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Tag: downturn
Transocean Will Emerge Stronger From The Downturn
2015-11-25 03:01:07| Oil & Gas - Topix.net
Oil prices have had a difficult time recently. Over the past year, oil prices have crashed by more than 60% from highs of over $100 to recent lows of just under $40.
Tags: stronger
emerge
downturn
transocean
Oil Tycoon Pickens' Holdings Shrink in Prolonged Downturn
2015-11-17 18:48:13| Oil & Gas - Topix.net
The value of energy stocks held by his Dallas-based TBP Investments Management LLC fell by more than half in the quarter to $35.6 million, according to data compiled by Bloomberg. TBP exited stakes in 13 companies, including smaller oilfield contractors Pioneer Energy Services Corp., C&J Energy Services Ltd. and Patterson-UTI Energy Inc. Many of the positions Pickens sold were stakes he had bought in the second quarter.
Tags: oil
holdings
prolonged
shrink
Billionaire Pickens Energy Fund Loses Half Its Value in Downturn
2015-11-17 14:28:32| Energy - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Billionaire investor T. Boone Pickens reversed course in the third quarter by slimming down his energy holdings as the worst oil market downturn in decades drags on longer than many expected.
Exxon Mobil taking downturn in stride
2015-11-11 21:42:57| Chemicals - Topix.net
The oil market collapse, which has claimed thousands of Houston jobs and devastated the city's petroleum industry, is practically a comfort zone for Exxon Mobil Corp. So far, the giant oil company based in the Dallas suburb of Irving has escaped the worst of the downturn, watching from behind a fortress of cash as its rivals scrap major drilling projects and cut deep into budgets and payrolls. But it isn't corporate voodoo that has kept Exxon Mobil levitating above all of that.
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mobil
exxon
stride
Trade Downturn Amplifies Deere's Despair
2015-10-23 19:27:04| Industrial Machines - Topix.net
One of the hallmarks of the latest global economic environment is the continued shrinkage of international trade and slowing velocity of commerce, especially as deflation clings to commodities. American industrial giant Deere & Co.
Tags: trade
despair
downturn
deeres
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