Energy Business

DJIA’s Worst Performing Stock in 2017 Is Exxon Mobil

Shares of Exxon Mobil Corp. (NYSE: XOM) dropped nearly 1% last week, to close down 10% for the year to date and keep its position as the worst performing of ...
Read Full Story »

Exxon Is Target of Mini-Tender Offer

After markets closed on Friday, Exxon Mobil Corp. (NYSE: XOM) announced that the company had received notice of an unsolicited mini-tender offer by TRC Capital to purchase up to 2 ...
Read Full Story »

What Now After Trump Administration OK for Keystone XL Pipeline?

President Donald Trump weeks ago telegraphed his intention to issue a permit to TransCanada Corp. (NYSE: TRP) to proceed with construction of the Keystone XL pipeline. Early Friday morning, the ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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, ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »

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 ...
Read Full Story »