Cobalt Intl Energy (CIE) is off $1.17 to $24.49 in relatively active trading of 1.3 million shares and has suffered a two-day 8.4 percent slide since earnings were reported yesterday morning. However, options order flow seems somewhat bullish after 6,435 (register to read more …) [...]

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Put spread buyer banks a big win in Conoco Phillips (COP). Shares are down 26 cents to $72.62 and an Aug 60 – 70 put spread trades on the oil company at $2.30, 9400X on AMEX, and $2.25, 5000X on (register to read more …) [...]

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Chesapeake (CHK) is under pressure today and trading to 52-week lows on high volume of 70 million shares on a Reuters report the company’s CEO borrowed $1.1 billion against the company’s wells. Shares are down $1.25 to $17.87 and options (register to read more …) [...]

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Cobalt Energy (CIE) is down $3.13 to $25.25 on high volume of 4.8 million shares after the Financial Times posted a negative article about the company yesterday (Spotlight Falls on Cobalt’s Angola Partner). The company is responding to the article (register to read more …) [...]

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McMoran (MMR) gapped lower Tuesday morning and is down $1.93 to $10.21 on heavy volume of more than 8 million shares after updating its Davy Jones oil drilling operation. Jefferies was out with a note today saying the update highlights (register to read more …) [...]

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Carbo Ceramics (CRR), a Houston, TX oil services and equipment company, is off 70 centts to $97.58 and it looks like Jun 85 – 95 put spreads are being bought on the stock for $5.30, 2000X on PHLX, to open. (register to read more …) [...]

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Harvest Natural Resources (HNR) gaps higher today and is trading up $1.55 to $7.81 after the company said it’s in talks to sell a 32 percent stake in Petrodelta SA. The stock, which had been mired in a slump for (register to read more …) [...]

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Williams Companies (WMB) is off 12 cents to $29.34 and levels of implied volatility in the options on the stock are moving higher today ahead of earnings. The natural gas producer reports after the closing bell. The top trade on (register to read more …) [...]

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Call volume in Southwest Energy (SWN) is approaching 100,000 today. 14,000 puts traded on the stock and share volume, at 3.2 million, is only about half the typical volume for the name. Morning trades include a three-way, in which 2,500 (register to read more …) [...]

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Pioneer Natural Resources (PXD) is up $2.98 to $105.64 and has now rallied 8.4 percent this week. One player in the options market seems to be anticipating additional gains in the Irving, TX oil and gas company and sold 5,000 (register to read more …) [...]

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