Exxon Is Target of Mini-Tender Offer
Exxon Mobil has notified shareholders of a mini-tender offer for up to 2 million shares of the company's stock at a discount to the stock's price. The SEC has warned investors in the past…
Energy
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Oil Rig Count Rises by 21, Hedge Funds Net Short 100 Million Barrels in Past 2 Weeks
The U.S. onshore rig count rose by a total of 20 last week, with 21 new rigs drilling for oil. Saudi Arabia believes another six months of production cuts will be needed to rebalance…
What Now After Trump Administration OK for Keystone XL Pipeline?
The Trump administration has issued a permit to TransCanada to proceed with construction of the Keystone XL pipeline. Will the project live up to expectations?
Natural Gas Price Holds Following Storage Report
U.S. natural gas in storage dropped by 150 billion cubic feet last week, in line with estimates. The price for April delivery slipped less than 1%.
Crude Oil Prices Tumble on Another Big Inventory Addition
The U.S. commercial crude oil inventory added 5 million barrels last week to an already swelling storage total. Crude prices dropped on the news, but worse news may be yet to come for OPEC…
Petrobras Posts Profit, Cuts Debt in 2016
Brazil's supermajor oil company, Petrobras, posted a net profit for 2016 and was also able to reduce its net debt by about 6%.
If OPEC Extends Cuts Past June, Top Permian Stocks Could Run Hard
With oil trading higher on rumors, and energy stocks the most reasonable in a very expensive stock market, we screened the Deutsche Bank energy coverage universe for the top Permian Basin stocks.
Why Investors Are Running Away From Canadian Solar After Earnings
Canadian Solar missed analysts estimates when it reported quarterly and full-year earnings Tuesday morning. The outlook for the first quarter didn't soothe investors either.
Top Strategist Moves Energy to Overweight: 5 Top Dividend Stocks to Buy Now
These five outstanding stocks for growth and income investors to buy are all being offered at a much better price point than most of the S&P 500.
Gas Prices Decline for a Second Straight Week
The U.S. average price for a gallon of regular gas is $2.29 Monday morning, down a penny compared with last week and an unusual second consecutive weekly decline in the pump price.
Exxon Mobil Is DJIA’s Worst Performing Stock in 2017
Exxon Mobil shares closed down slightly on Friday and now have lost about 9.5% of their value in the year to date.
Oil Rig Count Rises by 14, Hedge Funds Pile Into Short Positions
The number of rigs drilling for oil rose by 14 last week even as crude prices remained depressed. Hedge funds made a big move back into short positions after several weeks of building up…
Why Vivint Solar Earnings Are Shining Bright
Vivint Solar reported mixed fourth-quarter financial results after the markets closed on Thursday, but shares were up on Friday.
Solaris Oilfield Files for IPO
Solaris Oilfield Infrastructure has filed with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering.
Natural Gas Price Dips on Smaller-Than-Expected Storage Draw
U.S. natural gas stockpiles dropped by 53 billion cubic feet last week, slightly less than analysts had expected. Stockpiles are lower than last year at this time but remain above the five-year average.