Energy Business


Centennial Resource Files for IPO

Centennial Resource Development 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 given in the offering, but it ...
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choose happiness

Credit Suisse Loves These 3 High-Yielding MLPs Now

Any way you slice it, the energy run up from the lows has been outstanding, and investors who had the courage to buy back in January and February have been well ...
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Merrill Lynch Raises Price Targets on Top Buy-Rated Energy and MLP Stocks

With the spot price of oil holding its own, and many strategists and economists positive on gross domestic product growth in the second half, there is a good chance that ...
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Elon Musk

SolarCity Lost $123 Million Last Quarter

SolarCity Corp. (NASDAQ: SCTY) may be taken over by Tesla Motors Inc. (NASDAQ: TSLA). No matter how promising SolarCity's prospects are, it lost $283 million last quarter on $123 million ...
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wind power

China’s Largest Wind Turbine Maker Seeks New Markets

In 2015, China's Goldwind Science & Technology installed 7,800 megawatts of wind power generation capacity, the most of any country, displacing General Electric Co. (NYSE: GE) as the world's top ...
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Pipeline - natural gas

Credit Suisse Sees Big Upside in Defensive MLPs for Yield and Growth

The world of master limited partnerships (MLPs) was once believed to be at least partially immune to the woes of oil and gas prices. That worked for a while. Issues ...
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How Strong Is the Outlook for Laredo Petroleum?

Independent oil and gas producer Laredo Petroleum Inc. (NYSE: LPI) has a reputation as one of the most efficient producers in the Permian Basin, where it sits on proved reserves ...
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oil field sunset

Exxon Adds $45 Billion to Market Cap

Exxon Mobil Corp. (NYSE: XOM) closed 2015 with a share price of $77.97, down from a closing price of $92.45 at the end of 2014. The company's market cap dropped ...
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Oil worker

Marathon Stock Jumps on $888 Million Acquisition

Independent oil and gas company Marathon Oil Corp. (NYSE: MRO) announced Monday morning that it has signed a definitive purchase and sale agreement to acquire PayRock Energy Holdings. Marathon will ...
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Pump Jacks Against at Dusk

Jefferies Analyst Likes 3 Edgy Beta Oil Stocks Now

One way or another, this week will help to either add volatility in a big way or shut it off for a while. With the long-awaited Brexit vote finally about ...
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oil field sunset

Over 20 Key Oil & Gas Analyst Upgrades and Downgrades

The week of June 17 ended up a down week after the Dow Jones Industrial Average fell almost 200 points. The fears of what may happen in a Brexit scenario ...
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Saint Basil's Cathedral

The Honeymoon Isn’t Over Yet for BP, Rosneft

At the XX St. Petersburg International Economic Forum on Friday morning, BP PLC (NYSE: BP) and Russia's state-controlled oil company Rosneft signed agreements to create a new joint venture between the ...
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green energy

Azure Power Global Updates IPO in Most Recent Filing

Azure Power Global has registered an amended F-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). This will be the most recent public ...
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Blue Flame

Stifel Raises Price Targets on 3 Very Hot Energy Stocks

One trend that we have started to see at the investment banks that we cover here at 24/7 Wall St. is a move down the capitalization ladder in the energy ...
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Oil pumps

Devon Reaps $858 Million From Midland Basin Asset Sale

Oil and gas producer Devon Energy Corp. (NYSE: DVN) announced Wednesday afternoon that the company has agreed to sell $858 million worth of assets in the Midland (Permian) Basin in ...
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