canada Rig Count is down 31 rigs from last year's count of 66, with oil rigs down 12 and gas rigs down 19.
Delek US says Spiegel to assume CFO role following departure of Ginzburg » 13:2004/0904/09/20
Delek US Holdings (DK)…
Delek US Holdings (DK) and Delek Logistics Partners (DKL) announced organizational and management changes along with appointment of a new CFO. Reuven Spiegel will be appointed EVP and assume the role of CFO following the departure of Assi Ginzburg in May. Spiegel will maintain his position on the Board of DKL and Assi Ginzburg will assist in transitioning responsibilities to Spiegel through first quarter results, the company said. Avigal Soreq will assume the role of EVP and Chief Operating Officer of DK and DKL. Soreq will maintain responsibility of the commercial group, while also overseeing economics and planning and DKL operations, the company noted.
Saudi Arabia, Russia reach deal on deep oil output cuts, Reuters reports » 10:3604/0904/09/20
BP, COP, TOT, XOM, CVX, RDS.A
Saudi Arabia and Russia…
Early notable gainers among liquid option names on April 9th » 09:5504/0904/09/20
APA, MAC, MUR, RCL, KSS
Notable gainers among…
Notable gainers among liquid option names this morning include Apache (APA) $9.62 +2.04, Macerich (MAC) $10.11 +1.99, Murphy Oil (MUR) $8.87 +1.54, Royal Caribbean (RCL) $44.09 +6.53, and Kohl's (KSS) $20.46 +2.94.
Diamondback Energy price target lowered to $40 from $55 at SunTrust » 09:4304/0904/09/20
SunTrust analyst Neal…
SunTrust analyst Neal Dingmann lowered the firm's price target on Diamondback Energy to $40 from $55 and keeps a Hold rating on the shares. The analyst notes that he is cautious on the "tumultuous" oil market that is still pricing in oil below $36 per barrel even 12 months out, even though he urges investors not to lose focus on the company's "full cycle returns" as the management takes "appropriate financial and operational steps".
Unusually active option classes on open April 9th » 09:4004/0904/09/20
OIH, MFA, APA, NRZ, MRO, SQ, NLY, COST, OXY, TNA
Unusual total active…
Unusual total active option classes on open include: Market Vectors Oil Services (OIH), MFA Financial (MFA), Apache (APA), New Residential (NRZ), Marathon Oil (MRO), Square (SQ), Annaly Capital (NLY), Costco (COST), Occidental Petroleum (OXY), and Direxion Daily Smal Cap Bull 3X Shares (TNA).