Thursday, July 7, 2011

"Barclays: Expect Surprises Among Refiners This Quarter" (MRO; TSO; VLO)

From MarketBeat:
With earnings season arriving next week, analysts are starting to pinpoint where the surprises (read: opportunitieis) might arise.

Dow Jones Newswires offers some highlights from the energy sector, one of the hottest groups in the second quarter.

“Barclays Capital bets that Marathon Petroleum and Tesoro will beat 2Q consensus earnings expectations. Marathon Petroleum earnings should reach $2.54 a share, 40% higher than the Wall Street consensus of $1.81, as the Midwest-focused refiner takes advantage of wide spreads between prices for different types of crude oil....MORE