The Brazilian stocks touched a new height after a poll result favoring Marina Silva against President Dilma Rousseff came in. The biggest benefactor was the state-controlled energy firm Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR). Its shares touched a 52-week high of $20.87 and closed at $20.65 on September 2, 2014. According to the survey, Rousseff…
Peabody Energy Corporation (BTU), CONSOL Energy Inc. (CNX), and Alpha Natural Resources, Inc. (ANR) Might Take Advantage of Russian Political Crisis
The crisis in eastern Ukraine has compelled many European nations and the US to impose far reaching sanctions against Russia, which is a leading supplier of natural gas to Europe. In economic perspective, this could result in a big boost to the US coal exports. This would be more so if President Vladimir Putin cuts…
ALCOA INC (AA) INCREASING COMPETITIVENESS BY ELIMINATING INEFFICIENT PLANTS
According to an official statement of Alcoa Inc (NYSE:AA) dated August 25, 2014, the company is planning to shut down one of its large aluminium smelter units. The smelter unit is located in Italy and has an annual smelting capacity of 150,000 tons. After this cut off, Alcoa’s annual global smelting capacity will be reduced…
Dynegy Inc (DYN) to Buy Coal assets worth $6.25 billion from Duke Energy Corp (DUK) and Energy Capital Partners
Dynegy Inc. (NYSE:DYN)’s share rose by 8.75% on August 22, 2014 after the company announced acquisition of coal assets from Duke Energy Corp (NYSE:DUK) and Energy Capital Partners. The company is planning to purchase coal and gas generation assets worth $6.25 billion from these two companies. According to the official statement released by Dynegy Inc…
NRG Energy Inc (NRG) Claims Its New Plant Is Not Threatening Avian Survival
Proclivity towards renewable sources of energy has led to large-scale harnessing of natural elements and eco-friendly though the concept might appear at first glance, is it truly as green and beneficial as it is meant to be? With more than 300 avian deaths having been reported from state d’art Ivanpah solar project which is operated…
BHP Billiton Limited (ADR) (NYSE:BHP) Takes Unexpected Steps to Gear Up For the Future
Mining giant BHP Billiton Limited (ADR) (NYSE:BHP) sent shock waves all over the world when it announced on Wednesday, 20th August, 2014, that it has planned a spin-off worth $14 billion as a step to gear for the future. Reaction to this news has been mixed the world over but its most severe impact so…
Targa Resources Corp (TRGP) and Markwest Energy Partners LP (MWE) Are The Next Potential Buyout Candidates
The Pipeline Industry witnessed a sudden incoming investment stream with Richard Kinder planning to take over some of the rival pipeline operators. With a huge sum of $71 billion for buyouts, Kinder is targeting rivals for the consolidation under Kinder Morgan Inc (NYSE:KMI). When asked about the move Richard Kinder said, “I think it’s a…
Questar Corporation (STR), UIL Holdings (UIL), Hawaiian Electric (HE) are trading near to their 52-Week
Hawaiian Electric Industries, Inc. (NYSE:HE) announced on August 7 2014 that, company will maintain its quarterly cash dividend of $0.31 per share and the same will be payable on September 10. 2014. Both Zacks and JPMorgan Chase & Co. have a “Neutral” rating for the stock but other analysts have a “Buy” rating for the…
Dress-Rand Group Inc. (DRC) To Receive A Record Bid From Siemens AG (SIE)
After a continuous struggle and attempts to acquire Dresser-Rand Group Inc. (NYSE:DRC) for the last three years, Siemens AG (ADR) (OTCMKTS:SIEGY) might have to offer a record bid for the company. Siemens is ready to pay up to $80 for every share of the company, which will put market cap of Dresser-Rand Group Inc. (NYSE:DRC) at…
Exxon Mobil Corporation (XOM) Started Drilling in Russia’s Arctic with Rosneft
Exxon Mobil Corporation (NYSE:XOM) started drilling in Russia’s Arctic with its Russian partner Rosneft on Saturday. The Russian President, Vladimir Putin, has appreciated the move and considered it as an excellent example of cooperation. According to Vladimir Putin, “Today, commercial success is driven by efficient international cooperation. Businesses, including Russian and foreign companies, perfectly realize…