Nov 12- Western Refining Inc said it would buy a controlling stake in Northern Tier Energy LP for about $775 million to add refining capacity with direct access to cheap crude oil.
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Take a look at some of Tuesday's midday movers:
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?
Gasoline prices — along with oil company profit margins — will likely head downward in the next several weeks, but one stock still has growth potential, Deutsche Bank oil analyst Paul Sankey said Thursday on CNBC.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
*Raymond James Raises HollyFrontier Corp target price to $44 from $42. *Raymond James Raises Valero Energy target price to $36 from $32. *Raymond James Raises Western Refining target price to $32 from $31 For a summary of rating and price target changes on U.S. companies:.
Goldman Sachs analysts are favoring four oil-patch stocks, giving them potential six-month price increases of as much as 95 percent. This comes at a time when oil prices, a great determinant of energy companies' earnings and share-price performances, have been highly volatile.
Oil prices continued to march higher Tuesday, nearing $100 per barrel. But Stephen Schork, editor of The Schork Report, told the “Fast Money” team the sharp gains make no reasonable or logical sense.
Two analysts told CNBC Thursday the best way to winterize a stock portfolio is to buy shares of coal or oil companies rather than buying the commodities directly.
Midwest refiners may be in the sweet spot for profits.
Employment numbers may suggest the economy is looking at a double dip, but but the stock market action still suggests a robust second half.
If you're concerned about the light volume in the stock market, trader Pete Najarian says don't be.
Cramer makes the call on viewers' favorite stocks.
Western Refining first started heating up late last year, and the activity returned ahead of a big conference today.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.