We have already seen earnings from Valero Energy Corp. (NYSE: VLO) and BP Plc (NYSE: BP), and these figures are acting to keep a lid on oil stocks. There is, of course,…
Reuters: Pandit bought time at Citigroup (C) with a management reshuffle. Reuters: Obama’s healthcare and climate plans are running into resistance. Reuters: AIG (AIG) will pay more executive bonuses in July. Reuters: …
These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Thursday morning: Amdocs (DOX) Raised to Outperform at Oppenheimer. Chevron (CVX) Started as…
It is still too soon to be counting the last revisions for major technology companies reporting calendar Q2-2009 earnings season. But the trend set at the end of last week and being…
Reuters: Cybercrime is spreading fast on Facebook. Reuters: GM will seek to sell most of its assets to a new company. Reuters: Madoff got 150 years in prison. Reuters: AIG (AIG) shareholders will…
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…
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…
The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late…
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), has entered into a series of contracts with BrightSource Energy, Inc. While we consider most individual projects essentially as footnotes…
Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus estimates of…
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…
There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been Western…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent…
