Oil Price Up 3.5% On US/Canada Pipeline Fire Show Risks Of Price Rise
Is a pipeline fire that might temporarily interrupt the flow of oil between Canada and the US worth a 3.5% rise in global oil prices? The market thinks so. Crude is up well over…
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Newest first · Page 507The Business Day In Global Warming (MDR, GOOG, FTEK, GFET, ACPW, HPQ, YGE, GLW, HOKU, SOLF, HMC, CPST)
McDermott (NYSE:MDR) realigned its its B&W into 4 units, mostly aspects of nuclear but it also is focusing on cleaner coal and carbon capture. Google (NASDAQ:GOOG) is going greener than green with a new…
As Transocean Hits All-Time Highs, Fitch Cuts Rating (RIG)
Maybe the ratings agencies are finally doing their job by monitoring leverage, and maybe the ratings companies are overly alert since they fell asleep at the wheel during the entire CDO meltdown on Wall…
Google Goes Greener Than Green (GOOG)
Google has just issued a press release and announced a new strategic initiative to develop electricity from renewable energy sources that will be cheaper than electricity produced from coal. The newly created initiative, known…
McDermott Realigns Its Nuclear Unit (MDR)
McDermott International Inc. (NYSE:MDR) is undergoing a bit of an interesting restructuring in its Babcock & Wilcox Company subsidiary. It is reorganizing into four groups including the newly formed nuclear power group and launch…
Hoku Shares Surge On Another Supply Award (HOKU, SOLF)
Shares of Hoku Scientific Inc. (NASDAQ:HOKU) are surging pre-market. The provider of clean energy products and technologies including polysilicon for the solar industry has announced that Solarfun Power Holdings’ (NASDAQ:SOLF) Hong Kong unit signed…
IPO Filing: Whiting Trust, From Whiting Petroleum (WLL)
Whiting USA Trust I has filed yesterday to sell up to $195 million in units in an initial public offering. This is an Austin-based trust structured in October 2007, and is essentially being sold…
Analyst Calls For China Sunergy Lower (CSUN)
China Sunergy Co. Ltd. (NASDAQ:CSUN) is seeing shares trade lower after today’s disappointing earnings. Lazard Capital Markets’ Sanjay Shrestha has maintained his "Sell" rating today with a whopping $6.00 target ($7.59 today, down 5.5%). …
How Investors Should View Honda’s Fuel Cell Car (HMC, F, TM, BLDP, ZAAP)
The promise of fuel cell cars has been a long arduous prospect for investors and for green-tech consumers alike. Last week marked the more official unveiling of Honda Motor’s FCX Clarity, the coming fuel…
Two Big Reasons Crude Will Go Higher
There would seem to be enough reasons for crude oil to continue its assault on $100, but two more have cropped up, and they may be more powerful than the rest. New information shows…
Venezuela’s Chavez Threatens US With Oil Prices In “Hundreds Of Dollars”
Hugo Chavez, president of Venezuela, does not seem to be a stable sort, but he does have a flare for the dynamic. Opening the current meeting of OPEC, he threatened the the West saying…
FedEx Comes Clean, and Punishes Transports (FDX, UPS, YRCW)
FedEx Corp. (NYSE:FDX) is seeing shares trade lower today on an earnings warning. Rapidly rising oil prices and a slowing economy with lower shipping volumes are unable to be entirely hedged. The air cargo…
Oil Prices Rise Again As OPEC Refuse Help
Oil is back above $94 on the New York Mercantile Exchange. The market is assuming that gas consumption will stay strong on holida travel and that a cold winter will also keep demand high.…
An Economics Lesson From OPEC
For those who missed Econ 101 in college, most of the reading and lectures were about supply and demand. Prices go up when demand out-paces supply. The theory still works. But, the ministers of…
Lazard Defends Solar, On Pullbacks (ENER, ESLR, FSLR, SPWR, STP)
Lazard Capital Markets has issued a defense of the solar power companies today. Analyst Sanjay Shrestha noted that these stocks can be bought on dips. It is no secret of late that calling these…