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Oil
Is it Time to Short Big Oil?
We know that Warren Buffet thinks that oil prices will rise over the long-term. This is why he holds a major $1.8 billion stake in Conoco Phillips (NYSE: COP). Berkshire also owns some ExxonMobil (NYSE: XOM), but it is an almost negligible $28 million position.
Gasoline Prices Falling on Less Driving, More Ethanol
The US pump price for a gallon of gasoline has hit an eight-month low of just below $2.71/gallon. This is good news for consumers, of course, but it underscores the continuing weakness in the US economy.
5 Oil Stocks Set to Make a Comeback
A close look at some major oil stocks shows that the popular opinion favors an upside of up to +31% in some of the biggest names in crude.
Oilsands Quest (BQI), Other Tar Sand Stocks Explore Crude Oil Alternatives
Digging up the tarry mess that comprises the Canadian oil and tar sands costs real money, and Oilsands Quest, Inc. (AMEX: BQI) has apparently decided it doesn't have enough. The oil sand and tar sands company has announced that it "has initiated a process to explore strategic alternatives for enhancing shareholder value" thanks to dropping crude oil prices.
Is it Time to Buy Oil Stocks Again?
Oil stocks to buy now include NR, RES and SWSI, while oil stocks to sell include DO, NE, RIG.
Transocean (RIG) Claims Limited Liability for Gulf Disaster
Now that the oil leak in the Gulf of Mexico has finally been halted, the spotlight will turn to assessing responsibility for the disaster that spewed 4.9 million barrels of crude oil into the Gulf. Transocean Ltd. (NYSE: RIG), the owner of the Deepwater Horizon rig that exploded and sank, has said that its contract with operator BP plc (NYSE: BP) protects the company from most lawsuits and damage claims. Transocean's position is that BP contractually agreed to indemnify the rig owner from any loss.
Fossil Fuel Subsidies Far Outstrip Renewable Incentives
It's fair to ask why on earth should the governments spend a dime on subsidizing fossil fuels while at the same time spending money to reduce (and eventually eliminate?) the use of fossil fuels? The answer to that question is partly based on demographics.
Big Oil Companies Strike Money in Earnings
Growing production, higher prices, and better refining margins all contributed to growth in the quarter. No surprises here. Share prices for both Exxon and Shell are up about 1% in early trading.
This Tanker Stock Has Double-Barreled Profits
Crude oil transportation demand is outstripping the recession-induced slimmed-down cargo capacity. As a result, tanker companies are scoring bigger profits this year, and those are being reflected in the firming share prices of some selected stocks.
Energy MLPs – A Look at Kinder Morgan Management (KMR)
Investors looking for steady income and a touch of capital appreciation have been turning to energy master limited partnerships, or MLPs, the past couple of years. One of my favorites is the largest pipeline operator in the world, Kinder Morgan Management (KMR).
Will Exxon Buy BP?
A British tabloid has reported Exxon Mobil Corp. (XOM) has received permission to make a bid worth about $150 billion for crude oil stock BP plc (BP).
Crude Oil and Gas Investment – 10 Stocks Worse than BP
Crude oil and gas investment can be tricky after BP plc (BP) stock has tumbled 50% in recent weeks. While oil stocks and the energy sector may look like good buys at the bottom, these 10 crude investments could be worse for your portfolio than BP. Here are 10 crude oil and gas stocks to sell now.
Oil Investments – Noble Corporation Acquisition of FDR Holdings Makes Waves
Oil investments saw a good deal of merger and acquisition action earlier this year. Noble Corporation. (NYSE: NE) has rekindled the acquisition trend today with news of merger plans with FDR Holdings Ltd. for a price tag of $2.16 billion. Noble Corp. is trending up on the news, with NE stock up about 3.5% as of this writing.
Offshore Oil Drilling Moratorium Struck Down (APC, NE, RIG)
The Obama administration's moratorium on new deepwater drilling in the Gulf of Mexico has been overturned, and suspension of drilling at 33 exploration wells will be appealed. Interior secretary Ken Salazar also said that the administration plans to declare a new moratorium within a few days that would contain additional specific justification to impose the ban.
BP Says Partner Stocks Share Liability in Gulf (BP, APC, RIG)
It had to happen eventually. BP plc (NYSE: BP) and Anadarko Petroleum Corp. (NYSE: APC) are now battling over the extent, if any, of the non-operating partner's share of the damages resulting from the oil well that is now leaking at least 40,000 barrels of oil a day into the Gulf of Mexico. Anadarko owns a 25% non-operating share in the well, and Japan's Mitsui and Co. Ltd. owns a 10% non-operating share. Transocean Ltd. (NYSE: RIG) owned the semi-submersible rig that exploded and ultimately sank, but it had no stake in the well's production.
Buy BP Plc Stock With a Sell Target of $37
The BP Plc (NYSE: BP) oil spill in the Gulf of Mexico is horrific. But investors looking for stocks to buy should consider the simple trading strategy of picking up BP shares at the bottom. Buying an undervalued stock can easily make you a quick profit. There is risk, of course, but buying BP stock could offer retirement investors significant rewards.
BP Debt Rating Downgraded Severely By Fitch
Fitch Ratings service has dropped its credit rating on BP plc (NYSE: BP) a breath-taking six notches, from 'AA' to 'BBB' this morning, and put the company on negative watch for additional downgrades. BP debt is now just two ticks above junk. According to Fitch, the ratings change is the result of the demand from the Obama administration that BP set up an escrow account to pay claims arising from the blown-out Macondo well.
