Schlumberger opened the earnings season for the oilfield services sector with higher profit that nonetheless missed Wall Street forecasts. Income in the January-March quarter was $1.34 billion, or $1.09 a share, compared with $1.18 billion, or 96 cents a share, in the 2007 period. Revenue rose to $6.29 billion from $5.46 billion.
On average, analysts surveyed […]
At the same time, shares of Evergreen Solar Inc. headed in the opposite direction, losing $1.17, or 10.9 percent, at $9.60. The company narrowed its first-quarter loss to $25,000 — roughly break-even per share — compared with a loss of $6.2 million or 9 cents per share a year ago.
But investors were disappointed with Evergreen’s […]
Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report […]
The EIA report appeared positive for refiners — on the surface at least — and shares of independent refiners rose with the broader market. Valero Energy shares added $3.12, or 6.4 percent, to close at $51.68. Tesoro Corp. gained $2.01, or 7.7 percent, to $27.99. Sunoco Inc. added $2.89, or 5.6 percent, to $54.94.
Gasoline inventories […]
Crude oil prices climbed to within a penny of $114 a barrel, setting new records as concerns mounted about global supplies.
Light, sweet crude for May delivery rose as high as $113.99 a barrel for the first time on the New York Mercantile Exchange before settling at $113.79, up $2.03 from Monday’s record settlement price of […]
Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones […]
The senior vice president for safety and human resources at coal producer Foundation Coal Holdings Inc. exercised options for 9,300 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, Michael R. Peelish reported he exercised options for the shares […]
The Australian share market has surged by 1 per cent after energy stocks were boosted by higher oil prices.
The All Ordinaries Index added 55 points to 5,465 and the ASX 200 picked up 58 points to 5,400.
Resource company Woodside Petroleum closed 2.7 per cent higher on rising oil prices.
Supply concerns sent the price of oil […]
Mining company Vista Gold Corp. said Monday it sold its Vista Gold (Antigua) Corp., which owns Bolivian mining assets, to Republic Gold Ltd. for $3 million.
Republic will pay in three $1 million installments, the first due upon start of commercial production at Amayapampa, followed by a $1 million payment on each of the first and […]
GOLDCORP INC. is pleased to declare its fourth monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 17, 2008 will be entitled to receive payment of this dividend on Friday, April 25, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian […]