{loadposition comment2} Energen Corp. (EGN) On Tuesday said that it has completed the acquisition of Range Resources Corp.'s interests in the Fuhrman-Mascho Field in the Permian Basin for $182 million is subject to standard industry closing adjustments. The effective date of the sale is May 1, 2009. {loadposition link_supportresistance}   {loadposition homeaccordion2}   {loadposition contentad}       As previously disclosed, the acquisition includes an estimated 15.3 million barrels of oil equivalent proved reserves and 15.6 MMBOE of probable and possible reserves, about 13,000 net acres, and 449 active producing wells and 58 active injector wells. {loadposition link_nowtime}   Free trading ideas and analysis are always found at LearningMarkets.com. {loadposition followus}

 

2008 was the year that brought a ton of dividend cuts in the financial sector. Banks like Comerica (CMA), Bank of America (BAC), Citigroup (C), Regions Financial (RF) and First Third Bank cut dividends several times, which jeopardized the incomes of many retirees. 2009 so far brought a second round of ...

2008 was the year that brought a ton of dividend cuts in the financial sector. Banks like Comerica, Bank of America, Citigroup, Regions Financial and First Third Bank cut dividends several times, which jeopardized the incomes of many retirees. 2009 so far brought a second round of dividend cuts from Bank of America and Comerica. Even pharmaceuticals giant Pfizer had to cut its dividend in half after announcing its acquisition of rival Wyeth. Investors are constantly bombarded with news about[More...]

Gas is essential to keep people warm during the coldest months of the year and clearly these companies operate on a cyclical basis. Although, consumers need gas throughout the year, demand is understandably greater during the winter months. However, you would think that investors, having seen this cycle year-after-year would understand the cyclical [...]

Gas is essential to keep people warm during the coldest months of the year and clearly these companies operate on a cyclical basis.  Although, consumers need gas throughout the year, demand is understandably greater during the winter months.  However, you would think that investors, having seen this cycle year-after-year would understand the cyclical nature of the business and gas stocks would not run-up so much in anticipation of the winter spike in usage.  At least this year, that pattern does not seem to apply as over the last three months Gas Utility stocks have increased by[More...]