Investors Flee as Kinder Morgan Closes $350 Million Acquisition
Kinder Morgan saw its share price sink more than 8% Monday morning due to the 5% drop in crude oil and to the closing of a $350 million acquisition.
Energy
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Why Jefferies Wants Investors to Buy 4 Top Energy Stocks Now
In a new research report, Jefferies analyst Jason Gammell now sees more upside than downside to oil from current levels, and he thinks oil could average $39 a barrel in the second half of…
Dominion Resources Expands Westward With Questar Acquisition
Dominion Resources announced Monday morning that it has reached an agreement to acquire Questar for a total of more than $4 billion.
Gas Falls Toward $1
The odds gas falls to a $1 gallon of regular no longer counts as a remote possibility. In some areas of the U.S., the dip creates odds which make that price more likely. The…
Oil Rig Count Drops by 12, Hedge Funds Add Short Positions
In the week ended January 29, the number of rigs drilling for oil in the United States totaled 498, according to the Baker Hughes North American Rotary Rig Count.
Gas Hits $3.99 in California
The decline in oil prices has not kept gasoline prices from being above $4 a gallon in some California locations.
PetroChina Warns on Earnings
PetroChina has filed a statement with Hong Kong authorities indicating that profits for the 2015 fiscal year are expected to fall by up to 70% from the previous year.
Petrobras Proved Reserves Fell 3 Billion Barrels in 2015
Petrobras reported Friday morning that its proved reserves as of the end of 2015 had dropped more than 3 billion barrels from the end of 2014.
Solar Stocks Get Boost From California Decision
The California Public Utilities Commission on Thursday approved the continuation of the state's net metering program until 2019.
Chevron Posts Surprise Q4 Loss
Chevron reported mixed fourth-quarter and full-year 2015 results before markets opened Friday morning.
Phillips 66 Earnings Suffer From Sharp Drop in Refining Margins
Oil refiner Phillips 66 reported fourth-quarter and full-year 2015 earnings before markets opened Friday morning.
Why Credit Suisse Issued a Dual-Upgrade on Kinder Morgan Now
Kinder Morgan received a very rare dual analyst upgrade on Thursday that essentially is calling a bottom.
Natural Gas Price Rises Following Large Inventory Withdrawal
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased more than expected for the week ending January 22.
Valero Earnings Signal Year-Ahead Issues for Refiners
Valero Energy reported fourth-quarter and full-year 2015 earnings before markets opened Thursday.
Short Interest Explodes in Major Oil Stocks
As of the January 15 settlement date, some of the latest short interest readings for major oil companies are backing off of highs, while others are attempting to push new highs.