California is an alternative energy giant, but is also home to one of the best-kept secrets of the U.S. fossil fuel renaissance – the Monterey shale.
A deep and prolonged slump in natural gas prices has thrown much of the industry’s largest produces into a state of panic and turmoil. As prices have fallen, so have stock prices — with shares of natural gas giants like Chesapeake Energy spacer, Devon Energy spacer, and Encana spacer have fallen twenty-plus percent over the last year.
Chesapeake Energy, the second-largest natural-gas driller in the U.S. and an active user of derivatives for hedging against the ebbs and flows of its core business, recently removed its most of its 2012 derivatives positions, leaving the company naked to big dips in natural-gas futures prices just as they are hitting a ten-year low.
These energy industry events and conferences listed below bring together corporate executives, investors, lawmakers and regular folks looking to learn more about a particular industry.
Hey everyone, a bit later than usual, but we have the leaderboard for the finals with a new name on top. A few notes before we get to that. Some of the numbers were incomplete in yesterdays' post for a couple of portfolios. However, I want to make clear that the total for the portfolio values were accurate. We just had a little less of the complete picture for the trades. We're working to make sure we do the best job on that front. As for one stock--BPRG--it is a valid stock for the contest. Reuters data shows a market cap of $1.3B on 3/2/07--which was the date for contest stocks.
Good morning all. We have some info for you. The first Million Dollar Finals leader is Donald Tang who gained $73K on Mindray Medical. He's closely followed by Serge Amelyan with the same Mindray Medical trade. However, Serge used his remaining cash to buy 2 shares of CMGI at $2.44, which fell -2.46% Tuesday-- resulting in the $0.12 difference between him and Donald, and costing him the tie for first.