Statoil Acquires Stakes in 2 Total North Sea Projects
Norwegian state-controlled oil company Statoil is paying $1.45 billion to acquire two North Sea projects from French oil supermajor Total.
Energy
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Merrill Lynch Has 4 Top Oil Stocks for 2018 With Oil at 2-Year Highs
These four top energy companies to own for 2018 all have big upside potential to the Merrill Lynch price targets. They make good additions to portfolios that need to initiate or add energy exposure.
Icahn Takes 13.5% Stake in SandRidge, Calls Bonanza Acquisition ‘Nonsensical’
Activist investor Carl Icahn has acquired a 13.5% stake in oil driller SandRidge Energy and says he opposes the company's announced $746 million acquisition of Bonanza Creek Energy.
Natural Gas Price Steady Following In-Line Storage Withdrawal
The U.S. natural gas stockpile fell by 46 billion cubic feet last week as cooler weather settles in and Americans turn on their furnaces. The drawdown was slightly below expectations.
Crude Oil Price Dips Slightly on Lower Inventory, but Higher Exports
The U.S. crude oil inventory fell by 1.9 million barrels last week, but crude oil exports averaged an increase of more than 460,000 barrels a day.
Vine Resources Gears Up for IPO
Vine Resources filed an amended S-1 form with the SEC in regards to its IPO. The company intends to list its shares on the NYSE under the symbol VRI.
Oilfield Services Spending Poised to Jump: 3 Top Stocks for 2018
3 top oilfield services companies to buy that offer investors outstanding upside potential to Merrill Lynch price targets: HAL, NBR, PTEN.
Thanksgiving Holiday Gasoline Prices at Multi-Year High
Thanksgiving holiday motorists can expect to about 40 cents a gallon more for gas this week than they paid at the same time last year. Prices eased a couple of pennies in the last…
4 Merrill Lynch Top Idea Energy Stocks to Buy for 2018
Despite a huge rally off the summer lows, sentiment for the energy sector still remains very weak, and oil prices have been in one of the most volatile periods in the last ten years.…
Gas Prices in Some States Surge Toward $3
Gas prices usually move in tandem with the price of oil. True to form, as crude has jumped from below $50 a barrel in early October to over $57, the price of gas has…
Why Does the IEA Always Underestimate Solar Energy’s Rapid Growth?
The installation of new solar photovoltaic panels has far outstripped the International Energy Agency's long-term projections, but the agency continues to underestimate solar's growth.
US Oil Rig Count Steady, Crude Price Slips Less Than 1% for the Week
There was no change to the U.S. count of land-based oil rigs this week. The count of rigs drilling for natural gas rose by eight, however, helping keep a lid on prices.
Analysts Say Stay Long the Permian Basin: 3 Top Picks for 2018
After a huge run off the lows, oil has taken a hit, and for the first time in almost six months investors have an opportunity to grab some of the top companies in the…
Natural Gas Price Ticks Higher on Storage Withdrawal
The U.S. domestic natural gas supply dipped by 18 billion cubic feet last week, slightly above expectations. Prices moved just a shade higher after the report.
Oil Down 5% in a Week: Buy These 4 Mega Cap Stocks on the Dip
It makes sense for investors to add to or initiate positions in the major integrated oil companies that offer long-term stability and consistent dividends. These four are rated Buy at Merrill Lynch and make…