WPX Tapping Public Markets to Pay for RKI Acquisition
Tuesday morning, WPX Energy announced a definitive merger agreement with privately held RKI Exploration & Production for a total payment of $2.75 billion.
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Newest first · Page 224Is a $2.5 Billion Stock Buyback the Best Valero Can Do?
Oil refiner and ethanol maker Valero Energy announced Tuesday morning that its board of directors approved an increase of $2.5 billion to its stock repurchase program.
MPLX, MarkWest Merger Gets Lukewarm Reception from Investors
Marathon Petroleum announced Monday morning that MPLX will acquire MarkWest Energy Partners in a deal worth about $20 billion.
OPEC Forecasts Crude Oil Demand Growth for 2015 and 2016
OPEC released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth to 1.28 million barrels a day.
Jefferies Has 3 Favorite Natural Gas Stocks
While Jefferies cuts its natural gas forecasts, the firm prefers natural gas over oil stocks as there is increasing demand and production looks to have peaked in March.
Short Sellers Become More Selective in Major Oil
It just so happens that some of the latest short interest readings for major oil companies are backing off of highs, while others are attempting to push new highs.
6 Oil and Gas Stocks Analysts Want You to Buy Now
With the oil and gas sector having fallen so hard in the past year, many long-term investors have been searching for oversold stocks and hidden value where they can find solid upside in the…
US Adds More Oil Rigs Despite Low Crude Prices
In the week ended July 10, the number of rigs drilling for oil in the United States climbed to 645, according to the latest Baker Hughes North American Rotary Rig Count.
Shareholder Lawsuit Against Petrobras to Proceed
Petrobras said Friday morning that a federal judge in New York dismissed some but not all the claims in the suit and that the trial will begin no later than February 1, 2016.
What Schlumberger and Kinder Morgan Earnings Will Mean for Oil Sector
Among the more interesting earnings reports due next week are those from two leading energy sector players: Schlumberger and Kinder Morgan.
IEA Expects Global Demand Drop
The International Energy Agency (IEA) expects a perfect storm will push down oil prices. That is good news for the U.S. economy.
3 Top MLPs for Rising Interest Rates
After a large sell-off that started last summer, the energy master limited partnerships may be of some interest. Credit Suisse is backing a trade within the sector.
Natural Gas Price Slumps as Inventory Swells
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased more than expected for the week ending July 3.
4 Defensive Oil Exploration and Production Stocks to Buy Now
When you combine a sell-off in oil with a big market sell-off, you have the makings of either a disaster or an opportunity.
Is ConocoPhillips Now Grossly Undervalued?
Despite crude oil prices falling to the low $50 range, ConocoPhillipsis still making a good impression on analysts.