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Goldman Adds Exxon Mobil To 'Conviction Buy' List, States 'Run With The Tiger'
Wednesday, July 22, 2015 - 8:40am | 314In a report published Tuesday, Goldman Sachs analyst Neil Mehta added shares of Exxon Mobil Corporation (NYSE: XOM) to the "Goldman Sachs Conviction List" as the analyst's $95 price target implies a 20 percent return. According to Mehta, after multiple years of negative production...
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Goldman Cuts Brent Forecasts (And Gives E&P M&A Ideas)
Monday, May 18, 2015 - 8:30am | 233The investment bank issued a broad swatch of comments on the global oil sector. Aside from numerous downgrades, Goldman Sachs is also fearful of regional oil performance in China, Austria and the Association of Southeast Asian Nations (ASEAN). One special bit that sticks out is the estimation...
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RBC Upgrades HollyFrontier, Notes Improving Operational Execution
Thursday, May 7, 2015 - 11:32am | 353In a report published Thursday, RBC Capital Markets analyst Brad Heffern upgraded shares of HollyFrontier Corp (NYSE: HFC) to Outperform from Sector Perform with a price target raised to $49 from a previous $40 given improving operation execution, a new drop strategy and a large new buyback...
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Crude Oil's Current Bullish And Bearish Cases
Tuesday, April 28, 2015 - 1:51pm | 369In the past few weeks, crude oil prices have moved substantially higher from the sub-$45 mark that it touched not too long ago. Now, at above $55, the Street is divided on whether it can move further up or if crude is approaching its ceiling. Neal Dingmann, analyst at SunTrust Robinson Humphrey...
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Oil Stocks Are Surging
Wednesday, April 15, 2015 - 12:22pm | 495A report by the U.S. government on Wednesday indicated that crude supplies rose 1.29 million barrels last week, marking the smallest weekly gain since the seven-day period ending January 2. Analysts were expecting a gain of 3.6 million barrels for the week. The report, issued by the Energy...
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Bank Of America Maintains Exxon Mobil At Buy, Says 'Outlook Intact'
Thursday, March 5, 2015 - 12:01pm | 213In a report published Wednesday, Bank of America analyst Doug Leggate commented on Exxon Mobil Corporation's (NYSE: XOM) Analyst Day, noting that its 2015 strategy update has "minimal new news" and that its outlook is "intact." Leggate argued that the company's continued strategy of shifting...
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How Are Hedge Funds Playing Oil?
Friday, December 12, 2014 - 1:53pm | 638Oil and water do not mix. What about oil and hedge funds? Benzinga reached out to Evan Rapoport, CEO of leading hedge fund database, HedgeCo.Net for comment. With regard to energy-focused funds that trade oil-related equities, Rapoport shared three important observations: 1. Portfolio...
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Cheapest Gas In 4 Years Likely To Come This Fall
Friday, September 19, 2014 - 1:54pm | 566According to GasBuddy.com, Friday's morning benchmark average national price for gasoline in the United States was $3.36 per gallon. That’s almost $0.16 per gallon cheaper than the average per gallon price last year. That is just the beginning. $3 Per Gallon Gas Still Likely...
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3 Commodities You Should Watch, According to Mike Seery
Wednesday, July 16, 2014 - 7:50am | 1004In trading commodities, Mike Seery likes to keep it simple. His preference is to enter on a trade on a four-week low or a four-week high. He's also a trend-follower. “If something has hit the lowest price in the last 20 trading days, I am going to short it,” he said. “If...
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FXI Back In Expansion Territory After HSBC Flash PMI
Monday, June 23, 2014 - 10:29am | 506ETF Outlook for the Week of June 23, 2014 iShares FTSE/Xinhua China 25 Index ETF (NYSE: FXI) The HSBC Flash PMI for the month of June in China came in at 50.8, up from 49.4 in May. The number was well above expectations of 49.7 and is back into expansion territory. After the number was...
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Brent Supported By Positive Demand Outlook
Tuesday, June 10, 2014 - 9:05am | 404Brent crude oil rose to a near two month high on Monday on hopes that the global appetite for oil is growing. The optimism is being fueled by promising economic data from both the US and China. The commodity held on to some of that strength on Tuesday morning and traded at $109.99 at 8:20 GMT...
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#PreMarket Primer: Monday, January 6: Asia Plunges
Monday, January 6, 2014 - 8:17am | 671Record cold temperatures are gripping much of the nation but expect the U.S. markets to return to business as usual this week now that the holiday season is over. Investors will watch Washington as the monthly jobs report hits the market Friday as well as minutes from the Federal Reserve’s most...
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ETF of the Week: Oil (USO, BNO)
Monday, November 25, 2013 - 8:23am | 448The news over the weekend regarding a nuclear deal with Iran sent oil futures lower on Sunday when electronic trading opened. West Texas oil futures fell by one percent immediately as Brent crude, more sensitive to the Mideast, fell by over two percent. The deal with Iran is only temporary...
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Market Wrap For Tuesday, September 24: Markets Go Parabolic
Tuesday, September 24, 2013 - 4:24pm | 673Equity markets spiked lower Tuesday morning, catching up with futures lows. However, a sharp recovery left markets flat on a day of heavy economic data. Major Indexes The Dow Jones Industrial Average dropped 66.79 points, or 0.43 percent, to 15,334.59. The S&P 500 fell 4.42 points, or 0...
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Market Wrap For Thursday, September 12: Volume Light Over Possibility Of Syrian Fight
Thursday, September 12, 2013 - 4:21pm | 793“I think one of the basic reasons men make good friends is that they can make up their minds quickly,” said Marilyn Monroe. This certainly wasn’t the case Thursday as equity markets shot up and down throughout the day, eventually closing lower. Major Indexes The Dow Jones Industrial Average...