Archives for 2020
Icahn sees ‘strong bids’ emerging for Occidental on oil rebound
Activist investor Carl Icahn said Thursday he expects oil prices will rebound in the near to medium term and that “strong bids” will likely emerge for Occidental Petroleum Corp. Source: FuelFix
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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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