HEI- Energy week in review

oilandgas

NRG Energy moves more assets to spinoff company

NRG Energy, Inc. (NYSE: NRG), with co-headquarters in Houston and New Jersey, has moved more alternative energy assets to its spinoff company NRG Yield, Inc. (NYSE: NYLD).

The assets consist of wind plants in West Virginia, Oklahoma, Nebraska, and include the Walnut Creek natural gas facility in Industry, California. Read more…

LINN Energy cuts 2015 budget in half

Houston-based LINN Energy, LLC (Nasdaq: LINE) released its 2015 capital expenditure budget which includes a 53 percent decrease from the year prior.

In 2014, LINN’s capital expenditure for oil and gas was $1.55 billion compared to $730 million for 2015. Dividends to shareholders were also reduced from $2.90 to $1.25 per share on an annualized basis. The company cited lower crude prices as the cause for its revised budget. Read more…

It has arrived! What oil in the $40’s mean

Crude oil hit a milestone on Monday by selling briefly under the $50 per barrel mark. That means that oil in the $40s has arrived. Whether this remains in place is up to the oil market gods, but it has serious implications for consumers and companies alike. Read more…

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