Integrated Oil & Gas

My first foray into investing in China for clients was in 2003 with Petrochina (PTR) which I later replaced with Sinopec (SNP). When I first started blogging I specifically made two overriding points, one was that China was clearly becoming more important in the world economic order (I obviously...

Benchmark made a number of updates in a research report published today. Marathon Oil (NYSE: MRO) had its rating reiterated at Sell. At the same time, its price target was reduced to $23. On Wednesday, Marathon Oil lost 3.7% of its value to end the day at $32.81. Its shares rebounded in today's...

Benchmark reiterated its Sell rating on Marathon Oil (NYSE: MRO). At the same time, the rating agency reduced its price target on the company's stock to $23. On Wednesday, Marathon Oil lost 3.7% of its value to end the day at $32.81. Its shares regained some of yesterday's losses in today's pre-...

Gary Pruessing, president of ExxonMobil (NYSE: XOM) Pipeline Company, will provide an update to the media on the company's response to the release of oil into the Yellowstone River. Media can dial in on Wednesday, July 6 at 3 p.m. Mountain Time with the following information:

The wild swings in oil prices the last decade highlight a possible coming trend in economic and energy news, specifically around the questions of what is most economically feasible for the world going forward. Non-renewable resources are disappearing, and some companies are stepping up with new...

The governor of Montana, Brian Schweitzer, was on Rachael Maddow's show on MSNBC last night to discuss the effects of Exxon Mobil's (NYSE: XOM) oil spill in the Yellowstone River. The spill occurred over the weekend and has contaminated water supplies and ranch lands along a scenic and pristine...

I spent this Independence Day in a small town near the border of Chenango and Cortland counties in upstate New York. My brother-in-law has a small cabin on a lake in the area, and we head up there a few times a year for sailing, fishing, biking, hiking and relaxation. The area...

This morning, the major stock market indexes are pulling back slightly. The pullback in the stock market indexes come as the U.S. Dollar Index begins the morning trading higher. Often, when the U.S. Dollar Index starts the day higher before the opening bell, it will fade throughout the trading...

This morning, the People's Bank of China announced it would be raising its key interest rate by 25 basis points, effective tomorrow to combat price stability and curb inflation. The move had been expected, but what was not expected was the timing. Foreign exchange strategists had been expecting...

Western Gas (NYSE: WES) announced its second acquisition so far this year “and increased the distribution to $0.405/unit ($1.62 annualized), which is up ~16% YoY and ~3.8% sequentially,” Citi writes. “The announced acquisition is a drop-down from Anadarko Petroleum (NYSE: APC) of a natural gas...

Bank of America Merrill Lynch is out with its report today on Western Gas Partners (NYSE: WES), raising its PO from $38 to $40. In a note to clients, Bank of America Merrill Lynch writes, "We are modestly raising DCF and cash distribution estimates for WES based on the acquisition announcement,...

Bank of America has raised the price objective on Western Gas Partners (NYSE: WES) from $38 to $40 and maintains its Buy rating.

On CNBC's Fast Money, Brian Kelly said that he would buy iShares Silver Trust (ETF) (NYSE: SLV) on Wednesday. iShares Silver Trust (ETF) (SLV) gained 4.94% today, and it closed at $34.63. Mike Khouw is bullish on Chevron Corporation (NYSE: CVX), and he wants to use options to get long. Chevron...

Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...

Shares of Ameron International Corp (NYSE: AMN) gained about 27% after National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share...