Energy Business

With Oil Still Over $60 and Summer Coming, Top Energy Stocks Are a Steal Now

The week that ended last Friday saw the worst flows from energy funds since the middle of December, which then was the worst since 2014. Despite some rumblings that Russia ...
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M&A Targets Abound in Energy Sector

Chevron Corp. (NYSE: CVX) just pocketed some $9 billion—more than $8 billion it didn't spend to acquire Anadarko plus $1 billion in a breakup, probably paid by Occidental, which outbid ...
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Why Short Sellers Jumped on 2 Energy Stocks

Crude oil traded at around $61.98 a barrel early Friday. Over the past month, the price of West Texas Intermediate (WTI) crude has dipped from about $64 to around $62 ...
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Big Short Interest Moves in Some Solar, Alternative Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on April 30. Of the companies we watch, short interest increased on ...
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Why Chevron Let Anadarko Get Away

In an announcement that should have surprised no one, Chevron Corp. (NYSE: CVX) said Thursday it would not counter a proposal from Occidental Petroleum Corp. (NYSE: OXY) to acquire Anadarko ...
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Chesapeake’s Large Q1 Loss Isn’t All Bad News

Chesapeake Energy Corp. (NYSE: CHK) remains in turnaround mode after the Aubrey McClendon years. Despite having tried to move to more of a mix of oil and gas, Chesapeake reported ...
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$9 Billion Pipeline Merger All in the Family

Two mid-size energy master limited partnerships (MLPs) announced a definitive merger agreement Wednesday morning. MPLX L.P. (NYSE: MPLX) will acquire Andeavor Logistics L.P. (NYSE: ANDX) in an all-equity transaction valued ...
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Why Chevron Could Be Eyeing These 4 Companies After Losing Anadarko Bid

It’s all but a given now that Anadarko Petroleum Corp. (NYSE: APC) will accept the takeout offer from Occidental Petroleum Corp. (NYSE: OXY) and with good reason. The cash portion ...
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Can SolarEdge Keep Up the Pace After Q1?

SolarEdge Technologies Inc. (NASDAQ: SEDG) reported its most recent quarterly results after the markets closed on Monday. The company said that it had $0.64 in earnings per share (EPS) and ...
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Clock Now Ticking on Chevron’s Offer for Anadarko

After markets closed Monday, the Anadarko Petroleum Corp. (NYSE: APC) announced that it had determined that the acquisition offer it had received on Sunday from Occidental Petroleum Corp. (NYSE: OXY) ...
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Why Occidental Added More Cash to Offer for Anadarko

The board of directors of Occidental Petroleum Corp. (NYSE: OXY) on Sunday announced that it had revised its offer to acquire Anadarko Petroleum Corp. (NYSE: APC) by boosting the cash ...
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Berkshire Hathaway Jumps Into Occidental-Chevron Battle to Acquire Anadarko, With Caveats

The fight between Occidental Petroleum Corp. (NYSE: OXY) and Chevron Corp. (NYSE: CVX) to acquire Anadarko Petroleum Corp. (NYSE: APC) just took a serious turn. Warren Buffett and Berkshire Hathaway ...
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Why Is Anadarko Talking to Occidental Again?

Anadarko Petroleum Corp. (NYSE: APC) said Monday morning that it intends to resume negotiations with Occidental Petroleum Corp. (NYSE: OXY) as a result of Oxy's offer to pay more for ...
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Short Sellers Hunt Profits in Solar, Alternative Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on April 15.  Of the companies we watch, short interest increased on ...
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Short Sellers Remain Cool to Energy Stocks

Crude oil traded at around $64.05 a barrel early Friday. Over the past month, the price of West Texas Intermediate (WTI) crude has risen from about $60 to around $64 ...
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