Oil baron and billionaire T. Boone Pickens said early this morning on a CNBC interview that the price of crude is unlikely to fall much below $100 per barrel. His argument is fundamental rather…
Two months ago, it was unimaginable that crude could drop below $100. The stink of $147 oil was still in the air. Eulogies for the car and airline industries were being written. The average…
The ups and downs of the government’s attempts to get a bailout package for financial institutions is leading the major players in the oil patch to remain really quiet. Given the yelping not so…
This morning Plains Exploration (NYSE:PXP) announced the sale of its oil and gas properties in the Permian and Piceance Basins for $1.25 billion to Occidental Petroleum (NYSE:OXY). This sale highlights two of the main…
Many traders and short sellers have loved targeting solar power and other alternative energy stocks. Interestingly, bets against these companies have not risen dramatically even though many of them are under pressure from falling…
As you will see below, there were many key changes to short sales in oil stocks. Some of these would have been expected to have gone up because oil was so weak. But there…
For months we have been under the potential disaster scenario where solar tax credits were going to expire and end at the end of 2008. Despite the calls for energy independence and a move…
Smith International, Inc. (NYSE: SII) has just filed a mixed securities shelf registration statement. This will allow the oil and gas services company to sell debt, common stock, and units for an unspecified sum.…
A 50/50 joint venture between OGE Energy (NYSE:OGE) and Energy Transfer Partners (NYSE:ETP) will create a new midstream company, currently called ETP Enogex Partners LLC, to transport natural gas from Texas and Oklahoma to…
The titanic global recession and anxiety about the government’s failure to quickly fix the credit crisis pushed the price of oil up higher than it has been for months. High gas prices and slow…
Oil is performing as though there were no sellers today. Recalling a single $20.00 move up in the price of oil in a single day is elusive, but a gain of $18.66 per barrel…
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 b/d to 250,000-280,000 b/d.…
A good thing happens, but a bad thing happens. The current market works that way. All the arrows never point in the same direction. As word of the government’s bank bailout spread, crude oil…
Otter Tail Corp. (NASDAQ: OTTR) is trading lower this morning after pricing its secondary offering. The proposed 5 million share offering came in at 4.5 million shares. It also priced at $30 after closing…
A long-awaited move is finally happening. SunPower Corporation (NASDAQ:SPWR) has registered more than 42 million shares of Class B common stock owned by Cypress Semiconductor (NYSE:CY) to be distributed in a spin-off to stockholders.…