RECENT Energy and Power RESEARCH
Since December 9, 2016, Halliburton (HAL) stock has fallen 19% as of December 8, 2017. XLE has fallen 10% since December 9, 2016.
WTI (West Texas Intermediate) crude oil (UWT) (UCO) futures contracts for January delivery rose 1.2% to $57.36 per barrel on December 8, 2017.
Royal Dutch Shell (RDS.A) recently canceled its scrip dividend program, which allowed shareholders to receive cash or shares. Shell’s 4Q17 dividend will be paid in cash.
Whiting Petroleum (WLL) stock has fallen ~52% YTD. In this series, we’ll be looking at various factors that could have affected WLL’s stock fall.
In this series, we’ll look at ConocoPhillips’s (COP) value proposition for its stakeholders. We’ll study COP’s key cash allocation priorities, low-cost reserves, and emphasis on conventional reserves.
On December 7, 2017, US crude oil (USO) (USL) January 2018 futures rose 1.3% and closed at $56.69 per barrel.
An unexpected increase in US natural gas inventories during the withdrawal season pressured natural gas (FCG) (GASL) prices on December 7, 2017.
In the first three days of the week ending December 8, unleaded gasoline prices fell ~4.6%, leading the decline in energy commodities. Heating oil prices have fallen ~4.1% so far this week.
On December 6, natural gas (UNG) January 2018 futures closed at $2.922 per MMBtu (million British thermal units). Natural gas prices rose just 0.3%.
US crude oil (UWT) (DBO) futures for January delivery fell 2.9% to $55.96 per barrel on December 6, 2017. Prices are near a three-week low.
Andeavor (ANDV) reported growth in its gross refining margin of $6.00 per barrel over 3Q16 to $15.10 per barrel in 3Q17. We’ll examine ANDV’s current metrics to determine its outlook for 4Q17.
According to EIA estimates, natural gas inventory for the week ended November 24, 2017, was 3,693 Bcf, which is 0.9% lower than 3,726 Bcf for the previous week.
On December 5, 2017, US crude oil (USO) (USL) January 2018 futures rose 0.3%. The API’s oil inventory data might have supported oil prices on the same day.
Dominion Energy stock has underperformed the broader utilities since the beginning of 2017. It has managed to gain a little more than 9% year-to-date.
WTI (West Texas Intermediate) crude oil futures (UCO) (DWT) contracts for January delivery rose 0.3% to $57.62 per barrel on December 5, 2017.
Year-to-date in 2017, natural gas prices are leading the decline in energy commodities. Crude oil prices bottomed out in June 2017 and have risen ~37.0% since then.
Chesapeake Energy rose last week and closed 4.3% higher in the week ending December 1, 2017—compared to the previous week ending November 24, 2017.
On December 4, 2017, US crude oil (USO) (DBO) January futures fell 1.5% and closed at $57.47 per barrel. Risks from the US could be dominating oil prices.
PPL Corporation (PPL) declared a per share dividend of $.40 per share on November 17, 2017. The ex-dividend date is December 7, 2017, to be paid on January 2, 2018.
Last week, the SPDR S&P 500 (SPX-INDEX) (SPY) rose 1.6%, while the Utilities Select Sector SPDR S&P 500 (XLU) rose ~1% during this period.