Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and acquisition (FD&A)…
The government of Iraq will prohibit Exxon Mobil Corp. (NYSE: XOM) from participating in the May auction of new leases because the US company last year signed six leases for exploration in…
At the end of December, Brent crude spot prices were around $107/barrel and WTI spot prices were around $99/barrel. Since then, Brent has risen to right around $121/barrel today and WTI is…
Occidental Petroleum Corporation (NYSE: OXY) has just raised its dividend to be a bit more competitive against Exxon Mobil Corporation (NYSE: XOM) with a 2.2% yield and against Chevron Corporation (NYSE: CVX)…
Argus has made quite a few changes to its model portfolio for 2012 after the first week of trading this year. The company has broken these out in equity income, growth and…
Crude oil prices have risen this year, although they have been tapering off in the past couple of months. Pump prices have been driven by the price differential between Brent crude and…
As the price differential between WTI and Brent crude oil continues to narrow, with WTI rising and Brent falling, big oil companies should see a gain in their realized prices for crude. This is…
Markets opened slightly lower this morning and spent the morning trying to decide on a direction. The Reuters/University of Michigan Consumer Sentiment Index rose more than expected, but even that was not…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning. Advanced Micro Devices, Inc. (NYSE: AMD) Raised to Outperform at Wells…
The DJIA jumped above 12,000 in the opening minutes of trading this morning and had topped 12,200 by mid-afternoon. European Union leaders have agreed on a deal that would make up to…
Crude oil prices have jumped more than $3/barrel this morning on the expectation that the European agreement on sovereign debt will put some life back into the global economy. That outcome is…
Large US oil companies have had a good year. Not the best ever, but good nonetheless on high prices for crude oil. The big reason for solid profits has been the differential…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Activision Blizzard, Inc. (NASDAQ: ATVI) Started as Outperform at Baird.…
In mid-afternoon trading today, WTI crude has fallen below $80/barrel and looks set to end the month down about -10%. Given all the dismal economic news that came out this month, it’s…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research. Advanced Micro Devices Inc. (NYSE: AMD) Raised to Buy at UBS.…
