Energy Business

Oil drilling rig

Oil Rigs Drop by 26, Hedge Funds Increase Long Bets as Crude Prices Rise

In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week and 1,510 a year ...
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oil rig

Why Schlumberger Will Fire 11,000

The announcement was simple and came as a part of Schlumberger Ltd.'s (NYSE: SLB) terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude ...
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Oil drilling rig

Schlumberger Job Cuts Now Total 11,000

Schlumberger Ltd. (NYSE: SLB) reported first quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $1.06 on ...
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Kinder Morgan

Is Kinder Morgan Now the Perfect Energy Stock?

It is no secret any longer that the world of oil and gas has been shaken to the core now that oil has fallen from over $100 to under $50. ...
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solar energy

Apple’s Clean Energy Footprint Grows on China Deal With SunPower

SunPower Corp. (NASDAQ: SPWR) announced Thursday morning that it will join with Apple Inc. (NASDAQ: AAPL) to build two solar power projects in China’s Sichuan province. Total generation from the ...
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Analyst Raises Price Targets on Top Permian Basin Oil Stocks

Crude oil is printing 2015 highs in prices, and some investors are starting to feel that perhaps the worst of the nine-month nightmare may be closer to being over. With ...
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Kinder Morgan

Kinder Morgan Still Talks About Expansion as Revenues Shrink

Kinder Morgan Inc. (NYSE: KMI) reported first-quarter 2015 results after markets closed Wednesday. The midstream giant posted earnings per share (EPS) of $0.22 per share on revenues of $3.6 billion. ...
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oil pipeline

5 Potential MLP and General Partner Buyout Candidates

One thing that the massive sell-off in crude oil has done is revved up mergers and acquisitions speculation. The Alerian Master Limited Partnership (MLP) Index pulled back 24% from its ...
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downgrade

Why 2 Major Analysts Downgraded BP in 2 Days

Even long after the Gulf oil spill, BP PLC (NYSE: BP) has had a rough run of things. It does not help that two analysts are making near identical calls ...
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Oil spill

Short Sellers Stay Aggressive on Big Oil Stocks

The short interest data have been released for the most recent settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Alternative Energy sources

Where Has Solar, Alt Energy Short Interest Gone?

Short interest among solar and alternative energy stocks was mixed during the two-week reporting period that ended on March 31. Solar stocks generally saw short interest drop, as did the ...
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Oil drilling rig

Low Crude Oil Prices Leave Thousands of US Wells Uncompleted

There are roughly 2,500 to 3,500 drilled but uncompleted oil wells in the United States, according to analysts at IHS Inc. (NYSE: IHS). As many as 1,400 of those wells are ...
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Oil Tanker

5 Oil and Gas Stocks Analysts Want You to Buy

The oil and energy sector is in a rough spot. Still, a Federal Reserve report showed less-bad expectations even as rig counts are still on the decline. Still, West Texas ...
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oil rig

Shell-BG Deal Could Validate Petrobras Value, Sort Of

Since March 13, the value of Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, has jumped more than 46%. The last 8% of that gain was posted Thursday morning, ...
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Another Reason the BG Acquisition Is a Bargain for Shell

Even though there appear to be plenty of critics of the proposed $70 billion acquisition of BG Group by Royal Dutch Shell PLC (NYSE: RDS-B), we are not among them. ...
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