Inergy Raising Cash (NRGY)
Inergy, L.P. (NASDAQ: NRGY) has announced an underwritten public offering of 4,000,000 common units. As a reminder, these are L.P. units rather than shares. The partnership intends to use the net proceeds to repay…
Energy
All Energy Articles
Newest first · Page 459Fitch Ratings Looks at Refiners (VLO, FTO, TSO)
Fitch Ratings published a short report on the effect of the compression in crude oil spreads on refiners. We looked at this phenomenon about a month ago. Fitch concludes that the “relative cost advantage…
Oil Sands Universe Just Got Simpler (SU, PCZ, TOT, ENY)
Two of the largest players in the Canadian oil sands, Suncor Energy Inc. (NYSE: SU) and Petro-Canada (NYSE:PCZ) announced that Suncor will acquire Petro-Canada in a deal valued at $15.5 billion. Shareholders of Petro-Canada…
Oil Moves Toward $60,
Oil prices hit a low of $33.87 about a month ago. Now there are a lot of reasons that they could top $60, coming close to doubling in less than 60 days. While the…
Buyout for More Efficient Solar Panels from National Semi (NSM)
National Semiconductor Corp. (NYSE: NSM) is making a push into solar via an acquisition. The company has acquired Act Solar, Inc. to expand its portfolio of power optimization technologies along with the acquisition of…
Chinese Expand Oil Drilling (CEO, COP)
Chinese oil giant CNOOC Ltd. (NYSE:CEO) has begun production at a new field in Bohai Bay, off China’s northeast coast. The new field is relatively small, producing just 4,000 barrels/day, but production is expected…
DryShips Scores Petrobras Award (DRYS, PBR, RDS-A)
DryShips Inc. (NASDAQ: DRYS) has just announced a new contract order that is sending shares soaring. The company’s Ocean Rig ASA subsidiary has received a ‘letter of award’ from Petrobras (NYSE: PBR) for a…
Is Oil Keeping Gold From Hitting $800? (OIL, USO, GLD)
Conventional wisdom has it the the price of gold tracks the price of crude oil. As oil rises, so does gold, and vice-versa. Probably the simplest explanation for the phenomenon is that the price…
Unexpected Oil Inventory Rise Takes A Bite (USO, OIL)
Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday. The DOE just released its weekly inventory data showing another build across the board. …
Valero Takes the VeraSun Prize (VLO, ADM, VSUNQ)
Valero Energy Corp. (NYSE:VLO) has won the auction for seven ethanol plants formerly owned by VeraSun Energy Corporation (VSUNQ), which is now in Chapter 11 bankruptcy. Valero will pay $477 million for the plants.…
Oil ETF’s & The Return of $50 Oil (OIL, USO, OIH, DXO, DIG)
Oil flirted with the $50.00 handle today, which would be close to a 4-month high. This also marked the end of the April contract expiration, so now we roll over to May. April delivery…
DuPont Ignores Solar Market Woes (DD)
DuPont, or EI DuPont de Nemours & Co. (NYSE: DD), has announced an initiative today that would have been cheered by investors a few months ago. The company is continuing to expand its solar…
ADM Pursuing Brazilian Ethanol? (ADM)
A Brazilian newspaper reports this morning that Archer Daniels Midland Company (NYSE: ADM) may purchase the Brazilian ethanol group Unialco, together with a mill belonging to Da Mata. According to the news report, a…
Canadian Solar Dims (CSIQ)
The sorry news just keeps rolling in from solar companies. This morning Canadian Solar Inc. (NASDAQ: CSIQ) reported an EPS loss of $-1.42, way below analysts expectations of a loss of -$0.31. In the…
Plains Pipeline Offers Common Units (PAA)
Plains All American Pipeline, L.P. (NYSE: PAA) announced an offering to sell approximately 5 million common units at an offering price of $36.90/unit. Joint book-runners include UBS, Citi, JP Morgan, Merrill Lynch & Co.,…