Archives for 2016
TransCanada closes on Houston’s Columbia Pipeline Group
The deal, which is $13 billion when counting the assumption of debt, makes TransCanada North America’s largest natural gas storage company and one of the largest gas pipeline giants. Columbia also gives TransCanada a major...
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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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