oil and gas

petro chemical plant

What Warren Buffett Sees in Phillips 66 That You Don’t

Investing in energy has been tricky of late. Almost all aspects of the energy patch have traded handily lower. One group that has held up in the panic has been ...
Read Full Story »
Oil drilling rig

Oil Rig Count Adds 1; Natural Gas Drillers Drop 8 Last Week

In the week ended August 28, the number of rigs drilling for oil in the United States totaled 675, compared with 674 in the prior week and 1,575 a year ...
Read Full Story »
old mining hardhat with head light

Why Carl Icahn Might Not Succeed in Freeport-McMoRan

Activist investor Carl Icahn disclosed nearly an 8.5% stake in the copper and gold miner Freeport-McMoRan Inc. (NYSE: FCX) after the markets closed on Thursday. This is not the first ...
Read Full Story »
Active investor

What Carl Icahn Wants From Freeport-McMoRan

After the markets closed on Thursday, activist investor Carl Icahn revealed that he had acquired an 8.46% stake in copper and gold miner Freeport-McMoRan Inc. (NYSE: FCX). The stock, which ...
Read Full Story »
Drilling rig

Analyst Says Do Not Wait for Oil Bottom, Buy Quality Large-Caps Now

If there was ever a tug-of-war in the markets, it is in the energy sector. Some see the “lower for longer” as the new paradigm, while others feel that the ...
Read Full Story »
Blue flames of a gas stove

Natural Gas Price Ticks Lower After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 69 billion cubic feet for the week ending August 21. Analysts were expecting a ...
Read Full Story »
thumbs up

Key Analyst Sees Huge Upside in Schlumberger After Acquisition

Schlumberger Ltd. (NYSE: SLB) announced on Wednesday that it will be acquiring Cameron International Corp. (NYSE: CAM) in a cash and stock deal. The agreement was unanimously approved by both ...
Read Full Story »
Money background. Close-up.

Seadrill Rises on Solid Earnings Beat

Seadrill Ltd. (NYSE: SDRL) reported its second-quarter financial results before the markets opened on Thursday. The company had $0.77 in earnings per share (EPS) on revenue of $1.15 billion, compared ...
Read Full Story »
Kinder Morgan pipeline

4 Natural Gas Exploration and Production Stocks With Massive Upside Potential

One thing is for sure, if you are looking for stocks to buy among the wreckage, look no further than energy. A new research report from Cowen maintains that energy ...
Read Full Story »
153715598

Crude Oil Price Dips After Inventory Shows Big Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 5.5 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Oil drilling rig

Schlumberger to Acquire Cameron International

Schlumberger Ltd. (NYSE: SLB) and Cameron International Corp. (NYSE: CAM) made waves in the market on Wednesday after coming to terms with a merger agreement. The companies announced a definitive ...
Read Full Story »
186723229

Short Sellers Become More Selective on Major Oil Stocks

The short interest data have been released for the August 14 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
Oil tanker

Key Analyst Sees Attractive Entry Into Euronav

Considering falling oil prices and the cost that it takes to store oil, Euronav N.V. (NYSE: EURN) appears to be well positioned to take advantage of this. A key analyst ...
Read Full Story »
oil storage terminal

Analyst Says Energy MLPs Best Buy Since 2008

Compared to other income type equities, like utilities and real estate investment trusts (REITs), the master limited partnerships (MLPs) have been absolutely demolished. In fact, the Alerian index that tracks ...
Read Full Story »
Gas pipeline

Southern Company Acquires AGL Resources Creating Country’s Second Largest Utility

Southern Co. (NYSE: SO) announced Monday that it is acquiring AGL Resources Inc. (NYSE: GAS) in a deal worth $8 billion in equity value and approximately $12 billion including debt. ...
Read Full Story »