Showing posts with label BP. Show all posts
Showing posts with label BP. Show all posts

Tuesday, May 1, 2012

Delta Airlines (NYSE: DAL) buys oil refinery from Phillips 66 (NYSE: PSX)

Delta Airlines (NYSE: DAL) buys oil refinery from Phillips 66 (NYSE: PSX)Northern, WI 5/1/12 (StreetBeat) -- Delta Air Lines Inc. (NYSE: DAL) announced Monday that it will buy an oil refinery from Phillips 66 (NYSE: PSX), the downstream business spinoff of ConocoPhillips, the Atlanta Business Chronicle, an affiliated publication, reports.

The purchase will be made by Delta's subsidiary, Monroe Energy LLC, for $150 million in an attempt to save money on rising fuel costs. Following the purchase, Delta will spend an additional $100 million to convert the existing refinery infrastructure for optimized jet fuel production.

The Trainer refinery complex, located in Pennsylvania, produces more than 185,000 barrels a day. The acquisition also includes pipelines and transportation assets that reach Delta's operations throughout the Northeast.

Monroe will come to strategic sourcing and marketing agreements with BP (NYSE: BP) and Phillips 66, Delta said, according to the Business Chronicle, which has more information.

Delta is the third-busiest commercial carrier at the Albuquerque International Sunport. ConocoPhillips has oil and gas production operations in New Mexico.

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Tuesday, February 7, 2012

U.S. to Be Free from Foreign Oil by 2030: BP

U.S. to Be Free from Foreign Oil by 2030: BPPalm Beach, FL 2/7/12 (StreetBeat) -- Oil and gas company BP (NYSE: BP) recently released its annual Energy Outlook and many of its projections should be viewed with concern.

According to the company, carbon emissions will increase 28 percent by 2030, a dire forecast for those trying to reverse the effects of climate change. Moreover, renewable energy sources — such as wind and solar — will contribute less than 10 percent of global energy output in the coming years despite growing at least eight percent a year between now and 2030.
The growth in emerging economies like China and Brazil will lead to a 39 percent increase in global energy demand by 2030, BP forecasts. China will become increasingly reliant on foreign oil, importing as much as 80 percent of its oil needs in the next 20 years. But it would be second to Europe, which is expected to import 94 percent of its oil and 80 percent of the natural gas it consumes. India could very likely take in 91 percent of its crude oil from abroad.

Alternatively, the United States could become almost entirely energy dependent by 2030, says BP. As the country expands its domestic natural gas production, the U.S. will buy less foreign oil, causing imports to fall to levels not seen since 1990. Natural gas production, otherwise known as "fracking," has come under intense scrutiny because of its environmental risks. The Obama administration recently gave a stinging rebuke to the industry by rejecting the proposed Keystone XL Pipeline, which would have brought 700,000 barrels per day of supply from Canada's oil sands projects to refineries on the U.S. Gulf Coast. In last month's State of the Union Address, Obama said he supported natural gas investment but pressed for more regulations to ensure the safety of natural gas drilling.

"We have a supply of natural gas that can last America nearly one hundred years, and my Administration will take every possible action to safely develop this energy," Obama said in his address. "Experts believe this will support more than 600,000 jobs by the end of the decade. And I'm requiring all companies that drill for gas on public lands to disclose the chemicals they use. America will develop this resource without putting the health and safety of our citizens at risk."

The U.S. has been pursuing energy independence since the 1973 Arab oil embargo forced a shortage of oil imports and caused gasoline prices to skyrocket at the pump. Bloomberg reports that the growing U.S. energy industry could fulfill the country's energy demands in 20 years. Natural gas production has increased 11 percent from 2007 to 2010 and domestic crude production has risen to 5.7 million barrels a day - its highest output in eight years, according to the U.S. Energy Department.

BP predicts natural gas will be the fastest growing fossil fuel by 2030, growing 2.1 percent per year. Energy from coal will increase by 1.2 percent each year, contributing more than 25 percent of total energy output by 2030.

Daniel Yergin, the Pulitzer-prize winning author of "The Prize" whose new book "The Quest" explores energy security, renewable sources and the world's shrinking oil supply, says the North American energy production revolution taking place could alter the marketplace forever.

"You've got a Western Hemisphere that by 2030 may not be importing any oil from the Eastern Hemisphere," Yergin tells The Daily Ticker's Aaron Task in the above video.

Yergin says even as the U.S. and other North American countries reduce their imports of oil and become more energy efficient, countries like China and India are consuming more energy as their citizens enter the working class and can afford Western luxuries like a personal car.

"While they [China, India] are increasingly concerned about climate change, they're more concerned about economic growth and poverty in their countries," he asserts. "They both rely heavily on coal and will increase their consumption of coal. This growth in greenhouse gases is riding on the back of global economic growth."

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Wednesday, January 18, 2012

Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL) Shares Slump After Cruise Ship Disaster

Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL) Shares Slump After Cruise Ship DisasterPalm Beach. FL 1/18/12 (StreetBeat) -- When is it too early for investors to take advantage of a tragedy and attempt to scoop up battered stocks on the cheap, or to pile on the distressed company and go short? It's a question on the minds of traders today as shares of Carnival Corp. (NYSE: CCL) slump to a 3-month low after its Costa Concordia hit rocks and capsized off the Tuscan coast of Italy Friday night with 4,200 passengers and crew on board.

Based on the prior performance of previous disasters digested on Wall Street, the answer is not for a long time. A rising death toll and list of missing passengers are foremost on the list of reasons would-be investors should steer clear. Add to that, fallout from a chaotic evacuation lead by a cowardly captain who is now facing criminal charges for abandoning his ship before his passengers, and this saga is clearly in the early stages of a long and costly ordeal for the world's largest cruise operator.

No less than 6 of 26 analysts who cover Carnival downgraded the stock ahead of the start of U.S. trading Tuesday morning, and several more cut their outlooks on rival Royal Caribbean (NYSE: RCL) as well. Together, these two companies alone enjoyed nearly 75% market share, and prior to the Costa Concordia disaster, both stocks enjoyed ''buy" ratings' from roughly two-thirds of analysts who followed them (although their estimates and price-targets had been trending lower as both stocks declined over the past year).

In the attached clip, Macke draws parallels with the BP (NYSE: BP) disaster two years ago and points out that shares of the oil company, while certainly up from its lows, are still not back to pre-spill levels. Interestingly, environmental costs are already being tacked onto Carnival's enormous bill, as leaks and spills are coming from the stranded ship and fears mount that it could break free of the rocks and sink to the bottom of the sea.

Beyond litigation and liability, other risks will be harder to quantify and will have ramifications for the entire cruise industry during its peak season. While cancellations can be tracked, trip insurance claims will be slower to emerge. Likewise for any trends on pricing and discounts which Macke predicts will be mitigated as the companies move to repair their images.

In short, if Macke and I had been looking for a way to play the consumer and/or leisure spending theme, the addition of a 3- 10% decline in the cruise line stocks today would hardly be enough of a sweetener to get us off the bench and into a distressed situation. As they say, there will always be another opportunity, and it's best to let this one pass.

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Tuesday, August 16, 2011

LargeCap Stocks to Keep an Eye on Today

LargeCap Stocks to Keep an Eye on TodayTomahawk, WI 8/16/2011 (PennyPayDay) – Clothing chain Urban Outfitters reported second-quarter earnings that fell 21% to $56.7 million, or 35 cents a share, as profit margins shrank.

The company beat analysts' expectations for earnings of 32 cents a share, boosting the shares in after-hours trading Monday. However, the stock was giving back those gains, plunging 10.4% to $26.61 in premarket trading Tuesday.

Solar panel maker Evergreen Solar has filed for Chapter 11 bankruptcy as it caved under stiff competition from cheaper Chinese products.

Share were dropping 9.4% to 16.3 cents.

Private-equity firm Carlyle Group is in exclusive talks to buy drug company Pharmaceutical Product Development for possibly as much as $4.3 billion, according to Bloomberg.

Pharmaceutical Product Development shares were popping 3.5% to $32.60.

Warren Buffett's Berkshire Hathaway hasinitiated a small stake in the discount retail chain Dollar General, and now has a $51 million position.

Dollar General shares were popping 3.3% to $33.24.

BP has replaced its head of strategy as the company tries to find ways to revive its share price following last year's $41 billion Gulf of Mexico oil spill, Bloomberg reported.

Shares were down 3.2% to $40.34.

Wal-Mart reported its ninth consecutive decline in U.S. same-store sales, but second-quarter earnings and total revenue topped forecasts, sending shares up 2.9% to $51.45 in premarket trading Tuesday.

The retail giant earned $1.09 a share on revenue of $108.6 billion, receiving a boost from Sam's Club and its international unit. Analysts were calling for a profit of $1.08 a share on revenue of $108.28 billion.

Shares of Agilent Technologies were falling 2.8% to $36.45 after the measurement company forecasted adjusted net income of 79 cents to 81 cents a share on revenue of $1.74 billion to $1.76 billion in the current quarter. Analysts were estimating earnings of 81 cents a share on revenue of $1.75 billion.

Third-quarter revenue came in at $1.69 billion, roughly in line with the Wall Street consensus target of $1.66 billion. The company posted third-quarter profit of 77 cents a share vs. the average analyst estimate of 73 cents a share.

Home Depot, the No. 1 home-improvement retailer, raised its earnings outlook for the fiscal year and said second-quarter profit rose 14.3% on a rebound in its seasonal business.

Home Depot shares were rising 2.5% to $32.23.

Home Depot earned $1.36 billion, or 86 cents a share, in the second quarter, up from year-earlier earnings of $1.19 billion, or 72 cents a share. Analysts surveyed by Thomson Reuters expected Home Depot to earn 83 cents a share.

Computer company Dell is expected to report second-quarter profit of 49 cents a share after the markets close Tuesday vs. last year's profit of 32 cents a share. Shares were down 0.3% to $15.45.

Branded food products company J.M. Smucker cut coffee prices by 6% for the majority of its brands including Folgers, as the costs for green coffee fell.


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Monday, May 9, 2011

Do Your Own Research to Save the Markets

Do Your Own Research to Save the MarketsShawshank, VA 5/9/2011 (PennyPayDay) -- After the detection of an oil spill on April 22, 2010, the southern United States went through a battle due to seafood pricing. Restaurants began to overstock, believing that there would be a shortage. The companies began to raise their prices due to supply and demand.

However compared to the devastation that presented itself to Japan, the BP oil spill becomes such a small bleep on the radar of hardship. After media beefed up their stories to present it in such a distraught and horrible way, the oil spill has become a thing of the past as Japan emerges as the newest heartbreak of the world. The damage in Japan has once again united us like the times after Hurricane Katrina.

The seafood markets in Japan are failing because of the same problems in the US, media coverage.

The scare of nuclear radiation has caused a bad reputation to cloud the minds of consumers all over. Instead of doing our research, we instead take the easier way out harming those whom feed their families, and provide shelter using our business.

Instead of just focusing on the radiation scare, I want to point out other factors you should fear.

So how about Ciguatera?

Many people are not aware of this type of food poisoning that is common. Dinoflagellates are these little algae-like organisms which created a toxin by the name of ciguatoxin. This toxin travels through the food chain as small fish eat the algae and bigger fish eat the small fish.

If this happens enough then the larger fish can have enough of this toxin to make a human sick when it eats the fish. Ciguatoxin is also a “heat stable” toxin which allows it to remain just as effective no matter if you burn the fish to a crisp.

So, whenever you buy fish, instead of just considering what kind of harmful things the media has covered, do your own research. By doing so, you will be providing yourself with facts instead of relying on the research of others that is then stripped of any detail which maybe “boring” and not of “newsworthiness”.

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Friday, March 25, 2011

LargeCap Stocks to Watch Today

LargeCap Stocks to Watch TodayShares of BlackBerry maker Research In Motion were dropping 11.9% to $56.45 in premarket trading Friday after the company disappointed Wall Street with its outlook.

RIM competitor Apple was rising 0.9% to $347.99 in premarket trading.

Oracle was rising 4.4% to $33.55 as the software giant's results got a round of applause after beating Wall Street's profit expectations and after it lifted its quarterly dividend by 20%.

German software company SAP was rising 2% to $61.13 after competitor Oracle beat expectations and SAP got a boost to overweight from neutral from HSBC.

Shares of oil giant BP were trading 1.3% lower at $46.20 after an arbitration tribunal ruled against the company's $8 billion stock swap with Russia's Rosneft.

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Friday, November 19, 2010

Energy Stocks Trading Alert; (OTCBB: AAPH), (NYSE:BP) (NYSE:CVX) (NYSE:CHK)

Point Roberts WA- November 18, 2010 (Investorideas.com Energy Newswire) – www.Investorideas.com reports on energy stocks trading for November 18th for interested oil and gas investors.

Energy Stocks Trading November 18th, 2010 (at time of release)

American Petro-Hunter, Inc. (OTC.BB: AAPH) trading $ 0.34, up 0.01 (3.03%)
BP (NYSE: BP) trading at $42.11 up 0.51 (1.21%)
Chevron Corporation (NYSE: CVX) trading $83.67 up 1.27 (1.54%)
Chesapeake (NYSE: CHK ) trading at $22.17 up 0.07 (0.32%)


Market Summary at time of release
Dow 11,190.65 +182.77 +1.66%
Nasdaq 2,523.20 +47.19 +1.91%
S&P 500 1,199.60 +21.01 +1.78%
10 Yr Bond (%) 2.9260% +0.0620
Oil 82.11 +1.67 +2.08%
Gold 1,336.80 +14.30 +1.07%

Recent Oil and Gas Stocks News

Recent Oil and Gas Stocks News on Investorideas.com
Trading Alert for Oil and Gas Investors; American Petro-Hunter (OTCBB: AAPH) Research Highlights
“American Petro-Hunter provides an exciting short term and long term investment opportunity.” - Grass Roots Research and Distribution, Inc

Research AAPH.OB Today! www.aaphreport.com

Point Roberts, WA - November 17, 2010 - The Investorideas.com Energy Newswire makes recent Oil and Gas stock research reports and CFA commentary on American Petro-Hunter Inc (OTCBB: AAPH ) available to oil and gas investors.

Lisa Springer, CFA, equity research analyst and financial writer features AAPH in both Oil and Gas sector commentaries; “The Role of Independent Producers in America’s Energy Future” and “Untapped Opportunity in Shale Oil”. Reports include Big Players in the Oil and Gas Sector Including Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH)

The Cohen report by Grass Roots Research and Distribution notes, “Based on an average of these methods, AAPH common stock is valued at $1.02 per share, 191.3% higher than current market price of $0.34.”
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Full New at: http://www.investorideas.com/CO/AAPH/news/11172.asp



Chesapeake Energy Corporation (NYSE: CHK ) Recent News:
Chesapeake Energy Corporation and CNOOC Limited Announce Closing of Eagle Ford Shale Project Cooperation Agreement

“Chesapeake Energy Corporation today announced the closing of a project cooperation agreement whereby CNOOC International Limited, a wholly owned subsidiary of CNOOC Limited, purchased a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the transaction was $1.08 billion in cash, plus an additional $40 million payment adjustment at closing. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake’s share of drilling and completion costs up to $1.08 billion, which Chesapeake expects to occur by year-end 2012.

Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are very pleased to have partnered with CNOOC Limited in completing our fifth industry shale development transaction. We look forward to accelerating the development of this large domestic oil and natural gas resource, resulting in a reduction of our country’s oil imports over time, the creation of thousands of high-paying jobs in the U.S. and the payment of very significant local, state and federal taxes.”
Full News at: http://finance.yahoo.com/news/Chesapeake-Energy-Corporation-bw-4025156033.html?x=0&.v=1

About Chesapeake Energy Corporation (NYSE: CHK )
Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Granite Wash, Eagle Ford, Niobrara and various other unconventional liquids plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets. Further information is available at www.chk.com.

Chevron Corporation (NYSE: CVX) Recent News:
Chevron Energy Solutions Receives Highest Level of Recognition From OSHA's Voluntary Protection Program
“Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX - News), announced today that its operation of the Central Utility Plant at Fort Detrick has earned Star Status from the Occupational Safety and Health Administration's (OSHA) Voluntary Protection Program (VPP). The Star VPP is OSHA's prestigious safety and health certification that recognizes employers and workers in private industry and federal agencies who have implemented exemplary occupational safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages for their respective industries.”
Full News at: http://www.pennypayday.com/125/section.aspx/178814/cvx


Research more energy stocks:
Visit the oil and gas stocks directory listing publicly traded stocks from multiple global stock exchanges including TSX, ASX, OTC, NASDAQ and NYSE.
http://www.investorideas.com/OGSN/Stock_List.asp

More info : American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets. www.americanpetrohunter.com
Company Research
http://www.aaphreport.com/

Visit the AAPH showcase profile at Investorideas.com


Request News and Info on AAPH
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Contact American Petro-Hunter:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com

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Disclaimer/ Disclosure: The following news is paid for and /or published as information only for our readers. American Petro-hunter Inc. (AAPH.OB) one month showcase energy stock on Investorideas.com and all related energy portals and blogs (twenty thousand per month) Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of principal .This site is currently compensated by featured companies, news submissions and online advertising.

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