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United Continental (UAL) Stock Gains on Positive Coverage Initiation

2015-06-24 11:28:41| Airlines - Topix.net

Lalwani initiated coverage on the stock with an overweight rating and $86 price target while calling the airline the best value play in the industry. According to Lalwani, United Continental is the "most levered to the cycle given high operating leverage, while also providing the highest free cash flow per share yield in the group at ~18% our 2016e."

Tags: united stock positive coverage

Petrofac wins $400m worth contracts on UK Continental Shelf

2015-06-22 01:00:00| Offshore Technology

Petrofac's offshore projects unit has secured contract renewals worth $400m on the UK Continental Shelf (UKCS) for operations and maintenance work.

Tags: worth contracts continental wins

Wintershall to sell oil fields on Norwegian Continental Shelf to Tellus for $602m

2015-06-19 01:00:00| Offshore Technology

Wintershall is to sell its assets in four non-operated offshore fields on the Norwegian Continental Shelf to Sequa Petroleum's wholly owned subsidiary Tellus Petroleum, in a deal worth $602m.

Tags: sell fields oil continental