North American Drilling Rig Count Falls
Baker Hughes Incorporated (NYSE: BHI) has announced that despite the rise in oil prices, its count on rigs fell in the last week. The services firm reported that the North American rig count totaled…
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Newest first · Page 359Will Tropical Storm (or Hurricane) Ernesto Pose More Offshore Oil Rig Threats?
The National Hurricane Center has been tracking Tropical Storm Ernesto and the latest advisory shows Ernest moving westward at 18 knots. The current advisory shows a slowing of its advance but a strengthening due…
Dividend (Distribution) Investors Need to Watch for More MLP Secondary Offerings (KYN, EPD, KMR, PAA, AMJ, AMLP)
Kayne Anderson MLP Investment Company (NYSE: KYN) is a closed-end investment fund that invests exclusively in the realm of Master Limited Partnerships with the focus almost being entirely in various aspects of the oil…
Despite Gains, ‘Strong Sell’ Downgrade Seen in First Solar
What is worse than when an analyst issues a “Sell” rating? Not much, but how about this… A “Strong Sell!” S&P Capital IQ has ratings ranging from “Strong Sell” as the worst rating all…
Has American Superconductor Turned the Corner?
American Superconductor Corp. (NASDAQ: AMSC), a provider of products for the wind and power grid markets has suffered through a nasty stretch during the past 18 months following the refusal of the company’s biggest…
Margins Lift Refiners as US Crude Production Rises
Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, following in the wake…
Natural Gas Inventories Rise, Price Falls Sharply
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 28 billion cubic feet, higher than the 23 billion cubic feet that analysts were expecting. Natural…
Reality Check: First Solar May Have Saved Solar Sector
What happens when you get an industry leader reporting earnings that are nowhere close to as bad as the market thought after a 90% drop in the share price? Not only does that sector…
Apache Net Income Dives 73%
Apache Corp. (NYSE: APA) reported second-quarter adjusted earnings per share (EPS) of $2.07 on $3.97 billion in revenue before markets opened this morning. Adjusted EPS was 36% lower than last year’s $3.22, and revenue…
The 11 States with the Highest Gas Prices
Did your recent trip to the gas station feel like it took a higher toll than normal on your wallet? It probably wasn’t your imagination. Average gasoline prices in the United States increased by…
First Solar Finds Salvation With Raised Guidance
First Solar, Inc. (NASDAQ: FSLR) is finding some redemption after its earnings report. The U.S. solar giant has reported earnings of $1.27 EPS on $957 million in revenues for its second quarter. Thomson Reuters…
Crude Inventories Fall Sharply, Price Rises Slightly
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 6.5 million barrels last week, bringing the total U.S. commercial crude inventory to 373.6…
Phillips 66 Jumps on Strong Refining Margins
Phillips 66 (NYSE: PSX) reported second-quarter earnings of $1.86 per share and $47.83 billion in revenue before markets opened this morning. Earnings per share (EPS) rose from the year-ago total of $1.64, and revenue…
Canadian Solar Shows Glide Path for First Solar Earnings
Wall St. is willing to take even the slightest bit of good news as great news when it comes to the battered and beaten solar sector. The earnings report from Canadian Solar Inc. (NASDAQ:…
Valero Beats Estimates, Will Study Spin-Off of Retail Business
Valero Energy Corp. (NYSE: VLO) reported second-quarter earnings per share (EPS) of $1.50 on $34.66 billion in revenue this morning. EPS was up sharply from $1.31 in the same period a year ago, and…