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(BHI) U.S. Oil Drilling Rig Count Remains in Check

vitalstocks — Wed, 01 Feb 2012 19:18:10 +0000

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as an increase in the number of oil and miscellaneous rigs was offset by a fall in the gas rig count. The Baker Hughes rig count, [...]

(BHI) U.S. Oil Drilling Rig Count Remains in Check

(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices

InvestmentU — Tue, 31 Jan 2012 16:50:39 +0000

by Mike Kapsch, Investment U Research Tuesday, January 24, 2012 Since hitting a high of $15.37 in December 2005, the price of natural gas has plunged to its lowest level in over a decade to $2.30. That’s an 85% drop. As Reuters recently reported, “The unrelenting surge in shale gas production and one of the [...]

(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices

(EMN) Eastman Chemical to Acquire Solutia

vitalstocks — Tue, 31 Jan 2012 16:39:36 +0000

As part of its expansion strategy, Eastman Chemical Company (EMN) announced its plans to acquire Solutia Inc. (SOA), a global leader in performance materials and specialty chemicals, for $3.4 billion in cash and stock. The transaction is expected to close in mid-2012. As per the agreement, Solutia stockholders will receive $22.00 in cash and 0.12 [...]

(EMN) Eastman Chemical to Acquire Solutia

(AA) Stock Market News for January 26, 2012 – Market News

vitalstocks — Thu, 26 Jan 2012 16:07:39 +0000

Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq to a finish in the green. The Dow Jones Industrial [...]

(AA) Stock Market News for January 26, 2012 – Market News

(APA) Company News for January 24, 2012 – Corporate Summary

vitalstocks — Tue, 24 Jan 2012 17:19:54 +0000

• Fifth Street Finance Corp’s (NASDAQ:FSC) shares declined 5.11% to close at $10.02 after the company initiated a public sale of 10 million shares • Share of natural-gas producer Chesapeake Energy (NYSE:CHK) gained 6.3% after the company announced it plans to further reduce dry-gas drilling activity by half and limit its gas production by about [...]

(APA) Company News for January 24, 2012 – Corporate Summary

(CVX) Chevron: Still a Good Value

vitalstocks — Sun, 22 Jan 2012 17:54:20 +0000

San Ramon, California-based Chevron Corporation (CVX) is one of the six super major oil and gas companies in the world and the second-largest energy firm in the U.S. behind Exxon Mobil (XOM). As a vertically-integrated oil entity, it is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of [...]

(CVX) Chevron: Still a Good Value

(CVX) Chevron Hits Australian Gas Again

vitalstocks — Sat, 21 Jan 2012 20:38:23 +0000

The Australian subsidiary of global integrated energy company Chevron Corp. (CVX) announced the discovery of natural gas in the Satyr-3 well, offshore Western Australia. This discovery, 113 miles north of Exmouth Plateau area, marks Chevron’s thirteenth in the country since mid-2009. Located in the WA-374-P permit block in the Carnarvon Basin, the well was drilled [...]

(CVX) Chevron Hits Australian Gas Again

(FTI) FMC Technologies and Anadarko Sign Service Deal

vitalstocks — Wed, 18 Jan 2012 20:42:39 +0000

Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based exploration and production company Anadarko will utilize the services for the development of the [...]

(FTI) FMC Technologies and Anadarko Sign Service Deal

(RRC) Range Resources’ Production Reaches New High

vitalstocks — Wed, 18 Jan 2012 20:40:55 +0000

In an interim update, independent oil and gas operator, Range Resources Corporation (RRC) announced that it achieved record production in the fourth quarter of 2011. The production increased 16% on both a year-over-year as well as sequential basis to reach an average production volume of 625 million cubic feet of gas equivalent (Mmcfe) per day. [...]

(RRC) Range Resources’ Production Reaches New High

(APC) Anadarko Petroleum Hits Another Gas Find

vitalstocks — Wed, 18 Jan 2012 20:40:31 +0000

Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect has 15 -30 trillion cubic feet (Tcf) of recoverable natural gas. The exploration well [...]

(APC) Anadarko Petroleum Hits Another Gas Find

(KGC) Kinross Gold Declares 2012 Outlook

vitalstocks — Tue, 17 Jan 2012 18:21:13 +0000

Kinross Gold Corporation (KGC) declared preliminary operating results for full-year 2011 while providing guidance for 2012. Kinross expects 2011 production to be approximately 2.6 million gold equivalent ounces and cost of sales to be approximately $600 per gold equivalent ounce, both of these are equivalent to the the company’s previous guidance range. 2012 Outlook In [...]

(KGC) Kinross Gold Declares 2012 Outlook

(WTI) Energy and Commodities For 2012

InvestmentU — Sun, 15 Jan 2012 19:13:53 +0000

by David Fessler, Investment U Senior Analyst Wednesday, December 21, 2011: Issue #1669 As my colleagues have done earlier this week, I’m now putting myself in the hot seat with regards to my prognostications from a year ago. Around this time last year, I opined that commodities like gold, silver, fertilizers, coal and oil were [...]

(WTI) Energy and Commodities For 2012

(ETP) Energy Transfer Closes Business Sale

vitalstocks — Sat, 14 Jan 2012 18:36:17 +0000

Energy Transfer Partners L.P. (ETP) completed the divesture of its propane business to retail propane distributor AmeriGas Partners L.P. (APU). The announcement of the sale was made in October, 2011. Per the terms of the agreement, Energy Transfer Partners received total proceeds of $1.46 billion in cash and nearly $1.32 billion of AmeriGas common units. [...]

(ETP) Energy Transfer Closes Business Sale

(MWE) MarkWest Energy Partners – Bull of the Day

vitalstocks — Fri, 13 Jan 2012 21:11:22 +0000

We are upgrading MarkWest Energy Partners (MWE) to Outperform from Neutral, reflecting its promising future prospects. The master limited partnership’s (MLP) targeted growth capital investments since 2006 have been driving its strong, long-term volume growth. We continue to like MarkWest for its high-quality and diverse portfolio of midstream assets, as well as its proven track [...]

(MWE) MarkWest Energy Partners – Bull of the Day

(SM) SM Energy Company – Bull of the Day

vitalstocks — Fri, 13 Jan 2012 21:10:46 +0000

We believe that SM Energy Company’s (SM) emerging core portfolio is a catalyst for visible organic growth over the next several years. The company’s earnings in the third quarter more than doubled from the prior-year, buoyed by higher operating income, increased production and recognition of a gain on divestiture activity. The company’s Eagle Ford and [...]

(SM) SM Energy Company – Bull of the Day

(XOM) U.S. Crude Oil Supplies Rise Sharply

vitalstocks — Fri, 13 Jan 2012 20:59:15 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of soaring imports and dwindling product demand, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate stocks posted a significantly larger-than-expected build. Meanwhile, refinery utilization rate was up by 0.6%. The [...]

(XOM) U.S. Crude Oil Supplies Rise Sharply

(AA) Company News for January 9, 2012 – Corporate Summary

vitalstocks — Mon, 09 Jan 2012 16:34:51 +0000

• After RF Micro Devices Inc. (NASDAQ:RFMD) suggested that its fiscal third quarter revenues might fail to meet analyst’ estimates, its shares declined 19.5% on Friday • Following Transocean Ltd.’s (NYSE:RIG) announcement that its chief financial officer Ricardo Rosa will be stepping down, shares of the company slipped 1.1% • Shares of Alcoa, Inc. (NYSE:AA) [...]

(AA) Company News for January 9, 2012 – Corporate Summary

(LNG) Will Natural Gas Rebound This Year?

vitalstocks — Mon, 09 Jan 2012 04:45:53 +0000

Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight? From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring to spot prices at the Henry [...]

(LNG) Will Natural Gas Rebound This Year?

(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan

vitalstocks — Mon, 09 Jan 2012 04:45:05 +0000

Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) – a 50:50 joint venture between Enterprise and Genesis, will be the owner and responsible for the construction. Enterprise [...]

(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan

(XOM) Crude Oil Stocks Rise Unexpectedly

vitalstocks — Tue, 03 Jan 2012 19:16:25 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies fell for the second straight week. The agency’s report further revealed that distillate stocks posted a surprise build, as demand dropped. Meanwhile, refiners reduced processing rates by 0.7%. The Energy Information Administration [...]

(XOM) Crude Oil Stocks Rise Unexpectedly

(COP) Company News for December 28, 2011 – Corporate Summary

vitalstocks — Thu, 29 Dec 2011 15:58:36 +0000

• Share prices of oil and gas company Endeavour International Corp (NYSE:END) increased 24.06% after the company agreed to purchase a stake in three oil fields from ConocoPhillips’ (NYSE:COP) for $330 million • Retailer Sears Holdings Corp.’s (NASDAQ:SHLD) shares plummeted 27.20% to close at $33.38 after it confirmed plans to shut 100 stores. Sears also [...]

(COP) Company News for December 28, 2011 – Corporate Summary

(BP) Three European Oil Firms Strike Angola Deal

vitalstocks — Wed, 28 Dec 2011 12:27:20 +0000

With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage. London, England-based BP plc (BP) received access to five more deepwater exploration and production blocks offshore Angola, [...]

(BP) Three European Oil Firms Strike Angola Deal

(BHI) U.S. Oil Drilling Rig Count Stumbles

vitalstocks — Wed, 28 Dec 2011 03:56:25 +0000

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of natural gas-directed rigs, partially offset by improved oil rig count. The Baker [...]

(BHI) U.S. Oil Drilling Rig Count Stumbles

(BHP) BHP Billiton – ADR – Bear of the Day

vitalstocks — Wed, 21 Dec 2011 17:46:56 +0000

We downgrade our recommendation on BHP Billiton Ltd. – ADR (BHP) from Neutral to Underperform based on declining industrial demand on the back of sluggish economic growth in Europe and U.S. Other headwinds include competition from peers, upsurge in oil prices and rising inflation in the emerging markets. Turning toward expenses, the cost of improving [...]

(BHP) BHP Billiton – ADR – Bear of the Day

(CMC) Company News for December 20, 2011 – Corporate Summary

vitalstocks — Tue, 20 Dec 2011 18:11:23 +0000

• In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ:WINN) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1% • A company spokeswoman told Reuters that Procter & Gamble Co. (NYSE:PG) has stopped full-time hiring for this fiscal year • Schnitzer Steel Industries Inc. (NASDAQ:SCHN) said that [...]

(CMC) Company News for December 20, 2011 – Corporate Summary

(MON) Monsanto Guides High on New Business

vitalstocks — Thu, 15 Dec 2011 18:06:00 +0000

Monsanto Company (MON) recently raised its expected earnings per share guidance for the first quarter of fiscal 2012. The first quarter earnings were scheduled to be released on January 5, 2012. The company’s earnings per share guidance for the first-quarter ongoing and as-reported are expected to be in the range of $0.15 to $0.20, an [...]

(MON) Monsanto Guides High on New Business

(CEO) Marriott International Passing Baton to Sorenson

vitalstocks — Thu, 15 Dec 2011 10:02:24 +0000

Even though his surname is not Marriott, Arne Sorenson will succeed J.W. Marriott, Jr. as chief executive officer (CEO) of Marriott International Inc. (MAR) next year. Sorenson will be the third CEO in the company’s history followed by J.W. Bill Marriott (Jr.) who expanded his father’s 85-year old Marriott empire globally. Post transition, Bill Marriott [...]

(CEO) Marriott International Passing Baton to Sorenson

(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake

vitalstocks — Wed, 14 Dec 2011 19:55:09 +0000

China Petroleum and Chemical Corporation (SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its share to 25%. The multibillion Australia Pacific LNG project – formed by Origin Energy Ltd and ConocoPhillips (COP) in September 2008 – is targeted at developing the [...]

(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake

(CE) Celanese Corporation – Bull of the Day

vitalstocks — Wed, 14 Dec 2011 19:50:26 +0000

Celanese Corporation (CE) reported adjusted earnings of $1.27 per share for the third quarter of 2011, beating the Zacks Consensus Estimate of $1.11. Quarterly revenues grew 20% year over year to $1.81 billion, primarily driven by higher pricing across all operating segments and favorable currency impacts. The results surpassed the Zacks Consensus Estimate of $1.69 [...]

(CE) Celanese Corporation – Bull of the Day

(SE) Spectra Energy Corporation – Bull of the Day

vitalstocks — Tue, 13 Dec 2011 18:37:51 +0000

We maintain our Outperform recommendation for Spectra Energy Corp. (SE) shares following better-than-expected third quarter 2011 results. The out-performance was driven by strong growth from expansion projects, higher commodity prices and a stronger Canadian dollar. With third-quarter results showing an improvement, management remains optimistic about the company’s performance going forward and looks to deliver or [...]

(SE) Spectra Energy Corporation – Bull of the Day

(XOM) Crude Oil – Fuel Inventories Move Up

vitalstocks — Fri, 09 Dec 2011 20:34:51 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies rose for the fourth straight week. The agency’s report further revealed that distillate stocks posted a higher-than-expected build, as production hit record high. Meanwhile, refiners improved processing rates by 3.1%. The Energy [...]

(XOM) Crude Oil – Fuel Inventories Move Up

(BHP) Court Piles Taxes on Vale

vitalstocks — Thu, 08 Dec 2011 19:02:51 +0000

A week ago, Australian lower house has announced the approval of tax on profit for coal and iron ore mining. The news came as a blow to BHP Billiton Ltd. (BHP), Rio Tinto plc (RIO), Xstrata and other iron-ore and coal miners operating in Australia. These companies have to bear an estimated burden of about [...]

(BHP) Court Piles Taxes on Vale

(EEP) Enbridge Energy Partners LP Adds Capacity at North Dakota

vitalstocks — Thu, 08 Dec 2011 19:01:51 +0000

Enbridge Energy Partners LP (EEP) has drawn up a $145 million investment plan to enhance its facility at North Dakota. Per the plan, the partnership will expand its crude oil capacity and add a rail car loading facility to absorb additional volume. The pipeline operator will augment the holding capacity at the Berthold terminal by [...]

(EEP) Enbridge Energy Partners LP Adds Capacity at North Dakota

(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin

vitalstocks — Wed, 07 Dec 2011 17:41:00 +0000

Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s potential of 5-8 billion barrels of recoverable reserves. Drilled to a total depth of 2,180 meters, the 4-BRSA-946C-SPS well, informally known as Biguá, is [...]

(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin

(LNG) An Alternative Way to Capture Emerging Market Growth

InvestmentU — Tue, 06 Dec 2011 19:35:29 +0000

by David Fessler, Investment U Senior Analyst Tuesday, December 6, 2011: Issue #1658 Many countries outside the United States operate state-controlled companies. Most are giant behemoths, employing millions of people between them. These companies – among the world’s largest corporations – are primarily in the banking and energy sectors. Some, like the giant oil and [...]

(LNG) An Alternative Way to Capture Emerging Market Growth

(BHI) U.S. Oil Drilling Rig Count Heads Further Down

vitalstocks — Tue, 06 Dec 2011 00:17:45 +0000

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs, partially offset by improved offshore rig count. The Baker Hughes [...]

(BHI) U.S. Oil Drilling Rig Count Heads Further Down

(ACI) Arch Coal Incorporated – Bear of the Day

vitalstocks — Fri, 02 Dec 2011 16:27:49 +0000

Arch Coal, Inc.’s (ACI) third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia. This was offset in part by improved metallurgical coal shipments and robust met coal pricing. Going forward, increased regulation and alternate energy sources, specifically natural gas, continue to be major risks for coal miners like Arch [...]

(ACI) Arch Coal Incorporated – Bear of the Day

(XOM) U.S. Crude Oil – Fuel Supplies Rise

vitalstocks — Fri, 02 Dec 2011 16:22:04 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased more than expected on higher imports, while gasoline supplies rose for the third straight week. The agency’s report further revealed that distillate stocks posted a surprise build, as production hit a record high. Meanwhile, refiners reduced processing rates by 0.9%. The Energy Information [...]

(XOM) U.S. Crude Oil – Fuel Supplies Rise

(FTI) FMC Technologies Gets Wheatstone Deal

vitalstocks — Fri, 02 Dec 2011 16:21:43 +0000

FMC Technologies Inc (FTI) has entered into a design, manufacture and supply agreement with the Australian unit of Chevron Corporation (CVX). The deal will fetch FMC approximately $325 million in revenue. Per the deal, the Australian subsidiary of FMC will deliver 11 sub-sea production trees, 11 wellheads, 3 manifolds, sub-sea and topside controls and well [...]

(FTI) FMC Technologies Gets Wheatstone Deal

(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia

vitalstocks — Thu, 01 Dec 2011 15:13:42 +0000

Italian oil major Eni SpA (E) has agreed to acquire a 40% stake in the Evans Shoal gas field in offshore Australia from the domestic firm Santos Ltd. As per the initial agreement, signed in late October, Eni will purchase stakes in the concession for a preliminary payment of $250 million and a contingent future [...]

(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia

(NXY) Nexen Inks Joint Venture with INPEX Corporation

vitalstocks — Thu, 01 Dec 2011 15:12:36 +0000

Canadian oil and gas company Nexen Inc. (NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets, it will still act as the operator. The divested [...]

(NXY) Nexen Inks Joint Venture with INPEX Corporation

(RIG) Transocean Tanks on Offering Notice

vitalstocks — Wed, 30 Nov 2011 20:10:37 +0000

Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares. The Zug, Switzerland-based owner of the world’s largest offshore rig fleet plans to use the net proceeds from this offering – expected to be approximately $1.0 [...]

(RIG) Transocean Tanks on Offering Notice

(KWK) Quicksilver Resources Sells More BreitBurn Energy Partners Units

vitalstocks — Wed, 30 Nov 2011 20:05:46 +0000

Quicksilver Resources Inc. (KWK) made a public offering of around 6.97 million units of BreitBurn Energy Partners L.P. (BBEP). Quicksilver will allow the underwriters of the issue a window of 30 days to purchase up to 1,045,177 additional common units to cover over-allotments, if necessary. Although the company is silent about the possible use of [...]

(KWK) Quicksilver Resources Sells More BreitBurn Energy Partners Units

(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official

vitalstocks — Wed, 30 Nov 2011 20:03:51 +0000

Following the approval from the Governmental bodies in mid-November, Iraq officially announced its natural gas exploration joint venture with Royal Dutch Shell plc (RDSA) and Japan’s Mitsubishi Corporation. The project, worth $17 billion, was inked almost three years after it was announced in 2008. The joint venture –– Basra Gas Company –– will aim to [...]

(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official

(CEO) CNOOC Closes OPTI Canada Deal

vitalstocks — Wed, 30 Nov 2011 19:49:53 +0000

CNOOC Ltd. (CEO) has closed its previously announced purchase of Canadian oil sands operator OPTI Canada Inc. The $2.1 billion transaction was first declared in July. Estimated holdings of OPTI include about 195 million barrels of proved reserves, 534 million barrels of probable reserves, 1.1 billion barrels of contingent resources and 335 million barrels of [...]

(CEO) CNOOC Closes OPTI Canada Deal

(FCX) Freeport-McMoRan Copper & Gold Strike Called Off

vitalstocks — Wed, 30 Nov 2011 19:33:47 +0000

Workers at Freeport-McMoRan Copper & Gold (FCX) decided to end a strike at Peruvian copper mine Cerro Verde that began almost two months ago. Union workers discontinued their work in September 2011 to back demands for higher pay. Cerro Verde has been operating the mine at two-thirds of the normal daily rate with supervisors and [...]

(FCX) Freeport-McMoRan Copper & Gold Strike Called Off

(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin

vitalstocks — Wed, 30 Nov 2011 19:25:38 +0000

Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered. The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS (4-BRSA-994-RJS) – also known as Tucura – that is located 60.9 [...]

(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin

(APC) Anadarko Petroleum Makes Discovery Off The Coast of Mozambique

vitalstocks — Wed, 30 Nov 2011 19:23:49 +0000

Independent oil and gas producer Anadarko Petroleum Corporation’s (APC) latest discovery off the coast of Mozambique has substantially raised the total reserve of natural gas in the field located in the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect. Initial finding from this field, a year ago, suggested an estimated reserve of [...]

(APC) Anadarko Petroleum Makes Discovery Off The Coast of Mozambique

(KMP) Kinder Morgan Energy Partners, L.P. Unveils 2012 Guidance

vitalstocks — Wed, 30 Nov 2011 18:54:39 +0000

Kinder Morgan Energy Partners, L.P. (KMP) has provided its initial estimates for 2012. The partnership expects to distribute cash of $4.98 per unit next year. This is an 8.3% increase over its 2011 budget target of $4.60 per unit. Kinder Morgan Inc. (KMI) owns the general partner interest of Kinder Morgan Energy Partners, which is [...]

(KMP) Kinder Morgan Energy Partners, L.P. Unveils 2012 Guidance

(BHI) U.S. Oil Drilling Rig Count Edges Lower

vitalstocks — Tue, 29 Nov 2011 21:21:50 +0000

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs, partially offset by improved offshore rig count. The Baker [...]

(BHI) U.S. Oil Drilling Rig Count Edges Lower