Anadarko Petroleum Corp
ConocoPhillips: 2015 Operational Highlights, 2016 Guidance
ConocoPhillips’s (COP) total production volume in 2015 was 1,589 Mboe/d excluding Libya. This represents a 5% year-over-year growth after adjusting for asset dispositions and downtime.
How does Occidental Petroleum compare to industry peers?
In terms of profitability, OXY has the highest profit margins amongst its peers at 24.2%. OXY also has one of the highest dividend yields at 2.85%.
Drop in US Crude Oil Production Supported WTI Prices
The EIA estimates that US crude oil production fell by 40,000 barrels per day to 9.096 million barrels per day in the week ending September 25.
Can Anadarko Petroleum Stock Maintain Its Upward Momentum?
Anadarko Petroleum reported adjusted earnings per share of -$0.50 in 4Q16. The company’s EPS were -$0.57 in 4Q15 and -$0.89 in 3Q16.
Plosser on the use of Taylor-like rules in systematic guidance
In this part, we will discuss Dr. Plosser’s views on the use of systematic tools, for example, Taylor-like rules for setting policy rates and communicating these to markets.
Which Upstream Stocks Are More Sensitive to Crude Oil?
In the last three months, Abraxas Petroleum (AXAS) has had the highest positive correlation with WTI crude oil among upstream companies that are part of XOP.
Marcellus Shale: Why it’s key for US natural gas
Natural gas prices in the northeastern US have increasingly been below the Henry Hub price. This is primarily because of the Northeast’s increased access to Marcellus natural gas production.
Why was there a surprise in the EIA’s last crude inventory report?
On December 24, the US Energy Information Administration (or EIA) released its crude inventory report for the week ended December 19.
Hess’s Key Management Objectives Investors Need to Know
Hess’s (HES) key management objectives include taking several steps to counter lower commodity prices. These include capital and cost reductions.
Anadarko Petroleum’s Operational Performance in 3Q17
Anadarko Petroleum’s (APC) total production in 3Q17 was 626 Mboepd. By comparison, its total production was 780 Mboepd in 3Q16.
A Look at Anadarko Petroleum’s Dividend Yield Trends
Anadarko’s dividend yield Anadarko Petroleum (APC) announced a dividend of $0.05 per share on its common stock on May 10, 2017, payable in late June. Its trailing 12-month dividend payments are $0.20 per share, translating to a trailing yield of ~0.41%. The graph above shows how Anadarko’s dividend yield mostly followed an uptrend between 1Q14 […]
WTI–Brent Spread Continues to Diverge: Who Gains and Who loses?
WTI (West Texas Intermediate) crude oil’s discount to Brent crude oil widened in the week ended August 14 over the previous week.
Behind the Natural Gas Price Forecasts for 2016 and 2017
In its March report, the EIA stated that the US natural gas supply-demand gap could average 2.89 Bcf per day in 2016 and rise to 4.05 Bcf per day in 2017.
Most Analysts Recommend a ‘Buy’ for Anadarko Petroleum Stock
About 76% of the analysts covering Anadarko Petroleum (APC) have rated the stock a “buy,” and 21% have rated it a “hold.”
What Drove Oasis Petroleum’s Stock Higher after Fiscal 4Q15?
Following Oasis Petroleum’s (OAS) fiscal 4Q15 earnings release, OAS stock rose 3%. The stock has declined 71% year-over-year.
Crude Oil Inventories Drop Again: Good News for WTI
In its weekly Petroleum Status Report released on Thursday, the EIA announced a decrease of 2.8 MMbbls in crude oil inventories for the week ending May 22.
Anadarko Petroleum Ranks Seventh in Terms of Cash Flow Growth
In this article, we’ll look into the cash flow growth expectations of Anadarko Petroleum (APC).
Hess’s Management Objectives, Strategies in Focus
Hess sees growth opportunities in the Bakken and Utica plays. It also has several growth projects offshore, including its North Malay Basin and its Stampede projects.
Must-know: Why oil prices swung lower only to recover again
On Friday, August 29, prices closed at $95.96 per barrel. On Tuesday, prices dropped to $92.88—a 3% decrease. On Wednesday, prices came back to $95.54 per barrel, again ~3% higher than the previous day’s market close.
Oasis Petroleum’s 1Q16 Production and Operational Highlights
Oasis Petroleum’s (OAS) total 1Q16 production volume was 50,315 boepd (barrels of oil equivalent per day). This represents a flattish year-over-year growth.
Apache Reported Upbeat 4Q17 Revenues and Earnings
On February 22, 2018, Apache (APA) reported its 4Q17 and fiscal 2017 earnings. Apache reported revenues of ~$1.58 billion in 4Q17.
Crude Oil Market: Will Bullish Oil Traders Control 2017?
January WTI crude oil futures fell for the third straight day yesterday. Prices fell below the key psychological levels of $42 per barrel on November 30.
Now for the ConocoPhillips Nitty-Gritty: Debt, Cash, Leverage, and Liquidty
ConocoPhillips’s net debt-to-EBITDA was in the range of 0.6x–1.1x between 3Q13 and 4Q14. But in 2015, its net debt-to-EBITDA multiple started increasing.
Must-know: Why the US total rig count increased last week
U.S. total rig count increases by six The U.S. total drilling rig count increased by six rigs, from 1,883 to 1,889, during the week ending August 1 according to Baker Hughes, which publishes rig counts every week. The number of oil rigs increased by 11, while the number of natural gas rigs decreased by five. […]
Commodity ETFs a Riskier Bet Last Week Than XOP
While retail investors don’t have easy access to the futures market, they can benefit from access to safer, low-cost avenues such as energy ETFs to bet on WTI crude prices.
What Are the Trends in Anadarko’s Revenue and Profit Margins?
Anadarko Petroleum’s (APC) revenue rose ~16.2% YoY (year-over-year) in 4Q16. In comparison, its YoY revenue growth was -35% in 4Q15 and 12% in 3Q16.
Markets Like What Chesapeake Is Doing with Its Debt
Another key reason behind why investors have kept Chesapeake Energy (CHK) in their sights is its significant steps towards debt reduction and management.
Crude Oil Prices Rally as the US Dollar Depreciates
September WTI crude oil futures contracts trading in NYMEX rose by 2.48% on August 10. Crude oil prices rose due to rising refined product prices and the weak dollar.
Freeport-McMoRan Sees Analysts Cut Their Price Targets
Of the 20 analysts surveyed by Bloomberg, only four rate Freeport-McMoRan’s (FCX) stock a “buy,” while two analysts rated it a “sell.” An overwhelming majority of analysts rate FCX as a “hold.”
What Could Be Holding Back Apache Stock?
Apache stock (APA) has fallen 6.6% year-over-year driven by lackluster first-quarter earnings and increasing price differentials in the Permian.
Natural gas prices rallied again on cold weather conditions
Natural gas April futures contracts closed near the day’s high—up by 0.99% on February 27, 2015. The total volume for the day was at 107,303 contracts.
Continental Resources’ Implied Volatility after 4Q16 Earnings
Continental Resources’ (CLR) current implied volatility is 35.4%. That’s about 9.0% lower than its 15-day average of 40.0%.
Horizontal rig count on top again in the US
Horizontal wells increase the length of the well that’s exposed to the reservoir. This increases production. In vertical drilling, a well goes straight down until it reaches the formation.
Why Chevron didn’t sink in 3Q14
Oil prices have been on a rapid decline in the past couple of months. Since the high of $107 per barrel in June, oil prices dropped ~27%. Currently, they’re trading close to $78 per barrel.
What’s Whiting’s Stock Price Range Forecast?
The current implied volatility in Whiting Petroleum (WLL) is ~55.9%, which is 0.53% lower than its 15-day average of 56.19%.
Why Brent pays the price for Saudi’s “generosity”
Prices were at their lowest levels since November 2010. The sharper drop in Brent prices also caused the WTI-Brent spread to fall to $2 on Wednesday.
US Crude Oil Production Achieved a New Record
The EIA released its weekly US crude oil production data on May 2. It reported that US crude oil production increased by 33,000 bpd (barrels per day) to a record high of 10,619,000 bpd.
Crude Oil Prices Fall from Key Resistance Level
WTI crude oil futures contracts for January delivery fell from the key resistance level of $44 per barrel on Friday, November 27.
Smithwood Advisers and Hancock Sell Stakes in Energy in 1Q15
Smithwood Advisers was among the hedge funds that sold their stakes in SandRidge Energy in 1Q15. Hancock Holding was one of the firms that sold stakes in Vaalco Energy.
Must-know: Why upstream players like ExxonMobil rely on fracking
For upstream companies, fracking has turned prospects that were previously considered non-viable into profitable opportunities.
Stock Comparison: How Have COP, DVN, OXY, APC, and EOG Fared?
Stock performance In this article, we’ll discuss the year-to-date (YTD) stock performance of ConocoPhillips (COP), Devon Energy (DVN), Occidental Petroleum (OXY), Anadarko Petroleum (APC), and EOG Resources (EOG), which reported the highest revenue among upstream companies in fiscal 2017. Outliers and underperformers The above image shows that ConocoPhillips (COP) is the outlier among peers. YoY […]
OPEC Crude Oil Production Is Breaking Records
The latest survey from Reuters suggested that OPEC’s crude oil production is breaking historical records. OPEC crude oil production hit 33.1 MMbpd in January 2016.
Natural Gas Prices Recover Ahead of Inventory Report
Natural gas prices rose for the sixth time in the last ten days. Prices fell by 4.5% more on the average down days than on the average up days over the same period.
Chesapeake Energy Has Taken These Steps to Decrease Its Debt
Chesapeake has been intently focusing on reducing its debt load. Over the past three quarters, it has reduced its 2017 maturing and puttable debt commitments.
Natural gas prices declined more than 5% in a single day
Colder weather conditions and gas glut led to volatility in natural gas prices in February 2015. The EIA reported the weekly gas in storage on March 6, 2015.
Why capex, asset mix, and margins drive Western Gas Partners
Western Gas Partners operates midstream assets located in major onshore producing basins in Wyoming, Colorado, Utah, Kansas, Oklahoma, Pennsylvania, and Texas.
Crude Oil Prices Hit $43 Level Due to Slowing Demand Concerns
NYMEX-traded WTI crude oil futures for September delivery fell by 1.76% on August 7. Crude oil prices are trading close to the March 2015 levels.
Key Trends in Whiting Petroleum’s Revenue and Profit Margin
Whiting Petroleum’s (WLL) 4Q16 revenue rose ~1.4% YoY (year-over-year). Its YoY revenue growth was -38% in 4Q15 and -37.4% in 3Q16.
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.
Continental Resources Stock: Understanding the Short Interest Trends
CLR’s short interest ratio was 21.6% as of February 13, as compared to 21.5% at the end of 4Q16.
Natural Gas Prices Are Volatile Due to the Weather Report
December natural gas futures trading in NYMEX rose by 0.40% on November 4, 2015. Natural gas prices rose due to cooler weather estimates.
Anadarko Petroleum: What to Expect in 1Q18
Anadarko Petroleum (APC) is scheduled to release its 1Q18 earnings on May 1 after the markets close. The revenue estimate stands at ~$2.95 billion.
How Will the Bakken Divestiture Affect Whiting Petroleum?
Debt reduction could be one of the most advantageous trade-offs Whiting Petroleum (WLL) sees resulting from its Bakken midstream divestiture.
Tesla Institutional Investors: Who All Sold Too Early?
In 2019, Tesla (TSLA) rose 29.3%. The S&P 500 Index gained 29.2%. The top institutional investors were bullish on the electric car manufacturer in Q3 2019.
Why the horizontal rig count broke a record again
For the week ending November 14, 2014, the number of horizontal rigs increased by seven from the previous week’s count. Currently, there are 1,369 horizontal rigs.
Haynesville Shale Production and Productivity Increase in May
According to the EIA, natural gas production at the Haynesville Shale increased by 89% in the past eight years. In May 2015, the region produced ~7 Bcf per day of natural gas.
Natural Gas Prices Fell Due to Weak Demand Cues
Natural gas futures contracts for December expiry fell by 2.5% on Wednesday, November 11, 2015. Natural gas prices fell due to weak demand cues.
Why Did Natural Gas Prices Rise for the Second Day?
NYMEX-traded natural gas futures contracts for December delivery rose by 1% on November 16. Natural gas prices rose almost 5.5% in two days.
Understanding the simple moving average in technical analysis
The simple moving average (or SMA) is an average of the closing price of a stock over a specified number of periods. The moving average smooths the short-term fluctuations in the stock prices.
Singer’s Elliott Management goes activist on Riverbed Technology
Elliot added 8,231,946 shares to its Riverbed Technology (RVBD) stake in the fourth quarter. Network equipment maker Riverbed accounts for a 6.04% position in Elliot’s portfolio.
Will Crude Oil Futures Fall from 2-Month Highs?
US crude oil (XLE) (XOP) (USO) futures contracts for September delivery fell 2% and closed at $49.16 per barrel on August 1, 2017.
Natural gas at $2.65 levels seems more likely than $2.75 levels
Natural gas April futures trading on NYMEX closed at $2.732 per MMBtu on March 10, 2015. This was the fifth up day in the past ten days.
Why September Popped for Freeport-McMoRan’s Investors
On September 12, Freeport-McMoRan (FCX) announced the sale of its Deepwater Gulf of Mexico energy assets to Anadarko Petroleum (APC) for a cash consideration of $2 billion.
Overview: Ambre Energy—a coal and oil shale export company
Ambre Energy was founded in June 2005. It’s an Australian-American coal and oil shale company. The company’s Australian headquarters are located at Brisbane. The head American office is located at Salt Lake City, Utah. The company operates in three business lines—U.S. coal export infrastructure, international coal marketing and trading, and U.S. thermal coal production.
Crude Oil Prices Are Almost Flat on Surging Holiday Driving Demand
August WTI crude oil futures trading in NYMEX fell marginally by 0.05% and closed at $56.93 per barrel on Thursday, July 2, 2015. Prices traded almost flat.
Bear Market: Crude Oil Prices’ Collateral Damage Continues
Rising global inventories and the US stockpile are fueling negative sentiments in the crude oil market. Prices have fallen more than 55% since June 2014.
Why Did Noble Energy Sell Interest in the Tamar Field?
Noble Energy (NBL) sold net volumes of 252 million cubic feet per day of natural gas in 2015, generating net pretax income of $318 million in 2015.
Anadarko Stock Is Showing Key Short Interest Trends
APC short interest ratio on February 27, 2017, was ~1.75%. Its short interest ratio at the beginning of the year was ~2.2%.
Will Anadarko Benefit from Its Production Mix Strategy in 2019?
In Q4 2018, crude oil sales accounted for 58% of APC’s total sales volume. In 2019, the oil sales volume as a percentage of total sales might vary between 57.6% and 58.8%.
Asset Sales: Chesapeake Energy’s Key Focus in 2016
On August 10, 2016, CHK announced intentions to exit the Barnett Shale. This deal helped it eliminate ~$1.9 billion in commitments to Williams Partners.
Denbury Resources’ Operating Costs Are Drifting Upward
Over the last 12 quarters, Denbury’s operating costs have been drifting upward. They rose from $21.19 per BOE in 1Q12 to $22.64 per BOE in 4Q14.
Hess Stock Rose Significantly after 4Q15 Earnings Release
Following Hess’s (HES) 4Q15 earnings release, Hess stock rose 6%. But the stock has declined significantly over the past year. Year-over-year, Hess has fallen 46%.
Natural Gas Liquids Prices Fall More than Oil and Gas Prices
In this article, we’ll discuss how natural gas liquids prices have moved relative to crude oil and natural gas prices.
Changing Winds in 2017 for Upstream Companies: Capex on the Rise
Capex increase in 2017 As we saw in the previous part, OPEC’s (Organization of Petroleum Exporting Countries) November announcement was a catalyst to turning around commodity prices (USO) (UCO) (UNG) (UGAZ), especially oil prices. Global investment in 2017 A Wood Mackenzie report noted that “the global investment cycle will show the first signs of growth […]
Analyzing Chesapeake’s $1.5 Billion Term Loan to Buy Back Debt
Chesapeake announced that it had secured a $1 billion five-year term loan, which was later increased to $1.5 billion, to buy back senior debt.
Why the US offshore rig count remains unchanged
In 2010, the Gulf of Mexico rig count decreased sharply after BP’s Deepwater Horizon oil spill. During 3Q14, Gulf of Mexico activities decreased again. This time, the challenge was the adverse weather conditions.
Weakest Upstream Stocks in the Week Ending September 14
SandRidge Energy (SD) was the weakest upstream stock in the week ending September 14. SandRidge Energy fell 22.7% last week.
Natural Gas Prices Extend the Gain: Led by Improving Demand
NYMEX-traded June natural gas futures increased by 1.31% on Tuesday. Gas futures settled at $2.935 per MMBtu on May 12, 2015.
Natural gas prices decline on bearish inventory data
April futures contracts for natural gas prices settled at $2.697 per MMBtu (million British thermal units) on Thursday, February 26.
What Happened to Apache’s Implied Volatility after Q4 Earnings
Apache’s (APA) current implied volatility is ~27.5%, ~5.3% lower than its 15-day average of 29%.
What Are Whiting Petroleum’s Updated Capex Plans for 2017?
In its 2Q17 earnings conference, Whiting Petroleum (WLL) lowered its capex forecast for 2017 from $1.1 billion to $950 million.
Continental Resources’ 4Q16 Revenue and Profit Margin Trends
Continental Resources’ (CLR) 4Q16 revenue fell ~4.5% YoY (year-over-year). In comparison, its YoY revenue growth was -56.0% in 4Q15 and -23.0% in 3Q16.
Natural Gas Prices Rose More than 5% in the Last 3 Sessions
December natural gas futures trading in NYMEX rose by 0.3% on November 6, 2015. Natural gas prices rose due to the consensus of rising demand.
Crude Oil Bears Could Overshadow Oil Bulls
August WTI oil futures contracts fell 0.7% in early morning trading on July 18. Brent and WTI crude oil futures rose ~0.5% and ~0.03% on July 17.
Anadarko Petroleum: Key Short Interest Trends
Anadarko Petroleum’s (APC) short interest ratio on February 10, 2017, was ~1.6%. At the beginning of the year, its short interest ratio was ~2.2%.
Why the US offshore rig count slides from a 4-year high
Last week, the number of offshore rigs decreased by two to 55, compared to the previous week.
What’s Been Driving Anadarko Petroleum’s Stock Lately?
Anadarko Petroleum (APC) stock has been surging since the beginning of this year, mirroring crude oil prices (UCO).
Natural Gas Inventory Falls for 4th Straight Week
The EIA reported that the US natural gas inventory fell by 32 Bcf (billion cubic feet) to 3,814 Bcf for the week ending December 18.
WTI and Brent Converge: Is It Good for American Energy Companies?
WTI and Brent narrowed last week compared to the week before. The differential as of Friday, May 22, was $5.65 per bbl compared to $7.12 per bbl on Friday, May 15.
Why the horizontal rig count is the highest on record
Vertical rigs are on a long-term declining trend. Vertical rigs are currently down 63% from around 990 in the beginning of 2007.
Upstream Stocks Saw Strong Buying Last Week
Upstream energy stocks saw strong buying in the week ending September 14 amid sharp gains in crude oil prices. US crude oil went above $70 per barrel.
Haynesville and Niobrara shales are important for US oil and gas
Oil production in the Niobrara Shale increased from ~100,000 barrels per day (or bbl/d) in 2007 to ~350,000 bbl/d in August 2014. This marks an increase of ~3.5 times in seven years. According to Baker Hughes, there are currently ~62 rigs operating in Niobrara—76% of the rigs are oil-targeted.
ETE, PAGP, WGP, and ENLC: Analyzing MLPs’ General Partners
In this series, we’ll perform a comparative analysis of four MLPs’ general partners: Energy Transfer Equity, Plains GP Holdings, Western Gas Equity Partners, and EnLink Midstream LLC.
Crude oil prices gain as supply falls and demand outlook improves
Crude oil prices settled higher on March 3, 2015, led by supply disruptions in Libya and Iraq as well as an improving demand outlook.
Anadarko’s Mixed 2Q17: Earnings and Revenues versus Forecasts
For 2Q17, Anadarko Petroleum (APC) reported revenue of $2.7 billion, compared with the analyst estimate of ~$2.5 billion.
Anadarko Petroleum’s Stock Reaction after 3Q17 Earnings
After Anadarko Petroleum’s (APC) after-market 3Q17 earnings release on October 31, 2017, APC stock fell ~0.12% in pre-market trading on November 1, 2017.
US Crude Oil Production Increases Again: WTI Is in Trouble
The EIA estimates that crude oil production increased by 20,000 bpd to 9.58 MMbpd in the week to May 29—following a triple-digit increase the week before.
Oasis Petroleum’s 4Q15 Earnings: In Line with Analyst Estimates
Oasis Petroleum (OAS) reported its fiscal 4Q15 earnings on February 24, 2016. Its 4Q15 revenue was 13% lower than 4Q14 revenue of $300 million, but OAS stock rose 3%.
Anadarko Petroleum’s Production Expectations for 2017
Anadarko Petroleum’s oil growth forecasts Anadarko Petroleum (APC) expects to double its oil production to at least 600 Mboepd (thousand barrels of oil equivalent per day) from 287 Mboepd in 2016. The forecast for oil volumes for 2017 is 357 Mboepd–362 Mboepd. Anadarko has forecast a CAGR (compound annual growth rate) of 15% in its […]
Anadarko’s 1Q16 Earnings: Analysts’ Estimates Were about Right
Anadarko Petroleum (APC) reported its 1Q16 earnings on May 2, 2016, after the market closed.