Sometimes there are forces that affect a sector or industry in such a way that it creates a storyline that extends into not merely weeks, or months, but years. These can be positive or negative, but one of the things that I find interesting as an analyst is to look for those threads and try […]
Read More(Bloomberg) — Oil and gas producer Occidental Petroleum Corp.’s move to hedge its output has been a roller coaster over the past two years. Occidental, one of the Permian Basin’s biggest producers, lost an estimated $339 million from its oil and gas hedges this year through Sept. 30, the latest quarterly filing showed. That includes […]
Read MoreBuy Price: $45.00 or better Sell Price: TradersPro Sell Signal Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude […]
Read MoreThe impact of the global pandemic sometimes seems to have no end in sight – even though economic activity has been picking up enough this year to start raising a lot of questions about inflationary pressures, their impact on interest rates, and more. One of the sectors that has rallied strongly since November of last […]
Read MoreNearly 60% of S&P 500 companies have reported third-quarter 2021 earnings, and the energy sector has again emerged as a standout performer. According to the latest FactSet data, the Energy sector is reporting the second-largest positive (aggregate) difference between actual earnings and estimated earnings (+15.9%), behind only the Financial sector. Within this sector, Phillips 66 […]
Read MorePermian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. PBT $8.4300 0.3000 % 3.6900 Permian Basin Royalty Trust Sector : Oils-Energy Industry : Oil – US Royalty Trusts Signal Short Term Trend Long Term Trend BUY UP UP Day: 3.69% Wk: 1.37% Mo: […]
Read MoreCallon Petroleum Company (CPE) Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. Cassava Sciences, Inc. (SAVA) Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases. Its lead therapeutic product candidate […]
Read MoreOver the last few months, the Energy sector has been one of the market leaders, as the price of oil, natural gas and other energy products have all increased. Many analysts are pointing to supply constraints that are being felt in multiple sectors and that are creating inflationary pressure all the way to the consumer […]
Read MoreIn the mind of many a news consumer, oil is on its way out. So is coal. So is gas, although that one might stick around for a little longer. We are, after all, moving into a new era of clean energy, and while it will take us some time to get there, it’s our […]
Read MoreEven after hitting the highest levels in several years in recent days, oil prices have further room to rise this winter. At least short-term market fundamentals suggest so, analysts say. Inventories around the world have fallen to below the pre-pandemic five-year average as stocks are depleting, with demand bouncing back amid a weaker supply response […]
Read MoreOil price gains provide opportunities for investors. West Texas Intermediate crude oil prices recently surpassed $80 per barrel for the first time since 2014. A classic supply and demand imbalance has triggered surging energy prices around the world. As economies open back up to full capacity, energy demand is rebounding, while supply in China and […]
Read MoreSuperior Drilling Products, Inc. SPDI a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an […]
Read MoreWith oil well above $50 a barrel, Chevron should be able to sustain its dividend. Kyle Grillot/Bloomberg Inflation is proving to be more enduring than passing, leaving investors on the hunt for reliable sources of income. Bonds are hardly the place to be. Even former bond king Bill Gross this past week called bonds “garbage,” […]
Read MoreOil prices appear to have found much-needed support and holding above the psychologically important level of $80/barrel just days after a surprise crude build threatened to derail the bull camp. On Tuesday, the American Petroleum Institute (API) reported another week of large crude oil inventory build at 5.213 million barrels for the week ending October […]
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