Basic Materials
(BHI) U.S. Oil Drilling Rig Count Falls 13 Units
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This...
(RIG) Transocean Earnings Miss Bottom Line
Offshore drilling giant Transocean Ltd. (RIG) reported weak fourth quarter and full-year 2011 results, hurt by the...
(XOM) U.S. Crude Stocks Gain – Fuels Drop
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles rose to their highest level since September 2011. The agency’s report further revealed that gasoline and distillate stocks declined slightly from their previous week levels. Meanwhile,...
(NEM) Newmont Mining Misses Sales Estimate
Newmont Mining Corporation (NEM) reported adjusted basic earnings of $1.17 per share in the fourth quarter of 2011 compared to the prior year quarter of $1.16 per share.
Including the charges of Hope...
(SUN) Sunoco Incorporated – Bear of the Day
A weak business model, geographically un-diversified asset base and operational hindrances compel us to downgrade Sunoco, Inc. (SUN) to Underperform from Neutral. Our pessimistic outlook on the stock is fueled...
(CVX) How to Play the Texas Tea Momentum – Investment Ideas
In May 2008 a call from a major brokerage was heard round the world. It was the “super spike” in the price of oil which called for prices to dramatically increase from the $115 level to an unthinkable $150-$200 a barrel. This call came from the same analyst that three...
(CF) The Seeds for a Commodity Supercycle – Investing in Agriculture
The...
(STO) Statoil ASA Finds Gas Offshore Tanzania
Statoil ASA (STO) along with its partner ExxonMobil Corporation (XOM) has found indications of natural gas in the Zafarani-1 well in Block...
(NBR) Nabors Industries Outperforms in Fourth Quarter
Global land drilling contractor Nabors Industries Ltd. (NBR) reported impressive fourth quarter 2011 results, backed by strong performances by the U.S. Offshore and Pressure Pumping units and lower interest...
(BP) BP South Earns Approval for China Sea Venture
BP Plc (BP) recently won approval from the China’s Ministry of Commerce (MOFCOM) for natural gas exploration in South China Sea. This marks the company’s second deepwater venture off the coast of China...
(GG) Goldcorp Profit Rises in Fourth Quarter
Goldcorp Inc.’s (GG) adjusted net earnings were $531 million or 66 cents per share in the fourth quarter of 2011, compared with $431 million or 59 cents in the year-ago quarter. Results exceeded the Zacks...
(DD) E.I. du Pont de Nemours Inks $100M Deal with Yingli
E.I. du Pont de Nemours and Com (DD) inked a $100 million deal with the Chinese solar energy technology manufacturer Yingli Green Energy (YGE),...
(CHK) Chesapeake Energy to Sell Assets for Funds
Chesapeake Energy Corp. (CHK), the second-largest U.S. natural-gas producer, seeks to fill the funding gap for its 2012 expenditure that resulted from the low natural gas prices, through divestitures. The...
(XOM) Exxon Faces Iraq Ire
ExxonMobil Corporation (XOM) will be banned from participating in Iraq’s fourth oil and gas licensing auction scheduled to take place in May. ExxonMobil’s exclusion from the auction is mainly due to the...
(BHI) Natural Gas Drilling Rig Count at 28-Month Low
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily...
(COP) ConocoPhillips to Lease in Lowry Range
ConocoPhillips’ (COP) tentative agreement with the Colorado State Land Board worth $137 million has established a new mineral-lease record. ConocoPhillips plans to lease an oil and gas mineral rights lying...
(BHI) Oil and Gas Rig Counts Drift Apart
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This...
(PTR) PetroChina Buys into Canadian Asset
Chinese energy giant PetroChina Co. Ltd. (PTR) inked an asset acquisition deal with Royal Dutch Shell plc (RDSA). Per the agreement, PetroChina...
(XOM) Crude and Oil Product Inventories Rise
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged a slim build that was well below analyst forecast. The agency’s report further revealed that gasoline and distillate stocks rose from their previous week levels, as product demand...
(BHI) U.S. Oil Drilling Rig Count Remains in Check
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as an increase in the...
(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices
by Mike Kapsch, Investment U Research
Tuesday,...
(EMN) Eastman Chemical to Acquire Solutia
As part of its expansion strategy, Eastman Chemical Company (EMN) announced its plans to acquire Solutia Inc. (SOA), a global leader in performance...
(AA) Stock Market News for January 26, 2012 – Market News
Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq...
(APA) Company News for January 24, 2012 – Corporate Summary
• Fifth Street Finance Corp’s (NASDAQ:FSC) shares declined 5.11% to close at $10.02 after the company initiated a public sale of 10 million shares
• Share of natural-gas producer Chesapeake Energy...
(CVX) Chevron: Still a Good Value
San Ramon, California-based Chevron Corporation (CVX) is one of the six super major oil and gas companies in the world and the second-largest energy firm in the U.S. behind Exxon Mobil (
(CVX) Chevron Hits Australian Gas Again
The Australian subsidiary of global integrated energy company Chevron Corp. (CVX) announced the discovery of natural gas in the Satyr-3 well, offshore Western Australia.
This discovery, 113 miles north...
(FTI) FMC Technologies and Anadarko Sign Service Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render...
(RRC) Range Resources’ Production Reaches New High
In an interim update, independent oil and gas operator, Range Resources Corporation (RRC) announced that it achieved record production in the fourth quarter of 2011. The production increased 16% on both a...
(APC) Anadarko Petroleum Hits Another Gas Find
Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore...
(KGC) Kinross Gold Declares 2012 Outlook
Kinross Gold Corporation (KGC) declared preliminary operating results for full-year 2011 while providing guidance for 2012.
Kinross expects 2011 production to be approximately...