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…
Energy
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One of the stalwarts of the solar business, SunPower Corporation (NASDAQ:SPWRA), has reported an EPS loss of -$0.06 on revenues of $214 million for the 2009 first quarter. Analysts had expected EPS of $0.24…
Schlumberger Sort of Beats Low Expectations (SLB, HAL, WFT)
The world’s largest oilfield services company, Schlumberger Ltd. (NYSE:SLB), reported earnings this morning. The resemblance to the earnings reports from Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE: WFT) from earlier this week is…
Driller and Services Firm Beat the Street (NOV, DO)
Two oilfield services players reported earnings this morning. National Oilwell Varco, Inc. (NYSE:NOV) and Diamond Offshore Drilling Inc. (NYSE:DO) both beat expectations, but only Diamond is getting a boost this morning.
SunPower Soaks Up Florida Sun Ahead of Earnings (SPWRA, FPL)
Solar PV maker SunPower Corp. (NASDAQ: SPWRA) has won a two-year supply agreement with FPL Group (NYSE: FPL) for solar panels and tracking technology. The contract begins next year. SunPower has also agreed to…
Oil Earnings Clear the Low Bar (OXY, COP)
Occidental Petroleum Corp. (NYSE:OXY) and ConocoPhillips Corp. (NYSE:COP) reported a mixed bag of first quarter 2009 earnings this morning. Net income met analysts’ expectations, but revenue did not.
Oil ETF’s Hit As Crude Inventory Keep Rising (USO, OIH)
The Department of Energy released its weekly oil inventory data and again we saw another build-up of black gold. This increase has started to hit the United States Oil (USO) and the Oil Services…
When Two Partners Quit, Will the Third One Sue? (EPD, EPE, TPP)
Master limited partnership Enterprise Products Partners L.P. (NYSE:EPD) has announced that it will pull out of a partnership with an affiliate of Oiltanking Holdings America, Inc., a subsidiary of privately-held German firm Marquard &…
Precision Drilling Wins With Grey Wolf Addition (PDS, BJS, HAL, WFT)
Precision Drilling Trust (NYSE:PDS) reported net first quarter 2009 earnings per common unit of about $0.26, off 62% from the same period a year ago. Revenues grew almost 31%, from $277 million to $362…
IPO FILING: Ellora Energy (LORA)
Ellora Energy Inc. has just joined the line of possible initial public offerings. While no IPO terms were listed, it does plan to sell up to $100 million in securities for filing purposes. Ellora…
Another Oilfield Services Firm Falters (BJS, HAL, WFT, SLB)
This is turning into a lousy week for oilfield services company. Today’s really downbeat earnings report from BJ Services Co. (NYSE:BJS) follows on yesterday’s weak reports from Halliburton Co. (NYSE:HAL) and Weatherford International Ltd.…
First Solar Financing Pact Vs. Rough Sector Call From Goldman Sachs (FSLR)
A new 53 megawatt PV solar power plant is being built in Germany by First Solar, Inc. (NASDAQ:FSLR) and its German partner Juwi Holding AG. Construction began in January and is expected to be…
Trina Solar Grabs Business in Germany (TSL, JASO, LDK)
Chinese solar PV maker Trina Solar Limited (NYSE:TSL) has signed a deal with three different German solar customers to deliver about 42 megawatts of photovoltaic modules in 2009. The announcement did not include any…
McMoRan Does Not Strike Paydirt (MMR)
McMoRan Exploration Co. (NYSE:MMR) reported first quarter 2009 numbers this morning. The news was not good — an EPS loss of -$0.90, more than double analysts’ estimates of -$0.43, and down from EPS of…
Halliburton, Weatherford Stumble (HAL, WFT, SLB, OIH)
Two of the largest oilfield services companies reported first quarter earnings today. Halliburton Company (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT) both came in close to analysts’ estimates, but that doesn’t look like it will…