Energy

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First Major Rig Count Growth In Months (BHI, USO, OIL)

Baker Hughes Incorporated (NYSE: BHI) has released its first rig count in weeks that shows an increase.  This follows months and months of declining rig counts as many were down more than half from…

Douglas A. McIntyre · 17 years ago

America’s Next Export: Pollution Control

A new study from MIT says that if the US and China cannot control and reduce carbon dioxide emissions from coal-burning plants, efforts at cutting back on global warming may be a failure. The…

Douglas A. McIntyre · 17 years ago

One Teekay Raising Cash For The Other Teekay (TNK, TK)

Teekay Tankers Ltd. (NYSE: TNK) now plans to sell 7,000,000 shares of common stock in a public secondary offering.  This is a bit of an unusual offering as the company expects to use the…

Douglas A. McIntyre · 17 years ago

Two Quests Hit By One Going Concern (QELP, QRCP)

Quest Energy Partners, L.P. (NASDAQ: QELP) got hit hard on fairly innocent trading volume today.  The partnership was formed by Quest Resource Corporation (NASDAQ: QRCP) to acquire, exploit and develop natural gas and oil…

Douglas A. McIntyre · 17 years ago

FuelCell’s Capital Raise, Dilutive But Opportunistic (FCEL)

FuelCell Energy Inc. (NASDAQ: FCEL) is getting hammered this morning.  The developer and manufacturer of fuel cell power plants for electric power generation announced a $24.2 million financing pact this morning.  The company sold…

Douglas A. McIntyre · 17 years ago

California: $3 Gas And No Recovery

Whatever bad news California may have faced in the past, it is getting worse. The new UCLA Anderson Forecast predicts that the state will not have any economic recovery until well into 2010 and…

Douglas A. McIntyre · 17 years ago

Advanced Battery Raises More Cash (ABAT)

Advanced Battery Technologies, Inc. (NASDAQ: ABAT) recently raised $10 million in a private placement.  It has agreed to sell additional $7 million worth of convertible preferred stock and warrants to three of the institutional…

Douglas A. McIntyre · 17 years ago

Oil Prices And The Illusion Of New Inflation

It has become commonplace among analysts and oil traders to fear that crude prices are up so much that inflation will have to return the market. A recent piece from Reuters reinforces that sentiment.…

Douglas A. McIntyre · 17 years ago

Squashing A Solar Joint Venture (SPIR, TSL)

Spire Corporation (Nasdaq: SPIR) has announced that it has reached an agreement with Gloria Solar Co., Ltd. in Taiwan to liquidate their joint venture called Gloria Spire Solar, LLC.  The venture performed PV systems…

Douglas A. McIntyre · 17 years ago

Demand For Oil Gets Stronger

The International Energy Agency seems to have caught on to what everyone else already knows: demand for oil is moving up. The IEA’s new forecast may still be off in terms of how much…

Douglas A. McIntyre · 17 years ago

DOE Inventories Confirms EIA Trends (USO, OIL)

The weekly DOE inventories confirmed the EIA data last night, and the data is about just as bullish for oil and energy prices.  The United States Oil (NYSE: USO) ETF and iPath S&P GSCI…

Douglas A. McIntyre · 17 years ago