Approximately 45.5% of the analysts surveying Anadarko Petroleum rated it as a “buy,” ~30.3% rated it as a “strong buy,” and 21.2% rated it as a “hold.”
On December 8, 2017, Anadarko Petroleum’s (APC) implied volatility was ~25.8%—7% lower than its 15-day average of ~27.8%.
Anadarko Petroleum stock has been mirroring crude oil prices, although its returns have been lower than crude oil since the beginning of the year.
On December 8, the short interest as a percentage of float, or the short interest ratio, for Chesapeake Energy (CHK) stock was ~18.6%.
About 65.5% of the Wall Street analysts surveying Chesapeake Energy (CHK) rated it as a “hold,” while ~10.3% rated it as a “buy.”
The current implied volatility for Chesapeake Energy stock (CHK) is ~50%, which is 0.57% lower than its 15-day average of ~50.2%.
Chesapeake Energy (CHK) took a hit last week. It fell 10% in the week ending December 8—compared to the previous week ending December 1.
On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
On December 4–11, 2017, the premium fell and oil prices rose. The supply disruption in the North Sea could have supported US crude oil prices.
In the week ending December 1, 2017, US crude oil inventories fell by 5.6 MMbbls (million barrels) to 448.1 MMbbls.
On November 24, 2017, US crude oil settled at the highest closing price in 2017. The oil rig count could be at a three-year high by May 2018.
On December 11, US crude oil January 2018 futures rose 1.1%. The 2% rise in Brent crude oil prices could have supported the gain in US crude oil prices.
A Reuters poll estimated that WTI crude oil (USL) prices could average $54.78 per barrel in 2018 after extending the production cuts.
Reuters estimated that Iraq’s crude oil production fell by 50,000 bpd (barrels per day) to 4,330,000 bpd in November 2017—compared to the previous month.
Weekly US crude oil production hit 9,707,000 bpd for the week ending December 1, 2017—the highest level ever.
US crude oil (UCO) (USL) futures contracts for January delivery rose 0.7% and were trading at $58.4 per barrel at 1:02 AM EST on December 12, 2017.
US crude (UWT) (SCO) oil futures contracts for January delivery rose 1.1% to $57.99 per barrel on December 11, 2017.
On December 11–December 15, 2017, the EIA’s (U.S. Energy Information Administration) STEO data could be key to oil (BNO) (OIIL) prices.
On December 1–8, 2017, the United States Natural Gas Fund (UNG), which holds near-month natural gas futures contracts, fell 9.3%.
On December 1–8, 2017, the United States Oil Fund (USO), which holds crude US oil futures contracts, fell 1.5%. US crude oil January 2018 futures fell 1.7%.