Big oil stocks are still not cheap, but it may be more useful to look at capital expenditures and production estimate metrics.» Read More
Some of Wednesday's midday movers:
Some of Monday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Take a look at some of Friday's midday movers:
YAMOUSSOUKRO, Nov 21- Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday. We expect to finish discussions before the end of the year, "said Ibrahima Diaby, director of hydrocarbons at the ministry,...
M&A is alive and well in the energy sector. Here's the buzz about which companies might be next, says NYSE floor trader Kenny Polcari.
Some of Monday's midday movers:
Three energy stocks are poised to perform well despite falling oil prices, four-star fund manager John Dowd of Fidelity says.
October was a rough month for much of the hedge fund crowd, where many players underperformed the U.S. stock market and wound up with big losses.
This should bolster the case for lifting the ban by oil producers such as Pioneer Natural Resources, Anadarko Petroleum and Marathon Oil, which want an expanded market for their crude. Republican Senator Lisa Murkowski from Alaska, who in January started a campaign to relax the oil export ban, said the report proves that a change in policy would be advantageous...
WASHINGTON, Oct 30- U.S. gasoline prices are mainly set by global oil prices, a government report said on Thursday, a conclusion that should ease concerns among some lawmakers that lifting a crude oil export ban would mean pain at the pump for American motorists. That should bolster the case for lifting the ban among oil producers such as Pioneer Natural Resources,...
*Anadarko in talks with China's CNOOC for major contract. MILAN/ SINGAPORE, Oct 30- Countries across Asia are quietly reaching deals to import liquefied natural gas from Mozambique, which could transform its economy and give it a front-row seat in tapping rising global gas demand. The unannounced agreements, five in total, show how war-scarred Mozambique is...
Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows; however, analysts are slashing estimates.
Some of the names on the move ahead of the open.
Jim Cramer smells something fishy with Goldman Sachs' reduced forecast for brent crude oil.
Producers for American Crude Oil Exports, or PACE, is the first lobbying group to form to reverse the trade restriction passed by Congress in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. As the U.S. oil boom of the last six years builds an excess of crude, calls have risen for Congress and the Obama administration to relax the ban.
Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...
As the market dropped on Wednesday, Jim Cramer thinks this could be an entry point opportunity to buy stocks for those who missed the market bottom.
Some of Tuesday's midday movers:
*World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...