Updated throughout the day. Updated 12.43 PM EST: Apple may hire its own video game developers to create iPhone and iPod products (Apple Insider) Updated 11.57 AM EST: Devon Energy (NYSE:DVN) may…
These are Tuesday’s top pre-market analyst downgrades or cautious research calls seen out of Wall Street: American International Group (NYSE: AIG) Resumed as Neutral at UBS, so technically not a downgrade. Arris…
This morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P., as of March 31, 2009. Some of the higher stakes look to…
Three companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining Inc. (NYSE:WNR)…
Douglas A. McIntyre These are some of the top pre-market analyst upgrades and positive research calls we have seen early this Friday morning: Banco Santander (STD) Raised to Outperform at KBW. Devon Energy (DVN) Raised…
There are some issues surrounding natural gas that is keeping a cap on the sector. Spot prices are bouncing around between $3.50 and $4.00 per thousand cubic feet. At those prices, unconventional…
Modine Manufacturing (MOD) Losing money and problems with debt covenants. Drops to $.93 from 52-week high of $19.60. Great Plains Energy (GXP) Bad quarterly results. Very bad. Shares plunge to $14.53 from…
Anadarko Petroleum Company (NYSE:APC) announced another significant Gulf of Mexico discovery this morning. The new discovery offers 300 feet of net oil pay, in addition to Anadarko’s other Gulf of Mexico find…
Devon Energy Corp. (NYSE:DVN) reported a net loss for its fourth quarter of $6.8 billion (EPS of -$15.42), and a net loss for the year of $2.1 billion (EPS of -$4.85). Anyone…
Douglas A. McIntyre Yesterday’s story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash at the…
We’ve been following recent announcements of pullbacks in capital spending in the oil and gas patch. Every day it seems, one or two more companies announce that capital spending will be cut…
In a bit of good news this morning for Chesapeake Energy Corporation (NYSE:CHK), the Deutsche Bank analyst who downgraded Range Resources Corporation (NYSE:RRC), Southwestern Energy Company (NYSE:SWN), and Devon Energy Corporation (NYSE:DVN)…
News from the energy patch just keeps getting worse. Global consumption is down, consumer prices are down, and just about every company is reducing spending on exploration and production. This morning a…
These are some of the top pre-market upgrades and downgrades we have seen from Wall Street analysts this Monday morning: Devon Energy (DVN) Raised to Buy at Jefferies. EnCana (ECA) Raised to…
These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning: Amazon.com (AMZN) Cut to Hold at Citigroup. Amdocs (DOX) Cut to Neutral at Baird. Berry…
