Integrated Oil & Gas

Morgan Stanley is upgrading Hess Corporation (NYSE: HES) to Overweight as the stock's almost unprecedented discount to oil looks unsustainable. Oil is up 16% YTD, HES has the second highest and growing oil leverage in the group and recently made an exploration discovery in Ghana, yet the stock is...

The Chairman of Sasol (NYSE: SSL), Hixonia Nyasulu, today announced the appointment of David Constable as Chief Executive designate, effective 6 June 2011. Constable is currently Group President, Operations at Fluor Corporation.

Morgan Stanley has upgraded Hess Corporation (NYSE: HES) to Overweight with a $105 price target.

Cusick's Corner So where's the market going? If I knew that I wouldn't be writing this piece. But I can look to the options marketplace for clues by pricing the at-the-money straddles, buying a call and a put at the same strike price in the same expiration month. Straddle traders are usually...

Cusick's Corner When one commodity goes, the rest will follow. That is a 10,000 foot perspective, but when you saw Silver, SLV, tip and the margin requirements adjust up, so far twice, levered players are going to have to make some shifts. We also have a Dollar, UUP, firming today and the Base...

West Texas Intermediate crude oil closed pit trading at $99.64 per barrel, down $9.60 on the session. It's been quite a while since oil prices have closed below $100 per barrel, as traders and investors fear that higher oil prices will lead to sharply lower demand. Companies like Exxon Mobil (...

Occidental Petroleum Corporation (NYSE: OXY) said today that its board of directors has declared a regular quarterly dividend of $0.46 per share on common stock payable on July 15, 2011, to stockholders of record as of June 10, 2011.

The Dollar ripped higher today causing commodities to be annihilated. The Dollar jumped on ECB comments that pushed the Euro lower. The PowerShares DB US Dollar Index Bullish (NYSE: UUP) hit a high of $21.18, +0.23 (+1.07%). This is a gigantic move in the Dollar. The Dollar has been collapsing...

This morning, WTI oil is trading sharply lower by $3.74 to $105.51 a barrel. When the U.S. Dollar rallies higher most commodities will come under some selling pressure. The United States Oil Fund(NYSE: USO) is trading lower by $1.32 to $41.94 a share. Traders can watch the $40.90 area for intra-day...

It was 86 years ago today that Tennessee made a monkey of itself, arresting biology teacher John Scopes for violating the Butler Act by teaching the theory of evolution in a classroom. The trial, which drew attention to the line between scientific and superstitious thinking in many parts of the...

According to Oppenheimer, Murphy Oil (NYSE: MUR) 1Q11 earnings were $268.9M, or $1.38/share, $0.38 above consensus estimate of $1.00/share and earlier company guidance, and were up 40% from a year ago, and 54% sequentially, primarily from higher oil prices, which were partially offset by lower...

Targa Resources (NASDAQ: NGLS) Reports EPS of $0.16 vs. $0.25 Estimate; Revenues $1.62B vs. $1.88B Estimate

Gainers: The Procter & Gamble Company (NYSE:PG) focused on providing consumer packaged goods is trading at a price of $66.47, a dramatic change of 1.16% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of...

ProShares Ultra Silver (ETF) (NYSE: AGQ) fell 11.61% on Wednesday as silver continued to trade lower. AGQ closed at $234.20, and it had a volume of 5.58M traded shares. ProShares Ultra MSCI Brazil (NYSE: UBR) dropped 5.28% today, and it closed at $32.27. Petroleo Brasileiro SA (ADR) (NYSE: PBR)...

ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded higher on Wednesday for the fourth trading session in a row. ZSL spiked 11.07% today, and it closed at $19.45. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) gained 5.04% today, and it closed at $18.12. Vale (ADR) (NYSE: VALE),...