OPEC Oil price deal and impact on certain stocks

Published: December 22, 2016

OPEC reached a deal to cut oil production by 1% of global output and oil prices rallied. Here are some snippets that capture stock sentiment

OPEC Oil deal

ConocoPhillips Can Drop To $40 (And Even Lower) If This Happens

ConocoPhillips, due to its strong correlation with crude oil, needs higher oil prices for stock price appreciation. Therefore, if the $52 resistance on crude oil is taken care of, then COP investors can easily expect $52-$56 in the near-term

by Nikhil Gupta on Nov.28.16

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European Stocks Close Lower as Bond Selloff Spooks Markets

European bond markets sold off heavily in the wake of record-setting oil price rises as investors count the cost of faster inflation and higher interest rates

Martin Baccardax Dec 1, 2016 12:08 PM EST

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Oil and Gas Stock Roundup: OPEC Swoops In and Saves the Day (ATW, HOS, DNR, WLL, OAS)

One of the enhanced oil recovery specialist's biggest challenges is that its most profitable oil hedges expired at the end of the second quarter, leaving the company even more exposed to lower oil prices, evidenced by a $10-per-barrel decline in its average realized oil price last quarter

Matthew DiLallo Dec 3, 2016 at 10:30AM

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Marathon Oil Has A Money Pit

If the MRO strategy is to grow the North America segment through acquisitions, then it will become an increasingly expensive strategy if oil prices rebound

Nov.13.16 | Alpha Shark

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Eni to BP CEOs Limit Spending for 2017 to Cope With Crude Glut

From Eni SpA to BP Plc, the biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global glut.

by Manus Cranny , Anthony Dipaola , Sam Wilkin , and Mahmoud Habboush November 7, 2016 — 1:56 AM EST

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