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Volatility the Norm Over Next Few Sessions 02-23-2011
Wednesday, February 23, 2011 - 3:27pm | 933Cusick's Corner The market has firmed up into the Midday, holding at this time critical support of 1305 in the ESH11. While a bounce into the After Hours is not out of the question, resistance will kick in, 1315 on the ESH11, and market watchers and technicians will watch closely the breadth of...
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Natural Gas Must Be On The Radar
Wednesday, February 23, 2011 - 3:18pm | 313Everyone is watching the world protest over high food prices. Oil prices are the driving force in the stock market today as the geopolitical events in the Middle East become front and center news. Today spot crude reached $100.00 a barrel before pulling back into the close at the New York...
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Oil Spike Kills Stocks
Wednesday, February 23, 2011 - 12:55pm | 172Crude oil is near $100 per barrel. The markets are getting crushed for the second day in a row. The conclusion is simple to draw. Sharp spikes in oil prices hurt all but oil stocks. While Chevron Corporation (NYSE: CVX) is having a monster day, plays like Amazon.com, Inc. (NASDAQ: AMZN), Potash...
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Oil Runs Again, Driving Big Oil Higher
Wednesday, February 23, 2011 - 12:02pm | 201As oil continues to run higher on unrest in the Middle East and Northern Africa, big oil companies are enjoying larger profits in the short run. Chevron Corporation (NYSE: CVX) is trading at $103.52, +3.20 (+3.19%) while Exxon Mobil Corporation (NYSE: XOM) is trading at $87.22, +1.78 (+2.08%)....
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World's Worst Hedge: Exxon Mobil (XOM)
Wednesday, February 23, 2011 - 11:33am | 135Here's a free lesson: don't use XOM as a hedge, unless you need a long position that will hold up in stressed markets. I've highlighted liquidity premium before, but it bears repeating. Certain stocks completely change personalities depending on the tape. XOM goes from bloated market stalwart in...
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Options Brief: Duncan Energy Partners (DEP)
Wednesday, February 23, 2011 - 10:34am | 88Shares of Duncan Energy Partners (NYSE: DEP) are higher on the session by 23.46%, trading at $40.20. Overall call volume is now running at 9.89x the daily average, with 51% of all calls traded being purchases on the offer. 1,306 contracts have traded on the session so far. Duncan Energy Partners L...
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Morning Market Movers (WBNK, DEP, BDCO, ELGX)
Wednesday, February 23, 2011 - 10:01am | 149Waccamaw Bankshares Inc (NASDAQ: WBNK) jumped 25.39% to $1.4420 at 10:00 am. WBNK shares have dipped 56.44% over the past 52 weeks, while the S&P 500 index has gained 20.18% in the same period. Duncan Energy Partners LP (NYSE: DEP) shares advanced 22.97% to $40.04. Enterprise Products Partners...
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Duncan Energy Partners Receives Offer From Enterprise Products Partners (DEP, EPD)
Wednesday, February 23, 2011 - 7:49am | 182Enterprise Products Partners L.P. (NYSE: EPD) has put out an offer for Duncan Energy Partners L.P. (NYSE: DEP) at $42 per share, which is a 29% premium to yesterday's closing price of $32.56. “We believe this proposal should be attractive to Duncan Energy Partners investors who would participate in...
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Apache, Chevron Halt Aussie Operations Due To Cyclone
Wednesday, February 23, 2011 - 4:18am | 188Chevron (NYSE: CVX), the second-largest U.S. oil company, and Apache (NYSE: APA), the largest U.S. independent oil and natural gas producer, have both halted operations in Australia due to Tropical Cyclone Carlos. California-based Chevron has suspended construction work at the $43 billion Gorgon...
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ETFs To Avoid Until The Libya Mess Gets Sorted Out
Wednesday, February 23, 2011 - 3:05am | 431The ongoing saga in Libya has had predictable results on a predictable group of ETFs. Oil futures have been surging to the benefit of ETFs such as the U.S. Oil Fund (NYSE: USO) while ETFs that track the Middle East, such as the Market Vectors Gulf States Index ETF (NYSE: MES) and the WisdomTree...
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6 Energy Companies With Undervalued Natural Gas Reserves to Consider Today
Tuesday, February 22, 2011 - 10:47pm | 138By Roger Choudhury and the Investment Underground editors We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on...
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9 Agriculture Stocks to Consider Before the Middle East Dust Settles
Tuesday, February 22, 2011 - 10:43pm | 138By Roger Choudhury and the Investment Underground editors We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on...
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10 Safe, High-Yield Telecom Dividend Giants for 2011
Tuesday, February 22, 2011 - 10:40pm | 138By Roger Choudhury and the Investment Underground editors We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on...
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Rare Earth Mineral Resource Index Triples in Value Since China's Announcement
Tuesday, February 22, 2011 - 10:38pm | 138By Roger Choudhury and the Investment Underground editors We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on...
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10 Stocks With 10 Years of Revenue Growth for Buy and Hold Investors
Tuesday, February 22, 2011 - 10:35pm | 138By Roger Choudhury and the Investment Underground editors We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on...