Energy Business

Have Schlumberger’s Acquisitions Paid Off?

Schlumberger Ltd. (NYSE: SLB) reported its most recent quarterly results on Friday morning. The oilfield services firm said that it had $0.36 in earnings per share (EPS) and $8.18 billion ...
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PG&E’s Only Duty Is to Company and Shareholders: Blue Mountain Capital

In a letter to the board of PG&E Corp. (NYSE: PCG) Thursday morning, Blue Mountain Capital Management called the utility's planned bankruptcy filing "damaging, avoidable, and unnecessary." Blue Mountain, which ...
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Morgan Stanley Doesn’t Think PG&E Bankruptcy Will Topple Yieldcos

When PG&E Corp. (NYSE: PCG) announced Monday that it plans to file for bankruptcy by the end of January, the company detailed at some length the liabilities it faces. What ...
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Raymond James Says Top MLPs May Be Poised for a Monster Year

Energy investors had a brutal fourth quarter of 2018. Of course, the lower crude oil prices dropped, the more the top stocks got hit. Even though many of the top ...
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Are Prices at the Pump Finally Stabilizing?

The national average price for a gallon of regular gasoline rose half a cent in the past week to $2.24, as of Monday morning. This comes after declining for 13 ...
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Friday’s Biggest Winners and Losers in the S&P 500

January 11, 2019: The S&P 500 closed flat at 2,596.22. The DJIA closed flat at 23,995.88. Separately, the Nasdaq closed down 0.2% at 6,971.48. Friday was a down day for ...
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Short Interest Rises in Solar Stocks, Mixed in Alternative Fuels

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on December 31. Of the companies we watch, short interest rose on ...
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How Much Big Oil Short Sellers Are Hiking Their Bets

Crude oil was trading right around $52 a barrel early on Friday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Chesapeake Proves That Sometimes Less Is Really More

Chesapeake Energy Corp. (NYSE: CHK) shares surged after reporting preliminary data for 2018. What is interesting is that the news of operations might have seen a different reaction back when ...
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RBC Out With First Global Energy Best Ideas Picks for 2019

The pounding the energy sector has taken since early October is enough to make many investors run and hide. Down over 30% at one point, shares of many of the ...
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What Another 1 Billion Barrels of Oil Means for BP

BP PLC (NYSE: BP) is almost nine years past the Macondo Prospect and Deepwater Horizon spill in the Gulf of Mexico. Now BP is back into an expanded role in ...
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What a PG&E Bankruptcy Would Mean

On November 8, shares of PG&E Corp. (NYSE: PCG) closed near $49. A week later the closed at just over $17. What happened in between may lead the largest gas ...
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Why Big Oil Looks to Be the Best Energy Bet for 2019

Along with a vicious 20% decline and bear market status for the S&P 500, oil has taken even a bigger beating, at one point down 30% from highs posted earlier ...
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Short Sellers Grow More Selective in Major Oil Stocks

Crude oil was trading right around $45 a barrel early on Thursday. Over the past month, crude has been down sharply, following the markets lower for the year. However, it ...
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Short Sellers Yield on Alt Energy, Move on Solar Stocks

Short interest moves favored solar over alternative energy stocks as share prices declined during the two-week reporting period that ended on December 14. Of the companies we watch, short interest ...
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