Joining other energy companies’ attempts to reassure investors, Anadarko Petroleum Corp. Tuesday said it has completed the first phase of its planned $5 billion share buyback program and it also has retired some of its debt a year ahead of schedule.
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Mirant Touts Strong Liquidity Position; Updates Activity
Seeking to reassure investors and credit rating agencies, Mirant on Thursday said that its liquidity position is strong, standing at approximately $1.7 billion. The company noted that the figure includes proceeds from its recently completed $370 million convertible securities offering.
Energy Leaders Reassure on Supplies
The oil and natural gas industry’s “greatest contribution can be to ensure that supplies of fuel to American consumers continue uninterrupted. Americans should be assured that every one of our companies is working hard to do just that,” the American Petroleum Institute said Wednesday, combating fears that a possible outbreak of Middle East hostilities emanating from the attacks Tuesday on New York and Washington could slow the flow of oil to the U.S.