Energy

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Oil Inventories Heading Wrong Way (OIH, DIG, USO, OIL)

The Department of Energy has just released its weekly oil inventories data and those wanting stable prices from oil data may be disappointed.  We are watching the key ETFs around the news via the…

Douglas A. McIntyre · 17 years ago

American Superconductor Discounting Contract Wins (AMSC)

American Superconductor Corporation (NASDAQ: AMSC) is one of the (almost) cult stocks out there in the field of alternative energy and green energy as its has proprietary megawatt-scale wind turbine designs and electrical control…

Douglas A. McIntyre · 17 years ago

Transportation Companies Expect Huge Stimulus Windfall

New research indicates that transportation companies will benefit the most from the government’s huge stimulus investment in infrastructure. According to a new ChangeWave survey of 313 people who work for companies involved with infrastructure projects…

Douglas A. McIntyre · 17 years ago

Exxon: Weak Dollar Adding $20 to Oil Prices (XOM, USO)

The weak dollar has definitely been a contributor to the rise in the price of gold.  And it is also partly responsible for some of the oil gains that took prices back over $80…

Douglas A. McIntyre · 17 years ago

U.S. Oil Stockspiles Increase More Than Expected

Today’s EIA Petroleum Status Report for last week shows oil inventories to have grown 1.8 million barrels.  Many analysts expected the number to have grown by 1 million barrels.  Oil futures were down ahead…

Douglas A. McIntyre · 17 years ago

IEA Says Rising Energy Prices Could Smother Recovery

The International Energy Agency not only raised its forecast for oil demand this year but also said that rising oil prices could cut off the global economic recovery. According to the AP, rising oil prices…

Douglas A. McIntyre · 17 years ago

China Goes To Texas: The Great Wind Farm Dispute

Chinese interests and private capital will build a huge wind farm in West Texas. China-based wind turbine firm A-Power Energy Generation Systems (NASDAQ:APWR) will lead the project. It will cost as much sa $1.5…

Douglas A. McIntyre · 17 years ago

Bankruptcy Watch: A Wave Of Energy Bankruptcies

Today South Texas Oil Company (NASDAQ: STXX), an oil and gas company, filed for relief under Chapter 11 in the United States Bankruptcy court for the Western District of Texas.  The company will file…

Douglas A. McIntyre · 17 years ago

Rig Counts Inching Back Up (BHI, OIH, DIG, USO, OIL)

This week’s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially sound at…

Douglas A. McIntyre · 17 years ago