After the $33 billion purchase of Anadarko Petroleum by integrated giant Chevron, the question for investors is whether there are more deals to come, and the answer appears to be most likely…
Oil and gas giant Chevron announced this morning that it has agreed to buy Anadarko Petroleum for $33 in cash and stock in a transaction valued at $33 billion.
The top analyst upgrades, downgrades and initiations seen on Thursday included Apple, Chipotle Mexican Grill, CEMEX, CVS, Eli Lilly, Hewlett Packard Enterprise, IBM, Incyte, MercadoLibre and U.S. Steel.
Short sellers pulled back on their bets for falling share prices among major oil companies in the last two weeks of March.
Since December of 2013, the Jefferies Franchise list of stocks has brought home some huge winners for the firm's clients. The current list has five sector-leading stocks that look especially good now.
The top analyst upgrades, downgrades and initiations seen on Monday included Amazon.com, CarMax, Celgene, Chevron, Exxon Mobil, Lyft, FedEx, Peabody Energy, UPS and Wells Fargo.
As crude oil prices rose over the past month, so too has short interest in energy company stocks.
Just when it looked as if crude oil prices were going to pull back, suddenly a one-day surge has taken oil back above $60 per barrel.
One sector that had been a perpetual underperformer of the great bull market has been the energy sector. But times have changed.
The February 28 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
In its investor day presentation Wednesday, Exxon Mobil said it plans to increase capital spending in the next two years, primarily in upstream production. Investors are not reacting well.
Chevron is targeting higher returns and production from the Permian Basin shale plays and strong cash flows to support a dividend hike and ongoing share buybacks.
The February 15 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.
Reported cuts in world crude oil production and encouraging words on the U.S.-China trade talks have overcome significant increases in U.S. petroleum inventories to keep prices about 2% above last night's closing…
The January 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
