Why Halliburton Posted Smaller-Than-Expected Loss
Halliburton's full-year loss was slightly smaller than expected, and company's focus in 2017 will be on total returns. Analysts expect a solid gain in the first quarter as rig counts rise.
Energy
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Oil Rig Count Soars by Most in 5 Years, Hedge Funds Stay Long
There were a total of 694 working oil and gas drilling rigs in the United States at the end of the week, up by 35 week over week and up by 57 year over…
Schlumberger Q4 Earnings Flat, Revenues Slide, Hope Abounds
Oil field services firm Schlumberger shows some signs of life after two years of pain. Revenues rose sequentially and the company is optimistic about rebalancing in the oil market and further investments in North…
Crude Oil Price Staggers After Larger-Than-Expected Increase in Inventories
Crude oil inventory rises by about 2 million barrels, pushing prices down by about 2% for February crude. Gasoline stockpiles rose by 6 million barrels even as refiners operated at a lower rate for…
Natural Gas Price Dips on Larger-Than-Expected Inventory Decline
Natural gas prices are expected to remain depressed as the most recent forecasts for the last two weeks of January have turned warmer than previously expected, dampening expected demand for heating fuel.
Why Credit Suisse Remains So Positive on Kinder Morgan
Credit Suisse registers confident tone on Kinder Morgan following a so-so quarterly report from the energy pipeline company on Wednesday.
Crude Oil Price Strengthens After IEA Reports Much Lower December Production
IEA reports global oil production in December fell by 600,000 barrels a day. Increased production by non-OPEC countries is expected to add 385,000 barrels a day to 2017 production.
Kinder Morgan Treading Water as Revenues Dip, Investors Losing Patience
Kinder Morgan posts Q4 profit, but misses estimates on earnings and revenues. Decline in distributable cash flow continues through 2017, and investors are pulling out in after-hours trading.
OPEC Reports 20% Jump in Crude Prices in December
Crude oil production dropped by 221,000 barrels a day among OPEC producers, according to the cartel's December oil market report.
Stifel Has 5 Top Large Cap Energy Stocks to Buy for 2017
These five Stifel large cap energy stock picks look to be good additions to long-term growth portfolios, even though they have had big runs since posting lows a year ago.
Morgan Stanley ‘Cautious’ on Clean Energy Sector
While the November election of Donald Trump brought a smile to the fossil fuel industry, the reaction in the renewables energy sector was more subdued.
Noble Energy Acquires 171,000 Permian Basin Acres in Clayton Williams Deal
Noble Energy to acquire Clayton Williams Energy in a cash-and-stock deal worth more than $3 billion, including debt. Noble more than doubles its acreage in the Permian Basin of west Texas.
Jefferies Positive on Energy for 2017: 3 Large Cap Dividend Stocks to Buy Now
These Jefferies picks make sense for investors as they all have solid upside potential and outstanding core business silos, and they all pay a dividend.
Big Acquisition Doubles Exxon Mobil’s Permian Basin Oil Assets
If there is one area of the United States that continues to enchant and enthrall energy investors and operators alike, it would have to be the Permian Basis.
Average Weekly Gas Prices Drops First Time Since November
Over the period which started eight weeks ago, the price of a gallon of regular gas has marched higher each week. Last week broke the trend According to the AAA For the first time…