CNOOC Profits Jump (CEO, SNP)
Chinese oil producer CNOOC Ltd. (NYSE:CEO) reported annual profits for 2008 of $6.5 billion, up 42% from 2007. EPS was about $0.15. Production was up 14%, to 195.4 million barrels of oil equivalent. CNOOC…
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Newest first · Page 458China Barely Makes Money On Oil (SNP, CEO
Chinese oil giant China Petroleum & Chemical Corp., usually called Sinopec, (NYSE:SNP) reported that annual earnings were off 47% for 2008, compared with 2007. The report includes only annual numbers; no quarterly numbers were…
Layne Christensen Misses by a Mile (LAYN)
Water and energy services firm Layne Christensen Company (NASDAQ:LAYN) missed analysts’ estimates of quarterly EPS of $0.40, coming in at $0.24 excluding an impairment charge of $16.1 million. Including the charge, the company had…
Fewer & Fewer Rigs, More Foreign Oil Dependence (BHI, OIL, USO)
It appears that oil stability and a large percentage rise off of lows is not enough for drillers. Baker Hughes Inc. (NYSE: BHI) released its weekly total rig counts for the US and Canada…
Conoco, When An Upgrade Isn’t An Upgrade (COP, GS, BRK-A)
ConocoPhillips Corporation (NYSE:COP) got a mixed blessing from Goldman Sachs Group Inc. (NYSE:GS) this morning. The bank raised its rating on Conoco from ‘Neutral’ to ‘Buy’ based on Conoco’s valuation. That’s on the one…
Is China’s Solar Industry Following the Ethanol Path? (YGE, SOLF)
The government of China’s announcement that it would subsidize solar projects that exceed 50 kilowatts gave China’s solar industry a big boost. Still,the more that government piles into the solar sector, the more the…
Key Solar Stocks Hit By Downgrades (FSLR, STP, TSL)
After the huge run up in solar stocks on Thursday, there are actually several key downgrades this morning. These are the main ones we have seen so far: First Solar (NASDAQ: FSLR) Cut to…
And Suddenly, Solar Back To Bonkers (FSLR, LDK, SPWRA, TAN, SOLR, STP)
The sudden strength in the stock market and the rise in the price of oil is suddenly making the key solar sector stocks rise. Solar shares also appear to be benefiting from China’s…
Buckeye Offers More Units (BPL, BGH)
Pipeline master limited partnership Buckeye Partners, L.P. (NYSE:BPL) is offering 2.6 million new common units at a price of $36.25/unit. The number of units offered was raised from an initial 2.35 million units.
Denbury Resources Hits the Big Time (DNR, ROH, DOW)
Oil and gas E&P company Denbury Resources Inc. (NYSE:DNR) will be added to the S&P 500 after trading closes on April 1st. Denbury replaces Rohm and Haas Co. (NYSE:ROH), which Standard & Poor’s expects…
Expert Predicts Oil Price Spike, But May Be Wrong
The legions of experts who think oil prices will move sharply higher soon is increasing. Part of the logic behind expectations of higher crude prices is that a long period of low prices has caused a…
A Green Business Investing Conference (ASTI, DSTI, HEV, LDK, RSOL, STP, VLNC, VRNM)
A conference on clean and green technology sponsored by ThinkEquity LLC opened yesterday in San Francisco. It is billed as a gathering for industry executives, investors, influencers and policy makers within the cleantech and…
Another Bad Day in the Sun (SOLF)
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) reported fourth quarter 2008 and full-year results this morning. For the quarter, Solarfun posted a net loss of -$1.14/ADS. Revenue was $164.6 million, down nearly 12% sequentially. Analysts…
Short Sellers Double Down Against Green & Alternative Energy (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)
There was what appears to be a massive increase in short selling for the period report ending March 13, 2009. The short selling increases in companies like First Solar, Inc. (NASDAQ: FSLR), Suntech Power…
First Solar to Build New Mexico Solar Plant (FSLR)
First Solar, Inc. (NASDAQ:FSLR) will build a 30 megawatt solar PV plant in northeastern New Mexico to supply power to a wholesaler that serves nearly 1.5 million customers in four Western states. The contract…