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Fundamentals For Chevron, Marathon Oil Haven't Been This Favorable Since 2012
Tuesday, January 17, 2017 - 1:32pm | 299Read More...Steadily rising oil prices coupled with increased operational efficiencies in the integrated oil sector may have created the best investment opportunity in the space since 2012. According to Jefferies analyst Jason Gammel, integrated oil companies have streamlined their operations so well that they...
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Analyst: Oil Market Needs OPEC To Take Action
Thursday, November 17, 2016 - 9:09am | 309Read More...The price of oil could see significant downside if OPEC members fail to reach an agreement that would cut or freeze their production, at least according to Jason Gammel of Jefferies. Oil Industry In Need Of Action Speaking as a guest on CNBC's "Markets Now," the oil expert pointed out that that the...
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Cost Cutting At ConocoPhillips Earns It An Upgrade From Jefferies
Wednesday, September 7, 2016 - 3:18pm | 357Read More...ConocoPhillips (NYSE: COP) has been one of the sector's most aggressive cost cutters since the slump in oil prices, and Jefferies acknowledged it with an upgrade to Hold from Underperform. ConocoPhillips cut its capex by 67 percent from 2014 to $5.7 billion, and slashed its operating costs by $2.9...
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Exxon And Chevron's New $37-Billion Project Is 'Inflection Point' For Oil Market
Wednesday, July 6, 2016 - 2:17pm | 320Read More...Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...
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Choose Oil Value Over Momentum? ConocoPhillips, Repsol Hit With Downgrades At Jefferies
Thursday, April 21, 2016 - 10:05am | 332Read More...Brent oil prices averaged $33.9/bbl during 1Q16. The prices plunged to a low of $29/bbl in January, but peaked at around $42/bbl in late March. Jefferies’ Jason Gammel said that the reporting season in 1Q16 is likely to be worse than what it was in 4Q15. Analyst Jason Gammel downgraded...
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Jefferies Downgrades Occidental, Upgrades Total And Eni As Integrated Oil Picture Gets Tougher
Tuesday, January 12, 2016 - 11:20am | 708Read More...Shares of Total SA (ADR) (NYSE: TOT), Eni SpA (ADR) (NYSE: E) and Occidental Petroleum Corporation (NYSE: OXY) have been under significant pressure over the last 5 trading days. Jefferies’ Jason Gammel upgraded the ratings for Total and Eni, while downgrading Occidental. Balance...
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What Royal Dutch Shell Needs To Do After The BG Merger To Reward Shareholders
Wednesday, April 8, 2015 - 10:47am | 383Read More...Jefferies commented Wednesday on the buyout offer for BG Group plc (LON: BG) from Royal Dutch Shell Plc (ADR) (NYSE: RDS-A) Analysts Jason Gammel and Marc Kofler felt that the deal made strategic sense, however, cost savings would need to be achieved for the deal to make financial sense....
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Jefferies Sees Chevron Navigating Rough Waters
Monday, February 2, 2015 - 10:15am | 124Read More...In a report published Monday, Jefferies analyst Jason Gammel reiterated a Buy rating and $125.00 price target on Chevron Corporation (NYSE: CVX). In the report, Jefferies noted, “Chevron has taken significant steps to preserve cash in the oil price downturn. It has suspended its share repurchase...
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UPDATE: Jefferies Reiterates On Occidental Petroleum On CRC Independence
Monday, December 1, 2014 - 10:44am | 98Read More...In a report published Monday, Jefferies analyst Jason Gammel reiterated a Buy rating on Occidental Petroleum Corporation (NYSE: OXY), but lowered the price target from $112.00 to $104.00. In the report, Jefferies noted, “Oxy's spin-out of 80.1% of the equity in California Resources Corporation (CRC...
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Macquarie Capital Is Bullish On COP, XOM, CVX
Wednesday, June 2, 2010 - 1:37pm | 168Read More...Jason Gammel of Macquarie Capital spoke in an interview on CNBC about his favorite picks in the energy sector. He has an outperform rating on ConocoPhillips (NYSE: COP), Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX), and he sees a great value in these stocks. Mr. Gammel...
