DOE Oil Inventories Cause Reaction (USO, UGA, PSX, VLO, OIH)
The Department of Energy is out with its weekly oil and gasoline inventory data and we saw a slight drop in the crude with a slight gain in gasoline inventories. Weekly DOE crude oil…
Energy
All Energy Articles
Newest first · Page 364Are the Bahamas at Risk as Oil Companies Start Drilling in the Area?
Mention the Bahamas to most people and you’ll get a sigh, followed by imagined images of a tropical paradise surrounded by azure waters. That romantic image may be about to change, perhaps for good.…
LDK Tumbles on Weak Results (LDK, STP, TSL, JASO, YGE)
It’s hard to say that things got worse for solar panel makers today, but it’s easy to say that things did not get better. LDK Solar Co. Ltd. (NYSE: LDK) reported results the first…
EIA Expects Oil Demand to Rise to 109.5 Million Barrels/Day by 2035
The US Energy Information Administration today published its Annual Energy Outlook for 2012, which includes the agency’s projections for energy use through 2035. The AEO, as its called, also includes projected energy use electricity…
LINN Tries Unlocking Value With LinnCo IPO
LINN Energy, LLC (NASDAQ: LINE) has filed a registration statement with the Securities and Exchange Commission for its Linn Co, LLC subsidiary. The move will allow for an initial public offering of common shares…
Chesapeake, Encana Bid-rigging Revealed — Reuters (CHK, ECA)
The troubles for Chesapeake Energy Corp. (NYSE: CHK) just keep rolling in. It seems that after one rock gets turned over and something shady has been revealed, the effort to turn over more rocks…
Price Hike Too Weak For Petrobras, Shareholder Loss Still Exceeds BP Losses
Petroleo Brasileiro SAPetroleo Brasileiro SA (NYSE: PBR), or Petrobras, may be raising its prices for fuel but the feeling is that the move might just not be enough to move the needle. Price hikes,…
US Gas Drilling Slowdown Hits Supplier (KEX, BHI, XOM, CHK, EOG, RRC)
A major supplier of the engines and transmissions that drive the hydraulic fracturing (fracking) at US oil and gas wells announced this morning that it is reducing its second quarter and full year guidance.…
Maybe Not $3 Gas
Robert Murray http://www.geograph.org.uk/photo/1449653Four months ago, it was inconceivable that gasoline prices could dip to near $3 a gallon. Most experts expected high oil prices to guarantee a price of $4 for a gallon of…
Forest Oil Dumps CEO; Shares Pop (FST, LPR)
Independent oil & gas producer Forest Oil Corp. (NYSE: FST) replaced its CEO this morning with an interim chief executive from its own board of directors. The departing CEO, H. Craig Clark, had been…
A Welcome Wagon Boost For First Solar
First Solar Inc. (NASDAQ: FSLR) has been battered and left for dead. Interestingly enough, the latest news flow has not been as bad and with shares above $14.50 the recovery is around 25% from its…
Harvest Sells Venezuelan Assets — What’s Left? (HNR)
Independent oil & gas company Harvest Natural Resources Inc. (NYSE: HNR) today announced the sale of its Venezuelan assets to Pertamina, the national oil company of Indonesia, for $725 million in cash. The company…
A New Form Of An MLP IPO
Susser Holdings Corporation (NASDAQ: SUSS) is not very well known by the public, but it is about to become a special situation investment due to a new announcement. The company operates convenience stores in…
Energy Producer to Expand Capex Spending $600 Million (ECA, BHI, HAL, SLB, GST, EOG, GDP, CHK)
Canadian-based oil & gas producer Encana Corp. (NYSE: ECA) announced today that it planned to expand its 2012 capital spending budget by $600 million in order for the company “to take advantage of positive…
New Chairman, Directors at Chesapeake
Chesapeake Energy Corp. (NYSE: CHK) announced this morning that the new independent, non-executive chairman of the company’s board of directors will be Archie W. Dunham, former chairman and CEO of ConocoPhillips (NYSE: COP). Dunham…