Well, it's starting out to be a happy financial Thursday as stocks jumped 100 points just in the first few minutes of trading today. Yet oil is still down to $89 as recession fears continue to rise. Talks are swirling that OPEC may actually cut production if costs fall below $80. And based on the current trends, prices could fall that low by even next week. I like a quote I just read by Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney. "The bubble has burst. Before any real increase in prices, we need to see some good economic data from around the world, and that could be a few months." If ever there were any doubts, oil's most recent roller coaster high has ended, and things are slowly crashing down.
2024-03-01 - Range’s dividend is payable on March 29 to stockholders of record by March 15.
2024-02-29 - Permian Resources’ dividends are payable March 21 to shareholders of record by March 13.
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
2024-02-27 - Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”