The three major US stock indexes opened higher this morning as markets were getting primed for the afternoon’s statement from the FOMC. Tomorrow’s announcement on interest rates from the European Central Bank…
The three major US stock indexes opened mixed this morning following the unemployment report from the Eurozone, which showed that the 11.2% rate had remained unchanged. The Eurozone consumer price index was…
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
An asset sale to a Chinese buyer would not be a first for Chesapeake Energy Co. (NYSE: CHK), but if a reported deal does happen, it would likely be the largest such…
So what if oil is trading lower. Traders and investors have voted that they believe the bottom has finally been seen in natural gas, at least for the time being. Natural gas…
It has been almost exactly two years since Exxon Mobil Corp. (NYSE: XOM) completed its $31 billion merger with XTO Energy to create the largest natural gas company in the US. Exxon’s…
The development of unconventional natural gas resources in the lower 48 states supported 1 million jobs in 2010, and that total will grow to 1.5 million by 2015 and to more than…
China Petroleum & Chemical Corp., known popularly as Sinopec (NYSE: SNP), has said that it will acquire all the overseas oil & gas assets of parent company China Petrochemical Corp., better known…
Paul Ausick The three major US stock indexes opened slightly higher this morning, but the DJIA almost immediately turned south and remained in negative territory all session. The Nasdaq composite and S&P 500 turned…
Devon Energy Corporation (NYSE: DVN) is running up more than normal after its quarterly earnings report. The $28 billion market value for this exploration and production company is up 3.5% from yesterday…
Jon C. Ogg Wednesday is a fairly busy day for earnings expectations. We are expecting the following reports: Abercrombie & Fitch Co. (NYSE: ANF); Agilent Technologies, Inc. (NYSE: A); Blue Nile Inc. (NASDAQ: NILE); Clearwire Corporation…
Earnings season is starting to slow down a bit but we will still have some sector-moving earnings reports from major companies. 24/7 Wall St. has prepared earnings previews for the following companies: Charles River…
Independent oil & gas producer Devon Energy Corp. (NYSE: DVN) today announced an agreement with a subsidiary of China’s Sinopec which will give the Chinese firm a 33% stake in five of…
Chesapeake Energy Corp. (NYSE: CHK) opened about 2% higher this morning following its third-quarter earnings release after markets closed yesterday. The company posted adjusted EPS of $0.72, beating the consensus estimate by…
A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp.…