Top Energy Stock Returns to Jefferies Franchise Picks List After Massive Deal
Here cover the new addition to the Jefferies Franchise Picks list, and we also screened the list for the other energy companies that make the grade.
Energy
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Oil Bursts Above $70, Threatens Economy
Oil above $70 affects the price of gas, oil and petrochemical products, making a rapid rise a challenge to an American economy, which is growing less than 2.5%.
US Oil Rig Count Adds 9; Crude Price Doesn’t Blink
The number of U.S. land-based oil rigs rose by nine this week as six new rigs were added in the Permian Basin. Crude oil prices remained higher.
Gas Prices Top $2.50 in All 50 States
Retail gasoline prices now exceed $2.50 a gallon for regular gas in all 50 states. Californians are paying almost $3.62 a gallon while Oklahomans are paying $2.50.
Offshore Energy Investment Needs Trillions to Meet Future Demand: IEA
In a new report on offshore energy production out to 2040, the International Energy Agency estimates capital spending needs to range between $4.6 and $5.9 trillion.
Natural Gas Price Dips After Increase to US Supply
The U.S. supply of natural gas in storage rose by 62 billion cubic feet last week and warmer -- but not hot -- weather is likely to depress demand in the coming week.
5 Stocks to Buy as Record Huge Permian Basin Well Generates Excitement
While many analysts see a Permian Basin production decline coming, if a recent well that hit the jackpot is any indication, that pronouncement may be premature.
Crude Oil Price Wobbles After Huge Addition to Stockpiles
U.S. crude oil stockpiles rose by more than 6 million barrels last week and gasoline stocks rose by more than 1 million likely due to lower export levels of both crude and refined products.
Jefferies Starts Coverage on 4 Top Exploration and Production Stocks
These three exploration and production stocks are not overcrowded and offer good value for investors looking to add energy.
Why Chesapeake Beat Earnings Estimates, Nudged Up Guidance
Chesapeake Energy beat analysts' first-quarter profit estimate but came up short on revenues. The company also paid off a chunk of its still-massive debt and lifted its guidance for full-year adjusted EBITDA.
BP Earnings Clear Analysts’ High Bar
Oil supermajor BP reported better-than-expected revenues and profits for the first quarter of the year. The outlook for the second quarter was somewhat restrained however.
US National Average Gasoline Price Just Short of Multiyear High
For the second consecutive week, retail gasoline prices rose by five cents a gallon and the national average price of a gallon of regular gas rose to $2.81 as of Monday morning.
BP Earnings on Deck: Is That Big Dividend Safe?
When BP reports first-quarter results Tuesday morning, analysts are looking for a sharp improvement in both earnings and revenues. The company looks poised to deliver.
Marathon, Andeavor to Merge, Create Largest US Oil Refiner
Marathon Petroleum and Andeavor have agreed to merger in a deal that will create the largest oil refining firm in the United States with more than 3 million barrels a day of refining capacity.
Why Investors Need to Buy Oil Stocks as Trump Threatens to Leave Iran Deal
With the Iranian nuclear deal unlikely to make it past the summer in many experts' minds, it may make sense to grab more energy stocks now, as Iran oil exports could drop meaningfully with…