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Big Inventory Boost Sends Crude Price Tumbling

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 4.1 million barrels last week, bringing the total U.S. commercial crude inventory to 376.4…

Paul Ausick · 14 years ago

Natural Gas Prices Rise Following Inventory Data

thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 127 billion cubic feet last week, slightly higher than the decline of 122 billion cubic feet anticipated by analysts.…

Paul Ausick · 14 years ago

Linn Energy Acquires Berry Petroleum for $2.5 Billion

ThinkstockLinn Energy LLC (NASDAQ: LINE) and its subsidiary LinnCo LLC (NASDAQ: LNCO) announced this morning that the two companies have signed a definitive merger agreement with Berry Petroleum Co. (NYSE: BRY) under which the…

Paul Ausick · 14 years ago

Chesapeake Beats on Top, Bottom Lines

ThinkstockChesapeake Energy Corp. (NYSE: CHK) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the oil and gas exploration and production company posted adjusted earnings per share (EPS) of…

Paul Ausick · 14 years ago

Tesla Results Mixed on Lower Shipments

Courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) reported fourth quarter and full year 2012 earnings after markets closed today. For the quarter, the electric car maker posted an adjusted diluted earnings per share…

Paul Ausick · 14 years ago

Devon Energy to Take Another Look at MLP Spinoff

ThinkstockAmong the companies hit hard by the sudden impact of hydraulic fracturing technology and the subsequent boom in U.S. natural gas production, one of the hardest hit was Devon Energy Corp. (NYSE: DVN), which…

Paul Ausick · 14 years ago

Chinese Overseas Oil Production Booming

ThinkstockIf a country spends $92 billion in three years to get its hands on energy resources outside its borders, then what is a good return on that investment? That is how much China’s massive…

Paul Ausick · 14 years ago

Keystone XL: Why It Will Go Ahead

ThinkstockJen Alic of Oilprice.com Both the protest movement against Keystone XL and the industry attempt to prove that Americans want it, are irrelevant: Keystone is set in stone and nothing indicates this more clearly…

Mike Sauter · 14 years ago

Chesapeake CYA Board Review Exonerates McClendon

thinkstockChesapeake Energy Corp. (NYSE: CHK) has been the subject of many media and shareholder attacks after the news of well participation by co-founder Aubrey McClendon surfaced in 2012. Prior to that, things had been…

Jon C. Ogg · 14 years ago

Harvest Natural Implosion

ThinkstockUsually you only see biotechs and other companies have overnight share price drops of 40% or so. Usually does not apply to Harvest Natural Resources Inc. (NYSE: HNR) this Wednesday. The independent oil and…

Jon C. Ogg · 14 years ago

What’s Behind the Rally in Solar Stocks

ThinkstockOver the past three months, the poorest performing solar stock has increased by more about 53% and the best performing stock is up about 235%. So far, analysts’ price targets on the stocks have…

Paul Ausick · 14 years ago

The Six States (and D.C.) With the Highest Gas Prices

ThinkstockGasoline prices have risen more than 13% during the past month, and the chance that the average price per gallon nationwide could reach $4.00 has become a real threat again. AAA’s Fuel Gauge statistics…

Douglas A. McIntyre · 14 years ago

Another Big Long-Term Bullish Prediction for MLPs

ThinkstockIf your investment objective relies heavily on income-paying assets and dividends, chances are good that you have either ventured into the realm of master limited partnerships (MLPs). If you haven’t, chances are high that…

Jon C. Ogg · 14 years ago