Baker Hughes, an oil services company, reported that rigs targeting natural gas fell from 434 to 428 for the week ending February 1. As seen in the chart below, last…
Smaller than expected reduction in natural gas inventories is bearish indicator for natural gas producers and certain energy ETFs.
Higher corporate credit yields means more expensive borrowing rates for companies, therefore higher yields are generally negative for companies, especially those with high funding needs.
Crude oil prices are a major driver of the valuation of energy stocks and therefore energy ETFs as higher crude oil prices result in higher revenues and valuation for oil producers.
Natural gas rigs have continued to drop, however, to date there has not been a meaningful reduction in supply leaving prices near historic lows.
Natural gas prices reached historical lows in 2Q12 at roughly ~$2.00/mmbtu (or millions of British thermal units) as can be seen in the graph above. Primarily, the price drop was…
Iraq’s potential for oil production must be approached with caution.
Every week, the Energy Information Administration (EIA) releases data on how much natural gas is stored in various facilities across the US. These figures, also called “natural gas inventories”, can…
The United States is the largest importer of oil in the world, accounting for about 15% of global transactions in 2009 according to the CIA factbook.
Produces fuel-grade ethanol and corn oil, provides grain handling and storage and commodity marketing and distribution services
Engages in the acquisition, exploitation, exploration, development and production of oil & natural gas assets
Acquires and develops oil and gas properties
Explores for and produces crude oil and natural gas
Provides seaborne transportation of crude oil and other petroleum products
Engages in international marine transportation of crude oil
Owns and operates double hull crude oil tankers and Suezmax tankers
Engages in the acquisition and development of unconventional oil resources
Engages in production of commercial silica
Engages in the acquisition, development and production of crude oil, natural gas and natural gas liquids
Explores and develops onshore oil and associated liquids