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U.S. Could Step Up Brazilian Oil Purchases
Saturday, March 19, 2011 - 8:41pm | 303Following talks with Brazilian President Dilma Rousseff, President Obama said the U.S. would like to become a major buyer of Brazilian crude in the future. The two are meeting in Brasilia this weekend. Obama made the comments as violence in Libya escalates. While the North African country, the...
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Jefferies Anticipates COP Analyst Strategy Update
Friday, March 18, 2011 - 7:53am | 72ConocoPhillips (NYSE: COP) holds its annual analyst strategy update on Wednesday March 23, 2011, Jefferies reports. “We expect a continuation of the path followed in recent years, with a further shift to higher return investment in E&P, disinvestment in the low return downstream, more...
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Oil's Piracy Premium
Friday, March 18, 2011 - 12:00am | 907Hollywood pirates such as Jack Sparrow and Blackbeard are glorified characters among uncivilized peers, stealing from the rich and acquiring bounties of gold. While the adventures of these 19th century caricatures are entertaining, their 21st century descendants are a growing threat to a shipping...
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Benzinga's Top ETF Gainers, March 17th (DZK, ERX, EZJ, DAG)
Thursday, March 17, 2011 - 5:57pm | 206Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) led the gainers among the ETFs on Thursday, with an increase of 9.37%. DZK closed at $63.24, and it had a volume of 79K traded shares. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) spiked 8.74% as the energy stock traded...
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PetroChina To Ramp Up Acquisitions
Thursday, March 17, 2011 - 1:09pm | 264PetroChina (NYSE: PTR), China's largest oil company, reiterated its pledge to be an active acquirer of global energy assets as the company believes the earthquake and tsunami that struck Japan will increase demand for oil and natural gas. Last year, PetroChina said it would spend $60 billion on...
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An Environmental Clean Up Stock Yielding 4.5 Percent (ECOL, BP, COP, GE, HON, WM, MLX)
Thursday, March 17, 2011 - 11:21am | 797The tragedy in Japan points to the negative potential impact of living in the nuclear age: dangerous byproducts from energy production, such as radiation. But it's not just a reactor meltdown in Japan that needs to be monitored - there are also many types of routine...
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An Environmental Clean Up Stock Yielding 4.5 Percent (ECOL, BP, COP, GE, HON, WM, MLX)
Thursday, March 17, 2011 - 11:21am | 797The tragedy in Japan points to the negative potential impact of living in the nuclear age: dangerous byproducts from energy production, such as radiation. But it's not just a reactor meltdown in Japan that needs to be monitored - there are also many types of routine...
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Bahrain: Oil Price Flashpoint?
Thursday, March 17, 2011 - 10:31am | 734By Josh Lipton It's the still-unfolding crisis in Japan that understandably dominates the headlines but, for the oil market, there is another critically important event for market participants to consider: the dramatic escalation of violence in Bahrain. There, the government has now declared a...
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Early Rally. Watch These Resistance Levels
Thursday, March 17, 2011 - 9:07am | 238Just about every leading stock this morning is catching a bid higher. Short term traders must always guard against chasing a stock that is already stretched and extended. Therefore, we shall isolate a few resistance points on some leading stocks. Exxon Mobil Corp.(NYSE: XOM) is soaring higher this...
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Goldman Sachs Suggests Buying Calls on Select Big-Oil Names (CVE, XOM, MRO)
Thursday, March 17, 2011 - 8:17am | 259Goldman Sachs is out with a research note this morning, where it suggests that traders continue to buy calls on select energy and big oil stocks as volatility is likely to remain high and they expect strong global demand to drive oil prices and oil stocks higher. The analysts selected nine stocks...
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8 Stocks That Will Survive if the Fed Withdraws QE2 This Year
Wednesday, March 16, 2011 - 10:01pm | 156We have a look at some battle-hardened stocks that could survive the morass when the Fed withdraws this round of quantitative easing. Avon (AVP), Cisco (CSCO) and Ford (F) are selling at significant discounts to our fair value estimates. JP Morgan (JPM) and Exxon Mobil (XOM) offer growth potential...
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7 Undervalued Stocks Now Selling at a Discount
Wednesday, March 16, 2011 - 10:00pm | 156We have a look at some battle-hardened stocks that could survive the morass when the Fed withdraws this round of quantitative easing. Avon (AVP), Cisco (CSCO) and Ford (F) are selling at significant discounts to our fair value estimates. JP Morgan (JPM) and Exxon Mobil (XOM) offer growth potential...
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Options Brief: PetroChina Company (PTR)
Wednesday, March 16, 2011 - 11:04am | 93Shares of PetroChina Company (NYSE: PTR) are lower on the session by 0.96%, trading at $134.63. Overall put volume is now running at 4.94x the daily average, with 1% of all puts traded being purchases on the offer. 1,710 contracts have traded on the session so far. PetroChina Company Limited is...
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What's on Your Stock-Shopping List? (XOM, CCJ, NE, FCX, ADM, PCL, CRESY, BHP, RTP)
Wednesday, March 16, 2011 - 10:46am | 1016On Monday I suggested writing up a list of stocks that you'd like to own, or would like to own more of. Shares of almost everything have been getting hammered lately, as the market has looked for an excuse to take a breather from what can only be called a break-neck...
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Citi Maintains Buy Rating for NGLS
Wednesday, March 16, 2011 - 7:11am | 116Citi has issued a report where they assert that the Buy Rating for Targa Resources Partners LP (NYSE: NGLS) will remain. According to Citi, “We reiterate our Buy/High Risk (1H) rating on NGLS and TRGP. The transaction should provide upside to both the GP and LP, fuel future growth and improve risk...