Energy

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Controlling Expenses is the Name of the Game (FWLT, RIG)

This morning, Foster Wheeler Ltd. (NASDAQ:FWLT) and Transocean Inc. (NYSE:RIG) both reported earnings before the market opened. Both reported good earnings, but there are some warning signs to note in each.

Douglas A. McIntyre · 18 years ago

Verenium Scores on BP Cellulosic Ethanol Pact (VRNM, BP)

We noticed Verenium Corp. (NASDAQ: VRNM) over at our "price/volume spike" this morning and realized what the cause was.  The company’s stock is gapping up significantly after announcing that it has secured a biofuel…

Douglas A. McIntyre · 18 years ago

Hoku Scores Another Substantial Supply Pact (HOKU)

Hoku Scientific, Inc. (NASDAQ: HOKU) has just announced that its Hoku Materials subsidiary and Tianwei New Energy (Chengdu) Wafer Co., Ltd. have signed a definitive contract for Hoku’s sale and delivery of polysilicon to…

Douglas A. McIntyre · 18 years ago

Otter Tail Loses Its Tail (OTTR)

Otter Tail Corp. (NASDAQ: OTTR) may have been caught with its tail between its legs.  The small diversified mini-conglomerate has warned that its earnings were going to fall short of expectations.  For those new…

Douglas A. McIntyre · 18 years ago

Oil Price Slide Likely To Stop At $120

Economists are giddy over the prospects of $100 crude. Predictions of oil dropping to that level are almost as prevalent as were forecasts of $200 just three months ago. The swings in the forecasts…

Douglas A. McIntyre · 18 years ago

As Oil Breaks $120, Traders Looking Lower

Does it seem odd that oil prices have continued to fall despite a fairly rapid tropical storm in the Gulf of Mexico developed over the weekend, while a Valero plant had a minimal outage…

Douglas A. McIntyre · 18 years ago

Good Earnings Aren’t Always Enough (CVX, EGO, EQT, TDW)

Pre-open earnings came out today for Chevron (NYSE:CVX), El Dorado Gold (NYSE:EGO), Equitable Resources, (NYSE:EQT), and Tidewater (NYSE:TDW). Two play in the oil and gas patch, one is an oilfield services company, and one…

Douglas A. McIntyre · 18 years ago

WIND POWER IPO FILING: First Wind Holdings (WNDY)

We’ve just seen a filing for an initial public offering from First Wind Holdings Inc., which  looks actually to be a holding company that owns class A and class B "Units" of First Wind…

Douglas A. McIntyre · 18 years ago

Aventine Renewable Braces For Earnings (AVR)

Aventine Renewable Energy Holdings, Inc (NYSE: AVR) is set to report earnings after today’s close.  First Call has estimates pegged at $0.13 EPS on $611.6 million in revenues.  If it offers guidance, estimates are…

Douglas A. McIntyre · 18 years ago

Black Gold Drives Exxon (XOM)

Exxon-Mobil (XOM) has proven once again that while the rest of the economy is in rags, big oil mints money. And, that is the way it should be. No one holding shares in the…

Douglas A. McIntyre · 18 years ago

T. Boone Pickens For President

T. Boone Pickens is a Whirling Dervish of a man. At 84, he spins from Congressional appearances to CNN and then stages his own town hall meetings on alternative energy. Pickens now makes more…

Douglas A. McIntyre · 18 years ago

Standard Oil Earnings On Deck: Exxon vs. Chevron (XOM, CVX)

This week has already been an interesting week in the oil patch, but for big oil stocks the expression "You ain’t seen nothin’ yet" is perhaps more appropriate than ever.  On Thursday morning we’ll…

Douglas A. McIntyre · 18 years ago

First Solar Lights The Sky (FSLR)

First Solar, Inc. (Nasdaq: FSLR) is soaring after the close.  The company just announced its quarterly earnings of $0.85 EPS on $267 million in revenues.  First Call has estimates pegged at $0.58 EPS on…

Douglas A. McIntyre · 18 years ago

Can Gas Prices Make It Back To $3 This Year?

Through much of the spring and early summer, Wall St. experts and oil analysts said gasoline could break above the $5 barrier as oil moved close to $150 a barrel and vacation travel increased.…

Douglas A. McIntyre · 18 years ago