MLP Unit Merger, Higher Dividends From The Parts
ThinkstockShares of Crosstex Energy Inc. (NASDAQ: XTXI) are up more than 60% in the early afternoon on Monday and common units of Crosstex Energy LP (NASDAQ: XTEX) are up more than 35% following the…
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Newest first · Page 305Gains Continue in U.S. Crude Supply
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Monday morning for the week ending October 11. The agency did not report petroleum status last week due to the federal government…
J.P. Morgan Sees Solid Earnings from Big Integrated Oil Stocks
ThinkstockThe big North American integrated oil and major oil-producing stocks will begin to release their quarterly results on October 24. The research team at J.P. Morgan Chase & Co. (NYSE: JPM) are forecasting an…
Halliburton Earnings Fail to Impress Investors
ThinkstockHalliburton Co. (NYSE: HAL) reported third-quarter 2013 results before markets opened Monday morning. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.83 on revenues of $7.5 billion. In…
Another Oil Train Derails, Burns in Canada
ThinkstockA Canadian National Railway Co. (NYSE: CNI) derailed and four cars carrying crude oil and nine cars carrying liquefied petroleum gas (LPG) caught fire about 50 miles west of Edmonton, Alberta, early Saturday morning.…
Baker Hughes Earnings Push Shares to Two-Year High
ThinkstockBaker Hughes Inc. (NYSE: BHI) reported third-quarter results before markets opened Friday morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.81 on revenues of $5.79 billion. In…
Schlumberger Takes Aim at New 52-Week High on Earnings
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported third-quarter 2013 results before markets opened Friday morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $1.29 and revenues of $11.61 billion. In…
Merrill Lynch Raises Targets and Expectations on Its Top Oil and Energy Stocks to Buy
ThinkstockAs the push continues toward a more energy independent America, some of the leading energy names continue to make huge leaps in production and profitability. The analysts at Bank of America Merrill Lynch have…
API Reports Crude Inventory Soars
ThinkstockThe federal government shutdown hit the U.S. Energy Information Administration last Friday and the agency will not publish its weekly report on petroleum data nor its weekly natural gas storage report, both due tomorrow…
Crude Oil Inventories: Anybody’s Guess
ThinkstockThe U.S. Energy Information Administration (EIA) announced last Friday that it would close down due to “lack of appropriations,” government-speak for running out of money due to the federal shutdown. At least the agency…
Calls Begin for End to U.S. Ban on Crude Oil Exports
ThinkstockIt was only a matter of time. In the wake of the 1973 OPEC oil embargo, the U.S. enacted a law in 1975 that prohibits (with minor exceptions) exporting U.S. crude oil. But as…
Credit Suisse Sees Top MLPs Raising Distributions (Dividends) with Earnings
ThinkstockThe master limited partnerships (MLPs) earnings season is getting underway with some of the top names set to report earnings imminently. The MLP research team at Credit Suisse expects numerous positive catalysts to emerge…
German Competitiveness Threatened by High Energy Costs
ThinkstockFor many years Germany led the world in adding solar energy to its electricity generation capacity. The country’s goal was to deliver competitively priced energy to residents and industrial firms while at the same…
Why Demand Is Rising for Big Solar Projects
ThinkstockUtility-scale solar installations in the United States at the end of the third quarter were 15% higher than a year ago. As of the end of September, total new installations in the country rose…
Clean Energy Investment Slashed in Third Quarter
ThinkstockGlobal investment in the third quarter fell 14% sequentially to $49.5 billion according to Bloomberg New Energy Finance data. The decline virtually guarantees that annual investment in renewable energy will decline from spending of…