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Posts related to ‘Oil & Gas’

Major Reactions As Crude Marches Down Through $100/Barrel (USO, OIH, AMJ, XOM, CVX, SLB, BHI, RIG, NOV, VLO, CHK)

Posted: May 4, 2012 at 12:24 pm

It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated ...
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Utilities Earnings Hit by Weather (DUK, SE, AES, AEE, LNT)

Posted: May 4, 2012 at 8:36 am

US demand for natural gas dropped this winter leading to near-record levels of storage and historically low prices. For natural gas utilities, this was not such good news. For power ...
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Gas Prices Stable

Posted: May 4, 2012 at 6:27 am

Gasoline prices have stopped falling, at least for a day. The AAA Fuel Gauge report showed the cost for a gallon of regular based on the national average was $3.802. ...
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Chesapeake Faces SEC Inquiry, As Does Chairman & CEO (CHK)

Posted: May 3, 2012 at 4:12 pm

Chesapeake Energy Corporation (NYSE: CHK) has confirmed what many investors probably should have been expecting in relation to the recent CEO double-dip dealing of Aubrey McClendon.  Chesapeake issued a notice ...
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Natural Gas Inventories Rise Slightly, Prices Higher

Posted: May 3, 2012 at 10:47 am

The US Energy Information Administration today reported the US natural gas stocks rose by a total of 28 billion cubic feet, slightly below the 31 billion cubic feet increase that ...
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$100/barrel Crude Good for OPEC, Not So Good for Supermajors (XOM, CVX, COP, TOT, BP, BX)

Posted: May 3, 2012 at 8:01 am

At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range ...
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US Petroleum Inventories Rise, Imports Rise Modestly

Posted: May 2, 2012 at 12:08 pm

The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 2.8 million barrels last week, bringing the total US commercial ...
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Chesapeake Shares Diving on Results, McClendon (CHK, XOM, EOG)

Posted: May 2, 2012 at 8:04 am

Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) reported first quarter results after the markets closed yesterday. The company missed the headline numbers, but that’s not the company’s biggest problem. ...
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McClendon Out as Chairman at Chesapeake (CHK)

Posted: May 1, 2012 at 11:59 am

Aubrey McClendon, chairman and CEO of Chesapeake Energy Corp. (NYSE: CHK), will relinquish his chairman’s role as soon as the company’s boards appoints a new non-executive chairman. The announcement said ...
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Does Delta Make Sense as an Oil Refiner?

Posted: May 1, 2012 at 8:04 am

A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC ...
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BP Profits Off

Posted: May 1, 2012 at 6:24 am

BP's (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 ...
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ETP Acquires Sunoco for $5.3 Billion (ETP, SUN, ETE, SXL)

Posted: April 30, 2012 at 8:56 am

Energy Transfer Partners L.P. (NYSE: ETP) announced this morning that it will acquire Sunoco Inc. (NYSE: SUN) in a cash and common unit deal worth $5.3 billion. The transaction gives ...
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Gas Prices Continue Decline

Posted: April 30, 2012 at 6:17 am

Gas prices continued to slip, but that may not last long. Oil has reversed its sell-off. According to AAA Fuel Gauge, a gallon of regular based on the average price ...
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Chevron Follows Conoco, Exxon on Production Declines (CVX, COP, XOM)

Posted: April 27, 2012 at 10:02 am

Chevron Corp. (NYSE: CVX) is the last of the big three US integrated oil companies to report first quarter earnings, and the first to show a profit gain compared with ...
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S&P Downgrades Chesapeake Credit Ratings Over CEO Issues (CHK, CHKM)

Posted: April 26, 2012 at 2:52 pm

Chesapeake Energy Corporation (NYSE: CHK) is getting put under even more fire dure to its CEO double-dipping by Aubrey McClendon.  Standard & Poor's has just downgraded the corporate credit ratings ...
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