ProPetro Closes in on IPO
ProPetro expects to price 20 million shares in the range of $16 to $19 per share for an initial public offering valued up to $437 million.
Energy
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Crude Oil Prices Hold Gains After Inventory Report
The U.S. Energy Information Administration reported a drop of around half a million barrels in the country's crude oil inventories. Prices showed little change and held on to a gain of about 2%.
What Canaccord Genuity Likes About Marathon Oil’s Recent Transactions
Analysts at Canaccord Genuity took a look at Marathon Oil's recent sale of its oil sands assets and purchase of acreage in the Permian Basin. They mostly liked what they saw.
OPEC Reports 2% Rise in Crude Prices Last Month; Saudi Production Rises Too
Saudi Arabia's crude oil production rose above 10 million barrels a day again in February and U.S. production is rising as well. Analysts and traders are becoming cautious on projecting a rebalancing in world…
Credit Suisse Shows Why Occidental’s Permian Assets Will Help Fend Off Lower Oil Prices
While oil has fallen handily in the past week, an interesting analyst call on Occidental Petroleum signals that the oil giant might be a safe way to fend off lower oil prices.
SunTrust Has 4 Energy Stocks to Buy After Huge Oil Sell-Off
SunTrust Robinson Humphrey has focused on four top oil exploration and production companies that it feels can weather the current environment.
Oil Price Plunge Leads to Falling Gas Prices
In a rare move for this time of year, gasoline prices fell by about two cents a gallon week over week. The average U.S. price for a gallon of regular gas is $2.29.
Exxon Mobil Down Nearly 10% in 2017 Is DJIA’s Worst Performing Stock
Exxon Mobil continues its reign as the worst-performing DJIA stock of 2017. The company last week announced the acquisition of a $2.8 billion stake in a massive natural gas project in Mozambique.
Oil Rig Count Rises by 8, Hedge Funds Now Wary of Massive Long Positions
The U.S. onshore rig count rose by 12 last week, with seven rigs added to drill for oil and five to drill for natural gas. Hedge funds have begun backing off record long positions…
2016 US Solar Installation Doubles Prior Year Total
The U.S. solar market installed nearly twice as much new generating capacity in 206 as it did in 2015. California and Utah led all states in new solar installations.
Short Interest Turns Higher on Solar, Alternative Energy Stocks
Short interest is moving higher on solar and alternative fuel stocks. This may be due partly to uncertainty about the future of the industry under the new administration.
With Oil at $50 a Barrel, Is the Keystone XL Pipeline Even Necessary?
If the energy giants can't make a profit in the oil sands, why do TransCanada, the Canadian government and the Trump administration want to revisit former President Obama's decision to kill the Keystone XL…
Natural Gas Price Bounces Following Inventory Report
U.S. natural gas inventories declined by a slightly larger-than-expected amount last week. With colder weather ahead, demand should prop up prices for the week ahead.
Crude Oil Prices Remain Lower After Massive Inventory Addition
The United States added more than 8 million barrels of crude oil to commercial inventories last week, while gasoline and distillate inventories dropped by more than 9 million barrels combined.
SunTrust Says Now Is the Time to Buy the Oilfield Services Sell-Off
SunTrust Robinson Humphrey feels that the demand trends for the top oilfield services companies remain solid and investors should advantage of the current weakness and buy the dip.