The shareholders of Grey Wolf, Inc. (NYSE:GW) have overwhelmingly chosen to accept cash instead of stock in Precision Drilling Trust (NYSE:PDS) as consideration for Precision’s buyout of Grey Wolf. We’ve been following the story…
Energy industry publisher Platts is reporting that the Gas Exporting Countries Forum (GECF) is meeting in Moscow this week, and is expected to sign a framework agreement to set up a natural gas exporters…
Last August, the US Environmental Protection Agency (EPA) ruled that a proposed coal-fired power plant in Utah did not need to file for a clean-air permit because the emissions from the plant were not…
The sitting government in Russia has not had this much fun since Vladimir Lenin died. Falling oil prices, now sitting well under $40 a barrel. are forcing the Russian government to shut down almost…
SRI Consulting published a new report on producing crude oil from western Canada’s oil sands deposits. The report concludes that "with rational engineering and prudent business decision making, grass roots tar sands projects should…
Citing unavailability of credit to "some solar customers," MEMC Electronic Materials, Inc. (NYSE:WFR) lowered its fourth quarter 2008 revenue guidance from $500 million to $400-$425 million. The company also projects that gross margins will…
The amount of humiliation among OPEC oil ministers must be agonizing. Every time the cartel cuts supply, the price of crude drops like a rock. But, the ministers will not be denied their pound…
We’ve been following recent announcements of pullbacks in capital spending in the oil and gas patch. Every day it seems, one or two more companies announce that capital spending will be cut by up…
So much for deflation worries, and so much for an early end to the recession. OPEC shocked the market by saying it will cut production by 4.2 million a day. Most comments from the…
OPEC is serious now. The nut-ball dictators who run Iran and Venezuela need more money to balance their budgets and keep the flow of capital to terrorists going. In Saudi Arabia, the government has…
Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner to burn for electricity…
Cimarex Energy Company is one of those mid-cap energy stocks that is well-liked by institutional investors. Nearly 90% of the company’s stock is held by institutional investors. In good times, that’s good. In bad…
If you have been wondering if OPEC was going to cut production due to prices, the answer is a resounding "YES." It has been about as telegraphed as the sun coming up from the…
Bad news doesn’t surprise anyone any more, especially in the bio-refining business. Shareholder value in ethanol companies has all but evaporated. Now, we get news of a biodiesel plant going on the auction block.…
There is a new ETF in town, or at least a vehicle that is like an ETF, and this one tracks carbon allowances. AirShares™ EU Carbon Allowances Fund (NYSE Arca: ASO) began trading on…