The continuing disaster in the Gulf of Mexico has called into question drilling safety practices for oil in the ultra-deepwaters of the world. Drilling in a well in water more than 5,000…
Ecuador is a relatively unknown member of OPEC, due mostly to its up and down relationship with the cartel. Ecuador first joined OPEC in 1973, then in 1992 suspended its membership for…
If you can’t take the heat, get out of the kitchen. That is what Citigroup, Inc. (NYSE: C) has done over its Phibro commodities trading unit. Occidental Petroleum Corporation (NYSE: OXY) has…
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…
These are ten of the top pre-market analyst calls we have seen early this Tuesday morning with more than two hours until the market opens: Anadarko Petroleum (APC) Cut to Equal Weight…
Occidental Petroleum Corp. (NYSE:OXY) and ConocoPhillips Corp. (NYSE:COP) reported a mixed bag of first quarter 2009 earnings this morning. Net income met analysts’ expectations, but revenue did not.
These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning: Apache (NYSE: APA) Raised to Outperform at Credit Suisse. Denbury Resources…
These are some of the top early bird Analyst Downgrades seen from Wall Street analysts this Thursday morning: Acergy (ACGY) Cut to Sell at Citigroup. BioMarin Pharmaceutical (BMRN) downgraded at Citigroup, Collins…
This has been a very sketchy earnings season, and the crazy stock markets have offered very little help in being able to evaluate many companies. But despite the massive drop in oil…
This morning Plains Exploration (NYSE:PXP) announced the sale of its oil and gas properties in the Permian and Piceance Basins for $1.25 billion to Occidental Petroleum (NYSE:OXY). This sale highlights two of…
Occidental Petroleum (NYSE:OXY) plans to spend $1.1 Billion on a natural gas processing plant and related pipelines. The company expects the enhanced oil recovery (EOR) program to increase it’s Permian Basin production…
Douglas A. McIntyre 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…
CONSOL Energy (NYSE:CNX) today reported first quarter earnings of $75.1 million and EPS of $0.41. This is down from first quarter 2007 earnings of $113.3 million and EPS of $0.61. Revenue reached…
These are not the only analyst calls this morning, but these are the calls that 247WallSt.com is focusing on early this Tuesday morning: Automatic Data (NYSE: ADP) downgraded to Neutral from Buy…
We are right in the thick of earnings season and below is a snapshot of some of the key earnings reports with price changes if available: Air Tran (NYSE: AAI) -$0.02 EPS…
