Oil Rig Count Slips by 3; Natural Gas Rigs Decline by 6
In the period ended December 23, the number of rigs drilling for oil in the United States totaled 538, according to the Baker Hughes North American Rotary Rig Count.
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Janney Likes SunEdison Update, but Says Risk Still ‘Elevated’
The analysts at Janney have reviewed SunEdison's latest presentation and concluded that "the update should serve to calm liquidity fears, and allow the share price to continue to work higher."
Natural Gas Price Steady on Forecast for Colder Weather
U.S. natural gas stocks decreased by less than expected in the week ending December 18, according to the EIA.
SunEdison Seeks New $650 Million Credit Facility
SunEdison said it has been in talks to obtain a new $650 million credit facility. In premarket trading, the stock is up about 4% on the report.
Is ONEOK Now a Buy?
This year has been a rough one up and down the energy patch, so why is it that Oppenheimer decided to upgrade ONEOK?
Crude Oil Price Pops on Huge Inventory Drop
U.S. commercial crude inventories decreased by almost 6 million barrels last week, according to the EIA.
OPEC Expects $95 Oil in 2040
The last time the price of a barrel of OPEC crude stood at $95 was in the summer of 2014. The next time the price will reach that level is 25 years from now,…
Will Oilfield Services Revive Next Year?
The research team at Rystad Energy said on Tuesday that the downturn in the oilfield services business was the worst since the 1980s.
US Holiday Travelers Set to Save Big on Gasoline
The U.S. average price for a gallon of regular gasoline on Tuesday was $2, about a penny a gallon more than Monday's average.
Credit Suisse Slashes MLP Price Targets: 4 Investment Grade Companies to Buy Now
Should prices start to stabilize in the current trading area, these companies may provide investors some of the best entry points in the past 20 years.
Meet GE’s Largest Onshore Wind Deal Ever
GE announced that it will provide 43 wind turbines and a full services agreement for two new wind projects in eastern France.
If Oil Keeps Falling, 3 Energy Dividend Giants May Be the Only Safe Haven
Oil won't stay this low forever. In the meantime, it just makes sense for investors to stay with the large cap leaders who have survived these market downturns in the past.
2 Mega-Cap Value Plays If Oil Turns Around
We are approaching the absolute break-even point for oil production, if we haven’t done so already. Then a contraction in supply should translate to a reversal in price.
Gas Prices Reach $1.99 for First Time Since 2009
The average national price for a gallon of regular gasoline reached $1.99 for the first time since 2009. The primary engine for the drop is collapsing oil prices which have fallen under $36 a…
Oil Rig Count Jumps by 17 to Send Prices to New Lows
In the period ended December 18, the number of rigs drilling for oil in the United States totaled 541, according to the Baker Hughes North American Rotary Rig Count.