Diamondback Energy Services Cancels IPO
Diamondback Energy Services, Inc. has filed with the SEC to withdraw its filing for an initial public offering of common stock. It actually looks like the first filing goes all the way back to…
Energy
All Energy Articles
Newest first · Page 454Chevron Clears Low Bar (CVX, XOM)
Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus estimates of $0.81. Revenues…
First Solar Moves Closer To The Double (FSLR, TAN, SPWRA, ESLR)
Maybe there’s some life left in the solar industry after all. First Solar, Inc. (NASDAQ:FSLR) reported EPS for the first quarter of 2009 of $1.99, blowing past estimates of $1.50 and tripling EPS of…
Exxon Sees Wrath of Low Oil Prices (XOM)
Exxon Mobil Corp. (XOM) got to see exactly what the impact of lower oil prices does to the top-line. The company posted earnings of $0.92 EPS, which is down from $2.02 a year ago. …
Will Solar Conference Address Slowing Trends? (FSLR, STP, AMAT, AKNS, TSL)
Solar industry consulting firm, Solarplaza, hosting a conference on “The Solar Future” on May 26th in Munich, Germany. Speakers from First Solar, Inc. (NASDAQ:FSLR), Suntech Power Holdings Co. Ltd. (NYSE:STP), and Q-Cells as well…
Reviewing Emerging Oil Giants Petrobras, CNOOC, and PetroChina (PBR, CEO, PTR)
Leading oil and gas industry news source, Platts, named Brazil’s national oil company Petroleo Brasileiro (NYSE:PBR), aka Petrobras, its hydrocarbon producer of the year for 2008. Platts cited Petrobras for its “sheer across-the-board excellence”…
Williams and the Venezuelan Pokey (WMB)
Williams Companies, Inc. (NYSE: WMB) is getting to disclose just how fun it can be in dealing with a volatile regime in Latin America. Venezuela is front and center, and now the company plans…
AEP Doubling Renewable Energy Targets (AEP)
American Electric Power (NYSE: AEP) is increasing its push into renewable and alternative energy with a fairly lofty goal on the surface. The utility with more than 5 million customers over 11 states is…
French Company Surrenders in Takeover Battle (TOT, SU, PCZ, TCK)
French supermajor oil company Total SA (NYSE:TOT) has let its offer for Canada’s UTS Energy Corporation expire. Total failed to get tenders for two-thirds of UTS’s shares, and has directed the tender depositary to…
Canadian Solar Soaking China’s Sun, and Money (CSIQ)
Solar maker Canadian Solar Inc. (NASDAQ:CSIQ) is incorporated in Canada, but all operations are based in China. The company has announced that three Chinese banks will kick in a total of $2.2 billion “in…
Refiner’s Earnings Mixed (VLO, MRO, TSO)
The best thing to say about the 2009 first quarter at refiner Valero Energy Corporation (NYSE:VLO) is that it was better than the first quarter a year ago. Refining margins are higher now, and…
SunPower Raising Cash (SPWRA, SPWRB)
SunPower Corporation (Nasdaq: SPWRA; SPWRB) intends to offer 9,000,000 shares of its class A common stock and $175 million worth of senior convertible debentures due 2014 in registered public offerings. Credit Suisse and Deutsche…
Trouble Continues in Oilfield Services (SII, HAL, WFT, SLB)
Well drilling and completion services just aren’t paying off for anyone this reporting season. Smith International Inc. (NYSE:SII) reported diluted EPS of $0.44 on revenues $2.41 billion. After deleting a restructuring charge of $34.8…
Pipeline to Profits is Clogged (EPD, KMP, PAA, BSR)
Enterprise Products Partners LP (NYSE:EPD) reported first quarter earnings of $237.3 million (earnings per unit of $0.41) on revenues of $3.42 billion. In the first quarter of 2008, the company reported earnings of $272…
Are Lower Rig Counts Stabilizing? (BHI, OIL)
Baker Hughes Inc. (NYSE: BHI) has its weekly rig count out, and we are still losing rigs in the oil and gas sector. Somehow our inventories keep building to near-record levels. The answer is…