Energy

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Atlas Lightens its Load (APL, SEP, WMB)

Atlas Pipeline Partners, L.P. (NYSE:APL) will sell its NOARK natural gas gathering and interstate transport system to Spectra Energy Partners, LP (NYSE:SEP) for $300 million in cash. The company’s president and CEO said that…

Douglas A. McIntyre · 17 years ago

LDK Lands Huge J-V with Q Cells (LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is seeing some small gains this morning on word that the company has formed a joint venture with Q Cells SE.  The venture will focus on photovoltaic systems…

Douglas A. McIntyre · 17 years ago

ADM, Another Greenwashing Event (ADM)

Archer Daniels Midland Company (NYSE: ADM) has seen its stock pounded by double-digit percentages today.  While economic woes are acting against it, ADM and Canadian Bioenergy Corporation announced that the companies have entered into…

Douglas A. McIntyre · 17 years ago

Lukoil, Profits & Losses (COP, LUKOY)

The largest non-government owned oil company in Russia, OAO Lukoil, has reported a net loss of $1.6 billion for the fourth quarter of 2008, according to the company’s financial statements filed today. The company…

Douglas A. McIntyre · 17 years ago

More Solar Power Comes to Colorado (XEL, SPWRA)

Xcel Energy Inc. (NYSE:XEL) plans to build a 17-megawatt photovoltaic solar power plant in Colorado using cells from SunPower Corporation (NASDAQ:SPWR-A). The plant is expected to be completed by the end of 2010, and…

Douglas A. McIntyre · 17 years ago

PetroQuest Energy Files To Raise Cash (PQ)

PetroQuest Energy Inc. (NYSE: PQ) has filed to raise up to $200 million million in securities in a mixed securities shelf.  Technically, this filing is to replace an existing shelf registration that is expiring…

Douglas A. McIntyre · 17 years ago

Saudi Refinery Back on Track (COP, TOT)

Saudi Arabia’s state-owned oil company Saudi Aramco and ConocoPhillips Corporation (NYSE:COP) are expected to open the bidding for a Saudi-based refinery in Yanbu by the middle of 2009, according to Reuters. The bidding process…

Douglas A. McIntyre · 17 years ago

First Solar Sees Less Dilution For Acquisition (FSLR)

First Solar, Inc. (NASDAQ: FSLR) has completed its acquisition of OptiSolar’s photovoltaic project pipeline.  The company said that it expects to construct the solar power plants developed under the pipeline over the next several…

Douglas A. McIntyre · 17 years ago

ConocoPhillips Reveals First Quarter Blues (COP)

ConocoPhillips Corporation (NYSE:COP) has released its interim update for the first quarter of 2009. The news is mixed at best.  Exploration and production was hit by low prices for both crude oil and natural…

Douglas A. McIntyre · 17 years ago

Some Good News for Solar Industry? (SPIR, FSLR, SOLF)

Spire Corporation (NASDAQ:SPIR) is a small-cap supplier of turnkey solar factories and capital equipment. Its products are used to manufacture PV modules and cells. The company reported its fourth quarter and full-year results after…

Douglas A. McIntyre · 17 years ago

Goldman Sachs Raises Crude Price Targets

Goldman Sachs Group, Inc. has raised its forecast for 2009 for the price of Brent (North Sea) crude oil by 12%, to $50.20/barrel. The company attributes the rise to OPEC production cuts, slowing production…

Douglas A. McIntyre · 17 years ago

Solarfun Renegotiates Hoku Payments (SOLF, HOKU)

A US-based subsidiary of Hoku Scientific, Inc. (NASDAQ:HOKU) and a Hong Kong-based subsidiary of Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) have renegotiated a polysilicon supply contract between Hoku and Solarfun. The renegotiation affects only…

Douglas A. McIntyre · 17 years ago