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Crude Run Response to Canadian Wildfires 05-18-2011
Wednesday, May 18, 2011 - 5:34pm | 927Cusick's Corner Equities and commodities bounced into the afternoon but I'm skeptical of this move with the Buck firming and the Euro unable to break out with the market. Now the crude run is more of a fearful response to the wildfires in Canada that may cause a potential slowdown in oil sands-...
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Benzinga's Top ETF Gainers, May 18th (DAG, AGQ, ERX, SOXL)
Wednesday, May 18, 2011 - 4:13pm | 175PowerShares DB Agriculture Double Long ETN (NYSE: DAG) spiked 7.59% as analysts lowered their estimates for French harvest. DAG closed at $14.66, and it had a volume of 1.01M traded shares. It's average volume is 486K shares. ProShares Ultra Silver (ETF) (NYSE: AGQ) gained 7.05%, and it closed at...
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Expiration Unwind 05-18-2011
Wednesday, May 18, 2011 - 2:14pm | 957Cusick's Corner The market has held into this expiration week. We are at critical levels and the bulls need to break 1333 on the S&P June futures. It's Wednesday, a critical point in the week because there are institutions that are starting to unwind monthly trades which often creates volume...
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Benzinga's Political Roundup (XOM, COP, C)
Wednesday, May 18, 2011 - 11:04am | 199European officials are trying to keep their hold on the head of the International Monetary Fund, as there is mounting pressure for Dominique Strauss-Kahn, to step down. The Federal Reserve wants to do annual stress tests on the banks, and reserve the right to veto dividend pay outs should they not...
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Market Mastery: Keys To The Up Day
Wednesday, May 18, 2011 - 10:46am | 341The markets turned higher from the start, inching as the Dollar faded. The classic inverse Dollar trade still holds 100% true. The Dollar opened flat to higher and faded to the negative side. Because of that, the markets opened flat to lower and advanced. The SPDR S&P 500 ETF (NYSE: SPY) is...
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Previewing & Trading Today's Oil Inventory Report
Wednesday, May 18, 2011 - 9:11am | 197Today at 10:30 a.m., the Department of Energy will release its oil inventory report, and many people will be taking attention to this report closer than usual, as oil prices have dropped sharply from their highs on concerns that demand will not be as strong as previously thought. Economic data...
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Why Oil Companies won't continue their profitable run?
Wednesday, May 18, 2011 - 8:39am | 1608While major Oil Companies have felt the recession, they're still high enough to indicate a killer business. Majority of oil companies been steadily raising dividends by a decent average Chevron (CVX)- a trailing annual dividend yield of 2.6%, ExxonMobil (XOM), one of the world's largest oil...
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BP's Russian Folly Opens The Door For Rivals
Wednesday, May 18, 2011 - 2:21am | 326BP's (NYSE: BP) loss in Russia could be a major gain for one of the British oil giant's chief rivals as Russia's Arctic region, one of the most sought-after untapped oil destinations in the world, comes back onto the market after BP and OAO Rosneft, Russia's largest oil company, failed to come to...
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Checking In: A Forgotten Global Oil Play
Tuesday, May 17, 2011 - 1:25pm | 459The universe of equity-based oil ETFs is now so expansive that it's not unheard of for a few funds to fall through the cracks. In particular, ETFs that focus on international oil companies seem to struggle to captivate investors here in the States as ETFs like the Energy Select Sector SPDR (NYSE:...
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10 Stocks Billionaire Steven Cohen Is Buying
Tuesday, May 17, 2011 - 1:00pm | 246(TheStreet) -- Steven Cohen's SAC Capital, known for its trading-oriented style to investing, made big bets in the first quarter while adding to key positions in Newmont Mining (NYSE: NEM) and communications company CenturyLink (NYSE: CTL). Cohen's Stamford, Conn.-based hedge fund firm, which...
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Woodford Shale and Bakken Energy Stocks
Tuesday, May 17, 2011 - 10:57am | 1232Point Roberts WA - May 17, 2011 - www.Investorideas.com, an investor research portal specialized in sector research including oil and gas stocks, issues a sector close up on oil and gas shale stocks as the plays heat up. High oil prices have brought in more players into the shale stock plays. An...
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UPDATE: Morgan Stanley Lowers PT on Murphy Oil to $90 (MUR)
Tuesday, May 17, 2011 - 8:46am | 152Morgan Stanley is out with its report today on Murphy Oil (NYSE: MUR), lowering its PT to $90. In a note to clients, Morgan Stanley writes, "We re-examined our investment thesis after recent disappointments and analyst meetings. From current levels, we believe MUR will be a relative outperformer...
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Jacobs to Collaborate on Commercialization of Proven BP / Davy Fischer Tropsch Technology
Tuesday, May 17, 2011 - 6:46am | 67Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been selected by both BP (NYSE: BP) and Davy Process Technology Ltd, to help seek deployment opportunities for the proven BP / Davy Fischer Tropsch process, on a non-exclusive basis. Under the agreement, Jacobs is providing...
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AAR To Continue Talks On Potential Pact Among BP, Rosneft, AAR
Tuesday, May 17, 2011 - 6:25am | 255BP (NYSE: BP) and Alfa- Access- Renova announced today that they would intensify their efforts to ensure TNK-BP's continued success following the lapse of the BP-Rosneft share swap transaction (and the related Arctic exploration opportunity) originally announced on 14 January 2011. In...
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BP/Rosneft Pact Falls Apart
Tuesday, May 17, 2011 - 3:27am | 319BP's (NYSE: BP) proposed $16 billion share swap with OAO Rosneft, Russia's largest oil producer, has fallen apart after the British oil giant and Rosneft failed to reach an agreement to acquire TNK-BP, BP's joint Russian venture with oligarch investors. BP and Rosneft reportedly offered $32...