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Tag Archives: Investors

Global stocks slide amid concerns about world economy

MANILA, Philippines (AP) — Global stocks fell on Thursday as investors worried about the health of the global economy given the Federal Reserve’s cautious stance about raising its interest rates. Financial markets were closed for holidays in China, Hong Kong and Taiwan. KEEPING SCORE: In Europe, Britain’s FTSE 100 slid 0.9 percent at 6,248 and Germany’s DAX fell 1.2 percent ...

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Energy Pipeline: Colorado investors look favorably to both traditional and green energy

While 73 percent of Colorado high-net-worth investors support fracking of shale deposits to develop oil and gas resources, 86 percent of them agree that the U.S. should invest in programs to increase energy efficiency, according to Morgan Stanley’s Investor Pulse Poll. High-net-worth investors are individuals who have investable assets exceeding $100,000. Morgan Stanley conducted the survey in late 2014 to ...

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Oil prices rally above $53 as investors pile in


LONDON – Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signaled lower production down the line. “There were a lot of people on the sidelines waiting for an opportunity to buy,” said Bjarne Schieldrop, chief commodity analyst at SEB. “Brent has struggled sideways for a ...

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Falling oil prices raise new concerns for states

Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues to pay for roads and other government services. With oil prices now around a five-year low, budget officials in about a half-dozen states already have begun paring ...

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Nabors and C&J Energy loan put on pause

pause button

According to Fuel Fix, due to low oil prices C&J Energy Services Inc. put their loan on hold. C&J Energy, a Houston, Texas-based hydraulic- fracturing company, has postponed its $650 million loan that will fund the company’s merger with Nabors Industries Ltd. C&J Energy commented on the loan being put on hold: C&J Energy Services remains on track to close ...

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C&J Energy court ordered to find new offers


C&J Energy Services Inc. has started seeking alternative bids from companies that are interested in either buying the oilfield services company outright or majority stake of it.  The move comes after investors took the company to court over the Nabors Industries Ltd. merger. The Delaware Chancery Court has ordered that C&J directors who have not been tapped to serve as ...

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Continental Resources’ quarterly profit falls

continental resources

Lydia Gilbertson | Shale Plays Media Google+ Reuters reported Tuesday that Bakken giant Continental Resources’ quarterly profit has fallen 68 percent.  Continental Resources is the second largest oil producer in the Bakken shale, just behind Whiting Petroleum. Its second-quarter adjusted profit rose 13 percent, largely due to its’ 24 percent increase in production. Continental Resources now produces 167,953 more barrels ...

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Armed with new technology, oil drillers revisit Gulf of Mexico

Swetha Gopinath and Sayantani Ghosh | Reuters  Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore. Apache Corp and a handful of smaller independent companies are using seismic surveying and horizontal drilling – techniques perfected ...

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Goldman Sachs Supports Methane Policy, and Why it Matters

Conor O’Sullivan | Breaking Energy Good energy policy ideas can come from all corners, and Wall Street is no exception. Goldman Sachs recently served up a powerful case for action on methane in a stroke of market logic grounded in data. In a recent report, the investment bank argues that environmental regulation is more than a necessary evil when it comes ...

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