Chesapeake Energy: ‘Buy’ or ‘Sell’ after Its Q4 Earnings?
On February 27, Chesapeake Energy might report an adjusted net income of $0.18 per diluted share based on analysts’ consensus estimates.
Energy & Utilities
Stock news and analysis in the energy sector, including petroleum, natural gas, and green energy,
Why Kansas City Southern’s Freight Traffic Just Rose
Kansas City Southern reported a YoY (year-over-year) 4.4% rise in railcars in the week ended July 15, 2017.
How Halliburton’s Free Cash Flow Turned Around in 2Q17
Halliburton’s (HAL) cash from operating activities (or CFO) in 2Q17 was a huge improvement over 2Q16 as well as an increase over 1Q17.
Why Inventory Data Might Boost Oil Prices
In the week ended August 31, 2018, US crude oil inventories were almost on par with their five-year average.
Will US Crude Oil Futures Rise above $50 per Barrel This Week?
US active crude oil (PXI) (ERY) (FXN) futures hit $26.21 per barrel on February 11, 2016—the lowest level in more than 13 years.
Are Natural Gas–Weighted Stocks Following Oil?
Range Resources had the highest correlation of 77.4% with US crude oil active futures in the last five trading sessions among natural gas–weighted stocks.
These MLPs Have the Highest Correlations with Natural Gas
In this series, we’ll look at the MLPs that have the highest correlations with natural gas amid the volatility in natural gas prices.
How Did Halliburton Turn Its Free Cash Flow Positive in 2017?
Halliburton’s (HAL) CFO (cash flow from operating activities) in 2017 was a significant improvement over 2016.
Why natural gas gathering and processing are important for MLPs
Natural gas gathering and processing is a significant part of the operations of many midstream master limited partnerships.
Traders Track US Crude Oil Production and Exports
US crude oil production rose by 290,000 bpd (barrels per day) or 3.1% to 9,481,000 bpd in September 2017—compared to the previous month.
Why Did the WTI Cushing-WTI Midland Spread Drop?
The WTI Cushing-WTI Midland spread was at $4.12 per barrel on June 25—compared to $9.7 per barrel on June 18. The spread fell 58% on June 18–25.
Libya’s Crude Oil Production Nears 4-Year High: What’s Next?
Libya is an OPEC member but was exempt from the production cut deal due to political and economic instability.
Chevron: Analysts’ Recommendations
In January, 23 analysts rated Chevron (CVX). Among the analysts, 17 (or 74%) recommended a “buy” or “strong buy.”
What’s Wall Street’s Forecast for Nabors Industries?
Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.
Why Oil Is More Vital than Natural Gas to Natural-Gas-Weighted Stocks
Natural gas supplies depend on US crude oil prices. In fact, the energy sector as a whole can follow trends set by crude oil.
The Top 5 Oilfield Companies by Net Debt-To-Equity Ratio
In this series, we’ll analyze the top five OFS (oilfield equipment and service) companies by net debt-to-equity ratio in fiscal 2017.
MLPs Recovered Slightly in the Week Ending August 25
MLPs recovered slightly in the week ending August 25—possibly due to an overcorrection in the first three weeks of the month.
Could US Crude Oil Fall More?
On May 31, US crude oil July futures fell 1.7% and closed at $67.04 per barrel. That day, the United States Oil ETF (USO) fell 2%.
Hedge Funds’ Net Long Positions in US Natural Gas
Hedge funds decreased their net bullish positions in US natural gas futures and options 1.9% to 186,799 on June 12–19.
Why Is US Crude Oil Production at a 2-Year High?
The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 79,000 bpd or 0.83% to 9,502,000 bpd on August 4–11, 2017.
Will US Crude Oil Prices Stay above $50 per Barrel?
WTI crude oil prices have fallen almost 12.0% year-to-date due to the rise in production for the United States, Libya, Nigeria, Brazil, and Canada in 2017.Energy & Utilities Why Frontline is on the verge of bankruptcy
Industry analysts suggest that investors should avoid Frontline because of the bankruptcy risk. Currently, the company is facing bankruptcy. This is led by the $190 million bond that’s due in April 2015.
Is Sempra Energy the Smart Pick of 2018?
California-based Sempra Energy (SRE) has emerged as the largest utility by market cap in the state after PG&E Corporation’s (PCG) wildfire fiasco.
Which SPX Utility Has the Most Alarming Leverage?
At the end of 2Q17, PG&E had a total debt of $18.5 billion, while Sempra Energy had total debt of $18.1 billion. Its debt might increase going forward.
Why Tesoro’s crude oil gathering and pipeline segment is positive
Tesoro Logistics’ (TLLP) operations are organized into the Crude Oil Gathering segment and the Terminalling and Transportation segment.
Analyzing the Relationship between the US Dollar and Natural Gas
Between July 27 and August 3, 2016, natural gas futures rose by ~6.7%, and the US Dollar Index fell by ~1.5%.
Recommendation: Capitalize on dry bulk shipping’s cyclical waves
The dry bulk shipping industry is cyclical mainly due to economic or business cycles as well as a long lead time between the placement of orders and the delivery of new vessels.
Yieldco: A Green Investment Option That Pays
While REITs started trading in 1951 and MLPs started off in 1981, the first yieldco was floated in 2005 by Seaspan Corporation, a shipping company.
Iraq’s Production and Exports Impact Crude Oil Futures
The EIA estimated that Iraq’s crude oil production fell by 185,000 bpd (barrels per day) to 4,355,000 bpd in October 2017—compared to the previous month.
Are US Distillate Inventories Bearish for Oil Prices?
US distillate inventories rose by 1,667,000 barrels or 1.3% to 129.4 MMbbls (million barrels) on November 24–December 1, 2017.
Analyzing Top Utilities’ Free Cash Flow Trends
The top four utilities have failed to generate positive free cash flows in the last few years.
Spot Coal Prices Remained Flat in the Week Ending November 3
Powder River Basin coal settled at $11.75 per short ton, while Illinois Basin spot coal prices closed at $32.60 per short ton.
How Norfolk Southern’s Shipments Trended in Week 9
In the week ended March 3, 2018, Norfolk Southern saw a ~2% fall in carload traffic. It hauled ~67,700 carloads in the week.
Why US Crude Oil Prices Are Steady
On June 14, Russia and Saudi Arabia announced a bilateral framework to increase cooperation and manage the oil market.
Phillips 66: An overview
In 2013, Phillips 66 generated 67%, 13%, and 6% of its revenues from the United States, the United Kingdom, and Germany, respectively. The company’s other foreign operations contributed ~16%.
Jefferies Revises Target Prices for Diamond Offshore, Noble
Article focus In this article, we’ll discuss analysts’ target price revisions for offshore drilling companies in Week 8 of 2018 (ended February 23). Revisions in Week 8 Jefferies revised its target prices for two offshore drillers. On February 21, 2018, it reduced the target price for Transocean (RIG) to $12 from 413 and maintained a […]Energy & Utilities Must-know: An overview of Athlon Energy
Athlon is an independent oil and gas exploration and production company. Its activities include the acquisition, exploration, and development of oil and liquids-heavy gas resources in the Permian Basin.
Not All Utility Stocks Are Overpriced
Utility stocks seem overvalued. Utilities have reached record levels. They have been trading at inflated valuations for months.
Anadarko Petroleum’s Free Cash Flow Forecast
Anadarko Petroleum’s capex has mainly been showing an increasing trend since the first quarter of 2016. The free cash flow has been negative.
Women CEOs: 5 Names You Should Know
Of all the Fortune 500 companies, only 5% have women CEOs. We rounded up five of the biggest names investors should know. Here’s why.
How Weatherford Stock Moved in the Week Ended November 17
Weatherford International (WFT) stock fell 16.0% in the week ended November 17, 2017. The VanEck Vectors Oil Services ETF (OIH) generated a return of -6.0% during this period.
Must-read comparison: Schlumberger and its peers
Schlumberger’s yearly price-to-earnings ratio is in line with the group. Haliburton has the lowest price-to-earnings ratio.
Cushing Inventories Hit January 2015 Low
A Bloomberg survey estimates that the crude oil inventories at Cushing could have declined by 2.3 MMbbls (million barrels) on January 12–19, 2018.
US Crude Oil Rig Count Could Be Slower in 4Q17
On September 29, 2017, Baker Hughes (BHI) reported that the US crude oil rig count rose by six to 750 on September 22–29, 2017.
Why the Divergence on the Rate Hike Timing in the US?
As a group, policymakers seem utterly confused regarding their reading of the economic situation, inflation, and the labor market.
What Buckeye Partners’ Current Valuation Indicates
On October 31, 2017, Buckeye Partners (BPL) was trading at a price-to-distributable-cash-flow multiple of 10.4x, which is significantly below the historical ten-quarter average of 13.8x.
How Oil Rigs Impact Natural Gas Production
The natural gas rig count was at 187 last week. The natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008.
Global Crude Oil Supply Outages Are near a 4-Month High
Global crude oil supply outages increased by 208,000 bpd (barrels per day) to 1,738,000 bpd in December 2017—compared to the previous month.
What Were Schlumberger’s Drivers in 2Q17?
In 2Q17, Schlumberger reported a net loss of ~$74 million—a sharp improvement compared to 2Q16 when it reported a net loss of $2.16 billion.
Why Frac Spreads Affect Some MLP Stocks
Companies in the natural gas processing space—many of which are MLPS—keep an eye on the fractionation or “frac” spread. Here’s why.
