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Cash

Analysts Praise KMI’s 75% Dividend Cut; Investors Buy In

Kinder Morgan Inc.’s (KMI) dividend cut after market close Tuesday lifted shares in Wednesday’s trading. Some analysts and investors were relieved that KMI would retain its investment-grade credit rating and not be accessing unattractive equity markets to fund growth.

December 9, 2015

Chesapeake Liquidity ‘Adequate,’ Debt Offering Called ‘Creative,’ But Investors Not Convinced

Persistently weak oil and natural gas prices, combined with OPEC’s decision last week to hold production steady, likely will reduce spending plans for many U.S. producers in 2016, but the debt-laden operators face even more pressure as they consider how to finance their go-forward plans.

December 8, 2015

Extended Weather Outlook Moderates; December Seen 8 Cents Lower

December natural gas is expected to open 8 cents lower Tuesday morning at $2.31 as longer-term weather forecasts turned milder and traders mull market support sustained by low cash prices. Overnight oil markets fell.

November 17, 2015
Global Oil/Gas Companies Show ‘Wide Deficit’ of Operating Cash to Capex

Global Oil/Gas Companies Show ‘Wide Deficit’ of Operating Cash to Capex

Despite cuts in capital expenditures (capex), oil and natural gas producers worldwide are seeing greater declines in their operating cash flow and, consequently, lower cash balances, trends that could continue into 3Q2015 if crude oil prices continue to fall, the U.S. Energy Information Administration (EIA) said.

September 25, 2015
E&Ps, Oilfield Services Walking Tightrope, With M&A to Cushion Fall, Says Deloitte

E&Ps, Oilfield Services Walking Tightrope, With M&A to Cushion Fall, Says Deloitte

Balance sheet stress is intensifying in the U.S. natural gas and oil sector, which means more takeovers and asset sales are likely by the end of this year, researchers said Thursday.

September 17, 2015

Maintenance Costs, Debt Ding Cash Flow Plans of Big Independents, IHS Says

Chesapeake Energy Corp. and Encana Corp. have the highest maintenance capital costs and debt in their peer group, while EOG Resources Inc., Range Resources Corp., and EQT Corp. may be among those best positioned, enabling them more easily to replace forecasted production this year with cash flow, according to IHS Inc.

September 4, 2015
Chesapeake Scrapping Dividend, Selling Oklahoma Properties

Chesapeake Scrapping Dividend, Selling Oklahoma Properties

Chesapeake Energy Corp. is eliminating its dividend and selling some onshore properties to cope with the continuing slump in natural gas and oil prices.

July 21, 2015

Texas Oilfields Push Devon Production Forecast 3% Higher

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter.

November 6, 2014

‘Flat Energy Price World’ Less Impactful to U.S. Energy Sector, Says Raymond James

The U.S. natural gas and oil industry should see higher and more sustainable growth over the coming decade as production growth and efficiency improvements create a paradigm shift, Raymond James & Associates Inc. analysts said Monday.

July 14, 2014

Encana Readies Spinoff of Alberta Properties

Encana Corp. is readying a spinoff of PrairieSky Royalty Ltd. to create one of Canada’s largest energy royalty companies with 5.2 million acres in Alberta that extend to the U.S. border.

April 15, 2014