Natural gas prices to some consumers in Massachusetts could fall 70% this summer. NSTAR (NYSE: NST) has filed a proposal with the Massachusetts public utilities regulator to reduce its summer rates from last summer’s…
If there is one phrase that a company does not want to see in its annual report, it is “GOING CONCERN.” This hinges on a company’s ability to operate financially as a viable business. …
Energy Conversion Devices, Inc. (NASDAQ: ENER) has made an announcement after the close that really is nothing better than an old fashioned earnings warning. The company also is lowering production levels and cutting costs…
Canadian pipeline company Enbridge Inc. (NYSE: ENB) has agreed to sell its 24.7% equity stake in Colombia’s Ocensa pipeline to the country’s national oil company, Ecopetrol S.A. (NYSE: EC). The sale is worth about…
Today is the first day of reporting for the new crude oil price assessment announced earlier this month by Platts. The new marker has already had its name changed from Americas Sour Marker to…
Natural gas contracts in the US have been trading at around $4/thousand cubic feet. The prime suspect for the low price is, surprise, the slow economy. The amount of natural gas being consumed has…
These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning: Apache (NYSE: APA) Raised to Outperform at Credit Suisse. Denbury Resources Inc. (NYSE:…
OPEC elected to continue production at its current level, at least until May. The announcement was an unexpected result of the cartel’s meeting in Vienna. There was no consensus among analysts about why OPEC…
Baker Hughes Inc. (NYSE: BHI) just released its weekly rig counts. Despite the fact that oil has recovered handily off its lows, it seems that oil rig operators still are not enthusiastic about operating…
OPEC wants to keep cutting production and enforce production cuts is has already made so that none of its members try to dodge the cartel’s limits to pick up a little extra cash. The…
MarkWest Energy Partners LP (NYSE: MWE) has just filed with the SEC to raise capital via the sale of securities. The company’s filing is for sales of any combination for it (and its many…
SunPower Corporation (NASDAQ: SPWRA) has already taken a licking and its lowered guidance is not helping. Ditto for an analyst downgrade. JP Morgan dropped the stock from “Overweight” to its least desirable “Underweight” rating. …
US refiners might be facing a squeeze on earnings if crude inventories continue to build and prices continue to drop for diesel fuel. Valero Energy Corp. (NYSE: VLO), Tesoro Corp. (NYSE: TSO), and Marathon…
There are some issues surrounding natural gas that is keeping a cap on the sector. Spot prices are bouncing around between $3.50 and $4.00 per thousand cubic feet. At those prices, unconventional shale gas…
Maria Bartoromo just had a quick interview with oil baron T. Boone Pickens. This was after the announcement that AT&T Inc. (NYSE: T) said it plans to spend up to $350 million over five…