Oil and Gas


  • Summer of Pressure for Big Three? Friday, 4 May 2007 | 1:14 PM ET

    There's plenty of talk today about the possibility of $4 gas this summer. If that happens, this could be one long hot summer for the Big Three. Thursday, when I talked with him, General Motors CEO Rick Wagoner indicated the country's largest automakers are already noticing a repeat of last year, when buyers moved from big rigs (trucks and SUVs) and more towards smaller cars.

  • Today's Trivia Questions For Bonus Bucks Friday, 4 May 2007 | 10:54 AM ET

    Hey everyone. Here are today's trivia questions; The video question is worth $2,000 Bonus Bucks: Gas prices have surged over the past month. How much have gas prices increased over the past month? Your selection of answer is: $0.37 or $0.10 or $0.50 or $0.30. The news question is worth $1,000 Bonus Bucks: Eastman Kodak reported a loss of how much for the first quarter of 2007? Your selection of answers is: $151 Million or $160 Million or $138 Million or $110 Million.

  • Top Name Holds But "Footing" Is Shaky Friday, 4 May 2007 | 9:44 AM ET

    Good morning all. Shi Nisman and Serge Amelyan maintain the top two positions on the overall leaderboard. Shi Nisman is now all in cash, but Serge executes 2 transactions (one with a footwear company) that could propel him into the lead. Shi is in first with a total portfolio value of $4,727,507.23 up $119,026.20 from his gains on Sinopec Shanghai Petrochem up 2.52% on Thursday. Shi is now all-in cash.

  • Total First-Quarter Net Profit Falls 17% Friday, 4 May 2007 | 3:23 AM ET

    French oil major Total said Friday first-quarter net profit dropped 17% as improving refinery margins failed to offset lower crude prices and a weaker dollar.

  • Landmark Oil Find Fuels PetroChina Share Rally Friday, 4 May 2007 | 12:34 AM ET

    Shares in PetroChina, Asia's largest oil and gas producer, surged as much as 12% on Friday after it unveiled one of the world's biggest oil finds this decade.

  • U.S. crude oil futures ended lower for the fourth consecutive session, as Nigerian militants freed several hostages taken from an Italian-operated oil field.

  • Stocks Finish Higher as S&P 500 Closes Above 1,500 Thursday, 3 May 2007 | 4:21 PM ET

    The S&P 500 index closed above the 1,500 level for the first time in nearly seven years but overall gains were modest amid concern the market may be reaching a top.  "There is a lot of good news out there but we caution investors that it has been quite a while since a pullback in the stock market," said Alan Skrainka, chief market strategist at Edward Jones. "That concerns us a little bit."

  • The S&P 500, which passed 1,500 for the first time in seven years Thursday, could reach 1,650 this year, according to Tony Dwyer, equity market strategist for FTN Midwest Securities. “I think we’re going to have double-digit returns from here,” Dwyer said on "Morning Call."

  • Actors Lead The Way In "Star Trading" Thursday, 3 May 2007 | 11:22 AM ET
    James Tucker

    The first four celebs remain the same in Trading With The Stars--and all actors. Actor Jonathan Tucker maintains his vice grip on first place with gains in Starwood Hotels and Washington Grp. Actor James Cromwell holds onto second place, as fellow actors Stephen Collins remains in 3rd and Ernie Hudson in 4th.  Meanwhile--another actor--Willie Garson muscles his way from 9th to 5th on an all-in trade on ACME Packet up 4.05% on Wednesday. Wow--either actors are great stock pickers are they're ALL getting great advice. That leaves a financial guru, comedienne, champion poker player, political guru and Hall of Famer--in that order.

  • Global Stocks Report: Let's Go Europe Thursday, 3 May 2007 | 10:54 AM ET

    European stocks are once again expected to outperform U.S. ones and may even post gains superior to many of the hottest emerging markets.

  • Robert Pavlik, chief investment officer for Oaktree Asset Management, told CNBC’s “Morning Call” that he expects the market to pull back this summer. “I think the economy is still in a mid-cycle slowdown,” Pavlik said Thursday.

  • Leaderboard: Top Spot Widens Margin On Earnings Thursday, 3 May 2007 | 9:48 AM ET

    Good morning. Shi Nisman widens his lead with a 9.74% gain with SPX Corp Wednesday, and Serge Amelyan holds firm onto second place. Shi is in first with a total portfolio value of $4,608,481.03 up $408,574.48 from Tuesday's total on gains in SPX Corp up 9.74% on Wednesday because of strong earnings. Shi is now all-in on Sinopec Shanghai Petrochemical  on earnings news.

  • General Motors Chairman and Chief Executive Rick Wagoner.

    Richard Wagoner, chief executive officer at General Motors, told CNBC’s “Squawk Box” that he’s confident the company’s North American operations can be profitable.

  • Power monopoly Korea Electric Power posted on Thursday a better-than-expected rise in quarterly profit on tariff hikes and lower fuel costs. 

  • Dow Sets Another Record as Financials, Telecoms Rally Wednesday, 2 May 2007 | 4:36 PM ET

    Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."

  • As earnings season winds down, analysts are already looking for the next catalysts that will drive the markets.  "For all intents and purposes, we are pretty much through with earnings season," said James Maguire, floor broker for Christopher J. Forbes.  "Now the focus in the market is going to shift to something else.  Among the things we are looking at - certainly, the economic data."

  • U.S. crude oil futures ended lower for the third day in a row after government data showed supplies last week rose within market forecasts.

  • Celeb Tucker Holds Lead: Cromwell Takes 2nd Spot! Wednesday, 2 May 2007 | 11:52 AM ET
    James Tucker

    Actor Jonathan Tucker holds the lead in Trading With The Stars--as Ernie Hudson falls to 4th place from 2nd on a 30% decline on I2 Technologies. Meanwhile, James Cromwell moves into second followed by Stephen Collins in third. Only $982 separates James and Stephen--and lower down in the rankings--only about $200 separate Chris Moneymaker and Judy Gold. Willie falls from 5th to 9th losing over $72K and falling under $1M in total portfolio value, taking a hit on his sale of Glatfelter--which fell almost 7% Tuesday.

  • Robert Levitt, president and chief investment officer at Levitt Capital Management, told CNBC’s “Morning Call” that inflation, not a slowing economy, threatens to trip up the bull market.

  • Devon Energy, an independent oil and gas producer, reported a 7% drop in first-quarter profit due to rising costs and lower natural gas prices.

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