East Coast Refineries Returning
courtesy BP plcNow that Hurricane Sandy has run its course, oil refineries on the East Coast are either returning to service or making preparations to do so. The NuStar Energy LP (NYSE: NS) 74,000-barrel…
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Newest first · Page 345Phillips 66 Profit Beats, Revenues Light
courtesy Phillips 66Phillips 66 (NYSE: PSX) reported third-quarter 2012 earnings this morning. The oil refiner and marketer posted adjusted diluted earnings per share (EPS) of $2.97 on revenues of $43.91 billion. In the same…
BP Raised Dividend, Beat on Earnings and Revenue in Monday Report
courtesy of BP plcBP PLC (NYSE: BP) reported third-quarter 2012 results in London on Monday morning. The oil supermajor posted adjusted diluted earnings per ADS of $1.63 on revenues of $90.6 billion. In the…
Biofuel Maker Posts Loss, No Operating Revenue (GEVO, DD, BP)
Gevo Inc. (NASDAQ: GEVO) reported third quarter 2012 results this afternoon. For the quarter, the biofuel maker posted an adjusted diluted earnings per share (EPS) loss of $0.31 on a mere $562,000 revenues. In…
Valero’s Margins Get Squeezed
ThinkstockValero Energy Corp. (NYSE: VLO) reported third-quarter 2012 earnings this morning. The oil refiner and marketer posted adjusted diluted earnings per share (EPS) of $1.90 on revenues of $34.73 billion. In the same period…
Refinery Impacts from Hurricane Sandy
There are six large oil refineries in the path of Hurricane Sandy, and as of last night two were closed. The Phillips 66 (NYSE: PSX) refinery and the Hess Corp. (NYSE: HES) refinery in…
BP Raises Dividend, Beats on Earnings and Revenue
courtesy of BP plcBP PLC (NYSE: BP) reported third-quarter 2012 results in London earlier this morning. The oil supermajor posted adjusted diluted earnings per ADS of $1.63 on revenues of $90.6 billion. In the…
Sandy Forces Refinery Shutdowns (PSX, HES, DAL)
We noted earlier this morning the possibility that crude oil refineries would either be forced to reduce production or shut down completely as Hurricane Sandy moves toward the coast and on inland. Those reports…
Offshore Drillers: Value in the Water (SDRL, RIG, ESV, DO, NE)
There are easier ways to make a living than drilling for oil and gas in hundreds or thousands of feet of water, but the rewards can more than repay the risk. We’ve taken a…
Almost Free Gasoline: Sort of, Maybe
A British company called Air Fuel Systems is working on a process to use the carbon dioxide in the atmosphere to make gasoline. The process funnels the carbon dioxide in the air through a…
MPLX IPO Off to a Strong Start
MPLX L.P. (NYSE: MPLX), a subsidiary of Marathon Petroleum Corp. (NYSE: MPC), began trading today. The company had priced its initial public offering of 17,300,000 common units at $22 a piece. Underwriters were granted…
Oil Sands Crude Prices Falling Off the Table (TRP, PSX)
Just as WTI crude trades at a discount to Brent crude, so too does crude for Canada’s oil sands (called Western Canada Select) trade at discount to WTI. The WTI-Brent spread is about $22…
Natural Gas Inventories Rise as Expected, Price Falling
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 67 billion cubic feet, matching the build that analysts were expecting. Natural gas futures prices were…
Short Interest: Oil and Gas Services Look Good to Short Sellers (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)
We have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron Corp. (NYSE: CVX), ConocoPhillips…
Short Interest: Solar Stocks at the Bottom? (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
In general, the relatively small increases in short interest in solar stocks during the during the two weeks to October 15 indicates that there is probably not a lot of room left at the…