Integrated Oil & Gas

The major stock indexes are all struggling this afternoon to get into positive territory. The Dow Jones Industrial Average, NASDAQ Composite, and the S&P 500 Index have been sold off sharply by the institutional traders since the beginning of May 2011. The major stock indexes are down by about...

Cusick's Corner The market is hovering at the moment, no real change over yesterday's close. Most traders are now watching the 1250 level. Europe was weak overnight and the Euro is dropping, but the headlines are not inspiring much of a trend in the trade so far today, some of the bearish move...

It seems like hardly a week goes by without at least one tidbit of positive news crossing the wires that's related to the Eagle Ford Shale, a 24-county area in South Texas that may be one of the best hopes the U.S. has for making a dent in its dependence on foreign oil. Earlier this week,...

The major stock indexes continue to struggle this morning as the leading indexes trade slightly lower on the session. The large integrated energy stocks are the one strong sector today bucking the recent stock market trend. The energy stocks account for roughly 16.0 percent of the S&P 500 Index...

Total (NYSE: TOT) announces the signing of an agreement with Silex Gas Norway AS, a wholly owned subsidiary of Allianz, to sell its entire stake in Gassled (6.4%) and related entities for a price of NOK 4.64 billion (approximately US$ 870 million). The transaction is subject to approval by the...

Below are the top major integrated oil & gas stocks on the NYSE in terms of cash. Total SA (NYSE: TOT) had $28.33 billion in total cash and $46.82 billion in total debt for the latest quarter. BP plc (NYSE: BP) had $20.16 billion in total cash and $47.10 billion in total debt for the latest...

Norway's currency the krone rallied on Tuesday, appreciating roughly 0.60% against the U.S. dollar. The krone rose against the dollar after a report showed that unemployment in Norway declined more than anticipated, according to Bloomberg. Norway's unemployment rate is 2.5%, highlighting what is...

The markets are floating slightly higher today as the Dollar has fallen sharply once again. Federal Reserve Chairman Ben Bernanke is set to speak at 3:35pm ET today. Knowing this, gave Wall Street a good idea that the markets would most likely see weakness in the Dollar and an up market. The...

BP (NYSE: BP), Europe's second-largest oil company, is taking steps to sell its 50% stake in its joint venture with Russian oligarch investors, TNK-BP, to OAO Rosneft, Russia's largest oil company. The news comes just weeks after the British oil giant made a $32 billion bid for the half of TNK-BP...

Image by Getty Images via @daylife Exxon Mobile Corp (XOM) has maintained its value as the overall markets have turned bearish over the past couple of weeks. The oil/natural gas exploration and development company remains near its 52-week as analyst continue to anticipate strong earnings in the...

In April and May alone, a combined 82 new exchange traded products came to market, again indicating issuers are nowhere close to running short of ideas for new ETFs and ETNs. That's good news for investors, but not everything that is new, ETFs included, is worth embracing. New ETFs are a lot like...

The International Air Transport Association (IATA) reported that it now projects member airlines to make a net profit of $4 billion this year, lower than its earlier March forecast of $8.6 billion. IATA also expects lower passenger and cargo demand. Profits in Asia are expected to drop by 80% from...

This is your Benzinga news summary and trader's outlook for Monday, June 6, 2011, covering headlines from the weekend and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are still trading slightly lower after Friday's disappointing employment data. The U.S....

Statoil ASA (NYSE: STO) agreed to sell a 24.1% stake in a key European natural gas transport venture for 17.35 billion crown ($3.25 billion). The buyer of the stake is Solveig Gas Norway AS, which is 45% owned by Canada Pension Plan Investment Board and 30% by Allianz Capital Partners. STO shares...

Below are the top mid-cap oil & gas refining & marketing stocks on the NYSE and the NASDAQ in terms of PEG ratio Frontier Oil Corporation (NYSE: FTO) has a PEG ratio of 0.22. FTO's trailing-twelve-month ROE is 21.84%. Tesoro Corporation (NYSE: TSO) has a PEG ratio of 0.39. TSO's trailing-...