It has become commonplace among analysts and oil traders to fear that crude prices are up so much that inflation will have to return the market. A recent piece from Reuters reinforces…
We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today’s markets: Oil stocks…
Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters: WHO declared a flu epidemic Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters: US is…
Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial…
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate…
The big news this morning is a restructuring at Royal Dutch Shell plc (NYSE:RDS.A) as the oil major welcomes a new chief executive on July 1st. The company is dividing its business…
China Petroleum (PTR) is buying 45.5% of Singapore Petroleum for just over $1 billion and will probably move to purchase the balance of the company. China recently proposed a deal to lend…
Reuters: Magna and Fiat improved bids for Opel as competition for the firm rose. Reuters: The air cargo market, a key global indicator, has probably bottomed. Reuters: Banks are coming up with…
The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late…
Japan’s Nikkei newspaper has reported that Exxon Mobil Corporation (NYSE:XOM) has reach an agreement to sell about 1.5 billion cubic meters/year of natural gas from the Sakhalin-1 project to Russia’s gas monopoly…
Douglas A. McIntyre Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus estimates of…
According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG will buy…
Exxon Mobil Corp. (XOM) got to see exactly what the impact of lower oil prices does to the top-line. The company posted earnings of $0.92 EPS, which is down from $2.02 a…
Douglas A. McIntyre