Oil: $50 Or $100? Is Brazil The New Saudi Arabia?
The price of oil will be pushed in two directions next week. That leaves aside the pressure that will come from a promised cut in supply by OPEC. The head of Saudi Aramco, the…
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Newest first · Page 475Will BP Buy Chesapeake? (BP, CHK)
BP plc (NYSE:BP) shares are up about 2.5% pre-open today on rumors that the British petroleum giant is considering making an offer for Chesapeake Energy (NYSE:CHK). Chesapeake is the largest natural gas producer in…
Frontier Oil, Refiner Earnings Lagging Peers (FTO, SUN, WNR, VLO)
Frontier Oil (NYSE:FTO) released its third quarter earnings yesterday, and the news was not good. EPS was $0.70, down from $1.28 a year ago, and below analysts’ estimates of $0.73. Revenues rose to $2.2…
Low Oil Toll: Conoco Delays Saudi Refinery (COP, TOT, CVX)
About two and a half years ago when crude oil prices were heading up at a pace never before seen, the Saudi Arabian oil minister claimed that there was plenty of oil, but not…
GT Solar Finds Redemption (SOLR)
GT Solar International, Inc. (NASDAQ: SOLR) posted strong earnings and mixed guidance, but shares are recovering handily after the report since its stock has been beaten down so much since coming public this summer. …
Refiners Getting Well, But For How Long? (SUN, WNR)
Crude oil refiners Sunoco (NYSE:SUN) and Western Refining (NYSE:WNR) reported earnings this morning before the market opened. Sunoco posted diluted EPS of $4.70 on revenues $16.109 billion. Western reported diluted EPS of $1.61 on…
CVR Energy: Refining Down, Fertilizer Up (CVI)
Before the market opened this morning, CVR Energy (NYSE:CVI) released is third quarter earnings. EPS reached $1.16 and revenues totaled $1.58 billion. Analysts expected EPS of $0.75 on revenues of $1.04 billion, so CVR…
Oil Back To $100
It is fairly easy to imagine oil trading at $65 for a long time or even moving lower. What is not easy to imagine is why oil would rise 100%. The trend has been…
The Devon in the Details, a Bunt (DVN, APA, XOM, CVX, COP)
Before the market opened this morning, Devon Energy (NYSE:DVN) reported third quarter net income of $2.6 billion (EPS of $5.92) on revenue of $5.99 billion. After backing out a non-cash gain from derivatives of…
Foster Wheeler, Transocean: Revenues Up, So Are Costs (FWLT, RIG)
Before market open this morning, major oilfield services players Foster Wheeler Ltd (NYSE:FWLT) and Transocean Inc. (NYSE:RIG) reported third quarter earnings. The short version is both missed EPS estimates, while surpassing revenue expectations.
ADM Shows Issues in Corn vs. Crude (ADM, VSE, APC, HOC, PEIX, AVR)
This morning’s earnings report from Archer-Daniels-Midland (NYSE:ADM) offers proof that if a company is going to be in the ethanol business, it had better have a fallback position. ADM blew past analysts’ estimates of…
W&T Offshore: Good Quarter Even With Hurricanes (WTI)
Before the market opened this morning W&T Offshore (NYSE:WTI) reported third quarter EPS of $1.03 on revenue of $290 million. Analysts had been expecting EPS of $0.82 on revenue of $276 million. Backing out…
Nicor: Shares Could Head South Today (GAS)
This is a story about that rare thing these days: a company with a stock price higher today than it was a year ago. Unfortunately, that may change following today’s release of third quarter…
As Verasun (VSE) Goes Chapter 11, The Ethanol Industry Faces Serial Failures
The most prominent ethanol energy company in the US, Verasun (VSE), is filing for Chapter 11. Among other things the firm has been pinched by falling oil prices, which make ethanol less attractive, and…
The Burning Man Visits Ethanol (PEIX, AVR, VSE)
Ethanol stocks have been getting pounded since their IPOs and the sector has lost its luster. Pacific Ethanol Inc. (NASDAQ:PEIX) was the exception for a while as it has Bill Gates as an investor…