Energy Business

2018 Outlook: Credit Suisse Sees Big Upside for 5 Top Picks in Exploration & Production

Credit Suisse has made some major changes to its oil and gas coverage universe. The firm initiated coverage on 38 exploration and production (E&P) companies, as well as the major ...
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Major Oil Short Sellers Run for Cover

Crude oil had traded above $50 a barrel in the first quarter of this year, and finally it’s back to that magic number and pushing higher. The price has held ...
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UBS Most Preferred Energy MLPs May Be the Best 2018 Buys

West Texas Intermediate crude is once again trying to knock on the door of $60 a barrel, and with less than three weeks left in the 2017 trading year, many ...
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Short Interest in Solar Drops, Alt Energy Stocks Mixed

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on November 30. Of the companies we watch, short interest fell all ...
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How Exxon Mobil Could Return as a Top Dow Stock in 2018

Exxon Mobil Corp. (NYSE: XOM) has been a serious Dow Jones Industrial Average laggard in 2017. The fall from grace has been monumental considering that Exxon has a market value ...
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Kinder Morgan Illinois Pipeline Explodes, Kills 2

A natural gas pipeline jointly owned by Kinder Morgan Inc. (NYSE: KMI) and Brookfield Infrastructure Partners and operated by Kinder Morgan exploded Tuesday morning in Lee County, Illinois, killing two ...
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Extending OPEC Cuts Will Kick Start the Permian: 4 Stocks to Buy Now

While it has long been thought that OPEC would continue the production cuts that were initially voted on this time last year, one thing has always been the worst kept ...
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Natural Gas Up a Massive 15% This Week: 4 Stocks to Buy Now

While it seems like everybody has been focused on the move in oil, with West Texas Intermediate making a run towards $60 a barrel and Brent crude over $60, it ...
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Statoil Acquires Stakes in 2 Total North Sea Projects

Norway's Statoil ASA (NYSE: STO) announced this morning that it has acquired stakes in two North Sea projects from France's Total S.A. (NYSE: TOT). The transaction, valued at $1.45 billion, ...
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Merrill Lynch Has 4 Top Oil Stocks for 2018 With Oil at 2-Year Highs

West Texas Intermediate crude closed the day on Friday at $58.97 a barrel, which was the highest price in two years. Despite the dramatic 100% plus move off the lows ...
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Icahn Takes 13.5% Stake in SandRidge, Calls Bonanza Acquisition ‘Nonsensical’

SandRidge Energy Inc. (NYSE: SD) emerged from an $8.3 billion bankruptcy in October 2016 while Bonanza Creek Energy Inc. (NYSE: BCEI) emerged in April after clearing up about $1.4 billion ...
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Vine Resources Gears Up for IPO

Vine Resources filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) in regards to its initial public offering (IPO). There were no pricing details mentioned in ...
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Oilfield Services Spending Poised to Jump: 3 Top Stocks for 2018

Oil has more than doubled since hitting the $26 mark back in January 2016. But despite the 100%+ increase in the price of the black gold, many investors continue to ...
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4 Merrill Lynch Top Idea Energy Stocks to Buy for 2018

Despite a huge rally off the summer lows, sentiment for the energy sector still remains very weak, and oil prices have been in one of the most volatile periods in ...
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Gas Prices in Some States Surge Toward $3

Gas prices usually move in tandem with the price of oil. True to form, as crude has jumped from below $50 a barrel in early October to over $57, the ...
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