ThinkstockEach of the independent refiners to report second-quarter earnings so far have shown year-over-year declines, reflective of a sluggish demand environment, rapidly compressing crude differentials and escalating renewable identification number (RIN) costs.…
July 23, 2013: U.S. equity markets opened higher this morning, but only the DJIA was able to stay in positive territory throughout the day. There was little economic data out of Europe…
ThinkstockBy now, anyone paying any attention to gasoline prices has run into the term “blend wall,” which is the point at which mandated ethanol production matches or exceeds ethanol demand. Because gasoline…
ThinkstockValero Energy Corp. (NYSE: VLO) reported second-quarter 2013 results before markets opened this morning. The oil refiner posted diluted earnings per share (EPS) of $0.85 on revenues of $34.03 billion, compared with…
Paul Ausick July 22, 2013: U.S. equity markets opened mixed this morning with the DJIA dipping on a poor earnings report from McDonald’s Corp. (NYSE: MCD). There was no economic data release of note in…
ThinkstockFor much of the past year and through the first quarter of 2013, the refinery sector was on fire. The top stocks in the sector were some of the top-performing stocks overall.…
ThinkstockCrude oil refiners have taken some heavy hits in the past couple of months. Because the cost of crude contributes about 65% to the price of gasoline, gas prices have remained high,…
ThinkstockCrude oil refiner Marathon Petroleum Corp. (NYSE: MPC) announced a cut to its second-quarter earnings estimates well after markets closed last night. Late last week the country’s largest refiner, Valero Energy Corp.…
ThinkstockWe have been on the price of ethanol credits since they rocketed to $1.00 earlier this year. Today, the price soared to $1.25, an increase of more than 2,000% since the beginning…
ThinkstockThe shrinking differential between the price of West Texas Intermediate (WTI) and Brent crude gets the lion’s share of the blame for last night’s announcement from Valero Corp. (NYSE: VLO) that net…
July 1, 2013: U.S. equity markets opened higher this morning after a blast of economic data from both Asia and Europe. In China, June manufacturing PMI slid lower. Japan’s economics minister said…
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, July 1, 2013. They include Apple, BlackBerry, 3M and Best Buy.
Investors and traders seem to be constantly looking for fresh research ideas that will lead to higher income or more profits. 24/7 Wall St. reviews many fresh research calls each morning to…
ThinkstockOver the past 12 months, the best performing oil refining stock has been Tesoro Corp. (NYSE: TSO), which has doubled, even though it has dropped sharply in the past month. Phillips 66…
ThinkstockThe new American energy boom is underway as U.S. oil and gas production has taken off. The equity and quant analysts at Merrill Lynch see a particular advantage for firms most geared…
