oil and gas

SunTrust Has Contrarian Energy Calls for a Nervous and Expensive Market

Posted: June 13, 2019 at 6:40 am

When you combine a fully valued stock market, with an inverted yield curve, and then toss in a big serving of trade issues, topped off by slowing market volume as ...
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Short Sellers Don’t Believe Low Crude Prices Will Last

Posted: June 12, 2019 at 8:35 am

Crude oil traded at around $52 a barrel early Wednesday. Over the past month, the price of West Texas Intermediate (WTI) crude for July delivery has dropped from a high ...
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Can OPEC and Russia Combined Stop Falling Oil Prices?

Posted: June 6, 2019 at 12:05 pm

Monitoring the price of oil in a macroeconomic situation with volatile financial markets can get a bit tricky. Now that oil officially has entered into a bear market by falling ...
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Stifel Says Energy Stocks Are Historically Cheap With Huge Upside Potential

Posted: May 31, 2019 at 6:40 am

After plunging into the low $40s per barrel late last year, oil prices had rallied sharply, but recently West Texas Intermediate crude has slid back under the $60 level. While ...
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Short Sellers Double Their Positions in One Energy Stock

Posted: May 28, 2019 at 8:15 am

Crude oil traded at around $59 a barrel early Tuesday. Over the past month, the price of West Texas Intermediate (WTI) crude for July delivery has dropped from around $64 ...
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Oil Producers Have Finally Found a Way to Appear Environmentally Friendly — and It Doesn’t Cost Them a Thing

Posted: May 24, 2019 at 11:24 am

At its annual general meeting in Aberdeen, Scotland, this week, just over 99% of BP PLC (NYSE: BP) shareholders approved a binding resolution proposed by investor group Climate Action 100+ ...
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Electric Cars, Buses Are Slowly Taking Over the Transportation Market

Posted: May 15, 2019 at 8:00 am

It may be difficult to visualize, but sales of passenger electric vehicles (EVs), like cars, sport utility vehicles and crossovers, have doubled in just two years. Between 2016 and 2017, ...
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With Oil Still Over $60 and Summer Coming, Top Energy Stocks Are a Steal Now

Posted: May 14, 2019 at 8:05 am

The week that ended last Friday saw the worst flows from energy funds since the middle of December, which then was the worst since 2014. Despite some rumblings that Russia ...
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M&A Targets Abound in Energy Sector

Posted: May 10, 2019 at 2:14 pm

Chevron Corp. (NYSE: CVX) just pocketed some $9 billion—more than $8 billion it didn't spend to acquire Anadarko plus $1 billion in a breakup, probably paid by Occidental, which outbid ...
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Why Short Sellers Jumped on 2 Energy Stocks

Posted: May 10, 2019 at 8:10 am

Crude oil traded at around $61.98 a barrel early Friday. Over the past month, the price of West Texas Intermediate (WTI) crude has dipped from about $64 to around $62 ...
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Why Chevron Let Anadarko Get Away

Posted: May 9, 2019 at 1:10 pm

In an announcement that should have surprised no one, Chevron Corp. (NYSE: CVX) said Thursday it would not counter a proposal from Occidental Petroleum Corp. (NYSE: OXY) to acquire Anadarko ...
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Chesapeake’s Large Q1 Loss Isn’t All Bad News

Posted: May 8, 2019 at 10:55 am

Chesapeake Energy Corp. (NYSE: CHK) remains in turnaround mode after the Aubrey McClendon years. Despite having tried to move to more of a mix of oil and gas, Chesapeake reported ...
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$9 Billion Pipeline Merger All in the Family

Posted: May 8, 2019 at 8:20 am

Two mid-size energy master limited partnerships (MLPs) announced a definitive merger agreement Wednesday morning. MPLX L.P. (NYSE: MPLX) will acquire Andeavor Logistics L.P. (NYSE: ANDX) in an all-equity transaction valued ...
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Why Chevron Could Be Eyeing These 4 Companies After Losing Anadarko Bid

Posted: May 8, 2019 at 7:15 am

It’s all but a given now that Anadarko Petroleum Corp. (NYSE: APC) will accept the takeout offer from Occidental Petroleum Corp. (NYSE: OXY) and with good reason. The cash portion ...
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EIA Raises Expectations for Crude Oil Prices and US Crude Production

Posted: May 7, 2019 at 12:55 pm

In classical microeconomic theory, as supply goes up the price is supposed to come down. Things often get a lot more complicated in the real world, where macroeconomic shifts have ...
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