Markets opened slightly lower this morning and spent the morning trying to decide on a direction. The Reuters/University of Michigan Consumer Sentiment Index rose more than expected, but even that was not…
Crude oil prices have jumped more than $3/barrel this morning on the expectation that the European agreement on sovereign debt will put some life back into the global economy. That outcome is…
The first large-scale geothermal electricity generating plant in the US was developed in the 1960s in northern California. Unocal, now part of Chevron Corp. (NYSE: CVX), did the initial work and the…
A year ago, shares of BP plc (NYSE: BP) closed near $41. Yesterday the shares closed near $42, about 15% below the stock’s 52-week high. When the company reported third quarter earnings…
Large US oil companies have had a good year. Not the best ever, but good nonetheless on high prices for crude oil. The big reason for solid profits has been the differential…
International Business Machines Corporation (NYSE: IBM) has now reported its third quarter earnings report at $3.28 EPS and $26.2 billion in sales. Thomson Reuters was looking for $3.22 EPS and $26.25 billion…
Over the weekend, pipeline company Kinder Morgan, Inc. (NYSE: KMI) announced that it would pay approximately $21.1 billion in cash and stock for El Paso Corp. (NYSE: EP) and El Paso Pipeline…
Alcoa (NYSE: AA) earnings bring markets lower. (Reuters) Senate defeats the Obama jobs bill. (Reuters) Sony (NYSE: SNE) says a third party tried to sign into 93,000 PlayStation accounts. (Reuters) The Research…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Chevron Corporation (NYSE: CVX) Cut to Underweight at JPMorgan. Chipotle…
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.…
In mid-afternoon trading today, WTI crude has fallen below $80/barrel and looks set to end the month down about -10%. Given all the dismal economic news that came out this month, it’s…
Transocean Ltd. (NYSE: RIG) is likely going to be in the local nightly news reports all throughout the states in the Gulf of Mexico, whether it is justified or not. The U.S. Coast…
The boom in US natural gas drilling resulting from the technological advances of horizontal drilling and hydraulic fracturing is beginning to spread to the rest of the world. In some countries, like…
Independent oil and gas producer Apache Corp. (NYSE: APA) has agreed to purchase the North Sea assets of a subsidiary of Exxon Mobil Corp. (NYSE: XOM) for $1.75 billion. The total number…
The 30-Year Treasury auction, the so-called Long Bond, had a strong participation for what is technically a 29-year and 11-month bond. The participation rate was strong enough that this still shows a…
