From The Street: Shares of Miller Energy Resources (MILL – Get Report) were soaring, up 27.35% to $1.49 in midday trading today, as oil prices climbed on Monday, adding to Friday’s powerful rally. But traders said gains were capped by an estimate of another strong weekly build in U.S. crude stocks, according to Reuters. West Texas Intermediate rose 1.8% to $49.11
From Sutherland: Dominion Cove Point LNG (DCP) has filed a status report with FERC on the construction of DCP’s LNG export terminal in Lusby, Md. The report states that for the facilities in Maryland, engineering is 74% complete, procurement is 77% complete, and construction is less than 1% complete.
“The oil supply is here and the demand will always be there.” – Jason Vedadi Dropping oil prices may have put the brakes on a lot of E&Ps’ capital spending plans for 2015, but that’s not slowing down Jason Vedadi and his fellow real estate developers in the Williston basin. “We see this as a long term play. The oil supply
