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…
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…
The ups and downs of the government’s attempts to get a bailout package for financial institutions is leading the major players in the oil patch to remain really quiet. Given the yelping…
Exploration and production companies have been loading up on natural gas assets in the US for the past several years, and now it looks like that might not have been the best…
We already noted how Goldman Sachs Group (NYSE: GS) has raised its average oil prices for the years ahead, but the firm has also raised its OIL SERVICES Sector ratings this morning…
The American Exploration and Production Council (AXPC) today released a study by Wood Mackenzie, an energy consulting firm, claiming that costs to the natural gas industry associated with the pending alterations to…
Shares of Devon Energy Corp. (NYSE: DVN) are up slightly as the company has closed on the sale of another asset in Africa. The company closed upon the sale of its operations…
Douglas A. McIntyre We have tracked these Master Limited Partnerships (MLP’s) and spin-offs or carve-out IPO’s from larger oil and gas companies for quite some time. What is amazing is that despite the rapid rise…
Devon Energy Corp. (NYSE: DVN) has reached an agreement to sell its oil and gas business in Equatorial Guinea to GEPetrol, the African country’s national oil company. The value of the transaction…
Douglas A. McIntyre There are other analyst calls affecting shares this morning, but these are ten of the top calls that we are focusing on this Thursday in pre-market trading:AFLAC (NYSE: AFL) cut to Neutral…
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%,…
These are not the only important analyst calls out there, but these are the top analyst calls that 24/7 Wall St. is focusing on: Affymetric (AFFX) raised to Buy at UBS. Citigroup…
The bus is filling up with energy industry passengers wanting to create a master limited partnership (MLP) from their midstream assets. Earlier this week Devon (NYSE:DVN) got on-board and today, Williams Companies,…