Energy Business

Why a Q3 $12.7 Billion Charge Isn’t Hurting Schlumberger 

Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2019 results before markets opened on Friday. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.43 on revenues ...
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Why Mega-Cap Dividend Energy Stocks May Be the Best 2020 Bet

Even though oil has stayed above the critical $50 a barrel level, the energy sector has been a huge disappointment this year. While the S&P 500 is up almost 20% ...
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Why Kinder Morgan Shares Aren’t Sagging 

Kinder Morgan Inc. (NYSE: KMI) reported third-quarter 2019 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.22 per share on revenues of $3.21 ...
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Parsley Energy & Jagged Peak: Oil & Gas Merger Looks Bad Before the Ink Is Even Dry

When companies make an acquisition they generally are doing to make the future base of the company stronger than it would be on its own without doing anything. That is ...
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Short Sellers Dodge Solar, Pounce on 2 Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on September 30.  Of the companies we watch, short interest increased on ...
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Energy Short Sellers Raise Their Bets Against the Giants

Crude oil traded around $52.35 a barrel early Thursday, essentially unchanged in the past week, but far below a high of $62.90 posted on September 16, the first trading day ...
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Does a 38% Dividend Hike by ConocoPhillips Match Reality in Oil & Gas Ahead?

It might seem odd with the lower oil prices and with energy stocks in the tank that one of the industry giants might really want to commit to raising its ...
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Norway Begins Production at 2.7 Billion Barrel Oil Field

On Saturday, two months early and 10 years after its discovery, the Johann Sverdrup oil field began production. The field is located on Norway's continental shelf and is estimated to ...
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How SunPower Plans to Preserve Its Federal Investment Tax Credits

SunPower Corp. (NASDAQ: SPWR) made a handy gain on Monday after the company announced that it has entered into a joint venture with Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: ...
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5 Energy Stocks Trading Under $10 With Huge October Upside Potential

While most of Wall Street focuses on large and mega cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares ...
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Why Oversupply Concerns Are Outweighing Geopolitical Risks for Oil Prices Ahead

Crude oil prices have had a bumpy year. As of Thursday's close, prices were right around their mid-December 2018 level of $52 and change. Over the past six months, the ...
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Hess Shuffles Midstream Assets in $6.2 Billion Transaction

Hess Corp. (NYSE: HES) and Hess Midstream Partners L.P. (NYSE: HESM) announced Friday that the midstream firm will acquire all the ownership interests in Hess Infrastructure Partners in a transaction ...
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SunTrust High-Conviction Energy Picks for Q4 Have Massive Upside Potential

This year, for the first time in many years, active managers are outperforming index funds, and that should be a loud wake-up call to passive investors. After a more ...
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Elliott Management Sets Sights (Again) on Breaking Up Marathon Petroleum

When activist investor Paul Singer and his Elliott Management investment firm first tried to split up Marathon Petroleum Corp. (NYSE: MPC) in 2016, Marathon was considerably smaller. The plan then ...
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Short Sellers Avoid Solar, Jump on Some Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on September 13.  Of the companies we watch, short interest decreased on ...
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