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Play Brazil ETF: An Ideal Short-Term Play
Thursday, February 24, 2011 - 2:41pm | 281Alright, let's clarify right away. That title means the iShares MSCI Brazil Index Fund (NYSE: EWZ) is definitely worth watching over the next couple of days. Brazil ETFs have not been much fun to be involved with this year, but EWZ, the most popular of the lot, has started to show signs of life...
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One of the Safest and Best Ways to Earn High Energy Income
Thursday, February 24, 2011 - 12:58pm | 135Here's where it gets tough for investors... As longtime DailyWealth readers know, you can make huge gains as a stock goes from "bad to less bad." But should you buy at "things are great" levels? In the depths of the credit crisis, I recommended buying shares of super major oil producer...
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Oil Fades As Panic Subsides
Thursday, February 24, 2011 - 11:55am | 292Fear and panic have driven the oil market sharply higher over the last few days. Just last week crude oil was trading at $85 per barrel. Overnight, spot crude hit $103.00 per barrel. This massive spike was all on the back of unrest in the Middle East. Libya is now in what appears to be a civil war...
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Stockopedia FTSE 100 Wrap: Middle East turmoil impacts London stocks
Thursday, February 24, 2011 - 10:49am | 873With two long-term North African leaders overthrown and big question marks over the short term prospects for two others, it was little surprise to see London's index of leading shares lose ground this week. After touching a year-high of 6,100 points towards the end of last week, the FTSE 100 (UKX)...
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Anadarko Expects to Raise Volume to Range of 244 to 248M BOE
Thursday, February 24, 2011 - 8:51am | 212Anadarko Petroleum Corporation (NYSE: APC) today announced its 2011 capital program and guidance, and provided additional information on several operating areas. We've designed a portfolio that has produced record results in recent years, and generated significant momentum for continued...
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Energy Companies Hacked, But They're Not Talking About It (XOM, RDSA.L, BP, MRO, BHI, COP)
Thursday, February 24, 2011 - 7:57am | 390Six U.S. and European energy companies were subject to an attack by hackers working from internet servers in China. The companies targeted include: Exxon Mobil (NYSE: XOM), Royal Dutch Shell (LSE: RDSA.L), BP (NYSE: BP), Marathon Oil (NYSE: MRO), Baker Hughes (NYSE: BHI) and ConocoPhillips (NYSE...
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A Peek Into The Market Before The Trading Starts
Thursday, February 24, 2011 - 7:49am | 477Pre-open movers US stock futures are lower this morning, as oil prices continued to surge. Futures on the Dow Jones Industrial Average dropped 46 points to 12,048 and S&P 500 stock futures fell 7.50 points to 1,298. Nasdaq 100 futures declined 14.50 points to 2,289. A Peek Into Global Markets...
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Citi Upgrading Duncan Energy Partners (DEP)
Thursday, February 24, 2011 - 7:36am | 141Citi Investment Research is upgrading shares of Duncan Energy Partners L.P. (NYSE: DEP) to Buy and is raising its price target to $44 after Enterprise Products Partners L.P. (NYSE: EPD) agreed to merge with Duncan. In a note to clients, Citi writes, "We are upgrading DEP To Buy/Medium Risk rating...
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Apache Restarts Aussie Operations
Thursday, February 24, 2011 - 2:09am | 124Apache (NYSE: APA), the largest U.S. independent oil and natural gas producer, said it has restarted some production at its Varanus Island natural gas facility in Australia following a suspension of activities there earlier this week in the wake of Tropical Cyclone Carlos, a category 2 cyclone that...
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PetroChina, Total Evacuate Libya Staff
Thursday, February 24, 2011 - 1:56am | 236PetroChina (NYSE: PTR), China's largest oil company, and Total (NYSE: TOT), Europe's third-largest oil company, have evacuated staff from Libya, home to Africa's largest oil reserves, amid escalating political tensions in the North African nation. China National Petroleum, which explores for oil...
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Fast Money Pops & Drops, February 23rd (LCC, F, TJX, PBR)
Wednesday, February 23, 2011 - 8:10pm | 237On CNBC's Fast Money, Brian Kelly said that a rally in crude oil is a problem for US Airways Group, Inc. (NYSE: LCC), and also for other airline companies. US Airways Group, Inc. (LCC) fell 7.42% today, and closed at $8.49. JJ Kinahan said that demand for cars drops when oil is trading near $100....
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Enter Today's Date into Your Trading Diary 02-23-2011
Wednesday, February 23, 2011 - 7:00pm | 897Cusick's Corner What a day -- the market at the Midday did test the 1300 level in the Futures & Cash (ESH11 & SPX) but then bounced. Holding the lower channel into the After Hours of this 3 month rally was important, it has not shifted the short-term trade of short risk assets and long...
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Benzinga's Top ETF Decliners, February 23rd (SCO, ERY, SOXL, TNA)
Wednesday, February 23, 2011 - 6:54pm | 192ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) fell 7.36% in the regular trading session, and it dropped additional 0.73% in the after hours. Crude oil continued its rally today on the news of decreasing oil production in Libya. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) fell 5....
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Benzinga's Top ETF Gainers, February 23rd (UCO, SOXS, ERX, SRTY)
Wednesday, February 23, 2011 - 6:36pm | 199ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) jumped 7.74% on Wednesday as crude oil spiked to $99. At one point crude oil was trading above $100. Crude oil traded higher on the news that Libya's oil production will be lowered. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) gained 5.59%...
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Murphy Oil Announces Startup of the Tupper West Gas Plant
Wednesday, February 23, 2011 - 4:55pm | 88Murphy Oil Corporation (NYSE: MUR) announced today that its wholly owned subsidiary, Murphy Oil Company Ltd., has commenced operation at the Tupper West natural gas processing facility in northeastern British Columbia. The Tupper West gas plant, with a capacity of 180 million cubic feet per day, is...