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Martin Huseby Karlsen
  • Martin Huseby Karlsen

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Petrobras FPSO delays may hit service volumes but lengthen cycle

Being the largest global consumer of deepwater oil services, Petrobras’ strategic plans tend to get investor attention. On the positive side, its latest 5-year plan sees 5% higher E&P spending than the previous one, and has a more stable phasing between the years, which is supportive for the cycle duration. However, several FPSOs are facing significant delays, which is on the downside for oil services, leading to delays for deepwater oilfield services (primarily drilling and subsea), likely resu...

 PRESS RELEASE

Verizon announces accepted amounts and pricing terms of its tender off...

Verizon announces accepted amounts and pricing terms of its tender offers for six series of debt securities NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced the accepted amounts as of the Original Early Participation Date (as defined in the Early Results Press Release (as defined below)) and pricing terms of its previously announced six separate offers to purchase for cash, the outstanding series of debt securities (each a “Security” and collectively, the “Securities”) listed in the table below, on the terms and subject...

 PRESS RELEASE

Verizon announces early results for tender offers for six series of de...

Verizon announces early results for tender offers for six series of debt securities and extension of early participation date NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced, in connection with Verizon’s previously announced Offers (as defined below) to purchase its outstanding Securities (as defined below) on the terms and subject to the conditions set forth in the offer to purchase dated November 7, 2024 (the “Offer to Purchase”): (1) the early participation results for the Offers as of 5:00 p.m. (Eastern time) on No...

 PRESS RELEASE

Verizon offers relief to customers impacted by the major Pacific North...

Verizon offers relief to customers impacted by the major Pacific Northwest storm Call/Text/Data usage incurred by customers in Washington’s hardest hit counties will be waived from Nov. 21-Nov. 27 What you need to know: Verizon is waiving domestic call/text/data usage incurred Nov. 21 - Nov. 27 for prepaid and postpaid consumer and small business customers* in King, Skagit and Snohomish counties IRVINE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- In response to the powerful storm that caused power outages and damage across Washington, Verizon is waiving prepaid and postpaid call/text/da...

 PRESS RELEASE

Verizon brings more joy and less stress to your holiday shopping exper...

Verizon brings more joy and less stress to your holiday shopping experience GenAI-powered tools and customer-friendly services make holiday shopping effortless NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon is taking some of the pressure off of the holidays this year. With GenAI tools and more customer-friendly services, we're making your shopping experience more personalized and easier than ever, so you can spend less time stressing and more time celebrating. Here’s how: A Verizon retail store in your pocketThe new and improved puts an entire Verizon retail store in your pocke...

 PRESS RELEASE

Verizon Business secures new 5-year agreement with the U.S. Department...

Verizon Business secures new 5-year agreement with the U.S. Department of Agriculture (USDA) Award funded at $21 million in the first year WASHINGTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon Business has been awarded a new agreement with the United States Department of Agriculture (USDA), valued at over $21 million in the first year. The agreement will enable the USDA to enhance its connectivity capabilities across the nation, supporting over 60,000 lines of service. Verizon will deliver wireless services and service enabled devices. The contract also creates the potential for mobi...

 PRESS RELEASE

Verizon deploys first-ever interoperable multi-vendor O-RAN DAS system

Verizon deploys first-ever interoperable multi-vendor O-RAN DAS system AUSTIN. Texas, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon, a global leader in driving virtualized and Open Radio Access Network (O-RAN) technologies, has deployed Open RAN (O-RAN) based Distributed Antenna Systems (DAS) systems with multiple vendor interoperability at The University of Texas Moody Center and the Austin Convention Center. These are the first DAS systems commercially deployed in the Verizon network using O-RAN interfaces between the various components of the cellular Radio Access Network from different ve...

United States Steel Corporation: Update to credit considerations

Our credit view of this issuer reflects its high cash balance and very good liquidity, offset by its high variability in its operating results due.

 PRESS RELEASE

Verizon announces Dejero as latest “Verizon Frontline Verified” partne...

Verizon announces Dejero as latest “Verizon Frontline Verified” partner BASKING RIDGE, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced as the latest partner to earn “Verizon Frontline Verified” status. Dejero manufactures GateWay network aggregation devices that deliver high-quality live video and real-time data over IP. Dejero joins Panorama Antennas in meeting the high standards required to become “.” “This is yet another milestone for Dejero that will positively impact our emergency response communities,” said Jehan Karim, Dejero global director of busi...

 PRESS RELEASE

Verizon statement on naming of Brendan Carr as FCC Chairman

Verizon statement on naming of Brendan Carr as FCC Chairman NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The following should be attributed to Hans Vestberg, Verizon, chairman and CEO: Verizon congratulates FCC Commissioner Brendan Carr on being named the next Chairman of the Federal Communications Commission. Commissioner Carr has been a champion for policy approaches that unleash robust investment and deployment in next-generation broadband networks that benefit all Americans. During his years on the FCC, Commissioner Carr has shown that he understands how policies and regulations affe...

Blair Levin
  • Blair Levin

NSR Policy: Trump Designates Carr as FCC Chair

Last night, President-elect Trump designated Commissioner Brendan Carr to be the next Chairman of the FCC. Carr has long been seen as the favorite for the spot. In this note we review what we wrote a year ago what Carr intended to do if appointed Chair and what has changed in the last year, including the increased influence of Elon Musk and Robert Kennedy Jr. (RFK) on Trump Administration policies that might cause internal tensions within Trump circles as well as Trump’s desire to use the FCC to...

 PRESS RELEASE

Verizon to speak at Morgan Stanley European TMT Conference November 21

Verizon to speak at Morgan Stanley European TMT Conference November 21 NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer for Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley European Technology, Media and Telecom Conference on Thursday, November 21, at 2:05 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on thei...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

Verizon Connect report highlights fleet tech adoption, ROI gains, and ...

Verizon Connect report highlights fleet tech adoption, ROI gains, and safety improvements What you need to know: For five consecutive years, at least four out of five respondents have reported using at least one form of fleet technology.Fleet technology is making significant strides in reducing costs, enhancing operational efficiency, and improving safety.Fleet management software is evolving to meet emerging challenges, including sustainability and electrification. NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Connect today released its fifth annual , conducted in partnership...

Alicia Reese ... (+4)
  • Alicia Reese
  • Kade Barr
  • Michael Pachter
  • Scott Devitt
 PRESS RELEASE

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock. This press release features multimedia. View the full release here: Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on Dec. 16, 2024, to holders of re...

JPMorgan Chase & Co.: Update to credit analysis following change in ou...

Our credit view of this issuer reflects its bolstered capital ratios in anticipation of regulatory changes, offset by its large absolute size of the bank's capital markets activities.

Alicia Reese ... (+12)
  • Alicia Reese
  • Antoine Legault
  • Daniel Ives
  • John Katsingris
  • Kade Barr
  • Matthew Bryson
  • Matthew Weiss
  • Michael Gerbino
  • Michael Pachter
  • Sam Brandeis
  • Scott Devitt
  • Steven Wahrhaftig
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