The pipeline operator likely will announce few updates on Wednesday’s earnings call as analysts suspect it will save the biggest news for next week’s analyst day. The country’s largest energy infrastructure company Kinder Morgan is set to report fourth quarter earnings after markets close Wednesday, Jan. 18, and analysts are calling for EPS of 18 cents on $3.5 billion in revenue, according to FactSet.
Category: Energy
Hottest Thing in LNG Is Producing Power as Record Glut Looms
Seeking new ways to market their product, producers of liquefied natural gas are turning to an age-old technique: packaging. As demand for electricity booms in developing nations from South Africa to Chile, LNG producers are offering to supply both fuel and a power plant in partnership agreements that can lock in consumption of their product for years.
AQMD proposes ban on toxic hydrofluoric acid at South Bay refineries
Aftermath of Exxon/Mobil explosion and fire at Torrance refinery, Feb. 18, 2015. File photo.
Textainer Group Holdings Limited’s Stock Got Hammered in 2016, but the Worst May Be Over
The container shipping industry went from bad to worse in 2016. A combination of tepid global trade growth and low steel prices put downward pressure on both container prices and lease rates, which drove down Textainer Group Holding Limited ‘s revenue and earnings.
Jim Cramer — Noble’s $2.7 Billion Purchase Makes Perfect Sense
Noble purchasing Clayton Williams for $2.7 billion is an excellent, strategic move to gain more exposure to the Permian, Cramer said. Shares of Clayton Williams Energy are up 36% Tuesday after it was announced on Monday that Noble Energy would purchase the company for $2.7 billion in cash and stock.
Cramer: Rising Deal Tide in the Permian Lifts Oil Boats
Yes, the Permian buys continue to move the needle. It looked like Noble Energy would be hammered when it paid a gigantic premium for Clayton Williams over the weekend; the latter stock is up 37%, but more important, perhaps, is that the stock was at $7 a little less than a year ago and now it is at $143.
Noble Energy Plans to Buy Clayton Williams Energy for $2.7 Billion
Noble Energy said on Monday it would buy Clayton Williams Energy for about $2.7 billion in a cash-and-stock deal, Noble Energy said in a news release Monday. Clayton Williams shareholders will receive 2.7874 shares of Noble Energy common stock and $34.75 in cash for each share of common stock held under terms of the deal, the company said.
Will TransCanada Corporation Raise Its Dividend in 2017?
Not only has it increased the payout for the past 16 years, but it has delivered 7% compound annual dividend growth during that period. However, its best dividend growth days appear to lie ahead.
Despite the Energy Rally, Avoid This Dangerous, High-Yield MLP
Oil and gas master limited partnerships have risen from the dead, but don’t get seduced by MLPs with high dividend yields that are unsustainable. These “energy zombies” are eating the brains of investors who should know better.
Judge: Exxon Mobil must give documents to attorney general
Exxon Mobil has been ordered to hand over documents related to a state investigation into whether it misled the public about the impact of fossil fuels on the climate. Wednesday’s decision by a Suffolk Superior Court judge is a win for Attorney General Maura Healey, who’s trying to determine if the company deceived investors and consumers by hiding what it knew about the link between burning fossil fuels and climate change.
Energy choice Perry steps away from Dakota Access pipeline
Former Texas Gov. Rick Perry says he has stepped down from the boards of two energy companies that are developing the controversial Dakota Access Pipeline project. Perry, who is President-elect Donald Trump’s choice for energy secretary, said in a letter to ethics officials that he resigned Dec. 31 from Energy Transfer Partners LP and Sunoco Logistics Partners LP.
Senators Split Over Tillerson and His Ties to Putin
President-Elect Trump’s pick to be Secretary of State suggested that Russia “poses a danger,” responding to concerns that he is overly cozy with the Russian President. Lawmakers on Wednesday were deeply divided over whether President-elect Trump’s pick for Secretary of State, Exxon Mobil CEO Rex Tillerson would be right for the job, with many senators raising concerns about his overly cozy ties with Russian President Vladimir Putin.
Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery
Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts. Seven of the world’s largest energy companies will together boost oil and natural gas output by 398,000 barrels a day, the most since since 2010, according to data from Oslo-based consultant Rystad Energy AS.
Big Oil Hits Sweet Spot as New Projects Reap Rewards of Recovery
Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts. Seven of the world’s largest energy companies will together boost oil and natural gas output by 398,000 barrels a day, the most since since 2010, according to data from Oslo-based consultant Rystad Energy AS.
Nasdaq Hits Another Record
The Dow Jones Industrial Average slipped 32 points, or 0.2%, to 19856, after rising within 50 points of the never-before-reached 20000 level earlier in the session. The S&P 500 was flat, and the Nasdaq Composite rose 0.4%, a fresh record.
Tillerson Ethics Plan Foreshadows Knotty Trump Confirmations
Rex Tillerson’s disclosure that he stands to receive a $180 million cash payout from Exxon Mobil Corp. if he becomes the next U.S. secretary of state offers a preview of the thorny ethical questions that may be raised this week over a presidential cabinet stacked with tycoons. And with confirmation hearings scheduled for Tillerson and eight other appointees of President-elect Donald Trump, the head of the federal office that helps ensure compliance with conflict-of-interest rules told lawmakers his agency is hard-pressed by too much work and too little time.
Why You Should (and Shouldn’t) Buy Cheniere Energy, Inc.
Instead, it is a true operating company that we can evaluate on its merits as a business. The question today is, now that the facility is up and running, and the risk of it not coming to fruition has been eliminated, is Cheniere Energy a stock worth adding to your portfolio? We asked three of our contributors to chime in on their thoughts on Cheniere Energy to help you make a more informed decision.
Top Oil Stocks to Buy in 2017
Between OPEC’s recent plans to decrease output by up to 1.2 million barrels per day, another nearly half-million barrels that some non-OPEC oil countries are set to cut, and a million-barrel drop in North American daily production since the peak in 2015, oil prices look poised to surge at some point in the next year or so. After all, global oil and refined product stocks won’t last forever, and while oil output has steadily fallen, consumption has increased.
Latest delay pushes Kemper power plant price over $7 billion
The latest delay, confirmed Friday, pushes the plant’s price tag over $7 billion. Of the nearly $52 million increase caused by the delay, the unit of Atlanta-based Southern Co.
Why Pacira Pharmaceuticals, W&T Offshore, and Helen of Troy Jumped Today
The stock market climbed to new record heights on Friday, closing the week with favorable performance despite mixed employment numbers that showed sluggish job growth, but sharply higher wages. The Dow climbed to within a single point of the 20,000 mark before falling back slightly, but even with that slight disappointment, major market benchmarks were up as much as a full percent as the Nasdaq Composite climbed above the 5,500 mark.
NRG and Exelon (EXC) Lead a Utilities Rally
NRG Energy has been the biggest gainer as part of a broader rally among utilities and was showing no signs of slowing down Friday. Shares of the power company were sitting at $13.40 in the afternoon, up .87% on the day and 13.3% over the course of the last month.
Daily Dividend Report: ENB, PBA, CNP, COG, COO, SKT
Enbridge declared a quarterly dividend of $0.583 per common share, payable on March 1, 2017 to shareholders of record on February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-second consecutive year in which the Company has increased its common share dividend.
Shares of W&T Offshore Soared in December. Is There Room Left to Run?
While the company released no significant news that would shift the trajectory of the business, the changes in oil prices did all the talking for this struggling company. Let’s be clear when we talk about W&T Offshore: This is a company that less than six months ago was on the cusp of bankruptcy.
Tillerson Discloses Global Assets of as Much as $400 Million
Rex Tillerson, President-elect Donald Trump’s pick for U.S. secretary of state, disclosed assets worth as much as $400 million in a federal ethics filing that reflected investments spanning more than a dozen nations. If confirmed by the U.S. Senate, Tillerson will recuse himself for a year from government decisions involving Exxon Mobil Corp., where he served as chairman and chief executive officer until Jan. 1, according to a separate filing posted by the Office of Government Ethics on Wednesday.
Here’s When to Buy Chevron, IBM, 3 More High-Yielding Dow ‘Dogs’
It’s that time of year again — every January, scores of investors flock to the “Dogs of the Dow.” But this year a twist on the typical Dow Dogs strategy is providing a big opportunity for investors who are paying attention to the price action.
Cramer: What Sets Dominion Resources Apart?
For an “Executive Decision” segment, Cramer spoke again with Tom Farrell, chairman, president and CEO of Dominion Resources , a stock that rose 13% in 2016 and currently yields 3.7%. Farrell said that Dominion is different from other utilities because of its natural gas infrastructure, which includes a new export terminal set to come online later this year.
Why Valero Energy, Ensign Group, and The Bancorp Slumped Today
Wednesday was another good day for the stock market, as major market benchmarks posted gains of between 0.25% and 1% to climb back within reach of new record levels. Many market participants focused on the release of the Federal Open Market Committee’s most recent meeting minutes, which didn’t have any major surprises that threatened the positive mood among investors.
Exxon Cashes Out Ex-CEO Tillerson
Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump’s nominee for secretary of state. If Mr. Tillerson is confirmed, Exxon will transfer the equivalent value of two million unvested shares that he was set to receive at his previously expected retirement in March into a trust, according to the company.
Iran Qualifies CNPC to Total for Bidding on Energy Projects
Iran qualified 29 international oil companies to bid in tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corp., Royal Dutch Shell Plc and Total SA are among the companies that will be invited to bid in tenders, according to a list published Monday on the website of National Iranian Oil Co.
Tillerson to Cede Control of $240 Million in Exxon as Trump Pick
Rex Tillerson, former Exxon Mobil Corp. chief executive and President-elect Donald Trump’s pick for U.S. secretary of state, will relinquish control of about $240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements. If confirmed, Tillerson will sell the more than 600,000 shares he owns in the largest U.S. oil explorer and transfer the value of more than 2 million in deferred shares to an independently managed trust, Exxon said in a statement dated Jan. 3. The former CEO would have received the shares over the next 10 years.
Cramer: ONEOK Looks A-OK to Me
Energy firm ONEOK soared 132% in 2016, trailing only Nvidia as the year’s best-performing S&P 500 component. OKE seems like an odd S&P 500 winner at first glance … until you consider that it came back from the dead like so many oil-and-gas-related companies did.
For Cheapest Power on Earth, Look Skyward as Coal Falls to Solar
Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere.
Protection sought for New Mexico park’s geothermal deposits
Underground pockets of boiling water and steam in a northern New Mexico national preserve that represent the heart of an ancient collapsed volcano could get extra federal protection under a new effort by the National Park Service aimed at limiting or preventing tapping the geothermal energy from neighboring land. Federal officials said last week that the Valles Caldera National Preserve would become the 17th U.S. park unit with designated thermal features if approved.
Westar increases use of drones in Kansas
Westar Energy says the increasing use of drones is helping it work faster, save money and improve safety for its employees. The Topeka Capital-Journal reports that the company sends drones to inspect equipment, navigate remote areas and manage some emergency situations.
Green Mountain Power says no hack report, its systems secure
Vermont electric company Green Mountain Power says it was not the utility that reported a possible Russian hack into its systems and its systems are secure. A Washington Post story based on anonymous U.S. officials says a code associated with a Russian hacking operation was detected within the system of a Vermont utility but wasn’t actively used to disrupt operations.
This Week in Solar
As the year comes to a close, it’s fitting that the week in solar was dominated by the kind of large, macro trends that seem to move and shake the solar industry every few months. But unlike 2015, when we had Nevada upend net metering in the final hours of the year, most of the news from the solar industry is positive at the end of 2016.
‘Best Idea’ Apache Supplants Chevron as My Chief Long in 2017
I’m a trader who specializes in intraday and swing trading rather than long-term investing, but in the fourth quarter of 2015 I really started like Chevron Oil prices are cyclical: price declines curtail production and increase demand so that prices eventually would rise CVX’s mix of upstream and downstream and strong balance sheet would give it the financial strength to navigate the downturn Due to those factors, I have been steadily bullish on CVX. For 2017, I’m switching my allegiance to Apache Oil prices have risen above $50 a barrel.
TD Leads Canadian Stock Sales as Energy Deals Fuel Record Year
Toronto-Dominion Bank took top spot for managing Canadian stock sales in 2016 as large energy deals led by pipeline operator TransCanada Corp. helped set a record for equity financings. The amount raised from initial public offerings, secondary sales and equity-linked securities reached C$50.4 billion , up 17 percent from 2015, according to data compiled by Bloomberg.
Icahn Sees Doubts About Ethanol Mandate Among Trump’s Advisers
Billionaire Carl Icahn, a special adviser to Donald Trump and a skeptic of the U.S. ethanol mandate, said there are others on the president-elect’s team who have even deeper criticisms of the program. Icahn repeated criticism of the credit trading program that regulators and refiners use to track compliance with federal biofuel consumption quotas.
Toshiba’s Record Fall Highlights U.S. Nuclear Cost Nightmare
Toshiba Corp. plunged by the most on record as the once heralded U.S. nuclear renaissance turns into a nightmare for the Japanese company. The shares fell by 20 percent, the most since 1974, according to available data, to close at 312 yen in Tokyo, following a 12 percent drop Tuesday.