In a bit of good news this morning for Chesapeake Energy Corporation (NYSE:CHK), the Deutsche Bank analyst who downgraded Range Resources Corporation (NYSE:RRC), Southwestern Energy Company (NYSE:SWN), and Devon Energy Corporation (NYSE:DVN) maintained Chesapeake…
CNX Gas Corporation (NYSE:CXG) reported this morning that it is producing 6.5 million cubic feet of natural gas production from a well in the Marcellus Shale. The well represents CNX’s highest daily production rate…
News from the energy patch just keeps getting worse. Global consumption is down, consumer prices are down, and just about every company is reducing spending on exploration and production. This morning a Deutsche Bank…
OPEC wants to see oil prices higher, much higher. Some of its member nations are running huge national deficits now that the price of crude has gone from $147 last summer to under $50.…
Goldman Sachs is adding more sticks and branches on the blazing pyre for commodities bulls. The firm has cut many commodity price targets for 2009. While this is affecting the psyche of traders today,…
Energy company asset sales have become just about the only news in the energy business. No mergers, no acquisitions, no bankruptcies, just sales. Companies are trying to position themselves and their portfolio of assets…
In an announcement late yesterday, JA Solar Holdings (NASDAQ:JASO) cut its revenue estimate for the fourth quarter to $124 million, down from a range of $191.5-$220.9 billion. The company did not change its guidance…
Vladimir Putin must be unhinged. Just a few months ago he was able to wage war on his neighbor and threaten the West by saying that he would withhold his vast supply of oil…
With oil tanking, many alternative energy stocks and solar stocks have been paying for it. They were the leveraged winners when oil was running up and now they are paying the price on the…
Yesterday, we reported on a deal involving a master limited partnership buying a property from the owner of its general partner. Last night, Encore Energy Partners (NYSE:ENP) announced that it bought about 1,800 producing…
Falling crude oil prices have hit Russia particularly hard. The country needs a crude price of about $70/b to cover production costs and to fund the government. So, what do they do when the…
OPEC ministers are indicating that when they meet later this month, they may cut production by two million barrels a day. That would be on top of a similar cut in September. Neither the…
Energy stocks have taken a pounding since crude oil prices started falling in July. In virtually every part of the energy business, share prices for the premiere companies are off by as much as…
Clayton Williams Energy (NASDAQ:CWEI) is a small-cap oil & gas E&P company that has seen its share price fall by more than 70% a 52-week high of $122.50 to close yesterday at $33.81. The…
Duncan Energy Partners L.P. (NYSE:DEP) announced yesterday that it had purchased limited partnership interests in several midstream assets belonging to Enterprise Products Partners L.P. (NYSE:EPD). These two companies have more in common than just…