By The Hedge Zone : In mid-March, we wrote an article titled: Settlement Creates Buying Opportunity In BP . A settlement had recently been reached with the thousands of individuals and businesses affected by the Deepwater Horizon explosion and subsequent Gulf oil spill, and we believed BP's ( BP )
… reports production at TengizChevroil, its Kazakh oil venture run jointly with ExxonMobil ( XOM +1.5% ) and Lukoil ( LUKOY .PK -1.7% ), has returned to normal rates in the wake of a fire at one of its processing plants that forced the unit to …
… Shares of Getty Realty ( GTY -8% ) are hit hard after Getty Petroleum Marketing, a former unit of Russian oil company Lukoil ( LUKOY .PK -5.6% ), filed for Chapter 11 bankruptcy protection yesterday. The realty company is trying to end its leasing deal …
By Devon Shire : A few weeks ago a wrote an article in which I suggested a plan for the larger oil companies like Exxon ( XOM ), Shell ( RDS.A ) and Chevron ( CVX ). Use the reasonably valued stock of those companies to go on an acquisition binge and buy up unconventional producers which are ...
Emerging Money submits: By Tim Seymour As of today, Sberbank is moving from SBRBF.PK to SBRCY.PK, ahead of a more formal sponsored Level 2 GDR listing in London in September: The September listing will also free up 7.6% of the state’s Sberbank shares for other investors to get a taste of this ...
… as pesky domestic price controls lead refiners to sell as much product as possible abroad. "(Prices) in Russia don't reflect the costs incurred ... to produce the gasoline," says Lukoii's ( LUKOY .PK ) CEO. Post your comment!
Lukoil ( LUKOY .PK +0.5% ) declares force majeure at its Ivory Coast offshore project and withdraws all of its staff from the country, citing the election-related violence. Post your comment!
… McDep Associates ) submits: The rising importance of oil in global economic growth is good for buy-recommended Lukoil ( LUKOY .PK ) and its home country, Russia. By our analysis, Lukoil stock has 105% unlevered appreciation potential to estimated …
Insider Monkey submits: Warren Buffett says the first rule of investing is not losing money, the second rule of investing is not forgetting the first rule. His mentor and professor at Columbia University, Benjamin Graham, always recommended investing with a large margin of safety. Defensive ...
… executed on its plans by generating $7 billion from asset divestments plus about $9 billion from the sale of its stake in Lukoil LUKOY . Proceeds went towards debt reduction, a 20% dividend increase, and about $4 billion worth of share repurchases. On Wednesday …