Short sellers mostly shaved their positions in oil and gas stocks in the two-week reporting period that ended August 31. Falling crude prices may change their minds again, though.
Short interest in oil and gas stocks generally fell during the two-week reporting period that ended August 14. There was, however, one significant exception.
Credit analysts at Moody's Investors Service see a bumpy road ahead for the oil and gas industry. Every sector, from exploration and production, midstream, refining and oilfield services faces significant challenges.
Monday's top analyst upgrades and downgrades included Alibaba, Applied Materials, Baidu, BP, Brinker, Chevron, Marriott, Nvidia, Teladoc, Tesla and Yelp.
Short interest in oil and gas stocks mostly declined in the two-week reporting period ended July 31. There was one glaring exception, however.
Oil &and gas supermajor BP reported a second-quarter adjusted net loss of $6.7 billion and announced a dividend cut of 50%. Investors have bid the shares up as a result.
Paul Ausick When BP reports second-quarter results Tuesday morning, analysts are expecting a sharp loss and sharply lower revenue. The company has maintained its massive dividend and probably has no choice but to continue…
Paul Ausick Oil and gas giant Shell reported second-quarter results Thursday that included a $22.3 billion noncash, pr-tax impairment charge on the value of its assets.
Short sellers reduced their positions in big oil and gas stocks in the two-week reporting period ending July 15. But prices on the stocks have continued to move lower.
Short interest in oil and gas stocks slipped a bit in the two-week period that ended June 30. Crude prices have been relatively flat for about six weeks.
The oil and gas industry has been hit hard by the COVID-19 pandemic, but many companies have continued to pay their previous dividends. Are they going to be able to continue doing…
UK-based oil major BP has agreed to sell its global petrochemical business to privately held Ineos for $5 billion. This is only the second-largest deal the two companies have done together.
Paul Ausick In the two-week short interest period that ended June 15, oil and gas stocks mostly saw declines in short selling, but share prices fell off a cliff for most.
If investors have learned one thing over time, it is that it can be very painful when a company announces that it is cutting its dividend. 24/7 Wall St. has screened out…
Oil supermajor BP is issuing some $12 billion in new debt as it works to beef up its balance sheet ahead of a second-quarter asset impairment that could go as high as…
Paul Ausick 