Plug Power Inc. shares traded 12% higher after the company reported it entered into a collaboration agreement with Phillips 66 to develop and advance low-carbon hydrogen business opportunities and additionally is joining forces with Airbus on efforts to decarbonize air travel and airport operations with green hydrogen.
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Shares of multinational oilfield service company Weatherford International Plc. reached a new 52-week high after the firm reported preliminary financial results for Q3/21 featuring an expected 75% sequential increase in cash flow from operations and free cash flow.read more >
In his review of the past quarter, Adrian Day, founder of Adrian Day Asset Management, discusses recent moves in the resource markets and why he believes gold and gold stocks are positioned to rise.read more >
CIBC World Markets Inc. commented in a research report that oil and gas producer Advantage Energy Ltd.'s capital spending plans are creating an intriguing free cash flow profile. The firm stated it is maintaining its "Outperformer" rating for Advantage and is increasing its price target for the firm's shares by CA$1.00 to CA$7.00 per share.read more >
Vertex Energy Inc. shares rose 95% to a new 52-week high after an H.C. Wainwright analyst raised the price target on the firm from $4.00 to $25.00 per share following the announcement that Vertex agreed to buy the Mobile refinery assets from Royal Dutch Shell for $75 million.read more >
Tellurian Inc. shares traded 18% higher after the company reported it entered into an agreement with Gunvor Singapore Pte. Ltd. to provide 3 million metric tons of liquefied natural gas yearly, representing "the equivalent of approximately $12 billion in revenue" over the 10-year term.read more >