2:43pm ET
Energy
Big Oil Fares Poorly With Drop in Oil Prices
As oil went from $105 to under $85 in just over a month, you can imagine that the drop was not too good for Big Oil. In fact, the news was pretty…
XOM Coverage Page 156
2:36pm ET
Energy
Outlook for Oil Refiners “Reasonable” Says Fitch (VLO, MPC, PSX, TSO, WNR, HFC, XOM, CVX, COP, BP)
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The reason is…
6:34am ET
Media
Media Digest (5/31/2012) Reuters, WSJ, NYT, FT, Bloomberg
Annual meetings of Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) will include questions about fracking. (Reuters) Ford (NYSE: F) will begin to buy out some of its pension funds. (Reuters) JP…
2:58pm ET
Energy
Exxon Considering Natural Gas Exports (XOM, CHK, EOG, APA, ECA, LNG)
At the company’s shareholders meeting today, the CEO of Exxon Mobil Corp. (NYSE: XOM) said that Exxon is studying the possibility of exporting natural gas from the US Gulf Coast and Canada.…
11:11am ET
Energy
After the Fall: Value in Oil Stocks (XOM, CVX, BP, SLB, HAL, BHI, VLO, MPC, TSO, OIH, XOP)
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% in the…
8:58am ET
Energy
Coal, Natural Gas Reaching Price Parity (XOM, CHK, EOG, CNX, BTU, ANR, ACI)
Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the picture, as…
2:27pm ET
Apps & Software
When Apple Drops Over $100 From Highs… What Happens Next
Apple Inc. (NASDAQ: AAPL) has been a phenomenal growth story. It is the ultimate turnaround story of mega-proportions. The stock is also up 32% so far in 2012. The problem is something…
6:32am ET
Papua New Guinea LNG Project Threatened
Canada-based exploration & production company InterOil Corp. (NYSE: IOC) said yesterday that it believes the government of Papua New Guinea (PNG) is preparing to cancel the agreement under which the company is…
Paul Ausick 1:34pm ET
Energy
Fitch Reviews Oil & Gas Operations and Reserves
Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and acquisition (FD&A)…
11:03am ET
Investing
Short Sellers Cast a Wide Net (ACI, XCO, SD, FST, XOM, DUK, AMD, SNY, PFE, NOK, BKS, SVU, PBI, DV, BPI)
The energy sector saw a lot of activity from short sellers in April, but other stocks saw some action as well. We’ve already covered some of the bigger names here and some…
12:24pm ET
Investing
Major Reactions As Crude Marches Down Through $100/Barrel (USO, OIH, AMJ, XOM, CVX, SLB, BHI, RIG, NOV, VLO, CHK)
It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. …
8:01am ET
Energy
$100/barrel Crude Good for OPEC, Not So Good for Supermajors (XOM, CVX, COP, TOT, BP, BX)
At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range and that…
8:04am ET
Energy
Chesapeake Shares Diving on Results, McClendon (CHK, XOM, EOG)
Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) reported first quarter results after the markets closed yesterday. The company missed the headline numbers, but that’s not the company’s biggest problem. That would…
6:24am ET
Energy
BP Profits Off
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in…
6:07am ET
Investing
What’s Important in the Financial World (5/1/2012) Financials Lift DJIA for Q1, Bank of America Layoffs
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…