The three major US stock indexes opened mixed this morning following the unemployment report from the Eurozone, which showed that the 11.2% rate had remained unchanged. The Eurozone consumer price index was…
While European stocks rose to a four-month high and most Asian markets advanced, U.S. stock-index futures are lower this morning. No major U.S. economic reports are set for release today. Earnings are…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Anadarko Petroleum Corp. (NYSE: APC): Raised to Outperform at Credit Suisse. Anheuser-Busch…
Petroleo Brasileiro SAShares of Petroleo Brasileiros SA (NYSE: PBR), known as Petrobras, are up more than 5% this morning following a wholesale price hike on diesel fuel in Brazil. The state-controlled company…
Paul Ausick At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total of all…
It has been almost exactly two years since Exxon Mobil Corp. (NYSE: XOM) completed its $31 billion merger with XTO Energy to create the largest natural gas company in the US. Exxon’s…
The development of unconventional natural gas resources in the lower 48 states supported 1 million jobs in 2010, and that total will grow to 1.5 million by 2015 and to more than…
For the second time in two months, MarkWest Energy Partners L.P. (NYSE: MWE) has launched a secondary offering of common units to support the company’s expansion plans. In March, MarkWest sold 6.8…
The GAO says the government could make $15.1 billion on its AIG (NYSE: AIG) bailout investment. (Reuters) Facebook CEO Mark Zuckerberg begins the company’s IPO road show. (Reuters) Comscore says people spent…
Oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) has finally nabbed British-based Cove Energy PLC in a deal worth $1.8 billion. In late February shell made an offer of $1.58 billion for…
Paul Ausick Oil supermajor BP plc (NYSE: BP) has sold its southern gas assets in the North Sea to the UK’s Perenco UK Ltd for $400 million in cash. The sale is part of…
Ratings agency Moody’s has raised its senior unsecured ratings for Anadarko Petroleum Corp. (NYSE: APC) from ‘Ba1’ to ‘Baa3’ with a stable outlook. The move puts Anadarko’s debt back at investment grade.…
Paul Ausick Stocks opened modestly higher this morning and have wiggled around the neutral line all day. No significant news came out that would have influenced market action much one way or another. The…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. AGL Resources, Inc. (NYSE: GAS) named as Bear of the Day at Zacks.…
