U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t…
ThinkstockWe have tracked the key short interest changes as of December 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
Frank Golhen, via Wikimedia CommonsEarnings season is in full swing and the coming week will have many big earnings announcements. 24/7 Wall St. has provided a brief calendar showing current and ex-DJIA…
ThinkstockIn another asset sale intended to streamline the company’s project portfolio, ConocoPhillips (NYSE: COP) announced that it had sold its properties in the Cedar Creek Anticline area of North Dakota and Montana…
thinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge growth in…
ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global recession led by…
ThinkstockThe oil and gas industry increased its mergers and acquisitions deals in 2012 by 38% over 2011, according to Dealogic. M&A activity totaled $348 billion in 2012, the industry’s highest total since…
ThinkstockWe have tracked the key short interest changes as of November 30th in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP); Chesapeake Energy Corporation (NYSE:…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. With this being the week of Christmas, analyst upgrades and downgrades likely…
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in…
ThinkstockAs part of its strategy to boost shareholder value by selling off noncore assets, ConocoPhillips (NYSE: COP) this morning announced that it is selling its onshore assets in Algeria to Indonesia’s state-owned…
Paul Ausick ThinkstockWe have tracked the key short interest changes as of November 30 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
ThinkstockKinder Morgan Energy Partners L.P. (NYSE: KMP) announced this morning that it has sold its stake in the Express-Platte pipeline system to Spectra Energy Corp. (NYSE: SE) for about $380 million before…
ThinkstockOil supermajor ConocoPhillips (NYSE: COP) said today that its capital budget for 2013 would be $15.8 billion, approximately flat with 2012 spending. About 60% of the capital spending will be in North…
Paul Ausick U.S. equity markets opened mixed this morning, but some initial enthusiasm wore off by mid-morning and stocks moved slightly lower throughout the day. In Europe, unemployment rose more than expected (more coverage…
