Integrated Oil & Gas

By: Mark Sebastian Petrobras (PBR) is sitting on one of the largest oil reserves in the world and oil is not a cheap commodity right now. Yes, oil has been falling, but I do not know anyone that thinks this company has any fundamental problems with it. Brazil has a relatively stable government (...

One of the brighter headlines delivered to investors has been news of the fall of Libyan dictator Muammar Qaddafi and his oppressive regime. The bottom line with this news is that has potential to be good news for select oil stocks. Emphasis on potential. Some oil companies reported disappointing...

The market's recent malaise has shown investors many things and one of them is that developed markets have offered little in the way of refuge. Even excluding the U.S. from the conversation, developed market ETFs have been disappointing as a group lately. Whether it's slack economic growth, a...

Stocks are advancing sharply across the board. This happened after the S&P 500 held the all important 1122 level. This level was the key low for the last three trading days. The move in the markets appears to be a melt up, as short covering starts ahead of a major speech by Federal Reserve...

Shares of Hess (NYSE: HES) are lower on the session by 0.82%, currently trading at $53.47. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $...

Once again, the major stock market indexes have given up the early pre-market gains. The decline in the futures market took place as soon as the U.S. Dollar Index began to trade higher. Traders and investors have seen this inverse relationship between the U.S. Dollar Index and the major stock...

Traders should remember the old market adage, it is not how they open them, it is how they close them. This morning, the major stock indexes started the morning sharply higher, however, that rally began to fade once the opening bell rang at the New York Stock Exchange. Traders are really showing...

Explaining why so many emerging markets ETFs were darlings in 2010 only to fall on hard times this year can be boiled down to one word: Inflation. From Beijing to Bangalore, Sau Paolo to Shanghai, inflation has been an epidemic for at least 75% of the BRIC quartet (and others) to deal with. Worse...

By 10:38 am, the Dow Jones Industrial Average was up 139.33 points, or 1.29%, to 10,956.98, while the broader Standard & Poor's 500 index had gained 12.91 points, or 1.15%. The NASDAQ composite index rose 34.52 points, or 1.47%. Some of the narrow based indexes that are driving the markets...

This is your Benzinga news summary and traders' outlook for Monday, August 22, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. Also, the price of gold hit a new record high, as investors around...

Benchmark has published a research report on Exxon Mobil Corporation (NYSE: XOM) lowering the price target. In the report, Benchmark wrote, "We are raising our full year 2011 and 2012 earnings estimate for ExxonMobil to $8.12 and $6.92 per share, respectively for the two periods, versus $5.98 and...

The Benchmark Company has lowered the price target on Exxon Mobil (NYSE: XOM) from $74 to $64 and maintains its Sell rating.

We could replace Apple (AAPL) with Exxon (XOM) but you get the picture - you can combine the top 32 European banks and they would not be worth as much as either of the 2 companies above.  But they sure cause a lot more trouble. Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent,...

Bank of America has upgraded Suncor Energy (NYSE: SU) from Neutral to Buy.

An enforcement lawyer at the SEC said the agency illegally destroyed thousands of files and documents. The Department of Justice is investigating whether Standard & Poor's improperly rated dozens of mortgage securities. Exxon Mobil Corp. (NYSE: XOM) is fighting with the U.S. government to...