Energy Financial

EnerJex Resources: Hedging against low oil prices, consolidating debt

Energy Financial

EnerJex Resources announces joint venture, hedging successes, debt reduction As low oil prices continue to hammer American producers, prudent companies like EnerJex Resources continue to manage their way through challenging times. San Antonio, TX-based EnerJex Resources issued an operational and financial update Monday: On August 12, 2015, EnerJex completed the sale of various oil and […]

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Cheniere Energy: Carl Icahn takes 8.2% stake Texas LNG exporter

Energy Financial

Icahn signals he wants changes in management of Cheniere Energy Billionaire investor Carl Icahn is taking an 8.2-per cent stake in liquid natural gas company Cheniere Energy Inc., sending its shares higher in aftermarket trading. Icahn disclosed ownership of 19.4 million shares of Cheniere, which owns a liquid natural gas terminal and pipeline in Louisiana. Icahn’s funds say they want to

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Pioneer Natural Resources sticks with plan to increase Permian drilling

Energy Financial, Innovation

Internal rates of return are still excellent despite low oil prices, says Pioneer Natural Resources Pioneer Natural Resources isn’t backing down from its plan to significantly increase drilling in the Permian Basin, despite a drop in the price of oil by 20 per cent in recent weeks. “[I]nternal rates of return are most important in

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Alternative energy stock funds held up as the price of oil plunged

Energy Financial

Alternative energy stock investors enjoy steadier ride than traditional energy funds holders NEW YORK – Even as the tumble in oil prices pummels the industry, one small, and perhaps surprising, group of energy stock funds has held up better than its peers: those investing in solar, wind and other alternative energy sources. It’s an unexpected bright spot because alternative energy stocks

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Exxon Mobil posts 2Q profit of $4.19 billion, result misses forecasts

Energy Financial

Oil prices drop takes toll on Exxon Mobil financial performance Exxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $4.19 billion. On a per-share basis, the Irving, Texas-based company said it had net income of $1. The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time

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Exxon profit falls by half to $4.2B, but oil production soars

Energy Financial

Exxon refining, chemical operations performed well NEW YORK – Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company’s oil and gas production, which has been generally declining in recent years, surged. The company posted net income for the second quarter of $4.19 billion, down 52

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