Devon Closes Another African Operations Sale (DVN)
Shares of Devon Energy Corp. (NYSE: DVN) are up slightly as the company has closed on the sale of another asset in Africa. The company closed upon the sale of its operations in Gabon,…
Energy
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Newest first · Page 494Energy Spin-Offs Still Outstanding (ETR, CVI)
Last week, we noted in "Trouble Brewing in Oil & Gas MLP Land" that many MLP spin-offs had either not been coming public since their IPO filing dates, but there are more deals that…
ZAP Additional Funds Raised… From the U.A.E. (ZAAP)
There is some interesting financing news this morning, even if the financing is not one of massive proportions in private equity, venture capital, or in sovereign-type investments. An OTC-BB listed stock called ZAP (OTCBB:…
Saudis To Up Oil Production After US Pressure=$100 Oil
Saudi Arabia will increase oil production by 300,000 barrels a day, a significant jump. The price of crude should drop sharply when the market opens. According to the FT "Analysts said it was likely…
Ascent Solar Bogged Down By Spot Offering (ASTI)
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) is seeing shares under pressure because of its secondary offering. The company priced a secondary offering of 3,800,000 shares of common stock for $14.00 per share. After the…
The Petroleum Price Problem: Guns For Oil
The balance of trade between the US and its Arab allies has taken several odd twists since the price oil began to move up sharply last year. The US buys oil at $125 a…
Goldman Sachs Pushes Up 2008 Oil Forecast To $141
Goldman Sachs (GS), king of the oil bulls, has raised its forecast for oil prices in the second half of this year to $141 from a previous estimate of $107. For those without a…
The Oil Refiners’ New Ouija Board
Oil refiners have decided to produce more diesel and less gas. They believe that diesel is more profitable, which is true, and that demand for it will rise in developing countries, which may not…
Trouble Brewing In Oil & Gas MLP Land? (PAA, OGE, DVN, XCO, VQ, WES, APC, BSR)
We have tracked these Master Limited Partnerships (MLP’s) and spin-offs or carve-out IPO’s from larger oil and gas companies for quite some time. What is amazing is that despite the rapid rise in oil…
UBS Hikes Oil (CVX, DO, HERO, NE, PDE, RDC, RIG)
UBS has raised its raw oil price targets for 2008 to 2010 and has lifted its coverage in the oil sector. UBS also initiated coverage on some of the oil and drilling companies this…
JP Morgan (JPM) Moves Into Oil Trading, Just Too Good To Pass Up
JP Morgan (JPM) will start to trade oil by the end of this year, and that is not just futures. According to Reuters "We will start trading in physical oil and refined products by…
Fluor Adds Wind To Its Pocket (FLR, SI, RDS.A)
Fluor Corporation (NYSE:FLR) won a contract from Scottish & Southern Energy to construct a 500 MW wind farm, the world’s largest, off the coast of Suffolk in the UK. Fluor will book the $1.8…
Lazard’s Alternative Energy Calls (CSIQ, LDK, JASO)
Between late yesterday and early today, Lazard Capital Markets’ Sanjay Shrestha has keyed on many of his alternative energy picks after earnings or other news. Among the calls are Canadian Solar, Inc. (NASDAQ: CSIQ),…
Petro-Canada, New Debt For Old Debt (PCZ)
Petro-Canada (NYSE: PCZ) is selling a total $1.5 Billion in debt to a syndicate of underwriters in the United States. Of the full offering, some $600 million in debt of 6.05% 10-year Notes due…
Can Solar Drive Applied Materials Earnings? (AMAT)
Tuesday after the close, we’ll get to see earnings out of Applied Materials Inc. (NASDAQ: AMAT). The estimates for the semiconductor fabrication company from First Call are $0.22 EPS on $2.14 billion in revenues. …