RECENT Energy and Power RESEARCH
So far in 2H17, W&T Offshore (WTI) stock price rose from $1.96 at the end of June 2017 to $3.15 as of November 16 – a very strong rise of ~61%.
Nabors Industries (NBR) is one of the largest land-based drilling operators in the world. It had a weak run in the stock market in 2017.
Investors’ quest for safe-haven stocks resulted in a modest rally in US utilities this year. XLU has risen more than 15% YTD.
On November 16, 2017, US crude oil (USO) (USL) January futures fell 0.3% and closed at $55.35 per barrel.
Seadrill Partners (SDLP) is scheduled to release its 3Q17 results on Tuesday, November 21, 2017. In the last three months, SDLP stock has risen 41%.
December US natural gas (UNG) (UGAZ) futures contracts trading in NYMEX rose 0.97% and settled at $3.05 per MMBtu on November 16, 2017.
On November 15, natural gas December futures fell 0.7% and closed at $3.10 per MMBtu. Natural gas prices were weak despite the cooler weather forecast.
Stanley Black & Decker (SWK) is set to pay its 4Q17 dividend of $0.63 per share on December 19, 2017.
In this series, we’ll evaluate Valero Energy’s (VLO) current position, in terms of its financial and market performance, to determine its outlook for 4Q17.
For the week of November 13–17, 2017, unleaded gasoline (UGA) prices are leading the fall in energy commodities. The prices fell from last week’s close.
December WTI (West Texas Intermediate) crude oil (DWT) (USL) futures contracts fell 0.6% to $55.33 per barrel on November 15, 2017.
The EIA issued its natural gas inventory report on November 9, 2017. Natural gas inventory was 3,790 Bcf which is 0.4% more than 3,775 Bcf for the week ended October 27, 2017.
Whiting Petroleum (WLL) stock fell 1.1% in the week ended November 10. On November 8, Whiting announced a one-for-four reverse stock split.
In this series, we’ll take a look at institutional investors’ utility holdings in 3Q17.
Refining stocks like Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have posted strong performances in 3Q17.
So far this week (starting November 13, 2017), natural gas (UNG) (BOIL) prices are leading a decline in energy commodities.
On November 14, 2017, US crude oil (USO) (OIIL) December futures fell 1.9% and closed at $55.7 per barrel.
On November 13, 2017, Patterson-UTI Energy (PTEN) was trading at $20.58. It has fallen ~24% since the beginning of 2017.
US crude oil (USO) (USL) futures contracts for December delivery fell 1.8% to $55.70 per barrel on November 14, 2017.
Vivint Solar posted $75.1 million in revenues in 3Q17, up by 82% on a YoY (year-over-year) basis.