Posted On: 08/14/2014 8:33:56 PM
Post# of 273256
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Conocophillips (COP) 80.17 $COP
Jim Cramer's 'Mad Money' Recap: Let the Good Times Roll
at The Street - 31 mins ago
Good things that aren't supposed to happen seem to be a daily occurrence in our stock market and that's making for a lot of lucky shareholders.
FMC Technologies Rides Wave Of Offshore Oil Demand
at Investor's Business Daily - Wed Aug 13, 2:46PM CDT
In 1884, John Bean invented a spray pump to save California orchards from a harmful insect. That innovation gave the ancestor to FMC Technologies its start. The company is still innovating, but it has moved from agriculture to supplying gear and...
3 Reasons Occidental Petroleum Stock Could Rise
Bob Ciura, The Motley Fool - Motley Fool - Wed Aug 13, 9:59AM CDT
Occidental Petroleum is a premier oil and gas producer. It's reaping huge rewards from the energy boom taking place in the United States, just like close rival ConocoPhillips . While the two companies seem identical on the surface, one of the key...
Next Resistance Level for ConocoPhillips (COP) is $81.09
Comtex SmarTrend(R) - Wed Aug 13, 9:54AM CDT
Shares of ConocoPhillips (NYSE:COP) opened today above their pivot of $80.42 and have already reached the first level of resistance at $80.76. Should the shares continue to rise, the resistance pivots of $81.09 and $81.76 will be of interest.
Venari Resources Raises Additional $1.3 Billion
PR Newswire - Wed Aug 13, 9:00AM CDT
Venari Resources LLC, (the "Company"
a deepwater oil exploration and production company in the Gulf of Mexico, today announced that it has raised an additional $1.3 billion of equity commitments. Venari's management and existing private equity and investment firms Warburg Pincus, Kelso & Company, Temasek and The Jordan Company, were joined by several new investors, including GIC, Singapore's sovereign wealth fund, and BlackRock Private Equity Partners for the second financing effort. To date, Venari has raised $2.4 billion of equity commitments from its investors, including the $1.1 billion line of equity announced when the Company was formed in May 2012.
Why ConocoPhillips Is the Energy Sector's Best Bargain
at The Street - Wed Aug 13, 5:00AM CDT
Even based on 2015 estimates of $6.60, these shares are only trading at a P/E of 12 -- still under the industry average.
Murphy Oil Unit to Divest Retail Gasoline Assets in U.K. - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 12, 3:30PM CDT
Murphy Oil Corporation (MUR) announced that its unit Murco Petroleum Limited has inked an agreement with Motor Fuel Group to sell the retail gasoline assets to the latter.
Global CO2 EOR Market - Forecast to 2019
PR Newswire Europe - Tue Aug 12, 12:56PM CDT
Research and Markets [http://www.researchandmarkets.com/research/rgbj2n/co2_eor_market] has announced the addition of the "CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" [http://www.researchandmarkets.com/research/rgbj2n/co2_eor_market] report to their offering.
ConocoPhillips Earnings: Growth Where It Matters Most
Matt DiLallo, The Motley Fool - Motley Fool - Tue Aug 12, 10:43AM CDT
Source: ConocoPhillips. ConocoPhillips announced second-quarter results on July 31. The independent oil and gas giant reported earnings of $2.1 billion, or $1.67 per share. However, adjusted for one-time items, the company's second-quarter...
CO2 EOR Market - Permian Basin Industry Analysis 2013 - 2019
M2 - Tue Aug 12, 9:58AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vw9z6c/co2_eor_market) has announced the addition of the "CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" report to their offering. Out of all the three major methods of enhanced oil recovery (EOR) namely, thermal, gas/CO2 and chemical, CO2 enhanced oil recovery technology has been proved as the most viable and commercially profitable in the U.S. Permian Basin region based in West Texas has seen high development and expansion of the CO2 EOR market as it consist of more than half of the total CO EOR projects in the world. Capacity addition as well as exploration of new projects is taking place in the Permian Basin and is creating a demand for highly pure and low cost and CO2. Traditionally, the CO2 was sourced from natural CO2 reservoirs; however, the trend is expected to change in the near future with emergence of new industrial CO2 capture and storage projects. Therefore, an extensive CO2 supply pipeline network has been developed in this region. This extensive network helps to meet the upward CO2 demand from CO2 EOR sub-industry. Permian Basin has strong support from local and state government that drives the development of CO2 supply network thus the CO2 EOR market ,These norms and regulations provide tax befits and incentives for carbon capture and storage plants. Considering the global CO2 EOR market, Permian Basin CO2 EOR market has dominated the global CO2 EOR market in terms of oil production due to high number of projects. Major players or operators in the Permian Basin are involved in the development strategies such as acquisition in order to penetrate the market and expand the production capacities. Major operators involved in the production of oil from the Permian Basin CO2 EOR fields are Chevron Corporation, ConocoPhillips Co., ExxonMobil Corporation, Hess Corporation, Kinder Morgan, Inc., Occidental Petroleum Corporation and Whiting Petroleum Corporation. Revenue Analysis - For Favorable Market Conditions - For Unfavorable Market Conditions - Permian Basin CO2 EOR Market: Region Covered - Permian Basin, West Texas - Permian Basin CO2 EOR Market: CO Supply Analysis - CO2 Supply Status in the Permian Basin, West Texas in Terms of Volume Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Permian Basin CO2 EOR Market - Industry Analysis Chapter 4 Permian Basin CO2 EOR Market & Major Projects Chapter 5 Permian Basin CO2 EOR Market - CO2 Supply Status Chapter 6 Company Profiles - Chevron Corporation - ConocoPhillips Co. - ExxonMobil Corporation - Hess Corporation - Kinder Morgan, Inc. - Occidental Petroleum Corporation - Whiting Petroleum Corporation For more information visit http://www.researchandmarkets.com/research/vw...eor_market
Dividend, Financial Results and Prestigious Recognition - Research Reports on Anadarko, ConocoPhillips, Occidental, Dow and Gulfport
PR Newswire - Tue Aug 12, 8:10AM CDT
Today, Analysts Review released its research reports regarding Anadarko Petroleum Corporation (NYSE: APC), ConocoPhillips (NYSE: COP), Occidental Petroleum Corporation (NYSE: OXY), The Dow Chemical Company (NYSE: DOW) and Gulfport Energy Corporation (NASDAQ: GPOR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5660-100free.
Top 20 North America Independent E&P Companies - Financial & Operational Fundamental Analysis and Benchmarking 2014
M2 - Tue Aug 12, 6:02AM CDT
Research and Markets (http://www.researchandmarkets.com/research/qgcxjp/top_20_north) has announced the addition of the "Top 20 North America Independent E&P Companies - Financial & Operational Fundamental Analysis and Benchmarking-2014" report to their offering. The report benchmarks and analyzes Top 20 North America Independent Exploration & Production Companies on various operational and financial parameters. The report is an essential source for key operational data, analysis and strategic insights into companies. It provides detailed information on the key operational and financial parameters for the last five years. It also highlights the top ranked company on various operational and financial parameters such as proved oil and gas reserves, production, costs incurred, acreage & wells, performance metrics, results of oil and gas operations and financial metrics. Proved oil and gas Reserves of the Top 20 North America Independent Exploration & Production (E&P) Companies increased in 2013, up from 38.14 billion barrels of oil equivalent (boe) in 2009 to 45.10 billion boe in 2013. ConocoPhillips had the highest proved oil and gas reserves of 8,921 mmboe among the Top 20 North America Independent Exploration & Production (E&P) Companies. The company's proved reserves increased at a growth of 3% from 8,642 mmboe in 2012 to 8,921 mmboe in 2013. Scope - Detailed and unique insights information on the key operational and financial parameters. The report provides a comprehensive overview of production, production change, production growth, reserves, reserve changes, reserve growth, capital expenditures, performance metrics, financial metrics and results of oil and gas operations. - Provides annual information on key operational and financial parameters for the period 2009 to 2013. - Benchmarks North America Independent (E&P) companies on operational and financial parameters. - The top 20 North America Independent Exploration & Production (E&P) Companies: Financial & Operational Fundamental Analysis and Benchmarking report is based on Company Annual Report, publicly available data filed with the U S Securities and Exchange Commission (SEC) and other similar agencies worldwide. Key Topics Covered: 1 Tables & Figures 2 Benchmarking Methodology 3 Top 20 North America Independent E&P Companies, Overall Scores 4 Top 20 North America Independent E&P Companies, Operational Performance 5 Top 20 North America Independent E&P Companies, Financial Performance 6 Anadarko Petroleum Corporation, Operational Statistics, 2009-2013 7 Antero Resources Corporation, Operational Statistics, 2009-2013 8 Apache Corporation, Operational Statistics, 2009-2013 9 Cabot Oil & Gas Corporation, Operational Statistics, 2009-2013 10 Canadian Natural Resources Limited, Operational Statistics, 2009-2013 11 Chesapeake Energy Corporation, Operational Statistics, 2009-2013 12 ConocoPhillips, Operational Statistics, 2009-2013 13 Consol Energy Inc., Operational Statistics, 2009-2013 14 Continental Resources Inc., Operational Statistics, 2009-2013 15 Devon Energy Corporation, Operational Statistics, 2009-2013 16 Encana Corporation, Operational Statistics, 2009-2013 17 EOG Resources, Inc., Operational Statistics, 2009-2013 18 Hess Corporation, Operational Statistics, 2009-2013 19 Linn Energy, LLC, Operational Statistics, 2009-2013 20 Marathon Oil Corporation, Operational Statistics, 2009-2013 21 Noble Energy, Inc., Operational Statistics, 2009-2013 22 Occidental Petroleum Corporation, Operational Statistics, 2009-2013 23 Range Resources Corporation, Operational Statistics, 2009-2013 24 Southwestern Energy Company, Operational Statistics, 2009-2013 25 Talisman Energy Inc., Operational Statistics, 2009-2013 26 Appendix For more information visit http://www.researchandmarkets.com/research/qg...p_20_north
EOG Resources, a Shale-Powered Growth Story Continues to Impress
at The Street - Mon Aug 11, 1:51PM CDT
Core area strength and new shale areas in the Permian Basin to explore, EOG’s future is looking bright, but does this make it a buy?
ConocoPhillips Earnings Hindsight: Down 1.4% in Last 11 Days (COP)
Comtex SmarTrend(R) - Mon Aug 11, 9:13AM CDT
A week ago on July 31st, 2014 ConocoPhillips (NYSE:COP) reported earnings and analysts, on average, expected earnings of $1.61 on sales of $15.4 billion. ConocoPhillips actually reported earnings of $1.61 per share on sales of $13.8 billion, beating EPS estimates by $0.00 and missing revenue estimates by $15,374.2 billion. Shares of ConocoPhillips have slipped from $82.50 to $81.33, representing a loss of 1.4%, since the company reported earnings 11 days ago.
Kinder Morgan to combine its family of companies
By JONATHAN FAHEY - AP - Sun Aug 10, 5:46PM CDT
NEW YORK (AP) — The group of oil and gas pipeline and storage companies controlled by Kinder Morgan but traded separately will combine and become the 4th biggest U.S. energy company by market value.
Permian Basin Shale Leads In Texas' Oil Resurgence
at Investor's Business Daily - Fri Aug 08, 4:29PM CDT
Texas has squarely reaffirmed its status as king of the oil patch. Oil coaxed from the rapidly developing Eagle Ford and Permian Basin production areas recently lifted the state's output back above 3 million barrels per day (bpd) for the first time...
Marathon Oil Is Poised to Benefit From Production Growth in U.S.
at The Street - Thu Aug 07, 10:56AM CDT
A relaxation of the U.S. ban on exports of crude oil may help, too.
ConocoPhillips Set to Possibly Rebound After Yesterday's Selloff of 2.73%
Comtex SmarTrend(R) - Tue Aug 05, 3:59PM CDT
ConocoPhillips (NYSE:COP) traded in a range yesterday that spanned from a low of $79.38 to a high of $81.59. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $79.83 on volume of 6.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Oil & Gas Stock Roundup: Crude Drops Further, Production Sags at Exxon, Chevron - Analyst Blog
Nilanjan Choudhury - Zacks Investment Research - Tue Aug 05, 2:32PM CDT
Crude prices tumbled further below $100, while investors punished integrated oil biggies Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) on worries over their declining production trends.
ConocoPhillips (COP) Approaches New Downside Target of $79.62
Comtex SmarTrend(R) - Tue Aug 05, 12:27PM CDT
Shares of ConocoPhillips (NYSE:COP) opened today below their pivot of $81.48 and have already reached the first level of support at $80.80. Analysts will be watching for a cross of the next downside pivot targets of $79.62 and $77.76.
Jim Cramer's 'Mad Money' Recap: Let the Good Times Roll
at The Street - 31 mins ago
Good things that aren't supposed to happen seem to be a daily occurrence in our stock market and that's making for a lot of lucky shareholders.
FMC Technologies Rides Wave Of Offshore Oil Demand
at Investor's Business Daily - Wed Aug 13, 2:46PM CDT
In 1884, John Bean invented a spray pump to save California orchards from a harmful insect. That innovation gave the ancestor to FMC Technologies its start. The company is still innovating, but it has moved from agriculture to supplying gear and...
3 Reasons Occidental Petroleum Stock Could Rise
Bob Ciura, The Motley Fool - Motley Fool - Wed Aug 13, 9:59AM CDT
Occidental Petroleum is a premier oil and gas producer. It's reaping huge rewards from the energy boom taking place in the United States, just like close rival ConocoPhillips . While the two companies seem identical on the surface, one of the key...
Next Resistance Level for ConocoPhillips (COP) is $81.09
Comtex SmarTrend(R) - Wed Aug 13, 9:54AM CDT
Shares of ConocoPhillips (NYSE:COP) opened today above their pivot of $80.42 and have already reached the first level of resistance at $80.76. Should the shares continue to rise, the resistance pivots of $81.09 and $81.76 will be of interest.
Venari Resources Raises Additional $1.3 Billion
PR Newswire - Wed Aug 13, 9:00AM CDT
Venari Resources LLC, (the "Company"
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Why ConocoPhillips Is the Energy Sector's Best Bargain
at The Street - Wed Aug 13, 5:00AM CDT
Even based on 2015 estimates of $6.60, these shares are only trading at a P/E of 12 -- still under the industry average.
Murphy Oil Unit to Divest Retail Gasoline Assets in U.K. - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 12, 3:30PM CDT
Murphy Oil Corporation (MUR) announced that its unit Murco Petroleum Limited has inked an agreement with Motor Fuel Group to sell the retail gasoline assets to the latter.
Global CO2 EOR Market - Forecast to 2019
PR Newswire Europe - Tue Aug 12, 12:56PM CDT
Research and Markets [http://www.researchandmarkets.com/research/rgbj2n/co2_eor_market] has announced the addition of the "CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" [http://www.researchandmarkets.com/research/rgbj2n/co2_eor_market] report to their offering.
ConocoPhillips Earnings: Growth Where It Matters Most
Matt DiLallo, The Motley Fool - Motley Fool - Tue Aug 12, 10:43AM CDT
Source: ConocoPhillips. ConocoPhillips announced second-quarter results on July 31. The independent oil and gas giant reported earnings of $2.1 billion, or $1.67 per share. However, adjusted for one-time items, the company's second-quarter...
CO2 EOR Market - Permian Basin Industry Analysis 2013 - 2019
M2 - Tue Aug 12, 9:58AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vw9z6c/co2_eor_market) has announced the addition of the "CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" report to their offering. Out of all the three major methods of enhanced oil recovery (EOR) namely, thermal, gas/CO2 and chemical, CO2 enhanced oil recovery technology has been proved as the most viable and commercially profitable in the U.S. Permian Basin region based in West Texas has seen high development and expansion of the CO2 EOR market as it consist of more than half of the total CO EOR projects in the world. Capacity addition as well as exploration of new projects is taking place in the Permian Basin and is creating a demand for highly pure and low cost and CO2. Traditionally, the CO2 was sourced from natural CO2 reservoirs; however, the trend is expected to change in the near future with emergence of new industrial CO2 capture and storage projects. Therefore, an extensive CO2 supply pipeline network has been developed in this region. This extensive network helps to meet the upward CO2 demand from CO2 EOR sub-industry. Permian Basin has strong support from local and state government that drives the development of CO2 supply network thus the CO2 EOR market ,These norms and regulations provide tax befits and incentives for carbon capture and storage plants. Considering the global CO2 EOR market, Permian Basin CO2 EOR market has dominated the global CO2 EOR market in terms of oil production due to high number of projects. Major players or operators in the Permian Basin are involved in the development strategies such as acquisition in order to penetrate the market and expand the production capacities. Major operators involved in the production of oil from the Permian Basin CO2 EOR fields are Chevron Corporation, ConocoPhillips Co., ExxonMobil Corporation, Hess Corporation, Kinder Morgan, Inc., Occidental Petroleum Corporation and Whiting Petroleum Corporation. Revenue Analysis - For Favorable Market Conditions - For Unfavorable Market Conditions - Permian Basin CO2 EOR Market: Region Covered - Permian Basin, West Texas - Permian Basin CO2 EOR Market: CO Supply Analysis - CO2 Supply Status in the Permian Basin, West Texas in Terms of Volume Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Permian Basin CO2 EOR Market - Industry Analysis Chapter 4 Permian Basin CO2 EOR Market & Major Projects Chapter 5 Permian Basin CO2 EOR Market - CO2 Supply Status Chapter 6 Company Profiles - Chevron Corporation - ConocoPhillips Co. - ExxonMobil Corporation - Hess Corporation - Kinder Morgan, Inc. - Occidental Petroleum Corporation - Whiting Petroleum Corporation For more information visit http://www.researchandmarkets.com/research/vw...eor_market
Dividend, Financial Results and Prestigious Recognition - Research Reports on Anadarko, ConocoPhillips, Occidental, Dow and Gulfport
PR Newswire - Tue Aug 12, 8:10AM CDT
Today, Analysts Review released its research reports regarding Anadarko Petroleum Corporation (NYSE: APC), ConocoPhillips (NYSE: COP), Occidental Petroleum Corporation (NYSE: OXY), The Dow Chemical Company (NYSE: DOW) and Gulfport Energy Corporation (NASDAQ: GPOR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5660-100free.
Top 20 North America Independent E&P Companies - Financial & Operational Fundamental Analysis and Benchmarking 2014
M2 - Tue Aug 12, 6:02AM CDT
Research and Markets (http://www.researchandmarkets.com/research/qgcxjp/top_20_north) has announced the addition of the "Top 20 North America Independent E&P Companies - Financial & Operational Fundamental Analysis and Benchmarking-2014" report to their offering. The report benchmarks and analyzes Top 20 North America Independent Exploration & Production Companies on various operational and financial parameters. The report is an essential source for key operational data, analysis and strategic insights into companies. It provides detailed information on the key operational and financial parameters for the last five years. It also highlights the top ranked company on various operational and financial parameters such as proved oil and gas reserves, production, costs incurred, acreage & wells, performance metrics, results of oil and gas operations and financial metrics. Proved oil and gas Reserves of the Top 20 North America Independent Exploration & Production (E&P) Companies increased in 2013, up from 38.14 billion barrels of oil equivalent (boe) in 2009 to 45.10 billion boe in 2013. ConocoPhillips had the highest proved oil and gas reserves of 8,921 mmboe among the Top 20 North America Independent Exploration & Production (E&P) Companies. The company's proved reserves increased at a growth of 3% from 8,642 mmboe in 2012 to 8,921 mmboe in 2013. Scope - Detailed and unique insights information on the key operational and financial parameters. The report provides a comprehensive overview of production, production change, production growth, reserves, reserve changes, reserve growth, capital expenditures, performance metrics, financial metrics and results of oil and gas operations. - Provides annual information on key operational and financial parameters for the period 2009 to 2013. - Benchmarks North America Independent (E&P) companies on operational and financial parameters. - The top 20 North America Independent Exploration & Production (E&P) Companies: Financial & Operational Fundamental Analysis and Benchmarking report is based on Company Annual Report, publicly available data filed with the U S Securities and Exchange Commission (SEC) and other similar agencies worldwide. Key Topics Covered: 1 Tables & Figures 2 Benchmarking Methodology 3 Top 20 North America Independent E&P Companies, Overall Scores 4 Top 20 North America Independent E&P Companies, Operational Performance 5 Top 20 North America Independent E&P Companies, Financial Performance 6 Anadarko Petroleum Corporation, Operational Statistics, 2009-2013 7 Antero Resources Corporation, Operational Statistics, 2009-2013 8 Apache Corporation, Operational Statistics, 2009-2013 9 Cabot Oil & Gas Corporation, Operational Statistics, 2009-2013 10 Canadian Natural Resources Limited, Operational Statistics, 2009-2013 11 Chesapeake Energy Corporation, Operational Statistics, 2009-2013 12 ConocoPhillips, Operational Statistics, 2009-2013 13 Consol Energy Inc., Operational Statistics, 2009-2013 14 Continental Resources Inc., Operational Statistics, 2009-2013 15 Devon Energy Corporation, Operational Statistics, 2009-2013 16 Encana Corporation, Operational Statistics, 2009-2013 17 EOG Resources, Inc., Operational Statistics, 2009-2013 18 Hess Corporation, Operational Statistics, 2009-2013 19 Linn Energy, LLC, Operational Statistics, 2009-2013 20 Marathon Oil Corporation, Operational Statistics, 2009-2013 21 Noble Energy, Inc., Operational Statistics, 2009-2013 22 Occidental Petroleum Corporation, Operational Statistics, 2009-2013 23 Range Resources Corporation, Operational Statistics, 2009-2013 24 Southwestern Energy Company, Operational Statistics, 2009-2013 25 Talisman Energy Inc., Operational Statistics, 2009-2013 26 Appendix For more information visit http://www.researchandmarkets.com/research/qg...p_20_north
EOG Resources, a Shale-Powered Growth Story Continues to Impress
at The Street - Mon Aug 11, 1:51PM CDT
Core area strength and new shale areas in the Permian Basin to explore, EOG’s future is looking bright, but does this make it a buy?
ConocoPhillips Earnings Hindsight: Down 1.4% in Last 11 Days (COP)
Comtex SmarTrend(R) - Mon Aug 11, 9:13AM CDT
A week ago on July 31st, 2014 ConocoPhillips (NYSE:COP) reported earnings and analysts, on average, expected earnings of $1.61 on sales of $15.4 billion. ConocoPhillips actually reported earnings of $1.61 per share on sales of $13.8 billion, beating EPS estimates by $0.00 and missing revenue estimates by $15,374.2 billion. Shares of ConocoPhillips have slipped from $82.50 to $81.33, representing a loss of 1.4%, since the company reported earnings 11 days ago.
Kinder Morgan to combine its family of companies
By JONATHAN FAHEY - AP - Sun Aug 10, 5:46PM CDT
NEW YORK (AP) — The group of oil and gas pipeline and storage companies controlled by Kinder Morgan but traded separately will combine and become the 4th biggest U.S. energy company by market value.
Permian Basin Shale Leads In Texas' Oil Resurgence
at Investor's Business Daily - Fri Aug 08, 4:29PM CDT
Texas has squarely reaffirmed its status as king of the oil patch. Oil coaxed from the rapidly developing Eagle Ford and Permian Basin production areas recently lifted the state's output back above 3 million barrels per day (bpd) for the first time...
Marathon Oil Is Poised to Benefit From Production Growth in U.S.
at The Street - Thu Aug 07, 10:56AM CDT
A relaxation of the U.S. ban on exports of crude oil may help, too.
ConocoPhillips Set to Possibly Rebound After Yesterday's Selloff of 2.73%
Comtex SmarTrend(R) - Tue Aug 05, 3:59PM CDT
ConocoPhillips (NYSE:COP) traded in a range yesterday that spanned from a low of $79.38 to a high of $81.59. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $79.83 on volume of 6.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Oil & Gas Stock Roundup: Crude Drops Further, Production Sags at Exxon, Chevron - Analyst Blog
Nilanjan Choudhury - Zacks Investment Research - Tue Aug 05, 2:32PM CDT
Crude prices tumbled further below $100, while investors punished integrated oil biggies Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) on worries over their declining production trends.
ConocoPhillips (COP) Approaches New Downside Target of $79.62
Comtex SmarTrend(R) - Tue Aug 05, 12:27PM CDT
Shares of ConocoPhillips (NYSE:COP) opened today below their pivot of $81.48 and have already reached the first level of support at $80.80. Analysts will be watching for a cross of the next downside pivot targets of $79.62 and $77.76.
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