A number of energy companies enjoyed moves into positive territory today, including Chesapeake Energy (CHK), Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), which were all up on stronger oil prices and a perceived increase in demand for natural gas as a streak of warmer weather approaches.
Shares of energy companies have been getting hit hard as of late, with 12 of the last 13 trading session has shares in the companies down.
The NYSE Arca Natural Gas Index, the NYSE Arca Oil Index, and the Philadelphia Oil Service Index were all trading positive in mid-day action.
Electrical utilities have been changing from coal use to cheaper natural gas, which has helped the beleaguered fuel source get some strength to it.
Oil prices rose to over $92 a barrel, jumping $.62 a barrel a little before noon.
BP (NYSE: BP), Nabors Industries (NYSE: NBR) and Valero Energy Corp. (NYSE: VLO) were all trading much stronger in response to positive signals.
Showing posts with label Valero Energy. Show all posts
Showing posts with label Valero Energy. Show all posts
Monday, May 21, 2012
Tuesday, February 21, 2012
Valero (VLO) (HFC) (PBR) (UPL) (HSP) (GM) Ratings, Price Targets
Valero Energy Co. (VLO), HollyFrontier (HFC), Petroleo Brasileiro SA (PBR), Ultra Petroleum Corp. (UPL), Hospira, Inc. (HSP) and General Motors (GM) had ratings and price targets on them adjusted by analysts.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
Friday, February 17, 2012
Valero (VLO) (UPL) (HFC) (MSPD) (WOOF) (NILE) (FRT) Ratings, Price Targets
Valero Energy (NYSE:VLO), Ultra Petroleum (NYSE:UPL), HollyFrontier (HFC), Mindspeed (NASDAQ:MSPD), VCA Antech (NASDAQ:WOOF), Blue Nile (NASDAQ:NILE) and Frontier Communications (NASDAQ:FTR) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Friday, November 5, 2010
Encana (NYSE:ECA), Petrohawk (NYSE:HK), Valero Energy (NYSE:VLO) Soar on Rising Oil Prices
Encana (NYSE:ECA), Petrohawk (NYSE:HK), Valero Energy (NYSE:VLO) all moved up Thursday on the inflationary measures announced by the Federal Reserve through QE2, which pushed the broader commodity market up, along with commodity companies within each sector, including the oil and gas producers.
Commodity prices increased in general, including silver, which rose to over $26 an ounce. Gold prices surged to all-time record highs as well, moving toward the $1,400 an ounce mark. Aluminum soared to its highest levels since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80 a barrel on the New York Mercantile Exchange at $86.49.
Encana Corp. closed at $29.31 Thursday, rising $0.97, or 3.42 percent. Petrohawk surged to close at $16.84, gaining $0.35, or 2.12 percent. Valero Energy was up to $18.93 at the end of the trading day, rising by $0.79, or 4.36 percent.
Commodity prices increased in general, including silver, which rose to over $26 an ounce. Gold prices surged to all-time record highs as well, moving toward the $1,400 an ounce mark. Aluminum soared to its highest levels since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80 a barrel on the New York Mercantile Exchange at $86.49.
Encana Corp. closed at $29.31 Thursday, rising $0.97, or 3.42 percent. Petrohawk surged to close at $16.84, gaining $0.35, or 2.12 percent. Valero Energy was up to $18.93 at the end of the trading day, rising by $0.79, or 4.36 percent.
Thursday, June 4, 2009
Oil Business and News | American Energy Resources to Begin Drilling in New Oil Reserve
Oil Business and News
Declining consumer demand has taken a toll on many in the oil and gas industry.
Reports the oil refiner Valero Energy is expecting a second quarter loss because of the lackluster demand.
Earlier in the year when the price of oil settled near $35 per barrel many oil and gas services companies had to forgo new investments because of the low price and weak demand. Oil is now hovering near $68 a barrel with MarketWatch reporting a Goldman Sachs estimate that oil prices will hit $85 by year end.
But one Colorado-based oil and gas exploration company is moving forward with a new project.
American Energy Resources announced plans to drill from a newly discovered secondary oil reserve in Lane County, Kansas. The well is known as Doyle's Dome #7 and is expected to produce over 200 barrels a day and remain active for 25 years or longer.
"This is the second largest well American Energy Resources has ever drilled," said Don Allen, president and founder of American Energy Resources. "Our use of 3-D seismic mapping technology allows the company to hit 'sweet spots' with multiple pay zones."
Oil Business and News
Declining consumer demand has taken a toll on many in the oil and gas industry.
Reports the oil refiner Valero Energy is expecting a second quarter loss because of the lackluster demand.
Earlier in the year when the price of oil settled near $35 per barrel many oil and gas services companies had to forgo new investments because of the low price and weak demand. Oil is now hovering near $68 a barrel with MarketWatch reporting a Goldman Sachs estimate that oil prices will hit $85 by year end.
But one Colorado-based oil and gas exploration company is moving forward with a new project.
American Energy Resources announced plans to drill from a newly discovered secondary oil reserve in Lane County, Kansas. The well is known as Doyle's Dome #7 and is expected to produce over 200 barrels a day and remain active for 25 years or longer.
"This is the second largest well American Energy Resources has ever drilled," said Don Allen, president and founder of American Energy Resources. "Our use of 3-D seismic mapping technology allows the company to hit 'sweet spots' with multiple pay zones."
Oil Business and News
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