Gas Prices Move Toward $1
Organizations that follow gas prices say that less than $2 a gallon gas will be routine around the United States. Already, more than a third of states have prices below $2.
Energy
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6 Oil, Gas and Alternative Energy Stocks Analysts Want You to Buy Now
These are some of this week's top analyst calls in oil, gas and alternative energy, but investors need to keep in mind that the energy patch is no safe haven today.
US Oil Rig Count Drops by 10; Short Positions Likely to Rise This Week
In the period ended December 4, the number of rigs drilling for oil in the United States totaled 545, according to the Baker Hughes North American Rotary Rig Count.
OPEC Does Nothing — Again
OPEC's strategy of maintaining market share regardless of price continues to cut new exploration and development budgets in the United States and has begun to slow U.S. production.
Kinder Morgan Tries to Set the Record Straight for 2016
Kinder Morgan said that its latest calculations indicate that it will generate distributable cash flow of "slightly over" $5 billion in 2016.
Why Oppenheimer Wants to Chase Warren Buffett in Phillips 66
Phillips 66 has long been a staple of Warren Buffett's portfolio and it is now attracting the attention of an Oppenheimer analyst.
Huge Oil Sell-Off Is Opportunity to Buy 4 Companies That Should Survive and Thrive
The oil services trade is still a contrarian one, to say the least. The pain in the industry is not going away anytime soon, so sticking with the top names makes the most sense.
Ex-CEO of Massey Energy Convicted in Mine Deaths Case
The former CEO of Massey Energy, Don Blankenship, has been convicted in a West Virginia Federal District Court of conspiring to break mine safety regulations.
Why Kinder Morgan Just Took a Big Analyst Downgrade
Argus dropped its rating on Kinder Morgan stock from Buy to Hold, citing doubts about the company's ability to pay its dividend given recent earnings.
Natural Gas Price Remains Low as Warm Weather Cools Demand
The U.S. Energy Information Administration (EIA) reported that U.S. natural gas stocks decreased by 53 billion cubic feet for the week ending November 27.
Crude Oil Price Dives Below $41 a Barrel After Inventory Report
U.S. commercial crude inventories increased by 1.2 million barrels last week, according to the U.S. Energy Information Administration.
Solar Maker Yingli Posts Loss as Shipments Decline
Yingli Green Energy posted third-quarter fiscal 2015 results before markets opened on Wednesday morning.
SunEdison, TerraForm End $250 Million Deal, $4 Billion Overhang
SunEdison announced Wednesday morning that it has terminated a $250 million purchase of a 16% stake in Brazilian renewable energy firm Renova Energia.
TerraForm, SunEdison Blistered in Letter from David Tepper
Hedge fund Appaloosa Management's founder and president, David Tepper, has sent a blistering letter to the board of directors of TerraForm Power.
Schlumberger Outlines More Layoffs Ahead of Cameron Merger
Despite a transformation that already is underway, more layoffs are headed to Schlumberger's workforce.