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Credit Suisse Upgrades Imperial Oil To Outperform, Says Recent Rebalance Favors Company
Monday, October 24, 2016 - 8:43am | 343Credit Suisse upgraded shares of Imperial Oil Limited (USA) (NYSE: IMO), premising the improved opinion on stronger free cash flow generation that is expected to increase shareholder return in the form of renewed stock buybacks. Balance Evolving Analyst Jason Frew highlighted the firm's downward...
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Barclays Turns Positive On Oil, Upgrades Murphy Oil
Wednesday, July 13, 2016 - 2:15pm | 439Barclays has upgraded Murphy Oil Corporation (NYSE: MUR) shares to Overweight from Equal Weight on valuation. Rating, Target And Estimate "We think the risks associated with the stock are already well known and have been priced in by the market. Despite their strong performance YTD, the shares...
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Barclays Dials Back Oil Forecast Following Brexit Vote
Friday, July 1, 2016 - 2:53pm | 280Equity and commodity markets have bounced back strongly this week after last week’s surprise Brexit vote sent shock waves through markets around the world. However, when it comes to the oil market, Barclays is not quite ready to dismiss the long-term impact of the Brexit. “The slowdown...
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How One Russian Oil Tycoon Has Added $3.5 Billion To His Net Worth During The Oil Market Collapse
Tuesday, June 28, 2016 - 1:41pm | 388The majority of Russia’s oil tycoons have been financially crippled by the global oil price collapse. However, the Wall Street Journal’s Laura Mills reported that one Russian oil billionaire has more than doubled his net worth from $2.4 billion to $5.9 billion during one of the harshest...
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Cramer Explains Tuesday's Rally: Trading Algorithms 'Are Still Tied To Oil'
Tuesday, June 28, 2016 - 10:47am | 256U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...
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Fund Manager Franklin Templeton Bets On Higher Oil Prices
Wednesday, June 22, 2016 - 11:06am | 327Franklin Templeton Investments, which has $740 billion in assets under management, has been making some big bets that the oil rally is far from over. WTI prices, which dipped near $26/bbl in February, have recovered to around $50/bbl in recent weeks. However, Franklin Templeton believes that prices...
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Calendar Could Be Good News For These Commodities ETFs
Tuesday, June 21, 2016 - 9:31am | 553Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...
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Goldman Sees These 3 Areas Leading The Oil Market Recovery
Thursday, May 26, 2016 - 12:03pm | 291Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...
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Asian Stocks Mostly Higher On 'Limited News Flow,' European Stocks Follow The Lead
Wednesday, May 25, 2016 - 8:28am | 289Asian stocks closed mostly higher on Wednesday after U.S. equities posted strong gains on Tuesday. "Asian markets have had limited news flow to deal with today," Chris Weston, chief market strategist at spreadbetter IG told CNBC. "The bold moves [today] are a reflection of the belief that the...
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Petrobras Shares Underperform Despite JPMorgan Upgrade
Tuesday, May 24, 2016 - 3:44pm | 340ADRs of Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) have underperformed, despite a recent upgrade from JPMorgan. Rating And Justification JPMorgan upgraded the stock to Neutral from Underweight on potential for lower credit risk, asset sales momentum, favorable regulatory environment and...
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New ETF Takes Both Sides Of The Commodities Trade
Friday, May 20, 2016 - 2:17pm | 290Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...
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This Country ETF Is Loving Higher Brent Prices
Tuesday, May 17, 2016 - 3:17pm | 529With the United States Brent Oil Fund, LP (NYSE: BNO) higher by nearly 23 percent year-to-date, a bevy of single-country exchange-traded funds tracking equities in major oil-producing nations are benefiting. That includes developed and emerging markets ETFs. Let's Talk Oil The group certainly...
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It'll Be A While Before Saudi Arabia Gets An EM Upgrade
Monday, May 16, 2016 - 8:09am | 497The iShares MSCI Saudi Arabia Capped ETF (NYSE: KSA), the lone exchange-traded fund dedicated to stocks in the Gulf Cooperation Council (GCC) nation, is down nearly 1.1 percent year-to-date, a disappointing performance when noting the United States Brent Oil Fund, LP (NYSE: BNO) is higher by 19.5...
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Occidental Petroleum Now Looks Fairly Valued; JPMorgan Lifts To $80
Monday, May 9, 2016 - 8:41am | 306JPMorgan’s Phil Gresh likes Occidental Petroleum Corporation (NYSE: OXY)'s “combination of offense and defense,” and mentioned that the stock valuation currently prices in the medium-term expectations. Gresh downgraded the rating on the company from Overweight to Neutral, while...
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Commodities Call For The Colombia ETF
Monday, May 9, 2016 - 8:33am | 474When commodities swooned over the past two years, plenty of emerging markets and the corresponding exchange-traded funds felt the pain. The Global X MSCI Colombia ETF (NYSE: GXG) was among those ETFs, losing an average of 34 percent in 2014 and 2015. Commodities' Swoon And Subsequent Rebound Those...