Energy

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Tesoro Facing Sharp Price-Revenue Issues (TSO)

Oil refiner Tesoro Corporation (NYSE:TSO) reported fourth quarter earnings of $317 million (EPS of $0.99), excluding special items. On a GAAP basis, the company earned $97 million (EPS of $0.70). The company wrote down…

Douglas A. McIntyre · 18 years ago

Petrobras to Get Chinese Dollars (PBR, SNP, XOM, CVX)

The China Development Bank appears to be following the maxim of uber-capitalist Warren Buffet: Be fearful when others are greedy, and be greedy when others are fearful. This week the Chinese announced an agreement…

Douglas A. McIntyre · 18 years ago

SunPower Keeps Racking Up Deals (SPWRA, GE)

SunPower Corporation (NASDAQ:SPWRA)is reaping the rewards today from two separate announcements.  The company’s pact in California is coming to fruition, and a new 2.2 megawatt contract came from Italy.  SunPower may not be immune…

Douglas A. McIntyre · 18 years ago

LDK Falling Into Solar Woes Group (LDK)

LDK Solar Company Ltd. (NYSE:LDK) shares are being hammered this morning, following yesterday’s announcement that the company expects to report a net loss in the fourth quarter of 2008 and lower revenue for the…

Douglas A. McIntyre · 18 years ago

Venezuela: OPEC’s Dilemma

Venezuela has decided it needs to pump more oil. It has a simple problem. The nation’s income has cascaded as oil prices have fallen from more than $140 last summer to under $40 now.…

Douglas A. McIntyre · 18 years ago

Chesapeake Still Faltering (CHK, BP)

The largest natural gas producer in the US, Chesapeake Energy Corporation (NYSE:CHK), reported a GAAP EPS loss of -$1.51 for the fourth quarter of 2008. On a non-GAAP basis, the company earned EPS of…

Douglas A. McIntyre · 18 years ago

Transocean Misses the Mark (RIG, DO, SLB)

Transocean Ltd. (NYSE:RIG) followed in the footsteps of competitors Diamond Offshore Drilling Inc. (NYSE: DO) and Schlumberger Ltd. (NYSE: SLB), reporting fourth quarter and full-year results that missed expectations. Transocean announced net income for…

Douglas A. McIntyre · 18 years ago

Exxon Puts More Oil in its Tanks (XOM)

Exxon Mobil Corporation (NYSE:XOM) reported that it had added 1.5 billion barrels of oil equivalent to its proved reserves in 2008. That amount is equal to 103% of the company’s production for the year,…

Douglas A. McIntyre · 18 years ago

Green News: Efficiency as an Energy Resource

Utility companies have long faced a dilemma. On one hand, in order to grow profits, they must sell more electricity. On the other hand, they must support conservation as a means of keeping their…

Douglas A. McIntyre · 18 years ago

The Long-Shot Case For Oil Going Back Above $100

By most accounts, The International Energy Agency is the leading expert on the future of the price of oil. It collects production data, future yield from existing fields and those that may be drilled years…

Douglas A. McIntyre · 18 years ago

Gas Pipeline Joint Venture Killed (OGE, ETP)

Last September OGE Energy Corp. (NYSE:OGE) and Energy Transfer Partners, L.P. (NYSE:ETP) announced a joint venture to transport natural gas from Texas and Oklahoma to California and the northeastern US. It was an ambitious…

Douglas A. McIntyre · 18 years ago

Major Wind Project, Hot Air? (ITC, NWE)

Thinking big can be a blessing or a curse. In the case of green power generation, big ideas can be hard to translate into workable plans because we have so little experience with scaled-up…

Douglas A. McIntyre · 18 years ago