Total’s (NYSE:TOT) main business today may be oil and gas, but it’s making aggressive moves to become a leader in renewable energy as well. Late last week, CEO Patrick Pouyanne said Total was ready to build 10,000 megawatts (MW) of solar power plants in France, enough to power 1.64 million homes, over the next 10 years.
If it follows through on that plan, Total will become one....More>>>
For a few years now, as I was covering the shale industry, I made it a point to highlight the need to pay very close attention to differing acreage quality within companies and between companies. It is a very important indicator of future profitability, which has been a very contentious issue in the past few years, as well as production growth prospects.
In the energy business, it is all about cash flow. Too many energy firms today have forgotten that simple fact. They finance their drilling with debt, then bow to Wall Streets insistence that they return profits to investors with dividends and share buybacks.
Thats an OK plan if you are Exxon (NYSE:XOM) or Chevron (NYSE:CVX) and you enjoy the kind of rating from Moodys, S&P, and Fitch....More>>>
Former Venezuelan oil minister Rafael Ramirez, already accused of corruption by his own country, now faces a lawsuit from a Houston energy firm alleging that it lost almost half a billion dollars over its refusal to pay bribes for contracts.
Harvest Natural Resources Inc. said that because it rebuffed four separate $10 million bribe demands from associates of Ramirez, Venezuela’s power....More>>>
Shares of a handful of small independent oil and gas producers, as well as a number of smaller oilfield service and equipment providers fell more than 10% on May 25.Profire Energy, Inc.(NASDAQ:PFIE), which manufactures burner management systems for oil and gas companies, fell 14.5%, while offshore energy industry transportation specialistBristow Group Inc(NYSE:BRS) fell 12.6%.....More>>>
June 15, 2018: The S&P 500 closed down 0.1% at 2,779.41. The DJIA closed down 0.4% at 25,088.05. Separately, the Nasdaq was down 0.2% at 7,746.38.
Friday was a down day for the broad U.S. markets. The Nasdaq took a day off from hitting new all-time highs and the S&P 500 is still holding just below the 2,800 mark. Crude oil got crushed in Fridays session and is back below $65. The....More>>>
SAUSALITO, Calif. Maurizio Reggiani, the director of research and development for storied Italian supercar builder Lamborghini, takes in the knife-edge lines of his latest creation, the $275,000 Huracan Performante. He is pleased.
“This car represents so much of what we are,” says Reggiani, who joined CEO Stefano Domenicali for a breakfast interview with USA TODAY Tuesday. “We....More>>>
It may be a new year, but Russia makes no secret of its long-term dissatisfaction with U.S. politics, the dollar and, by extension, U.S. monetary hegemony in the world.
Russia has been under U.S./Western economic sanctions for over three years. Meanwhile, oil prices have been lower for longer, as the saying goes, due to global competition for market share from U.S. fracking. The overall impact....More>>>
Oil futures eased to session lows on Monday, as the commodity struggled to find a footing ahead of an Organization of the Petroleum Exporting Countries meeting.
The two-day gathering that begins Monday in Abu Dhabi will discuss members compliance level to the output pact the cartel inked with 10 other oil suppliers, including Russia, in late 2016. The deal so far hasnt produced meaningful....More>>>
Franco-Nevada (NYSE:FNV) went public in the U.S. market more than a decade ago, and over that time, the company has established itself as a major player in an important niche in the natural resources industry. Franco-Nevada neither mines gold nor drills for oil, but by helping to finance projects that mining companies and oil drillers want to pursue, it ensures it can get a cut of the profits. That’s....More>>>
Exxon Mobil (NYSE:XOM) just reported earnings and the Street is selling on the news. The energy sector as a whole was getting beat up last week, and this is the first substantial selloff we have seen in the name for some time. We like to look at the name from a long-term perspective, and that necessitates that we have a solid grasp on the fundamentals of the name, especially since this is the one....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Abaxis (NASDAQ:ABAX)’s share price reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $83.24 and last traded at $83.09, with a volume of 174316 shares changing hands. The stock had previously closed at $82.35.