Integrated Oil & Gas

Cusick's Corner I wanted to discuss selling options in this afternoon's Corner. Generally speaking, option selling is a more aggressive strategy compared to option buying. The option seller has an obligation to buy or sell the security which can expose a trader to greater risk. Therefore, it is...

Murphy Oil (NYSE: MUR) Reports Q1 EPS of $1.38 vs. $1.00 Estimate; Revenues $7.35B vs. $7.57B Estimate

Cusick's Corner Support -- that is what the market is looking at into the Midday and After Hours sessions. This pullback is not the surprising but if support is not held, 134 in the SPY, a drive to April lows are in the sights of the bears. Volatility has not popped on the pullback today but it...

Western Gas Partners (NYSE: WES) Reports EPS of $0.43 vs. $0.40 Estimate; Revenues $136M vs. $125.37M Estimate

Bloomberg reports that BP (NYSE: BP) gasoline station operators sue over sales software.

Oil stocks have collapsed this week, a sell off of monumental proportions. The drop was almost too obvious as oil was at a level where if it moved up, the oil stocks would sell off and if it moved down, oil stocks would also sell off. This was a no win situation for stocks like Chevron Corporation...

This morning, the major stock market indexes are coming under some heavy selling pressure. The decline in the major stock indexes looks to be very broad based. The one sector that is leading the decline this morning looks to be the large integrated energy stocks. Stocks such as Exxon Mobil Corp.(...

Time Warner Inc (NYSE: TWX) reported better-than-expected adjusted profit for the first quarter on Wednesday. The company's quarterly profit dropped to $653 million, or $0.59 per share, from $725 million, or $0.62 per share, in the year-ago quarter. The company's adjusted earnings came in at $0.58...

Chevron Corporation (NYSE: CVX) has announced today that it has agreed to acquire oil and gas assets, primarily 228,000 net leasehold acres, in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. Terms of the transaction, which is expected to close before the end of the second...

According to Deutsche Bank, Marathon Oil (NYSE: MRO) saw a post-split-time performance. Deutsche Bank said that the good news is that the company is relatively cheap-looking. “The bad news is that the side with the stronger operational record and management reputation, in the mind of the market,...

Gainers (% price change): Intl. Coal Group Inc. (ICO) a producer of coal in Northern and Central Appalachia with a range of mid- to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal is trading at a price of $14.42, a dramatic change of +3.39 (30.73%) from its...

Statoil ASA (NYSE: STO) reported its Q1 net profit at NOK15.98 billion ($3.02 billion), versus NOK11.11 billion, in the year-ago quarter. However, analysts were expecting a profit of NOK14.02 billion. Statoil reported its total oil and gas production at 1.765 billion barrels of oil equivalents a...

ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Tuesday, with a loss of 10.63%. AGQ closed at $264.97, and it had a volume of 5.84M traded shares. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) lost 7.29% today as ConocoPhillips (NYSE: COP) traded 3.80% lower....

ProShares UltraShort Silver (ETF) (NYSE: ZSL) spiked 10.14% today as silver traded sharply lower for the second day in a row. ZSL closed at $17.51, and it had a volume of 45.24M traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 7.28%, and closed at $14.14. In the energy...

Cusick's Corner Defense is in play. The VIX continues higher, 3 up days in a row, Financials (XLF) and Tech (QQQQ) lag and are now well behind Consumer Staples (XLP) and Healthcare (XLV). There's been a rush to Consumer Staples like toothpaste, beverages, soap, and Drugs (not the illegal kind!),...