BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Oil Closes at Two-and-a-Half Year High]]>http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/#commentsFiled under: , , , , ,

rising oil pricesThe conflict in Libya continues to spark concerns over possible supply problems, sending oil prices soaring over the past couple weeks and settling at a two-and-a-half year high this afternoon.

In addition to Libya, oil also got a push today from a falling U.S. dollar. The greenback was down in reaction to speculation the European Central Bank would be raising interest rates, to fight possible inflation.

Continue reading Oil Closes at Two-and-a-Half Year High

Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarFederal Reservegasgas pricesgasolineinthenewslibyamiddle eastoiloil pricesOPECsaudi arabiaThu, 31 Mar 2011 18:00:00 EST<![CDATA[Anadarko's Acquisition of BP's Wattenberg Adds to Gas Assets]]>http://www.bloggingstocks.com/2011/03/30/anadarko-acquires-bp-wattenberg-adds-to-gas-assets/http://www.bloggingstocks.com/2011/03/30/anadarko-acquires-bp-wattenberg-adds-to-gas-assets/http://www.bloggingstocks.com/2011/03/30/anadarko-acquires-bp-wattenberg-adds-to-gas-assets/#commentsFiled under: , , , , ,

Recently Anadarko (APC) has agreed to buy BP's 93% interest in the Wattenberg Plant, located in the northeastern part of Colorado, for about $575 million. Anadarko already owns the remaining interest in the plant.

Anadarko is the largest producer of natural gas in the Wattenberg field and the deal will provide Anadarko with 100% ownership of the plant. The company relies heavily on natural gas, which we estimate accounts for nearly 40% of its stock value. It vies for business with established oil and gas producers like Exxon Mobil, (XOM) ConocoPhillips (COP), Chevron (CVX), BP (BP) and Duke (DUK).

Continue reading Anadarko's Acquisition of BP's Wattenberg Adds to Gas Assets

Anadarko's Acquisition of BP's Wattenberg Adds to Gas Assets originally appeared on BloggingStocks on Wed, 30 Mar 2011 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Anadarko PetroleumbpenergygasinthenewsNatural GasoilpetroleumWed, 30 Mar 2011 16:45:00 EST<![CDATA[Consumer Confidence Hits Three-Month Low]]>http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/#commentsFiled under: , , , , ,

consumer confidenceConsumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.

The Conference Board's consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today's reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.

Continue reading Consumer Confidence Hits Three-Month Low

Consumer Confidence Hits Three-Month Low originally appeared on BloggingStocks on Tue, 29 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>confidenceconsumer confidenceconsumersgasgas pricesgasolinegasoline priceshousinghousing marketinthenewsreal estateTue, 29 Mar 2011 16:00:00 EST<![CDATA[Chevron's Move to Exit Coal Mining Makes Sense]]>http://www.bloggingstocks.com/2011/03/09/chevron-s-move-to-exit-coal-mining-makes-sense/http://www.bloggingstocks.com/2011/03/09/chevron-s-move-to-exit-coal-mining-makes-sense/http://www.bloggingstocks.com/2011/03/09/chevron-s-move-to-exit-coal-mining-makes-sense/#commentsFiled under:

Chevron Corporation (CVX) is one of the largest energy companies in the world, engaging in a variety of businesses like exploration & production of oil and natural gas as well as refining, transportation and trading. The company competes with other established oil producers like ExxonMobil Corporation (XOM), ConocoPhillips (COP), BP (BP) and Anadarko Petroleum Corporation (APC).

Our price estimate for Chevron stands at $104, which is in line with market price.

Continue reading Chevron's Move to Exit Coal Mining Makes Sense

Chevron's Move to Exit Coal Mining Makes Sense originally appeared on BloggingStocks on Wed, 09 Mar 2011 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chevroncoilgasoilpowerWed, 09 Mar 2011 16:40:00 EST<![CDATA[Valero Energy: Time to Take Some Profits?]]>http://www.bloggingstocks.com/2011/02/09/valero-energy-time-to-take-some-profits/http://www.bloggingstocks.com/2011/02/09/valero-energy-time-to-take-some-profits/http://www.bloggingstocks.com/2011/02/09/valero-energy-time-to-take-some-profits/#commentsFiled under:

Time was, independent refiners like Valero Energy Corporation (VLO), first discussed here on April 20, 2009, at a price of $20.08, were in a bind, operationally, due to high oil prices and low gasoline demand that squeezed crack spreads.

But that was a long time ago. Refinery margins, which were squeezed during 2008-2009, due to the loss of more than 8 million jobs from the U.S. economy -- many of those being vehicle owners -- continue to recover. Gasoline demand, in particular, has rebounded: the U.S. will likely see decreased gasoline usage on a per capita basis, as vehicle efficiency improves, but rising vehicle sales stemming from job growth will offset this.

Continue reading Valero Energy: Time to Take Some Profits?

Valero Energy: Time to Take Some Profits? originally appeared on BloggingStocks on Wed, 09 Feb 2011 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>energy stocksfeaturedgasoilValero EnergyVLOWed, 09 Feb 2011 16:30:00 EST<![CDATA[Alaskan Pipeline Shutdown Pushes BP Lower]]>http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/#commentsFiled under:

Earlier today, shares of oil behemoth BP plc (BP) slid lower thanks to the shutdown of the Trans-Alaska Pipeline System. The shutdown took place on Saturday, as a leak was discovered at the 800-mile network that transports oil across Alaska. BP owns a 47% stake in the pipeline system. Overseas, BP shares finished the day more than 1% lower and are currently mere percentage points lower in American trade.

BP has seen its fair share of problems lately, what with the whole Gulf of Mexico oil spill. In fact, the Oil Spill Commission blamed BP for having "a role in all of the mistakes made at the Macondo well." The pipeline's operator stated that the leak was discovered at 8:15 AM (local time) on Saturday and that the pipeline was shut at 8:50 AM. By 6 AM on Sunday, 90% of the oil had been recovered within the building.

Continue reading Alaskan Pipeline Shutdown Pushes BP Lower

Alaskan Pipeline Shutdown Pushes BP Lower originally appeared on BloggingStocks on Mon, 10 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPcrude oilgasgas pricesinthenewsMacondoMacondo oil welloil pipelineoil spillMon, 10 Jan 2011 16:30:00 EST<![CDATA[Power Up Your Income Portfolio with Atlantic Power (AT)]]>http://www.bloggingstocks.com/2010/12/15/power-up-your-income-with-atlantic-power-at/http://www.bloggingstocks.com/2010/12/15/power-up-your-income-with-atlantic-power-at/http://www.bloggingstocks.com/2010/12/15/power-up-your-income-with-atlantic-power-at/#commentsFiled under: , , , ,

Atlantic Power (AT)"With a superior dividend yield, reliable cash flows, and great growth prospects Atlantic Power Corp. (AT) is a solid income investment," says income specialist Carla Pasternak.

The editor of High Yield Investing explains, "The company operates 12 hydro, gas, and coal power generating projects in eight states and an 84-mile transmission line in California. It sells power to major electric utilities under long-term purchase agreements, which provide steady and reliable cash flow.

"Earnings were solid in the third quarter. EBITDA rose 15% in the third quarter and 7% in the first nine months of the year compared to the year-ago periods.

Continue reading Power Up Your Income Portfolio with Atlantic Power (AT)

Power Up Your Income Portfolio with Atlantic Power (AT) originally appeared on BloggingStocks on Wed, 15 Dec 2010 13:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>atatlantic powercanada stockscarla pasternakcoaldividend stockfeaturedgashigh yield investinghydroincome stockssteven halpernthestockadvisors.comutility stocksyield stocksWed, 15 Dec 2010 13:15:00 EST<![CDATA[Closing Bell: Forgetting All About Europe (ARO, JPM, KR, GAS, IACI, LINTA, TOL)]]>http://www.bloggingstocks.com/2010/12/02/closing-bell-forgetting-all-about-europe-aro-jpm-kr-gas-ia/http://www.bloggingstocks.com/2010/12/02/closing-bell-forgetting-all-about-europe-aro-jpm-kr-gas-ia/http://www.bloggingstocks.com/2010/12/02/closing-bell-forgetting-all-about-europe-aro-jpm-kr-gas-ia/#commentsFiled under: , , ,

Europe is suddenly almost an afterthought after two strong days in a row. A weaker jobs number was trumped by a higher market and commodities forecast from Goldman Sachs. Even a huge Madoff suit did not wreck the markets today. Here are today's unofficial closing bell levels:
DJIA: 11,362.41
NASDAQ: 2,579.35
S&P 500: 1,221.53

Top Analyst Upgrades/Downgrades

Aeropostale (ARO) had a disappointing same store sales figure reaction today and shares were down almost 14% at $23.07 right before the closing bell.

Continue reading Closing Bell: Forgetting All About Europe (ARO, JPM, KR, GAS, IACI, LINTA, TOL)

Closing Bell: Forgetting All About Europe (ARO, JPM, KR, GAS, IACI, LINTA, TOL) originally appeared on BloggingStocks on Thu, 02 Dec 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AROGASIACIKRLINTATOLThu, 02 Dec 2010 18:00:00 EST<![CDATA[Southwestern Energy: Is a Bottom in Place at $30?]]>http://www.bloggingstocks.com/2010/11/29/southwestern-energy-is-a-bottom-in-place-at-30/http://www.bloggingstocks.com/2010/11/29/southwestern-energy-is-a-bottom-in-place-at-30/http://www.bloggingstocks.com/2010/11/29/southwestern-energy-is-a-bottom-in-place-at-30/#commentsFiled under:

The shares of independent natural gas/oil play Southwestern Energy (SWN), which I first wrote about on June 5, 2009 at a price of $42.38, appear to have found support at/near $30, which bodes well for a continuation of the trade.

Southwestern's business model remains attractive. The company is likely to record large increases in production for the immediate years ahead, and its low-cost producer status is appealing. Due to a low natural gas price, Southwestern will not add any rigs in 2011, but production at its key Fayetteville Shale production zone will likely still increase more than 20% in 2011, after a 30-40% production rise in 2010. Meanwhile, the company's Marcellus area should boast about 35 wells by the end of 2010.

Continue reading Southwestern Energy: Is a Bottom in Place at $30?

Southwestern Energy: Is a Bottom in Place at $30? originally appeared on BloggingStocks on Mon, 29 Nov 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoilSouthwestern EnergySWNMon, 29 Nov 2010 16:40:00 EST<![CDATA[Oil Trades Higher as Inventories Shrink]]>http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/#commentsFiled under:

rising oil pricesOil prices have been steadily falling over the past 3 weeks, but broke through the psychological $75 barrier today as the Energy Department announced a drop in inventories last week.

Going into today's inventory report, analysts had been expecting to see oil inventories drop by 2 million barrels, but the impact that Hurricane Alex on operations in the Gulf was greater than expected and supplies actually shrank by 4.96 million barrels.

Continue reading Oil Trades Higher as Inventories Shrink

Oil Trades Higher as Inventories Shrink originally appeared on BloggingStocks on Thu, 08 Jul 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasgasolineinthenewsjobless claimsjobslabor departmentoiloil inventoryoil pricesThu, 08 Jul 2010 16:40:00 EST<![CDATA[Fluor: Should One Ride Out the Rough Patch?]]>http://www.bloggingstocks.com/2010/07/01/fluor-should-one-ride-out-the-rough-patch/http://www.bloggingstocks.com/2010/07/01/fluor-should-one-ride-out-the-rough-patch/http://www.bloggingstocks.com/2010/07/01/fluor-should-one-ride-out-the-rough-patch/#commentsFiled under:

The shares of Fluor Corporation (FLR), a leading international design, engineering, and contracting firm that was first discussed here on February 17, 2009, at a price of $39.21, have pulled-back, due to the Dow's recent retreat and U.S. work stoppages in the oil/natural gas sector.

Further, FLR's price has drifted dangerously close to the sell/stop loss at $39. Still, the calculation here is that the shares will hold support at $40, then start heading north again as oil/natural gas projects slowly resume in the quarters ahead.

Continue reading Fluor: Should One Ride Out the Rough Patch?

Fluor: Should One Ride Out the Rough Patch? originally appeared on BloggingStocks on Thu, 01 Jul 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>energyenergy stocksFLRFluor Corpfuelgasnatural gasThu, 01 Jul 2010 16:40:00 EST<![CDATA[Oil Prices Drop 3% on Economic Fears]]>http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/#commentsFiled under: , , , , ,

Oil Prices Fall 3%Tuesday was a tough day for oil traders, with oil prices falling 3% to a two-week low.

The main thing spooking traders was a report that indicated growth in China was running lower than previously expected.

The Conference Board announced that, when it previously released that China's leading economic indicator rose by 1.7% during April, there was a calculation error. Instead of growing by 1.7% in April, it actually grew by a mere 0.3%.

Continue reading Oil Prices Drop 3% on Economic Fears

Oil Prices Drop 3% on Economic Fears originally appeared on BloggingStocks on Wed, 30 Jun 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinadollareconomic fearseconomyeuroeuropefeaturedgasgasolineinthenewsoiloil consumptionoil inventoryoil pricesWed, 30 Jun 2010 09:00:00 EST<![CDATA[Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish]]>http://www.bloggingstocks.com/2010/06/21/dun-and-bradstreet-tops-bullish-volatility-skews-qwest-tops-beari/http://www.bloggingstocks.com/2010/06/21/dun-and-bradstreet-tops-bullish-volatility-skews-qwest-tops-beari/http://www.bloggingstocks.com/2010/06/21/dun-and-bradstreet-tops-bullish-volatility-skews-qwest-tops-beari/#commentsFiled under: , , , ,

Option investors are pushing call option prices higher in the Information & Delivery Services industry and are pushing put option prices higher in the Telecom Services - Domestic industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

The opposite is also true. Any time a volatility skews below 1.00, it is an indication that puts are more expensive than calls.

Continue reading Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish

Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish originally appeared on BloggingStocks on Mon, 21 Jun 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cagconagradnbdun bradstreetgasnicornovellnovlpepco holdingspomqqwestMon, 21 Jun 2010 10:40:00 EST<![CDATA[Oil Prices Slightly Lower Following Bearish Inventory Report]]>http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/#commentsFiled under: , , , , ,

oil trads lower following inventory reportOil has been enjoying a very strong rally over the past couple of weeks, but prices are trading a bit lower today following this week's oil inventory report from the Department of Energy.

Going into today's report, analysts had forecast that we would see a 1.2 million barrel increase in reserves, but the build up was slightly higher at 2.0 million barrels of oil in reserve.

Continue reading Oil Prices Slightly Lower Following Bearish Inventory Report

Oil Prices Slightly Lower Following Bearish Inventory Report originally appeared on BloggingStocks on Wed, 07 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>department of energygasgas pricesgasolineinthenewsoiloil pricesoil reservesWed, 07 Apr 2010 17:00:00 EST<![CDATA[Oil Prices Continue to Climb]]>http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/#commentsFiled under: , , , , ,

oil prices continue to riseOil prices continued to rally today, with prices jumping $1.56 a barrel to $86.43.

Today's jump in oil prices is a reaction to positive news today that indicated the economic recovery could be stronger than anticipated.

Continue reading Oil Prices Continue to Climb

Oil Prices Continue to Climb originally appeared on BloggingStocks on Mon, 05 Apr 2010 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3 gas90 oilcrudefeaturedgasgasolineinthenewsoiloil pricesoil rallyrising oilMon, 05 Apr 2010 18:20:00 EST<![CDATA[Cameron Is in an Uptrend]]>http://www.bloggingstocks.com/2010/01/28/cameron-is-in-an-uptrend/http://www.bloggingstocks.com/2010/01/28/cameron-is-in-an-uptrend/http://www.bloggingstocks.com/2010/01/28/cameron-is-in-an-uptrend/#commentsFiled under:

Investors have one-last chance to scoop-up shares of Cameron International Corp. (CAM), due to a pull-back, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended on April 24, 2009, at a price of $25.59. If you bought Cameron in April 2009, you're up about 50%.

Look for Cameron to continue to benefit longer-term from demand for oilfield capital equipment and deepwater support equipment, on likely, ramping oil demand in immediate years ahead. Further, new technology that's likely to increase natural gas drilling and production (via a technology called hydraulic fracturing) in North America also holds out the promise of increased valve business for CAM.

Continue reading Cameron Is in an Uptrend

Cameron Is in an Uptrend originally appeared on BloggingStocks on Thu, 28 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CAMCameron Internationalgashydraulic fracturingHydraulicFracturingoilThu, 28 Jan 2010 17:00:00 EST<![CDATA[Hess Is Undervalued]]>http://www.bloggingstocks.com/2010/01/27/hess-is-undervalued/http://www.bloggingstocks.com/2010/01/27/hess-is-undervalued/http://www.bloggingstocks.com/2010/01/27/hess-is-undervalued/#commentsFiled under:

One of the first rules of behavioral maturity is, "Don't expend $1,000 worth of emotion over a 5-cent irritation."

Hence, don't get upset over those prices at the pump -- prices that almost certainly are headed much higher -- but profit from them, by owning Hess Corp (HES). I'm obviously reiterating my buy rating for the company's shares, first recommended on April 22, 2009 at a price of $50.41.

If you bought HES in April 2009, you're up about 20%. If you didn't, don't fret; there's more upside ahead.

Continue reading Hess Is Undervalued

Hess Is Undervalued originally appeared on BloggingStocks on Wed, 27 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasHESHess CorpoilWed, 27 Jan 2010 18:00:00 EST<![CDATA[Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD)]]>http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/http://www.bloggingstocks.com/2010/01/11/closing-bell-kicking-off-earnings-season-with-a-thud-aa-mmr/#commentsFiled under: ,

Today is supposed the first day of earnings season, yet few of the major stocks were big movers. The markets were strong at the start and in pre-market trading, yet the gains were challenged throughout the trading day. Here were today's unofficial closing bell levels:

Dow 10,664.52 +46.33 (0.44%)
S&P 500 1,147.01 +2.03 (0.18%)
Nasdaq 2,312.41 -4.76 (-0.21%)

Top Analyst Upgrades & Downgrades
Top Stock & Market Rumors

Continue reading Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD)

Closing Bell: Kicking Off Earnings Season, With a Thud (AA, MMR, EXXI, AOL, PEIX, CYCC, MNKD) originally appeared on BloggingStocks on Mon, 11 Jan 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>afresabiotechcyclacelenergy xxiEnergyXxiethanolgasgulf of mexicoGulfOfMexicoinsulinmannkindmcmoranpacific ethanolPacificEthanolMon, 11 Jan 2010 16:00:00 EST<![CDATA[Consider BP, before oil hits triple digits, again]]>http://www.bloggingstocks.com/2009/10/23/consider-bp-before-oil-hits-triple-digits-again/http://www.bloggingstocks.com/2009/10/23/consider-bp-before-oil-hits-triple-digits-again/http://www.bloggingstocks.com/2009/10/23/consider-bp-before-oil-hits-triple-digits-again/#commentsFiled under: ,

Whatever happened to those forecasts for $20-30 oil? Oil, which traded Friday at about $80 per barrel, is up more than 100% in the past 12 months, and the U.S./global economic recoveries have just started, which is why I'm reiterating my Buy rating for BP plc (NYSE: BP), first recommended on March 26, 2009 at a price of $41.72. If you bought BP then, you're up about 30%.

After a challenging 2009, look for BP to improve its fundamentals over the next 2-4 years, with continued, superior oil/natural gas reserve replacement, and restructured, more-efficient downstream operations. Revenue will total only about $220-$230 billion in FY2009, but will rebound to better than $300 billion in FY2010 -- and the latter assumes only a $55-65 per barrel oil price: crude will likely average a much higher price in 2010, assuming the global recovery does not stall.

Continue reading Consider BP, before oil hits triple digits, again

Consider BP, before oil hits triple digits, again originally appeared on BloggingStocks on Fri, 23 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPfuelgasoilFri, 23 Oct 2009 17:00:00 EST<![CDATA[Oil rises despite increased inventories]]>http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/#commentsFiled under: , , , , , ,

oil pricesOil prices have risen sharply today, despite news that oil inventories rose more than expected last week.

Traders pushed oil up $2.92 a barrel Tuesday to $69.63 even though oil inventories rose by 2.8 million barrels last week verse analyst estimates for a rise of 2.1 million barrels.

Continue reading Oil rises despite increased inventories

Oil rises despite increased inventories originally appeared on BloggingStocks on Wed, 30 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasgasolineGDPinthenewsinventoriesIranoiloil pricesOilPricespoliticsrecessionWed, 30 Sep 2009 17:00:00 EST