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J.P. Morgan Maintains Neutral Rating On Marathon Oil After Acquisition
Thursday, June 2, 2011 - 6:31am | 96According to a recent report, J.P. Morgan has maintained a Neutral rating on Marathon Oil (NYSE: MRO) after the company's Eagle Ford acquisition and a conference call on Wednesday that provided additional details on the production and development of the company. In the report, J.P. Morgan said, "...
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Mad Money Lightning Round: Cramer Advises Investors To Buy McDonald's
Wednesday, June 1, 2011 - 11:49pm | 170On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he likes Petroleo Brasileiro's (NYSE: PBR) “oil fields but not the stock." For Limelight Networks (NASDAQ: LLNW), he said, "I think there are worries on both sides. I think it's a soft patch for tech, but I still like it."...
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Feds Claim Anadarko Liable For Gulf Spill -- Bloomberg
Wednesday, June 1, 2011 - 4:11pm | 207Anadarko Petroleum (NYSE: APC), which held a 25% non-operating interest in the Macondo well project, is liable for damages under the Oil Pollution Act and Clean Water Act, the Justice Department claims, according to a report by Bloomberg News. Texas-based Anadarko asked a federal judge to dismiss...
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11 Energy Companies That Hedge Funds Are Buying Like Crazy
Wednesday, June 1, 2011 - 12:03pm | 724Insider Monkey follows hedge fund managers because they're the smartest investors around. They leave less to chance than most investors. They go great lengths to get an “edge” over ordinary investors. Hedge fund managers also have the resources to do extensive research on public companies and they...
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Deutsche Bank Has Buy On Occidental Petroleum
Wednesday, June 1, 2011 - 6:43am | 196Deutsche Bank has a Buy rating and a $126 price target on shares of Occidental Petroleum (NYSE: OXY) after the company hosted an analyst meeting. In a note to clients, Deutsche Bank writes, "Of course the elephant in the room was California. Chazen spoke about operational constraints that support...
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KKR to Sell Principal Unit of Hilcorp to Marathon Oil, Total Transaction Valuation of $3.5B
Wednesday, June 1, 2011 - 6:32am | 186Kohlberg Kravis Roberts & Co. L.P. today announced the exit of its investment in Hilcorp Resources Holdings LP , with the signing of a definitive agreement to sell the principal subsidiary of Hilcorp Resources for a total transaction valuation of $3.5 billion to Marathon Oil Corporation (NYSE:...
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Benzinga's Top ETF Decliners, May 31st (CZI, DPK, TVIX, DRV)
Tuesday, May 31, 2011 - 6:18pm | 185Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) dropped 7.30% on Tuesday as PetroChina Company Limited (ADR) (NYSE: PTR) traded 3.27% higher. Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) closed its fifth consecutive trading session in the negative territory. DPK fell 5.88...
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Benzinga's Top ETF Gainers, May 31st (CZM, DZK, TAN, DRN)
Tuesday, May 31, 2011 - 6:08pm | 210Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 6.43% on Tuesday, and it closed at $51.01. PetroChina Company Limited (ADR) (NYSE: PTR) is a component of the BNY China Select ADR Index, and it gained 3.27%. Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) jumped 6.18%...
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Stocks Get Boost From Greece Bailout Talk
Tuesday, May 31, 2011 - 1:15pm | 124(TheStreet) -- Stocks were higher Tuesday on hopes that European officials may approve a new aid package for Greece, but gains were tempered by disappointing domestic economic data. The Dow Jones Industrial Average was up by 53 points, or 0.4%, at 12,494 after surging to as high as 12,574 early in...
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Checking In: Solid Start For First Trust Brazil ETF
Tuesday, May 31, 2011 - 12:58pm | 390When First Trust, the Illinois-based ETF issuer with over $8 billion in assets under management, rolled out its suite of AlphaDEX international ETFs last month, we noted one of the more interesting options within group was the First Trust AlphaDEX Brazil Fund (NYSE: FBZ). We also noted FBZ was...
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TNK-BP Said To Be Interest In ConocoPhillips Vietnam Assets
Monday, May 30, 2011 - 9:32pm | 114TNK-BP, BP's (NYSE: BP) joint Russian venture with billionaire investors, is reportedly interested in acquiring the Vietnam assets of ConocoPhillips (NYSE: COP), the third-largest U.S. oil company. Those assets could be valued at as much as $1.5 billion, according to the London daily The...
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Chevron Wins Bulgarian Shale Rights
Monday, May 30, 2011 - 9:09pm | 144Chevron (NYSE: CVX), the second-largest U.S. oil company, won rights from Bulgaria's government to explore for shale gas in the Eastern European country's Northeastern region. The company will pay the Bulgarian government $43 million, Bloomberg News reported. The deposits Chevron will explore hold...
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Mad Money Lightning Round: Cramer Likes Siemens
Thursday, May 26, 2011 - 11:39pm | 344On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Siemens (NYSE: SI) has “always been one of my favorites. A lot of people are worried about Germany but I'm not." For Lululemon Athletica (NASDAQ: LULU), he said. "That downgrade was pretty powerful. I don't agree with the sell...
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Benzinga's Top ETF Gainers, May 26th (VNM, DRN, TNA, EDC)
Thursday, May 26, 2011 - 6:02pm | 218Market Vectors Vietnam ETF (NYSE: VNM) jumped 4.56% on Thursday, and it closed at $20.40. VNM broke its eight day losing streak today. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 4.42%, and it closed at $76.36. In the semiconductor space, Boston Properties, Inc. (NYSE: BXP) gained...
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Four Latin America ETFs Your Broker Forgot To Tell You About
Thursday, May 26, 2011 - 1:59pm | 519The rapid growth of emerging markets ETFs as a sub-sector of the ETF universe has been particularly beneficial for investors seeking exposure to Latin America, and yes, that means more than just Brazil. Sure, there are currently almost 70 ETFs offering exposure to Brazil, the region's largest...