Is Oil at the End of Its Rise?
On November 22, 2017, US crude oil (USO) (USL) January futures rose 2.1% and closed at $58.02 per barrel—the highest closing price in 2017.
Miscellaneous
Why Oil Prices Have Been Relatively Flat
On January 18, 2018, US crude oil (USO) (USL) March 2018 futures were almost unchanged at $63.89 per barrel.
Reviewing GWR’s European Carloads in April 2017
Genesee & Wyoming’s (GWR) European carloads fell 9.1% YoY (year-over-year) in April 2017. GWR’s other-than-coal carloads fell 8.2% on a YoY basis in April 2017.
Why US Crude Oil Output Hit a High from January 2016
US crude oil output is at the highest level since January 25, 2016. The rise in crude oil output is the biggest bearish driver for crude oil prices in 2017.
What’s Impacting S&P the 500 and Crude Oil?
The SPDR S&P 500 ETF (SPY) rose ~1.7% to $271.28 during the first half of the year. SPY aims to track the performance of the S&P 500 Index.
Will Crude Oil Futures and S&P 500 Move in the Same Direction?
February US crude oil (UWT) (USL) futures contracts rose 0.5% to $61.73 per barrel on January 8. Prices are near the highest level since December 2014.
JAB to Challenge Nestle, Global Leader of Portioned Coffee Market
JAB’s share in the global coffee market is estimated to reach approximately 20% with the addition of Keurig’s brands and products to its portfolio.
How Price Impacts Iron Ore Inventory
China’s (MCHI) iron ore port inventory is a key indicator that reflects the commodity’s supply-and-demand balance.
WTI Crude Oil Is Rising Faster than Brent
On November 28, 2017, Brent crude oil (BNO) active futures closed at $5.62 higher than US WTI crude oil (USO) (UCO) active futures.
Why Schlumberger’s Stock Price Is Bearish
In the past year, Schlumberger’s stock price rose until January 2017. Schlumberger’s revenue fell slowly in the four quarters leading up to 1Q17.
US Gasoline Demand: Bullish or Bearish for Oil Prices?
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand rose by 6,000 bpd to 9,317,000 bpd on April 7–14.
How Would Qualcomm Fund a Possible Acquisition of NXP?
If Qualcomm (QCOM) looks to buy NXP Semiconductors (NXPI), the deal could be valued at just above $30 billion or as high as $46 billion.
US Crude Oil Inventories: Lower than the Market’s Expectation
The EIA reported that US crude oil inventories fell by 6.4 MMbbls (million barrels) to 509.9 MMbbls on May 19–26, 2017.
How Energy ETFs Are Correlated to Falling Oil Prices
At ~65.2%, the VanEck Vectors Oil Services ETF (OIH) showed the highest correlation with US crude oil between April 4–May 4, 2017.
Why Is Microsoft Resorting to Debt if It Has Cash to Buy LinkedIn?
Microsoft holds $108.3 billion worth of earnings overseas, which accounts for 4.7% of the total overseas cash held by S&P 500 companies.
Geopolitical Tension Could Drive Brent and US Crude Oil Futures
Brent crude oil futures fell 0.7% to $49.61 per barrel on July 4, 2017. August WTI crude oil (XLE) (XOP) (PXI) futures contracts rose in electronic trading.
US Distillate Inventories Support Diesel and Crude Oil Futures
US distillate inventories fell for the third time in the last five weeks. Inventories fell 1.4% for the week ending July 14, 2017.
Valuation Multiples for Agricultural Chemicals after Brexit
In this part of the series, we’ll look at agricultural fertilizer producers’ valuations from their historical standpoints. Over the long run, valuation multiples impact a company’s share price.
Who Is Steven Mnuchin and What Is His Net Worth?
Secretary of Treasury Steven Mnuchin has a net worth that easily surpasses the $100 million mark.
Anheuser-Busch InBev Bids for SABMiller: Analysis
On October 7, Anheuser-Busch InBev announced a formal cash bid of 42.2 pounds per share to SABMiller’s board. This was the third offer rejected by SABMiller.
Scotts Miracle-Gro: Analyst Recommendations and Target Prices
Analyst recommendations for Scotts Miracle-Gro (SMG) have trended with earnings estimates, with more analysts recommending a “buy” for the stock.
How US Distillate Inventories Affect Diesel and Oil Prices
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2.2 MMbbls (million barrels) to 150.2 MMbbls between March 31 and April 7, 2017.
Will the EIA’s Crude Oil Inventories Support Crude Oil Bulls?
On April 18, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.84 MMbbls from April 7–14.
Airline Mergers and Acquisitions: Are We There Yet?
The most recent phase of consolidation that began in 2005 has seen 13 airline mergers and acquisitions. Four of these deals are worth special mention because they changed the face of the industry.
Fall in US Refinery Demand and Imports Impacted Inventories
US refineries operated at 91.5% of their operable capacity in the week ending May 5, 2017. The US refinery demand fell for the second consecutive week.
Crude Tanker Stocks and the BDTI Index in Week 39
In week 39, the week ending September 29, the BDTI rose to 776 from 772. In week 38, the index rose by 28 points. It rose for the fifth consecutive week.
Patterson-UTI Energy’s Dividend Yield on June 2
Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.
Could US Crude Oil Production Push Production Cut Deal Past 2017?
The EIA reported that monthly US crude oil production rose 196,000 bpd to 9.0 MMbpd in February 2017.
All Eyes on the OPEC and Non-OPEC Monitoring Meeting
September WTI (West Texas Intermediate) crude oil (RYE)(VDE)(UCO) futures contracts fell 2.5% to $45.77 per barrel on July 21, 2017.
Brent Is Outperforming WTI Crude Oil
On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
Will Crude Oil Prices Hit a New High?
US WTI crude oil prices were at $54.45 per barrel on February 23—the highest level since June 2015. As of April 10, prices were 2.5% below their high.
What Are Analyst Recommendations for Coca-Cola’s Stock?
As of June 17, Coca-Cola’s (KO) stock price has risen by 5.6% on a year-to-date basis.
Why So Many Analysts Are Rating Marathon Petroleum as a ‘Buy’
Exactly 17 out of the 19 analysts covering Marathon Petroleum (MPC) have rated it a “buy” in February 2017.
Why Wheaton Precious Metals Is Still Analysts’ Top Gold Bet
Among major gold (GLD)(IAU) mining and gold streaming companies (GOAU), Wheaton Precious Metals (WPM) is analysts’ favorite and has received the most “buy” recommendations at 91%.
Initial Reactions from the Travel Industry after Trump’s Win
Just a few days ago, we wrote about how Trump had received very little support from the travel industry. Now that he’s been elected, what’s next?
EIA Raises Estimates for US Crude Oil Production in 2018
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 36,000 bpd (barrels per day) to 9,235,000 bpd between March 31 and April 7, 2017.
Analysts’ Recommendations and Price Target for SQM
Sociedad Química y Minera de Chile (SQM) has yet to announce its earnings, unlike most of the companies we’ve discussed so far in this series.
Oil Traders Should Watch US Oil Exports
On December 5, 2017, Brent crude oil (BNO) active futures were priced $5.24 higher compared to WTI crude oil (USO) (UCO) active futures.
Crude Oil and Product Inventories Impact Crude Oil Futures
US crude oil futures have risen 6% from the ten-month low on June 21, 2017. Futures have also risen 2% in the last month.
Chart of the Week: Crude Oil Production of Global Majors
Crude oil (OIIL) (DBO) (USL) prices fell on June 5, 2017, due to geopolitical tensions.
What Do Analysts Recommend for Halliburton?
On March 24, 92% of the analysts tracking Halliburton rated it as a “buy,” ~5% rated it as a “hold,” and 3% rated it as a “sell.”
Schlumberger and Cameron International: a Complementary Team
Schlumberger and Cameron are contemplating a merger because their drilling and production systems would be integrated from “pore to pipeline.”
US Crude Oil Production Could Hit a Record
The EIA reported that US crude oil production rose by 32,000 bpd (barrels per day) to 9,429,000 bpd on July 7–14, 2017. Production is at a two-year high.
Regulatory Path for the Lam Research-KLA-Tencor Merger
In the press release announcing the Lam Research-KLA-Tencor merger, the companies mention they will serve approximately 42% of the wafer fabrication equipment market immediately upon closing.
Outlook Projections: IMF Cuts Global Growth Forecasts
The IMF cut its global economic growth forecasts, according to the latest IMF World Economic Output Update dated July 19. The cut in forecasts was expected.
Anthem Files Bear Hug Letter for Cigna on June 21
On June 21, Anthem (ANTM) filed a bear hug letter for Cigna (CI). A bear hug letter is a formal press release in which an acquiring company discloses its interest in a target company.
Oil: Famous Recession Indicator Might Be a Concern
On January 2, US crude oil active futures settled at $46.54 per barrel—2.5% higher than the last closing level due to short covering.
Verizon and Cablevision: Market Share after the Altice Transaction
An improving broadband proposition with higher Internet speeds should positively affect Cablevision (CVC), considering the competitive dynamics in its industry.
Why Oil Prices Could Move Higher
On January 12, 2018, US crude oil (USO) (USL) February 2018 futures gained 0.8% and settled at $64.3 per barrel—a three-year high.
Russia Could Leave OPEC’s Production Cut Deal
Rosneft is Russia’s largest oil producer. On June 1, a Rosneft board member stated that Russia wouldn’t extend the production cut deal beyond March 2018.