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Tag Archives: CNBC

Buffett praises IBM, ExxonMobil even after selling oil firm

OMAHA, Neb. — Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend. Buffett says he still likes IBM’s prospects even though the company has been ...

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The top 5 Bakken stories of the week

swing of success

Rig Count: 188 5. Shareholders approve acquisition between pair of Denver-based company’s Whiting Petroleum Corp. shareholders have approved the acquisition of Kodiak Oil & Gas Corp. in an all-stock deal, according to the Denver Business Journal. The deal is valued at $6 billion. A merger between the two companies was announced back on July 13 of this year. It is ...

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Oil price drop and its effect on the Bakken

pump jack

CNBC’s Brian Sullivan reported from Williston, North Dakota, this morning to discuss falling oil prices’ effect on the area’s production companies. In two short segments Sullivan explains that it is not the price of oil itself that is the concern, but how fast it has gone down. In an interview with CNBC, Tom Powers of Texas stated that for falling ...

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American energy booming prospects

Conor O’Sullivan | Breaking Energy Elite Oil Fields Redefine Meaning of Crude’s ‘Big Three’ CNBC: Move over ExxonMobil, Chevron and ConocoPhillips—there’s a new “Big Three” in U.S. energy production. And they’re not companies. In a new update to its drilling productivity report from last week, the Energy Information Agency said North Dakota’s Bakken and Texas’ Permian Basin and Eagle Ford Shale are quietly generating ...

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Rep. Upton: Cut federal restrictions on drilling


Shane Thielges | Shale Plays Media An article by House Energy and Commerce Committee Chairman Fred Upton, R-Mi., on CNBC today says it’s high time Americans started seeing lower gas prices from the shale boom. Upton says the boom has paid off in decreased imports and prices that have remained relatively steady amid violence in Eastern Europe and the Middle ...

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