Russia Tells OPEC To Take A Hike
It must have been quite a sight. The former KGB agents who run Russia sitting across from OPEC billionaires in Armani suits. The Russian still buy their suits off the rack. The cartel had…
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Lower and lower oil prices are good for the broader economy, but they are bringing pain to the oil patch. Oil services giant Baker Hughes Inc. (NYSE: BHI) is demonstrating this more than any…
Low Energy Prices Remain Key To Recession’s Strength
Energy prices are on the back burner. The focus on economic growth, or lack thereof, has moved to whether credit markets will open up and how soon housing prices will recover. Focusing on mortgages…
Real Goods Solar In The Shade (RSOL, GAIA)
Real Goods Solar (NASDAQ:RSOL) came public in May at $10.00 per share (at the bottom of the $10 to $12 range) yet its trading high is only $9.25 this year. It has been dropping…
The Plot Thickens at SemGroup, L.P. (SGLP, BX)
Not every piece of SemGroup, L.P. was included in the company’s Chapter 11 filing back in July. The company’s publicly traded midstream subsidiary, SemGroup Energy Partners LP (NASDAQ:SGLP), was spared, as was SemGroup’s SemLogistics…
Kinder Morgan Hiking Payout, Yet Misses Targets (KMP, KMR)
After the market closed yesterday, Kinder Morgan Energy Partners (NYSE:KMP) reported EPS of $0.48 on revenue of $3.23 billion for the third quarter. This is a gain of more than 50% in earnings but…
EnCana Yanking Its Spin-Off (ECA, COP)
Back in May, EnCana Corporation (NYSE:ECA) announced that it would split the company in two. One part would take the company’s oil sands properties and the other would retain the natural gas business. The…
AmTech Issues Best Fundamental Alternative Energy Picks (ENER, FSLR, FSYS)
The research team over at American Technology Research has issued a report called "Our Best Dozen Fundamental Picks" going into earnings season. The research firm notes that investors are already prepared for a disaster…
Goldman Sachs Hits Oil Sector (BHI, EP, XOM, KMP, MMP, EPB, MRO, MUR, KGS, SLB)
In a perhaps late research call in the oilpatch, Goldman Sachs has downgraded the exploration & production sector to Neutral from attractive and downgraded the oil services sector to Neutral from Attractive. Interestingly enough.…
Margin Calls Wipe Out Chesapeake CEO Holdings (CHK)
If there has been one manager that has made serious cash on his investments in his own company’s stock, it is Aubrey McClendon of Chesapeake Energy Corporation (NYSE: CHK). But "has" is just what…
Transocean Taking Taxes To Switzerland From Cayman (RIG)
Transocean Inc. (NYSE:RIG), one of the world’s largest offshore drilling companies, is proposing to move its incorporation location from the Cayman Islands to Switzerland. To make the move, the company needs approval from the…
Chevron, The Economic Mess, and Tumbling Oil (CVX)
Yesterday’s interim update report from Chevron (NYSE:CVX) came out pretty much as we expected. The company projects significant improvement in downstream earnings and a drop in upstream earnings. Hurricanes in the Gulf of Mexico…
OPEC’s Chance To Kick The West While It’s Down
OPEC ministers have moved up the date of their annual Christmas meeting. This year they will be together for Thanksgiving. Odds are excellent that they may move that gathering up to next week. Brent…
Beacon Power Secures Additional Financing (BCON)
Beacon Power Corporation (NASDAQ: BCON) has received an investment commitment to fund ongoing operations and for further development. This will help to assist in the completion of manufacturing of flywheel systems for commercial deployment…
What Chevron is Likely to Say Might Not Matter (CVX, XOM, COP)
After the market closes today Chevron (NYSE:CVX) is releasing its interim update for the third quarter of 2008. Typically these updates paint a pretty accurate picture of what investors can expect from the coming…