4 Energy Stock Stories for Investors Not to Miss
Royal Dutch Shell (NYSE:RDSA): Closing price $70.34
Ukraine signs a $10 billion shale gas arrangement with Shell on Thursday at the World Economic Forum in Davos, thus making a major move away from its dependence upon Russian gas supplies, with the largest contract yet to tap shale gas in Europe and also the biggest single foreign investment by the former Soviet republic. Thus far, Shell has not publicly confirmed the deal, but the Ukrainian government signed off on it on Wednesday.
Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!
Chesapeake Energy Corporation (NYSE:CHK): Closing price $18.76
Methanex Corporation and Chesapeake have reached of a 10-year agreement through which to provide all of the natural gas needed for Methanex’s one million ton-per-year methanol facility in Geismar, Louisiana. The beginning of natural gas deliveries will coincide with the launch of the plant, expected by the end of next year.
Dow Chemical Co. (NYSE:DOW): Closing price $34.49
Dow Chief Executive Andrew Liveris, speaking at the World Economic Forum in Davos, called the United States energy complex, along with the growth of natural-gas drilling, “a game changer” that could be helpful to worldwide economic growth and job opportunities. Liveris described his bullish position for the broad energy complex, including the controversial process known as fracking. Environmentalists are very much against the practice, but Liveris called alternative energy development “a bull case for the world.”
Total (NYSE:TOT): Closing price $53.01