BP (NYSE: BP) keeps on fighting and appealing its own settlement for the business economic loss claims, mostly challenging the interpretation of the settlement by court-appointed administrator Patrick Juneau. BP has lost every attempt and appeal thus far. On Friday, BP added a new challenge asking for the entire settlement to be overturned.
Steve Herman, co-head of the committee of lawyers representing spill victims stated, “BP’s got the money more »
Chevron Corporation (NYSE: CVX) is a diversified oil and gas company that does everything from drilling for oil, natural gas, and natural gas liquids, to refining petroleum into everyday products such as fuel for our cars.
The company's diversified global assets provide ample cash flow – an average of $11.4 billion over the past three years – which makes it easy for the second largest U. S. -based integrated producer more »
Gasoline prices inevitably rise
Electric cars ("EV") inevitably become more efficient versus their gasoline counterparts. In 1970, I remember seeing the $0.29 per gallon price at the local gas station (as well as the mechanics!) :-) I also remember Dad's car got about 12 mpg. Today, $4.25 a gallon for gas is commonplace in my neighborhood and so are 30 mpg gasoline cars ("ICE"). Since Jan 1976, the more »
Over on MarketWatch an article entitled "Three crash-proof blue-chip stocks" was published on Monday, in which the author put forth three big-name stocks that he believed could weather a pullback better than the rest. The three stocks put forth were Exxon Mobil (NYSE: XOM), Amgen (NASDAQ: AMGN), and, believe it or not, Apple (NASDAQ: AAPL).
But there is no such thing as a crash-proof stock, and for a long-term investor more »
The shale plays of the U.S. are playing a bigger role day by day in the world oil and natural gas market. The advent of new technologies has not only opened up new avenues of growth for the country, but has also compelled oil and natural gas companies to shift their focus on the U.S. shale plays. The recent sale of Clyden oil sands leasehold by ConocoPhillips (NYSE: COPmore »)
Many financial planners espouse the merits of internationally diversifying your stock holdings. Across the globe, it’s important to not have all your eggs in one geographic basket.
There are hundreds of international stocks to choose from, but with unfamiliar far-away companies, questionable accounting methods, and hard-to-find financial reports, many investors may be frustrated at the difficulties of suitable international diversification.
If you count yourself among them, it’s actually more »
The Oil, Gas & Consumable Fuels industry is largely in charge of pulling oil out of the ground and getting it to your gas tank. Recent volatility in energy prices has investors cautious of companies in this space, creating significant discounts..
Industries in the sector
The Oil & Gas industry is not high on my scale, but that doesn’t mean we can’t find ‘best of breed’ value in this space more »
Among the major integrated oil and gas companies, ExxonMobil’s (NYSE: XOM) return on capital employed is industry leading. This lead, at least in part, is due to their in-depth understanding of energy markets. Because of this insight, it is useful to study their Outlook for Energy, a yearly publication with key findings concerning future energy demand and composition. The findings provide a good foundation for energy sector investors to more »
Take a chart of the S&P 500's performance over the first half of this year and compare it to the performance of the oil behemoths, Chevron (NYSE: CVX) and Exxon (NYSE: XOM) and you notice that these two companies have seriously underperformed. As I write, the S&P is up 18% year-to-date, while Exxon and Chevron are only up 3.2% and 12.6% respectively, even including annualized more »
If you are an investor in the energy sector then I believe that the 1st August was, in hindsight, a very important date. There were many companies reporting that day but three results in the energy space particularly grabbed my attention.
Mega cap energy companies disappoint
Big Oil is spending large amounts of cash to boost its future energy production and profits. Some of the industry’s recent investments in North American shale have not been as profitable as expected due to difficulties in extracting oil and gas from the dense rock. This has resulted in the write down of shale holdings by several oil producers, as well as lower earnings. Smaller oil producers have been more »
While there is certainly no shortage of stocks that have done well in the current bull market stampede, shares for publicly-traded companies in Argentina have rallied against political leadership with very anti-competitive policies.
Probably the most obvious of these has been the major oil company, YPF S.A. (NYSE: YPF). Trading near $70 a share in 2005, YPF S.A. is presently around $17 due to nationalization efforts by the more »
Owners of SPDR Gold Trust (NYSEMKT: GLD) have seen extraordinary gains in recent years. This ETF reflects the bullion value of gold, and from 2008 to 2013 it increased 80%. In 2013, however, gold has taken a tumble, falling nearly 20%. Is this hallmark inflation hedge losing its shine?
In April, the Fed announced that if the economy continues to recover it would begin to taper its $85 more »
As the back-half of 2013 gets underway, it is time for investors to position their portfolios for 2014. In addition to the usual full-year earnings releases in the first half of the year, a new Federal Reserve Chairman will be appointed to replace the outgoing Ben Bernanke.
In light of the fragile state of the U.S. economy and the prospect of Federal Reserve tapering, investors need to be ready more »
Recently a handful of the big oil companies released 2013 second-quarter earnings. The results were a little disappointing for the most part. But one company has been promising returns and in its second-quarter report backed up its talk with fantastic performance. Let's take a look at how a few of the major oil companies have fared this past quarter.
A slight disappointment...
source: Yahoo! Finance
- P/E: 10.1X more »
What’s going on?
Gasoline supplied in 2012, and 2013 is below the five-year average. Just because oil markets can increase total market supply, doesn’t necessarily mean it always does. The market for oil is usually colluded more »
It was a tale of two companies during last week's earnings deluge. On one side, bloated, Big Oil struggled to deliver results. On the other, nimble, mid-sized energy companies posted the growth investors crave. Welcome to the era of 'Medium Oil.'
Poor results from the majors
What comes to your mind when you think of 'Big Oil?' Do you imagine smoky Texan conference rooms where suits divvy up the more »
Warren Buffett never changes his strategy and is right more often than not. As net worth returns to pre-recession levels, it’s important for investors, (especially ones who lost a ton of money), to ask the question: Did Buffett’s buy and hold strategy help him beat the market? Let’s take a look at a few sectors to see if his strategy still works.
If you more »
What is the future of technology, energy, and the economy? Investors who know the answers to these three questions can profit handsomely. After all, every investment is made under the assumption that something tangible will happen in the future. Because of this, we can’t help but want to guess, and make an intelligent one at that.
I think that energy is one of the most important commodities in more »
Kirby (NYSE: KEX) is in marine transportation and diesel engine services. In marine transportation, Kirby provides both inland tank barging services as well as coastal tank barging services, also known as offshore marine services. It is the largest player in both these sectors in the U.S. In the inland tank barging services, the company occupies about 26% of the market, whereas in the coastal side of the business, it more »
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