Penny Stocks That Reversed Course This Week; 5 To Watch
March 10, 2020
Penny Stocks That Reversed Course This Week; 5 To Watch
Premium of U.S. oil over natural gas falls to lowest in over a year
March 10, 2020
Reuters The collapse of U.S. oil prices earlier this week and a rise in natural gas futures cut the oil-to-gas ratio to its lowest since January 2019, as some analysts saw a silver lining in the oil price drop for gas output. Gas bucked the rest of the energy sector on Monday, jumping as much as 7%, even as oil
Occidental reduces dividend and capital spending
March 10, 2020
Oxy.com HOUSTON – March 10, 2020 – Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. The company also announced it will reduce 2020 capital spending to between $3.5 billion and $3.7 billion from $5.2 billion to $5.4 billion and will
Golar LNG Appoints new Chief Financial Officer
March 10, 2020
Golar LNG Appoints new Chief Financial Officer
Experts: Companies with strong ‘hedge books’ will survive oil war
March 10, 2020
Houston Chronicle Oil companies that locked in part of their production at prices before the oil war between Russia and Saudi Arabia are in a better position to survive record low commodity prices, experts said. Muscling for dominance and seeking to take market share from U.S. shale producers, Russia and Saudi Arabia have vowed to flood the global market with
Pattern Energy Stockholders Approve Canada Pension Plan Investment Board Merger Agreement
March 10, 2020
Pattern Energy Stockholders Approve Canada Pension Plan Investment Board Merger Agreement
Oil rebounds from worst loss since 1991 amid stimulus hopes
March 10, 2020
Houston Chronicle Oil rebounded from its worst loss since 1991 on speculation that potential U.S. tax cuts may shield the market against the coronavirus and a price feud between major producers. Futures climbed 10% in New York, advancing in tandem with equities after President Donald Trump said his administration will discuss a possible payroll tax cut with Congress. Prices mostly
Black Stone Minerals, L.P. Announces 2019 K-1 Tax Packages Are Now Available
March 10, 2020
Black Stone Minerals, L.P. Announces 2019 K-1 Tax Packages Are Now Available
U.S. suspends oil sale from strategic reserve amid price drop
March 10, 2020
Reuters WASHINGTON – The U.S. Department of Energy said on Tuesday it has suspended a sale of up to 12 million barrels of oil from the government’s emergency crude reserve due to the petroleum price drop. The DOE had announced the Strategic Petroleum Reserve sale in late February, before the coronavirus outbreak and a price war between major oil producers
Occidental Reduces Dividend and Capital Spending
March 10, 2020
Occidental Reduces Dividend and Capital Spending
Energy Dept. says OPEC trying to ‘shock oil markets’
March 10, 2020
Houston Chronicle A Department of Energy spokeswoman called out OPEC’s decision not to cut oil production as an attempt to “manipulate and shock oil markets,” after oil prices dropped close to $30 a barrel Monday. “These attempts by state actors to manipulate and shock oil markets reinforce the importance of the role of the United States as a reliable energy
