Iran-US Tensions Rise, So Do Oil Prices
Iran’s parliament yesterday introduced a bill that would direct the country’s military forces to block shipments of crude oil through the Strait of Hormuz if the destination of the shipment is one of the…
Energy
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Newest first · Page 363Gas Prices Flat
Gasoline prices in the United States have leveled for now, perhaps due to an increase in demand for the 4th of July week, which is nine days long due to the actual holiday landing…
East Coast Oil Refinery Will Not Close
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The Carlyle Group…
US Firm Hits Gas Find Off Israeli Coast
US oil & gas exploration and production company ATP Oil &Gas Corp. (NASDAQ: ATPG) announced this morning that the company’s Middle East subsidiary had successfully drilled a well offshore of Israel in 3,600 feet…
First Solar, Both Sides of the Coin: Bargain or Bust? (FSLR)
First Solar Inc. (NASDAQ: FSLR) is caught somewhere between a rock and a hard place. The solar player’s cost of production is above what the prevailing prices are and there are performance issues when…
Another Reason for Oil Prices to Rise
The International Energy Agency (IEA) claims three factors tend to cause significant shortages in oil production — technical problems, the weather and civil unrest. Unless the Iran oil embargo has been caused by some sort…
Analyst Again Pounds on First Solar’s Relevance
Axiom Capital’s Gordon Johnson is remaining negative on First Solar Inc. (NASDAQ: FSLR) as his comments made on CNBC were still very negative. Johnson has been very vocal against the company for quite some…
Gold, Oil Rising on Weak Dollar — and Something Else (USO, UGA, GLD, IAU, GDXJ, GDX)
We’ve already posted our opinions on the agreement which is expected to create a TARP-style program to prop up Europe’s weak banks. In our view, the proposal is not big enough and it doesn’t…
Can A Good New Chief Operating Officer Save First Solar?
First Solar, Inc. (NASDAQ: FSLR) had been trying to recover from its lows but its shares have stalled in recent days. Now comes news that the firm has hired Georges Antoun as the Chief…
Saudis Reopen Pipeline Bypassing Strait of Hormuz — Reuters
Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to the Iranian development of…
Another Shattering Secondary Offering for Renewable Fuels (PEIX, GEVO, BIOF, GPRE)
Ethanol producer Pacific Ethanol Inc. (NASDAQ: PEIX) is watching investors crush the company’s stock following this morning’s announcement of a secondary offering of 28 million units at a price of $0.43/unit. Each unit includes…
Natural Gas Inventories Rise, Price Move Up Sharply
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 57 billion cubic feet, above the 52 billion cubic feet increase that analysts had expected. Natural gas…
Bracing for a Wave of MLP Secondary Offerings (ETP, KMP, PAA, WPZ, OKS, QRE, BWP, EEP, AMJ, AMLP, KYN)
Pipeline partnership Energy Transfer Partners L.P. (NYSE: ETP) this morning priced a secondary offering of 13.5 million common units at $44.57/common unit, about -3% below last night’s closing price of $45.98. The company plans…
Biofuels Maker Collapsing on Secondary Offering (GEVO, DD, BP, CDXS, AMRS, SZYM, KIOR, BG)
Chemical and biofuels maker Gevo Inc. (NASDAQ: GEVO) announced this morning that it “intends to offer and sell, subject to market and other conditions, shares of its common stock and convertible senior notes due…
Exxon’s Natural Gas Confession Bad For All; Maybe An Earnings Warning? (XOM, CHK, BP, ECA, COP, DVN, EOG, APC, UPL, STR, UNG)
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice that prices…