Domestic oil production may be showing signs of slowing down, but analysts with Raymond James & Associates Inc. don’t think it’s a trend.
Betting
Articles from Betting
Illinois Fracking Law Moving Faster than Shale Rush
Betting that a shale gas industry may develop in the state in the future, the Illinois Senate on Thursday passed 54-0 a measure (SB 3280) to regulate hydraulic fracturing (fracking), which would require the disclosure of chemicals used in fracking operations.
Billion Dollar PG&E Rate Case Gets CPUC Attention
With hearings set to begin in June, Pacific Gas and Electric Co. (PG&E) is betting its short-term future on a $1.1 billion general rate case targeted to be effective at the start of next year with smaller interim revenue increases in 2012 ($275 million) and 2013 ($343 million). But the California Public Utilities Commission’s (CPUC) independent consumer unit, the Division of Ratepayer Advocates (DRA), has come out of the gate drawing its line in the sand at a revenue level less than 25% of what the utility asked for in its CPUC filing.
Price Volatility, Asset Sales Windfall Keep Sempra on Roll, CEO Says
San Diego-based Sempra Energy is betting that energy price volatility will remain, making its growing energy trading business even more profitable. Commodities profits ($504 million) and several hundred million dollars more than expected in asset sales gains last year more than offset earnings decreases among its utility and merchant generation businesses, Sempra CEO Don Felsinger told financial analysts on a conference call Thursday.
Price Volatility, Asset Sales Windfall Keep Sempra on Roll, CEO Says
San Diego-based Sempra Energy is betting that energy price volatility will remain, making its growing energy trading business even more profitable. Commodities profits ($504 million) and several hundred million dollars more than expected in asset sales gains last year more than offset earnings decreases among its utility and merchant generation businesses, Sempra CEO Don Felsinger told financial analysts on a conference call Thursday.
Study Sees at Least One or Two Canadian LNG Receiving Terminals
As demand continues to be strong but conventional production stays flat and northern supplies remain uncertain, Canadian authorities are betting that liquefied natural gas import terminals proposed for re-exports to the United States will make it into construction.
Study Sees at Least One or Two Canadian LNG Receiving Terminals
As demand continues to be strong but conventional production stays flat and northern supplies remain uncertain, Canadian authorities are betting that liquefied natural gas import terminals proposed for re-exports to the United States will make it into construction.
Analyst Expects Merrill Lynch to Grab Entergy-Koch
Prudential financial analyst David M. Trone said last week that he is betting Entergy-Koch Trading LP will be bought by Merrill Lynch, which apparently is itching to get back into the energy trading business.
Analyst Expects Merrill Lynch to Grab Entergy-Koch
Prudential financial analyst David M. Trone said he is betting that Entergy-Koch Trading LP will be snapped up by Merrill Lynch, which he believes is itching to get back into the energy trading business.
ConocoPhillips CEO Says Current Oil, Gas Prices Not Sustainable
Acknowledging the possibility that a new oil and gas pricing environment could be in the offing, ConocoPhillips CEO Jim Mulva, nevertheless, is betting that current high prices probably are not sustainable. Mulva said the company has decided not to increase its current $6.2 billion a year exploration and production budget.