Energy Technology News

Friday, July 25, 2014

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Algonquin Power Goes Activist on Its Target Gas Natural

Algonquin Power Goes Activist on Its Target Gas Natural

TheStreet (July 23, 2014) When The Deal's Amanda Levin exclusively reported that Gas Natural had been talking to potential suitors, the Ohio company responded with a flat denial, claiming its board had not talked to anyone about a possible sale. Lo and behold, Canadian utility Algonquin Power and Utilities not only had approached the company, but it did it three times. Its last offer was for $13 per share as Gas Natural's was trading at a 60-day moving average of about $12.50 per share. Now Algonquin, which has a 4.9% stake in Gas Natural, has taken its case to shareholders, calling on them to back its proposals or, possibly, a change in the target's board. Video provided by TheStreet
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Obama: U.S. Must Have "smartest Airports, Best Power Grid"

Obama: U.S. Must Have "smartest Airports, Best Power Grid"

Reuters - US Online Video (July 17, 2014) President Barak Obama stopped by at a lunch counter in Delaware before making remarks about boosting the nation's infrastructure. Mana Rabiee reports. Video provided by Reuters
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Crude Oil Prices Bounce Back After Falling Below $100 a Barrel

Crude Oil Prices Bounce Back After Falling Below $100 a Barrel

TheStreet (July 16, 2014) Oil Futures are bouncing back after tumbling below $100 a barrel for the first time since May yesterday. Jeff Grossman is the president of BRG Brokerage and trades at the NYMEX. Grossman tells TheStreet the Middle East is always a concern for oil traders. Oil prices were pushed down in recent weeks on Libya increasing its production. Supply disruptions in Iraq fading also contributed to prices falling. News from China's economic front showing a growth for the second quarter also calmed fears on its slowdown. Jeff Grossman talks to TheStreet's Susannah Lee on this and more on the Energy Department's Energy Information Administration (EIA) report. Video provided by TheStreet
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Energy Stocks Set to Repeat Strong Performance in Second Half

Energy Stocks Set to Repeat Strong Performance in Second Half

TheStreet (July 14, 2014) The energy sector outperformed the overall S&P in the first 6 months of 2014, and the strong showing should continue in the second half as the economy gains steam and the Middle East remains troubled, said Andrew Ahrens, CEO of Ahrens Investment Partners. Ahrens said companies across the supply chain - from the rigs to the refineries to the pumps - will benefit from the uptrend and this will be reflected in the stock performances. He said the best way to take part in this rally is through owning exchange traded funds, as well as MLPs, which he said won't be hurt too badly if the Federal Reserve raises rates earlier than expected. Video provided by TheStreet
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last updated on 2014-07-25 at 1:59 pm EDT

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