Energy & Utilities
Gevo Rises on Trafigura Deal, Eyes $50 Million in Direct Offering
Southwestern Energy to Acquire Montage Resources, Stock Falls
Southwestern Energy stock fell after the company announced an agreement to acquire Montage Resources in an all-stock transaction.
BP Reports Major Q2 Loss, Halves Dividend
In BP's Q2 earnings release, the company reported major losses and halved its dividend for the first time in a decade. Let’s see why.
Are Oil Stocks a Good Investment?
What’s the Outlook for WTI Crude Oil Prices?
On Wednesday, WTI crude oil active futures have declined 0.1% and settled at $41.90 per barrel. On a YTD basis, WTI active futures have fallen 31.4%.
Halliburton Stock Rose 6 Percent Due to Earnings Surprise
Halliburton stock has risen as much as 5.50% in the pre-market session today as of 8:39 AM ET. The stock rose due to the company’s earnings surprise.
Crude Oil Prices Were Strong in Q2: What’s Next?
Crude oil prices saw a best-ever quarter in the second quarter. Brent crude and WTI crude fell to multiyear lows in April 2020.
Is Suncor Energy Stock a ‘Buy’ amid Weak Energy Prices?
Suncor Energy (NYSE:SU) stock has fallen 47% year-to-date. Weak crude oil prices have taken a toll on energy companies’ stock prices.
Natural Gas: What Can Investors Expect?
The EIA reported a rise of 120 Bcf in natural gas inventories for the last week. However, analysts expected a rise of 106 Bcf in the inventories level.
JPMorgan Chase Predicts Crude Oil Will Reach $190 in 2025
JPMorgan Chase predicts that oil will reach $190 per barrel in 2025. Just a few months ago, Brent crude touched a multiyear low.
Chesapeake Energy Bankruptcy: What You Need to Know
Citing unnamed sources, Reuters reported that Chesapeake Energy might file for bankruptcy this week. The stock has been very volatile this year.
Goldman Sachs Gives Its Top Picks: Buy Tech, Sell Energy
David Kostin of Goldman Sachs (NYSE:GS) is bullish on the tech sector. The sector has outperformed the broader markets this year.
Are Natural Gas Prices in a ‘Buy’ Zone Right Now?
Natural gas prices could see a large upside in the coming months. Will natural gas prices rise this summer or remain range-bound?
Chesapeake Energy and Carlyle Group Might Face Losses
So far in 2020, Chesapeake Energy (NYSE:CHK) has declined 92%. The COVID-19 outbreak hit oil demand and dragged the energy sector down.
Oil Price Update: Have Traders Turned Bullish?
Today at 10:01 AM ET, WTI (West Texas Intermediate) oil prices rose 3.8% and were at $28.65 per barrel. On Thursday, WTI prices rose by 9%.
Goldman Sachs: Oil Prices Might Ignore Saudi Arabia
For the rest of 2020, oil prices probably won’t go further into the negative territory. The demand for jet fuel won’t touch the peak from before COVID-19.
Analyzing the Upcoming Natural Gas Inventory Report
On Thursday, the EIA will report the natural gas inventory data. For the week ended April 24, the EIA reported a rise of 70 Bcf in natural gas inventories.
Will Chesapeake Energy Recover in 2020?
So far in 2020, Chesapeake Energy (NYSE:CHK) has fallen 95.7%—sharper than a fall of 44.5% in the SPDR S&P Oil & Gas Explore & Production ETF.
Are Energy Stocks a ‘Buy?’ Goldman Sachs Says Yes!
Energy stocks have fallen this year amid the bloodbath in crude oil prices. Last week, WTI crude contract turned negative for the first time in history.