US Natural Gas Price Falls to $2
The price of 1,000 cubic feet (or 1 million BTUs) of natural gas fell to $2 for the first time in more than 10 years today. In electronic trading, the current price is $1.98/thousand…
Energy
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Newest first · Page 376More Short Covering Bolsters First Solar & Peers (FSLR, EXC, SPWR, WFR, TAN)
First Solar, Inc. (NASDAQ: FSLR) has become Wall Street’s whipping boy and was recently considered the worst S&P performer over the last year. After shares recently were challenging $20.00, the stock would have almost…
Biggest Threat to US Economy? Oil Price Spike Caused by Iran
When 18 economists were asked to name the biggest threat to the recovering US economy, 9 answered that an oil price spike caused by a US-Iran confrontation is the most likely. Other contenders included…
US Petroleum Inventories Rise, Imports Drop
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by 2.8 million barrels last week, bringing the total US commercial crude inventory to 365.2…
India and U.S. Small Business Worry About Oil Prices
Economists continue to look for the tipping point at which oil prices begin to undermine gross domestic product. They got two more hints today. Each was from an entirely difference source, which makes them all the more…
Chevron Lifts Sequential Earnings Guidance (CVX)
Chevron Corporation (NYSE: CVX) is raising its sequential guidance for the first quarter earnings when compared to the fourth quarter. The company noted that upstream results are projected to improve from higher crude oil…
Will DOE Save First Solar? (FSLR, EXC)
First Solar, Inc. (NASDAQ: FSLR) was facing a nearly busted IPO situation just yesterday. No 52-week low worries. Try nearing the worst of the worst as its shares were danger-close to that $20.00 price. …
Another Pipeline System Changes Hands in Marcellus Shale Play (PVR)
Penn Virginia Resource Partners LP (NYSE: PVR) today announced its acquisition of Chief Gathering LLC, a privately held mid-stream company which owns six natural gas gathering systems in the Marcellus shale play in Pennsylvania.…
Cree Cuts Prices on LED Streetlights (CREE, AIXG, VECO, LEDS, RBCN)
LED lighting maker Cree Inc. (NASDAQ: CREE) has succeeded in making an LED streetlight that sells for less than $200 when purchased in volume. Provided the company can actually make a profit on the…
Drop In Refineries Threatens Higher Gas Prices
There is a relatively new reason to believe gas prices will rise, at least in part of the US. CNNMoney reports that almost 50% of the gas refinery capacity in the Northeast will be…
McMoRan Options Volume Highlights Woes (MMR)
McMoRan Exploration Co. (NYSE: MMR) is seeing almost a 100% above-normal trading volume in its shares today, but the real news is in the stock options trading volume today. The headlines were a bit…
First Solar Flirts With All-Time Lows… A Busted IPO Case (FSLR)
First Solar, Inc. (NASDAQ: FSLR) hit yet a new 52-week low today, but the psychological damage is just about to get a whole lot worse if this stock’s price trajectory remains on its current…
Oneok Partners Proposes Bakken-Cushing Pipeline (OKS, OKE, EEP, ENB, TRP)
Oneok Partners LP (NYSE: OKS) this morning announced that it plans to build a 1,300-mile pipeline from the Bakken shale in North Dakota to Cushing, Oklahoma, at a cost of $1.5-$1.8 billion. The pipeline…
Gas Prices Drop, but Not Enough
The rapid rise in gasoline prices has stalled, although the plateau may only last a few weeks. The AAA Fuel Gauge report shows that the price of a gallon of regular, based on the…
Gas Prices Finally Steady
Gas prices have finally stopped their relentless, daily rise. The AAA Fuel Gauge figure for a gallon of regular based on a nationwide average was $3.932 yesterday, down a tick from the prior day’s…