Archives for March 2020
Buffett bet that infuriated Icahn is hit hard by oil crash
(Bloomberg) — It had all the trappings of a classic Warren Buffett deal. There were the preferred shares created just for him, the warrants giving him an option to buy more common stock and a...
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Devon Energy cuts capital spending by $500 million after oil crash
Devon Energy slashed its capital spending for oil exploration and production by $500 million after oil prices suffered their steepest one-day decline in 30 years. Source: FuelFix
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Opinion: Fracking needs shakeout, not bailout
(Bloomberg Opinion) — Calls for the Trump administration to provide financial aid for frackers have drawn denunciations of socialism. If anything, with oil trading around just $31 a barrel, the critics don’t go far enough. Because directing state resources into...
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A global natural gas market is starting to emerge
Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices. Source: FuelFix
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Russian producers are ready to survive flood of Saudi crude
A flood of discounted Saudi crude is heading for Europe, but Russia might just have the only producers in the world equipped to compete with it. Source: FuelFix
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