The mood on Capitol Hill last week was cautiously upbeat as the feuding tax writers made headway on the disputed items in the multi-billion dollar tax package of the broad energy bill, prompting widespread reports that a final conference vote on the legislation was likely to occur this week. By late Friday, however, Sen. Pete Domenici (R-NM), chairman of the conference committee, had not formally scheduled a vote.
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CEO: Dynegy ‘Stabilized,’ Now Running ‘Strategically’
Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”
CEO: Dynegy ‘Stabilized,’ Now Running it ‘Strategically’
Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”
EIA Issues Upbeat Gas Storage, Price Forecast
What a difference a month has made in terms of easing the fears about a natural gas supply shortage and escalating prices, according to the Energy Information Administration’s (EIA) short-term energy outlook for August.
EIA Issues Upbeat Gas Storage, Price Forecast
What a difference a month has made in terms of easing the fears about a natural gas supply shortage and escalating prices, according to the Energy Information Administration’s (EIA) short-term energy outlook for August.
Southern Union’s Guidance Puts Stock in an Upbeat Mood
Coming one day after the Federal Trade Commission (FTC) signed off on its acquisition of the Panhandle pipeline from CMS Energy Corp., Southern Union Co. upped its earnings guidance for 2003 and 2004. Following the news the company’s shares climbed 6.5% on Friday to close at $16.30.
Mirant CEO ‘Optimistic’ on Plan to Restructure $5.3B in Debt
Upbeat comments by Mirant Corp. CEO Marce Fuller failed to sway Wall Street last week after the company announced it is working to restructure more than $5 billion in debt — warning that there are substantial risks if it fails to successfully complete its negotiations.
Mirant CEO ‘Optimistic’ on Plan to Restructure $5.3B in Debt
Upbeat comments by Mirant Corp. CEO Marce Fuller failed to sway Wall Street Wednesday after the company announced it is working to restructure more than $5 billion in debt — warning that there are substantial risks if it fails to successfully complete its negotiations.
Dynegy’s Better-Than-Expected Quarterly Earnings Encourage Investors
With an upbeat conference call and better-than-expected earnings for the first quarter, Dynegy Inc. swung to a profit for the first time in over a year, and further encouraged investors that it now expects to surpass 2003 guidance. The sector-leading stock soared on the day of its earnings announcement, with more than 34 million shares exchanging hands, sending Dynegy up 25% in one day to close higher than it had closed since last July.
Dynegy Leads Sector Up After Better-Than-Expected Quarterly Earnings
With an upbeat conference call and better-than-expected earnings for the first quarter, Dynegy Inc. swung to a profit for the first time in over a year, and further encouraged investors that it now expects to surpass 2003 guidance. The sector-leading stock soared, with more than 34 million shares exchanging hands, sending Dynegy up 25% to close at $4.70 — its highest level since July 18, 2002, when it closed at $4.50.