News stories about Basic Energy Services (NYSE:BAS) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable.....More>>>
April was another bad month for offshore drilling stocks. Transocean Ltd. (NYSE:RIG), ENSCO Plc. (NYSE:ESV), Diamond Offshore Drilling Inc. (NYSE:DO), Atwood Oceanic Inc.(NYSE:ATW), and Noble Corporation (NYSE:NE) all held up relatively well through the first third of the month, but then start to fall around April 10.
Those declines never really reversed track, with....More>>>
The commodity bear market, especially in oil, ended in 2016. The typical commodity bear market ends when prices collapse so much that production and new investment decline enough to reduce the supply coming on to the market, observes Bob Carlson, editor of Retirement Watch.
That happened in 2016. The outlook for oil and energy prices improved in late 2016 when OPEC and other oil-producing....More>>>
According to a report by Bloomberg, Saudi Arabia wants to push the price of crude up from its current level of $65-$70to near $80 a barrel. The Middle Eastern nation needs that price to boost the valuation of its national oil company, Saudi Aramco, which it plans to take public next year. Hitting its desired sell price would provide the Kingdom with the funds needed to jump-start an investment strategy....More>>>
As a long-term shareholder in ConocoPhillips (NYSE:COP), I wanted to compare them will a leading domestic shale producer – EOG Resources (NYSE:EOG). As you surely are aware, COP had been one of the “Big 3” international integrated oil companies prior to the spin-off of Phillips 66 (NYSE:PSX), a move that unleashed tremendous shareholder value. But now COP is an upstream only company....More>>>
Dr. Kent Moors
As I write this (Tuesday, April 10), oil prices are billowing higher.
Both West Texas Intermediate (WTI) and Brent are rising sharply, each up 1.9% for the day before the market even opened.
That means WTI has jumped 4.1% in less than two trading sessions, while Brent has improved by 4.3% over the same brief period.
Now, I do expect that there....More>>>
March 9, 2017: The S&P 500 closed barely higher on the day up 0.08% and 1.89 points at 2,364.87. Separately the DJIA closed higher 0.01% on the day at 20,858.19, up approximately 2.46 points. Overall this was brought about by another strong performance by the healthcare sector, namely drug manufacturers. Although we saw crude oil make a massive drop on Wednesday, which continued Thursday, it....More>>>
After four-straight weeks of selling, oil futures started on a down note Monday amid fresh supply worries.
On Friday, data indicated that U.S. oil operators added six more active oil rigs the past week, marking a 22nd-straight increase. Overabundance of oil has suppressed prices for nearly three years. Even though major producers in the Organization of the Petroleum Exporting Countries and....More>>>
Venezuela is a “Potemkin Economy,” meaning that it depends almost entirely on one industry to keep its Economic Ecosystem alive. The same goes for Russia, a nation that struggles since the energy crisis shocked the World. Two months right after oil and gas prices plummeted, sanctions were imposed, a situation that reduced Russia’s survival ratio even more. But in the end,....More>>>
Prabhudas Lilladher’s research report on Dabur India
Dabur has shown 7.7% domestic volume growth on a low base led by market share gains in most segments. Dabur is aiming for 8-10% volume growth in 1H19 which can increase to double digit in 2H19 depending upon monsoons. Gross margins are unlikely to expand, however better profitability in IBD and operating leverage in domestic business....More>>>
Oil prices took a turn lower on Friday on worries over record U.S. oil production, and after a major energy watchdog predicted shale producers would help drive production to levels not seen since the 1970s.
February West Texas Intermediate oil
I’ve created a simulation of past and future oil production in the Bakken in the form of a virtual oil field.
(image source:Illinois DNR)
In this simulation, I created a number of virtual oil wells for each week, over time, based on Baker Hughes Rig Count data.Top Oil Stocks To Own Right Now: Range Resources Corporation(RRC)
Gold doesn't trade in a vacuum. Markets are connected. What happens in one often affects others. So if you want to understand what's happening with gold, you need to know what's going on in the markets that affect gold. And while lots of traders focus only on the short term, it's important to have a big-picture view, too. The big picture shows you the long-term....More>>>
Oil prices steadied on Thursday, on the heels of a 2% plunge that came after data showed U.S. oil production hit a new weekly record.
The stabilization in crude prices came as a sense of calm appeared to be returning to global equity markets. The resignation of top White House economic adviser Gary Cohn late Tuesday fueled concerns about a trade war and spiked a selloff for perceived riskier....More>>>
Eni (E) is an Italian multinational oil and gas company headquartered in Rome. With a $60 billion market cap, Eni is considered one of the global oil and gas super majors. Despite being a super major, Eni has had a difficult time since the start of the oil crash. However, the company’s impressive assets compared with the company’s respectable dividend yield make the company, as we will....More>>>