it's exxon, chevron, conoco objection dental oil. and avoid production companies or independent refiners but that would be the way to avoid. and avoid the drillers absolutely because that's an area that the majors are cutting back on. they're reducing capital expenditure. >> john thank you so much. john stevenson with stevenson and company, capital management. ty? >>> saw shares fall hard today. whiting petroleum announced major equity offering selling debt raising concerns about the oil and gas to find a buyer for the company. whiting buys with oths that have shares up to the balance sheets. whiting petroleum is the largest producer in the bach and shale region and shares fell almost 19% today. >>> and now to a blue chip company, american express, which is looking a little black and blue these days. the payments giant lost some key business recently prompting some to ask if the company has lost its way. and that is the question ceo kenshin nolt will likely have to answer. mary thompson looks at what's ailing american express. >> rep

. >> in the short-term, conoco phillips. we have not seen a lot of these names pop up in our systems. we had a lot of the airlines trade. now today suddenly out of nowhere we see some conoco phillips buying out there. maybe these integrated names short-term have a chance -- >> meaning what? >> i'm talking like weeks at the most. not months, weeks. >> all right. lululemon taking a hit after an analyst cut his price on the yoga wear stock. we'll debate it. and pit boss sees a lot of weird things during the trading day. he'll tell us the most unusual activity he spotted in today's trading. and a documentary bully. catching the eyes on wall street. we've got debate between the film maker and executive on yelp coming up on "fast." >> they would say things like they would help us manage our reviews. >> they call a couple of times and we told them no. probably six, seven hours later, three or four of my good reviews were gone and two other one-star review appear. ♪ hope young children are shielding their eyes. ♪ >>> i hope young ch

same thing with conoco. they're going to 40 cents if wall street is right. and the did i have dend is not covered. and hess, actually going to lose money, and the dividend is $1. and the price action, as we know, has been poor here's crude oil versus bp. there was a bump up in crude. you get a little bit of a bump up in bp. crude is back down. crude almost touched the low today. the bet is bp will take out its prior low. so here's a chart, and then i'll show you one more and tell you where i think we're headed. you have a 35% decline from peak to trough. and then we rallied almost 20%. and then again we're revisiting this low. this is not a good setup when you do that and this. the presumption is we're going to take out that low. take a look at the long-term pattern. you can name patterns anything you like. it looks like a body. or a cup and handle. it looks like it's out of the kitchen cabinet. thest a major reversal formation. neckline. and then a massive break. that's the potential here. we would do something, get out. >> so the charts look terrible. mike

conoco phillips has developed cd5 in the area around alpine. i have been there myself. the secretary for land and minerals has been out there. tommy has been out there and a number of others. that has been hooked up to the pipeline network. the national petroleum reserve alaska, the record decision that we just reached on development with conoco phillips of that, will tie into the alpine facility. and it will be able to go straight into tap during it is our expectation that the national petroleum reserve, as it is developed, will keep petroleum flowing. we did all of the work to look at the national petroleum reserve, and what of the areas that are really critical for habitat not develop, critical habitat for caribou, birds, and other species -- we thought about if there is exploration and ultimately production in the sea, is there a way to move that overland through the national petroleum reserve to the trans-alaska pipeline. if you look at the areas that we set aside for conservation and the areas we set aside for development, you will see it facilitates the ability t

but supporters like conoco phillips chairman ryan lance believe it could be a bright spot for the economy. >> 44, 800 a year. >> reporter: store space filling up quickly. current estimates suggest we're roughly 60% to 80% full. that number rise to 100% could be the catalyst that crushes oil. >> we could get a spike downward once we get closer to 100% full because everyone will be forced to glut the market with oil. the cash market. that will send the prices down. >> reporter: then there's the impact of the strengthening dollar. it takes traders using other currencies out of play pressuring prices. the dollar continues the monumental rise. that's bad news for oil prices. it means they could slide further. for "nightly business report," i'm jackie deangelis. >>> some investors may steer clear of buying stocks in the sector but as morgan brennan explains there are investment opportunities to be found if you know where to look. >> reporter: as crude oil stocks renew their slide, they renew. worst performing in the s&p 500 today. as oil continues to fall and oversupplies deals in the sector th

conoco phillips developed the cd-5 and the area around alpine. i have been out there personally myself. janet schneider for land and minerals has been out there. tommy's out there and a number of others. that's already hooked up to the pipeline. the network, the greatest unit which is the record of decision that we just reached on development with conoco phillips of that will tie in to the alpine facility and will be able to go straight into tap so it's our expectation that as a national petroleum reserve is developed that that will help keep oil flowing through taps. the other thing i would say as we did all of the work to look at the national petroleum reserve and what are the areas that are critical habitat to not develop which is really critical habitat for caribou, birds and other species, we thought about if there is exploration and ultimately production in the chukchu sea is there a way to move out the the reserve to the transalaska pipeline and if you look at the areas that we set aside for conservation and the areas we set aside for deve

conoco phillips has developed the area around alpine. i have been there myself.he secretary for land and minerals has been out there. tommy has been out there and a number of others. that has been hooked up to the pipeline network. the national petroleum reserve alaska, the record of decision that we just reached on development with conoco phillips of that, will tie into the alpine facility. and it will be able to go straight into tap so it is our expectation that the national petroleum reserve, as it is developed, will keep petroleum flowing. we did all of the work to look at the national petroleum reserve, and what of the areas that are really critical for habitat not develop, critical habitat for caribou, birds, and other species -- we thought about if there is exploration and ultimately production in the sea, is there a way to move that across overland through the national petroleum reserve to the trans-alaska pipeline. if you look at the areas that we set aside for conservation and the areas we set aside for development, you will see it facilitates the abili

chevron and conoco were introduced for a neutral with them.und interesting was that nobody can agree on whether supply is going up or down. they think it could be going down into the $40 level, the bottom end of the level again, but the opec secretary-general was out over the weekend quoting "the wall street journal," noting that the pullback in shale production could create a shortage that will push prices up even more. he went on to say if we don't get more supplies soon there will be a shortage and the price will rise again. so not everybody necessarily on the same page on the status of what the supply issue is. the u.s. sales down 4%. i saw numbers generally down around 1%. but i think everybody still feels they've got to give steve some time. i already saw some notes out from activist boards saying there should be new membership and leadership on the board. i think it's a little bit early for that overall. he came in at the end of january. that stock went from 89 to about 97. i think it was january 28th. they still do have a 3.5% yield he

conoco phillips trades slipping after the company announced a three-year plan to cut capital spendingder the new plan the company expects spending on major products to decline while spending on certain drilling projects to increase does expect lower and more volatile oil prices in the foreseeable future. back over to you. >> all right. speaking of oil prices, thanks, dom, we are looking at wti crude oil back above $43 a barrel barely. bertha coombs is at the nymex with more. >> good morning. the thing that traders are talking about, we have seen rig counts come down you have seen companies like conoco and others saying they are not going to expand on their capital expenditures, but production is still high. so really, to find stability in prices in oil we need to see production start coming down particularly here in the u.s. this afternoon we're going to be getting the inventory numbers from the american petroleum institute and the government inventory numbers tomorrow so that is now the focus. seasonally this is when we start to see a bit of a turn. traders are expecting tomorrow we'

. >> you say income is still an issue, and energy names like conoco and chevron have dividends.u want to be in energy? we talked to david ruben stein from carlisle and he says he is bullish on energy more than any other sector right now. >> when you have a fairly valued market, have you to look for really big growth or look to be a contrarian, and i think energy is probably the most contrarian call out there right now. when you look at valuations across the board, a lot of the big majors look cheap right now. you still have a ten year that's dealing only 2%. when you can get twice that from conco or chevron. that's a good place to put your money. >> does it seem like a contrarian play? to me it seems like everybody is trying to bottom fish. they're looking for this rally to come and it seems like the crowded position. >> we don't believe it's a crowded position. we actually agree with adam. we would expect oil prices to be a whole lot higher and we think you can buy good quality companies with the high yields like the conoco and chevron or royal dutch at attractive prices, and i

they are cutting back on cap x, chevron 12%, for example, and conoco by 30%.ng activity. dividend, sure buy back absolutely not sack zingts but that's a variable and, you know, unfortunately, the way it works, oil price is high, stocks are high companies do more share of buy backs. there is a school of thought out there that perhaps buying back is not a good idea because you buy more shares when they are expensive. >> thank you leaving it there. thank you for the time. >> thanks. >> tyler? >> melissa, a tale of two emerging markets. on the one hand, china, growth of 7 % expected but then there's india, growth at 8% for the year outpacing china. with us managing director portfolio manager of advisory and research and david, president of the riedel research group. david, india has the better growth story, but the market's been very very hot there compared with china, but very very hot by in the standard. is it too hot to be safe? >> not at all. actually it underperformed china during 2014, china up 14 % in shanghai and bombay at 37%. it's not as hot recently but

schlumberger, conoco, very modest designs., some of the exploration of production stocks are down two or 3%. but some of the big names in that space also are positive. i was saying today, this morning when i got up and saw the oil new lows, i said eog is going to start testing those old new lows we saw in the beginning of january. and that hasn't happened either. eog is really the big kahuna in that space. a lot of contrary moves here happening that you wouldn't necessarily think. finally, something that is not a big surprise. when you have on the front page of "the wall street journal," talking about a glut of steel in china, that they're exporting all the steel they are making that they don't need in the united states, that's not helpful. even today, a day you would think with a little bit of weakness in the dollar, at least you would see a little bit of a rebound. we are just off the highs for the day. >> bob on the floor, thanks as always to you. we want to talk a little bit more about what's going on in the tech industry,

petroleum reserve, the unit which was the record of decision that we just reached in development with conoco phillips will pry into the outlying facilities. the expectation that the national petroleum reserve was developed, that will keep oil flowing through but the other thing i would say, we did all the work to look at the national petroleum reserve critical habitat to not develop, really critical habitat for para. birds and other species. we thought about if there is exploration and ultimately production, is there a way to move that through the national petroleum reserve to the pipeline and if you look get the areas we set aside for conservation and development you will see that it facilitates the ability for the pipeline corridor. the state of alaska, it is important to us. we will facilitate making public lands available. a whole bunch of factors with economics and supported with doing it in the right ways in the right places. >> one of the reasons we get folks like secretary sally jewell to join us is we try to adhere to their time constraints. they have an active day out side of csis

big oil names like chevron exxon, and conoco phillips.ess fundamentals could improve this year because of three main reasons -- higher oil prices, increase production and global refining margins. of the three, only exxon would generate positive free cash flow's after paying a dividend in 2016. mcdonald's i know you will be speaking with betty about it later on, but it is rebounding from weakness, up despite a night straight month of comparable sales. the u.s. and asia were the weakest with declines of at least 4%. alix: thank you so much. love talking big oil. time for the roundup, stories we are tracking ahead of the closing bell. i am here with lisa abramowicz, lisa -- and with matt miller. the smart watch, who is doing it? lisa: -- i am all in. we need to talk more about it. when one of the biggest companies in the world makes a huge new product, we need to talk about it. none of us are saying we are going to buy it. how long does it take for the adoption to take over? >> this is the most brilliant marketing campaign ever. everyone is

conoco-phillips chevron exxon under pressure two are dow components.ok at charter new high there. cable television saying it will buy bright house networks cash and stock deal valued at 10.4 billion dollars. and charter is up 6.8% and godaddy, you know the commercials, has a strong brand big names, on the internet shares trade under gddy. waiting for the ipo planning to be a big one at the new york stock exchange. so watch for that. . stuart: you patent a product the patent expires, are you still entitled to royaltys? that's what the supreme court is considering, it involves a spiderman toy. rich edson is there at the court and he's going to explain it to me. go. >> reporter: stuart, three years ago you and i discussed the consequences of a health care ruling, now i'm out here with the spiderman toy invented in 1990, patent ran out and the supreme court case from 1964 says the guy who invented this doesn't get royalties so he's suing to overturn that entire thing. basically the justices appear. they want congress to get involved and don't want to overt

cono conoco's ceo made the case. expand all supplies driving gasoline prices down, and the savings are at least 7 to 12 cents per gallon. with exports, u.s. refiners still have all the light all they need. they will still have an advantage over our competitors elsewhere due to shipping costs. >> the critics say nonetheless if the united states ended its ban on oil exports, part of the unintended consequence would be higher prices here in the united states, and also it could shift vis-a-vis, saudi arabia a poke in the eye to them something the united states might not want to do in the short term, guys a big debate on capitol hill. no chance politically this is going to change any time soon, but the fact they are discussing it tells you where we are in terms of the oil glut. >> all right, thank you very much. powerful debate. hearing from spokes in spokane, it's 11 not noon i screwed that up. thank you very much. >> you bet. >> check out the names in oil, oil-related stocks in the s&p 500, of them all these three fell

development near an area that they proposed for protection and criticized on the other hand for requiring conoco phillips to require measurements because of those sensitive areas. yes, you have a tough day job. protection of these ecological treasures such as the anwr is of national importance. i thank you and the administration for making these decisions. as a whole the president's number represents a 6% increase and proposes significant funding increases for many of the important concentration programs including the land and water conservation fund and national parks centennial initiative, both very important. i know there's many people on this committee that believe that protecting these public lands and increasing recreational opportunities are greatly important. america's public lands generate over $40 billion of recreation and use every year so whether you're visiting a national park or hunting or fishing the opportunity on these lands are important and can enjoy the protection of the national special places while still maintaining a high level of energy production on federal lands. the pr

she held onto shares of conoco fill linsphillips and phillips 66 shares. reported total assets estimated between $4.9 million to $13.3 million according to her financial disclosure statement. >>> edward snowden apparently wants to come home. his russian lawyer speaking at a news conference has written a book about the formern as contractor and says snowden wants to come back to the u.s. that's the cnbc update this hour. "closing bell" returns after a quick break. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling sw