Tag: North


Mary J. Blige And Nas Announce North American Summer Tour


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FILE – In this July 7, 2018, file photo, Mary J. Blige performs at the 2018 Essence Festival at the Mercedes-Benz Superdome in New Orleans. Blige, Naomi Campbell and Judith Jamison are among the recipients of the 2018 Black Girls Rock awards. Queen Latifah will host the show, which will be taped Sunday, Aug. 26, at the New Jersey Performing Arts Center in Newark. (Photo by Amy Harris/Invision/AP, File)

Amy Harris/Invision/AP

New York natives Mary J. Blige and Nas will join forces to co-headline a tour across North America this summer, Live Nation announced on Tuesday.

The queen of hip-hop soul and legendary rapper will be performing in 22 cities, making stops in Boston, Atlanta, Houston and more. While this is the first time the pair will be touring together, they are not strangers to collaborating musically.

In 1997, Blige teamed up with Nas for their single “Love Is All We Need” from her third album, Share My World. They reunited in 2012 for the track “Reach Out” off of Nas’ eleventh LP, Life is Good. Blige has also co-headlined tours with rappers Jay-Z and Maxwell.

Produced by Live Nation, the upcoming tour will kick off July 11 at Coral Sky Amphitheater in West Palm Beach, Fla.

Citi card members will be able to purchase presale tickets starting April 17 at 12 p.m local time. Tickets will be available to the general public on April 19 at 10 a.m local time on livenation.com.

Check out the tour dates, below.

July 11 – West Palm Beach FL @ Coral Sky Amphitheater at the S. Florida Fairgrounds

July 13 – Tampa, FL @ Midflorida Credit Union Amphitheater

July 16 – Atlanta, GA @ Candace Bank Amphitheater at Chastain Park

July 20 – Atlantic City, NJ @ Hard Rock Live at Etess Arena

July 21 – Virginia Beach, VA @ Veterans United Home Loans Amphitheater

July 24 – Charlotte, NC @ PNC Music Pavilion

July 25 – Raleigh, NC @ Coastal Credit Union Music Park at Walnut Creek

July 28 – Detroit, MI @ DTE Energy Music Theatre

July 31 – St. Louis, MO @ Hollywood Casino Amphitheater

August 2 – Houston, TX @ The Cynthia Woods Mitchell Pavillion

August 3 – Austin, TX @ Austin360 Amphitheater

August 6 – Kansas City, MO @ Starlight Theatre

August 9 – Phoenix, AZ @ Ak-Chin Pavilion

August 14 – San Francisco, CA @ Shoreline Amphitheater

August 20 – Albuquerque, NM @ Isleta Ampitheater

August 22 – Dallas, TX @ Dos Equis Pavilion

August 25 – Tuscaloosa, AL @ Toscaloosa Amphitheater

August 31 – Syracuse, NY @ St. Joeseph’s Health Amphitheater

September 1 – Boston, MA @ Xfinity Center

September 10 – Toronto, ON @ Budweiser Stage

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North America Could Continue To Weigh On Halliburton’s Results


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Attendees pass in front of the Halliburton Co. booth during the 2018 Offshore Technology Conference (OTC) in Houston, Texas. Photographer: Aaron M. Sprecher/Bloomberg

© 2018 Bloomberg Finance LP

Halliburton, the second-largest oilfield services provider, is expected to publish its Q1 2019 results on April 22. This note discusses Trefis’ expectations, as well as consensus estimates, for the company’s earnings.

What to expect from Halliburton in Q1 2019?

  • Consensus earnings expectations stand at ~ $0.22 per share, marking a 45% decline year
  • Consensus revenue expectations of $5.5 billion represent a slight year-over-year decline

What trends will drive the company’s results?

  • Halliburton is likely to underperform in the North American market (which accounted for ~60% of 2018 revenue), although international operations will fare better.
  • Average North American rig count over the quarter down 1% year-over-year, versus growth of 6% in international rig count
  • While crude oil prices also saw a modest recovery over the quarter, it is unlikely to have benefited results.

Why Is North America expected to underperform?

  • In the on-shore U.S. market, operators are looking to align investments to their cash flows, likely reducing oilfield services spending.
  • Operators could be focusing on spending on the inventory of drilled but uncompleted wells, reducing drilling-related activity.
  • Pipeline capacity in the Permian – the largest U.S. shale basin – is likely to remain a constraint until H2’19, weighing on activity in the region.
  • There has also been a meaningful decline in Canadian activity, with the average rig count down 30% year-over-year.

What about international markets?

  • Weather-related seasonality and the roll-off of higher-margin year-end product/software sales will result in a sequential decline in international revenue.
  • However, there could be a year-over-year improvement, driven by rising activity in markets such as Africa and the Asia Pacific
  • Moreover, equipment availability is expected to be tightening, potentially helping pricing.

View our interactive dashboard analysis on What’s Driving Our Price Estimate For Halliburton. You can change key drivers to arrive at your own price estimate for the company. In addition, you can see all our data for Energy Companies here.

Like our charts? Explore example interactive dashboards and create your own.

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