W&T Offshore (WTI) announced its 2Q17 earnings on August 3, 2017, after the market closed. It reported a better-than-expected profit of ~$31.0 million in 2Q17.
So far in September 2017, W&T Offshore (WTI) stock has risen from $1.91 at the end of August to $2.57 as of September 19, 2017, a ~35.0% rise.
On September 18, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~22%. In January, the short interest ratio was ~12%.
Around 65.5% of Wall Street analysts covering Chesapeake Energy (CHK) have rated it as a “hold.” The stock’s average broker target price is $4.81.
Chesapeake Energy’s current implied volatility is ~47%—13% lower than the 15-day average. It should close between $3.79 and $4.31 in the next seven days.
Chesapeake Energy (CHK) stock saw upward movement last week. The stock rose ~12% in the week ending September 18, 2017.
China’s General Administration of Customs estimates that China’s crude oil imports fell by 180,000 bpd to 8 MMbpd in August 2017—compared to July 2017.
The EIA estimates that global crude oil supply outages rose by 209,000 bpd to 1.9 MMbpd in August 2017—compared to July 2017.
On September 19, 2017, Iraq’s oil minister indicated that major producers’ output cut deal would be extended beyond March 2018.
The EIA estimates that weekly US gasoline demand rose by 456,000 bpd (barrels per day) to 9.6 MMbpd (million barrels per day) on September 1–8, 2017.
November US crude oil (UWT) (DWT) (USO) futures contracts rose 0.8% to $50.3 per barrel in electronic trading at 2:10 AM EST on September 20, 2017.
November WTI (West Texas Intermediate) crude oil (USO) (UCO) futures contracts fell 0.9% and closed at $49.9 per barrel on September 19, 2017.
The energy sector, as tracked by the Energy Select Sector SPDR Fund (XLE), has lost ~17.0% year-to-date as of August 31.
There are three primary coal-producing regions in the United States: the Powder River Basin (or PRB), the Illinois Basin, and Appalachia.
According to the EIA estimates, US coal production was at 15.7 million short tons during the week ended September 9, 2017.
On September 15, Brent crude oil prices closed at $55.62 per barrel as compared to the closing price of $53.78 per barrel in the previous week.
For the week ended September 15, the Henry Hub benchmark natural gas prices came in at $3.04 per MMBtu (million British thermal units).
In the week ended September 8, 2017, natural gas inventory came in at 3,311 Bcf (billion cubic feet), higher than the 3,220 Bcf one week earlier.
Between September 11 and September 18, 2017, natural gas–weighted stocks rose 7.9% compared to the 6.6% increase in natural gas October futures.
The natural gas–weighted stocks that had the highest correlations with US crude oil (UCO) active futures between September 11 and September 18, 2017, include WPX Energy (WPX), Antero Resources (AR), and Rice Energy (RICE).