Energy Finance

Archive for February, 2009

S&P: Drill Rig Decline Will End In April

Friday, February 6th, 2009 Posted in Uncategorized | Comments Off

"The U.S. land rig count may bottom in April," says Mark Urness of Calyon Securities. "During major cyclical downturns, the rig count has usually bottomed in the month of April ... Read more..

Devon Reports 4Q Net Loss Of $6.8 billion

Wednesday, February 4th, 2009 Posted in Uncategorized | Comments Off

Devon Energy Corp. today reported a net loss of $2.1 billion, or $4.85 per common share ($4.85 per diluted common share), for the year ended December 31, 2008. Increased natural ... Read more..

$25 Per Barrel In 2Q2009, Says Morgan Stanley Analyst

Tuesday, February 3rd, 2009 Posted in Uncategorized | Comments Off

More weakness may be ahead for crude oil prices. The likely second quarter oil price trough may fall as low as $25 per barrel, says Morgan Stanley & Co. Inc. ... Read more..

S&P: What Comes After Zero?

Monday, February 2nd, 2009 Posted in Uncategorized | Comments Off

The Federal Open Market Committee held the funds rate in its 0% to 0.25% range at its January meeting and "most of the words were the same as in the ... Read more..