Forum Oilfield Technologies, Inc. has just filed to withdraw its IPO application. The reason: "due to market conditions." This was one we had previously noted that would have the NYSE ticker of "FOT" if…
Plains GP Holdings, L.P. withdrew its IPO filing this morning, stating that the withdrawal it is “consistent with the public interest and the protection of investors.” Plains originally filed its IPO paperwork on August…
Venezuela nut-case and president-for-life Hugo Chavez says no more oil for Uncle Sam. American’s most profitable company, Exxon (NYSE: XOM), has court cases pending to try to get reparations for assets taken from it…
Evergreen Solar, Inc. (NASDAQ: ESLR) has seen its shares hit harder than most of the other solar stocks this week. On this last Monday it filed to sell 20 million shares of common stock…
OPEC members are beginning to talk about cutting production in March. The reason is to keep prices high. Oil now trades near $92 a barrel. According to MarketWatch "Lower demand coupled by economic hurdles…
Just as unstable Venezuelan president Hugo Chavez thought he was making off with $12 billion in Exxon assets the world largest oil company got him into court. The Exxon property was being taken as…
Ethanol is supposed to be good for the environment. It throws off less greenhouse gas that carbon-based sludge like oil and coal. OPEC has even asked the US to slow down development of alternative…
Real Goods Solar, Inc. has filed to come public via an initial public offering. For filing purposes the company has a proposed maximum offering set at $57.5 million. It will have the proposed NASDAQ…
K Road Acquisition Corporation, a SPAC, or special purpose acquisition company, submitted an IPO filing last Friday. The filing shows $300 million proceeds targeted at $10.00 per unit, each unit will consist of one…
On Monday, we’ll get to see earnings out of Archer-Daniels-Midland Co. (NYSE:ADM). The estimates from First Call for the agriculture giant are $0.74 EPS on $12.65 Billion in revenues. Estimates for fiscal June 2008…
Chevron Corp. (NYSE: CVX) has posted strong earnings today, although there are some mixed operational numbers that might bring at least some pause for shareholders. Higher oil prices are finally generating higher profits for…
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly profits on…
It is all about the "Benjamins". OPEC wants more money, every month of every year. The cartel signaled that it will not increase oil production at its current meeting. Their reason is that the…
Baker Hughes Inc. (NYSE: BHI) has announced its earnings for the fourth quarter 2007:. The oil services company posted net income of $400.5 million or $1.26 diluted EPS. This compares to $326.2 million or…
Valero Corp. (NYSE: VLO) shares are trading up almost 10% after the company posted earnings. Valero has been what seems like habitually hampered with higher refining costs more than it has been a beneficiary…