What is amazing is that some of these offshore drilling and exploration stocks have kept rallying even in the face of what might be an overbought chart pattern.
November 30 2016: Markets opened higher again Wednesday as oil prices started the day trading up on expectations that OPEC would reach an agreement on cutting back oil production. The EIA’s inventory…
U.S. commercial crude inventories decreased by 900,000 barrels last week, according to the latest U.S. Energy Information Administration petroleum status report.
The November 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was ultimately mixed, although there were substantial moves.
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory…
In the first days of each year, 24/7 Wall St. uses the average implied upside of each Dow Jones Industrial Average component to generate an upside price target. It has been off…
Building on a turn toward more equity investments in the second quarter of this year, the top 50 hedge funds boosted their equity positions by nearly 3% in the third quarter.
U.S. commercial crude inventories increased by 5.3 million barrels last week, according to the U.S. Energy Information Administration.
November 15, 2016: Markets opened mixed Tuesday as the blue chips got off to a slow start. Both the financials and real estate gave back some recent gains and the industrial sector…
After the election was decided this week with the Republican candidate taking the White House, short interest for these major oil stocks is now more important than ever to follow.
The commercial crude inventory remains near the upper limit of the average range for this time of year, according to the EIA.
The week of November 4 brought several key analyst calls looking for handy upside in the oil and gas sector. Investors and traders alike just have to keep in mind that there…
U.S. commercial crude inventories increased by more than 14 million barrels last week, according to the U.S. Energy Information Administration.
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include Baker Hughes, Brocade Communications, CenturyLink, Chevron, Juniper Networks and National Oilwell Varco.
It is not uncommon for an analyst on Wall Street to favor one major peer over another. An October 31 call from Goldman Sachs stands out handily from other key analyst calls…
