Valero Energy, Marathon Oil, HollyFrontier, Western Refining, and PBF Energy Early Briefing and Review
* Reuters is not responsible for the content in this press release.
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130313:nPn3136925 LONDON, March 13, 2013 /PRNewswire/ -- Recently, the Organization of Petroleum Exporting Countries (OPEC) gave a bullish outlook for global oil demand in 2013. Demand for oil is expected to improve as the global economy continues to recover. Meanwhile, gas prices have also recovered from record low levels of last year. This should benefit oil and gas refining & marketing companies such as Valero Energy Corporation (NYSE: VLO), Marathon Oil Corporation (NYSE: MRO), HollyFrontier Corp. (NYSE: HFC), Western Refining Inc. (NYSE: WNR), and PBF Energy Inc. (NYSE: PBF). On Tuesday, shares of all five companies ended higher even as the broad market finished on a mixed note. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at http://www.stockcall.com/report Shares of Valero Energy Corporation rallied in Tuesday's trading session. The stock closed 4.19% higher at $45.55 on above average volume of 14.82 million. Despite the rally yesterday, Valero Energy's shares have fallen more than 2% in the last three sessions. The company's shares have had an excellent run in 2013, outperforming the broad market. Year-to-date, the stock has now gained more than 33%. Its shares are currently facing resistance at around $48. Recent volume activity suggests that market sentiment may have turned bearish on the stock. Sign up for the free report on VLO at http://www.StockCall.com/VLO031313.pdf Shares of Marathon Oil Corp. also rose sharply on Tuesday. The stock ended the day 1.04% higher at $34.07 on volume of 3.69 million. The company's shares have gained more than 11% this year, compared to a gain of more than 8.80% for the S&P 500. The stock is currently hovering around its 52-week high of $35.86. The refiner's shares have seen a series of highs in the last few trading sessions. This is a bullish signal. The positive trend is further confirmed by the MACD chart. MRO free technical report can be accessed by signing up at http://www.StockCall.com/MRO031313.pdf Shares of HollyFrontier Corp. rose in yesterday's trading session; however, the gains were limited. The stock closed 0.70% higher at $54.94 on above average volume of 4.41 million. Despite the gains on Tuesday, HollyFrontier's shares have fallen more than 4% in the last three sessions. However, year-to-date the stock has outperformed the S&P 500, gaining more than 18%. The company's shares currently trade on a P/E multiple of 6.56. The stock is currently facing resistance at around $56. Free report on HFC can be accessed by registering at http://www.StockCall.com/HFC031313.pdf Shares of Western Refining Inc. posted modest gains in Tuesday's trading session. The stock closed 0.30% higher at $37.29 on volume of 1.37 million yesterday. Western Refining's shares have seen a pullback after failing to break through $39 resistance level. The stock's MACD has just crossed below the signal line, which is a bearish signal. Register with StockCall and download the research on WNR for free at http://www.StockCall.com/WNR031313.pdf Shares of PBF Energy Inc. rose sharply on Tuesday, closing 3.09% higher at $39.06 on above average volume of 1.49 million. Year-to-date, the stock has gained more than 34%, easily outperforming the broad market. The stock is currently trading well above its 50-day moving average. Read the full free research on PBF by signing up to StockCall at http://www.StockCall.com/PBF031313.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact Person:William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
- U.S. war veteran released by North Korea returns home |
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- U.S. ice storm causes blackouts, delays in Texas, Arkansas
- WTO overcomes last minute hitch to reach its first global trade deal
- China's parliament: Japan has "no right to criticize" air defense zone