Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the picture, as prices for…
When a CEO lays out good money to purchase shares of his company at market prices, that’s usually a positive signal to shareholders. Such is the case with Continental Resources Inc. (NYSE: CLR) this…
Investor Carl Icahn now holds about 80% of oil refiner and fertilizer maker CVR Energy Inc. (NYSE: CVI). Icahn held about 69% of the company before the close of his extended tender offer last…
For the past six years, the country that has produced the most oil (and liquids) has been Russia. Saudi Arabia has been second, until this past March according to data from the Joint Organization…
Late last Friday, credit rating firm Fitch Ratings downgraded the already low corporate credit rating of Chesapeake Energy Corp. (NYSE: CHK) from ‘BB’ to ‘BB-’. The firm also lowered its rating on Chesapeake’s preferred…
coutesy of Exxon Mobile Corp.Gas prices reached a three month low, according to the carefully watched Lundberg Survey. Prices nationwide for regular fell $3.7833 for the two weeks which ended May 19. This represented…
Baker Hughes Inc. (NYSE: BHI) has released its weekly rig counts and you might not even have noticed that oil had fallen if you looked solely at the higher rig counts. The company noted…
Gas and oil prices continued to sell down on worry that the problems of Europe could spread across the world and tip many nations back into recession. The trouble in Europe has also put…
MEMC Electronic Materials Inc. (NYSE: WFR) is at a point where a turnaround analysis and a valuation analysis just no longer matter. Having fallen from over $90.00 per share, the stock is now down…
Given the company’s horrible showing for the first quarter, the last thing MEMC Electronic Materials Inc. (NYSE: WFR) needed was to have a management shake-up. But that’s what the solar wafer maker got last…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 61 billion cubic feet, above the 50 billion cubic feet increase that analysts had expected. Natural gas…
Petroleo Brasileiro SABrazil’s state-controlled energy giant Petroleo Brazileiro SA (NYSE: PBR), better known as Petrobras, had its best quarter in nearly two years in the first quarter of 2012. The company’s improved performance reflected…
The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected. The rise came to +2.128 million barrels of crude oil to 381.64 million…
WTI crude reached a six month low, which is positive for nearly everyone other than the oil and gas industry. the price moved below $92, down from close to $110 less than 90 days…
Ratings agency Standard & Poor’s this morning lowered the corporate credit rating of Chesapeake Energy Corp. (NYSE: CHK) from ‘BB’ to ‘BB-’, and put the company on negative credit watch. Two Chesapeake subsidiaries, Chesapeake…