Oil Posts An All-Time Annual High
Brent crude prices will average over $110 a barrel in 2011. Reuters reports that will beat the 2008 record of approximately $100. It is difficult to say how to take the news. The causes of…
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Newest first · Page 387Chesapeake Sells Marcellus Pipeline System to Subsidiary (CHK, CHKM)
As part of its efforts to raise cash and pay down debt, Chesapeake Energy Corp. (NYSE: CHK) has sold its Appalachia Midstream Services subsidiary to Chesapeake Midstream Partners L.P. (NYSE: CHKM) for total consideration…
Top Oil & Gas Stock Picks for 2012 (XOM, CVX, COP, RRC, TSO, PXD, APC, CHK, APA, OXY)
Crude oil prices have risen this year, although they have been tapering off in the past couple of months. Pump prices have been driven by the price differential between Brent crude and WTI crude,…
Small & Mid-Cap Stocks With 50% Upside In 2012 (OIS, OI, ROSE, WBC, CIE)
In December you get to see all sorts of predictions and stock picks from market pundits for the year ahead. This year is no different, and Credit Suisse has issued this month its list…
Oil Price Problems Turn to Political Turmoil
The most closely watched triggers for oil prices have turned from China’s consumption and OPEC production to Nigeria and Iran. Political turmoil may determine prices for some time. Iran warned yesterday that it may…
Enterprise Exits Energy Transfer Equity… Distribution Hike Machine To Continue (EPD, ETE, AMJ, AMLP, KYN)
Enterprise Products Partners L.P. (NYSE: EPD) is cleaning out of its position in Energy Transfer Equity, L.P. (NYSE: ETE). The MLP has announced that it has agreed to sell 22,762,636 common units of Energy…
Malaysia Tries to Attract Investments in Giant Refinery (XOM, RDS-A, DOW)
The national oil company of Malaysia, known as Petronas, announced plans in May to build a $20 billion oil refinery and petrochemical complex on the country’s southern border with Singapore. In addition to motor…
Battle Lines Drawn Over Natural Gas Exports (DOW, DD, XOM, CHK, LNG)
Natural gas prices in the US rose to more than $4.80/thousand cubic feet (tcf) in June, and have trailed off to under $3.20/tcf today. In late 2005, natural gas spot prices topped $15/tcf and…
BP Will Exit Solar Panel-Making Business (BP, FSLR, SPWR, JASO, LDK, TSL, STP)
In September 2010, BP plc (NYSE: BP) fired 320 workers at its solar panel-making operation in Maryland because it could not compete with manufacturers like First Solar Inc. (NASDAQ: FSLR), SunPower Corp. (NASDAQ: SPWR),…
Crude Inventory Drops Dramatically (XOM, CVX, SLB, HAL, BHI)
This morning’s weekly petroleum status report from the US Energy Information Administration noted a particularly steep — and unexpected — drawdown in oil stocks. Crude inventory fell by 10.6 million barrels, far more than…
Shell, Transocean Stop Leak in Gulf of Mexico Well (RDS-A, RIG, BP)
A small leak in a line feeding drilling fluid to a well owned and operated by Royal Dutch Shell (NYSE: RDS-A) and using a rig owned by Transocean Ltd. (NYSE: RIG) has spilled less…
Morning Movers (MSHL, CSIQ, TRGT,PGNX, CIE)
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Marshall Edwards Inc. (NASDAQ: MSHL), Canadian Solar Inc. (NASDAQ: CSIQ), Targacept…
South Korea’s Achilles Heel – Energy
South Korea has a market economy which ranks 15th in the world by nominal GDP. But it’s is more fragile than raw statistics indicate, and its prosperity is prognosticated on its access to inexpensive…
First Solar Lowers Outlook, Cuts Jobs (FSLR, TSL, YGE, LDK, JASO)
Thin-film solar panel maker First Solar Inc. (NASDAQ: FSLR) has conceded the inevitable. The company this morning lowered its sales and profit outlook for this year, announced it would cut 100 jobs, and offered…
OPEC to Hold the Line
The Organization of the Petroleum Exporting Countries probably intends to hold production among its members at current levels. That is good news for oil importing nations and consumers and industries concerned about prices. OPEC likely will keep targets…