Before the market opened this morning, Devon Energy (NYSE:DVN) reported third quarter net income of $2.6 billion (EPS of $5.92) on revenue of $5.99 billion. After backing out a non-cash gain from…
PetroChina (NYSE:PTR) is China’s largest energy company, and it’s getting bigger. The company reported quarterly earnings of $5.83 billion this morning, up 30% from the same period a year ago. Analysts polled…
Douglas A. McIntyre This has been a very sketchy earnings season, and the crazy stock markets have offered very little help in being able to evaluate many companies. But despite the massive drop in oil…
These are some of the top analyst pre-market upgrades we are seeing early this Monday morning: Anadarko Petroleum (APC) Raised to Outperform at Oppenheimer. Apache (APA) Raised to Outperform at Oppenheimer. Applied…
Back in May, EnCana Corporation (NYSE:ECA) announced that it would split the company in two. One part would take the company’s oil sands properties and the other would retain the natural gas…
After the market closes today Chevron (NYSE:CVX) is releasing its interim update for the third quarter of 2008. Typically these updates paint a pretty accurate picture of what investors can expect from…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
These are not all of the analyst downgrades this Monday morning, but these are some of the standout calls we have seen affecting shares early with more than two hours to the…
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 b/d to…
The effects of Hurricane Ike on the Gulf Coast are still being sorted out, but, so far reported infrastructure damage is light. That may change as producers, refiners, and pipeline operators begin…
According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism. Reuters says the the Justice Department has hired a litigator to look into antitrust issues…
The SEC has proposed new rules that would permit oil and gas companies to report possible and probable reserves as well as proved reserves when completing their annual 10-K. According to the…
Hurricanes Katrina and Rita in 2005 forced a halt to about 25% of US oil and natural gas production. Now Tropical Storm Gustav, which is predicted to gain hurricane status by the…
Conoco (COP) is selling its gas stations, following Exxon (XOM) out the exit door. Perhaps there is a greater fool; a company that thinks it can make money on a business that…
According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures. Reuters reports that Lehman (LEH) has asked three investment firms to…
