3 Oil and Gas Stocks in Focus: BP, HAL, RIG

Good Morning! Take a look at some oil and gas plays making headlines. BP plc (ADR) ( NYSE: BP ) is the third largest oil and gas company and fourth largest company in the world by revenues. Headquartered in London, the company is vertically integrated and is working in area like exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. The company has operations in more than 80 countries with the production capacity of 3.8 million barrels of oil per day. BP stock is currently trading at $46.43. The stock has marginally advanced after the report release of President Barack Obama's spill commission which says that the company was not solely responsible for the leak in Gulf of Mexico. The disaster was caused by bad decision by the main contractors of BP, Halliburton Co and Transocean Ltd, which was aggravated by lack of government intervention. Halliburton Company ( NYSE:HAL ) is the world's second largest oilfield exploration company with interests in exploration, development, and production of oil and natural gas. The Company which was founded in 1919 is one of the world's largest providers of service in the energy industry. The company has more than 55,000 employees across 70 countries in the world. The Company which has its headquarter in Houston, Texas has a revenue of $14.7 billion with Drilling contributing $7.25 billion and Completion contributing $7.4billion. The stock of the company is currently trading at $39.42. The Company stock is going through a rough patch after it was reported that the company has agreed to pay $35 million to the Nigerian government for settlement of bribery allegations related to the construction and expansion of its Bonny Island natural-gas liquefaction facility. Transocean LTD ( NYSE:RIG ) is the world's largest offshore drilling contractor for oil and gas wells. The company employs over 25,000 people worldwide and has ownership interest in about 138 mobile offshore drilling units, and three ultra-deepwater units are under construction.  The company operates in two segments: contract drilling services and other operations.  The company rents its floating mobile drill rigs along with equipments and personnel for operations at an average daily rate of US$142,000. The company is based in Vernier, Switzerland, near Geneva, and it has offices in 20 countries.  Recently the Administrating Court of Zug rejected the company's appeal against the decree of the Commercial Register of the Canton of Zug to not register the first installment of the approximately $1 billion cash distribution approved by shareholders. The Company's stock has been on upstream as the Company was condemned by the Obama government for the Oil spill and has been criticized by the government on failure of management. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell BP, HAL and RIG at any time after this post.
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