12:35pm ET
Energy
Murphy Oil in Loeb’s Sights
Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today acknowledged that…
MUR Coverage Page 4
11:22am ET
Energy
Refiners Thriving on Crude Price Differential (WNR, TSO, VLO, MPC, BP, XOM, CVX, COP, MUR)
Two major oil refiners have reported third-quarter earnings since the market closed last night. Both posted better-than-expected earnings primarily due to sharply higher refining margins. Western Refining Corp. (NYSE: WNR) reported net…
1:54pm ET
Energy
Pipeline from Canada to US Gulf Coast, Billions At Risk Or Reward (TRP, XOM, SU, SNP, COP, CVX, MUR, TOT, RDS-A, BP, DVN, KMP, ENB)
A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp.…
11:29am ET
Energy
Identifying Value In Refining Stocks (MPC, VLO, MUR, HFC, SUN, TSO, WNR, MRO)
The refining business has been in the news a lot recently for two things. One, it’s making money again. Two, integrated oil companies are shedding refining assets at a rapid pace. Now’s…
11:44am ET
Energy
Can Sunoco Shed its Refineries? (SUN, MRO, MPC, COP, VLO, RDS-A, MUR)
Beginning in the early 1990s, integrated oil companies and some independents began stripping away their midstream assets like interstate pipeline and gathering systems to focus more on the money-making parts of the…
9:56am ET
Energy
Valero Grabs Another Refinery (VLO, MUR, CVX, HFC)
Crude oil refining doesn’t get much respect. The business is cyclical to the point of fickleness and it is often a drag on the profits of integrated oil & gas companies. Maybe…
8:21am ET
Investing
Top Analyst Upgrades & Downgrades (BIDU, BG, CETV, CREE, GIS, IACI, MPC, MUR, MYGN, NTAP, PETS, SCHN, TRGP, NGLS)
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Baidu, Inc. (NASDAQ: BIDU) Cut to Hold at S&P Equity Research…
10:59am ET
Investing
The Week’s Market Losers (CSC, PXD, HP)
S&P 500 WEEK: BOTTOM 10 (29 APR – 5 MAY) Ticker Weekly Price Change (%) Close Price 5May11 Close Price 29Apr11 Market Cap ($Mil) Computer Sciences Corp CSC -14.7 43.47 50.98 6741.8…
10:14am ET
Energy
Analyst Calls Fight Over Oil Stocks (XOM, OXY, DVN, MUR, CVX)
There are several research upgrades and downgrades this morning that may feel meaningless in the overall scheme of things due to the international headlines coming from Japan and the Middle East. The…
11:18am ET
Investing
Deepwater Drilling in Gulf of Mexico to Start Again (BP, APC, ATPG, BHP, CVX, CIE, E, HES, MRO, MUR, NBL, RDS-A, STO)
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…
8:31am ET
Investing
Top Analyst Upgrades and Downgrades (COP, GPI, HUN, IPG, MRO, MUR, OSG, PM, PCG)
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…
8:20am ET
Investing
Top Analyst Upgrades and Downgrades (AIXG, BK, COCO, EMC, GILD, MIR, MUR, NBG, NTAP, PNC, RRI, LCC, WERN)
These are some of the top analyst upgrades, downgrades, and initiations seen early this Tuesday morning in Wall Street research calls: Aixtron Aktiengesellschaft (NASDAQ: AIXG) Cut to Neutral at JPMorgan Cazenove. The…
10:27am ET
Energy
Ida: The Hurricaneless Hurricane (OIH, USO, OIL, MUR, MRO, RDS, CVX, XOM)
Oil and gas companies have closed or winding down many US Gulf operations ahead of a very late in the year Hurricane Ida. The weekend reports had this one dissipating then the…
5:15am ET
Energy
At $70 Oil, Major Oil Stocks Still Look Cheap (COP, XOM, CVX, MUR, PBR, PTR, VLO)
We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today’s markets: Oil stocks…
10:26am ET
Energy
Oil Companies & Earnings, Up & Down (MUR, HES, COP)
Murphy Oil Corp. (NYSE:MUR), like other oil companies has been hit hard by declining oil prices. Yesterday, the company posted EPS of $0.83 for the quarter, down from $1.07 EPS a year…