Suncor Energy to Release Second Quarter 2023 Financial Results
July 25, 2023
Calgary, Alberta–(Newsfile Corp. – July 25, 2023) – Suncor (TSX: SU) (NYSE: SU) will release its…
Buffett bets on fossil fuels amid cheap market valuations
July 25, 2023
Oil Price Warren Buffett and his investment conglomerate Berkshire Hathaway have been increasing stakes in oil and gas industry operators this year as cheap valuations and attractive returns make fossil fuels good investments amid the ongoing ESG considerations from many other investors. “I love ESG” because oil and gas stocks are cheap now partly due to this, Cole Smead,
US oil M&A jumps as private equity unloads shale assets
July 25, 2023
Nasdaq HOUSTON – U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 billion – nearly three times that of the first quarter, energy analytics firm Enverus disclosed on Tuesday. There were 20 deals
TotalEnergies boosts its renewables business with $1.66 billion deal
July 25, 2023
Oil Price TotalEnergies is buying out all remaining shares in renewable energy developer Total Eren for $1.66 billion, thus raising its stake in the firm to 100% from 30%, the French supermajor said on Tuesday. The acquisition of the 70.8% stake in Total Eren that TotalEnergies did not already own is part of the energy giant’s strategy to pursue profitable growth in
US distillate stocks fail to make summer recovery amid refinery outages
July 25, 2023
Nasdaq U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer. Though diesel prices have fallen by 30% year-on-year, tight
Brazilian energy major plans to spend $17 billion on mergers and acquisitions
July 25, 2023
Oil Price Brazil’s energy major Eletrobras has plans to invest close to $17 billion over the next five years and is eager to grow through mergers and acquisitions. That’s according to a security filing, cited by Reuters, in which the Brazilian company also said that investments in electricity generation would come in at around $3.6 billion over the period. The company will also
Oil prices hit fresh 3-month highs on tightening supplies
July 25, 2023
Reuters NEW YORK :Oil prices rose to fresh three-month highs on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment. Brent futures gained 31 cents at US$83.05 a barrel by 11:03 a.m. EDT, after hitting US$83.30 earlier, the highest since April 19. U.S. West Texas Intermediate (WTI) crude rose
3 Energy Stocks to Watch With Quality and Momentum Backing Them
July 25, 2023
2023-07-25 09:36:26 ET Despite facing macroeconomic headwinds, the energy industry holds …
4 B-Rated Energy Stocks With Tons of Value in Them
July 25, 2023
2023-07-25 08:19:38 ET The energy sector shows great promise, buoyed by soaring prices an…
4 B-Rated Energy Stocks With Tons of Value in Them
July 25, 2023
2023-07-25 08:19:38 ET The energy sector shows great promise, buoyed by soaring prices an…
