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…
Google Inc. (NASDAQ: GOOG) begins to sell its Nexus 7 tablet in Japan, which puts it into competition with Sony Corp. (NYSE: SNE). (Reuters) Google’s shares trade at a record high. (Reuters)…
Independent oil and gas exploration and production company Goodrich Petroleum Corp. (NYSE: GDP) said this morning that it has received notice from the U.S. Securities and Exchange Commission (SEC) that the agency…
Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business to a new company to be called Seadrill Partners LLC. If a filing with the SEC, Seadrill…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 67 billion cubic feet, somewhat higher than the 64 billion cubic feet that analysts…
Exxon Mobil Corp. (NYSE: XOM) announced this morning that it would pay $1.6 billion to Denbury Resources Inc. (NYSE: DNR) for 100% of Denbury’s acreage and interests in the Bakken shale play…
Paul Ausick The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 27 billion cubic feet, in line with the 28 billion cubic feet that analysts…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday. Abercrombie & Fitch Co. (NYSE: ANF) started as Sell at Citigroup. Allergan Inc.…
While many individual Americans are struggling financially, some of the largest corporations in the United States are sitting on billions in cash. Moody’s pointed out in March that U.S. nonfinancial companies’ cash holdings rose to…
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels…
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.”…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 28 billion cubic feet, less than the 36 billion cubic feet that analysts were…
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 66 billion cubic feet, higher than the 61 billion cubic feet that analysts were…
