Southeastern Asset Management, Inc. is getting aggressive against Chesapeake Energy Corporation (NYSE: CHK). This is no ordinary shareholder either: it is the largest listed shareholder. The new filing shows some 89,854,868 shares owned and/or…
As recently as last week it appeared that Carl Icahn’s Icahn Enterprises L.P. (NASDAQ: IEP) may not receive enough shares to complete his takeover of CVR Energy Inc. (NYSE: CVI). Those doubts were put…
As of about 9:30 this morning, Brent crude is trading at its lowest price in three months, and the price differential between Brent and WTI crude closed to about $12/barrel last week before widening…
The widely followed Lundberg Survey showed that gas prices fell 6.75 cents to $3.8452 a gallon for the average price of regular based on national samples. The data for was the period which ended…
US demand for natural gas dropped this winter leading to near-record levels of storage and historically low prices. For natural gas utilities, this was not such good news. For power generators that were able…
Gasoline prices have stopped falling, at least for a day. The AAA Fuel Gauge report showed the cost for a gallon of regular based on the national average was $3.802. That is statically flat…
Chesapeake Energy Corporation (NYSE: CHK) has confirmed what many investors probably should have been expecting in relation to the recent CEO double-dip dealing of Aubrey McClendon. Chesapeake issued a notice that the company and…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 28 billion cubic feet, slightly below the 31 billion cubic feet increase that analysts had expected. Natural…
At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range and that OPEC is…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 2.8 million barrels last week, bringing the total US commercial crude inventory to 375.9…
Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) reported first quarter results after the markets closed yesterday. The company missed the headline numbers, but that’s not the company’s biggest problem. That would be CEO…
Aubrey McClendon, chairman and CEO of Chesapeake Energy Corp. (NYSE: CHK), will relinquish his chairman’s role as soon as the company’s boards appoints a new non-executive chairman. The announcement said only that a new…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
Energy Transfer Partners L.P. (NYSE: ETP) announced this morning that it will acquire Sunoco Inc. (NYSE: SUN) in a cash and common unit deal worth $5.3 billion. The transaction gives ETP an entry into…
Shares of solar PV maker LDK Solar Co. Ltd. (NYSE: LDK) are pointed toward a new 52-week low today following the company’s report on its fourth quarter 2011 earnings. The company had delayed the…