Oil Spill Effects May Be Negligible
Ken Feinberg is a lawyer and not a scientist . It was surprising to hear him say that the long-term effects of the BP plc (NYSE: BP) oil spill may be very little over…
Energy
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Newest first · Page 413Shuffling the Deck in the Canadian Oil Sands (TOT, SU, TCK, OXY, COP, SNP)
French oil major Total SA (NYSE: TOT) and Canada’s Suncor Energy Inc. (NYSE: SU) have agreed to form an alliance that combines the two companies’ interests in a number of projects in the oil…
Oil Inventories Plummet (USO, OIH, VLO)
The Department of Energy has just released what may seem like a shocking drop in its weekly report on oil inventories. This morning’s data has a potential impact on the key ETFs of Oil…
What First Solar Left Out of its Guidance (FSLR, NRG, PCG, LDK, TSL, YGE, JASO, TAN)
After the market closed yesterday, First Solar Inc. (NASDAQ: FSLR) released its initial guidance for 2011. The guidance is higher and the company also sold a project. Much was anticipated and there is more…
RigNet IPO Sees Soft Pricing (RNET, SMHG, MO)
RigNet Inc. (NASDAQ: RNET) has priced its initial public offering of 5 million shares at a price of $12.00 per share. The company hooks up remote energy sites such as offshore drilling rigs with…
GE Grows Its Oil Bet, Wellstream and Deepwater Drilling (GE, WSHOY, NOV, PBR)
After a couple of failed offers, General Electric Co. (NYSE: GE) has finally reached an agreement to acquire Britain’s Wellstream Holdings plc (OTC: WSHOY) for $1.3 billion. The deal is expected to close in…
OPEC Holds Firm As Gasoline Hits Two-Year High
OPEC said it would maintain production levels. The cartel defended its decision by noting that the world’s economy is barely out of recession. The current $90 price of oil was hardly mentioned in OPEC…
SandRidge Thins The Portfolio (SD)
It has been a rough year for SandRidge Energy, Inc. (NYSE: SD) after earnings, guidance, and production/rates have not always been so positive as it mixes its gas and oil portfolio. Shares have recovered…
OPEC: Not An Oil Price Wild Card
OPEC meets this weekend. Output from the members of the cartel is about a third the world’s total which means these nations account for about 29 million barrels a day. OPEC ministers say they…
Nicor Gets All-Time High Valuations in Merger (GAS, AGL)
Nicor Inc. (NYSE: GAS) got the merger that was speculated about in the market, as it was just last Thursday that shares spiked to $47 from $43 in minutes. AGL Resources (NYSE: AGL) is…
Oil Rockets Past $90, As Forces Push It Toward $100
Oil, just $75 a barrel two months ago, rocket past $90 which raises the specter of $3 a gallon gasoline for at least the next two months. The factors which have driven prices higher…
Is Chesapeake Ripe for Icahn-ization? (CHK, LGF, BX, DYN)
If ever there was a plump target for a Carl Icahn-style workout it would have to be Chesapeake Energy Inc. (NYSE: CHK). Icahn’s fight for control of Lions Gate Entertainment Corp. (NYSE: LGF) demonstrates…
Raised Guidance Highlights Suntech Value (STP, TAN)
Suntech Power Holdings Co., Ltd. (NYSE: STP) may be down by more than half from its 52-week highs, but that is not going to keep it from seeing a rather large gain this morning. …
SunPower & NRG Double Down on Solar (SPWRA, NRG, PCG, FSLR, WFR, TAN, PBW)
The state of California has mandated that a third of its electricity come from renewable sources by the end of the decade. This has caused something of a boomlet in solar thermal and solar…
Can Trina and Others Escape Solar Darkness? (TSL, LDK, STP, JASO, TAN, PBW, FSLR)
Oil may still be above $80.00, but solar stocks are on skid row. The dollar/euro is heading the wrong way, new government uncertainty growing louder, and a concern over all major government subsidies being…