Petrochina Company Ltd (PTR) 70.93 $PTR
Marathon Petroleum to Cut Air Pollution, Fed Fines $334.6M
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 3:43PM CDT
Leading independent refiner, transporter and marketer of petroleum products, Marathon Petroleum Corporation (MPC), has agreed to spend $334.6 million to settle a dispute over refinery pollution across five U.S. states. The company will also pay a $326,000 civil penalty.
MDR: 4.74 (-0.19), MPC: 36.40 (-0.55), MRO: 13.42 (-0.84), PTR: 70.93 (-1.99)
BP Hits Gas in the Baltim South Development Lease in Egypt
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 10:15AM CDT
BP plc (BP) announced an important gas discovery in the Baltim South Development Lease in East Nile Delta.
BAK: 11.46 (-0.32), BP: 32.22 (-0.82), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Williams-Energy Transfer Receives Merger Approval with Conditions
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:56AM CDT
Williams Companies, Inc. (WMB) and Energy Transfer Equity LP (ETE) merger was recently approved by the U.S. Federal Trade Commission, subject to certain conditions.
BAK: 11.46 (-0.32), WMB: 22.04 (-1.24), ETE: 12.94 (-0.59), PTR: 70.93 (-1.99)
TOTAL French Refineries Resuming Work Post Labor Strike
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:37AM CDT
TOTAL's (TOT) refineries in France are gradually resuming normal operations after being hit by labor strikes.
BAK: 11.46 (-0.32), TOT: 47.20 (-1.51), XOM: 89.98 (-0.69), PTR: 70.93 (-1.99)
Valero's Refinery Base Robust, Weak Ethanol Business a Drag
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:33AM CDT
On Jun 8, 2016, we issued an updated research report on Texas-based Valero Energy Corporation (VLO).
VLO: 53.43 (-0.38), BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Shell to Restart Purchase of Crude from Iran After Total
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:06AM CDT
Europe's largest energy producer Royal Dutch Shell plc (RDS.A) has decided to restart buying Iranian crude is now grabbing attention
BAK: 11.46 (-0.32), RDS.A: 51.31 (-1.01), SSL: 27.51 (-1.52), TOT: 47.20 (-1.51), PTR: 70.93 (-1.99)
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Chevron, PetroChina and Marathon Oil
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Chevron, PetroChina and Marathon Oil
HAL: 44.38 (-1.12), MRO: 13.42 (-0.84), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), SLB: 78.53 (-1.43)
OPEC Meeting Concludes: Crude May Touch $40
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 4:11PM CDT
OPEC decided not to return to the output cap.
HAL: 44.38 (-1.12), MRO: 13.42 (-0.84), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), SLB: 78.53 (-1.43)
National Oilwell to Buy Trican's Completion Tools Business
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 7:12AM CDT
National Oilwell Varco Inc. (NOV) has decided to buy completion tools operations of Trican Well Service.
NOV: 35.03 (-1.31), WPT: 15.19 (unch), PTR: 70.93 (-1.99), TCP: 57.04 (-2.95)
Weatherford Prices Upsized Underwritten Public Offering
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 6:59AM CDT
Weatherford International plc (WFT) announced the pricing of an upsized underwritten public offering of $1.1 billion senior notes due 2021.
BAK: 11.46 (-0.32), WFT: 6.58 (-0.18), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
TOTAL (TOT) to Expand Via Gulf Africa Petroleum Asset Buy
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:19AM CDT
TOTAL (TOT) will further expand its operations in Africa by acquiring Gulf Africa Petroleum Corporation's assets. The transaction is however subject to approval.
BAK: 11.46 (-0.32), SSL: 27.51 (-1.52), TOT: 47.20 (-1.51), PTR: 70.93 (-1.99)
Magellan (MMP) Signs LOI to Enhance Gulf Coast Facility
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:10AM CDT
Magellan Midstream Partners LP (MMP) declared that it has signed a letter of intent (LOI) with LBC Tank Terminals LLC which operates liquid storage facilities globally.
NADL: 6.00 (+0.85), PTR: 70.93 (-1.99), MMP: 72.44 (-0.44), TCP: 57.04 (-2.95)
Cimarex Energy Poised for Growth on Cost-Cutting Measures
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:01AM CDT
On May 31, 2016, we issued an updated research report on independent oil & gas exploration and production firm, Cimarex Energy Company (XEC).
BAK: 11.46 (-0.32), XEC: 114.67 (-5.66), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Chevron (CVX) Might Sell its Thai Gas Field Stake for $500M
Zacks Equity Research - Zacks Investment Research - Fri May 27, 9:07AM CDT
Chevron Corporation (CVX) is planning to divest its Thailand based Arthit gas field stake valued at $500 million, going by Bloomberg.
MDR: 4.74 (-0.19), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), TCP: 57.04 (-2.95)
Petrobras Closes $6.75 Billion International Notes Offering
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:58AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR) has closed the offering of 5-year and 10-year notes having a combined value of $6.75 billion.
PBR: 6.47 (-0.42), MDR: 4.74 (-0.19), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
Should You Hold Western Refining (WNR) Amid Crude Rally?
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:57AM CDT
We issued an updated research report on oil refiner and marketer Western Refining Inc. (WNR) on May 24, 2016.
MDR: 4.74 (-0.19), WNR: 20.57 (-1.02), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
Kinder Morgan (KMI) Withdraws Application from NED Pipeline
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:55AM CDT
Kinder Morgan, Inc. (KMI) announced that it has withdrawn its application to the U.S. Federal Energy Regulatory Commission for the Northeast Energy Direct (NED) natural gas pipeline.
KMI: 17.51 (-0.57), BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Rowan to Receive Premature Drilling Contract Compensation
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:13AM CDT
Rowan Companies plc (RDC) announced that owing to the premature cancellation of one of its drilling contracts it would receive millions in compensation.
BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37), RDC: 18.03 (-1.27)
Downgrade Alert for PetroChina (PTR)
Comtex SmarTrend(R) - Tue May 24, 3:21AM CDT
PetroChina (NYSE
TR) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $66.27 on volume of 253,000 shares, above average daily volume of 162,000. PetroChina share prices have moved between a 52-week high of $130.97 and a 52-week low of $52.30 and closed yesterday at 27% above that low price at $66.27 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.7%.
PTR: 70.93 (-1.99)
Independence Contract Upped to Strong Buy as Oil Rallies
Zacks Equity Research - Zacks Investment Research - Mon May 23, 7:10AM CDT
On May 21, Zacks Investment Research upgraded onshore driller Independence Contract Drilling Inc. (ICD) to a Zacks Rank #1 (Strong Buy).
MDR: 4.74 (-0.19), ICD: 5.05 (-0.19), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
Marathon Petroleum to Cut Air Pollution, Fed Fines $334.6M
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 3:43PM CDT
Leading independent refiner, transporter and marketer of petroleum products, Marathon Petroleum Corporation (MPC), has agreed to spend $334.6 million to settle a dispute over refinery pollution across five U.S. states. The company will also pay a $326,000 civil penalty.
MDR: 4.74 (-0.19), MPC: 36.40 (-0.55), MRO: 13.42 (-0.84), PTR: 70.93 (-1.99)
BP Hits Gas in the Baltim South Development Lease in Egypt
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 10:15AM CDT
BP plc (BP) announced an important gas discovery in the Baltim South Development Lease in East Nile Delta.
BAK: 11.46 (-0.32), BP: 32.22 (-0.82), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Williams-Energy Transfer Receives Merger Approval with Conditions
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:56AM CDT
Williams Companies, Inc. (WMB) and Energy Transfer Equity LP (ETE) merger was recently approved by the U.S. Federal Trade Commission, subject to certain conditions.
BAK: 11.46 (-0.32), WMB: 22.04 (-1.24), ETE: 12.94 (-0.59), PTR: 70.93 (-1.99)
TOTAL French Refineries Resuming Work Post Labor Strike
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:37AM CDT
TOTAL's (TOT) refineries in France are gradually resuming normal operations after being hit by labor strikes.
BAK: 11.46 (-0.32), TOT: 47.20 (-1.51), XOM: 89.98 (-0.69), PTR: 70.93 (-1.99)
Valero's Refinery Base Robust, Weak Ethanol Business a Drag
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 9:33AM CDT
On Jun 8, 2016, we issued an updated research report on Texas-based Valero Energy Corporation (VLO).
VLO: 53.43 (-0.38), BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Shell to Restart Purchase of Crude from Iran After Total
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:06AM CDT
Europe's largest energy producer Royal Dutch Shell plc (RDS.A) has decided to restart buying Iranian crude is now grabbing attention
BAK: 11.46 (-0.32), RDS.A: 51.31 (-1.01), SSL: 27.51 (-1.52), TOT: 47.20 (-1.51), PTR: 70.93 (-1.99)
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Chevron, PetroChina and Marathon Oil
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Chevron, PetroChina and Marathon Oil
HAL: 44.38 (-1.12), MRO: 13.42 (-0.84), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), SLB: 78.53 (-1.43)
OPEC Meeting Concludes: Crude May Touch $40
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 4:11PM CDT
OPEC decided not to return to the output cap.
HAL: 44.38 (-1.12), MRO: 13.42 (-0.84), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), SLB: 78.53 (-1.43)
National Oilwell to Buy Trican's Completion Tools Business
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 7:12AM CDT
National Oilwell Varco Inc. (NOV) has decided to buy completion tools operations of Trican Well Service.
NOV: 35.03 (-1.31), WPT: 15.19 (unch), PTR: 70.93 (-1.99), TCP: 57.04 (-2.95)
Weatherford Prices Upsized Underwritten Public Offering
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 6:59AM CDT
Weatherford International plc (WFT) announced the pricing of an upsized underwritten public offering of $1.1 billion senior notes due 2021.
BAK: 11.46 (-0.32), WFT: 6.58 (-0.18), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
TOTAL (TOT) to Expand Via Gulf Africa Petroleum Asset Buy
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:19AM CDT
TOTAL (TOT) will further expand its operations in Africa by acquiring Gulf Africa Petroleum Corporation's assets. The transaction is however subject to approval.
BAK: 11.46 (-0.32), SSL: 27.51 (-1.52), TOT: 47.20 (-1.51), PTR: 70.93 (-1.99)
Magellan (MMP) Signs LOI to Enhance Gulf Coast Facility
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:10AM CDT
Magellan Midstream Partners LP (MMP) declared that it has signed a letter of intent (LOI) with LBC Tank Terminals LLC which operates liquid storage facilities globally.
NADL: 6.00 (+0.85), PTR: 70.93 (-1.99), MMP: 72.44 (-0.44), TCP: 57.04 (-2.95)
Cimarex Energy Poised for Growth on Cost-Cutting Measures
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:01AM CDT
On May 31, 2016, we issued an updated research report on independent oil & gas exploration and production firm, Cimarex Energy Company (XEC).
BAK: 11.46 (-0.32), XEC: 114.67 (-5.66), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Chevron (CVX) Might Sell its Thai Gas Field Stake for $500M
Zacks Equity Research - Zacks Investment Research - Fri May 27, 9:07AM CDT
Chevron Corporation (CVX) is planning to divest its Thailand based Arthit gas field stake valued at $500 million, going by Bloomberg.
MDR: 4.74 (-0.19), CVX: 101.98 (-0.83), PTR: 70.93 (-1.99), TCP: 57.04 (-2.95)
Petrobras Closes $6.75 Billion International Notes Offering
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:58AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR) has closed the offering of 5-year and 10-year notes having a combined value of $6.75 billion.
PBR: 6.47 (-0.42), MDR: 4.74 (-0.19), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
Should You Hold Western Refining (WNR) Amid Crude Rally?
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:57AM CDT
We issued an updated research report on oil refiner and marketer Western Refining Inc. (WNR) on May 24, 2016.
MDR: 4.74 (-0.19), WNR: 20.57 (-1.02), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
Kinder Morgan (KMI) Withdraws Application from NED Pipeline
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:55AM CDT
Kinder Morgan, Inc. (KMI) announced that it has withdrawn its application to the U.S. Federal Energy Regulatory Commission for the Northeast Energy Direct (NED) natural gas pipeline.
KMI: 17.51 (-0.57), BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37)
Rowan to Receive Premature Drilling Contract Compensation
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:13AM CDT
Rowan Companies plc (RDC) announced that owing to the premature cancellation of one of its drilling contracts it would receive millions in compensation.
BAK: 11.46 (-0.32), PTR: 70.93 (-1.99), CVRR: 9.73 (-0.37), RDC: 18.03 (-1.27)
Downgrade Alert for PetroChina (PTR)
Comtex SmarTrend(R) - Tue May 24, 3:21AM CDT
PetroChina (NYSE
TR) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $66.27 on volume of 253,000 shares, above average daily volume of 162,000. PetroChina share prices have moved between a 52-week high of $130.97 and a 52-week low of $52.30 and closed yesterday at 27% above that low price at $66.27 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.7%. PTR: 70.93 (-1.99)
Independence Contract Upped to Strong Buy as Oil Rallies
Zacks Equity Research - Zacks Investment Research - Mon May 23, 7:10AM CDT
On May 21, Zacks Investment Research upgraded onshore driller Independence Contract Drilling Inc. (ICD) to a Zacks Rank #1 (Strong Buy).
MDR: 4.74 (-0.19), ICD: 5.05 (-0.19), MUSA: 69.97 (-0.89), PTR: 70.93 (-1.99)
