Tag: Exxon Mobil (XOM)
Chesapeake Energy: Another One Bites The Dust?
Is Chesapeake Energy Headed To Bankruptcy Court? Things are quickly going from bad to worse in the US energy space… Case in point, shares of one of the largest natural gas producers in the US sank 50% in yesterday’s trading session. Chesapeake Energy $CHK plunged as low as $1.55 a share as panicked investors ran […]
OPEC Oil Prices Hit Energy ETFs
Recently, the members of Organization of Petroleum Exporting Countries (OPEC) met. They decided to continue pumping oil at a record pace and let OPEC oil prices fall as the supply glut widens. The immediate reaction to the decision had a negative impact on oil prices. The price of a barrel of WTIC crude oil plunged […]
Exxon Mobil (XOM) Is Ready To Lead The Market Higher…
Just a few short weeks ago everything was hunky dory in the markets. First quarter earnings were coming in strong and market indexes were trading at multi-year highs. Investors were bullish and markets were poised to add to already fantastic year-to-date gains. But then Greece stole the show… Growing worries over a Greek exit from […]
Oil: Where’s It Going Next?
What a year for oil… Maybe you remember, crude kicked off 2011 with a bang. Social unrest in North Africa sent ‘Texas tea’ surging to $113 a barrel seemingly overnight. At the time, violent anti-government protests overcame dictatorships in Tunisia, Egypt, and Libya. Fears of unrest spreading to Middle Eastern oil giant Saudi Arabia had […]
