Archives for June 2016
Energy companies still taking a beating, but bottom is in sight
Continued low oil and gas prices are punshing energy companies in the S&P 500, which will see earnings drop 31.8 percent in the second half of 2016 compared with last year, according to financial data company FactSet....
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Power to Choose website tweaked to weed out misleading rates
The “Power to Choose” website by default will now filter out plans that include financial penalties for using too little or too much electricity each month — the so-called minimum-use fees that are the bane...
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Oil industry execs feeling more optimistic, Fed survey shows
HOUSTON – The drilling business began turning around in the second quarter and oil executives are changing their tune about their prospects as crude prices rise, a new Dallas Fed survey shows. The Federal Reserve...
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Market Currents: Saudi, Iran, Iraq oil exports rip higher
Once again, broader markets are maintaining a risk-on stance, with a falling dollar helping to usher crude prices higher. With weekly inventories bringing focus back to U.S. fundamentals as we charge toward a holiday weekend...
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Energy Transfer ends $33 billion Williams merger
The proposed merger of two pipeline giants and rivals represented a contentious case of buyer’s remorse for Energy Transfer in a deal that was considered a major coup before oil markets crashed further. A potential...
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