Is a Stock Buyback the Best Thing Baker Hughes Can Do Now?
Baker Hughes said Monday that it intends to buy back $1.5 billion in its shares, along with $1 billion in debt.
Baker Hughes said Monday that it intends to buy back $1.5 billion in its shares, along with $1 billion in debt.
A new RBC research report highlights three MLPs that cut distributions recently, and all three immediately traded much higher as investors actually saw the positives in the cuts.
While the average U.S. price for a gallon of regular gas last week jumped eight cents, folks living in Nebraska's Dakota and Dixon counties saw pump prices soar by 30 cents a gallon.
The second- and third-largest oilfield services companies in the world officially ended their merger agreement late Sunday.
National Oilwell Varco cut its dividend to conserve capital and fired 6,000 workers in the first quarter with plans to shave even more later this year.
In addition to posting a big miss on revenues, First Solar said that CEO Jim Hughes is leaving the company and being replaced by CFO Mark Widmar.
In the week ended April 29, the number of rigs drilling for oil in the United States dropped to 332, according to the Baker Hughes North American Rotary Rig Count.
Brent crude oil for July delivery traded as high as $48.29 on Friday before dropping to below $47 a barrel.
A recent Jefferies research report highlighted five stocks that the firm feels are best positioned for what could be a huge run up in natural gas over the next year and a half.
Chevron reported mixed first-quarter results, lower capital spending before markets opened Friday.
The average price for a gallon of regular gasoline reached $2.20 recently, up from $2.04 a month ago and $2.56 a year ago.
Exxon Mobil reported better-than-expected first-quarter 2016 results before markets opened Friday morning.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased more than expectedc for the week ending April 22.
ConocoPhillips (NYSE: COP) reported mixed first-quarter 2016 results before markets opened Thursday morning.
Jefferies analyst Jon Wolff has examined the natural gas market, and he believes we could see a sharp rise in the spot pricing for the commodity over the next year.