Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
In a perhaps late research call in the oilpatch, Goldman Sachs has downgraded the exploration & production sector to Neutral from attractive and downgraded the oil services sector to Neutral from Attractive. …
After the market closes today Chevron (NYSE:CVX) is releasing its interim update for the third quarter of 2008. Typically these updates paint a pretty accurate picture of what investors can expect from…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
The latest theory about Big Oil is that it will be brought down by falling oil prices. Shares in companies such as Exxon (XOM) and BP (BP) will be battered beyond recognition.…
It’s no secret that share prices for big oil are down over the past 12 months. These oil giants have fallen sharply from highs when oil was in the $140’s per barrel. …
It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession are doing…
The cost of a barrel of crude has fallen from $147 this summer to $95. On the abacus that is a drop of 36%. Gas is not down nearly that much and…
Douglas A. McIntyre These are some of the upgrades and positive analyst calls we are seeing this Wednesday morning: American Tower (AMT) Raised to Buy at Goldman Sachs. Energy Solutions (ES) Raised to Outperform at…
Hope dies hard. A lot of Wall St. analysts still think that earnings from the S&P 500 companies will be up in aggregate in Q4 2008 compared with the same quarter last…
The ups and downs of the government’s attempts to get a bailout package for financial institutions is leading the major players in the oil patch to remain really quiet. Given the yelping…
As you will see below, there were many key changes to short sales in oil stocks. Some of these would have been expected to have gone up because oil was so weak. …
A good thing happens, but a bad thing happens. The current market works that way. All the arrows never point in the same direction. As word of the government’s bank bailout spread,…
The effects of Hurricane Ike on the Gulf Coast are still being sorted out, but, so far reported infrastructure damage is light. That may change as producers, refiners, and pipeline operators begin…
Oil refiners have had a very tough year. Since January, Marathon’s (NYSE:MRO) stock is off nearly 30%, Valero (NYSE:VLO) has plunged more than 50%, and Tesoro (NYSE:TSO) is off more than 60%.…
