Integrated Oil & Gas

Once again, the major stock market indexes have come under pressure this morning. Once again, it is the intra-day strength in the U.S. Dollar Index(DXY) that has deflated the major stock indexes. We are living in a society where the stock market can only rally if the U.S. Dollar Index declines....

Jefferies is out with its report today on Chevron (NYSE: CVX), maintaining Buy. In a note to clients, Jefferies writes, "Tengiz in Kazakhstan is one of the world's great oilfields, with estimated recoverable reserves of 9 bn boe. The field delivers twice the unit profitability of the rest of CVX's...

Cusick's Corner The market stayed...constructive but still not able to garner momentum to the upside. The bulls by no means are out of the woods, but the market is setting up for a potential pop, that's if the data that comes out pre-market tomorrow, Personal Income and Spending, does not raise...

On CNBC's Fast Money, Tim Seymour advised the viewers to buy Petroleo Brasileiro SA (ADR) (NYSE: PBR), and Suncor Energy Inc. (USA) (NYSE: SU) on Wednesday. Petroleo Brasileiro (PBR) gained 0.78%, and Suncor Energy (SU) added 2.19%. Guy Adami is a buyer of eBay Inc. (NASDAQ: EBAY). He is not...

ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 8.52% on Tuesday as silver traded higher. This was the second trading session in a row that ZSL closed higher. ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) lost 4.27% today as crude oil rebounded on the weaker dollar. SCO closed today...

Cusick's Corner The Buck firmed into the close while Finance, XLF (thanks Citi +.35 and 9% of the XLF) was the strongest of the offensive sectors, this segment is just off its lows. We may have a consolidation forming in front of the long weekend. In the Commodity markets there was a nice...

Williams Partners L.P. (NYSE: WPZ) announced today that it has received a Letter of Award from Hess Corporation (NYSE: HES) to provide production handling services in the Tubular Bells field development located in the eastern deepwater Gulf of Mexico.  Hess, operator of the Tubular Bells field,...

Cusick's Corner Some readers have asked me what sparked my skepticism last week. Answer: Europe -- specifically the PIIGS. While Greece is that ugly sore that just won't go away, the revelations that Italy may be in trouble has rocked the market since Italy has had the best performing market in...

The markets have slowly faded off the opening highs as fears about the global economy continue. This market is not just worried about the European debt crisis which has bubbled up again, but also the debt ceiling issue in the U.S., inflation, jobs and the end of QE2. There is a ton of gray in the...

The markets are trading slightly higher today as the holiday weekend inches closer. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $132.36, +0.30 (0.23%). There are still faint worries about the European debt crisis but with the Dollar trading lower, the markets are enjoying a break from the...

This morning, the leading energy sector is bouncing higher helping to lift the S&P 500 Index. It is important to note that the energy sector accounts for roughly 16.0 percent of the S&P 500 Index. WTI oil is trading higher this morning by $1.60 to $98.30 a barrel. Leading financial firms...

Marathon Oil Corporation (NYSE: MRO) announced today that the U.S. Internal Revenue Service (IRS) has provided a favorable private letter ruling confirming the tax-free status of the planned spin-off of the Company's downstream business, Marathon Petroleum Corporation. Based on certain facts,...

According to Goldman Sachs, Cabot Oil & Gas (NYSE: COG) price target has been increased to $68.00 from $67.00. Estimates for the current year are $0.87. Cameron International (NYSE: CAM) price target has gone down to $69.00 from $73.00. Estimates for the current year are $2.60. Canadian Natural...

Goldman Sachs is out with its report today on Suncor Energy (NYSE: SU), raising its PT from $62 to $63. Shares of SU closed Monday at $39.67.

International Business Machines Corp. (NYSE: IBM), following the lead of Apple (NASDAQ: AAPL), has pulled ahead of Microsoft (NASDAQ: MSFT) in overall market capitalization, dealing yet another blow to the software giant. Shares of IBM have gained more than $20 since the beginning of the year, now...