Avi Salzman

Electricity provider Constellation Energy is in talks to buy privately held Calpine Power for around $30 billion, according to a Bloomberg report on Wednesday. The news sent shares of Constellation down 6% in midday trading. Constellation has been one of the biggest beneficiaries of an expected surge in power demand around the country, driven by the spread of data centers, electric vehicles, and new manufacturing.

Officials haven’t determined what triggered the fires that have destroyed parts of Los Angeles, but one utility stock appears to be shouldering much of the blame already.

Officials haven’t determined what triggered the fires that have destroyed parts of Los Angeles, but one utility stock appears to be shouldering much of the blame already.

Venture Global, which exports liquified natural gas, is planning a deal that values the company at $110 billion.

Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest. And the U.S., in particular, is awash in oil, keeping gas prices down.

Shares of Canadian Natural Resources, MEG Energy, and Strathcona Resources could be worth a close look.

The Virginia company operates two liquefied natural gas plants near the Gulf of Mexico that send LNG around the world.