Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 (“Series 17 Shares”) (TSX: PPL.PR.Q) on March 31, 2024. This press release features multimedia. View the full release… Continue reading Pembina Pipeline Corporation Provides Notice of Series 17 Preferred Share Conversion Right and Announces Reset Dividend Rates

Crude oil futures surged over 1% on Friday, reflecting indications of a tightening market in anticipation of an upcoming decision by OPEC+ regarding production cuts. The West Texas Intermediate (WTI) contract for April rose by $1.51, or 1.93%, reaching $79.77 per barrel, while May Brent futures climbed $1.40, or 1.71%, to $83.31 a barrel. Both… Continue reading Oil prices rise more than 1% as signs indicate tightening market ahead of OPEC+ decision

MicroStrategy’s Michael Saylor, a prominent advocate for Bitcoin, reiterated his faith in the cryptocurrency, asserting that a strategy centered around Bitcoin remains secure for institutions in 2024. This sentiment has been vindicated by MicroStrategy’s recent stock surge, driven largely by Bitcoin’s rally to its highest level since November 2021. Saylor, holding a significant stake in… Continue reading Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy

Crude oil futures are on track for a second consecutive monthly gain as OPEC+ plans to prolong its production cuts and recent inflation data aligns with expectations. Despite the Commerce Department’s report showing a rise in inflation in January, crude futures remained relatively stable. The West Texas Intermediate (WTI) contract for April saw a marginal… Continue reading Oil on pace for monthly gain as OPEC+ expected to extend cuts, inflation rises as expected

Crude oil futures experienced a slight decline as U.S. crude inventories saw an uptick while OPEC+ deliberated extending production cuts into the second quarter. The April West Texas Intermediate contract dropped by 45 cents to $78.42 a barrel, while April Brent futures fell by 20 cents to $83.45 a barrel. U.S. commercial crude stocks increased… Continue reading Oil prices edge lower as U.S. crude inventories rise, OPEC+ considers extending production cuts

First Solar saw a significant surge in its shares following a strong fourth-quarter performance, despite a slight revenue miss. The company reported a 30% year-over-year increase in net income to $349.2 million, with earnings per share surpassing estimates at $3.25. Although revenue fell slightly below consensus forecasts at $1.15 billion, robust margins of 43.3% outpaced… Continue reading First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector

Consumer Reports released its 2024 top vehicle rankings, with hybrid vehicles dominating the list, signaling a significant shift in consumer preferences and the automotive industry. Out of the top 10 picks, six were electrified vehicles, including plug-in hybrid models, reflecting the growing demand for environmentally friendly options and stricter fuel economy regulations. Toyota Motor emerged… Continue reading Hybrids lead Consumer Reports’ top 10 new vehicle picks

Hess Corp faced a significant drop in its shares as Chevron, which had agreed to acquire Hess for $53 billion in an all-stock transaction, warned investors of a potential roadblock. The dispute arises from Guyana’s offshore oil assets, where Hess holds a 30% stake in a consortium with Exxon and Cnooc. Chevron cautioned that Exxon… Continue reading Hess shares drop as fight with Exxon Mobil over Guyana oil threatens Chevron takeover

Tyler Loudon, the husband of a former BP merger and acquisitions manager, has pleaded guilty to securities fraud related to insider trading by eavesdropping on his wife’s work calls while she was handling a potential acquisition of TravelCenters of America. Loudon, a resident of Houston, managed to earn $1.76 million through illicit trades based on… Continue reading BP exec’s husband guilty of making $1.8 million from insider trading, snooped on her calls

Sunnova Energy faced significant investor backlash this week following the revelation of its $100 million at-the-market stock offering program, leading to a staggering 26.7% drop in its shares. CEO John Berger sought to reassure investors about the company’s financial stability, emphasizing that the stock offering was merely a precautionary measure and that Sunnova did not… Continue reading Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020

The West Texas Intermediate contract for April rose by 67 cents, reaching $78.58 a barrel, while the Brent contract for April added 55 cents, hitting $83.58 a barrel. These increases come amidst signs of a tightening global oil market and ongoing geopolitical uncertainties in the Middle East. Analysts note that the price premium of first-month… Continue reading Oil prices rise as signs point to tightening global crude market

SolarEdge’s stock faced a significant downturn following the company’s announcement of weak guidance for the first quarter of 2024, attributing the challenges to ongoing difficulties in the residential solar market influenced by high interest rates and reduced demand. The company projected revenues between $175 million and $215 million for the initial three months of 2024,… Continue reading SolarEdge tumbles on weak first-quarter guidance