Conoco (COP) is selling its gas stations, following Exxon (XOM) out the exit door. Perhaps there is a greater fool; a company that thinks it can make money on a business that Conoco believes…
Maybe things aren’t all that bad over at GT Solar International Inc. (NASDAQ: SOLR). The recently public company posted earnings after the close posted net income of $5.1 million and earnings of $0.03 on…
It is hard to make money when your own government has policies that prevent it. PetroChina (PTR) followed China Petroleum (SNP) to the earnings wood shed. According to the AP, PTR is expected to…
Anadarko Petroleum Corporation (NYSE: APC) has authorized a rather large stock buyback plan, and it appears to be onbe of the larger buybacks we have seen in the sector on a relative basis and…
The board of directors of Grey Wolf, Inc. (AMEX:GW) has been trying to sell the company for at least a couple of months at a higher price. Today, they appear to have gotten their…
"Never wise up a chump:–W.C. Fields Today almost every paper carries a headline about gas prices falling $.15 in the last two weeks. Regular petrol is down to $3.75. Americans can take to the…
Oil Services are deemed by many market pundits as being more insulated than integrated oils, refiners, and other sub-sectors of the energy sector for oil and gas. While these frequently move in-line with oil…
Goldman Sachs (GS) says oil will be back at $149 at the end of the year. The investment bank reiterated its year-end price forecast of $149 a barrel for U.S. crude oil, and said…
Just looking at the drop in price for common units of pipeline master limited partnerships could lead one to believe the midstream business is going to hell in a handbasket. DPC Midstream Partners (NYSE:DPM)…
The tug-of-war over oil prices has been going to the bears recently. Even with a storm near the Gulf of Mexico, crude moved down toward $112. Some experts are taking the long view and…
Even with oil prices well off of recent highs, these are still very much considered as above historical highs. The large integrated oil companies have experienced either declines or very small gains in value…
So far there has been little evidence that the "war" between Georgia and Russia has done anything of substance to increase the price of oil. At the beginning of the conflict, there was a…
If the primary motivation of the rich is greed, then the OPEC member states are no exception. Now that oil prices have begun to drop, so has talk of cutting supply. "The market is…
It boggles the mind that US consumers could spend more on gas than they do on cars. But, that is precisely what happened two months ago. Gasoline accounted for about 4.4 percent of spending…
According to Reuters and The New York Post, T. Boone Pickens’ BP Capital hedge fund was down 35% in July. The fund manages $7 billion. Of course, that loss is probably only on paper.…