Posts for Ticker ‘CEO’

Asia Markets (10/30/2009)

chinaMarkets in Asia were higher.

The Nikkei rose 1.5% to 10,034.  Sony (NYSE:SNE) cut the forecast of its full-year loss

The Hang Seng was up 2.2% to 21,731. CNOOC (NYSE:CEO) traded higher.

The Shanghai Composite rose 1.2% to 2,996.

Asia Markets And Europe Open (10/19/2009)

chinaMarkets in Asia were mixed.

The Nikkei was down .2% to 10,237. Mitsubishi UFJ (NYSE:MTU) rose.

The Hang Seng was up 1.1% to 22,179. CNOOC (NYSE:CEO) and PetroChina (NYSE:PTR) rose.

The Shanghai Composite was up 2.1% to 3,028.

At the open in Europe, the FTSE rose .9% to 5,235. The Daxx was up .8% to 5,791 and the CAC 40 rose .8% to 3,855.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Marathon’s Angola Stake Not Going to China After All (MRO, CEO, SNP, TOT, XOM)

Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon announced that it had reached a definitive agreement with China’s CNOOC Ltd. (NYSE:CEO) and China Petroleum & Chemical Corp. (Sinopec; NYSE:SNP) to sell Marathon’s working interest in block 32 to the two Chinese companies for $1.3 billion. Sonangol’s action pulls an estimated 300 million barrels of reserves out of Chinese hands. Read More »

Asia Markets And Europe Open 6/10/2009

chinaMarkets in Asia rallied sharply and oil stocks moved up as crude hit $71.

The Nikkei rose 2.1% to 9,991.

The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) and CNOOC (CEO) rallied.

The Shanghai Composite rose 1.8% to 2,816.

A the open in Europe, the FTSE was up 1.2% to 4,457. BHP Billiton (BHP) moved up sharply as did BP (BP). The Dax rose 1.4% to 5,068 and the CAC 40 was up 1.4% to 3,342.

Data from Reuters and MatrketWatch.

Douglas A. McIntyre

Top Analyst Downgrades (AYE, AU, BJS, CEO, SLB, WX)

These are some of the general analyst downgrades we have seen this Monday morning from Wall Street:

Allegheny Energy (AYE) Cut to Neutral at Goldman Sachs.
Anglogold (AU) Cut to Neutral at UBS.
BJ Services (BJS) Cut to Hold at Jefferies.
CNOOC (CEO) Cut to Neutral at Credit Suisse.
Schlumberger (SLB) Cut to Hold at Jefferies.
WuXi PharmaTech (WX) Cut to Underperform at Jefferies.

JON C. OGG

Top 10 Analyst Upgrades & Downgrades (APC, ATML, CBY, CEO, EXR, N, OXY, OZM, PSA, WFC)

These are ten of the top pre-market analyst calls we have seen early this Tuesday morning with more than two hours until the market opens:
Anadarko Petroleum (APC) Cut to Equal Weight at Barclays.
Atmel (ATML) Raised to Outperform at FBR.
Cadbury Schweppes (CBY) Raised to Neutral at JPMorgan.
CNOOC Ltd (CEO) Cut to Neutral at JPMorgan.
Extra Space Storage (EXR) Cut to Underweight at KeyBanc.
Netsuite (N) Cut to Sell at Piper Jaffray.
Occidental Petroleum (OXY) Raised to Outperform at Barclays.
Och-Ziff Capital (OZM) Raised to Outperform at KBW.
Public Storage (PSA) Cut to Underweight at KeyBanc.
Wells Fargo (WFC) Started as Outperform at Oppenheimer.

JON C. OGG

Reviewing Emerging Oil Giants Petrobras, CNOOC, and PetroChina (PBR, CEO, PTR)

oil-well-image14Leading oil and gas industry news source, Platts, named Brazil’s national oil company Petroleo Brasileiro (NYSE:PBR), aka Petrobras, its hydrocarbon producer of the year for 2008. Platts cited Petrobras for its “sheer across-the-board excellence” in both management and operations.  By the looks of it, there are differences and similarities among emerging market oil giants such as China’s large CNOOC Ltd. (NYSE:CEO) and even PetroChina Co. Ltd. (NYSE: PTR).
Read More »

Early Bird Analyst Upgrades & Downgrades (AZ, CEO, DAI, BEN, GRMN, SE, TEF)

These are the early bird analyst calls from Wall Street that we have seen early this Wednesday morning with about 3 hours until the market opens:

  • Allianz (NYSE: AZ) Cut to Neutral at JPMorgan.
  • CNOOC (NYSE: CEO) Cut to Sell at UBS.
  • Daimler (NYSE: DAI) Raised to Buy at Goldman Sachs.
  • Franklin Resources (NYSE: BEN) Cut to Market Perform at KBW.
  • Garmin (NASDAQ: GRMN) Cut to Neutral at Baird.
  • Spectra Energy (NYSE: SE) Cut to Market Perform at Wachovia.
  • Telefonica (NYSE: TEF) Cut to Hold at Deutsche Bank.

JON C. OGG

CNOOC Profits Jump (CEO, SNP)

Chinese oil producer CNOOC Ltd. (NYSE:CEO) reported annual profits for 2008 of $6.5 billion, up 42% from 2007. EPS was about $0.15. Production was up 14%, to 195.4 million barrels of oil equivalent.  CNOOC noted that it’s all-in per barrel costs for 2008 equaled $19.78, and that the company’s average selling price for crude was $89.39/barrel.

Read More »

China Barely Makes Money On Oil (SNP, CEO

Chinese oil giant China Petroleum & Chemical Corp., usually called Sinopec, (NYSE:SNP) reported that annual earnings were off 47% for 2008, compared with 2007. The report includes only annual numbers; no quarterly numbers were published. Analysts had been expecting EPS of $3.72, and Sinopec came in at about $1.32 fully diluted EPS.
Read More »

Top Analyst Upgrades & Downgrades (BCE, GOOG, IACI, SYMC, VCLK, CSL, CEO, JNS, MFE, SOLF)

These are the top pre-market upgrades and downgrades we have seen from Wall Street this Thursday morning:

BCE (BCE) Started as Overweight at Thomas Weisel.
Google (GOOG) Raised to Buy at Canaccord.
IAC/Interactive (IACI) Raised to Buy at Canaccord.
Symantec (SYMC) Started as Buy at Auriga.
ValueClick (VCLK) Raised to Buy from Sell at Canaccord.
Carlisle Companies (CSL) Cut to Underweight at KeyBanc.
CNOOC (CEO) Cut to Neutral at UBS.
Janus (JNS) Cut to Neutral at JPMorgan.
McAfee (MFE) STarted as Sell at Auriga.
SolarFun (SOLF) Cut to Sell at Collins Stewart, but was also raised to Hold from Sell at Canaccord.

Jon C. Ogg
March 26, 2009

Chinese Expand Oil Drilling (CEO, COP)

offshore-rig-pic2Chinese oil giant CNOOC Ltd. (NYSE:CEO) has begun production at a new field in Bohai Bay, off China’s northeast coast. The new field is relatively small, producing just 4,000 barrels/day, but production is expected to reach 25,000 barrels/day by 2011. This is the first of five CNOOC projects expected to come online in Bohai Bay in 2009.
Read More »

Rio Tinto’s Chinese Investment Getting Some Pushback (RTP, BHP, CEO)

money-stack-image38burning-money-pic23When China’s government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest was the Australian government’s limit on foreign ownership of 15%. Chinalco’s share of Rio Tinto will jump from 9% to 18%.
Read More »

Chinese Company Expects Oil Production to Grow in 2009 (CEO, CVX)

When China’s CNOOC Ltd. (NYSE:CEO) lost out to Chevron Corporation (NYSE:CVX) in a bid for Unocal, it found other places to invest. Like Nigeria and Indonesia. Those investments are expected to start paying off this year, as CNOOC targets net production at 225-231 million barrels of oil equivalent. Estimated net production for 2008 is 194-196 million barrels.

Read More »

Is Oil’s Down Escalator Finally Heading Up? (XOM, COP, CEO, PBR, REP, PTR)

Oil_well_logo_2Oil company share prices have been in near free fall for the past six months. Exxon Mobil (NYSE:XOM) is off about 20% from its 52-week highs and ConocoPhillips (NYSE: COP) is off about 50%, but both are doing better than a basket of emerging economy stocks. CNOOC Ltd (NYSE:CEO) is down 68% for the past 52-weeks, PetroBras (NYSE:PBR) is off 77%, Repsol YPF (NYSE:REP) is down 57%, and PetroChina (NYSE:PTR) is off 64%. The drop in crude prices, down more than 65% since the July peak, is the main culprit.  But even as crude prices continue to slide, share prices for these companies are beginning to make a comeback.

Read More »

Top Pre-Market Analyst Downgrades (AMZN, DOX, BRY, CNQ, CEO, CFX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR)

These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning:

  • Amazon.com (AMZN) Cut to Hold at Citigroup.
  • Amdocs (DOX) Cut to Neutral at Baird.
  • Berry Petroleum (BRY) Cut to Sell at Goldman Sachs.
  • Canadian Natural Resources (CNQ) Cut to Sell at Goldman Sachs.
  • CNOOC (CEO) Cut to Neutral at Credit Suisse.
  • Colfax (CFX) Cut to Neutral at Baird.
  • Devon Energy (DVN) Cut to Market Perform at FBR; Cut to Neutral at Goldman Sachs.
  • EOG Resources (EOG) Cut to Neutral at Goldman Sachs.
  • General Growth Properties (GGP) Cut to Neutral at UBS.
  • McDermott (MDR) Cut to Hold at Jefferies; Cut to Neutral at Credit Suisse.
  • News Corp. (NWS) Cut to Neutral at JPMorgan.
  • Precision Castparts (PCP) Cut to Neutral at UBS.
  • SunPower (SPWRA) Cut to Neutral at Merriman Curhan Ford.
  • Syniverse (SVR) Cut to Neutral at Baird.

Jon C. Ogg
November 6, 2008

Top Pre-Market analyst Downgrades (CEO, EXC, LLTC, NRG, PVH, POWI, TXN, WFMI)

Down_arrow_redThese are some of the top pre-market analyst downgrades and negative calls we are seeing from Wall Street this Tuesday morning:

  • CNOOC (CEO) Cut to Hold at Deutsche bank.
  • Excelon (EXC) Cut to Hold at Jefferies.
  • Linear Tech (LLTC) Cut to Market Perform at Raymond James.
  • NRG Energy (NRG) Cut to Hold at Jefferies.
  • Phillips-Van Heusen (PVH) Cut to Neutral at JPMorgan.
  • Power Integrations (POWI) Cut to Market Perform at Raymond James.
  • Texas Instruments (TXN) Cut to Market Perform at Raymond James.
  • Whole Foods (WFMI) Cut to Underperform at Jefferies.

Jon C. Ogg
October 21, 2008

Emerging Oil Giants Face Harder Times Than US Oil Giants (XOM, CVX, PBR, PTR, CEO)

Oil_well_logo_2It’s no secret that share prices for big oil are down over the past 12 months. These oil giants have fallen sharply from highs when oil was in the $140’s per barrel.  Exxon Mobil (NYSE:XOM) is off about 18% and Chevron (NYSE:CVX) is off about 25%. They are not doing as bad as emerging market oil giants such as Petro Brasileiro (NYSE:PBR),or Petrobras, nor as poorly as China’s CNOOC Ltd. (NYSE:CEO) and PetroChina (NYSE:PTR).

Read More »

Oil in China: Producers, Up; Refiners, Down (CEO, PTR)

China_3Two of China’s largest oil companies announced earnings for the first half of 2008 today. CNOOC Ltd. (NYSE:CEO), the country’s second largest producer, reported a sales increase of nearly 64% over the first half of 2007, and net profit growth of 89.3% over the same period. PetroChina (NYSE:PTR) reported an earnings drop of 38% compared with the first half of 2007.

Read More »

Backward & Forward, Cramer In 2007 To 2008

2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008.  Everyone’s favorite market pundit or least liked pundit is obviously Jim Cramer.  If you love Cramer or can’t stand him it really doesn’t matter.  He signed a new multi-year deal with CNBC recently.  Here are some of his major calls this year that will still be referred to in 2008:

Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one.  Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected.  Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007.  Cramer also gave a batch of price targets on most of theDJIA components:

Cramer’s Stock Picks FOR 5-YEARS OUT:

SOME LISTS: His list of recession proof stocks compared to ours.  We are updating our
Defensive Stocks For The First Half Of 2008" currently.  Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies.  Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents.  Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)

Cramer spent lots of time on International stocks that most US investors might not cover on their own.  He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up.  Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008.  Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR).  We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI).  Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)

ON TECHNOLOGY:  Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008???  Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007.  Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).

Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?

ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:

Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.

Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.

Happy New Years from the 247WallSt.com team!

Jon C. Ogg
December 31, 2007