David Hunkar submits: The top global companies in four different areas in the energy industry are listed below. These firms were ranked for 2009 by the consultancy PFC Energy. 1. Top Companies in Exploration and ProductionComplete Story »
David Hunkar submits: Crude oil prices continue to march higher due to geo-political risks and other factors. On the New York Mercantile Exchange March crude rose 0.1% to settle at $90.86 a barrel. Across the U.S. consumers are already feeling the impact of rising oil prices with pump prices well above $3.00 a gallon.With the economy slowly recovering, gasoline demand may increase.
Energy exchange-traded funds are beating the Standard & Poor’s 500 on expectations the oil and gas industry is set for better returns than the broader market as a global economic expansion stokes fuel demand.
The value of ETFs that own energy stocks such as Exxon Mobil Corp. surged 38% this year through Wednesday, helped by about US$482-million in fresh cash from hedge funds and other investors in the past week, according to data compiled by Bloomberg. The S&P was little changed.
In Monday's WSJ, Guy Chazan explains why energy companies are shifting their focus away from the Middle East and toward the West, and how this will have profound implications for the companies, global politics and consumers, here's an excerpt:
Canadian taxpayers have given more than $400 million to some large oil, gas and pipeline companies in recent years to support green projects that are also boosting the industry’s environmental credentials.
An analysis of federal accounting records by Postmedia News shows that Prime Minister Stephen Harper’s government has offered these subsidies to money-making companies such as Shell Canada, Suncor, Husky Energy and Enbridge to pursue projects in biofuels production and wind energy as well as new technology to capture carbon pollution and bury it underground.
NEW YORK/TORONTO — UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said.
The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with deep technical expertise. Such bankers can help them win new investment banking business from companies that want to shed assets.
David Hunkar submits: The S&P 400 MidCap Index measures the performance of U.S. mid-size companies with market caps from about $2 billion to $10 billion. The stocks in this index are selected based on market cap, liquidity and industry representation.