crude oil prices

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Goodrich Offers 12 Million Shares in Secondary Offering

Goodrich Petroleum Corp. (NYSE: GDP) announced Monday morning that it would have a secondary public offering of 12 million shares. The price for shares was initially thought to be $4.48, or ...
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Drilling Rig

As Rig Count Falls, Hedge Funds Pile Into Long Crude Futures

In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and ...
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How Low Crude Prices Affect Nations, States and Companies

It probably goes without saying, but an oil and gas production company’s value rises and falls primarily on the value of the resources it is sitting on. When oil is ...
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Kinder Morgan pipeline

Why Analysts Think Gulfport Energy Is a Big Buy

Gulfport Energy Corp. (NASDAQ: GPOR) reported its fourth-quarter earnings this week, as well as an update on its proved reserves. The company had 933.6 billion cubic feet equivalent (BCFE) of ...
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Offshore drill rig

Transocean and Seadrill Find Minimal Salvation After Earnings

Both Transocean Ltd. (NYSE: RIG) and Seadrill Ltd. (NYSE: SDRL) reported their fourth-quarter financial results this week. Transocean’s results came after the markets closed Wednesday, and Seadrill reported before the markets ...
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Railroad Oil Tank Cars

Short Sellers Betting the Farm Against Big Oil Stocks

Oil prices made a slight recovery on the last short interest report, but it seems that the industry has slid back, and common sense would say that short sellers have ...
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Crude Oil Price Slips as Supplies Continue to Surge

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial ...
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Private Equity Bottom Fishing in Oil and Gas, Sign of a Bottom?

If you live in a city or state where the local economy is dependent on or is massively enhanced by the oil and gas sector, it is an understatement to ...
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Texas Capitol

Texas Business and Manufacturing Suffers Further From Low Oil Prices

The Federal Reserve Bank of Dallas has released its Texas Manufacturing Outlook Survey for the month of February. Many Texans have hoped that Texas is not as reliant on the ...
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186723229

5 Oil Stocks Analysts Want You to Buy Now

The recent drop in oil prices has created a situation that is very complex for investors. Oil has become cheap again and the stocks tracking the oil and gas sector ...
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Oil drilling rig

US Drilling Rig Count Declines Slowing

In the week ended February 20, the total number of rigs drilling for oil in the United States came in at 1,019, compared with 1,056 in the prior week and ...
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153715598

US Crude Oil Inventory Grows Larger Than Ever

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by 7.7 million barrels last week, maintaining a total U.S. commercial ...
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Why US Crude Oil Supply Has Skyrocketed

The U.S. oil industry seems to be producing conflicting signals about what the price of oil should be. On one hand, the number of rigs is falling dramatically, and that ...
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Oil Tanker

Analyst Has 3 Oil Stocks to Buy and 2 to Sell Now

BMO Capital Markets has just released its coverage for a group of major oil and gas stocks. Recently, oil has made a slight recovery after having fallen over 50% from its highs ...
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oil-jack-pumps

January Crude Oil Production Rises in Bakken, Eagle Ford

The sharp cuts we have seen to the number of oil rigs working in the United States has not yet translated into lower production. In fact, in two major oil ...
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