The nation’s second-largest producer of natural gas, Chesapeake Energy Corp. (NYSE: CHK), has announced a new plan to achieve what it calls “equilibrium” between its capital expenditures and its cash flow from…
When Kinder Morgan Inc. (NYSE: KMI) made its offer to buy El Paso Corp. (NYSE: EP) for $21 billion, the purchase included some assets of El Paso that Kinder Morgan is not…
Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding that the…
Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
The latest delay to a US decision on whether or not to allow the Keystone XL pipeline project has shifted attention to two other proposed pipelines that would carry bitumen from the…
In 2010, US refineries took delivery of about 5.4 billion barrels of crude oil. Of that total, more than 50%, 2.8 billion barrels, arrived at the refineries by pipeline. The US petroleum…
Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters) Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board.…
The energy complex in America was given a huge boost on Monday on the news that Kinder Morgan Inc. (NYSE: KMI) was doing a record transaction to acquire El Paso Corporation (NYSE:…
China’s GDP growth decelerates to 9.1%. (Reuters) Concern about China growth and the EU disaster push global stocks lower. (Reuters) Federal Reserve officials argue about the future rate of inflation. (Reuters) IBM…
Over the weekend, pipeline company Kinder Morgan, Inc. (NYSE: KMI) announced that it would pay approximately $21.1 billion in cash and stock for El Paso Corp. (NYSE: EP) and El Paso Pipeline…
Challenger, Gray said planned layoffs announced in September were up more than 200% from a year earlier to 115,000. That figure appears to be on the rise, and the latest layoffs, or…
Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250…
Kinder Morgan (NYSE: KMI) and El Paso (NYSE: EP) released an agreement for Kinder to acquire the outstanding shares of El Paso in a deal that will create the fourth largest energy…
The 2011 Class of Private Equity-Backed IPOs is really off to a rough start. The market conditions of late have all culminated to create a cautious IPO environment and even a cautious…
The good news for the IPO market in 2011 is that investors are willing to pay for IPOs. They are even willing to overpay for quality IPOs. The problem is when these…
