thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 59 billion cubic feet last week, compared with an expected build of between 54 billion and 58 billion cubic…
Wikimedia CommonsOil and gas supermajor Exxon Mobil Corp. (NYSE: XOM) reported second-quarter 2013 estimated results before markets opened this morning. The company posted diluted earnings per share (EPS) of $1.55 on revenues of $106.47…
ThinkstockTransCanada Corp. (NYSE: TRP) announced this morning that it will proceed to the next stage of development for its Energy East pipeline, which is intended to carry 1.1 million barrels a day from the oil…
courtesy Chesapeake Energy Corp.Chesapeake Energy Corp. (NYSE: CHK) reported second-quarter 2013 earnings before markets opened this morning. The oil and gas exploration and production company posted adjusted diluted earnings per share (EPS) of $0.51…
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported second-quarter 2013 earnings before markets opened this morning. The gold miner posted adjusted earnings per share (EPS) of $0.66 on revenues of $3.2 billion. In the same period…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 400,000 barrels last week, maintaining a total U.S. commercial crude inventory to 364.6 million…
ThinkstockEasy money and near-zero interest rates from the Federal Reserve created a great environment for gold bugs to drive the price of gold higher and higher. Central banks around the world also were printing new…
ThinkstockPhillips 66 (NYSE: PSX) reported second-quarter 2013 results before markets opened this morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $1.50. In the same period a year ago, the company…
thinkstockYesterday’s announcement of the breakup of Belarusian Potash Co. (BPC) sent shares of North American potash producers tumbling by the largest dollar amounts in nearly five years. And that may just be the good…
ThinkstockArch Coal Inc. (NYSE: ACI) reported second-quarter 2013 results before markets opened this morning. The coal miner posted an adjusted diluted earnings per share (EPS) loss of $0.29 on revenues of $766.3 million. In…
ThinkstockAlthough the technique known as hydraulic fracturing was first tried in the 1950s, it did not become popular (read, “economic”) until a small company called Mitchell Energy & Development Corp. applied the technique to…
ThinkstockWhen oil services firm Halliburton Co. (NYSE: HAL) pleaded guilty to destroying evidence in an investigation of the causes of the explosion of the Deepwater Horizon that killed 11 workers and spilled 5 million…
ThinkstockWeyerhaeuser Co. (NYSE: WY) reported second-quarter fiscal 2013 results before markets opened this morning. The wood products REIT posted diluted earnings per share (EPS) of $0.35 on revenues of $2.1 billion. In the same period…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 41 billion cubic feet last week, compared with an expected build of between 47 billion and 51 billion cubic…
ThinkstockMetallurgical coal miner Walter Energy Inc. (NYSE: WLT) today cut its quarterly dividend from $0.125 to $0.01. The cut was demanded by creditors in order to let the company amend a $2.73 billion senior…