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#Premarket Prep Technical Update - Exxon Mobil Trading Lower
Tuesday, August 5, 2014 - 2:43pm | 33Read More...Exxon Mobil (NYSE: XOM) shares are trading lower by $1.85 at $98.28 in Tuesday's session. This is the lowest level for XOM since it bottomed on April 15 ($97.07).
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Traders Fear Oil Bubble
Monday, January 9, 2012 - 11:58am | 502Read More...The rocketing costs of oil and gas shales", which in one case has shot up 10-fold in five weeks, is raising concern of a bubble, according to Bloomberg. Bloomberg said that, “Chinese, French and Japanese energy explorers committed more than $8 billion in the past two weeks to shale-rock formations...
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Chevron Gets The Go Ahead For Huge Australian Natural Gas Project (CVX, XOM)
Monday, September 14, 2009 - 9:12am | 133Read More...Chevron (NYSE: CVX) approved the huge $37B Gorgon natural gas project in Australia yesterday. The project also includes Exxon Mobil (NYSE: XOM) and Royal Dutch Shell as partners. Chevron will own and operate 50% of the project with Exxon and Shell each owning 25%. The project has the possibility...
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Energy & Commodity ETFs (KWT, DBB, USO, KOL) Show Strength Today
Tuesday, September 8, 2009 - 12:36pm | 159Read More...A broad rally in energy and commodity ETFs including Solar (NYSE: KWT), Base Metals (NYSE: DBB), Oil (NYSE: USO), and Coal (NYSE: KOL) began at market open and is holding through midday trading. These ETFs are all up between 2.5%-5.5%. The main reason for this move is due to continued US Dollar...
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Chevron (CVX) poised to outperform going forward?
Monday, August 24, 2009 - 6:18pm | 221Read More...Chevron Corporation (CVX) is a top quality energy company with great management, a robust balance sheet, and solid earnings prospects. Chevron has $7B in cash, $44/share in book value compared with a $70 stock price, and a forward P/E of about 9.5. While waiting for any increase in share price the...
