Energy Business

Coal stack on white

Leveraged Loan Default Rate Soars on Coal Miner Bankruptcies

Since the beginning of March, 77% of leveraged loan default volume has come from metals/mining and energy companies. While the institutional rate for the trailing 12 months was 1.4% at ...
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Drilling rig

Analyst Says Do Not Wait for Oil Bottom, Buy Quality Large-Caps Now

If there was ever a tug-of-war in the markets, it is in the energy sector. Some see the “lower for longer” as the new paradigm, while others feel that the ...
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oil-jack-pumps

Can Breitburn Really Maintain Its Massive Distribution?

Breitburn Energy Partners LP (NASDAQ: BBEP) has absolutely underperformed the market with shares down over 60% year to date. However despite this drop the company is continuing to target an ...
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coal train

Short-Covering, Possible Debt Swap Send Peabody Stock Soaring

The number of shares of Peabody Energy Corp. (NYSE: BTU) sold short is more than double what it was a year ago. The number of shares short hit a 12-month ...
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Key Analyst Sees Huge Upside in Schlumberger After Acquisition

Schlumberger Ltd. (NYSE: SLB) announced on Wednesday that it will be acquiring Cameron International Corp. (NYSE: CAM) in a cash and stock deal. The agreement was unanimously approved by both ...
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Seadrill Rises on Solid Earnings Beat

Seadrill Ltd. (NYSE: SDRL) reported its second-quarter financial results before the markets opened on Thursday. The company had $0.77 in earnings per share (EPS) on revenue of $1.15 billion, compared ...
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Kinder Morgan pipeline

4 Natural Gas Exploration and Production Stocks With Massive Upside Potential

One thing is for sure, if you are looking for stocks to buy among the wreckage, look no further than energy. A new research report from Cowen maintains that energy ...
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Oil drilling rig

Schlumberger to Acquire Cameron International

Schlumberger Ltd. (NYSE: SLB) and Cameron International Corp. (NYSE: CAM) made waves in the market on Wednesday after coming to terms with a merger agreement. The companies announced a definitive ...
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Alternative Energy sources

Short Sellers Bet on More Lows in Solar, Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on August 14. In solar, four of the five companies we watch ...
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Short Sellers Become More Selective on Major Oil Stocks

The short interest data have been released for the August 14 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Analyst Says Energy MLPs Best Buy Since 2008

Compared to other income type equities, like utilities and real estate investment trusts (REITs), the master limited partnerships (MLPs) have been absolutely demolished. In fact, the Alerian index that tracks ...
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Gas pipeline

Southern Company Acquires AGL Resources Creating Country’s Second Largest Utility

Southern Co. (NYSE: SO) announced Monday that it is acquiring AGL Resources Inc. (NYSE: GAS) in a deal worth $8 billion in equity value and approximately $12 billion including debt. ...
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Despite Market Tank, Why Merrill Lynch Made Major Oil Upgrade

The markets were absolutely crumbling in Monday’s trading session, with the Dow down near 1,000 points and the S&P down around 90 points. At the same time, crude oil prices ...
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Drilling rig

Why Natural Gas Is So Cheap — and Why Drillers Keep Producing More

In mid-August of 2008, the national average next-day price for natural gas was $7.52 per million BTUs. A year later the price had fallen to $3.12 per million BTUs, and ...
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coal

Arch Coal: A New Momentum Stock?

In the past two-and-a-half trading sessions, shares of Arch Coal Inc. (NYSE: ACI) have risen nearly 90%, not including the effect of a one-for-10 reverse stock split that occurred after ...
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