Robert Murray http://www.geograph.org.uk/photo/1449653Depressed stock prices are always attractive to investors willing to take risks. And many Canadian energy firms’ stocks are in the doldrums, fueling talk of takeover bids, which leave many in Ottawa…
The first of the big oil field services to report quarterly earnings is also the largest: Schlumberger Ltd. For the full fiscal year, the company reported revenue of $39.54 billion and diluted, adjusted EPS…
The US Energy Information Administration (EIA) today released a study on the impact of domestic pricing if the US begins to export natural gas. The question has been on the minds of natural gas…
Saudi Arabia probablywill target oil prices for 2012 at $100, according to several media reports. The desert nation says it needs the price to be that high to offset planned expenditures by its government. The…
Fifteen months ago, the price of a gallon of regular gas was well below $3 a gallon, according to AAA data. It came close to the $4 level six months ago, but fell off…
So far we are seeing a continued rotation. What worked great in 2011 is being sold and the worst performing groups are being bought. No sector with as many names in it took it…
A disastrous supply glut of solar PV panels could lead to the shuttering of many of the weaker Chinese competitors, according to the CFO of Jinko Solar Holding Co. Ltd. (NYSE: JKS). China’s largest…
At a meeting in mid-December, members of the Organization of Petroleum Exporting Countries (OPEC) agreed on a new production level of 30 million barrels/day. The 12-member cartel has already exceeded that new limit, producing…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The consensus estimate…
An article in The New York Times argues, without much support, that if the Strait of Hormuz is closed for any amount of time, oil prices will rise 50% and gas will move to…
Chesapeake Energy Corp. (NYSE: CHK) set two goals last year: first, to reduce long-term debt by 25% by the end of 2012; and second, to increase production by 30%. The company said today debt…
Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy LP (NYSE:…
The IPO market is 2011 was not the greatest of the last decade. Some deals soared, but many deals flopped. We were very skeptical of many of the internet IPOs but we did not…
Battered solar PV stocks could be setting the stage for a comeback in 2012. One thing’s for sure though — solar PV prices can’t drop another 50% this year. Solar makers Yingli Green Energy…
In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture with Total SA (NYSE: TOT) and privately held…