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Monday Sector Laggards: Energy, Industrial

On January 24, 2017, in News, by admin
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In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 1.2% loss. Within that group, Transocean Ltd (NYSE: RIG) and Southwestern Energy Company (NYSE: SWN) are two of the day’s laggards, showing a loss of 3.7% and 3.2%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is down 1.1% on the day, and down 2.18% year-to-date. Transocean Ltd, meanwhile, is roughly flat on a year-to-date basis, and Southwestern Energy Company, is down 15.83% year-to-date. Combined, RIG and SWN make up approximately 0.8% of the underlying holdings of XLE.

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NEW YORK, Jan. 23, 2017 – Minnesota Timberwolves owner Glen Taylor and the NBA Development League today announced a letter of intent from Taylor to purchase majority ownership in the NBA D-League’s Iowa Energy. Subject to finalization and NBA D-League approval of the transaction, Minnesota would become the 18th NBA team to own and operate an NBA D-League affiliate. 

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Trump and Wyoming Fight Energy’s Winds of Change

On January 24, 2017, in News, by admin
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Amid the pomp, red baseball caps and star-studded roster of entertainers at President Donald Trump’s inauguration, it’s been all too easy to overlook the unpredictable interplay of politics and energy markets.

Luckily, Wyoming is here to remind us.

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Over the next eight to nine years, energy storage capacity in developing countries is expected to skyrocket from 2 gigawatts (GW) today to more than 80GW, according to a new report by the World Bank Group.

The report, “Energy Storage Trends and Opportunities in Emerging Markets,” indicates the annual growth in energy storage capacity will exceed 40% each year over the next decade.

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Making sense of President Trump’s energy plan

On January 24, 2017, in News, by admin
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Experts say his plan to bring back coal and increase oil and gas defies reason.

 

Open the Whitehouse.gov website since President Donald Trump took over and the first item under top issues is his America First Energy Plan. While short on details, the new president’s blueprint is chock full of contradictions and outdated assertions about the status of America’s energy supply.

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Whiting Petroleum Corporation (NYSE:WLL) shares finished during $12.14 with 12.19 mln shares exchanging hands. That puts a marketplace capitalization during $3.37 bln. It non-stop a event with a $12.08 cost tag, after trimming from $11.94 to $12.27, a operation during that a batch has traded during via a day. The batch stands scarcely -15.93% off contra a 52-week high and 262.39% divided from a 52-week low. The series of shares now owned by investors are 277.78 mln.

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CASPER, Wyo. (AP) – For a initial time in about 6 years, state regulators this week have invoked special conditions that need appetite companies to revoke wickedness from oil and gas fields in southwest Wyoming.

The Wyoming Department of Environmental Quality released supposed ozone movement days in a Upper Green River Basin for Friday and Saturday. Ground-level ozone is a primary part for smog. Wyoming issues movement days when a continue foresee is auspicious to producing ozone.

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Jan. 23 (UPI) – Energy zone engineering services association Lamprel pronounced Monday it was holding a discreet position on a year forward notwithstanding a extended marketplace rebound.

Lower wanton oil prices given 2014 has crimped spending in a oil, gas and renewable sectors serviced by companies like Lamprell, yet a association final year was forced to trim payrolls by around 4,000 by a finish of 2016 to sojourn cost competitive.

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Jan 23, 2017 1:13 PM
By Michael Wright

Energy sustainability advocates are dire East Hampton Town to occupy a new set of building standards, already in use in Southampton Town, that would need a use of rarely on-going appetite saving record to shackle appetite use by vast homes.

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