Denbury Resources Inc

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    Energy & Utilities

    Are Oil’s Supply Concerns Rising?

    On May 21, US crude oil July futures closed $5.97 above the July 2019 futures contract. On May 14–21, US crude oil July futures rose 1.9%.

    By Rabindra Samanta
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    Company & Industry Overviews

    Analyzing Denbury Resources’ 1Q16 Earnings Call

    For 1Q16, Denbury Resources (DNR) reported an adjusted EBITDA of ~$105 million with an EBITDA margin of ~40%. Its EBITDA margin is only ~20% lower.

    By Nicholas Chapman
  • uploads///DNR Q WU Price Performance
    Company & Industry Overviews

    Why Has Denbury Resources Been Underperforming Crude Oil?

    In the last month, crude oil producer Denbury Resources (DNR) has seen its stock price underperform crude oil (USO) and natural gas (UNG) prices.

    By Nicholas Chapman
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    Energy & Utilities

    Top Energy Losses Last Week

    On June 8–15, Whiting Petroleum (WLL) and California Resources (CRC) fell the most on our list of energy stocks.

    By Rabindra Samanta
  • uploads///CRC Q Short Interest
    Company & Industry Overviews

    Is California Resources Rising due to Short Covering?

    On December 21, 2016, California Resources’ total shares shorted, also known as its short interest, stood at ~13.7 million.

    By Nicholas Chapman
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    Energy & Utilities

    Futures Spread Indicates Bullishness for Oil Prices

    Yesterday, US crude oil November 2018 futures closed ~$3.48 above November 2019 futures, and between September 17 and yesterday, US crude oil November futures rose 5%.

    By Rabindra Samanta
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    Miscellaneous

    What Devon Energy’s Implied Volatility Could Say about Its Stock Price

    On May 18, 2017, Devon Energy (DVN) had an implied volatility of ~33.9, which is ~14.9% below its 260-trading day historical price volatility of ~39.9%.

    By Nicholas Chapman
  • uploads///DNR Q Post Production
    Earnings Report

    Denbury Resources’ Production Fell to a 3-Year Low in 2Q17

    For 2Q17, Denbury Resources’ continuing production averaged 59.8 Mboepd, which is ~5% lower than its 2Q16 continuing production of ~63.0 Mboepd.

    By Nicholas Chapman
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    Energy & Utilities

    WTI Oil’s Struggle: Which Oil-Weighted Stocks Should You Watch?

    On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel.

    By Rabindra Samanta
  • uploads///DNR Q Pre Capex
    Earnings Report

    Denbury Resources’s Capital Expenditure Guidance

    For fiscal 2016, Denbury Resources (DNR) plans to spend ~$200 million in capital expenditure, which is ~51% lower when compared with fiscal 2015 capital expenditure of ~$407 million.

    By Nicholas Chapman
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    Macroeconomic Analysis

    Crude Oil Traders Are Closely Watching These Bearish Drivers

    In the previous two parts of this series, we covered bullish drivers for crude oil prices. Now let’s look at some key bearish drivers for crude oil prices in 2016.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Global Crude Oil Supply Outages Impact Crude Oil Prices

    The EIA estimates that global crude oil supply outages fell by 38,000 bpd to 2,284,000 bpd in November 2016—compared to the previous month.

    By Gordon Kristopher
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    Macroeconomic Analysis

    What Are the Key Bearish Drivers for Crude Oil Prices in 2016?

    Multiyear low crude oil prices impact domestic and international oil producers’ margins like PetroChina, Comstock Resources, Whiting Petroleum, and Denbury Resources.

    By Gordon Kristopher
  • uploads///OXY Q Pre Dividend
    Earnings Report

    Occidental Petroleum Paid Dividend of $0.76 per Share in January

    Occidental Petroleum (OXY) paid its most recent dividend for 4Q16 on January 13, 2017—$0.76 per share on its common stock.

    By Nicholas Chapman
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    Energy & Utilities

    Legacy Reserves: Top Upstream Gainer This Week

    In the week starting on March 26, 2018, Legacy Reserves LP increased from last week’s close of $4.47 to $4.94 on March 26—an increase of ~11%.

    By Nicholas Chapman
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    Energy & Utilities

    Futures Spread Nearing Discount: US Crude Sentiment Might Reverse

    On October 22, US crude oil December 2018 futures closed just ~$0.6 above the December 2019 futures.

    By Rabindra Samanta
  • uploads///oil weighted stock performance
    Miscellaneous

    Which Oil-Weighted Stocks Could Outperform Oil’s Downturn?

    On February 11, 2016, US crude oil touched a 12-year low. From February 11, 2016, to March 13, 2017, US crude oil active futures contracts rose 84.7%.

    By Rabindra Samanta
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    Miscellaneous

    Iran’s Crude Oil Exports Could Impact Crude Oil Prices

    The rise in crude oil export capacity suggests that Iran’s getting ready for a massive increase in crude oil production in 2018.

    By Gordon Kristopher
  • uploads///oil producers
    Macroeconomic Analysis

    How the Crude Oil Market Could React to the Doha Oil Producers Meeting

    A meeting of oil producers is scheduled in Doha, Qatar, for April 17. The meeting is meant to support crude prices and will focus on freezing production.

    By Gordon Kristopher
  • uploads///Saudi Arabia
    Miscellaneous

    Will Saudi Arabia Cause Colossal Damage for Crude Oil Futures?

    According to the Wall Street Journal, Saudi Arabia’s crude oil production hit 10.7 MMbpd (million barrels per day) in June 2017.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Hedge Funds Change Net Long Positions in WTI Crude Oil

    The CFTC released its weekly Commitments of Traders report on March 3. Hedge funds’ net long positions hit 413,637 contracts in the week ending February 21.

    By Gordon Kristopher
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    Energy & Utilities

    Saudi Arabia Cutting Oil Exports: Which Stocks Could Gain?

    On July 24, 2017, US crude oil (USO)(DBO)(USL) September futures rose 1.2% and closed at $46.34 per barrel.

    By Rabindra Samanta
  • uploads///Returns
    Miscellaneous

    Better Earnings Impacted PXD’s Volatility and Returns

    Pioneer Natural Resources (PXD) rose the most in the past five days and the last year. On February 7, 2017, it announced its 4Q16 earnings results.

    By Rabindra Samanta
  • Energy & Utilities

    Which Oil ETFs Fell Less than Oil Last Week?

    On November 2–9, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 4.6% and 3.8%, respectively.

    By Rabindra Samanta
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    Miscellaneous

    Why Southwestern Energy’s Implied Volatility Rose

    Southwestern Energy’s implied volatility rose 3.5% on February 24. The stock fell ~12%. On February 23, the company reported a net loss of $0.08 per share.

    By Rabindra Samanta
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    Macroeconomic Analysis

    Crude Oil Prices Fall: Strong Dollar and Oversupply to Blame

    June WTI crude oil futures contracts trading on NYMEX fell 0.85% and closed at $47.75 per barrel on Friday, May 20. Crude oil prices fell due to profit-booking and a strong dollar.

    By Gordon Kristopher
  • uploads///WTI prices
    Macroeconomic Analysis

    Why Goldman Sachs Revised Its Crude Oil Price Forecast

    Goldman Sachs (GS) forecast that Brent crude oil prices could test $50 per barrel in 2H16 due to recent supply outages.

    By Gordon Kristopher
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    Company & Industry Overviews

    Wall Street analyst targets for Denbury Resources

    The highest target price for Denbury comes from KLR Group, of $13 per share for the company. Denbury currently trades near $9, implying a ~45% return.

    By Manas Chowgule, CFA
  • uploads///oil prices
    Macroeconomic Analysis

    Are Crude Oil Prices on the Verge of Collapsing?

    Crude oil prices fell due to the API’s bearish crude oil inventory report. Prices have been trading between $50 per barrel and $54 per barrel since January.

    By Gordon Kristopher
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    Energy & Utilities

    EIA Inventory Data Might Concern Oil Bulls

    In the week ending January 4, US crude oil inventories were 8% higher than their five-year average—the same as the previous week.

    By Rabindra Samanta
  • uploads///Gasoline Inventories
    Energy & Utilities

    Will Gasoline and Distillate Inventories Support Crude Oil Bulls?

    October US crude oil futures contracts fell 0.3% to $46.31 per barrel in early electronic trading on August 30, 2017.

    By Gordon Kristopher
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    Miscellaneous

    Can OPEC and Russia Rescue the Oil Market?

    The EIA estimates that OPEC’s crude oil production rose by 90,000 bpd to 31.71 MMbpd (million barrels per day) in April 2017—compared to March 2017.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Why Did Crude Oil Prices Hit a 3-Month Low?

    Crude oil (USO) (IXC) (XES) was trading near a 20-month high on March 7. US crude oil prices posted their biggest one-day decline in the last 13 months.

    By Gordon Kristopher
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    Energy & Utilities

    Will the Sharp Sell-Off in Europe and China Impact Oil Prices?

    On September 28–October 5, US crude oil November futures rose 1.5% and closed at $74.34 per barrel on October 5.

    By Rabindra Samanta
  • uploads///Libya
    Energy & Utilities

    What to Expect from Libya’s Crude Oil Production in September

    The EIA estimates that Libya’s crude oil production fell by 145,000 bpd (barrels per day) to 860,000 bpd in August 2017—compared to the previous month.

    By Gordon Kristopher
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    Energy & Utilities

    The Big Push for Oil this Year

    Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. Let’s take a closer look.

    By Rabindra Samanta
  • uploads///Crude oil prices
    Energy & Utilities

    Will US Crude Oil Futures Surpass their 200-Day Moving Average?

    Let’s track some important events for oil and gas traders from August 14 to 18, 2017.

    By Gordon Kristopher
  • uploads///gasoline inventories
    Miscellaneous

    Traders Focus on the API and EIA’s Crude Oil Inventories

    On May 16, 2017, the API released its weekly crude oil inventory report. US crude oil inventories rose by 0.8 MMbbls (million barrels) on May 5–12, 2017.

    By Gordon Kristopher
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    Miscellaneous

    Why Did US Distillate Inventories Fall Again?

    June diesel futures contracts rose 2.1% to $1.47 per gallon on May 10, 2017. Prices rose due to the larger-than-expected fall in distillate inventories.

    By Gordon Kristopher
  • uploads///Iraq
    Energy & Utilities

    Kurdistan Referendum: Time to Buy Crude Oil Futures?

    On September 25, 2017, the people in Kurdistan voted in a referendum for independence. As a result, Turkey blocked 500,000 bpd of crude oil exports.

    By Gordon Kristopher
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    Company & Industry Overviews

    Upstream Stocks Were the Energy Space’s Top Gainers Last Week

    In the week that ended on April 5, upstream stock Denbury Resources (DNR) rose the most among the stocks in the energy space.

    By Rabindra Samanta
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    Energy & Utilities

    Rising Inventories Spread Might Drag Oil Prices

    In the week ending on November 2, US crude oil inventories were 3% above their five-year average.

    By Rabindra Samanta
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    Energy & Utilities

    Why Did Oil Prices Fall?

    On March 22, natural gas April 2018 futures declined 0.8% and settled at $2.62 per million British thermal units.

    By Rabindra Samanta
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Energy XXI Gulf Coast Leads Upstream Gainers from June 18–20

    From June 18–20, Energy XXI Gulf Coast (EGC) rose from last week’s close of $7.49 to $8.97, an increase of 20%.

    By Nicholas Chapman
  • uploads///Libya
    Miscellaneous

    How Long Will Nigeria’s Supply Disruption Help Oil Prices?

    Crude oil prices rose on June 9, 2017, due to the supply outage in Nigeria. Rebels damaged the Trans Niger pipeline in Nigeria, which caused a leak.

    By Gordon Kristopher
  • uploads///gasoline prices
    Miscellaneous

    US Crude Oil and Gasoline Futures Moved Together

    June gasoline futures contracts rose 1.3% to $1.53 per gallon on May 3, 2017. Prices rose due to the less-than-expected rise in US gasoline inventories.

    By Gordon Kristopher
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    Miscellaneous

    US Gasoline Inventories Fell Less, Pressured Gasoline Prices

    The EIA released its weekly crude oil report on May 24, 2017. US gasoline inventories fell by 0.8 MMbbls to 239.9 MMbbls on May 12–19, 2017.

    By Gordon Kristopher
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    Energy & Utilities

    Analyzing Oil ETFs’ Returns Last Week

    On November 16–23, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 10.3% and 9.9%, respectively.

    By Rabindra Samanta
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    Miscellaneous

    Will Russia’s Oil Production Fall in the Coming Months?

    Russia’s Energy Ministry reported that its oil production fell in the first half of April 2017 due to major producers’ production cut deal.

    By Gordon Kristopher
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    Energy & Utilities

    Oil Might Feel Pressure from US-China Trade Talks on January 28

    Between January 18 and January 25, US crude oil March futures fell 0.6% and closed at $53.69 despite a fall in the US dollar.

    By Rabindra Samanta
  • uploads///US crude oil inventories
    Miscellaneous

    Crude Oil Storage in Tankers Hit a 2017 High

    July US crude oil (XLE) (XOP) (USO) futures contracts fell 0.2% and were trading at $44.13 per barrel in electronic trade at 5:55 AM EST on June 20, 2017.

    By Gordon Kristopher
  • uploads///Russia crude oil production
    Macroeconomic Analysis

    Russia’s Crude Oil Production Hits Record: What’s Next?

    Russia’s crude oil production rose by 2,000 bpd (barrels per day) to 11.23 MMbpd (million barrels per day) in November 2016 compared to the previous month.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Tyco International to Tie Up with Johnson Controls

    Tyco International (TYC) and Johnson Controls (JCI) revealed on Monday, January 25, 2016, that they are going to merge. The news raised TYC stocks that day, while JCI fell 3.9%.

    By Renee Blakely
  • uploads///Upstream SI
    Miscellaneous

    Are These Bearish Upstream Stocks in Your Portfolio?

    On December 5, 2016, California Resources (CRC) had the highest short interest-to-equity float ratio of ~42.5% among the upstream stocks in XOP.

    By Rabindra Samanta
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    Energy & Utilities

    Oil Prices: Why ‘March’ Could Be Important

    On February 28, US crude oil April futures rose 0.5% and settled at $57.22 per barrel.

    By Rabindra Samanta
  • uploads///cushing
    Macroeconomic Analysis

    Cushing Crude Oil Inventories’ Record Highs: Impact on Oil

    Market surveys estimate that Cushing crude oil inventories fell from February 10 to 17, 2017. A fall in crude oil inventories at Cushing could support US crude oil prices.

    By Gordon Kristopher
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    Energy & Utilities

    Futures Spread: Divergence Is Important for Oil Traders

    On December 3, US crude oil January 2019 futures closed ~$1.12 below the January 2020 futures.

    By Rabindra Samanta
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    Energy & Utilities

    Futures Spread: Less Bearish Sentiments for Oil?

    On January 7, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures.

    By Rabindra Samanta
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    Energy & Utilities

    EIA Inventory Data: Impact on Oil

    On April 24, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.

    By Rabindra Samanta
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    Energy & Utilities

    Oil-Weighted Stocks at Maximum Risk, Oil Declines

    On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18.

    By Rabindra Samanta
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    Energy & Utilities

    Why Certain Oil-Weighted Stocks Outperformed Last Quarter

    In the fourth quarter, our list of oil-weighted stocks fell 44.2%—compared to the 39.7% fall in US crude oil February futures.

    By Rabindra Samanta
  • uploads///oil price and oil inventory
    Miscellaneous

    Why Traders Are Tracking the API’s Crude Oil Inventories

    A market survey estimates that US crude oil inventories fell by 2.83 MMbbls on June 23–30, 2017. Gasoline inventories might have fallen by 0.5 MMbbls.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    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.

    By Gordon Kristopher
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    Energy & Utilities

    Oil-Weighted Upstream Stocks: Outlier in the Energy Space

    On August 24–31, upstream stock California Resources (CRC) saw the highest gain on our list of energy stocks.

    By Rabindra Samanta
  • uploads///Libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Hit a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose to ~700,000 bpd in January—the highest level in the last three years.

    By Gordon Kristopher
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    Energy & Utilities

    Oil Wasn’t the Only Catalyst for Oil-Weighted Stocks

    The high correlation indicates a stronger positive relationship between oil-weighted stocks and US crude oil prices.

    By Rabindra Samanta
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    Energy & Utilities

    Did Oil ETFs Rise Faster Than US Crude Oil Last Week?

    Last week, Denbury Resources (DNR) and California Resources (CRC) rose 23.6% and 21.8%, respectively, the most on our list of oil-weighted stocks.

    By Rabindra Samanta
  • uploads///P Revs
    Company & Industry Overviews

    Denbury Resources’ Revenues Drive Its Profitability

    Revenues for Denbury Resources Inc. (DNR) have almost doubled in the six years to 2014. They rose from ~$1.3 billion in 2008 to ~$2.4 billion in 2014.

    By Manas Chowgule, CFA
  • uploads///russia
    Miscellaneous

    Russia’s Crude Oil Production Fell in April: What’s Next?

    Russia is the largest crude oil producer in the world. Russia’s production fell by 50,000 bpd to 11 MMbpd (million barrels per day) in April 2017.

    By Gordon Kristopher
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    Energy & Utilities

    Oil ETFs Outperformed Oil’s Fall Last Week

    On October 5–12, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) both fell 3.6%.

    By Rabindra Samanta
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    Miscellaneous

    Hedge Funds’ Net Bullish Positions on US Crude Oil

    Hedge funds reduced their net bullish positions in US crude oil futures and options by 1,136 contracts to 133,606 contracts on June 20–27, 2017.

    By Gordon Kristopher
  • uploads///MRO Q Dividend
    Company & Industry Overviews

    Why Has Marathon Oil Curtailed Its Dividend?

    Marathon Oil (MRO) paid its last dividend on September 12, 2016, issuing a dividend of $0.05 per share on its common stock for 2Q16.

    By Nicholas Chapman
  • uploads///Distillate
    Energy & Utilities

    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.

    By Gordon Kristopher
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    Energy & Utilities

    Oil Futures Spread: Why the Divergence Is Interesting

    On November 19, US crude oil January 2019 futures closed ~$0.7 below the January 2020 futures.

    By Rabindra Samanta
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    Miscellaneous

    Libya’s Crude Oil Production Could Rise in June

    Reuters surveys estimate that Libya’s crude oil production rose by 180,000 bpd (barrels per day) to 730,000 bpd in May 2017—a three-year high.

    By Gordon Kristopher
  • 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.

    By Manas Chowgule, CFA
  • uploads///US production
    Miscellaneous

    US Crude Oil Production Hit a 20-Month High

    The EIA reported that US crude oil production rose by 17,000 bpd to 9,252,000 bpd on April 7–14, 2017. Production rose 0.2% week-over-week.

    By Gordon Kristopher
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    Miscellaneous

    Upstream Stocks that Lead in Short Interest

    On October 28, California Resources (CRC) had the highest short interest-to-equity float ratio of ~44.8% among the upstream stocks in XOP.

    By Rabindra Samanta
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    Energy & Utilities

    Will Saudi Arabia Extend the Output Cut Deal?

    A Reuters survey estimates that Saudi Arabia’s crude oil production fell by 40,000 bpd to 9.98 MMbpd in August 2017—compared to the previous month.

    By Gordon Kristopher
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    Energy & Utilities

    Did Oil ETFs Diverge from Oil Prices Last Week?

    On November 23–30, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 0.9% and 1.2%, respectively.

    By Rabindra Samanta
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    Miscellaneous

    Upstream Stocks’ Returns and Volatility

    On February 17, 2017, Cobalt International Energy (CIE) had the highest implied volatility among the upstream stocks that are part of XOP.

    By Rabindra Samanta
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    Energy & Utilities

    Futures Spread: Perhaps Bearish Sentiments for Oil

    On October 29, US crude oil December 2018 futures closed ~$0.01 below the December 2019 futures.

    By Rabindra Samanta
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    Energy & Utilities

    Oil-Weighted Stocks Could Be Impacted by Oil’s Fall

    On April 4, 2018, US crude oil May futures fell 0.2% and closed at $63.37 per barrel. On March 28–April 4, 2018, US crude oil May futures fell 1.6%.

    By Rabindra Samanta
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    Energy & Utilities

    Which Oil-Tracking ETFs Outperformed US Crude Oil’s Fall?

    On October 26–November 2, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 7.1% and 6.4%, respectively.

    By Rabindra Samanta
  • uploads///Iraq
    Energy & Utilities

    What Could Drive Crude Oil Prices Higher?

    US crude oil inventories fell 15% from their peak in March 2017 for the week ending November 3, 2017, which helped oil (USO) (UCO) prices.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    US Crude Oil Inventories Fell 10% from Their Peak

    The EIA reported that US crude oil inventories fell by 1.5 MMbbls (million barrels) or 0.3% to 481.8 MMbbls on July 21–July 28, 2017.

    By Gordon Kristopher
  • uploads///Chart
    Macroeconomic Analysis

    Will Oil Glut Continue in 2016 with OPEC’s Production Policy?

    Some member countries of OPEC—namely, Saudi Arabia and Kuwait—support the policy to keep oil output high in order retain market share against non-OPEC producers.

    By Renee Blakely
  • uploads///LAMR
    Energy & Utilities

    Magnetar Capital starts new positions in DNR, OKE, LAMR, and KMI and sells PFE and ZTS—13F Flash C

    In this six-part series, we’ll go through some of the main positions Magnetar traded this past quarter. Why buy Lamar Advertising Co. (LAMR)?

    By Samantha Nielson
  • uploads///SI Upstream
    Miscellaneous

    These Upstream Stocks Have the Highest Short Interest

    California Resources’ short-interest-to-equity-float ratio has risen 51.8% over the last three months.

    By Rabindra Samanta
  • uploads///P OpCosts
    Company & Industry Overviews

    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.

    By Manas Chowgule, CFA
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    Energy & Utilities

    OPEC Spare Production Capacity Hit 2017 Low

    The US Energy Information Administration estimated that OPEC’s spare crude oil production capacity fell by 170,000 bpd (barrels per day) to 2.01 MMbpd (million barrels per day) in June 2017.

    By Gordon Kristopher
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    Energy & Utilities

    Geopolitical Turmoil: US Crude Oil Might Stay near to $70

    On October 12–19, US crude oil December futures fell 2.7% and closed at $69.28 per barrel on October 19.

    By Rabindra Samanta
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    Macroeconomic Analysis

    US Gasoline Inventories Fell 4% from Their All-Time High

    The EIA reported that US gasoline inventories fell by 6.6 MMbbls (million barrels) to 249.3 MMbbls between February 24, 2017, and March 3, 2017.

    By Gordon Kristopher
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    Energy & Utilities

    Why US Crude Oil Prices May Consolidate after OPEC Meeting

    Between June 15 and June 22, US crude oil August futures rose 5.8%. The gains were mainly due to the OPEC meeting on June 22.

    By Rabindra Samanta
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    Miscellaneous

    Will OPEC and Russia Announce Deeper Production Cuts?

    The OPEC and non-OPEC monitoring committee meeting will be held on July 24, 2017, in Russia. The meeting will discuss production cut deal compliance.

    By Gordon Kristopher
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    Energy & Utilities

    Oil-Weighted Stocks Could Be Influenced by Volatile Oil Prices

    On December 19, US crude oil February futures rose 3.4% from the lowest closing level in more than a year and closed at $48.17 per barrel.

    By Rabindra Samanta
  • uploads///Libya
    Miscellaneous

    Libya’s Crude Oil Production Is at a 4-Year High

    August West Texas Intermediate (or WTI) crude oil futures contracts rose $1.03 per barrel, or 2.2%, and settled at $47.07 per barrel on July 3, 2017.

    By Gordon Kristopher
  • uploads///China
    Miscellaneous

    Is the US Capturing Crude Oil Market Share in China and India?

    India is the third-largest crude oil consumer after the US and China. India is expected to import crude oil from the US by October 2017.

    By Gordon Kristopher
  • uploads///oil sunset crude oil pic
    Energy & Utilities

    US Crude Oil below $60 Might Harm Oil-Weighted Stocks

    On November 14, US crude oil December futures rose 1% and closed at $56.25 per barrel.

    By Rabindra Samanta
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    Energy & Utilities

    Oil’s Futures Spread: An Interesting Divergence

    On December 31, US crude oil February 2019 futures closed ~$3.2 below the February 2020 futures.

    By Rabindra Samanta
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