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…
ThinkstockIf you think that the price of crude oil and the price of oil in general is too high or too low right now, you might want to consider what is happening…
ThinkstockLast year was a good year for oil and gas stocks, but unless a company had a refining and marketing operation, it was not a great year. Share prices rose by at…
ThinkstockThe U.S. Energy Information Administration (EIA) has released its annual report on U.S. ethanol production capacity for 2013. The 193 U.S. ethanol plants have a total capacity of 903,000 barrels a day,…
These are the top analyst downgrades and cautious research notes from Wall Street for Friday May 3, 2013.
ThinkstockThe United States may be on the verge of becoming a net exporter of energy products. Ultimately along with the rebirth of the housing sector, this could be the engine of growth…
U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s unemployment rate remained…
ThinkstockOil refiners Marathon Petroleum Corp. (NYSE: MPC) and Valero Energy Corp. (NYSE: VLO) reported first-quarter 2013 results before markets opened this morning. Marathon posted diluted earnings per share (EPS) of $2.17 on…
U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for spending and…
ThinkstockAfter Leading the S&P 500 and the energy sector for the past two years, and into the first quarter of this year, the U.S. refining sector hit a rough patch in March.…
Frank Golhen, via Wikimedia CommonsEarnings season is upon us once again, and we will get to see if the highly paid analysts are actually doing their job or if they are just…
Frank Golhen, via Wikimedia CommonsThe research team at Bank of America Corp.’s (NYSE: BAC) Merrill Lynch is out looking for the market strength to continue. Keep in mind that this is not…
ThinkstockU.S. drivers are using less gasoline than they were five years ago, due primarily to improved mileage ratings on new cars and fewer miles driven. Contributing to the lower demand for gasoline…
Paul Ausick U.S. equity markets opened slightly lower this morning following on some poor data on eurozone industrial production, which fell more than expected. Non-farm payrolls fell more than expected in France and the…
