Why This Tiny Drop in the Rig Count May Bring at Least Some Concern
Baker Hughes released its weekly oil rig count late on Friday, and we have already started seeing some breaks in the growth of the number of rigs.
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Broken Pipe May Drive Gas to $3
A recently discovered leak in a crucial pipeline that carries gasoline to the east coast has resulted in the closure of that pipeline.
Oil May Be Headed to $60 in 2017: 4 Large Cap Dividend Stocks to Buy Now
RBC also thinks oil bottoms late this year and starts a gradual move toward the $60 level in 2017. The best way for investors to play energy remains the large cap, dividend-paying integrateds.
High-Yield Bond Defaults Trending Higher in September
The trailing 12-month default rate on U.S. high-yield bonds slipped from 5.1% at the end of July to 4.9% in August.
Crude Price Cuts Losses on Small Inventory Drawdown
U.S. commercial crude inventories decreased by 600,000 barrels last week but remain at historically high levels for this time of year, according to the EIA.
Freeport-McMoRan, Anadarko in $2 Billion Offshore Deal
Freeport-McMoRan has announced that its oil and gas subsidiary has agreed to sell its deepwater Gulf of Mexico assets to Anadarko Petroleum for $2 billion.
Are Short Sellers Losing Interest Solar Energy Stocks?
Solar stocks are seeing a pullback in short interest after significant share price drops in mid-August. The drop has tapered off and short interest is waning in the stocks.
Short Sellers Decrease Bets in Major Oil
The August 31 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed but largely down.
IEA Chops Oil Demand Forecast
The International Energy Agency chopped its forecast for oil demand in its September report.
Is Onshore Drilling for Oil & Gas Set for a Big Comeback?
According to last week’s rig count summary from Baker Hughes, there were 502 rigs drilling for oil and gas in the United States last week, down 40% from the 848 active rigs a year…
Why Williams, Enterprise Deal May Not Be Dead Yet
An activist investor has sent an open letter to the three newly added board members of Williams Companies encouraging them to be more open to offers for a merger, including a recent one from…
Midwestern Gas Prices Fell Most Last Week
The national average price for a gallon of regular gasoline fell more than two cents in the past week, and they have dropped below $2 a gallon in five states.
4 MLPs to Buy on Stifel’s Income List With Yields Up to 11.5%
One good path for income investors is to think energy master limited partnerships, as much of the bad news and lower oil and natural gas pricing has long since been factored in.
JPMorgan Is Playing Oil Safe With 3 Dividend-Paying Integrateds
Needless to say, investors are rattled, and the selling we saw last week may continue. Any major dip in these three top stocks should be viewed as a golden opportunity for investors with a…
OPEC Market Report Crushes Hopes for a Production Freeze
In its Monthly Oil Market Report for August, released Monday morning, OPEC noted that its price for its reference basket rose by less than 1%.