Street

The Supreme Court last week rejected a $40 billion lawsuit by Enron Corp. investors alleging securities fraud by Wall Street investment banks that had done business with the former energy merchant. The rejection came without comment.

The Supreme Court Tuesday rejected a $40 billion lawsuit by Enron Corp. investors alleging securities fraud by Wall Street investment banks that had done business with the former energy merchant. The rejection came without comment.

With a sharper focus on its North American operations, Devon Energy Corp. exceeded Wall Street forecasts, increasing its natural gas-directed production by 16% and upping its profits by 5.2% from a year ago.

With a sharper focus on its North American operations, Devon Energy Corp. exceeded Wall Street forecasts Wednesday, increasing its natural gas-directed production by 16% and upping its profits by 5.2% from a year ago.

Analysts at Raymond James & Associates Inc. admit to being “much more bullish than the Street on 2008 domestic natural gas prices.” And judging by what they said they heard at their recent institutional investors conference, producers are pretty bullish, too.

Analysts at Raymond James & Associates Inc. admit to being “much more bullish than the Street on 2008 domestic natural gas prices.” And judging by what they said they heard at their recent institutional investors conference, producers are pretty bullish, too.

Rock icon Meat Loaf might have sang, “You’ll never drill for oil on a city street,” but that’s not stopping Chesapeake Energy Corp. from attempting to tap natural gas below the Dallas-Ft. Worth International Airport (DFW).

Dominion reported operating earnings of $1.08/share in the third quarter which fell short of earnings guidance of $1.20-1.25/share, missed Wall Street estimates of $1.18/share and were about 13 cents/share lower than operating earnings in the third quarter of 2004, mainly because of the significant impact that Hurricanes Katrina and Rita had on production, operations and natural gas prices. Nevertheless, Dominion shares fell only slightly because the company sees no long-term impact from the hurricanes.

NRG Energy is in advanced talks to buy Texas Genco Holdings Inc. in a transaction that is expected to be valued at $5 billion or more, the Wall Street Journal reported on Wednesday. Shares of NRG rose 3.66% on the news, finishing Wednesday’s trading session up $1.52 to $43.05.