Before the market opened this morning, LDK Solar (NYSE:LDK) reported third quarter earnings. The company earned $88.4 million (diluted EPS of $0.77) on revenues of $541.8 million. Analysts were expecting EPS of $0.71 on…
The news on the ethanol front this morning is, shall we say, mixed. First, Pacific Ethanol (NASDAQ:PEIX) announced yesterday that it would increase its non-cash impairment charge for the suspended construction of its plant…
The US Navy reports this morning that a Saudi-owned tanker, the Sirius Star along with its crew of 25, has been hijacked about 450 miles southeast of Mombasa, Kenya. This attack is just the…
The buyout of US driller Grey Wolf (NYSE:GW) by Canadian drilling company Precision Drilling Trust (NYSE:PDS) got its start back in April, when oilfield services company Basic Energy Services (NYSE:BAS) made an offer to…
Energy stocks rose along with the market in its 500+ point rally yesterday, and Clean Energy Fuels (NASDAQ: CLNE) did its part. It actually had a massive beta yesterday as its shares soared nearly…
As ironic as it may seem, the finances of OPEC members may be as bad as at any time in recent memory. They have become poor as quickly as they became rich earlier this…
The International Energy Agency released its World Energy Outlook yesterday. The headline number is that the IEA predicts oil prices will rise to $200/b by 2030. The agency cites rising demand from the developing…
Repsol YPF (NYSE:REP) is one of the ten largest integrated oil companies in the world. It is based in Madrid, and owns substantial assets in South America. Repsol reported third quarter earnings yesterday, but…
Penn West Energy Trust (NYSE:PWE) this morning reported third quarter revenues of $1.235 billion and earnings per diluted unit of $2.73. The company stated that the quarterly net income of $1.062 billion was "primarily…
With oil moving in the direction of $50 a barrel, analysts keep moving their target price for crude lower. The argument is simple. A huge global recession will undermine demand in the nations which…
One year ago, the share price for Energy Conversion Devices (NASDAQ:ENER) was $29.31. Shares rose to a 52-week high of $83.33, closing yesterday at $38.04. That’s off 52% from the high, but nearly 30%…
If BP plc (NYSE:BP) plans to buy Chesapeake Energy (NYSE:CHK) as the rumor mill has suggested, it had better hurry up while there’s still something left. Early this morning, Chesapeake announced that it had…
Pacific Ethanol (NASDAQ:PEIX) reported third quarter numbers this morning and any resemblance to VeraSun and Aventine (NYSE:AVR) is purely familial. Pacific had revenue of $184 million, compared with analysts’ estimates of $219 million, and…
There is a sector downgrade from Deutsche Bank today in the solar sector. Due to the rally from China’s stimulus package, the pre-market rally in stocks and oil prices, and the hopes that the…
T. Boone Pickens plans to ruin the American electricity infrastructure by overloading it with power from his windmill farms. He may have access to cheap energy, but he may not have access to a…