Energy Business

Pitfalls Hiding in the Saudi Aramco IPO Prospectus

The long-awaited and often-delayed initial public offering (IPO) of Saudi Arabian Oil Company (aka, Saudi Aramco) is about to begin accepting bids for shares in what is by acclamation the ...
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SunPower Poised to Split Into 2 Companies

SunPower Corp. (NASDAQ: SPWR) shares shot up on Monday after the company announced that it plans to separate into two independent, complementary, strategically aligned and publicly traded companies: SunPower and ...
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Stifel Has 5 Energy Stocks Trading Under $10 With Gigantic 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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The Exxon-FuelCell Energy Project: Necessary, but Not Enough

An announcement Wednesday morning that integrated oil giant Exxon Mobil Corp. (NYSE: XOM) has signed a new two-year joint-development with FuelCell Energy Inc. (NASDAQ: FCEL) pushed the floundering fuel cell ...
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Oil Could Go to $85 in 2020: 3 Top Stocks to Buy Now

Even though oil has stayed above the critical $50 a barrel level for some time now, the energy sector has been a big disappointment this year. While the S&P 500 ...
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Should Occidental Just Try to Give Anadarko Back to Chevron?

There are good mergers, and there are not so good mergers. The reality is that big mergers often take years to unfold before real verdict can be made over whether ...
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Brazil’s Offshore Oil Auction a $17 Billion Flop

A highly anticipated auction for drilling rights in four offshore locations (blocks) in Brazil's massive Santos Basin drew just three bidders. State-controlled oil company Petróleo Brasileiro S.A. (NYSE: PBR), better ...
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Chesapeake Tests Investors’ Patience Again With Bigger Loss, Lower Production

Chesapeake Energy Corp. (NYSE: CHK) reported third-quarter 2019 results before markets opened Tuesday. The oil and gas exploration and production company posted an adjusted net loss per share of $0.11 ...
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What’s Not to Love About Chevron’s Q3 Results?

When Chevron Corp. (NYSE: CVX) reported third-quarter results before markets opened Friday morning, the oil and gas supermajor posted diluted earnings per share (EPS) of $1.36 on total revenues of ...
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Why Exxon’s Massive Earnings Decline Is a Triumph

Exxon Mobil Corp. (NYSE: XOM) reported estimated third-quarter 2019 results before markets opened Friday morning. The integrated oil and gas giant posted quarterly diluted earnings per share (EPS) of $0.75 ...
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What to Expect When Exxon Mobil and Chevron Report Q3 Results Friday

Investors look to be steeling themselves against expected poor third-quarter results when Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) report results before markets open on Friday. There's ...
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After a Big Sell-Off, SunPower’s Earnings May Recapture Investor Attention

Solar power has seen its shares of ups and downs, and SunPower Corp. (NASDAQ: SPWR) has certainly been an example of big ups followed by big downs. With more than ...
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BP’s Q3 Results Reflect Doldrums in the Oil Patch

BP PLC (NYSE: BP) reported third-quarter 2019 results before markets opened Tuesday. The oil and gas supermajor posted adjusted diluted earnings per American depositary share (ADS) of $0.66 on sales ...
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How Hard Are Low Crude Oil Prices Going to Hit BP Earnings?

Five of the world's largest publicly traded oil and gas companies report earnings this week and expectations are low. The International Energy Agency (IEA) has cut its demand growth forecast ...
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RBC Has 4 E&P Energy Stocks to Buy With at Least 50% Implied Upside

Even though oil has stayed above the critical $50 a barrel level, the energy sector has been a big disappointment this year. While the S&P 500 is up almost 20% ...
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