Breaking: Boeing Halts 737 Max Jet Production

2019-12-16

© Reuters. Investing.com – Boeing (NYSE:) will halt production of its currently grounded 737 Max jetliner for January, the Wall Street Journal reported Monday, citing a person briefed on the matter. The aerospace giant had continued to assemble about 40 of the jets per month while waiting for regulatory approvalRead More →

FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’ By Reuters

2019-12-11

© Reuters. Federal Aviation Administration (FAA) Administrator Stephen Dickson testifies before a House Transportation and Infrastructure Committee hearing at the Rayburn House office building in Washington By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues atRead More →

Tullow Oil cuts guidance for oil production and CEO resigns

2019-12-09

Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →

Interpretation Of OPEC’s New Production Quotas

2019-12-06

OPEC issued a press release on December 6th that stated: The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for an additional adjustment of 500 tb/d to the adjustment levels as agreed at the 175th Meeting of the OPEC Conference and 5th OPEC and non-OPEC Ministerial Meeting. These would leadRead More →

Centennial Resource Development: Strong Operational Performance Leads To Production Guidance Boost – Centennial Resource Development, Inc. (NASDAQ:CDEV)

2019-08-19

Centennial Resource Development (CDEV) had a pretty good Q2 2019 report. It announced a 5% increase in its full-year oil production guidance and an 8% increase in its total production guidance while also keeping its capex within its budgeted range (albeit toward the higher end). Centennial’s cash burn is aRead More →