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Yesterday’s crashing market sent crude oil to its lowest close in eight months. WTI crude fell even further this morning, to below $76/barrel before turning around to rise above $82/barrel at...
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The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making a...
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24/7 Wall St. usually covers ten to fifteen analyst calls each morning that are having an impact on shares. After going through these research calls at the end of the week (and during the week),...
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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Apple Inc. (NASDAQ: AAPL) Reiterated Buy and raised target to $500 at...
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With pump prices for gasoline approaching $4/gal everywhere and $5/gal in some US cities, it would seem logical that crude oil refiners are a good bet to do well. It’s not that simple, though, and...
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Time for our daily look at the world of commodity prices and key developments. The US Energy Information Administration announced today that crude oil stocks in the US grew by 2 million barrels last...
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These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apollo Group Inc. (NASDAQ: APOL) Raised to Market Perform at FBR. Exelon Corp....
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Valero Energy Corp. (NYSE:VLO) is the first of the oil refiners to report earnings this quarter, and this morning’s release is a lot better than a year ago, when diluted EPS soured to -$0.61. For...
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Crude oil prices are off more than 20% from their high of $87.15 on May 3rd. The major contributor to that slide are serious concerns over sovereign debt primarily in the European Union. The nearly...
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The headlines this morning are that short interest rose a tiny bit on the NYSE and fell on NASDAQ. However, after looking closer into the numbers a different story is being told for the most recent...
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Western Refining, Inc. (NYSE: WNR) has announced its intent to sell 14 million shares of common stock. This would bring in gross proceeds of nearly $196 million at current prices. The company...
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Three companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining Inc....
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There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been...
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Western Refining Inc. (NYSE:WNR) reported a quarterly EPS loss of -$0.19, just half as much as its -$0.38 EPS loss in the fourth quarter of 2007. Excluding a one-time inventory write-down, the...
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Frontier Oil (NYSE:FTO) released its third quarter earnings yesterday, and the news was not good. EPS was $0.70, down from $1.28 a year ago, and below analysts’ estimates of $0.73. Revenues rose to...
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