Keisha Bandz

Earlier this year, ONEOK (OKE) created a new stand-alone publicly traded company called ONE Gas (OGS), separating its natural gas distribution business into a separate dedicated company. The company believes that by having two separate companies, each of the companies will have a greater focus on its individual strategy, financial strength, and growth potential.

For the full year of 2014, Regency announced growth capex expenditures of $1.2 billion.

On Thursday, May 12, Chesapeake Energy (CHK) disclosed in a regulatory filing that it plans to issue 4.1% of its outstanding equity in exchange for debt.

CVX is headquartered in San Ramon, California. It’s an energy company that engages in oil and gas exploration, production, refining, marketing, and transportation of oil and gas.

U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending October 17. Input levels were 113,000 bpd less than the previous week’s average.

Regency recently acquired a foothold in the Marcellus by buying PVR Partners LP in March this year in a deal worth $5.6 billion, specifically to boost its footprint in the Appalachian Basin.

ONEOK Partners’ (OKS) natural gas liquids segment provides natural gas liquid gathering, fractionation, transportation, marketing, and storage services to its producers.

Natural gas can be stored for an indefinite period of time for later consumption.

High volatilities in prices increase the extrinsic value of storage assets because it creates more opportunities for profitable storage optimization.

PAA’s storage facility falls under its supply and logistics segment, which is primarily a margin based segment, which makes it more volatile.

Magellan Midstream Partners L.P. (MMP), is a master limited partnership (or MLP) that owns and operates a diversified portfolio of energy infrastructure assets.

Year-over-year, NBL stock has risen ~22.7%, while crude oil prices have surged 46.5% in the same period.

Oasis Petroleum (OAS) stock’s current implied volatility is ~ 50.22%, which is ~2.08% higher than its 15-day average of 49.19%.

The current implied volatility in Apache’s stock (APA) is ~37.79%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 17.8%.

Approximately 66.66% of analysts covering Cabot Oil & Gas (COG) recommend “buy,” and 33.33% recommend “hold.”

According to the EIA (U.S. Energy Information Administration), recent growth in US crude oil production has been driven primarily by light, sweet crude oil.

In February, EP Energy (EPE) announced that it had closed the acquisition of Carrizo Oil & Gas’s (CRZO) Eagle Ford assets.

Penn Virginia (PVAC) has the highest forecast capex growth in 2018. The company forecast a capex budget of $340 million in 2018.

In its “Annual Energy Outlook 2018,” the US Energy Information Administration (EIA) has forecast that US tight oil production will mostly increase through early 2040.

After the EQT and Rice Energy merger closes, shareholders of EQT stock will own 65% of the combined company. Rice Energy shareholders will own 35%.

The company with the highest trailing 12-month ROE (return on equity) as of 3Q17 is Carrizo Oil & Gas (CRZO) with an ROE of 52.1%.

According to IHS, the top quintile wells are dominated by EOG Resources (EOG), Marathon Oil (MRO), and ConocoPhillips (COP).

In the latest US rig count report released by Baker Hughes (BHI), the number of active US rigs drilling for oil rose by two to 751 in the week ended December 8, 2017.

In its November Short-Term Energy Outlook (or STEO) report, the EIA forecast that US crude oil production in 2017 would average 9.2 million barrels per day.

According to a report released by IHS Markit, Permian investments are expected to increase from $8 billion in 2016 to more than $41 billion in 2021.

Whiting Petroleum’s (WLL) forward EV-to-EBITDA multiple of ~5.4x is mostly in line with the peer average of 5.5x.

Chesapeake Energy’s (CHK) implied volatility as of October 30, 2017, was ~58%—9% higher than its 15-day average of ~53%.

Chesapeake Energy stock (CHK) has fallen for most of this year. It picked up slightly in April but wasn’t able to hold those levels.

The Midland and Delaware Basins, which are sub-basins of the Permian Basin, had the lowest break-even prices.

On August 3, 2017, Chesapeake Energy (CHK) reported its 2Q17 earnings. The company reported revenue of ~$2.3 billion—in line with analysts’ estimates.

Approximately 83.0% of analysts have rated Anadarko Petroleum (APC) a “buy.” The average broker target price is $81.52.

Approximately 53% of the analysts rate Noble Energy (NBL) as a “buy” and 32.3% rate it as a “hold.” The average broker target price is $47.47.

On April 19, Cabot Oil and Gas’s short interest as a percentage of its float was ~4.5%. At the beginning of the year, its short interest ratio was 4.2%.

Let’s take a look at Continental Resources’ (CLR) stock performance in comparison to the performances of the S&P 500 Index and the Dow Jones Oil & Gas Index since 2011.

On March 14, 2017, Cabot Oil and Gas’s (COG) short interest as a percentage of its float (or its short interest ratio) was ~3.5%.

A peer group comparison shows that Cabot’s forward EV-to-EBITDA multiple of ~10.1x is higher than that of its peers.

Cabot Oil and Gas (COG) noted that it doesn’t have any debt maturing until 2018.

Approximately 38.5% of the analysts rated Whiting Petroleum (WLL) as a “buy,” while ~56.4% rated it as a “hold.” The average broker target price is $14.28.

Whiting Petroleum’s (WLL) implied volatility as of February 22, 2017, was 48.5%, which was ~4.3% lower than its 15-day average of 50.7%.

Rice Energy’s (RICE) 4Q16 revenue rose ~109.0% YoY (year-over-year).

Oasis Petroleum (OAS) hasn’t had a good 2017 so far. In early February, the stock declined with several other energy stocks.

Approximately 67.0% of the analysts rate Noble Energy (NBL) as a “buy” and 33.0% rate it as a “hold.” The average broker target price is $46.88.

Parsley Energy’s (PE) latest acquisition news came after markets closed on February 7, 2017.

The average broker target price of $81.65 for Anadarko Petroleum implies a potential return of ~19.4% for the stock in the next 12 months.

For 4Q16, analysts have an average earnings estimate of -$0.10 per share for Noble Energy (NBL). The low estimate stands at ~-$0.22 per share.

The EIA and IHS Global have revealed that the average well-drilling and completion costs in major US regions, including the Permian, will likely decline.

On December 13, Callon Petroleum announced that it had agreed to acquire certain acreage positions and oil- and gas-producing properties from Ameredev.

Chesapeake Energy (CHK) announced on December 5 that it had agreed to sell 78,000 net acres in Louisiana’s Haynesville Shale for $450 million. The buyer is an undisclosed private player.

In December 2010, Noble Energy (NBL) announced a major natural gas discovery at Leviathan, off the shore of Israel.

Cabot Oil & Gas’s stock price momentum has slowed, but its stock has recently been rising, mirroring natural gas prices.