Energy Business

$6.1 Billion 2019 Capital Spending Planned for ConocoPhillips

The largest U.S. independent energy exploration and production company, ConocoPhillips (NYSE: COP), announced Monday morning its planned capital expenditure (capex) budget for 2019. The company said it plans to spend ...
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Crude Oil Price Remains Sunk Following Massive Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 7.3 million barrels last week, maintaining a total ...
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OPEC Likely to Cut Production: 4 Stocks to Buy

This fall, and again this week, has surely proved to be one of the most stomach-churning periods for investors since the beginning of 2016. Nowhere was the damage worse than ...
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Major Commodity Traders Investigated in Brazilian Corruption Probe

An investigation code-named "Operation Car Wash" was begun in Brazil in 2014 that targeted senior managers and company processes at Petroleo Brasileiros S.A. (NYSE: PBR), better known as Petrobras, one ...
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Why One Analyst Sees First Solar Rising 30%

First Solar Inc. (NASDAQ: FSLR) shares slid on Tuesday despite the solar firm receiving a couple favorable upgrades from analysts. Even though the share price has dropped off recently, one ...
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Big Oil Scares Off Short Sellers

Crude oil was trading right around $51 a barrel early on Wednesday. Over the past month, crude has been down sharply following the markets lower for the year. However, it ...
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Short Sellers Retreat From Most Solar, Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on November 15. Of the companies we watch, short interest fell on ...
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SunTrust Says Worst Case Priced In for Oilfield Services: 3 Bargains to Buy

For those who were reluctant to look at their October statements, and fearing that November’s will look just as bad, be thankful you didn't have a big long position in ...
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Is JinkoSolar’s Big Gain a Win for All Global Solar Companies?

JinkoSolar Holding Co. Ltd. (NYSE: JKS) finally may be showing signs of life again. While the latest pop is a definite gain for the company, some of the news here ...
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Cimarex Pays $1.6 Billion for Permian Producer Resolute

Cimarex Energy Co. (NYSE: XEC) announced Monday morning that it has agreed to pay approximately $1.6 billion for Permian Basin pure-play producer Resolute Energy Corp. (NYSE: REN). That works out ...
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PG&E Shares Stumble Again on Report of Second Incident Prior to Camp Fire

PG&E Corp. (NYSE: PCG) added about 38% back to its share price on Friday to close the day at $24.40 after closing Thursday at $17.74. The stock has dropped about ...
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Why Hammered Mega-Cap Integrated Oil May Be the Best 2019 Stock Picks

According to the pundits who loved oil at $75 a barrel, it’s possible the black gold could now be going to $40. In what is a typical response from financial ...
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Natural Gas Hits 5-Year Highs: Buy These 4 Production Leaders Now

In a very odd energy juxtaposition, while oil continues to get hammered and sinks to 2018 lows, natural gas is over the $4 level and is the highest it’s been ...
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Why the GE Share Sale of Baker Hughes and the Buyback Matter to Shareholders

General Electric Co. (NYSE: GE) has been in free fall, and the company obviously has lost its own narrative. Now, newly appointed CEO Larry Culp is proving that he wants ...
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PG&E Hammered on Coming Wildfire Claims

In April 2015, the California Public Utilities Commission (CPUC) fined PG&E Corp. (NYSE: PCG) $1.6 billion to pay for an explosion in San Bruno, California, that killed eight people and ...
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