Energy Business - Page 2

How Much Could Energen Fetch in a Buyout?

Shares of Energen Corp. (NYSE: EGN) saw a handy gain on Wednesday after the hedge fund Corvex Management announced a 5.5% stake in the company and called for a potential ...
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Goldman Sachs Downgrade Highlights Weakness for Whiting, Hess, Cimarex

Goldman Sachs has soured on several exploration and production players in the oil and gas space, downgrading multiple companies in the sector. Tuesday's downgrade cited stock valuations and noted backwardation ...
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Kinder Morgan Canada’s $1.3 Billion IPO Done and Dusted

Last Thursday, Kinder Morgan Canada, a subsidiary of Kinder Morgan Inc. (NYSE: KMI), filed documents to come public on the Toronto Stock Exchange (TSX). The initial public offering (IPO) was ...
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What Analysts Are Saying About Antero Midstream After the Quiet Period

Antero Midstream G.P. L.P. (NYSE: AMGP) closed its initial public offering earlier this month, and now its quiet period has come to an end. Analysts are taking this opportunity to ...
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Ensco, Atwood in $839 Million Offshore Driller Merger

Offshore drilling firms Ensco PLC (NYSE: ESV) and Atwood Oceanics Inc. (NYSE: ATW) announced Tuesday morning a definitive merger agreement valued at about $839 million in an all-stock transaction in which ...
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Kinder Morgan Files for Canadian IPO

Energy infrastructure company Kinder Morgan Inc. (NYSE: KMI) has filed documents with the Canadian securities regulator for an initial public offering (IPO) of 102.94 million shares of an indirect subsidiary, ...
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Short Sellers Hike Bets on Major Oil Stocks

Crude oil had traded above $50 a barrel before early March, and now it is back above this level for the first time in over a month. This level was ...
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Short Sellers Walking Away From Solar, Piling Into Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mostly upward during the two-week reporting period that ended on May 15.  Of the companies we watch, short interest rose ...
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What Analysts Are Saying About NCS Multistage After the Quiet Period

NCS Multistage Holdings Inc. (NASDAQ: NCSM) saw its shares pullback in Tuesday’s session after the company’s quiet period came to an end. NCS originally came public in its late-April initial public ...
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Can Noble Energy Shares Rise Over 50%?

Merrill Lynch resumed coverage of Noble Energy Inc. (NYSE: NBL) with a Buy rating and assigned a $49 price objective on Tuesday. While the shares closed at $31.09 on Monday, ...
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4 High-Yielding Diversified Energy MLPs to Buy With Big Summer Potential

With summer right around the corner, and the busy vacation driving season also set to start, some of the top firms on Wall Street are becoming more positive on the ...
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Should Exxon Mobil Investors Expect 30% Upside in Returns?

When most analysts issue Buy and Outperform ratings on Dow Jones Industrial Average and S&P 500 stocks, the typical projected upside is 8% to 15% at this stage in the ...
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Analysts Give Positive Opinions on Select Energy Services

Select Energy Services Inc. (NYSE: WTTR) has seen its quiet period come to an end. That allows analysts at the firms in the underwriting syndicate to issue official ratings. So ...
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Westmoreland Coal Earnings and the Troubles Ahead for Coal

The carnage in the coal industry over the past several years is not exactly news. From the glory days in the middle part of the last decade, big U.S. mining ...
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Was the Merrill Lynch Downgrade of Chesapeake Justified?

When big brokerage firms make big analyst downgrades, it can create a stir for investors. That does not appear to be the case in Chesapeake Energy Corp. (NYSE: CHK). In ...
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