Editor’s Note: Related tickers: Cheniere Energy, Inc. (NYSEAMEX:LNG), Chevron Corporation (NYSE:CVX), Clean Energy Fuels Corp. (NASDAQ:CLNE), Hess Corp. (NYSE:HES), Suncor Energy Inc. (USA) (NYSE:SU), Exxon Mobil Corporation (NYSE:XOM), Talisman Energy Inc. (USA) (NYSE:TLM)
A federal judge ruled Monday that New York attorney Steven Donziger, who is being sued by Chevron Corporation (NYSE:CVX) for fraud, is not entitled to damages over alleged misrepresentations. …Donziger, who represents the indigenous residents who sued Chevron Corporation (NYSE:CVX) in Ecuador, filed counterclaims against the oil giant for attempted extortion and fraud. Chevron Corporation (NYSE:CVX) moved to dismiss for failure to state a claim upon which relief may be granted. Kaplan, in his opinion, pointed to an April 15 report and recommendation in which Magistrate Judge James C. Francis IV recommended that Chevron Corporation (NYSE:CVX)’s motion be granted.
Clean Energy Fuels (CLNE) Shares Cross Below 200 DMA (Forbes)
In trading on Wednesday, shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) crossed below their 200 day moving average of $13.03, changing hands as low as $12.90 per share. Clean Energy Fuels Corp. (NASDAQ:CLNE) shares are currently trading off about 2.2% on the day. The chart below shows the one year performance of Clean Energy Fuels Corp. (NASDAQ:CLNE) shares, versus its 200 day moving average: Looking at the chart above, Clean Energy Fuels Corp. (NASDAQ:CLNE)’s low point in its 52 week range is $10.90 per share, with $14.82 as the 52 week high point — that compares with a last trade of $12.95.
Centrica Buys Hess’s Energy Marketing Business for $731 Million (BusinessWeek)
Centrica PLC (LON:CNA) agreed to buy Hess Corp. (NYSE:HES)’s Energy Marketing business for $731 million in cash as part of a plan to double profitability in North America within five years. …The company said in February its North American expansion drive would be achieved through small and large purchases. It teamed up with Qatar Petroleum to buy gas fields from Canada’s Suncor Energy Inc. (USA) (NYSE:SU) in April and also signed a 20-year contract with Cheniere Energy, Inc. (NYSEAMEX:LNG) to import the fuel from the U.S.
Chevron Draws Europe Toward Natural Gas Independence: Energy (EnergyTribune)
Chevron Corporation (NYSE:CVX) is betting it can win over eastern Europeans with the idea of energy independence even after dry wells and government delays led Exxon Mobil Corporation (NYSE:XOM) and Talisman Energy Inc. (USA) (NYSE:TLM) to scrap efforts to tap natural gas deposits in Polish shale. Bringing shale drilling to Europe from North America promises to help the region ease years of dependence on Russian fuel and hurts the Kremlin’s ambition to secure the country’s future as an energy superpower. Use of hydraulic fracturing, or fracking, upended the U.S. gas industry, which overtook Russia as the biggest producer, driving prices to a decade-low.
