Coal Miner Issues Profit Warning
Coal miner Consol Energy Inc. (NYSE: CNX) this morning said that the company would report a net loss for the third quarter that ended on September 30. The company’s CFO said: While precise figures…
Energy
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Newest first · Page 348Full Steam Ahead for Suezmax Tankers, Thanks to Iran Sanctions
It has not been a good year for super tankers, what with sanctions on Iran and the US shale boom that has resulted in reduced demand for cargo transport and a glut of vessels.…
Linn Energy Completes Spin-Off Below Expected Range
Independent oil and gas company Linn Energy LLC (NASDAQ: LINE) today priced an IPO of its wholly owned subsidiary LinnCo LLC (NASDAQ: LNCO) at $36.50 per common share. The company had earlier said that…
Shell Seeks to Export U.S. Crude
Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports are prohibited without a…
IEA: More Oil Available, but More Risk Too
courtesy International Energy AgencyIn its Medium-Term Oil Market Report released today, the International Energy Agency (IEA) estimates that demand for crude will rise by 1.1 million barrels a day in each of the next…
Chesapeake Puts Out Another For Sale Sign
courtesy Chesapeake Energy Corp.Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) has listed for sale leases on 28,360 net acres of its Granite Wash play in western Oklahoma. According to the listing, the company…
SandRidge Energy: Plenty of Value Potential
Over the past year, SandRidge Energy Inc. (NYSE: SD) shares are up more than 12%, and based on today’s price and the consensus target price, the company sits on an implied gain of about…
Canada to Study Cnooc Deal for Another 30 Days
Canada today said it would extend its review of the $15.1 billion bid by Cnooc Ltd. (NYSE: CEO) for Canada’s Nexen Inc. (NYSE: NXY). The delay was already baked into the timeline for approval…
Crude Oil Supplies Rise, Prices Steady
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 1.7 million barrels last week, bringing the total US commercial crude inventory to 366.4…
Natural Gas Inventories Rise Less than Expected, Prices Up
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 72 billion cubic feet, somewhat lower than the 80 billion cubic feet that analysts were expecting.…
Short Interest: Refiners Get Most of the Action in Oil and Gas Stocks (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 Pick Up Some Ground (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
We tracked the short interest in the following North American Solar companies: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), MEMC Electronic Materials Inc. (NYSE: WFR)…
A Trade War with China Is Brewing?
The trade and business battles between China and the United States were ratcheted up again as the American government set tariffs on China made solar panels that will be as high as 30%. The action comes…
California Refinery Sale Under Fire (BP, TSO, CVX, MPC)
In August BP plc (NYSE: BP) announced that it would sell its Carson, California, refinery to Tesoro Corp. (NYSE: TSO) for $2.5 billion. The sale was part of BP’s effort to shed $38 billion…
Colder Winter Forecast Means Higher Heating Bills
The U.S. Energy Information Administration (EIA) today released its forecast for U.S. heating requirements for the coming winter and the news will hit consumers right in the wallet. The agency expects heating demand to…