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…
Typically in the investing world, if everybody expects an event, the opposite happens. In March of 2009 after a brutal sell-off had knocked the S&P 500 down almost 60% from its 2007…
ThinkstockThe long running saga that is the construction of TransCanada Corp. (NYSE: TRP) Keystone XL pipeline may be coming to an end. Designed to transport oil from the Athabasca oil sands in Canada…
ThinkstockWe have tracked the key short interest changes as of February 28 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
ThinkstockWe have tracked the key short interest changes as of February 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
ThinkstockShare prices appreciated by at least 80% for most major crude oil refiners in 2012, a far better performance than turned in by the integrated oil companies, the oil services firms and,…
ThinkstockWe have tracked the key short interest changes as of January 31 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
ThinkstockIn the energy sector, 2012 was the year of the refiner. Stock prices appreciated at least 80% for most of them, while the supermajor integrated companies were only able to tally gains…
