ThinkstockThe world’s largest oil field services firm, Schlumberger Ltd. (NYSE: SLB) issued an update on fourth-quarter operations that lowers the company’s earnings per share (EPS) forecast by $0.05 to $0.07 per share. The terse…
ThinkstockAfter a tortured pricing process, solar PV installer SolarCity Corp. (NASDAQ: SCTY) completed its IPO today, with 11.5 million shares offered at $8 a share. The IPO price was well below the initial range…
ThinkstockAt an investor conference this morning, the CEO of Phillips 66 (NYSE: PSX) that the company will commit some of its oil and gas transportation (midstream) assets to the formation of a new master…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of just 2 billion cubic feet last week, inline with an expected increase of 4 billion cubic…
flickr / walmartcorporateSolar PV installer SolarCity Corp. was scheduled to hold its IPO today, offering 11.5 million shares in a price range of $13 to $15 a share. That didn’t work out too well.…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 800,000 barrels last week, bringing the total US commercial crude inventory to 372.6 million…
ThinkstockLDK Solar Co., Ltd. (NYSE: LDK) is still facing liquidity issues. The Chinese solar player said on Wednesday that it has engaged Citigroup to assist in discussions with creditors. Its press release said, “We…
ThinkstockWe have tracked the key short interest changes as of November 30 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron…
ThinkstockWe have tracked the short interest in the following North American Solar companies as of November 30: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), MEMC…
ThinkstockMost OPEC leaders said they plan to keep oil production unchanged in the new year. Demand may be off because of slowing economies around the world. That means crude prices may have a ways…
thinkstockA 36-inch natural gas pipeline exploded shortly before 1:00 p.m. in Sissonville, West Virginia, which is located about 15 miles north of the state capital, Charleston. No injuries or fatalities have been reported by…
ThinkstockIn its monthly Short-term Energy Outlook (STEO) published today, the U.S. Energy Information Administration (EIA) said it expects the net import share of U.S. oil consumption to drop to 40% in 2012, down from…
thinkstockThe initial public offering of SolarCity Corporation is expected to price this week. It could price as soon as Tuesday night. What is interesting is that this offering could actually really offer a much needed boost…
ThinkstockThe U.S. trade deficit, also known as the international trade balance, rose by 4.9% to $42.24 billion in October. The Commerce Department reported that the September trade deficit was revised slightly lower to $40.28…
ThinkstockKinder Morgan Energy Partners L.P. (NYSE: KMP) announced this morning that it has sold its stake in the Express-Platte pipeline system to Spectra Energy Corp. (NYSE: SE) for about $380 million before taxes. Kinder…