Comprehensive Real-Time News Feed for West, TX.
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Once thought to be impregnable due to its fee-based energy infrastructure holdings, Kinder Morgan has not only seen its shares dragged down with the rest of the energy sector but it too succumbed to cutting its dividend last December. But while it is bloodied and bruised, with many energy companies having also found themselves in bankruptcy court lately, a great deal more would have to go wrong for Kinder Morgan to find itself headed down a similar path. Comment?
Concerns about the global economy plagued the U.S. stock market on Tuesday, and investors sent major market benchmarks to their second straight day of losses this week. The S&P 500 fell 1%, while the Dow settled for a 0.75% decline, following international stock markets lower. Comment?
To say that prices for oil and gas have been on a roller coaster ride over the last 18-plus months would probably do actual events a disservice. After all, it's not often that a multitrillion-dollar industry, one that is vital to the modern economy, suffers what amounts to an all-out depression. Comment?
Two of our energy sector analysts weigh in on recent production moves by oil giant Chevron and analyze the repercussions of a new partnership between SolarCity and Whole Foods. made an agreement to fit solar panels to the rooftops of around 100 Whole Foods stores around the country. Comment?
On an up-and-down and back-to-even-week for oil prices, the market stayed mostly optimistic on this group of oil producers, while one midstream operator reported solid earnings to start the week. While the week of March 7-11 didn't give us five energy stocks that doubled as we saw one week ago, we did get some continuing optimism from investors, with dozens of oil and gas-related stocks finishing the week higher than they started. Comment?
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