oil and gas

Pumpjack

Nomura Analysts Remain Bullish on US Energy Sector

As the price for a barrel of West Texas Intermediate (WTI) crude oil continues to threaten $50, exploration and production (E&P) companies remain unconvinced that crude will rise to or beyond ...
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Natural Gas Price Slips After Storage Rises More Than Expected

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20. Analysts were expecting a ...
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gas pipeline

Energy MLPs Up 50% From Lows: 4 That Remain Top Analyst Picks

One almost shudders when thinking about how the energy master limited partnerships (MLPs) traded earlier this year. When 2016 started, the Alerian MLP index fell a stunning 30% in five short ...
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Oil Barrels

Crude Oil Price Holds Gains as Stockpiles Fall 4.2 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.2 million barrels last week, maintaining a total U.S. commercial ...
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Oil platform on sea

Major Oil Has Short Sellers Running for Cover

The short interest data have been released for the May 13 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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Oil worker

Why Crude Oil May Not Rise Above $50 a Barrel

U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017. ...
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offshore drillship

Freeport-McMoRan Cancels Another Drill Ship Contract

Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan Inc. (NYSE: FCX) announced late Monday that it has cancelled a third one. This one was with ...
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Offshore Drilling Rig

Nomura Raises Price Target on Noble Energy

On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural ...
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oil field sunset

4 Big Oil and Gas Stocks Analysts Want You to Buy, but Sell 2 Others

The week of May 20 ended with a very mixed bag in performance. The Nasdaq was up 1% and the Dow closed marginally in the red. Investors keep proving over ...
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fracking

Oil Rig Count Flat Last Week, Hedge Funds Dump Short Bets

In the week ended May 20, the number of rigs drilling for oil in the United States totaled 318, unchanged compared with the prior week, and 660 a year ago. ...
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Plenty of Opposition Remains to Kinder Morgan Canadian Pipeline Expansion

The National Energy Board of Canada (NEB) on Thursday recommended the planned expansion of the Trans Mountain oil pipeline system be approved. The existing pipeline is owned by Kinder Morgan ...
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Nat Gas Field

Nomura Explains Increase to Range Resources Price Target

When Range Resources Corp. (NYSE: RRC) announced Monday morning that it had agreed to acquire Memorial Resource Development Corp. (NASDAQ: MRD) for $4.4 billion in an all-stock transaction, Range's stock ...
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Oil worker

Why Halliburton May Be Worth 25% More, Even Without Baker Hughes

Earlier this month, Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) were forced to terminate their merger plans because they were unable to secure an approval from the ...
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Natural Gas Price Flat After Storage Report; Down 7% From Week Ago

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending May 13. Analysts were expecting a ...
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oil train

Meet the New (Almost) Highest Analyst Target for Exxon Mobil

The sharp decline in oil prices since the summer of 2014 was a surprise to many investors and analysts alike, and there has been an incredible fallout within the energy ...
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