Why These 3 Oil Dividend Stocks Tumbled More Than 15% in June
Oil prices cooled off a little bit in June. West Texas Intermediate (WTI), the primary U.S. oil price...
Oil prices cooled off a little bit in June. West Texas Intermediate (WTI), the primary U.S. oil price benchmark, fell 7.8% last month, closing at $105.76 per barrel. Last month's sell-off in the oil market weighed on most oil stocks.
Norwegian Oil and Gas Workers Start Strike, Cutting Output
Norwegian offshore workers began a strike on July 5 that will reduce oil and gas output, the...
Norwegian offshore workers began a strike on July 5 that will reduce oil and gas output, the union leading the industrial action told Reuters.
The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to Europe especially tight after Russian export cutbacks.
“The strike has begun,” Audun Ingvartsen, the leader of the Lederne trade union said in an interview.
Operator Equinor ASA has initiated a shutdown of three fields in the North Sea as a result of a strike, the company said on July 5.
Another one: Vauld, a crypto lender backed by Coinbase and Peter Thiel, paused withdrawals, trading, and deposits in order to survive Crypto Winter.
Three people were killed in a shooting at a shopping mall in Denmark. Authorities said the gunman’s motives were not terror-related.
Turkey’s annual inflation rate surged to 79%, the highest level in 24 years.
GoFundMe donations have topped $300,000 for a Burger King worker who, after never missing a day of work for 27 years, was given a drawstring backpack, a movie ticket, and a few other knicknacks as a thank-you present by management.
Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion...
Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion to $2 billion, some executives in the company acquired more shares in the Oklahoma City company.
The expanded buyback program was announced on June 22 and reports filed with the U.S. Securities and Exchange Commission show at least three company executives launched their own acquisitions of company shares buying nearly $1 million in stock.
$270 million acquisition expands Ascent’s holdings in Ohio
Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica...
Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica Shale in Ohio were expanded with the $270 million acquisition of new assets.
The company did not identify the seller but said the acquisition expands Ascent’s asset base in the Ohio Utica Shale play by ~26,800 net acres and increases net production by approximately 60 mmcfe/d.