Energy Business

fracking

Oil and Gas Capex Needs to Fall Another 30% in 2016: IHS

By now, investors know that the low prices for crude oil and natural gas, while they may be welcomed by consumers, are putting enormous pressure on the exploration and production ...
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Oil pumps

Merrill Lynch Says No Value in Energy: Only 2 Dividends Safe Now

You knew it was coming, and last week brought the very unpleasant truth. ConocoPhillips (NYSE: COP) announced a wider-than-expected quarterly loss and revealed plans to slash its dividend to $0.25 ...
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natural gas pipeline

Plains All American Earnings, Revenue Shortfalls Don’t Affect Distribution

Plains All American Pipeline L.P. (NYSE: PAA) and Plains G.P. Holdings L.P. (NYSE: PAGP) reported fourth-quarter and full-year 2015 results after markets closed on Monday. For the quarter, the midstream ...
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Chesapeake Denies Plans to File for Bankruptcy

Shares of Chesapeake Energy Corp. (NYSE: CHK) were halted in the late morning Monday after the stock had plummeted by about 50% with news pending. Early reports citing people familiar ...
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ousted

Energy Transfer Equity Changes CFOs, Stock Plummets

With crude oil prices diving below $30 a barrel again Monday morning, announcing a change in top management at an already-weakened master limited partnership (MLP) is having a huge negative ...
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Oil platform on sea

Diamond Offshore Scratches Dividend After Huge Impairment Charge

Diamond Offshore Drilling Inc. (NYSE: DO) reported fourth-quarter and full-year 2015 results before markets opened on Monday. The offshore drill rig operator posted a quarterly diluted net loss per share ...
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oil train

Why Analysts Are Changing Tune on Exxon, Chevron and ConocoPhillips

The three largest U.S. oil and gas companies have now reported fourth-quarter earnings, and the results were about what most observers expected with one mildly positive surprise. Every one reported ...
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Analysts Keep Taming National Oilwell Varco Targets

Will there ever be an end to the misery of the oilfield services companies? National Oilwell Varco Inc. (NYSE: NOV) reported fourth-quarter results on Wednesday morning and the stock dropped ...
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oil rig

Will International Rig Counts Fall Toward 1,000?

Everyone is wondering just how low the price of oil can go. The reality is that we now have an oversupply issue, rather than demand erosion from past boom-bust cycles ...
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Pump Jacks Against at Dusk

Secondary Offering Sinks Hess Shares

Very early Friday morning, independent oil and gas producer Hess Corp. (NYSE: HES) announced that it had priced an underwritten offering of 25 million shares of common stock at $39 ...
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fracking

Deutsche Bank Raises Price Targets on 4 Exploration and Production Stocks

Smart investors who are not attending their first rodeo have seen this all before. The classic boom, then bust, then ultimately despair in the energy sector is not a new ...
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oil rig

ConocoPhillips Slashes Dividend, Chops Capex

ConocoPhillips (NYSE: COP) reported fourth-quarter and full-year 2015 results before markets opened Thursday. For the quarter, the oil and gas production company posted an adjusted diluted net loss per share ...
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China Ming Yang Power Group Prepares to Go Private

China Ming Yang Wind Power Group Ltd. (NYSE: MY) made waves early in Wednesday’s trading session on a merger agreement that will take the company private. The board of directors ...
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Pump Jacks Against at Dusk

Exploration and Production Sector Takes Big Rating Downgrade From Standard & Poor’s

The credit ratings agency Standard & Poor's has just downgraded many of its official corporate credit ratings in the oil and energy patch. It took ratings actions on 20 different ...
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Coal

Coal Stock Jumps 21%

After Westmoreland Coal Co. (NASDAQ: WLB) announced late Monday that it has completed its acquisition of a New Mexico coal mine for $127 million, shares popped by 21% Tuesday morning ...
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