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Key Analyst Sees Huge Upside in Schlumberger After Acquisition

Schlumberger Ltd. (NYSE: SLB) announced on Wednesday that it will be acquiring Cameron International Corp. (NYSE: CAM) in a cash and stock deal. The agreement was unanimously approved by both ...
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Seadrill Rises on Solid Earnings Beat

Seadrill Ltd. (NYSE: SDRL) reported its second-quarter financial results before the markets opened on Thursday. The company had $0.77 in earnings per share (EPS) on revenue of $1.15 billion, compared ...
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Crude Oil Price Dips After Inventory Shows Big Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 5.5 million barrels last week, maintaining a total U.S. commercial ...
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Short Sellers Become More Selective on Major Oil Stocks

The short interest data have been released for the August 14 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Oil tanker

Key Analyst Sees Attractive Entry Into Euronav

Considering falling oil prices and the cost that it takes to store oil, Euronav N.V. (NYSE: EURN) appears to be well positioned to take advantage of this. A key analyst ...
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Despite Market Tank, Why Merrill Lynch Made Major Oil Upgrade

The markets were absolutely crumbling in Monday’s trading session, with the Dow down near 1,000 points and the S&P down around 90 points. At the same time, crude oil prices ...
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Oil Plunges Below $39, With No Bottom in Sight

After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off ...
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Oil drilling rig

Hedge Funds Increase Short Positions as Crude Oil Prices Fall

In the week ended August 21, the number of rigs drilling for oil in the United States totaled 674, compared with 672 in the prior week and 1,564 a year ...
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United 787 Dreamliner

Airlines Not Feeling Love From Oil Under $40

West Texas Intermediate crude broke under $40 for the first time in about six years on Friday. If there is one sector inside of the economy that loves it when ...
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oil-jack-pumps

Crude Oil Capex, Production Estimates Rise in Q2

Among a group of 16 independent oil and gas exploration and production (E&P) companies, crude oil production in the second quarter of 2015 rose an estimated 21% sequentially. At the ...
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Oil refinery

Meet the Newest Van Eck ETF

Just after markets opened on Wednesday morning, Van Eck Global launched the Market Vectors Oil Refiners ETF (NYSEMKT: CRAK), which is the first U.S.-listed exchange traded fund to offer pure-play ...
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Offshore drill rig

Low Bidding in Gulf of Mexico Offshore Drilling Rights Auction

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has now held and completed its oil and gas lease sale for the western Gulf of Mexico for ...
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Crude Oil Price Plunges After Huge Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, maintaining a total U.S. commercial ...
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6 Oil and Energy Stocks Analysts Want You to Buy Now

Investors, oil barons and wildcatters alike have made and lost vast fortunes in the oil patch. The trends of oil busts to oil booms come and go, and currently the ...
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Why Warren Buffett Continues to Dump His Exposure to Oil and Oil Stocks

Being the richest man in the world and being able to have a long-term investing horizon of 20 to 100 years must come with some privilege. It is no wonder ...
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