The reaction to the news of a conglomerate break-up in a three-way separation was incredible for ITT Corporation (NYSE: ITT) yesterday. Shares closed up 16.5% rather than over 20% and the closing…
The US Bureau of Ocean Energy Management, Regulation and Enforcement, BOEMRE, has notified 13 companies that they will be able to resume drilling in the Gulf of Mexico without needing to submit…
While there are no major mergers being announced in the energy patch, we do have several expansion deals from energy leaders in oil and gas. ExxonMobil Corp. (NYSE: XOM) has a deal…
Valero Energy Corp. (NYSE:VLO) is the first of the oil refiners to report earnings this quarter, and this morning’s release is a lot better than a year ago, when diluted EPS soured…
The key analyst calls are a little light this Monday morning ahead of the flurry of earnings. These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall…
For the past 40 years a natural gas liquefaction plant on Alaska’s Cook Inlet has been producing LNG and shipping it to Asia. The plant is owned by ConocoPhillips Corp. (NYSE: COP),…
Crude oil prices are off more than 20% from their high of $87.15 on May 3rd. The major contributor to that slide are serious concerns over sovereign debt primarily in the European…
Hell may have frozen over in the world of oil and gas. Shares of oil refinery companies seem to have finally turned a corner. In this aspect, we would be watching Valero…
The oil sands deposit in western Canada has been called many things, but Canadian researcher and writer Alastair Sweeney may be the first to call them a “calming, stabilizing force in the…
These are this Thursday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: American Superconductor Corporation (NASDAQ: AMSC) Raised to Buy at Deutsche Bank. GT Solar International, Inc. (NASDAQ:…
In 2009, there were just three Atlantic storms that earned the hurricane monikers — Bill, Fred, and Ida. None of these storms made landfall in the US as hurricanes. The predictions from…
From the heady heights of the summer of 2008, oil refiners have suffered from a downturn. Valero Energy Corp. (NYSE:VLO) and Tesoro Corp. (NYSE:TSO), which refine and market petroleum products exclusively, have…
These are this Thursday’s top ten analyst calls with upgrades, downgrades, and initiations seen from Wall Street research calls: Aixtron Aktiengesellschaft (NASDAQ: AIXG) Started as Buy at UBS. BlackRock, Inc. (NYSE: BLK)…
The acquisition by Schlumberger Ltd. (SLB) of competitor Smith International Inc. (SII) for $11 billion could be another sign that mergers and acquisitions in the energy sector will pick up in 2010.…
The notion that an integrated oil giant is issuing an earnings warning with oil above $80.00 per barrel may seem ludicrous to most on the Street. Yet that is exactly what is…
