OPEC’s Secret: Oil Field Supply Is Dropping
OPEC may have to cut production now to get crude prices back to a level which will allow its members to get back the tens of billions of dollars they lost as the price…
Energy
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Newest first · Page 477Can Exxon Mobil Earnings Continue Recent Strength? (XOM)
If you look through today’s earnings winners, many of them are oil-related stocks. Today, Exxon Mobil Corp. (NYSE: XOM) said it would announce its earnings on Thursday. It will also have a conference call…
ATP: Buybacks, Sales & The Future (ATPG, APC)
ATP Oil & Gas (NASDAQ:ATPG) is a small-cap E&P company that is desperately trying to improveits share price. It is trading today about 85% lower than its 52-week high.That stinks and the company knows…
Low Oil Prices, Yet High Oil Profits (OXY, BP, VLO, COP)
This has been a very sketchy earnings season, and the crazy stock markets have offered very little help in being able to evaluate many companies. But despite the massive drop in oil prices from…
OPEC Ready To Cut Production ASAP
OPEC is not an organization that likes to leave money on the table. And, it has done so for far too long, at least according to a number of its members. Recently, banks in…
TEPPCO Piping Earnings (TPP)
TEPPCO Partners (NYSE:TPP), a pipeline master limited partnership, reported third quarter earnings of $0.40/common unit on revenues of $4.2 billion. Analysts were expecting $0.43/common unit and revenues of $3.36 billion. Net income totaled $47…
Smith International, Good Enough (SII)
Oil field services company Smith International (NYSE:SII) reported third quarter earnings before the market opened this morning. EPS reached $1.00 on revenues of $2.85 billion. Analysts were expecting EPS of $0.97 and revenues of…
Valero Set To Win In New Pricing Environment (VLO)
Valero Energy Corp. (NYSE: VLO) looks set to surge after the refinery giant posted earnings. The company posted $1.86 EPS from continuing operations, which may have some questionable numbers because some other operations from…
UBS Ditches Solar Stocks (ENER, ESLR, SOLR, SPWRA)
UBS is issuing a downgrade on many of the solar stocks this morning. While this call may be late, it does echo some of the issues brought up recently which signals that some of…
A Final Peek At Valero Earnings (VLO)
Valero Energy Corp. (NYSE: VLO) is set to report earnings Tuesday morning. First Call has estimates pegged at $1.46 per share and $36.43 billion in revenue. Oil companies and refiners rarely give guidance. Valero…
Boardwalk Pipeline Partners Scores (BWP, L)
Boardwalk Pipeline Partners (NYSE:BWP) today announced 2008 third quarter net income of $73.6 million, up 84% from the third quarter of 2007. Nearly 40% of that increase was attributed to increased gas sales and…
Another Fed Cut And Another OPEC Cut: 1+1=0
Las Vegas odds are currently 10-to-1 in favor that the Federal Reserve will cut rates at its upcoming meeting. This was not going to happen. The Fed is never to act just before a…
An OPEC Cut That Doesn’t Count
OPEC said it would cut oil production by 1.5 million barrels a day. Its normal output is about 32 million, so in most cases since the embargo in 1973/74, that would mean a lot.…
Solar Paradise Woes: Order Cuts, Sooner Than Expected (DUK, FSLR, SPWRA, STP, ESLR, LDK)
There has been quite a bit of data calling for a supply glut in 2009 with oversupply patterns existing in 2010 and beyond. This seems counterintuitive if you consider the trends toward alternative energy,…
Has National Oilwell Varco Bottomed? (NOV)
National Oilwell Varco, Incorporated (NYSE: NOV) reported earnings this morning, and if you have followed stocks in the oil patch you are quite aware that the company has been far from immune to the…