BP, the oil giant that is barely clear of its Deepwater Horizon oil leak debacle, said it would fire 7,000 people as it posted a net loss. It will, however, maintain its…
Douglas A. McIntyre Kinder Morgan saw its share price sink more than 8% Monday morning due to the 5% drop in crude oil and to the closing of a $350 million acquisition.
As of the January 15 settlement date, some of the latest short interest readings for major oil companies are backing off of highs, while others are attempting to push new highs.
The short interest data have been released for the December 31 settlement date. Short interest for the selected oil stocks was mixed.
The short interest data have been released for the December 15 settlement date, and short interest for the selected stocks was saw a definite jump.
The November 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was ultimately mixed.
Some of the latest short interest readings for major oil companies are backing off highs, while others are pushing on new highs.
Investors have been trying to nibble into and find value in the oil patch. So far this has come with some small gains here and there, but it has come with a…
The October 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed.
BP reported third-quarter 2015 results, along with production and capex guidance, before markets opened Tuesday morning.
Paul Ausick Before markets open on Tuesday morning, energy giant BP is scheduled to release third-quarter results.
Paul Ausick Kinder Morgan has announced that it will acquire 15 refined products terminals and associated U.S. infrastructure from a division of BP in a transaction valued at about $350 million.
Big Oil is now engaged in cost-cutting operations with mass layoffs and project cutbacks. This could start a positive feedback loop for both oil and oil stocks.
The September 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks increased almost across the board.
Anyone waiting for some good third-quarter news from U.S. oil companies is very likely to be disappointed when these firms report earnings beginning later this month.
