Oil & Gas
MDR Stock Sinks as Outlook Concern Outweighs Financing Lifeline
MDR stock is down 12% today despite McDermott International (NYSE:MDR) coming to an agreement with lenders to access up to $1.7 billion USD in financing in order to help the embattled energy engineering and construction ... [Read]
Oil & Gas
PE Stock Gains 5% Following Jagged Peak Acquisition
PE stock is up 5% today after Parsley Energy Inc (NYSE:PE) announced it would acquire Jagged Peak Energy Inc (NYSE:JAG) in an all-stock merger worth approximately $2.27 billion USD. The deal will see the Austin, Texas-based ... [Read]
Oil & Gas
PUMP Stock Soars on Boardroom Reshuffle Following Accounting Probe
PUMP stock has gained over 18% on Thursday after ProPetro Holding Corp (NYSE:PUMP) announced a number of changes to its executive leadership team in light of a recent internal probe into the company’s accounting practices. ... [Read]
Oil & Gas
MDR Stock Sinks as Company Seeks Bridging Loan to Avoid Bankruptcy
MDR stock is down over 5.5% today amid reports that McDermott International Inc (NYSE:MDR) is seeking a bridging loan to avoid bankruptcy. MDR Stock Down Nearly 70% This Year The company is seeking a loan ... [Read]
Oil & Gas
SDRL Stock Slumps 30% in Four Sessions: Should Investors Be Nervous?
Over the past few weeks, offshore oil drilling company Seadrill Ltd (NYSE:SDRL) has been in the news for having signed important deals, and SDRL stock price improved considerably on Monday. Moreover, the troubles in Saudi ... [Read]
Oil & Gas
MDR Stock Plummets as Company Brings in Turnaround Consultants
McDermott International Inc. (NYSE:MDR) has enlisted AlixPartners LLP to help stem its heavy losses, with MDR stock plummeting 22%. McDermott, an American oil and gas engineering firm, has been struggling in recent quarters and posted ... [Read]
Oil & Gas
YUMA Stock Jumps 80% Following Attack on Saudi Arabian Oil Refinery
Energy stocks are chiefly trading in the green Monday, with YUMA stock leading the way, trading up by more than 80%. The gains come after an attack on an oil refinery in Saudi Arabia; this ... [Read]
Oil & Gas
CPE Stock Boosted as Shareholders Oppose Callon’s Takeover of Carrizo
CPE stock has been bolstered by shareholders of Callon Petroleum Co (NYSE:CPE) opposing to its proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO). CPE Stock Declining Since Deal was Announced Billionaire investor John Paulson, whose ... [Read]
Alternative Energy
Alternative Energy Stocks that Will Keep Your Future Looking Bright
Making money and saving the planet doesn’t have to be mutually exclusive. In fact, there are plenty of publicly-traded companies that are finding ways to capitalize on new, environmentally-friendly technology. Among the best stocks an ... [Read]
Oil & Gas
CPG Stock Jumps 6% As Investors Welcome Major Asset Sale
Crescent Point Energy Corp (TSX:CPG) (NYSE:CPG) has announced it will attempt to cut debt through two major asset sales, boosting CPG stock over 6%. Crescent has said it will exit the Uinta Basin in Utah, ... [Read]