Oil Rig Count Up by 14 Last Week, Hedge Funds Thinking Short Again
In the week ended July 22, the number of rigs drilling for oil in the United States rose to 371, according to the latest Baker Hughes North American Rotary Rig Count.
Energy
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Hot Summer Weather Running Natural Gas Higher: 4 Stocks to Buy Now
With the weather expected to stay hot, especially in Texas and across the Southwest, demand for electricity is big, and many top utilities are using clean-burning natural gas.
Schlumberger Projects ‘Medium-for-Longer’ Crude Oil Market
Schlumberger Ltd. (NYSE: SLB) reported second-quarter 2016 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.23 on revenues of $7.16 billion. In…
Exxon Wins Bidding War for InterOil
To say that Exxon Mobil won a bidding war with Oil Search for the right to acquire InterOil may be something of an overstatement.
What to Expect From Schlumberger, Southwestern Energy Results
After Thursday's closing bell, two energy companies, one a producer and the other a services company, are scheduled to release quarterly results.
Natural Gas Price Up on Hot Weather Forecast, Low Inventory Build
Overall demand for natural gas is expected to be high to very high next week as hot summer temperatures are expected to dominate weather in the Lower 48 states.
Deutsche Bank Has 3 Top Energy Stocks to Buy Into Q2 Earnings Reports
While these smaller companies are more suited for aggressive accounts, they are all well liked on Wall Street and could surprise to the upside when they report earnings.
Kinder Morgan Maintains Dividend, Will Continue to Work on Balance Sheet
Kinder Morgan Inc. (NYSE: KMI) reported second-quarter 2016 results after markets closed Wednesday. The midstream giant posted earnings per Class P share (EPS) of $0.15 per share on revenues of $3.14 billion. In the…
US Ranks Behind China in Energy Efficiency
Among the 23 nations that consume 75% of the world's energy and generate more than 80% of global gross domestic product, the United States ranks eighth, tied with South Korea.
Crude Oil Price Bounces Despite Addition to Gasoline Stockpiles
U.S. commercial crude inventories decreased last week, according to the EIA, but remain at historically high levels for this time of year.
Merrill Lynch Sees Stronger Rig Recovery: 3 Top Buys for Q3
If there is one segment that could be a solid shot for long-term investors it is oilfield services. Merrill Lynch is bullish on these three stocks.
Did Halliburton Earnings Hit Bottom in Q2?
When Halliburton reported second-quarter 2016 results before markets opened Wednesday, it offered up a smaller-than-expected net loss.
What to Expect From Halliburton’s Earnings Report
When oilfield services firm Halliburton reports second-quarter results before markets open Wednesday, analysts are looking for it to post a per-share loss.
RBC Very Positive on 3 Top Large Cap Dividend Oil Stocks
The spot price of oil has recently pulled back, and for investors who have been waiting to add to positions or initiate some energy sector holdings, now may be a very good time to…
Can Kinder Morgan Afford to Raise Its Dividend? Can It Afford Not To?
Crude oil prices improved by more than a third in the second quarter, and that put some extra cash in Kinder Morgan's pocket. What will the company do with it?