These are the top ten early bird analyst upgrades and downgrades from Wall Street early this Tuesday morning with more than two hours until the market opens. BHP Billiton (BHP) Raised to…
Reuters: Obama proposed sweeping reform for financial industry. Reuters: A number of large banks repaid TARP. (JPM)(GS)(BBT)(COP)(STT)(AXP)(USB) Reuters: Consumer prices show inflation is in check. Reuters: China could still be a big…
It has become commonplace among analysts and oil traders to fear that crude prices are up so much that inflation will have to return the market. A recent piece from Reuters reinforces…
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…
Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial…
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate…
We have just gotten the Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) holdings for the end of Q1-2009. The cut off date here was March 31, 2009 and there are some…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) may have had the wind behind its back from its annual shareholder meeting, but that wind now may be breaking wind. This was Warren Buffett’s…
Occidental Petroleum Corp. (NYSE:OXY) and ConocoPhillips Corp. (NYSE:COP) reported a mixed bag of first quarter 2009 earnings this morning. Net income met analysts’ expectations, but revenue did not.
These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to…
The largest non-government owned oil company in Russia, OAO Lukoil, has reported a net loss of $1.6 billion for the fourth quarter of 2008, according to the company’s financial statements filed today.…
Douglas A. McIntyre Saudi Arabia’s state-owned oil company Saudi Aramco and ConocoPhillips Corporation (NYSE:COP) are expected to open the bidding for a Saudi-based refinery in Yanbu by the middle of 2009, according to Reuters. The…
Douglas A. McIntyre The person who first said that a chain is only as strong as its weakest link has never lifted a V8 out of a Ford Mustang. But, the analogy works in most…
