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Warren Buffett-Owned Energy Company Facing Fines Over 2020 Wildfire: Here's How Much The Fines Could Be
Thursday, June 15, 2023 - 3:41pm | 527Read More...A jury in Oregon has ruled on damages against an energy company related to wildfires in the state in 2020. Here’s the company's link to Warren Buffett and more on the potential fines. What Happened: Electric utility company PacifiCorp was found liable for damages related to September...
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Biden Could Help Lower Your Energy Bills As White House Says Companies' High Prices Amid Falling Input Costs 'Unacceptable'
Tuesday, October 18, 2022 - 9:36pm | 420Read More...President Joe Biden will soon call on energy companies to pass through lower costs to consumers "right away" as higher gas prices continue to be an overhang on his administration ahead of the mid-term elections. “The profit that energy refining companies are now...
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EXCLUSIVE: New York Bitcoin Bill Is Illogical, Plays Politics With Bitcoin Mining, Marathon Digital CEO Says
Tuesday, June 7, 2022 - 5:36pm | 642Read More...New York lawmakers passed legislation banning the use of carbon-based energy sources for the mining of Bitcoin. If the bill goes into law by Gov. Kathy Hochul, it could have an impact on companies currently mining Bitcoin. New York would be the first state in the U.S. to ban particular...
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Terms Of The Trade: Master Limited Partnerships
Thursday, July 28, 2016 - 2:24pm | 352Read More...Energy Transfer Partners LP (NYSE: ETP) is one of the largest master limited partnerships and is valued at more than $20 billion. The company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. Wait a second — Energy Transfer...
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Jack Fusco To Be Named CEO Of Cheniere Energy, WSJ Says
Thursday, May 12, 2016 - 9:08am | 183Read More...Cheniere Energy, Inc. (NYSE: LNG)'s board of directors voted back in December to oust the company's founder and CEO Charif Souki amid pressure from activist investor and major shareholder Carl Icahn. Cheniere Energy has been operating without a permanent CEO since December, but this is expected to...
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Shares Of Eversource Energy Unaffected Following CEO's Resignation, New CEO Announcement
Thursday, April 7, 2016 - 8:26am | 266Read More...Eversource Energy (NYSE: ES), a utility holding company engaged in the energy delivery business, announced after Wednesday's market close that Tom May will retire as the company's president and chief executive officer. Shares of Eversource Energy were unchanged following the announcement, and...
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It's Official: DoJ Will File Suit To Block Baker Hughes-Halliburton Merger
Wednesday, April 6, 2016 - 11:37am | 376Read More...Shares of Halliburton Company (NYSE: HAL) gained more than 5 percent Wednesday, while Baker Hughes Incorporated (NYSE: BHI) gained more than 6 percent after the U.S. Justice Department announced it will sue to block the merger between the two companies. The Department of Justice alleges the...
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Here's Why Dynegy Rose 8%
Thursday, February 25, 2016 - 11:29am | 287Read More...Shares of Dynegy Inc. (NYSE: DYN), a power generation company, spiked higher by more than 8 percent on Thursday after the company announced the formation a joint venture with Energy Capital Partners to acquire ENGIE's U.S. Fossil Portfolio. The joint venture will operate under the name Atlas Power...
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EQT Falls 3%, Company Announces Common Stock Offering
Friday, February 19, 2016 - 9:29am | 124Read More...Shares of EQT Corporation (NYSE: EQT) fell more than 3 percent early Friday morning after the energy company announced a common stock offering. EQT said it plans on offering 6.5 million shares of its common stock and has granted its underwriters an option to purchase up to 975,000 additional shares...
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Devon Energy Trading Lower After Public Offering
Thursday, February 18, 2016 - 9:44am | 127Read More...Shares of Devon Energy Corp (NYSE: DVN) were trading lower by more than 6 percent early Thursday morning after the company announced a public offering of its common stock. Devon Energy announced it will offer 69 million shares of its common stock at a price to the public of $18.75. The company...
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Here's What Noble Energy Said In Its 2016 Outlook
Wednesday, February 17, 2016 - 11:56am | 347Read More...Shares of Noble Energy, Inc. (NYSE: NBL) were trading higher by nearly 5 percent on Wednesday after the company released details of its 2016 outlook in conjunction with its fourth quarter results. Looking forward to 2016, Noble Energy expects its capital expenditures to total $1.5 billion,...
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Energen Drops 6% After Company Announces Common Stock Offering
Wednesday, February 17, 2016 - 11:39am | 115Read More...Shares of Energen Corporation (NYSE: EGN) lost more than 6 percent on Wednesday after the company announced that it plans on launching a common stock offering of 12 million shares. Energen did not declare an issuing price, but did note that it will use the proceeds for the repayment of borrowings...
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Linn Energy's Stock Lost 55% On Friday: Here's Why
Friday, February 5, 2016 - 2:48pm | 334Read More...Shares of Linn Energy LLC (NASDAQ: LINE) plunged more than 50 percent on Friday and hit a new 52-week low of $0.47 after the company announced on Thursday it has initiated a process to explore strategic alternatives. Linn Energy noted in its press release that management is in the process of...
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Chesapeake Energy Trades Below $3 Per Share For The First Time Since 2000
Wednesday, January 20, 2016 - 4:23pm | 158Read More...Shares of Chesapeake Energy Corporation (NYSE: CHK) fell to a new 52-week low of $2.69 before rebounding and trading in positive territory after the stock was halted on a circuit breaker various times throughout the day. The last time shares of Chesapeake Energy traded below $3 per share was...
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Clayton Williams Confirms Strategic Review Process Is Ongoing
Wednesday, January 20, 2016 - 10:47am | 184Read More...Clayton Williams Energy, Inc. (NYSE: CWEI) confirmed in a press release on Tuesday that its Board of Directors had initiated a review of strategic alternatives to enhance shareholder value. Clayton Williams added that its Board of Directors are considering possible transactions of part of the...
