First Solar Takes Another Downgrade (FSLR)
Shares of First Solar, Inc. (NASDAQ: FSLR) were already hit hard yesterday. They are under pressure again this morning. It isn’t just lower and lower energy prices and a slower and slower economy taking…
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Newest first · Page 468Tale of Two Small-Cap Oil Companies (VQ, DNR, CRED)
Venoco, Incorporated (NYSE:VQ) announced this morning that it will cut its capital spending in 2009 to $150 million. As recently as last November, Venoco had planned to spend $400 million on capex in 2009.
Rig Counts Fall in December (BHI)
Baker Hughes Incorporated (NYSE:BHI) released its monthly rig count report this morning. Compared with November counts, drilling rigs in North America are off about 9%. Compared with December 2007, North American rigs are down…
Russia, Ukraine, Europe.. Good Cop, Bad Cop
It seems that the odd nature of natural gas supplies to Europe from Russia may be taking a turn toward normalcy. At least whatever that means in Russia and anyone dealing with it. Platts…
Chevron, Lower Prices, Lower Money (CVX, SLB)
Chevron Corp. (NYSE: CVX) has just laid the second ground-breaking path in the oil sector today. It lowered guidance "significantly." We already noted pending layoffs at Schlumberger Limited (NYSE: LTD), but this is a…
Suncor Production Heads South (SU)
Suncor Energy Inc. (NYSE:SU) reports today that production from its oil sands operations averaged 235,000 barrels/day for December. In October, production averaged 258,000 barrels/day. Third quarter production averaged 261,000 barrels/day. This is not the…
Norway Drills More, Finds Less
Norway’s Petroleum Directorate reported yesterday that the company had drilled 56 exploration wells in 2008, of which 25 resulted in new discoveries. That’s the good news. The not-so-good news is that the new discoveries…
Akeena Dips on Possible Capital Raise (AKNS)
Akeena Solar, Inc. (NASDAQ: AKNS) is trading lower today after the company filed to sell up to $30 million in a mixed securities shelf offering. No terms were listed, but the company listed that…
Crypt Alert: T. Boone Pickens & $100 Oil, Maybe, Again (CLNE)
T. Boone Pickens may still have some relevance in the media and in oil circles. And he may not. The oil magnate made a call late yesterday that oil could be back at $100.00…
Enterprise Products Raising Cash (EPD)
Enterprise Products Partners L.P. (NYSE: EPD) has announced that it will sell 8,600,000 common units in a secondary offering. The units represent limited partner interests rather than traditional shares seen in most secondary offerings.…
LDK & More Solar Peer Pressure (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)
LDK Solar Co., Ltd. (NYSE: LDK) is living up to the doubts that many investors had in this stock. When times were good for solar and alternative energy players, many questioned the Chinese company. …
The Powerful Case For $1 Gas
In July, the average price of gas in the US was $4.11. According to the carefully followed Lundberg Survey, the number was about $1.66 on Dec. 19. In some regions petrol dropped as low…
SandRidge CEO Unloads Shares (SD)
The CEO of SandRidge Energy, Inc. (NYSE: SD) sold approximately 8.90 million shares at $5.62/share in a private transaction in order to meet "debt service and tax planning needs." Tom Ward, SandRidge’s CEO, retained…
Chesapeake Continues to Shed Assets for Cash (CHK, GS, BP, STO)
Chesapeake Energy Corporation (NYSE:CHK) has sold about $412 million worth of royalty interests in "long-lived, producing assets" in gas fields in Oklahoma and Arkansas. The buyer was a private equity firm, Argonaut Private Equity,…
The World Of Oil Prices: Iran, Hamas, and Israel: Who Benefits?
Analysts already noted the increase in oil prices resulting from the fighting in Gaza. Neither the Palestinians nor the Israelis controls any oil–as the late Israeli Premier Golda Meir famously remarked: " took us…