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OilRefining posts

Murphy Oil is meeting production estimates

Posted Aug 26th 2009 3:45PM by Joseph Lazzaro (RSS feed)
Filed under: Oil, Stocks to Buy

I'm reiterating my Buy rating for Murphy Oil (NYSE: MUR), first recommended on April 29, 2009 at a price of $47.80. If you bought then, you're up about 20%.

Murphy Oil remains the not-so-little-engine that could: Q2 upstream oil/natural gas production increased 18%, the company is on-track for 25-30% production growth in FY2009, and solid, double-digit gains in FY2010/FY2011.

Continue reading Murphy Oil is meeting production estimates

Time and patience should pay-off with Tesoro

Posted Aug 19th 2009 4:30PM by Joseph Lazzaro (RSS feed)
Filed under: Oil, Stocks to Buy

I'm Reiterating my Buy rating for Tesoro (NYSE: TSO), first recommended on April 23, 2009 at a price of $14.30.

Tesoro's Q2 performance disappointed, but the New York Rangers will win the National Hockey League's Stanley Cup again before I'll sell a U.S.-based refiner.

Continue reading Time and patience should pay-off with Tesoro

Analyst upgrades: 09/27/06

Posted Sep 27th 2006 11:49AM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades

MOST NOTEWORTHY:

Morgan Stanley upgraded The Gap (NYSE: GPS) to Overweight from Underweight with a $23 target. The firm cited an improvement in apparel offerings and traction in merchandising and marketing initiatives.
The Oil Refining sector was upgraded by the Banc of America this morning, citing the recent sell-off:
- Valero Energy (NYSE: VLO) and Tesoro Petroleum (NYSE: TSO) were upgraded to Buy from Neutral
- Frontier Oil (NYSE: FTO) was upgraded to Neutral from Sell

OTHER UPGRADES:

UBS upgraded Reynolds American (NYSE: RAI) on valuation
Foundry Networks (NASDAQ: FDRY) was upgraded to Outperform from Neutral based on their strong fundamentals in the second half of 2006.

Research provided by TheFlyOnTheWall.com (subscription required).