Energy Business


What Weighed on Whiting Petroleum Stock Friday?

Shares of Whiting Petroleum Corp. (NYSE: WLL) fell more than 15% in early trading Friday to $4.15, after closing at $4.91 on Thursday. Volume was very heavy, with about 12 ...
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Oil Patch Bankruptcies Soar in 2015

A total of 48 oil and gas exploration and production (E&P) companies filed for bankruptcy in 2015, and 39 oilfield services companies also filed for bankruptcy protection last year. So ...
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Huge Refinery Run May Be Over: Analyst Has Just 3 to Buy Now

For almost three years, and through the staggering collapse in oil prices, the refiners continued to be the last stronghold for beleaguered oil and gas investors. However, the party may ...
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Peabody Losses Piled Higher, More Losses Foreseen

Peabody Energy Corp. (NYSE: BTU) reported fourth-quarter and full-year 2015 results before markets opened Thursday. The coal miner’s adjusted diluted loss per share for the quarter came to $9.27 on ...
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Oil Barrels

Goldman Sachs Sees 4 Exploration & Production Winners for $35 Oil Long Term

Now that West Texas Intermediate Crude (WTI) oil has dipped under $30.00 per barrel, investors and industry watchers are even more concerned about the oil and gas stocks in the ...
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oil train

Major Oil Short Interest Backs Off

The short interest data have been released for the January 29 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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sustainable energy

Why Short Interest in Solar Stocks Is Mostly on the Rise

Short interest moves among solar and alternative energy stocks mostly increased during the two-week reporting period that ended on January 29. In the solar segment, three of the five companies ...
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Solar rooftop

SolarCity Stock Outlook Crushes Stock

SolarCity Corp. (NASDAQ: SCTY) reported fourth-quarter and full-year 2015 results after markets closed Tuesday afternoon. For the quarter, the solar PV installer posted an adjusted diluted net loss per share ...
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Anadarko Slashes Dividend 81%

Oil & gas producer Anadarko Petroleum Company (NYSE: APC) announced late Tuesday afternoon that it is cutting its dividend from $0.27 per quarter to $0.05. The dividend is payable on ...
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Blue Flame

S&P Lowers the Boom on Chesapeake Debt

Debt rating agency Standard & Poor's on Tuesday lowered the corporate credit rating on Chesapeake Energy Corp. (NYSE: CHK) from CCC+ to CCC. But the ratings service did not stop ...
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installing solar panels

What to Expect From SolarCity Earnings

Since the beginning of the year, shares of SolarCity Corp. (NASDAQ: SCTY) have lost about 47% of their value. The drop was likely precipitated by proposed — and ultimately adopted ...
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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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