When the original estimates for capital expenditures for 2013 came out, it looked as though oil services might be the place to be. Based on the recent earnings release from Nabors Industries (NYSE: NBR ) , though, you might think otherwise. Here's the problem: Nabors is stuck between two emerging trends that could put a big squeeze on the rig company. Let's look at these two trends and Nabors' one hope for a better future.
Not everybody wins with greater efficiency
In�comparison with the rest of the oil and gas industry, horizontal drilling and hydraulic fracturing are still very young technologies. As exploration and production companies have�become�more�familiar�with the processes, they have also been able to eke out more�efficient�drilling. One major revolution that has brought along big savings is the concept of pad drilling, or drilling multiple wells within a couple of feet of each other to tap different parts of the oil formation below. Thanks to these gains in efficiency, companies have been able to drill more wells while using less drilling rigs.
Hot Healthcare Equipment Stocks To Watch Right Now: Eaton Vance Senior Floating-Rate Trust (EFR)
Eaton Vance Senior Floating-Rate Trust (the Fund) is a closed-end management investment company. The Fund�� investment objective is to provide a high level of current income and preservation of capital by investing primarily in senior, secured floating rate loans (Senior Loans). Eaton Vance Senior Floating-Rate Trust invests in various industries, including healthcare, publishing, cable and satellite television, chemicals and plastics, and business equipment and services.
The Fund invests at least 80% of its total assets in Senior Loans. The Fund may also invest in second lien loans and high yield bonds. Eaton Vance Management serves as the investment advisor of the Fund.
Advisors' Opinion:- [By John Dowdee]
The following 10 funds satisfied all of these conditions:
BlackRock Float Rate Strategies (FRA). This CEF sells at a discount of 3%, which is low compared to an average premium of 2% over the past year. The distribution has been managed at 6.1% and a small amount (less than 10%) has been return of capital (ROC). However, this has not negatively affected net asset value (NAV) so has not been destructive. The fund holds 447 securities, with 90% in floating rate loans. FRA utilizes 27% leverage and has an expense ratio of 1.7%, including interest payments. Eaton Vance Floating Rate (EFR). This CEF sells at a 1% premium, which is low compared to an average premium of 5% over the past year. The distribution is 6.2%, none of which was ROC. The fund holds 800 securities, with 90% in floating rate loans. About 85% of the securities are from U.S. companies. EFR utilizes 35% leverage and has an expense ratio of 1.8% including interest payments. ING Prime Rate Trust (PPR). This CEF sells for a premium of 2%, which is below the average premium of 5%. It has a distribution of 6.8%, none of which was ROC. The fund has 350 holdings, virtually all in senior loans and from US companies. PPR utilizes 29% leverage and has a high expense ratio of 2.1%, including interest payments. Invesco VK Dynamic Credit Opportunities (VTA). This CEF sells for a discount of 5%, which is below the average discount of 1%. It has a distribution of 7.1%, none of which was ROC. The fund has 495 holdings, with 76% in floating rate loans. About 25% of the loans are from non-US companies. VTA utilizes a relatively low 20% leverage but still has a high expense ratio of 2.1%, including interest payments. Invesco VK Senior Income (VVR). This CEF sells for a discount of 1%, which is below the average premium of 3%. It has a distribution of 7.1%, none of which was ROC. The fund has over 500 holdings, with 89% in floating rate loans. Almost all (95%) securities are from US companies. VVR ut
Hot Oil Service Companies To Invest In 2014: Regis Corporation(RGS)
Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, the United Kingdom, Canada, Puerto Rico, and internationally. It offers haircutting and styling, including shampooing and conditioning; hair coloring; and waving to men, women, and children. The company also owns and operates hair restoration centers, which provide hair systems, hair transplants, and hair therapy services, as well as hair care products. Its salons operate primarily under the Regis Salons, MasterCuts, SmartStyle, Supercuts, Cost Cutters, Sassoon, Promenade salons, Hair Masters, First Choice Haircutters, Magicuts, and Hair Club trade names in regional shopping malls, strip centers, lifestyle centers, Wal-Mart supercenters, department stores, mass merchants, and high-street locations. As of June 30, 2011, the company owned, franchised, or held ownership interests in approximately 12,700 locations. Regis Corporation was founded in 1922 and is headquartered i n Edina, Minnesota.
Advisors' Opinion:- [By Jake L'Ecuyer]
Regis (NYSE: RGS) shares tumbled 9.13 percent to $12.20 after the company reported downbeat Q2 results.
Idenix Pharmaceuticals (NASDAQ: IDIX) was down, falling 9.45 percent to $6.61 after JMP Securities downgraded the stock from Market Perform to Market Underperform.
- [By CRWE]
Regis Corporation (NYSE:RGS), the global leader in the $160 billion hair care industry, reportedthat it has revised its conference call time on Thursday October 25, 2012. The call will now begin at 4:00pm Central Time. The Company�� financial results for the quarter will be released after the close of the financial markets that day.
Hot Oil Service Companies To Invest In 2014: ATMI Inc.(ATMI)
ATMI, Inc. supplies high performance materials, materials packaging, and materials delivery systems for use in the manufacture of microelectronics devices worldwide. The company primarily offers front-end semiconductor performance materials; sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment; and high-purity materials packaging and dispensing systems that allow for the reliable introduction of low volatility liquids and solids to microelectronics and biopharmaceutical processes. It also provides containment, mixing, and bioreactor technologies to the biotechnology, laboratory, and cell therapy markets. The company serves semiconductor and flat-panel display manufacturers, as well as the life sciences industry. It has strategic alliances with Enthone, Inc. and Lake LED Materials, Co., Ltd. The company was founded in 1986 and is headquartered in Danbury, Connecticut.
Advisors' Opinion:- [By Vanina Egea]
ATMI Inc. (ATMI)
Gabelli reported a stake of 1,193,900 shares of ATMI Inc., sized at 0.22% of his portfolio, and 3.75% of the company. It has a market cap of $1.08 billion; its shares are trading at $34.04 with a P/E ratio of 28.6 and P/S ratio of 2.77.
Hot Oil Service Companies To Invest In 2014: Eaton Vance Municipal Bond Fund (EIM)
Eaton Vance Insured Municipal Bond (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to provide current income exempt from federal income tax, including alternative minimum tax. Eaton Vance Insured Municipal Bond primarily invests in high-grade municipal obligations that are insured as to the timely payment of principal and interest.
The Fund invests primarily in bonds with stated maturities of 10 years or longer. The Fund's portfolio includes tax-exempt investments. Eaton Vance Management acts as the Fund's investment advisor and administrator. Investors Bank & Trust Company serves as the custodian of the Fund.
Advisors' Opinion:- [By Robert Abbott]
OpenText is a software company that operates in the field of Enterprise Information Management (EIM). Think of EIM as a catch-all category for companies that provide various kinds of infrastructure for business information, data, and tools.
Hot Oil Service Companies To Invest In 2014: Titan Pharmaceuticals Inc (TTNP.OB)
Titan Pharmaceuticals, Inc., incorporated in February 1992, is a biopharmaceutical company developing therapeutics primarily for the treatment of central nervous system (CNS) disorders. The Company is focused primarily on clinical development of products that include Probuphine for the treatment of opioid addiction; Iloperidone: for the treatment of schizophrenia and related psychotic disorders, and Spheramine for the treatment of advanced Parkinson�� disease. Titan Pharmaceuticals is directly developing its product candidates and also utilizing corporate partnerships, including a collaboration with Bayer Schering Pharma AG, Germany (Bayer Schering) for the development of Spheramine to treat Parkinson�� disease, and Vanda Pharmaceuticals, Inc. (Vanda) for the development of iloperidone for the treatment of schizophrenia and related psychotic disorders.
Probuphine
Probuphine is the first product to utilize the Company�� ProNeura long-ter m drug delivery technology. Probuphine is designed to provide continuous, long-term therapeutic levels of the drug buprenorphine, an approved agent for the treatment of opioid addiction. In December 2007, the Company completed enrollment in a randomized, double-blind, placebo-controlled, multi-center Phase III clinical study of Probuphine in the treatment of opioid addiction. This 150 patient study, which is being conducted in the United States, will evaluate the safety and effectiveness of treatment with Probuphine versus placebo in reducing opioid addiction over 24 weeks of treatment. This study is part of a registration directed program intended to obtain marketing approval of Probuphine for the treatment of opioid addiction in Europe and the United States.
Iloperidone
Iloperidone was evaluated in a Phase III program comprising over 3,500 patients at more than 200 sites in 24 countries, administered and funded by Novartis Pharma AG (Novartis). In three completed efficacy studies conducted by Novartis, ! i! loperidone statistically reduced the symptoms of schizophrenia compared to placebo. Iloperidone has also been investigated in three 12-month safety studies, which confirm safety and tolerability. A dose dependent increase in the Q-T Corrected (QTc) interval was observed and investigated further in a clinical study, and no clinically significant adverse events were observed. In September 2007, Vanda submitted a new drug application (NDA) with the United States Food and Drug Administration (FDA) for iloperidone. The NDA for iloperidone was officially accepted for review by the FDA in November 2007.
Spheramine
Spheramine is a cell-based therapeutic that utilizes the Company�� cell-coated microcarrier (CCM) technology, which enables the development of cell-based therapies for minimally invasive, site-specific delivery to the central nervous system of therapeutic factors precisely where they are needed. Spheramine consists of microcarriers coated wit h human retinal pigment epithelial cells that are intended to enhance brain levels of dopamine, a neurotransmitter deficient in certain brain regions in Parkinson�� disease, leading to movement disorders. Preclinical studies have demonstrated the preliminary efficacy and safety of Spheramine, including blinded studies in a primate model of Parkinson�� disease. In June 2007, enrollment was completed in a current multi-center, randomized, double-blind, placebo-controlled clinical trial of Spheramine in Parkinson�� disease. This Phase IIb clinical study enrolled 71 patients with advanced Parkinson�� disease (Hoehn and Yahr Stages III and IV) to further evaluate the efficacy, safety, and tolerability of Spheramine.
Bayer Schering, the Company�� corporate partner for worldwide development and commercialization of Spheramine, is funding the clinical development program for Spheramine. Under an agreement, Bayer Schering has received exclusive, worldwide deve lopment, manufacturing and commercialization rights, an! d, in! ad! dition! to the clinical and manufacturing development funding and milestone payments, Bayer Schering will pay Titan Pharmaceuticals a royalty on future product sales.
Advisors' Opinion:- [By C.R. Jackson]
Fanapt was discovered by Hoechst Marion Roussel in 1995 as a novel atypical antipsychotic agent. Hoechst was a German life-sciences company that became Aventis Deutschland after its merger with France's Rhône-Poulenc in 1999. When the company joined with Sanofi-Synthélabo in 2004, it became a subsidiary of the Sanofi-Aventis (SNY) the French pharmaceutical conglomerate. In 1997, Hoechst sold the research rights to Titan Pharmaceuticals (TTNP.OB). Then Titan quickly sold the worldwide rights to Novartis in 1998. Novartis then sold the Phase 3 development rights for loperidone to Vanda in 2004. Vanda originally attempted to get FDA approval for Fanapt in 2008, but the FDA refused to approve iloperidone. The agency required an additional clinical trial.
Hot Oil Service Companies To Invest In 2014: BRE Properties Inc (BRE)
BRE Properties, Inc. (BRE), incorporated in 1970, is a self-administered equity real estate investment trust (REIT) focused on the development, acquisition and management of multifamily apartment communities primarily located in the metropolitan markets within the State of California, and the Seattle, Washington region. BRE also owns and operates communities in the Phoenix, Arizona and in the Denver, Colorado metropolitan markets. As of December 31, 2011, its multifamily portfolio had real estate assets, which included 76 wholly or majority owned stabilized multifamily communities, aggregating 21,336 units in California, Washington and Arizona; 11 stabilized multifamily communities owned through joint ventures comprised of 3,592 apartment units; and seven apartment communities in various stages of construction and development. In October 2013, the Company acquired Jefferson at Hollywood.
During the year ended December 31, 2011, BRE acquired three communities totaling 652 units: Lafayette Highlands, with 150 units, located in Lafayette, California; The Landing at Jack London Square, with 282 units, located in Oakland, California, and The Vistas of West Hills, with 220 units, located in Valencia, California. In addition to the communities, the Company acquired two parcels of land for future development in San Francisco, California�� Mission Bay district, and it purchased a 4.4 acre site contiguous to its existing Park Viridian operating community and its existing second phase land site in Anaheim, California. As of December 31, 2011, BRE had seven sites under development or construction.
During 2011, the Company sold two communities totaling 634 units: Galleria at Towngate, with 268 units located in Moreno Valley, California; and Windrush Village, a 366 unit property located in Colton, California. The two properties sold were located in the eastern half of the Inland Empire. In addition, during 2011, two joint venture assets were sold; The Landing at Bear Creek, a 224 unit j! oint venture community, located in Lakewood, Colorado; and The Pinnacle at Hunters Glen, a 264 unit joint venture community located in Thornton, Colorado.
Advisors' Opinion:- [By Jake L'Ecuyer]
BRE Properties (NYSE: BRE) was also up, gaining 11.79 percent to $59.66 after Bloomberg reported that the company is working with Wells Fargo on a possible sale.
- [By Jayson Derrick]
Shares of BRE Properties Inc. (NYSE: BRE) jumped to new 52 week highs of $61.50, immediately following a Bloomberg report that the company is working with investment bankers at Wells Fargo (NYSE: WFC) for a possible sale of the company.
- [By Jayson Derrick]
Owners of BRE Properties (NYSE: BRE) will receive $12.33 in cash and 0.2971 shares of newly created Essex common stock following Essex Property Trust's (NYSE: ESS) acquisition. Shares of Essex lost 3.31 percent, closing at $142.81.
- [By Michael Flannelly]
Real estate investment trust BRE Properties Inc (BRE) was downgraded by analysts at Goldman Sachs on Tuesday due to a number of risks.
The analysts downgraded BRE from “Neutral” to “Sell” and now see shares reaching $44, down from $50. This new price target suggests a 13% downside to the stock’s Monday closing price of $50.72.
Goldman Sachs cited two factors for the downgrade. For one, there is development funding risk due to the development size. Also, the analysts downgraded the stock due to its current valuation.
“BRE has one of the largest development pipelines under our apartment coverage at 23% of market cap, where 7.5% of market cap remains to be funded,” the analyst notes. “These funding needs would increase if the company commences construction on Pleasanton in 2014, as management noted on the company�� 2Q13 earnings call.”
BRE Properties shares were inactive during pre-market trading on Tuesday. The stock is down a fraction year-to-date.
Hot Oil Service Companies To Invest In 2014: Procera Networks Inc (PKT)
Procera Networks, Inc. (Procera), incorporated in 2002, is a provider of intelligent policy enforcement (IPE) solutions that enables mobile and broadband network operators and entities managing private networks, including higher education institutions, businesses and government entities to gain control of their networks. The Company's products are marketed under the PacketLogic brand name. The Company sells its products through its direct sales force, resellers, distributors and systems integrators in the Americas, Asia Pacific and Europe. The Company�� three product lines include PacketLogic Subscriber Manager (PSM), PacketLogic Intelligence Center (PIC) and PacketLogic Real-Time Enforcement Platform (PRE). As of December 31, 2011, the Company had over 600 customers throughout North America, Europe and Asia. The Company's customers are mobile and broadband network operators. Broadband network operators include cable multiple system operators (MSOs), telecommunications companies, Internet service providers (ISPs) and private network operators.
The Company's IPE solution�� foundational element is its datastream recognition definition language (DRDL), DPI technology. DRDL facilitates a range of criteria to properly identify the application of each individual datastream. As of December 31, 2011, the DRDL database consisted of over 2,000 signatures. DRDL interconnects control and data sessions of protocols like file transfer protocol (FTP).The standard-syntax language of DRDL enables development of new signatures.
The Company delivers IPE solutions for networks operators, leveraging its DRDL DPI technology. The Company's IPE solutions support deep levels of awareness and a broad universe of applications, enabling richer services to be offered to consumers. The Company's analytics provide relevant business intelligence reports that enable broadband and mobile operators to understand consumer trends and respond to the dynamic application landscape.
The PSM integra! tes PacketLogic with network management and operation systems, including AAA, OSS, BSS, provisioning and policy managers. This integration enables policy enforcement, per-user tracking, also known as user awareness, as well as knowledge of where in the network the user connects (location awareness). It can also control roaming costs through automatic policy enforcement.
The PIC, with PacketLogic Report Studio provides the visualization of the application and subscriber intelligence gathered by deployed PacketLogic systems. Leveraging the subscriber and location awareness provided by the PSM and the application intelligence provided by the PRE, the PIC is able to present information to the network operator based on the behavior of their network. The intelligence can be presented in a multi-dimensional format, with per user, application, location, and device views available for business intelligence and planning. The PIC gives network managers access to relevant network traffic intelligence that enables network optimization, creation of appealing services and protection against malicious behavior.
The PRE utilize multiple hardware platforms that run the same operating software. It offers platforms through the different PacketLogic software modules: LiveView, Filtering, Traffic Shaping, and Statistics. The PacketLogic hardware platforms offer a range of configurations from the entry-level four mega bytes per second (Mbps) PL5600 through two giga bytes per second (Gbps) PL7720. The mid-range PL8720 is a 2RU unit with up to 10 Gbps throughput.
The Company competes with Allot Communications Ltd., Arbor Networks, Blue Coat Systems, Cisco Systems, Inc., Cloudshield Technologies, Sandvine Corporation, Alcatel-Lucent, Ericsson, Juniper Networks, Brocade Communications Systems, Huawei Technologies Company and Nokia Siemens.
Advisors' Opinion:- [By Monica Gerson]
Breaking news
Starwood Hotels & Resorts Worldwide (NYSE: HOT) reported a gain in its third-quarter core earnings and lifted its full-year earnings forecast. To read the full news, click here. Procera Networks (NASDAQ: PKT) and Skyfire, a fully-owned subsidiary of Opera Software, today announced a joint solution and partnership to tackle the rapid growth of video traffic on global mobile networks, based on an open, scalable ICAP architecture. To read the full news, click here. R. R. Donnelley & Sons Company (NASDAQ: RRD) and Consolidated Graphics (NYSE: CGX) jointly announced today that they have signed a definitive agreement by which RR Donnelley will acquire Consolidated Graphics, a provider of digital and commercial printing, fulfillment services, print management and proprietary Internet-based technology solutions. To read the full news, click here. Dunkin' Brands Group (NASDAQ: DNKN) reported a 36% rise in its third-quarter income. To read the full news, click here.Posted-In: Jobless Claims JP Morgan US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets
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