LDK Implodes (LDK, FSLR, TSL, STP, JASO, YGE)
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…
Energy
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Newest first · Page 373Gas Prices Continue Decline
Gas prices continued to slip, but that may not last long. Oil has reversed its sell-off. According to AAA Fuel Gauge, a gallon of regular based on the average price across the country was…
Chevron Follows Conoco, Exxon on Production Declines (CVX, COP, XOM)
courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) is the last of the big three US integrated oil companies to report first quarter earnings, and the first to show a profit gain compared with the…
America’s Cities with the Cleanest Air
For the fifth year in a row, air pollution in the United States has declined, according to a new study by the American Lung Association. Despite the fact that the manufacturing industry and the…
Chesapeake Gas Well Blow-out in Wyoming Leads to Evacuations (CHK, CEO, HAL)
About 70 people have been evacuated from an area within a 5-mile radius of a natural gas well about 10 miles northeast of Douglas, Wyoming, has been leaking mud and natural gas since late…
Big Deal in the Propane Business (SPH, NRGY, APU, FGP)
There could be a new big dog in the propane distribution business soon, following this morning’s announcement by Suburban Propane Partners LP (NYSE: SPH) that it has reached an agreement to acquire the propane…
Natural Gas Inventories Rise Moderately, Prices Higher
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 47 billion cubic feet, just slightly above the 45 billion cubic feet increase that analysts had expected.…
Chesapeake’s Board Reluctantly Steps Up (CHK)
The board of directors of Chesapeake Energy Corp. (NYSE: CHK) has “determined that it does not intend to extend the company’s Founder Well Participation Program (FWPP) with its chief executive officer, Aubrey K. McClendon,…
Exxon Stumbles on Production, Higher Costs (XOM, CVX, COP, BP, TOT, CHK)
coutesy of Exxon Mobile Corp.The world’s largest publicly held energy company, Exxon Mobil Corp. (NYSE: XOM), was not expected to post first quarter EPS that matched last year’s first quarter. The same was true…
Gas Price Retreats
Gas prices and futures indicate that the price of a gallon of regular based on the national average may never reach $4. As a matter of fact, the number may drop back to $3.50.…
Chevron Already One-Ups Exxon On Dividend Hike Game (XOM, CVX)
courtesy of Chevron Corp.When we saw that Exxon Mobil Corporation announced a 21% hike to its dividend this morning, we figured it would still be a ways out before Chevron Corporation (NYSE: CVX) followed…
Crude Oil Prices Could Move Lower
Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman views the increase as…
Exxon Mobil Joins Dividend Hikes… Upside In High Oil Prices (XOM, CVX)
coutesy of Exxon Mobile Corp.Exxon Mobil Corporation (NYSE: XOM) is confirming exactly what an earlier report predicted earlier this week. Dow Jones had a report that the DJIA components would raise their dividends again…
US Petroleum Inventories Rise, Imports Rise Modestly
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 4 million barrels last week, bringing the total US commercial crude inventory to 373…
Baker Hughes, Weatherford Continue Winning Streak for Oilfield Services Companies (BHI, WFT, HAL, SLB, NOV, CHK, OIH)
The oilfield services companies are on a roll. Well, sort of. Expectations had been lowered so much coming into this earnings season that every one is able to clear the lowered bar. Baker Hughes…