Marathon Oil signage on the floor of the New York Stock Exchange on December 29, 2023. (Photo: ... [+] Michael Nagle)© 2023 Bloomberg Finance LPThe energy sector is taking in the news of yet another potential oil and gas merger and acquisition (M&A) play, as reports suggest ConocoPhillips ConocoPhillips may be lining up all-stock bid for Marathon Oil Marathon Oil . But quite like many other traditional energy deals before it, this too appears to be about consolidation and not growth.According to the Financi ...

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.ConocoPhillips on Wednesday agreed to purchase Marathon Oil in an all-stock transaction worth $17.1 billion that would strengthen the company's shale assets."This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position," said ConocoPhillips CEO Ryan ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Key PointsDespite the SPY being just 0.6% away from its all-time high, the market remains in uncertain territory, presenting a unique opportunity in oversold, high dividend-yielding stocks.Investors are beginning to turn their attention to value propositions, particularly oversold stocks offering high dividends.Three oversold stocks, with attractive dividends, valuations, and in favor with analysts, are TGT, LOW, and COP.5 stocks we like better than Lowe's CompaniesAmidst current global tensions and notable ...

Investing in the top energy stocks to buy in today’s market points to a complicated landscape. Oil prices have been incredibly volatile in the past year, peaking above $90 a barrel and dipping to the $60s, weighing down bottom lines of the top oil companies. However, despite the fluctuations in price, the top oil stocks continue to flex their muscles and offer stellar upside at current prices.Meanwhile, the renewable energy sector is staging its own promising sideshow. Achieving net-zero emissions is a tall ...

Colin Anderson Productions pty ltd/DigitalVision via Getty Images ConocoPhillips (NYSE:COP) is the largest independent oil and gas producer in North America. Unlike its major integrated peers, the company has no downstream processing capacity which exposes it to the whims of energy markets to a great degree. During periods of commodity price strength COP is expected to do particularly well and underperform when the markets turn, just like we have seen over the past month. This business is risky you migh ...

Loading...Loading...The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major ov ...

With the first-quarter 2024 results of all major oil energy companies out, investors gained valuable insights into their projections for the upcoming quarters and the entirety of the year. The guidance of energy giants such as EOG Resources, Inc. (EOG) , ConocoPhillips (COP) , and Diamondback Energy Inc. (FANG) indicate that they are intensifying efforts to leverage the strength of crude prices.High Oil Price to Drive ProductionThe price of West Texas Intermediate (WTI) crude is trading at close to the $80 ...

HOUSTON, TEXAS - MARCH 19: S&P Global Vice Chairman, Daniel Yergin, left, discusses current issues ... [+] facing the energy industry with ConocoPhillips Chairman and Chief Executive Officer Ryan Lance during a panel discussion at CERAWeek by S&P Global Tuesday, March 19, 2024 in Houston. (Kirk Sides/Houston Chronicle via Getty Images)Houston Chronicle via Getty ImagesAfter a 4% increase since the beginning of this year, at the current price of around $121 per share, we believe ConocoPhillips (NYSE: COP), a ...

Warren Buffett might be the greatest investor of all time, but he’s not immune from making mistakes. This was on full display at the recent Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) annual meeting, where Buffett disclosed that he had sold the company’s entire stake in Paramount Global (NASDAQ:PARA) at a substantial loss.Although the exact loss wasn’t disclosed, Buffett said: “I was 100% responsible for the Paramount decision. It was 100% my decision, and we’ve sold it all and we lost quite a bit of money. ...