ExxonMobil

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Exxon Mobil (XOM)“Nowhere is the supply and demand balance as tight as it is with oil; with the somewhat stronger economy here and abroad, the oil gap is closing again,” says Jim Powell.

The editor of Global Changes & Opportunities explains, “I think the best way to benefit from rising oil prices is to buy Exxon Mobil (XOM), the world’s largest, and one of its most reliable, energy investments.

“I think the price will reach the psychologically important $100 mark by this summer, and maybe a lot sooner.

Continue reading ExxonMobil (XOM): The Best Way to Play Oil

ExxonMobil (XOM): The Best Way to Play Oil originally appeared on BloggingStocks on Fri, 14 Jan 2011 13:00:00 EST. Please see our terms for use of feeds.

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Lockhood MartinThis series started with five major defense contractors and six major oil companies that are worthy considerations to help your portfolio survive a global crisis (see Chasing Value: You Must Own Defense and Oil for Safety). After the first review, one stock was eliminated from consideration: Petroleo Brasileiro (PBR). The reason is in the first story.

Today we continue our analysis by examining price-to-book (P/B), price-to-cash-flow (P/CF), and dividend yield. Each stock is ranked by sector and metric from best to worst. In the end we hope to narrow down our choices for candidates that might be added to Chasing Value: 2011 Stock Picks — The Journey Begins.

Continue reading Chasing Value: Defense and Oil — Part 2

Chasing Value: Defense and Oil — Part 2 originally appeared on BloggingStocks on Wed, 15 Dec 2010 12:00:00 EST. Please see our terms for use of feeds.

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Leave it to our representatives in Washington to make a compromise that ignores most of their previously stated beliefs — of only a few days ago. This just reinforces again the old joke “How do you know when a politician is lying?…”

Monday the Obama administration and congressional Republicans came to an agreement to extend both unemployment benefits by 13 months, and the Bush-era tax cuts for all by two years. What happened to the Republican and Democratic noise about fiscal responsibility and reducing the debt?

A few days ago Republicans were not going to vote for an extension of the unemployment funding if there was not associated revenue offset to pay for it. That’s gone, so the deficit is going up. The Democrats claimed they would not back an extension of the tax cuts for people that earned over $200,000 for individuals and $250,000 for joint returns claiming this would add $900 billion toward debt reduction. That’s gone so the deficit is going up.

Continue reading Serious Money: Washington Compromise Stinks, but Here Are Some Stocks To Look At

Serious Money: Washington Compromise Stinks, but Here Are Some Stocks To Look At originally appeared on BloggingStocks on Tue, 07 Dec 2010 16:40:00 EST. Please see our terms for use of feeds.

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BP logoEarly Tuesday morning, oil giant BP (BP) is scheduled to release its third-quarter 2010 financial results, the same quarter in which the disastrous Gulf oil spill was finally capped. So what are the analysts surveyed by Thomson Reuters expecting?

During the three months that ended in September, London-based BP also announced post-Gulf spill changes and plans to reinstate its dividend. Its earnings for that period are forecast to come to $1.51 per share, which is about the same as in the year-ago period. But revenue is expected to be 6.8% higher year over year to $72.5 billion.

Continue reading BP Earnings Preview

BP Earnings Preview originally appeared on BloggingStocks on Mon, 01 Nov 2010 14:30:00 EST. Please see our terms for use of feeds.

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