ThinkstockConocoPhillips (NYSE: COP) announced this morning that it is selling its 8.4% stake in a production sharing agreement in the north Caspian Sea for about $4.9 billion. The carrying value of Conoco’s…
Paul Ausick Mark Hirschey / Wikimedia CommonsBerkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings. Many changes had been made in the June quarter…
thinkstockAustralia has been a center of development for liquefied natural gas (LNG) development for several years now, and the first wave of projects are scheduled to be operational in 2014. But as…
ThinkstockWe have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron Corp. (NYSE:…
courtesy Phillips 66Phillips 66 (NYSE: PSX) reported third-quarter 2012 earnings this morning. The oil refiner and marketer posted adjusted diluted earnings per share (EPS) of $2.97 on revenues of $43.91 billion. In…
We have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron Corp. (NYSE:…
The three major U.S. stock indexes opened lower this morning and really never got on track the entire day. The lower opening was likely a reaction to China’s weakest quarterly GDP growth…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Thursday. Alkermes PLC (NASDAQ: ALKS) raised to Outperform with $24 target…
We have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron Corp. (NYSE:…
Four major oil and gas companies have reached an agreement on the route of an 800-mile natural gas pipeline to transport gas from Alaska’s North Slope to a port on the state’s…
Short interest in the oil services companies has risen, while one of the two refiners on our list -- Phillips 66 -- posted a substantial drop in short interest. As crude prices…
Wikimedia commons / Stefan KühnFollowing last year’s disaster at Japan’s Fukushima Daiichi nuclear power plant, Germany said it would abandon nuclear power generation in the country by 2022. Early today, Japan announced…
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.”…
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price…
As a condition of regulatory approval for its acquisition of El Paso Corp., Kinder Morgan Energy Partners L.P. (NYSE: KMP) agreed to divest some assets in the Rocky Mountains. Today the company…
