The weekly data from the Department of Energy has some very big surprises, some of which are bullish for oil and some of which are good for the consumer. The key ETFs…
It is hard to not notice the $1.70 gain in WTI NYMEX Crude to over $86.50 per barrel this morning. This is on the heels of new reports of economic recovery after…
The weekly supply data is out from the Department of Energy and the refining capacity data continues to be a standout from last week. The recent rise in oil prices may act…
If you have followed the oil patch, the news from the refining sector has been abominable. Overall, we have seen many weeks where the United States refining capacity was not even running…
The notion that an integrated oil giant is issuing an earnings warning with oil above $80.00 per barrel may seem ludicrous to most on the Street. Yet that is exactly what is…
Yesterday Soros Fund Management Filed a 13-F outlining the fund’s long portfolio as of September 30th, 2009. The total value of the holdings reported in the filing is $6,198,089. Twenty holdings represented…
These are this morning’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Devon Energy (NYSE: DVN) Raised to Outperform at Wells Fargo. Exxon Mobil Corp. (NYSE: XOM)…
The thoughts of restricting the pay packages of the CEOs of public companies may be in the air, but new data on chief executive compensation show that boards of directors are not…
Valero Energy Corp. (NYSE: VLO) may have caused some irreparable harm to itself and to shareholders this week. Losing money is just not something that the investing public was ready to stomach. …
This week’s report from the Energy Information Administration noted that “strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to moderate gasoline price…
Murphy Oil Corp. (NYSE:MUR), like other oil companies has been hit hard by declining oil prices. Yesterday, the company posted EPS of $0.83 for the quarter, down from $1.07 EPS a year…
These are the top analyst upgrades we have seen this Monday morning ahead of the opening bell: Burger King (BKC) Raised to Buy at UBS. Credit Suisse (CS) Raised to Buy at…
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 2006, Hess Corporation (NYSE:HES) invested $3.84 billion in capital spending. Last year, the company spent $3.58 billion, and while the figure for this year isn’t final yet, Hess planned to spend…
Douglas A. McIntyre Now that refining margins are once again improving, integrated oil companies like Hess (NYSE:HES) are starting to get well. Today Hess reported EPS of $2.37 for the third quarter of 2008, a…
Douglas A. McIntyre 
