Stock Market News & Stocks to Watch from StraightStocks » oil firms

Black Gold… Green Oil

Dawn Van Zant — Mon, 19 Oct 2009 13:00:00 +0000

This summer, there's been a flurry of new green announcements from the world's major oil firms.

Energy Blast – September 30, 2009

Robert Amsterdam — Wed, 30 Sep 2009 09:24:33 +0000

Gazprom will cut output in 2009 by 13.8%, the lowest in history, due to dwindling consumer demand domestically and in the former USSR. The company has apparently said it is considering adding a third partner to the South Stream pipeline. ...

Company News for June 25, 2009 – Corporate Summary

Zacks Market Commentaries — Thu, 25 Jun 2009 14:28:43 +0000

* Nike (NYSE:NKE) reported a worse-than-expected decline in new orders, down 12% through November from a year ago, or 5% excluding currency adjustments. Fourth quarter earnings, however, beat expectations at 99 cents ex-items, three cents ahead of projections, as revenues fell 7% to $4.7 billion

* Oracle (NASDAQ:ORCL) reported better-than-expected earnings and revenues with first quarter guidance beating estimates. The company reported fourth-quarter earnings of 46 cents ex-items, two cents ahead of estimates, as revenues fell 5.2% to $6.86 billion versus estimates of $6.47 billion. First quarter earnings estimates of 31 cents to 33 cents a share beat estimates of 30 cents

* Toyota's (NYSE:TM) new President said the firm is expected to face "two more difficult years"

* Lennar (NYSE:LEN) reported a loss of 76 cents versus a 76 cent loss a year ago, worse than estimates of a 64 cents loss as write downs increased. Revenues fell 20.9% to $892 million

* Goldman Sachs (NYSE:GS) added Novellus Systems (NASDAQ:NVLS) to its conviction sell list

* Goldman Sachs (NYSE:GS) issued upgrades on a number of oil firms, including Cameron International (NYSE:CAM), Transocean (NYSE:RIG), Diamond Offshore Drilling (NYSE:DO) and FMC Technology (NYSE:FTI)

Zacks Investment Research

Is Oil Ready to Skyrocket?

Investment U — Thu, 08 Jan 2009 22:22:53 +0000

Is Oil Ready to Skyrocket? by Jason Simpkins Associate Editor, Money Morning Editor’s Note: Oil has been in the news a lot recently, from its roller-coaster movements, to the international issues. Russia and Israel are both helping OPEC bring prices back up. And if 2008 is any indication, oil might be ready for another climb. Our colleagues over [...]

Oil Prices Could be Ready to Rally if History is Any Indication

Contrarian Profits — Thu, 08 Jan 2009 16:30:25 +0000

pLast year’s 54% drop in oil prices may have set the table for a rally similar to the one experienced in 1999, when prices doubled after a similar decline. The so-called “forward curve of futures contracts” traded on the New York Mercantile Exchange suggests prices will rise 28% this year, according to strongemBloomberg News/em/strong. /p pa href="http://www.bloomberg.com/apps/news?pid=newsarchive#38;sid=a1Ab6lUay5TE" target="_blank"The current curve looks almost the same as it did 10 years ago/a, when Russia’s default drove oil prices to drop as low as $10.82 a barrel in late December 1998 - a decline of nearly 40% from where they began that year./p pAt that time, the a href="http://www.opec.org/home/" target="_blank"Organization of Petroleum Exporting Countries/a (OPEC) responded by cutting output by 1.71 million barrels per day (bpd), an amount equal to#8230;/p

Mortgage Manipulation, Bond Market Truth, Are Stocks Cheap? And More!

Contrarian Profits — Thu, 04 Dec 2008 19:55:32 +0000

pGovernment mulls mortgage price-control plan… who needs the free market anyway? a href="http://www.contrarianprofits.com/articles/author/dan-denning/" class="alinks_links"Dan Denning/a on the true meaning behind the recent bull market in bonds. Stocks rally on Beige Book release… did the Fed send us the wrong copy? Bill Gross on stock evaluation for the Brave New World of tomorrow. Byron King with anecdotal evidence that oil is well oversold./p p class="BodyCopy" align="left" /pp class="BodyCopy" align="left" The vomit approach continues at the Treasury. This time their throwing up historically low mortgages on the wall… just to see if they stick. strongThe U.S. Treasury is considering a proposal to offer new mortgages at 4.5% through Fannie Mae (NYSE:a href="http://finance.google.com/finance?q=FNM"FNM/a) and Freddie Mac (NYSE:a href="http://finance.google.com/finance?q=FRE"FRE/a). /strong That’s a point and a half lower than the silly “free market” says it should be./p p class="BodyCopy" align="left" strongShould this#8230;/strong/p

Bald Eagle Energy Inc. (BEEI.OB): Exploring for Gold, Golden Opportunity for Investors?

QualityStocks — Wed, 10 Sep 2008 01:16:16 +0000

Bald Eagle Energy (BEEI) is an exploration stage mining company focused on the acquisition and exploration of mineral resource properties in Canada. The company primarily acquires and explores copper, gold and silver properties. Bald Eagle Energy is also, and possibly more noteworthy to potential investors, engaged in oil exploration. The company is set to develop [...]