Energy Business

How Halliburton Beat Estimates (Hint: US Production Is Rising)

Halliburton Co. (NYSE: HAL) reported second-quarter 2017 results before markets opened Monday morning. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.23 on revenues ...
Read Full Story »

Why Energy Producer Encana’s Stock Has Leaped Higher After Earnings

Calgary-based energy producer Encana Corp. (NYSE: ECA) on Friday reported second-quarter adjusted earnings per share of $0.34, shattering the consensus estimate of $0.04 per share. Revenue climbed to $1.08 billion, ...
Read Full Story »

Why Schlumberger Q2 Earnings Are Good News

Schlumberger Ltd. (NYSE: SLB) reported second-quarter 2017 results before markets opened on Friday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.35 on revenue ...
Read Full Story »

Kinder Morgan Reverses Course, Plans 25% Dividend Hikes Annually to 2020

When energy infrastructure giant Kinder Morgan Inc. (NYSE: KMI) announced in late 2015 that it would cut its dividend by 75% to 50 cents annually from $2.04, the stock tumbled ...
Read Full Story »

BP Pipeline Spin-off Aimed at Increased Cash Flow

The U.S. subsidiary of BP plc (NYSE: BP) said on Tuesday that the company is considering a plan to create and spin-off a master limited partnership (MLP) of its U.S. ...
Read Full Story »

Jefferies Lowers Expectations on Diamond Offshore, Ensco, Noble, Rowan, Transocean

Many investors and analysts alike have been fighting over what is a good entry point for long-term energy investors. Even the top stocks are down from their 52-week highs, but ...
Read Full Story »

RBC Large Cap Oil Field Giants Have Huge Upside Potential

Energy investors have been on one of the biggest roller-coaster rides over the last three years, and it looks as though they may have to stay on for the foreseeable ...
Read Full Story »

BJ Services Gears Up for IPO

BJ Services registered an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). There were no pricing details mentioned in the filing, but ...
Read Full Story »

Energy MLPs May Be Best Second Half 2017 Play: 4 to Buy Now

It’s becoming more and more clear that the attempt by OPEC and the Russians to slow production has started to hit a wall. With compliance hitting a six-month low in ...
Read Full Story »

Refining May Be Best Energy Play Now: 3 Dividend Stocks to Buy

Despite the fact that OPEC compliance is down to its lowest levels since the production cuts were announced last November, the low prices for gasoline, especially in the busy summer ...
Read Full Story »

What Occidental’s Dividend Hike Means For Its Oil & Gas Rivals

Oil remains stuck under $50 per barrel in the summer of 2017. The grand recovery helped the oil giants in 2016, but the oil price recovery seems to have already ...
Read Full Story »

Despite Lower Oil Ahead, JPMorgan Bullish on 3 Top Large Cap Picks

There was never any doubt that it would happen, because it always does. Despite pledges from OPEC countries to lower production, OPEC's compliance with production cuts fell in June to ...
Read Full Story »

Short Sellers Back Off Major Oil

Crude oil had traded above $50 a barrel before early March, and recently it has taken a big step back. This was once thought as a support level, but after ...
Read Full Story »

Short Sellers Flee Solar Stocks, Load Up on Alternative Fuels

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on June 30. Of the companies we watch, short interest fell on ...
Read Full Story »

Why Jefferies Upgraded 4 Top MLPs

The Alerian MLP Index has dropped about 9% over the past 12 months, but as bad as that sounds, since June 21 the index has gained more than 6%. Is ...
Read Full Story »