In the wake of second quarter results, Raymond James issued three recommendations for those watching oil stocks: pressure pumping services are an attractive play, drillers are being undervalued and rental companies should perform well.
These guys got it done.
In a few short months, they saved hundreds of jobs, increased industry profits, created some energy security for the US east coast, and set the stage to improve the environment through reduced air emissions.
They are the epitomy, the poster child, of how business, labour and government...
Is This Oil Price "The Big Gap" for Investors?
I think investors are in the middle of a Big Gap in oil stocks. The Leaders have already run so hard they're pricing in $75-$80 oil--so there's not much value or leverage there. But the Laggards need even higher oil prices...
Several exploration and production companies both large and small have become appealing targets for consolidation as a result of falling market valuations and uncertainty surrounding oil's prices in the future.
Chevron Technology Ventures, a division of Chevron U.S.A. Inc. (CVX:NYSE), demonstrated its new solar energy product on October 3, according to a statement.
Each January I look back at last year's trading and remind myself what cost me money. In Part 1, I wrote about what MADE me money. In this article, I look at what decisions, what trading patterns, didn't work out? What lessons did I learn--again?
So what cost me money...
Murphy Oil Corp. (MUR:NYSE) recently agreed to sell a Wisconsin refinery to Calumet Specialty Products Partners (CLMT:NASDAQ).
The stocks of oil producers working in the Permian Basin of West Texas took a huge hit on Friday as the Street, as two reports—one by Goldman Sachs and the other by boutique brokerage Bernstein—said Permian price discounts would get deeper faster and stay deep for longer.
Goldman was talking...