Energy & Utilities

In the week ended October 6, 2017, the natural gas rig count fell by two to 187.

On June 11, Argus upgraded Apache stock from “hold” to “buy.” On March 7, UBS initiated coverage on Apache stock with a “sell” rating.

In this morning’s Get Real market newsletter, we saw that Disney+ is running the gauntlet while Apple and Microsoft take the Dow to new heights.

Kinder Morgan Energy Partners plans several major Eagle Ford joint ventures and projects that could reach almost $900 million in expenditures if company reports are to be believed.

Energy Transfer Partners remains optimistic about its recently announced projects despite the rise in global trade tensions.

On July 21, the EIA announced a 34 Bcf (billion cubic feet) addition to natural gas (UNG) (GASL) (GASX) (BOIL) inventory levels for the week ending July 15.

In this article, we’ll look at Wall Street analysts’ recommendations for TechnipFMC (FTI) on November 9.

US crude oil (DWT) futures hit $58.95 per barrel on November 24, 2017, which was the highest level in the last 30 months.

American Water Works’ investors are likely concerned by the fact that the stock has corrected by ~12% since July 2016. But it has rallied by ~40% YTD.

Berkshire Hathaway added to its position in Liberty Global PLC (LBTYK) last quarter. The position now accounts for 0.57% of Berkshire’s 1Q 2014 portfolio, up from 0.25% last quarter.

Analysts had expected a drop of 1.5 million barrels (mmbbls) in crude inventories last week. The following parts will cover actual changes in inventories.

Aegent Energy Advisors predicts that US natural gas prices might not exceed $3.18 per MMBtu by December 2017.

The EIA reported that US distillate inventories fell by 3,359,000 barrels to 125.5 MMbbls (million barrels) or 2.6% between October 27, 2017, and November 3, 2017.

During the week ended November 10, 2017, PRB coal closed at $12.10 per short ton, which was ~3% higher than $11.75 per short ton that coal maintained for the past five weeks.

It’s important to note that higher real yields, not rising inflation, are driving today’s higher nominal yields as investors are demanding more compensation for holding bonds

On September 27, 2017, the EIA estimated that US crude oil production rose 37,000 bpd (barrels per day) to ~9.5 MMbpd from September 15–22, 2017.

In recent years, Duke Energy (DUK) made its intent very clear. It concentrates on its regulated utilities—its core business—instead of other areas. The regulated utilities business is Duke’s strength.

The EIA estimated that the global crude oil supply-demand gap averaged 0.58 MMbpd (million barrels per day) in 1H16.

Canadian energy giant Enbridge’s (ENB) operations are diverse. Enbridge accounts for roughly two-thirds of Canada’s crude oil exports to the US.

A Bloomberg survey estimated that the crude oil inventories at Cushing could have fallen by 1.5 MMbbls between December 29, 2017, and January 5, 2018.

January US natural gas (UGAZ) futures contracts were below their 100-day, 50-day, and 20-day moving averages on December 21, 2017.

On March 7, US crude oil April futures fell 2.3% and closed at $61.15 per barrel. Here’s what you need to know.

The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 1.72 MMbbls to 147.7 MMbbls on July 28–August 4, 2017.

Baker Hughes is scheduled to release its US crude oil and natural gas rig count report on November 11, 2017.

Changing oil prices have altered segment dynamics for ExxonMobil (XOM). Earnings from the company’s upstream segment have fallen steeply.

Among the 23 analysts tracking Noble Energy (NBL), 29% recommended a “hold,” 68% recommended a “buy,” and 3% recommended a “sell.”

Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.

About 78.0% of analysts rate Williams Companies (WMB) a “buy,” while the remaining 22.0% rate it a “hold” as of August 21, 2017.

EPD is a leading midstream service provider in the natural gas, natural gas liquids (or NGLs), crude oil, petrochemicals, and refined products sectors.

NextEra Energy’s adjusted earnings have risen 13% year-over-year. The company reported an EPS of $2.35, which beat analysts’ consensus estimates.

In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

ONEOK (OKE) stock has risen ~21% so far in 2018, outperforming its peers in the midstream sector.

The EIA estimates that OPEC’s spare crude oil production capacity rose 35,000 bpd (barrels per day) to 2 MMbpd (million barrels per day) in August 2017.

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.

WTI crude oil prices continued to slide as U.S. crude inventories continued to grow, with domestic production surging.

From June 23—30, the United States Natural Gas ETF (UNG) outperformed the United States Oil ETF (USO). UNG rose ~6.8%, while USO fell ~3.4%.

Exxon Mobil, which joined the Dow Jones Industrial Average in 1928, was removed from the index following a rough year for the company.

More Personal Computing revenue flat Previously, we discussed Microsoft’s (MSFT) Intelligent Cloud segment’s performance. In this part, we’ll look at how its MPC (More Personal Computing) segment performed in fiscal 1Q18. Microsoft’s MPC segment, as the name suggests, is highly dependent on the PC (personal computer) market, drawing close to ~50% of its total revenue […]

Crude oil’s (USO) (OIIL) implied volatility was 41.3% on July 8, 2016.