Short Sellers Can’t Make Up Their Minds on Major Oil
The July 14 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
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Short Sellers Lose Interest in Solar Stocks, Gain Interest in Alternative Fuels
Short interest in solar stocks continued to decline in the reporting period that ended July 14. But short sellers remained interested in alternative fuel stocks.
UBS Has 5 Most Preferred Energy MLPs With Big Upside Potential
Energy is the only sector that was down in the first half of 2017, so the value is enticing. The question is where to put investment chips now?
Gasoline Prices Climbing, but Price Spike Unlikely to Be Sustained
Gasoline prices are rising along with summer temperatures, as the price of fuel rose two cents per gallon Monday, according to gas-price website GasBuddy.
Saudi Arabia Takes Brunt of New OPEC Restrictions
Saudi Arabia has agreed to limit its exports of crude oil and Nigeria has agreed to cap its production at current levels in an effort to raise crude oil prices. The agreements were announced…
How Halliburton Beat Estimates (Hint: US Production Is Rising)
Oilfield services provider Halliburton beat estimates for both profits and revenues this morning. North American well completions were primarily responsible for the company's strong quarter.
Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher
The US onshore oil rig count dropped by one this week according to the weekly report from Baker Hughes. A sharp projected increase in OPEC production reported earlier this morning is keeping a lid…
Why Energy Producer Encana’s Stock Has Leaped Higher After Earnings
Encana smashed Q2 profit and revenue estimates this morning and has raised guidance on production in its core regions.
Why Schlumberger Q2 Earnings Are Good News
Oilfield services firm Schlumberger reported Q2 results this morning that beat estimates on both profits and revenues. The company's CEO sees "robust" activity in North America and a pick-up in international business.
Natural Gas Price Ticks Down Following Storage Report
Natural gas prices dipped slightly following the EIA's report that just 28 billion cubic feet were added to US storage last week. US stockpiles remain about 5% above the five-year average for this time…
U.S. Gas Prices Could Top 2017 High by End of Summer
AAA forecast this morning that US gasoline prices could rise to a year-to-date high above $2.42 a gallon by the end of the summer, with a big jump possible within the next week.
Kinder Morgan Reverses Course, Plans 25% Dividend Hikes Annually to 2020
Pipeline company Kinder Morgan reported Q2 results last night that matched expectations, but the stock got a boost from the company's plan to boost its dividend sharply over the next three years.
Crude Oil Price Hops Higher on Big Inventory Drop
US crude oil stockpiles fell by 4.7 million barrels last week and gasoline inventories dropped by 4.4 million barrels. This may not be altogether good news for producers.
BP Pipeline Spin-off Aimed at Increased Cash Flow
British oil giant BP is considering a plan to hive off its US pipelines in a master limited partnership (MLP). The company said it would make a decision by the end of the year.
Electricity Jolts Worldwide Energy Investments in 2016 That Totaled $1.7 Trillion
US investment in energy efficiency is estimated to account for up to $115 billion of total global investment of $1.7 trillion last year. That's good, but we have to do better.