It’s been a good year for refining stocks. Six large independent refiners are posting 12-month gains of between about 40% and 140%. All six — Valero Energy Corp. (NYSE: VLO), Marathon Petroleum…
Short interest in the oil services companies has risen, while one of the two refiners on our list -- Phillips 66 -- posted a substantial drop in short interest. As crude prices…
The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday. Abbott Laboratories (NYSE: ABT) cut to Market Perform at Leerink Swann. Alcoa…
Oil refiners have been hit today with a double dose of bad news. Over the past three months, stocks in refiners are up from 26% to 78% as the companies have managed…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. Accenture PLC (NYSE: ACN) reiterated Buy with $74 target at Argus. AK…
The three major U.S. stock indexes opened higher this morning and, following a morning dip, have remained in positive territory (barely) for most of the day. The first bit of big news…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Amgen Inc. (NASDAQ: AMGN) cut to Neutral at R.W. Baird. Automatic Data…
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels…
The three major U.S. stock indexes opened higher this morning and have remained higher by a modest amount all day. Overseas markets were mixed, with Asian markets down in advance of tomorrow’s…
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price…
The three major US stock indexes opened higher this morning after the news that German chancellor Angela Merkel said Germany would support European Central Bank sovereign bond buying. Unfortunately she doesn’t have…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Friday morning. Cerner Corp. (NASDAQ: CERN) cut to Equal Weight at…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings showing that there have been some significant changes in the positions of the Berkshire…
