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Stock Market & Financial Investment News

News Breaks
February 3, 2012
07:32 EDTMRO
theflyonthewall.com: Marathon Oil downgraded to Hold from Buy at Argus
Argus downgraded Marathon Oil based on valuation. :theflyonthewall.com



News For MRO From The Last 14 Days
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May 24, 2012
12:26 EDTMRO
theflyonthewall.com: PetroChina to look at refinery, storage assets in Americas, China Daily says
Chinese energy giant PetroChina (PTR) plans to "focus" on storage and refinery assets in the Americas this year, according to China Daily. According to media reports, PetroChina has been in talks with Valero (VLO) about buying the latter company's refinery in Aruba, the newspaper reported. PetroChina Chairman Jian Jiemin said the project is something the company might look at, but added that he was unaware of any deal, China Daily said. Reference Link :theflyonthewall.com
10:04 EDTMRO
theflyonthewall.com: Marathon Oil CFO says "well on way" to meeting asset sales goals
:theflyonthewall.com
09:52 EDTMRO
theflyonthewall.com: Marathon Oil sees drilling about 220 gross wells in Eagle Ford this year
:theflyonthewall.com
09:50 EDTMRO
theflyonthewall.com: Marathon Oil says 18 rigs currently operating in Eagle Ford shale, 8 in Bakken

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07:25 EDTMRO
theflyonthewall.com: UBS to host a conference

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May 15, 2012
08:51 EDTMRO
theflyonthewall.com: Capital One to host a bus trip

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May 14, 2012
07:36 EDTMRO
theflyonthewall.com: Hart Energy to host a conference

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May 13, 2012
15:33 EDTMRO
theflyonthewall.com: Jim Cramer's "Mad Money"
Jim Cramer laid out his game plan for the week of May 14, ahead of Facebook's (FB) IPO on Friday. (Monday) Groupon (GRPN) reports, Cramer said this stock shows us just what can go wrong with a red hot technology-related IPO. He said to stay away. (Tuesday) A slew of retail earnings, including JC Penney (JCP), Dick'' Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. (Wednesday) earnings include John Deere (DE) a perpetually downbeat conference call, Target (TGT) a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains'' results. (Thursday) Reporting: Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. (Friday) the expected IPO of Facebook (FB) and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket. Next, Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. Now ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, the company is only growing at 3% to 5% a year, hardly enough to get excited about., Cramer says. He prefers Chevron (CVX), which offers a smaller dividend but also more growth. Investors looking for even more upside should consider EOG Resources (EOG) or an oil pipeline like Kinder Morgan Energy Partners (KMP). Bottom-line: Cramer said that he's not a buyer of either half of the old Conoco and told investors that this opportunity, like most other break up stories, has come to an end. Then, Cramer put the energy drink maker Monster Beverage (MNST) through his 10-step prism to find out if its a turbo-charged company or just an over-caffeinated stock. Weighing all the pros and cons, Cramer said that he would invest in Monster only as a speculative stock. He also recommended using deep-in-the-money call options as a stock replacement strategy to limit the downside risk. MAD MAIL: Medtronic (MDT) is dead money and there are better places to invest. Cramer prefers Energy Transfer Partners (ETP) instead of Inergy (NRGY). Conns (CONN) too risky. Cramer is only recommending a few oil stocks and not Carrizo (CRZO). Bearish on Windstream Communications (WIN). Abbott Labs (ABT) is his favorite drug stock. NO HUDDLE OFFENSE: Cramer sounded off on the JPMorgan Chase (JPM)) bad-trade debacle. Cramer suggested JPM CEO Jamie Dimon give up his bonus as a gesture of good will toward shareholders. LIGHTNING ROUND: (Bullish) DOW; CCE; HBAN, buy under $6. (Bearish) UPL; BGCP; BRCD; ERF.Reference Link :theflyonthewall.com