Moved Below Lower Price Channel – NBR, NCT, NE, NFG, NFJ

by Melanie Francine Santos on October 2, 2011

NBR fell -6.48%, to close at $12.26 and its overall traded volume was 11.75M shares in the last trading session. NBR opened the day at $12.69, it made an intraday low of $12.26 and an intraday high of $12.75. The stock has a 52 week low of $12.26 and 52 week high of $32.47. The market capitalization of the company stands at $3.52B and it has 287.49M outstanding shares.

Nabors Industries Ltd. (Nabors) is a land drilling contractor and a land well-servicing and workover contractor in the United States and Canada. As of December 31, 2010, the Company marketed approximately 550 land drilling rigs for oil and gas land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. As of December 31, 2010, the Company marketed approximately 555 rigs for land well-servicing and workover work in the United States and approximately 172 rigs for land well-servicing and workover work in Canada. On September 10, 2010, the Company acquired Superior Well Services, Inc. (Superior). On December 31, 2010, the Company purchased the business of Energy Contractors LLC (Energy Contractors).


NCT slid -5.13%, to close at $4.07 and its overall traded volume was 4.37M shares in the last trading session. NCT opened at $4.20 and is trading within the range of $4.06-$4.26. The stock has a 52 week low of $3.02 and 52 week high of $8.85. NCT’s market capitalization is $322.75M and it has 79.30M outstanding shares. Newcastle Investment Corp. (Newcastle) is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets. The Company conducts its business through four primary segments: investments financed with non-recourse collateralized debt obligations (CDOs), investments financed with other non-recourse debt, investments financed with recourse debt, including Federal National Mortgage Association (FNMA)/ Federal Home Loan Mortgage Corporation (FHLMC) securities and unlevered investments.
NE percentage change dropped -3.33%, to close at $29.35 and its overall traded volume was 3.93M shares in the last trading session. NE shares were trading within the range of $29.32-$30.50 while its opening price was $29.76. The stock has a 52 week range of $27.68 – $46.72. NE’s market capitalization is $7.41B and it has 252.39M outstanding shares. Noble Corporation (Noble) is a offshore drilling contractor for the oil and gas industry. It performa contract drilling services with its fleet of 73 mobile offshore drilling units and one floating production storage and offloading unit (FPSO) located globally. As of December 31, 2010, its fleet consisted of 14 semisubmersibles, 12 drillships, 45 jackups and two submersibles. Its drilling fleet is consisted of the semisubmersibles, drillships, jackups and submersibles. It also owns one FPSO. On July 28, 2010, Noble Corporation, a Swiss corporation (Noble-Swiss) and Noble AM Merger Co., a Cayman Islands company and indirect wholly-owned subsidiary o f Noble-Swiss (Merger Sub), completed the acquisition of FDR Holdings Limited(Frontier). Under the terms of the Agreement and Plan of Merger with Frontier, Merger Sub merged with and into Frontier, with Frontier surviving as an indirect wholly owned subsidiary of Noble-Swiss and a wholly owned subsidiary of Noble-Cayman.
NFG percentage change fell -4.88%, to close at $48.68 and its overall traded volume was 732,801.00 shares in the last trading session. NFG shares were trading within the range of $48.67-$50.68 while its opening price was $50.11. The 52-week range of the stock is $48.67 – $75.98. NFG’s market capitalization is $4.03B and it has 82.73M outstanding shares. National Fuel Gas Company is a holding company. The Company is a diversified energy company consisting of four business segments: Utility segment, Pipeline and Storage segment, and Exploration and Production segment and Energy Marketing segment. Its subsidiaries include National Fuel Gas Distribution Corporation (Distribution Corporation), National Fuel Gas Supply Corporation (Supply Corporation), Empire Pipeline, Inc. (Empire), Seneca Resources Corporation (Seneca), National Fuel Resources, Inc. (NFR), Highland Forest Resources, Inc. (Highland), Horizon Energy Development, Inc. (Horizon), Horizon LFG, Inc. (Horizon LFG), Horizon Power, Inc. ( Horizon Power) and National Fuel Gas Midstream Corporation (Midstream Corporation). In September 2010, the Company sold its landfill gas operations in the states of Ohio, Michigan, Kentucky, Missouri, Maryland and Indiana.
NFJ percentage change dropped -3.28%, to close at $14.76 and its overall traded volume was 797,336.00 shares in the last trading session. NFJ opened the day at $15.07, it made an intraday low of $14.68 and an intraday high of $15.22. The 52-week range of the stock is $14.68 – $19.34. NFJ’s market capitalization is $1.40B and it has 94.52M outstanding shares. NFJ Dividend, Interest & Premium Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. Under normal market conditions the Fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities. The investment manager of the Fund is Allianz Global Investors Fund Management LLC, which is an indirect wholly owned subsidiary of Allianz Global Investors of America L. P. (Allianz Global). The sub-advis ers of the Fund are NFJ Investment Group LLC, Nicholas-Applegate Capital Management LLC and Oppenheimer Capital LLC.

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