EnCana Co. (NYSE: ECA), Manning & Napier Inc. (NYSE: MN), Aegerion Pharmaceuticals (NASDAQ: AEGR), Antofagasta plc (NASDAQ: ANFGY), Integra LifeSciences (NASDAQ: IART) and Informatica Co. (NASDAQ: INFA) ratings and price targets.
Manning & Napier Inc. (MN) is now covered by Needham & Company. They have a “buy” rating and a price target of $15.00 on the firm.
Aegerion Pharmaceuticals (AEGR) had its “buy” rating reiterated by Canaccord Genuity.
Antofagasta plc (ANFGY) was downgraded by Deutsche Bank (NYSE:DB) from a “buy” rating to a “hold” rating.
Integra LifeSciences (IART) was downgraded by Argus from a “buy” rating to a “hold” rating.
Informatica Co. (INFA) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating. They have a price target of $35.00 on the firm, down from $55.00.
EnCana Co. (ECA) was upgraded by ISI Group from a “sell” rating to a “buy” rating.
Showing posts with label EnCana Corp. Show all posts
Showing posts with label EnCana Corp. Show all posts
Monday, January 9, 2012
ProLogis (PLD) (RFMD) (ROG) (ECA) (ETP) (FFCH) Downgraded
ProLogis (NYSE: PLD), RF Micro Device (NASDAQ: RFMD), Rogers Co. (NYSE: ROG), EnCana Co. (NYSE: ECA), Energy Transfer (NYSE: ETP) and First Financial (NASDAQ: FFCH) were downgraded by analysts.
ProLogis (PLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
RF Micro Device (RFMD) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $90.00 on the company.
Rogers Co. (ROG) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating.
EnCana Co. (ECA) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $20.00 on the company, down from $22.00.
Energy Transfer (ETP) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
First Financial (FFCH) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
ProLogis (PLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
RF Micro Device (RFMD) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $90.00 on the company.
Rogers Co. (ROG) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating.
EnCana Co. (ECA) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $20.00 on the company, down from $22.00.
Energy Transfer (ETP) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
First Financial (FFCH) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Thursday, November 3, 2011
EnCana (ECA) (DMND) (CCG) (CECO) (DASTY) (EXPD) Downgraded
EnCana Co. (NYSE: ECA), Diamond Foods (NASDAQ: DMND), Campus Crest Communities (NYSE: CCG), Career Education Corp. (NASDAQ: CECO), Dassault Systemes S.A. (OTC: DASTY) and Expeditors International (NASDAQ: EXPD) downgraded by analysts.
EnCana Co. (ECA) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.
Diamond Foods (DMND) was downgraded by Bank of America from a “Buy” rating to a “Neutral” rating. They have a price target of $65.00 on the company.
Campus Crest Communities (CCG) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.
Career Education Corp. (CECO) was downgraded by William Blair from an “Outperform” rating to an “Underperform” rating.
Dassault Systemes S.A. (DASTY) was downgraded by HSBC (NYSE:HBC) from an “Overweight” rating to a “Neutral” rating.
Expeditors International (EXPD) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
EnCana Co. (ECA) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.
Diamond Foods (DMND) was downgraded by Bank of America from a “Buy” rating to a “Neutral” rating. They have a price target of $65.00 on the company.
Campus Crest Communities (CCG) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.
Career Education Corp. (CECO) was downgraded by William Blair from an “Outperform” rating to an “Underperform” rating.
Dassault Systemes S.A. (DASTY) was downgraded by HSBC (NYSE:HBC) from an “Overweight” rating to a “Neutral” rating.
Expeditors International (EXPD) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Tuesday, September 13, 2011
EnCana (ECA) (VIP) (GCOM) (GIVN) (IFNNY) (IRET) (LLTC) Upgraded
EnCana Co. (NYSE: ECA), Vimpelcom Ltd (NYSE: VIP), Globecomm Systems (NASDAQ: GCOM), Given Imaging Ltd (NASDAQ: GIVN), Infineon Technologies AG (NASDAQ: IFNNY), Investors Real Estate Trust (NASDAQ: IRET) and Linear Technology Co. (NASDAQ: LLTC) upgraded by analysts.
Vimpelcom Ltd (VIP) was upgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $12.50 on the company, down from $14.50.
EnCana Co. (ECA) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Globecomm Systems (GCOM) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.
Given Imaging Ltd (GIVN) was upgraded by Maxim Group from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Infineon Technologies AG (NASDAQ: IFNNY) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating.
Investors Real Estate Trust (IRET) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $9.00 on the company.
Vimpelcom Ltd (VIP) was upgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $12.50 on the company, down from $14.50.
EnCana Co. (ECA) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Globecomm Systems (GCOM) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.
Given Imaging Ltd (GIVN) was upgraded by Maxim Group from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Infineon Technologies AG (NASDAQ: IFNNY) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating.
Investors Real Estate Trust (IRET) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $9.00 on the company.
Friday, August 26, 2011
China Sunergy (CSUN) (ECA) (HPQ) (MT) Downgraded
China Sunergy Co. Ltd (NASDAQ: CSUN), EnCana Co. (NYSE: ECA), Hewlett-Packard (NYSE: HPQ) and ArcelorMittal ADR (NYSE: MT) downgraded by analysts.
China Sunergy Co. Ltd (CSUN) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $1.60 on the company, down from $2.50.
EnCana Co. (ECA) was downgraded by The Benchmark Company from a “Buy” rating to a “Hold” rating.
Hewlett-Packard (HPQ) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $30.00 on the company, down from $35.00.
ArcelorMittal (MT) was downgraded by Nomura from a “Buy” rating to a “Neutral” rating.
China Sunergy Co. Ltd (CSUN) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $1.60 on the company, down from $2.50.
EnCana Co. (ECA) was downgraded by The Benchmark Company from a “Buy” rating to a “Hold” rating.
Hewlett-Packard (HPQ) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $30.00 on the company, down from $35.00.
ArcelorMittal (MT) was downgraded by Nomura from a “Buy” rating to a “Neutral” rating.
Thursday, August 18, 2011
EnCana (ECA) (TW) (CRIC) (DGX) (DKS) Upgraded
EnCana Co. (NYSE: ECA), Towers Watson and Co (NYSE: TW), China Real Estate Information Co. (NASDAQ: CRIC), Quest Diagnostics Inc (NYSE: DGX) and Dick’s Sporting Goods (NYSE: DKS) upgraded by analysts.
EnCana Co. (ECA) was upgraded by Ticonderoga from a “Sell” rating to a “Neutral” rating.
Towers Watson and Co. (TW) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.
China Real Estate Information Co. (CRIC) was upgraded by William Blair from a “Market Perform” rating to an “Outperform” rating.
Quest Diagnostics Inc. (DGX) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Dick’s Sporting Goods (DKS) was upgraded by Sterne Agee from a “Sell” rating to a “Neutral” rating.
EnCana Co. (ECA) was upgraded by Ticonderoga from a “Sell” rating to a “Neutral” rating.
Towers Watson and Co. (TW) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.
China Real Estate Information Co. (CRIC) was upgraded by William Blair from a “Market Perform” rating to an “Outperform” rating.
Quest Diagnostics Inc. (DGX) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Dick’s Sporting Goods (DKS) was upgraded by Sterne Agee from a “Sell” rating to a “Neutral” rating.
Friday, May 20, 2011
Petrobras (PBR) (CRK) (ECA) (XOM) (COP) Trade Mixed as Energy Falls
Shares of Comstock Resources (NYSE:CRK), Encana Corp. (NYSE:ECA), Petrobras (NYSE:PBR), Exxon Mobil (NYSE:XOM) and Conoco (NYSE:COP) traded mixed on Thursday as oil and gas were down on the day.
After the International Energy Agency expressed concerns about the effects of higher oil and gasoline prices on the global economy, oil fell in Thursday trading.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Petrobras (PBR) closed Thursday at $33.69, falling $0.57, or 1.66 percent.
After the International Energy Agency expressed concerns about the effects of higher oil and gasoline prices on the global economy, oil fell in Thursday trading.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Petrobras (PBR) closed Thursday at $33.69, falling $0.57, or 1.66 percent.
Wednesday, May 18, 2011
Brigham (BEXP) (ECA) (TSO) (DVN) (HES) Up on Lower Gas Inventory
Shares of oil companies Brigham Exploration (NASDAQ:BEXP), Encana Corp. (NYSE:ECA), Tesoro Corporation (NYSE:TSO), Devon Energy (NYSE:DVN) and Hess Corporation (NYSE:HES) were trading up today after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.
Light, sweet crude West Texas Intermediate oil for June delivery is up $3.61 to $100.52 a barrel on the Nymex.
Brent crude July contracts rose $2.74 to $112.73 a barrel.
This could be an indicator that refinery demand may possibly be on the rebound.
MF Global wrote in a note to clients, “We think oil prices will continue to erode and we still think $90 is a reasonable short-term target on WTI, although short-term, we are getting a tad oversold and may be in for a bounce here.”
Brigham Exploration (BEXP) was trading at $29.03, up $1.58, or 5.76 percent. Encana Corp. (ECA) was at $32.77, gaining $0.33, or 1.02 percent. Tesoro Corporation (TSO) was trading at $24.23, rising $0.82, or 3.48 percent. Hess Corporation (HES) was trading at $76.84, jumping $1.38, or 1.83 percent. Devon Energy (DVN) was at $82.80, up $0.98, or 1.20 percent.
Light, sweet crude West Texas Intermediate oil for June delivery is up $3.61 to $100.52 a barrel on the Nymex.
Brent crude July contracts rose $2.74 to $112.73 a barrel.
This could be an indicator that refinery demand may possibly be on the rebound.
MF Global wrote in a note to clients, “We think oil prices will continue to erode and we still think $90 is a reasonable short-term target on WTI, although short-term, we are getting a tad oversold and may be in for a bounce here.”
Brigham Exploration (BEXP) was trading at $29.03, up $1.58, or 5.76 percent. Encana Corp. (ECA) was at $32.77, gaining $0.33, or 1.02 percent. Tesoro Corporation (TSO) was trading at $24.23, rising $0.82, or 3.48 percent. Hess Corporation (HES) was trading at $76.84, jumping $1.38, or 1.83 percent. Devon Energy (DVN) was at $82.80, up $0.98, or 1.20 percent.
Tuesday, May 17, 2011
Encana Corp. (ECA) Trades Down as Oil Prices Drop
Encana Corp. (NYSE:ECA) was under pressure as oil as gas prices fell Wednesday, dragging most of the energy companies down with them.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
EnCana Corporation participates in the exploration for, development, production, sale, and marketing of natural gas, crude oil, and natural gas liquids mostly in North America.
Encana Corp. (ECA) closed Wednesday at $32.59, down $0.35, or 1.06 percent.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
EnCana Corporation participates in the exploration for, development, production, sale, and marketing of natural gas, crude oil, and natural gas liquids mostly in North America.
Encana Corp. (ECA) closed Wednesday at $32.59, down $0.35, or 1.06 percent.
Monday, May 16, 2011
Encana (ECA) (HES) (LINE) (NOV) (PXP) Trade Mixed as Oil Prices Rebounded
Shares of Encana Corp. (NYSE:ECA), Hess Corporation (NYSE:HES), Linn Energy, LLC (NASDAQ:LINE), National-Oilwell Varco, Inc. (NYSE:NOV) and Plains Exploration & Production (NYSE:PXP) traded mixed even as oil prices closed Friday in positive territory.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Encana Corp. (ECA) closed Friday at $32.64, dropping $0.30, or 0.91 percent.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Encana Corp. (ECA) closed Friday at $32.64, dropping $0.30, or 0.91 percent.
Wednesday, May 11, 2011
Encana Corp. (NYSE:ECA) Trades Up as Oil, Gas Rise
Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Encana Corp. (NYSE:ECA).
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Encana Corporation participates in the exploration for, development, production, and marketing of natural gas, crude oil, and natural gas liquids primarily in North America.
Encana Corp. (NYSE:ECA) closed at $32.94, gaining $0.29, or 0.89 percent.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Encana Corporation participates in the exploration for, development, production, and marketing of natural gas, crude oil, and natural gas liquids primarily in North America.
Encana Corp. (NYSE:ECA) closed at $32.94, gaining $0.29, or 0.89 percent.
Tuesday, May 10, 2011
Baker Hughes (BHI) (CXPO) (ECA) (STR) (RDS-A) Trade Mixed as Oil Prices Rebound
Most oil and related companies performed strong Monday, as Baker Hughes Incorporated (NYSE:BHI), Crimson Exploration (NASDAQ:CXPO), Encana Corp. (NYSE:ECA), Questar Corporation (NYSE:STR) and Shell (NYSE:RDS-A) traded mixed as the price of oil rebounded.
Gastar was the only one of the list above to close down Monday.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Encana Corp. (ECA) closed Monday at $32.65, climbing $0.24, or 0.74 percent.
Gastar was the only one of the list above to close down Monday.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Encana Corp. (ECA) closed Monday at $32.65, climbing $0.24, or 0.74 percent.
Monday, May 9, 2011
Shares of (ECA) (PQ) (EPD) (FTK) (COP) Trade Up as Oil Closed Down 15% Last Week
Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Encana Corp. (NYSE:ECA), PetroQuest Energy (NYSE:PQ), Enterprise Products Partners (NYSE:EPD), Flotek Industries, Inc. (NYSE:FTK) and ConocoPhillips (NYSE:COP), and others, down with it, although those listed here all closed in positive territory Friday.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Flotek Industries, Inc. (FTK) closed Friday at $8.66, gaining $0.39, or 4.72 percent.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Flotek Industries, Inc. (FTK) closed Friday at $8.66, gaining $0.39, or 4.72 percent.
Friday, May 6, 2011
Encana (ECA) (PXP) (SWN) (DVN) Pressured as Oil Falls
Oil and oil-related companies Encana Corp. (NYSE:ECA), Plains Exploration & Production (NYSE:PXP), Southwestern Energy (NYSE:SWN) and Devon Energy (NYSE:DVN) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.
Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.
Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.
Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.
Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.
The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.
Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.
Encana Corp. (ECA) closed Thursday at $32.13, down $0.49, or 1.50 percent.
Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.
Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.
Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.
Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.
The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.
Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.
Encana Corp. (ECA) closed Thursday at $32.13, down $0.49, or 1.50 percent.
Thursday, May 5, 2011
Cameron (CAM) (TSO) (ECA) (KOG) (CWEI) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Tesoro Corporation (NYSE:TSO), Encana Corp. (NYSE:ECA), Kodiak Oil & Gas (Amex:KOG), Clayton Williams Energy (NASDAQ:CWEI) and Cameron International (NYSE:CAM) all closed down Wednesday as oil prices took a breather.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Cameron International (NYSE:CAM) closed Wednesday at $48.70, falling $2.09, or 4.11 percent.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Cameron International (NYSE:CAM) closed Wednesday at $48.70, falling $2.09, or 4.11 percent.
Wednesday, May 4, 2011
Pain Hits (DRQ) (END) (ECA) (HES) (COP) as Oil Demand Falls
Weakening demand for fuel has pushed down oil inventories and the price of oil, putting pressure on Dril-Quip, Inc. (NYSE:DRQ), Endeavour International (NYSE:END), Encana Corp. (NYSE:ECA), Hess Corporation (NYSE:HES) and ConocoPhillips (NYSE:COP).
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Hess Corporation (HES) closed at $79.83, falling $3.73, or 4.46 percent.
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Hess Corporation (HES) closed at $79.83, falling $3.73, or 4.46 percent.
Tuesday, May 3, 2011
Tesoro (TSO) (BHI) (ECA) (CAM) (COP) Trade Mixed on Volatile Energy Day
On a volatile day for oil prices, shares of Baker Hughes Incorporated (NYSE:BHI), Encana Corp. (NYSE:ECA), Tesoro Corporation (NYSE:TSO), Cameron International (NYSE:CAM) and ConocoPhillips (NYSE:COP) closed mixed on the uncertainty following the death of Osama bin Laden.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Encana Corp. closed Monday at $33.72, gaining $0.19, or 0.57 percent.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Encana Corp. closed Monday at $33.72, gaining $0.19, or 0.57 percent.
Monday, May 2, 2011
Marathon (MRO) (SHI) (KMP) (VQ) (ECA) Trade Mixed on Gas, Oil Price Jumps
Marathon Oil (NYSE:MRO), SINOPEC Shangai Petrochemical (NYSE:SHI), Kinder Morgan Energy Partners (NYSE:KMP), Venoco Inc. (NYSE:VQ) and Encana Corp. (NYSE:ECA) close mixed Friday as oil and gasoline prices jump again.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Marathon closed Friday at $52.72, gaining $0.52, or 1.00 percent.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Marathon closed Friday at $52.72, gaining $0.52, or 1.00 percent.
Friday, April 29, 2011
Range Resources (RRC) (PBR) (TTES) (END) (ECA) Close Mixed as Oil, Gas Rise
Range Resources (NYSE:RRC), T-3 Energy Services, Inc. (NASDAQ:TTES), Endeavour International (NYSE:END), Encana Corp. (NYSE:ECA) and Petrobras (NYSE:PBR) closed mixed as oil, gasoline and natural gas moved up in price Thursday.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Wednesday, April 27, 2011
Encana (ECA) (STR) (HAL) (BP) Close Up as Oil Settles at $112.21
Oil for June delivery fell below the $112.21 it settled at, as the American Petroleum Institute reported at 4:30 PM EDT that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. Still, energy companies like Encana Corp. (NYSE:ECA), Questar Corporation (NYSE:STR), Halliburton (NYSE:HAL) and BP (NYSE:BP) all closed up on the day.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline rose more than 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices remain low compared with three years ago. It's currently trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts garnered over twice that.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline rose more than 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices remain low compared with three years ago. It's currently trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts garnered over twice that.
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