Russian Shareholders Withdraw Suit Against BP
Before BP PLC (NYSE: BP) agreed to sell its 50% stake in Russia-based oil company TNK-BP, the company tried to negotiate an alliance with eventual acquirer Rosneft. That did not work out, and it…
Energy
All Energy Articles
Newest first · Page 340LDK Narrows Loss, Offers Weak Outlook
LDK Solar Co. Ltd. (NYSE: LDK) reported third-quarter 2012 results before markets opened this morning. The solar PV maker reported a diluted earnings per American depositary share (ADS) loss of $1.08 on revenues of…
Gulf of Mexico Lease Sale Draws Little Attention
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) on Wednesday held a lease sale for approximately 21 million acres of US outer continental shelf open for development in the western Gulf…
Petrobras Kills Order for Five Drill Ships
Brazil’s state-controlled oil giant Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, announced today that it was cancelling an order for five new drill ships that had been placed with Ocean Rig UDW Inc. (NASDAQ:…
ReneSola Delivers More Bad News
ReneSola Ltd. (NYSE: SOL) reported third-quarter 2012 results before markets opened this morning. The solar PV maker reported a diluted per-share loss of $0.46 on revenues of $218.2 million. In the same period a…
Oil Erases Losses for the Week
Crude oil has finally managed to break a three day losing streak and was back above $88 per barrel. Today’s gain may be nothing more than an oversold bounce, but there are some bullish…
Natural Gas Inventory Rises Slightly, Price Dips Sharply
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 4 billion cubic feet, slightly more than the 9 to 13 billion cubic feet withdrawal that…
Hercules Offshore Gets a Boost
Services and drilling company Hercules Offshore Inc. (NASDAQ: HERO) recently received some positive comments from two analysts, including an upgrade to Outperform today from Stephens. The company, mostly a shallow-water driller, also published its…
Tesla Raising Prices on Electric Model S Sedan
Today’s press release from Tesla Motors Inc. (NASDAQ: TSLA) indicates that the company is setting its new price targets for the Tesla Model S sedan. It is actually a price hike on the car.…
Crude Supply Down Slightly, Gasoline Inventory Soars
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories declined by 300,000 barrels last week, bringing the total US commercial crude inventory to 374.1 million…
U.S. EPA Suspends New Contracts for BP
courtesy of BP plcThe U.S. Environmental Protection Agency (EPA) this morning announced that it has temporarily suspended BP PLC (NYSE: BP) and its affiliated companies from new contracts with the federal government. The suspension…
JA Solar’s Results Bad but Not Awful
ThinkstockJA Solar Holdings Co. Ltd. (NASDAQ: JASO) reported third-quarter 2012 results before markets opened this morning. The China-based solar panel maker reported a net loss per American depositary share (ADS) of $0.30 on revenues…
Refiners Still in Focus for Shorts (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)
ThinkstockWe have tracked the key short interest changes as of November 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron…
Shorting Solar Stocks No Longer the National Pastime (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
flickr / walmartcorporateWe have tracked the short interest in the following North American Solar companies as of November 15: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ:…
EPA Approval Bumps Up Clean Diesel’s Shares
ThinkstockShares of Clean Diesel Technologies Inc. (NASDAQ: CDTI) are up sharply this morning following verification of the company’s Purifilter emissions reduction system for diesel engines by the U.S. Environmental Protection Agency. Shares have nearly…