Pipeline MLP Plains All American Pipeline LP (NYSE: PAA) will build a new crude oil rail facility in Tampa, Colo., to receive and transport up to 68,000 barrels per day of crude…
Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, following in…
Phillips 66 (NYSE: PSX) has risen handily since Warren Buffett disclosed that he has a stake in the oil company in the middle of July. Now shares have hit a new post-IPO…
Phillips 66 (NYSE: PSX) reported second-quarter earnings of $1.86 per share and $47.83 billion in revenue before markets opened this morning. Earnings per share (EPS) rose from the year-ago total of $1.64,…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall St. research calls this Monday morning. Annaly Capital Management Inc. (NYSE: NLY) cut to Underperform at Wells Fargo.…
Chevron Corp. (NYSE: CVX) managed to beat earnings despite a large drop in revenue. The oil giant reported earnings of $3.66 per share, some $0.42 better than the consensus estimate of $3.24…
The Department of Energy is out with its weekly oil inventory data showing a surprise build-up of crude products. The DOE showed that crude oil Stocks rose by 2.717 million barrels to…
ConocoPhillipsConocoPhillips (NYSE: COP) this morning reported second-quarter adjusted earnings per share (EPS) of $1.22 and $15.2 billion in revenue. EPS fell from $1.64 in the same period a year ago, and revenue…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. American Tower Corp. (NYSE: AMT): Cut to Neutral at Citigroup. Caterpillar Inc.…
The three major US stock indexes opened lower this morning following some lackluster data on the US economy. The Empire State manufacturing data improved, but retail sales posted an unexpected decline (our…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Anadarko Petroleum Corp. (NYSE: APC): Raised to Outperform at Credit Suisse. Anheuser-Busch…
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Affymetrix Inc. (NASDAQ: AFFX) Cut to Sell at Goldman Sachs. Anheuser-Busch InBev (NYSE:…
The Department of Energy is out with its weekly oil and gasoline inventory data and we saw a slight drop in the crude with a slight gain in gasoline inventories. Weekly DOE…
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80…
