Energy Business

Petrobras Posts Profit, Cuts Debt in 2016

Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, reported fiscal year 2016 earnings after markets closed on Tuesday afternoon. The Brazilian oil major posted a net profit of 2.5 ...
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If OPEC Extends Cuts Past June, Top Permian Stocks Could Run Hard

Late last year when the OPEC and non-OPEC nations got together on the first production cut in years, many people were left snickering as cuts have been tried in the ...
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Why Investors Are Running Away From Canadian Solar After Earnings

Canadian Solar Inc. (NASDAQ: CSIQ) reported fourth-quarter and full-year 2016 results before markets opened Tuesday morning. For the quarter, the solar panel maker posted adjusted earnings per share (EPS) of ...
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Top Strategist Moves Energy to Overweight: 5 Top Dividend Stocks to Buy Now

While the overall market continued to chug ahead during the first quarter of 2017 in a continuation of the Trump rally, energy stocks have suffered as the price of crude ...
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Exxon Mobil Is DJIA’s Worst Performing Stock in 2017

Shares of Exxon Mobil Corp. (NYSE: XOM) added about 0.5% last week, to close down about 9.5% for the year to date and keep its position as the worst performing ...
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Why Vivint Solar Earnings Are Shining Bright

When Vivint Solar Inc. (NYSE: VSLR) reported its fourth-quarter financial results after the markets closed on Thursday, the company posted a net loss of $0.41 per share (EPS) and $41.8 ...
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Solaris Oilfield Files for IPO

Solaris Oilfield Infrastructure has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, ...
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Deutsche Bank Says Top Oilfield Services Stocks Set to Outperform

What a change the past three months have brought. The euphoria from the OPEC production cuts and implementation have long since worn off, and with oil dropping below the $50 ...
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ProPetro Closes in on IPO

ProPetro Holding has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 20 million shares ...
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What Canaccord Genuity Likes About Marathon Oil’s Recent Transactions

When Marathon Oil Corp. (NYSE: MRO) announced last Thursday that it had sold all its interests in Canada's Athabasca Oil Sands Project for $2.5 billion in cash, the stock added ...
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Credit Suisse Shows Why Occidental’s Permian Assets Will Help Fend Off Lower Oil Prices

While oil has fallen handily in the past week, an interesting analyst call on Occidental Petroleum Corp. (NYSE: OXY) signals that the oil giant might be a safe way to ...
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SunTrust Has 4 Energy Stocks to Buy After Huge Oil Sell-Off

Just when things looked they were really going the way the oil bulls wanted, the market took a U-turn and has been in a free fall. Since hitting a 52-week ...
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Exxon Mobil Down Nearly 10% in 2017 Is DJIA’s Worst Performing Stock

Shares of Exxon Mobil Corp. (NYSE: XOM) dropped about 1% last week, closing down about 9.6% for the year to date to become the worst performing of the 30 stocks ...
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Short Interest Turns Higher on Solar, Alternative Energy Stocks

Short interest moves among solar and alternative energy stocks trended higher during the two-week reporting period that ended on February 28. Of the companies we watch, short interest rose on ...
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With Oil at $50 a Barrel, Is the Keystone XL Pipeline Even Necessary?

On Thursday morning, Royal Dutch Shell PLC (NYSE: RDS-A) announced the sale of all its in-situ and undeveloped oil sands interests in Canada for $7.25 billion. Less than a month ago, ...
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