Boise Inc. announced a net loss of $0.9 million per diluted share for first quarter 2009, compared with fourth quarter net loss of $15.5 million per diluted share. Boise Inc. first quarter 2008 net loss was $16.4 million or per diluted share. For full story, click here
Power producer Dynegy Inc. reported that it cut its fourth-quarter loss from a year ago, but warned that it expects to lose money in 2009 as energy prices decline. For more information, click here
Oil and Natural Gas Corp, India’s largest oil and gas producer, lost over Rs 1,570 crore in revenues on sale of natural gas at price lower than its cost of production during 2007-08. For full story, click here
Energy stocks moved within striking distance of their Oct. 10 lows with double-digit percentage losses Thursday, as oil futures closed at a three-and-a-half-year low, retail gasoline prices dipped within a whisker of $2 a gallon, and natural-gas shares dropped sharply on a surprise boost in weekly inventory data. For full story, click here
Constellation Energy Partners, an affiliate of Constellation energy group, has blamed an $8.8 million loss in second-quarter profits on higher natural gas prices. Constellation Energy Partners CEO Stephen Brunner said: The company reported higher production in the second quarter, up nearly 146 percent from the same period in 2007. The company completed 21 wells and seven [...]
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