4 Energy Stock Stories to Drive Investor Interest
BHP Billiton Limited (NYSE:BHP): Closing price $77.93
On Tuesday, the company predicted a substantial drop in unit costs at its coal operation in Queensland state in the second half of the financial year, subsequent to its closing of two unprofitable mines, along with and increased output at the operation. The largest exporter of steelmaking metallurgical coal by sea has been plagued in recent years with flooding in Queensland and also a long-running labor dispute at a number of the mines it owns in the state jointly with Mitsubishi Corp. that was only settled in October.
Chevron Corporation (NYSE:CVX): Closing price $115.91
The firm has said that its subsidiary, Chevron Morocco Exploration, reached petroleum accords with the Office National des Hydrocarbures et des Mines in Morocco, for three offshore areas. Once awarded, Chevron will purchase seismic data and conduct studies in deepwater areas known as Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, lying between 60 and 120 miles west and northwest of Agadir.
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TransCanada Corporation (NYSE:TRP): Closing price $49.13
On Tuesday, Nebraska Governor Dave Heineman okayed a new route for the Keystone XL oil pipeline which avoids the environmentally sensitive Sandhills region. Heineman then sent a letter to President Barack Obama and Secretary of State Hillary Clinton, saying he will permit the pipeline to be built through his state. The decision whether to go forward with the project is now with Obama.
General Electric Company (NYSE:GE): Current price $22.01
The BMW Group has once again installed four Jenbacher J616 cogeneration modules made by GE’s Gas Engines distributed power tech at BMW’s Regensburg factory in Bavaria. The cogeneration plant is generating 10.7 megawatts of reliable on-site power and providing around 30 percent of the factory’s energy requirements. In addition to supplying electricity, the cogeneration plant is capturing and employing 9.6 MW of engine waste heat in support of the factory’s production processes.
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