Energy

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SunPower In the Shade (SPWRA, WFR, FSLR, LDK)

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…

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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.

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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.

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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 &…

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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.…

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

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…

Douglas A. McIntyre · 17 years ago

Idling Rig Count Resumes… More Foreign Oil (BHI, USO)

Baker Hughes Inc. (NYSE: BHI) is out with its weekly rig count.  Last week we thought that we were getting close to equilibrium on the supply and demand equation because we were starting to…

Douglas A. McIntyre · 17 years ago