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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...]]></title><link>http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/</guid><comments>http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/t/" rel="tag">AT and T (T)</a>, <a href="http://www.bloggingstocks.com/category/nok/" rel="tag">Nokia Corp. (NOK)</a>, <a href="http://www.bloggingstocks.com/category/eat/" rel="tag">Brinker Intl (EAT)</a>, <a href="http://www.bloggingstocks.com/category/bp/" rel="tag">BP p.l.c. ADS (BP)</a>, <a href="http://www.bloggingstocks.com/category/analyst-initiations/" rel="tag">Analyst Initiations</a>, <a href="http://www.bloggingstocks.com/category/jblu/" rel="tag">JetBlue Airways (JBLU)</a>, <a href="http://www.bloggingstocks.com/category/rds-a/" rel="tag">Royal Dutch Shell (RDS.A)</a></p><p><strong><a href="http://www.theflyonthewall.com"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/03/flywall_final_logo_mini.gif" alt="" /></a>Analyst Calls</strong></p>
<ul>
    <li>Medtronic (<a class="inlinked" href="http://www.dailyfinance.com/quotes/medtronic-inc/mdt/nys">MDT</a>) to buy from neutral and 1-800-Flowers.com (<a class="inlinked" href="http://www.dailyfinance.com/quotes/1-800-flowers-com-inc/flws/nas">FLWS</a>) to neutral from sell at Goldman.</li>
    <li>CarMax (<a class="inlinked" href="http://www.dailyfinance.com/quotes/carmax-inc/kmx/nys">KMX</a>) to outperform from perform at Oppenheimer.</li>
    <li>Points International (<a href="http://www.dailyfinance.com/quotes/points-international-ltd/ptsef/nab">PTSEF</a>) to buy from neutral at Merriman.</li>
    <li>Nokia (<a class="inlinked" href="http://www.dailyfinance.com/quotes/nokia-corporation/nok/nys">NOK</a>) to market perform from underperform at Morgan Keegan.</li>
    <li>Amdocs (<a class="inlinked" href="http://www.dailyfinance.com/quotes/amdocs-ltd-ord/dox/nys">DOX</a>) to overweight from equal weight at Barclays.</li>
    <li>Western Alliance (<a class="inlinked" href="http://www.dailyfinance.com/quotes/western-alliance-bancorporation/wal/nys">WAL</a>) to outperform from sector perform at RBC Capital.</li>
    <li>Carbo Ceramics (<a class="inlinked" href="http://www.dailyfinance.com/quotes/carbo-ceramics-inc/crr/nys">CRR</a>) to outperform from market perform at BMO Capital.</li>
    <li>Rackspace (<a class="inlinked" href="http://www.dailyfinance.com/quotes/rackspace-hosting-inc/rax/nys">RAX</a>) to buy from hold at Benchmark Co.</li>
    <li>Brinker (<a class="inlinked" href="http://www.dailyfinance.com/quotes/brinker-international-inc/eat/nys">EAT</a>) to equal weight from underweight at Morgan Stanley.</li>
</ul><p><a href="http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/" rel="bookmark">Continue reading <em>Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/">Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 28 Jan 2011 11:20:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19819509/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2011/01/28/analyst-upgrades-downgrades/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>ALV</category><category>Amdocs</category><category>analyst upgrades</category><category>Autoliv</category><category>BP</category><category>Brinker</category><category>CarMax</category><category>CRR</category><category>downgrades</category><category>DOX</category><category>EAT</category><category>ESI</category><category>EWBC</category><category>FLWS</category><category>FSC</category><category>Infinera</category><category>INFN</category><category>initiations</category><category>inthenews</category><category>ITT Educational</category><category>JBLU</category><category>JetBlue</category><category>KMX</category><category>LINC</category><category>Lincoln National</category><category>MDT</category><category>Medtronic</category><category>Microsemi</category><category>MSCC</category><category>MYGN</category><category>Myriad Genetics</category><category>NOK</category><category>Nokia</category><category>Northern Trust</category><category>NTRS</category><category>PartnerRe</category><category>PLD</category><category>PRE</category><category>ProLogis</category><category>PTSEF</category><category>Rackspace</category><category>RAX</category><category>RDS.A</category><category>ROVI</category><category>Royal Dutch Shell</category><category>Statoil</category><category>STO</category><category>T</category><category>THOR</category><category>Thoratec</category><category>TOT</category><category>Total</category><category>WAL</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Fri, 28 Jan 2011 11:20:00 EST</pubDate></item><item><title><![CDATA[California insurance commissioner chases indirect investments in Iran]]></title><link>http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/</guid><comments>http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/law/" rel="tag">Law</a>, <a href="http://www.bloggingstocks.com/category/pbr/" rel="tag">Petroleo Brasileiro (PBR)</a></p><p><img  border="1" hspace="4" vspace="4" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2009/12/iran_flag_200x150.jpg" alt="" />Insurance companies have <a href="http://www.property-casualty.com/News/2009/12/Pages/Calif-Fla-Regulators-Demand-Insurers-Drop-Iran-Investments-.aspx" target="_blank">$12 billion in indirect investments related to Iran</a>, according to California Insurance Commissioner Steve Poizner -- and he wants them to stop. He's pushing insurers in his state to divest, and the perspective is gaining popularity: his counterpart in Florida thinks the policy should go national.</p>
<p>Kevin McCarty, commissioner in Florida, <a href="http://www.property-casualty.com/News/2009/12/Pages/Calif-Fla-Regulators-Demand-Insurers-Drop-Iran-Investments-.aspx" target="_blank">said to <em>National Underwriter</em></a>, "I have consulted with other state insurance commissioners to evaluate the practicality of developing a national initiative similar to the undertaking by the California Department of Insurance." He's already contacted the <a href="http://www.naic.org/" target="_blank">National Association of Insurance Commissioners</a>' Securities Valuation Office to figure out "the feasibility of leveraging national resources to review the financial statements of national insurers to determine their exposure to companies with operations in Iran."</p>
<p> </p><p><a href="http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/" rel="bookmark">Continue reading <em>California insurance commissioner chases indirect investments in Iran</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/">California insurance commissioner chases indirect investments in Iran</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Fri, 04 Dec 2009 13:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/19265321/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>california</category><category>florida</category><category>insurance companies</category><category>inthenews</category><category>Iran</category><category>naic</category><category>National association of insurance commissioners</category><category>Petroleo Brasileiro</category><category>Siemens AG</category><category>Statoil</category><category>Total SA</category><dc:creator><![CDATA[Tom Johansmeyer]]></dc:creator><pubDate>Fri, 04 Dec 2009 13:00:00 EST</pubDate></item><item><title><![CDATA[Analyst downgrades: SBUX, EAT, HWAY and FLR]]></title><link>http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/</guid><comments>http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/sbux/" rel="tag">Starbucks (SBUX)</a>, <a href="http://www.bloggingstocks.com/category/nok/" rel="tag">Nokia Corp. (NOK)</a>, <a href="http://www.bloggingstocks.com/category/eat/" rel="tag">Brinker Intl (EAT)</a></p><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/09/fly-logo-(aol).gif" /></a><strong>MOST NOTEWORTHY:</strong> Starbucks Corporation, Brinker, Healthways and Fluor were today's noteworthy downgrades:<br />
<ul>
    <li>Banc of America downgraded <a href="http://finance.aol.com/quotes/starbucks-corporation/sbux/nas">Starbucks Corporation</a> (NASDAQ: <a href="http://finance.aol.com/quotes/starbucks-corporation/sbux/nas">SBUX</a>) to Sell from Neutral, and lowered their target to $23 from $27, as they see downside risk to estimates due to slower growth. The firm is concerned that expectations for a near-term recovery are too high. <br /></li>
    <li>Goldman downgraded <a href="http://finance.aol.com/quotes/brinker-international-inc/eat/nys">Brinker International</a> (NYSE: <a href="http://finance.aol.com/quotes/brinker-international-inc/eat/nys">EAT</a>) to Sell from Neutral citing macro economic pressure on sales. <br /></li>
    <li>Credit Suisse downgraded <a href="http://finance.aol.com/quotes/healthways-inc/hway/nas">Healthways Inc</a> (NASDAQ: <a href="http://finance.aol.com/quotes/healthways-inc/hway/nas">HWAY</a>) to Neutral from Outperform on valuation. <br /></li>
    <li><a href="http://finance.aol.com/quotes/fluor-corporation/flr/nys">Fluor Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/fluor-corporation/flr/nys">FLR</a>) was downgraded to Hold from Buy at Morgan Joseph on valuation.</li>
</ul>
<strong>OTHER DOWNGRADES:</strong><br />
<ul>
    <li><a href="http://finance.aol.com/quotes/nokia-corporation/nok/nys">Nokia Corporation</a> (NYSE: <a href="http://finance.aol.com/quotes/nokia-corporation/nok/nys">NOK</a>) was downgraded to Hold from Buy at WestLB. <br /></li>
    <li>Goldman downgraded <a href="http://finance.aol.com/quotes/cnooc-ltd-ads/ceo/nys">Cnooc Ltd</a> (NYSE: <a href="http://finance.aol.com/quotes/cnooc-ltd-ads/ceo/nys">CEO</a>) to Neutral from Buy. <br /></li>
    <li>Credit Suisse downgraded <a href="http://finance.aol.com/quotes/statoilhydro-asa/sto/nys">Statoil</a> (NYSE: <a href="http://finance.aol.com/quotes/statoilhydro-asa/sto/nys">STO</a>) to Neutral from Outperform. <br /></li>
    <li><a href="http://finance.aol.com/quotes/gamestop-corp-new/gme/nys">GameStop Corp</a> (NYSE: <a href="http://finance.aol.com/quotes/gamestop-corp-new/gme/nys">GME</a>) was downgraded to Neutral from Buy at UBS.</li>
</ul><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/">Analyst downgrades: SBUX, EAT, HWAY and FLR</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 27 Sep 2007 11:07:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/999559/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/09/27/analyst-downgrades-sbux-eat-hway-and-flr/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>brinker</category><category>ceo</category><category>cnooc</category><category>downgrade</category><category>eat</category><category>flr</category><category>fluor</category><category>gamestop</category><category>gme</category><category>healthways</category><category>hway</category><category>nok</category><category>nokia</category><category>sbux</category><category>starbucks</category><category>statoil</category><category>sto</category><dc:creator><![CDATA[Eric Buscemi]]></dc:creator><pubDate>Thu, 27 Sep 2007 11:07:00 EST</pubDate></item><item><title><![CDATA[Analyst downgrades 7-19-07: CAH, JCI, SUN, TSM and VLO]]></title><link>http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/</guid><comments>http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/before-the-bell/" rel="tag">Before the Bell</a>, <a href="http://www.bloggingstocks.com/category/analyst-reports/" rel="tag">Analyst Reports</a>, <a href="http://www.bloggingstocks.com/category/analyst-upgrades-and-downgrades/" rel="tag">Analyst Upgrades and Downgrades</a>, <a href="http://www.bloggingstocks.com/category/bad-news/" rel="tag">Bad News</a>, <a href="http://www.bloggingstocks.com/category/vlo/" rel="tag">Valero Energy (VLO)</a>, <a href="http://www.bloggingstocks.com/category/jci/" rel="tag">Johnson Controls (JCI)</a>, <a href="http://www.bloggingstocks.com/category/cah/" rel="tag">Cardinal Health (CAH)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/07/aol-fly-logo.gif"  alt="" /></a>MOST NOTEWORTHY: </strong> Statoil (STO), BG Group (BRG), Repsol (REP), Flow International (FLOW) and the refining sector were today's more noteworthy downgrades: <br />
<ul>
    <li>Citigroup cut <a href="http://finance.aol.com/quotes/statoil-asa-ads/sto/nys?tabs=quotesandnews">Statoil </a>(NYSE: <a href="http://finance.aol.com/quotes/statoil-asa-ads/sto/nys?tabs=quotesandnews">STO</a>), <a href="http://finance.aol.com/quotes/bg-group-plc-ads/brg/nys?tabs=quotesandnews">BG Group</a> (NYSE: <a href="http://finance.aol.com/quotes/bg-group-plc-ads/brg/nys?tabs=quotesandnews">BRG</a>) and <a href="http://finance.aol.com/quotes/repsol-ypf-s-a/rep/nys?tabs=quotesandnews">Repsol SA</a> (NYSE: <a href="http://finance.aol.com/quotes/repsol-ypf-s-a/rep/nys?tabs=quotesandnews">REP</a>) to Sell from Hold due to valuation and the difficult operating environment.  </li>
</ul>
<ul>
    <li>Matrix USA downgraded <a href="http://finance.aol.com/quotes/flow-international-corporation/flow/nas?tabs=quotesandnews">Flow International </a>(NASDAQ: <a href="http://finance.aol.com/quotes/flow-international-corporation/flow/nas?tabs=quotesandnews">FLOW</a>) to Strong Sell from Hold, citing weak demand from Asian customers that led to slowing sales growth. </li>
</ul>
<ul>
    <li>Bernstein downgraded the refining sector to Underperform and refiners <a href="http://finance.aol.com/quotes/sunoco-incorporated/sun/nys?tabs=quotesandnews">Sunoco </a>(NYSE: <a href="http://finance.aol.com/quotes/sunoco-incorporated/sun/nys?tabs=quotesandnews">SUN</a>) and <a href="http://finance.aol.com/quotes/valero-energy-corporation/vlo/nys?tabs=quotesandnews">Valero Energy</a> (NYSE: <a href="http://finance.aol.com/quotes/valero-energy-corporation/vlo/nys?tabs=quotesandnews">VLO</a>) to Underperform from Market Perform... </li>
</ul>
<strong>OTHER DOWNGRADES: </strong><br />
<ul>
    <li><a href="http://finance.aol.com/quotes/canadian-pacific-railway-limited/cp/nys?tabs=quotesandnews">Canadian Pacific</a> (NYSE: <a href="http://finance.aol.com/quotes/canadian-pacific-railway-limited/cp/nys?tabs=quotesandnews">CP</a>) was cut to Neutral from Outperform at Credit Suisse; RBC Capital downgraded CP shares to Sector Perform from Outperform. </li>
</ul>
<ul>
    <li>Goldman downgraded <a href="http://finance.aol.com/quotes/taiwan-semiconductor-manufacturing-company-ltd/tsm/nys?tabs=quotesandnews">Taiwan Semi </a>(NYSE: <a href="http://finance.aol.com/quotes/taiwan-semiconductor-manufacturing-company-ltd/tsm/nys?tabs=quotesandnews">TSM</a>) to Neutral from Buy. </li>
</ul>
<ul>
    <li>Buckingham lowered <a href="http://finance.aol.com/quotes/johnson-controls-inc/jci/nys?tabs=quotesandnews">Johnson Controls</a> (NYSE: <a href="http://finance.aol.com/quotes/johnson-controls-inc/jci/nys?tabs=quotesandnews">JCI</a>) to Accumulate from Buy. </li>
</ul>
<ul>
    <li>Credit Suisse downgraded <a href="http://finance.aol.com/quotes/cardinal-health-incorporated/cah/nys?tabs=quotesandnews">Cardinal Health</a> (NYSE: <a href="http://finance.aol.com/quotes/cardinal-health-incorporated/cah/nys?tabs=quotesandnews">CAH</a>) to Neutral from Outperform.</li>
</ul>
<em>Analyst summaries provided by <a href="http://www.theflyonthewall.com/splashPage.php?source=AOL">TheFlyOnTheWall.com</a> (subscription required).</em><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/">Analyst downgrades 7-19-07: CAH, JCI, SUN, TSM and VLO</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 19 Jul 2007 11:07:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/944529/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/07/19/analyst-downgrades-7-19-07-cah-jci-sun-tsm-and-vlo/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>bg group</category><category>BgGroup</category><category>brg</category><category>cah</category><category>canadian pacific</category><category>CanadianPacific</category><category>cardinal healt</category><category>CardinalHealt</category><category>cp</category><category>downgrade</category><category>flow</category><category>jci</category><category>johnson controls</category><category>JohnsonControls</category><category>rating</category><category>rep</category><category>repsol</category><category>statoil</category><category>sto</category><category>sun</category><category>sunoco</category><category>taiwan semi</category><category>TaiwanSemi</category><category>theflyonthewall.com</category><category>tsm</category><category>valero</category><category>vlo</category><dc:creator><![CDATA[Kevin Shult]]></dc:creator><pubDate>Thu, 19 Jul 2007 11:07:00 EST</pubDate></item><item><title><![CDATA[How important is Chevron's recent production in the Gulf?]]></title><link>http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/</guid><comments>http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/good-news/" rel="tag">Good news</a>, <a href="http://www.bloggingstocks.com/category/industry/" rel="tag">Industry</a></p><img alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2006/09/chevronlogo.png" align="right" />Chevron Corp (<a href="http://finance.aol.com/quotes/chevron-corporation/cvx/nys">CVX</a>) announced today that they had successfully finished a test run at their Jack field in the Gulf of Mexico. During the test, Chevron reported that they, along with  partners Devon Energy Corp. and Statoil ASA, were successful in producing around 6,000 barrels a day from the company's Jack well, a five-mile-deep well in the Gulf of Mexico's lower tertiary range.<br /><br />While you may be thinking that 6,000 barrels a day output is not much to be hopeful about, what this <em>does </em>mean is that Chevron and other big oil companies now have the motivation to put more resources to work in the area. The area in question, the lower-tertiary range, is deeper than previously-exploited fields in the Gulf, with much much older rock formations. Many companies have been fearful of exploring these areas out of concerns that the rocks in question would be too tight from which to pull oil out, without the costs being too high to justify. Well, according to Larry Nichols, Devon's chairman and chief executive, that is just not the case and the area can be developed profitably.<br /><br />If the area is successfully developed, the results could be phenomenal. Estimates for the recent findings in the Gulf of Mexico's lower-tertiary range anywhere from three to fifteen billion barrels of reserve oil, although much of the area has yet to be explored at all, and the actual finding could be even higher than estimated.<p><a href="http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/" rel="bookmark">Continue reading <em>How important is Chevron's recent production in the Gulf?</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/">How important is Chevron's recent production in the Gulf?</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 05 Sep 2006 15:30:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/664197/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2006/09/05/how-important-is-chevrons-recent-production-in-the-gulf/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>chevron</category><category>Devon</category><category>Gulf of Mexico</category><category>GulfOfMexico</category><category>oil</category><category>Statoil</category><dc:creator><![CDATA[Michael Fowlkes]]></dc:creator><pubDate>Tue, 05 Sep 2006 15:30:00 EST</pubDate></item></channel></rss>
