Why Freeport-McMoRan Shares Leaped 10%
Gold, copper and oil producer Freeport-McMoRan Inc. (NYSE: FCX) traded as much as 10% higher Monday morning, and it is likely due to a confluence of modest improvements rather than a single big booster.…
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Gasoline Price Hits $5.99 in Florida
In Lake Buena Vista, Fla., gasoline cost as high as $5.99 a gallon. That may seem high, but there other locations around the country where the price of gas is at or above $5…
Gas Prices Inch Up, but Lowest Prices in Years Due This Summer
The national average price for a gallon of regular gasoline rose 1.3 cents in the past week to $2.22. The most common price is $1.99.
Moody’s Downgrades Saudi Arabia to A1
As the price of oil continues to batter the finances of exporting countries, Moody's downgraded petroleum power house Saudi Arabia, which not long ago was among the most financially stable countries in the world.
Does SolarCity Have Existential Risk?
SolarCity's first-quarter net loss was wider than analysts expected, but what really slammed the stock price was the company's guidance.
7 Oil and Gas Stocks Analysts Want You to Buy
Here are seven positive analyst upgrades or initiations from the energy sector during the week of May 14, with a bonus call at the end.
Oil Rig Count Drops by 10, Hedge Funds Raise Short Bets
In the week ended May 13, the number of rigs drilling for oil in the United States fell to 318, according to the Baker Hughes North American Rotary Rig Count.
Freeport-McMoRan Cancels Rig Contracts, Agrees to Pay $600 Million
Freeport-McMoRan on Friday announced that it had reached an agreement with Noble Drilling to cancel two drilling rig contracts.
Investors Cheer Sunrun’s Surprise Q1 Profit
Sunrun shares rose 10% in the wake of the company's first-quarter earnings report due in part to a surprise profit.
4 Exploration and Production Stocks to Buy for Continued Oil Recovery
Deutsche Bank analysts think it’s clear that at $50 a barrel, hedging and activity starts to increase, and they favor four companies for a continued moderate recovery in the energy sector.
Petrobras Posts Big Loss on Lower Production, Prices
Petrobras reported disappointing first-quarter 2016 earnings after markets closed on Thursday.
OPEC Crude Price Up 40% in 2016
In its Monthly Oil Market Report for May, OPEC noted that its price for its reference basket rose for a third consecutive month.
Chesapeake Issues More Stock to Pay Down Debt
Chesapeake Energy announced Thursday morning that it had agreed to issue more than 28 million shares of common stock in exchange for $153 million in outstanding debt.
Natural Gas Price Stays Flat Following Storage Report
U.S. natural gas stocks increased for the week ending May 6, but less than analysts were expecting.
Energy MLPs Should Hold Gains: 4 Top Stocks to Buy Now
While not the highest yielding MLPs, these are solid plays for investors looking to be in the sector, but not wanting to take undue risk.