Excluding special items, National Oilwell Varco (NYSE:NOV) reported second quarter 2008 income of $486.5 million, or $1.20 EPS. During the quarter, the company paid $62.5 million related to its merger with Grant Prideco, took…
Valero Energy Corp. (NYSE:VLO) reported more bad news this morning on the earnings front, even though the bad news isn’t as bad as many feared. Second quarter income from continuing operations totaled $734 million,…
On Tuesday morning, we’ll get to see earnings out of National Oilwell Varco, Inc. (NYSE: NOV). The oil rig and components manufacturer is expected to post $1.13 EPS on $3.2 Billion in revenues. Estimates…
IPO traders and investors are probably wishing they never heard of GT Solar International Inc. (NASDAQ: SOLR). The company fell roughly 12% yesterday but that is just the start of it. Right after the…
If you trade small-cap alternative energy (or less-brown energy stocks), then Capstone Turbine Corp. (NASDAQ: CPST) has likely come across your desk. Despite a recent pounding with a 35% pullback, shares are still up…
Baker Hughes Incorporated (NYSE: BHI) has decided to release some of its cash as a reward for its shareholders. The company has just jacked up its dividend to $0.15 per share, up about…
Before today’s opening bell, four players in the oil patch released their second quarter numbers. Suncor (NYSE:SU), Enterprise Products Partners (NYSE:EPD), EnCana (NYSE:ECA), and Smith International (NYSE:SII) all posted good numbers, but the outlook…
Late yesterday afternoon, a bankruptcy court in Delaware has approved SemGroup LP’s Chapter 11 filing. One of the company’s subsidiaries, SemGroup Energy Partners LP (NASDAQ:SGLP), is publicly traded and not included in the bankruptcy…
The IPO market might be dead of late, but we did get an IPO pricing for trading this morning. GT Solar International Inc. (NASDAQ: SOLR) did raise approximately $500 million in this pricing. Its…
First Solar, Inc. (NASDAQ: FSLR) announced that the company will construct a 10 megawatt photovoltaic (PV) power plant for Sempra Generation near Boulder City, Nevada. Sempra Generation is a unit of San Diego, California-based…
After four years of poking around in the Arctic Circle, the U.S. Geological Survey found that about 20% of the world’s untapped oil is there beneath the ice. Of course, that ice is melting…
MEMC Electronic Materials Inc. (NYSE: WFR) is a company that just can’t seem to get its act together. The stock is being crushed after its earnings report. It appears that the company "encountered unanticipated…
There has been a lot of speculation that speculators have been causing high oil prices. Perhaps demand in India and China do not do much to the rising cost of crude. Flat supplies from…
Former big oil man and corporate raider turned wind-power advocate T. Boone Pickens says that oil could hit $300 a barrel if the US cannot cut back on importing the stuff. The best way…
State Street Corporation (NYSE: STT) announced that its State Street Global Advisors unit is launching 10 new SPDR exchange-traded funds, which are supposed to begin trading on the American Stock Exchange today. SPDR(R) S&P(R)…