EPE Energy Corp
US Crude Oil Inventories Increased More Than Expected, WTI Down
In its Weekly Petroleum Status Report released on November 4, 2015, the EIA reported an increase of 2.8 MMbbls in crude oil inventories for the week ended October 30, 2015.
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%.
Why Is EP Energy Increasing Focus in the Wolfcamp?
Wolfcamp, which lies in the Permian Basin, has given the company a strategic edge. It seems to make sense to move its capital to more operationally efficient regions.
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.
Top Upstream Losses in the Trailing Week
On November 12–19, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks.
Is EP Energy Increasing Its Focus on Eagle Ford?
In February, EP Energy (EPE) announced that it had closed the acquisition of Carrizo Oil & Gas’s (CRZO) Eagle Ford assets.
Tight Oil Contribution to Rise to 70%: Key Permian Basin Driver
In its “Annual Energy Outlook 2018,” the US Energy Information Administration (EIA) has forecast that US tight oil production will mostly increase through early 2040.
Upstream Losses: NOG, TELL, GPOR, EPE, and REN
In the week starting on March 19, 2018, Northern Oil & Gas (NOG) decreased from $2.09 to $1.86—a significant decrease of ~11.0%.
Wolfcamp Benches and Permian Production Growth
According to the EIA (U.S. Energy Information Administration), Permian Basin production will increase to 4 million barrels per day by 2019.
Analyzing Wall Street Targets for the Worst-Performing Upstream Stocks
The median price target for BCEI is $34.86, which is ~25.0% higher than its December 1, 2017, closing price of $27.99.
Your Upstream Losers This Week: EXXI, REN, EPE, CPE, and UNT
So far this week (as of Tuesday, November 14), Energy XXI Gulf Coast (EXXI) has fallen from last week’s close of $8.83 to $5.49—a significant fall of ~38%.
How Encana Stock Has Performed This Year
Year-to-date, Encana’s (ECA) stock has fallen ~19% to $9.53. The stock is trading below its 50-week and 200-week moving averages.
A Look at Anadarko’s 2Q17 Earnings Estimates
Anadarko Petroleum (APC) plans to release its 2Q17 earnings on July 24, 2017. APC’s 2Q17 revenue estimate stands at ~$2.5 billion compared to its 2Q16 revenues of ~$1.9 billion.
Encana’s Quarterly Production Hit a 2-Year Low
For fiscal 2016, Encana (ECA) reported production of 352.7 Mboepd (thousand barrels of oil equivalent per day), which is above the mid-point of its production guidance range of 340–360 Mboepd.
PE Announced 2nd Permian Acquisition in Less than a Month
On February 7, 2017, Parsley Energy (PE) announced that it had agreed to acquire 71,000 net acres in the Midland Basin from Double Eagle Energy Permian.
Whiting Managed to Reduce Its Net Debt in 2Q16
Whiting Petroleum’s net debt-to-adjusted EBITDA has steadily increased since 4Q14. In 2Q16, Whiting’s net-debt-to-adjusted-EBITDA multiple was ~6.6x.
Wall Street’s Ratings for Marathon Oil Ahead of Earnings Release
Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy,” and ~43% of analysts rate it as a “hold.” Around 3% rate the stock a “sell.”
Upstream Stocks with Highest Short Interest-to-Equity Float Ratios
On July 18, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among the upstream stocks at ~58.0%.
What Are Anadarko’s Capex Plans in 2016?
Anadarko Petroleum’s (APC) 2016 capex (capital expenditures) budget is $2.6 billion–$2.8 billion, a 50% reduction from $5.4 billion in 2015.
Can Anadarko Stock Keep Its Upward Momentum?
Anadarko Petroleum (APC) stock was mostly in a declining trend in the second half of 2015. But since the start of 2016, it has been trending upward.
The Top 5 Upstream Stocks by Short Interest–to–Equity Float Ratio
As of July 1, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%.
The Top 5 Upstream Stocks with the Highest Short Interests
As of June 24, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among upstream stocks at 57.8%.
Apache Stock Buoyed by Crude Oil, Merger-Acquisition Speculation
Apache (APA) stock was mostly volatile in 2015. But since the start of this year, the stock has mostly been on an uptrend.
Which Upstream Stocks Had the Highest Short Interest?
As of June 10, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float figures among upstream stocks.
The Market Liked Consol Energy’s 1Q16 Results: CNX Stock Rose
After Consol Energy (CNX) announced its 1Q16 earnings on April 26, 2016, CNX stock rose 8.1% to close at $14.16.
Crude Prices Rose Due to Supply Outage in Kuwait: What’s Next?
May WTI crude oil futures contracts trading in NYMEX rose and settled at $41.1 per barrel on April 19. Oil prices rallied due to oil workers’ strike in Kuwait.
What Is the Market Outlook for Underground Mining Equipment?
The global underground mining industry is expected to grow at a compound annual growth rate of approximately 7% from 2015 to 2019.
A Quick Look at Joy Global’s History and Operations
Joy Global operates in two business segments, namely its Underground Mining Machinery and Surface Mining Equipment segments.
Will WTI Crude Oil Trade at a Premium over Brent Crude Oil?
Global oversupplies had a greater impact on Brent crude oil prices in comparison to WTI’s crude oil prices (USO), so the WTI–Brent spread narrowed.
Haynesville Shale Natural Gas Production: Finally Up in October
The Haynesville Shale’s natural gas production in October was 0.5% higher than production in September—the region’s first rise in production in four months.
US Crude Oil Production Stays Flat, Imports Fall
The EIA estimates that US crude oil production remained flat at 9.1 MMbpd in the week ended October 30, 2015, compared to the previous week. This is 2% higher than last year’s level of 8.9 MMbpd.
US Crude Oil Production Flat, Imports Down, Support WTI Prices
The EIA estimates that US crude oil production remained flat at ~9.1 MMbpd in the week ended October 23, 2015, compared to the week ended October 16.
Haynesville Shale Natural Gas Production Fell in September
The Haynesville Shale’s natural gas production in September was 0.1% lower than August. On a YoY basis, it was 1.4% less. The drop marked the fourth straight month-over-month fall in production.
Crude Oil Inventory Fell Less than Expected: Did WTI Bounce Back?
The EIA reported a decrease of 1.7 million barrels (or MMbbls) in crude oil inventories for the week ended August 7.
Natural Gas Prices Rise due to Warmer Weather Estimates
August natural gas futures rose for the third consecutive day. Natural gas prices rose by 3.24% and closed at $2.86 per MMBtu on July 13, 2015.
Natural Gas Prices Rise due to Short Covering
Natural gas prices rose by 1.48% and closed at $2.72 per MMBtu (British thermal units in millions) on July 10. Natural gas prices rose due to short covering.
Natural Gas Prices Hit a New Monthly Low before the EIA’s Report
Natural gas futures contracts for August delivery fell by 1.1% on Wednesday. Natural gas prices fell for the third day and settled at $2.69 per MMBtu on July 8.
Natural Gas Prices Hit a 4-Week Low due to Lower Demand Estimates
August natural gas futures contracts trading in NYMEX fell for second day by 1.45% on Tuesday. Natural gas prices closed at $2.71 per MMBtu on July 7, 2015.