Energy XXI Ltd

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  • uploads///Energy MWU_ UPSTREAM Losses
    Energy & Utilities

    Upstream Losses: SN, TELL, BBG, EPE, and EXXI

    In the week starting on March 26, 2018, Sanchez Energy (SN) decreased from $3.31 to $3.11—a decrease of more than 6.0%.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Bill Barrett Leads Upstream Gainers This Week

    In the week starting March 5, 2018, Bill Barrett (BBG) increased from last week’s close of $4.53 to $4.76 on March 6.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Northern Oil and Gas Leads Upstream Gainers This Week

    In the week starting January 1, Northern Oil and Gas (NOG) increased from last week’s close of $2.05 to $2.54 on January 2, a significant increase of ~24%.

    By Nicholas Chapman
  • uploads///Worst YTD Analysts
    Energy & Utilities

    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.

    By Nicholas Chapman
  • uploads///EXXI YTD Price
    Energy & Utilities

    Why EXXI Is the Worst-Performing Upstream Stock Year-to-Date

    EXXI fell sharply from its January 9, 2017, close of $30.25 to $5.13 on December 1—a sizeable decrease of ~83.0%.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Losers
    Basic Materials

    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%.

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

    Oil Producers Brace for Impact of US Dollar Depreciation

    August West Texas Intermediate crude oil futures contracts trading on the NYMEX rose slightly by 0.59% and closed at $45.95 per barrel on July 15, 2016.

    By Gordon Kristopher
  • uploads///WTI Crude Oil futures and Key Moving Averages
    Energy & Utilities

    How Did Crude Oil Fare on July 12?

    US active crude oil futures contracts for August delivery closed at $46.8 per barrel on July 12, which was 8.6% below their 2016 high of $51.23 on June 8.

    By Rabindra Samanta
  • uploads///Crude Oil Performance Relative To The Commodity Complex
    Miscellaneous

    Why Did Crude Oil Fall 2.2% Last Week?

    US crude oil prices (USO) (OIIL) fell by 2.2% in the week ended June 17, 2016. Crude oil closed at $47.98 per barrel on the same day.

    By Rabindra Samanta
  • uploads///US weekly crude oil production may
    Macroeconomic Analysis

    What Are the Bullish Drivers for Crude Oil Prices?

    The expectation of slowing production will support crude oil prices. Crude oil prices are up more than 90% from the lows in February 2016.

    By Gordon Kristopher
  • uploads///Iran production
    Macroeconomic Analysis

    Why Did Iran’s Crude Oil Production Rise in May 2016?

    A Reuters survey reported that Iran’s crude oil production rose by 15,000 barrels per day to 3.55 MMbpd in May 2016—compared to April 2016.

    By Gordon Kristopher
  • uploads///OPEC crude oil production may
    Macroeconomic Analysis

    OPEC Failed to Set an Output Ceiling but Crude Oil Rose

    July WTI crude oil futures contracts trading on NYMEX rose by 0.33% to settle at $49.17 per barrel on June 2, 2016.

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

    Iran: Boon or Bane for the Crude Oil Market in 2016?

    Iran exported ~2 MMbpd of crude oil in April 2016. Iran’s crude oil production rose to 3.38 MMbpd in May 2016—compared to 3.35 MMbpd in April 2016.

    By Gordon Kristopher
  • uploads///Crude Oil Outperforming The Commodity Complex
    Miscellaneous

    Why Did Crude Oil Prices Rise for the Third Straight Week?

    US crude oil prices rose 3.3% for the week ending May 27—the third consecutive weekly gain for oil. On May 27, US crude oil prices closed at $49.33 per barrel.

    By Rabindra Samanta
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    Crude Oil Inventories Decline, Crude Oil Prices Near $50

    WTI and Brent crude oil prices settled below $50 per barrel due to profit booking. Oil traders were booking profit ahead of the US Memorial Day holiday on Monday, May 30, 2016.

    By Gordon Kristopher
  • uploads///Crude Oil Outperforming The Commodity Complex
    Macroeconomic Analysis

    Crude Oil Outperformed the Commodity Complex Last Week

    US crude oil rose 3.4% for the week ending May 13. Crude oil rose following the announcement of a surprise fall in crude oil inventory levels on May 11.

    By Rabindra Samanta
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    US Crude Oil Inventory, Canadian Wildfires Affected Crude Prices

    The larger-than-expected rise in US crude oil inventories limited the upside for US crude oil prices despite supply disruptions in Canada.

    By Gordon Kristopher
  • uploads///US crude oil prodcution apr
    Macroeconomic Analysis

    What Bullish Catalysts Are Driving Crude Oil Prices this Week?

    Crude oil price catalysts Let’s take a look at some key bullish drivers for crude oil prices. Bullish drivers for crude oil prices   US crude oil production fell by 15,000 bpd (barrels per day) to 8.95 MMbpd (million barrels per day) for the week ending April 22 from the previous week. This is the lowest level […]

    By Gordon Kristopher
  • uploads///Iran production
    Macroeconomic Analysis

    What’s Next for the Crude Oil Mark in Iran?

    Iran is the third-largest oil producer in OPEC. Bloomberg projects that its crude oil production rose by 300,000 bpd to 3.5 MMbpd in April 2016 over March.

    By Gordon Kristopher
  • uploads///us retail gasoline prices
    Macroeconomic Analysis

    Gasoline Prices Followed the Momentum of Crude Oil Prices

    On April 27, 2016, the EIA released its “This Week in Petroleum” report. It reported that average US retail gasoline prices rose by 1.7% week-over-week.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Macroeconomic Analysis

    What Are the Bullish Catalysts for Crude Oil Prices This Week?

    The rise in gasoline demand in 2016 compared to 2015 has boosted gasoline prices. Consequently, it boosted crude oil prices.

    By Gordon Kristopher
  • uploads///Correlation of Industrial Metals With Crude Oil
    Macroeconomic Analysis

    Analyzing the Correlation of Crude Oil and Industrial Metals

    In the past year, US crude oil was more correlated with iron ore than copper. In August 2015, the correlation between crude oil and iron ore touched 75.5%.

    By Rabindra Samanta
  • uploads///Iran production
    Macroeconomic Analysis

    Iran’s Crude Oil Production: Biggest Bearish Catalyst for Crude Oil

    Iran’s crude oil production increased by 100,000 bpd (barrels per day) to 3.2 MMbpd in March 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///crude oil rig count
    Macroeconomic Analysis

    US Crude Oil Rig Count Hits a Multi-Decade Low: What’s Next?

    Baker Hughes released its weekly US crude oil rig count report on April 22. The US crude oil rig count fell by eight to 343 rigs between April 15 and April 22.

    By Gordon Kristopher
  • uploads///US cushing crude oil stocks
    Macroeconomic Analysis

    Cushing Crude Oil Stocks Could Put Pressure on Crude Oil Prices

    Data intelligence company Genscape stated that Cushing crude oil stocks rose by 1.5 MMbbls (million barrels) for the week ending April 22, 2016.

    By Gordon Kristopher
  • uploads///Saudi_production
    Macroeconomic Analysis

    Why Did the Doha Oil Producer Meeting Fail?

    On April 17, 2016, major oil producers failed to reach an agreement to freeze crude oil production.

    By Gordon Kristopher
  • uploads///Gasoline stocks
    Macroeconomic Analysis

    Why Gasoline Stocks Rose for the First Time in the Last 6 Weeks

    The EIA reported that US gasoline stocks rose by 1.4 MMbbls to 244 MMbbls for the week ending April 1, 2016—compared to the previous week.

    By Gordon Kristopher
  • uploads///debt of us oil and gas companies main
    Macroeconomic Analysis

    North American Oil and Gas Producers’ Debt Rose in 2015

    AlixPartners surveyed 134 public companies in the US and Canada. The surveys showed that they had a cumulative long-term debt of more than $353 billion in 2015.

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

    Why Russia’s Crude Production Doesn’t Bode Well for Doha Meeting

    Russia’s crude oil production rose by 2.1% to 10.9 MMbpd (million barrels per day) in March 2016 compared to March 2015.

    By Gordon Kristopher
  • uploads///Russia
    Macroeconomic Analysis

    Did Russia Follow the New Crude Oil Production Deal?

    The Russian Energy Ministry reported that Russia produced 10.88 MMbpd of crude oil in February 2016. It produced 10.989 MMbpd in January 2016.

    By Gordon Kristopher
  • uploads///bbaccdddbaabdebb
    Macroeconomic Analysis

    Why Did Crude Oil Prices Rise 37% since the Lows in February?

    Supply stripping demand caused crude oil prices to fall by almost 66% since June 2014. However, oil prices rose almost 37% from the lows in February 2016.

    By Gordon Kristopher
  • uploads///US gasoline prodution
    Macroeconomic Analysis

    How Did Gasoline Production and Demand Affect Crude Oil Prices?

    On February 24, 2016, the EIA reported that gasoline production rose by 334,000 bpd (barrels per day) to 10 MMbpd (million barrels per day) for the week ending February 19, 2016.

    By Gordon Kristopher
  • uploads///defdeeaafbbdbf
    Macroeconomic Analysis

    Crude Prices Fell Again Due to Long-Term Oversupply Concerns

    NYMEX-traded WTI crude oil futures for March delivery fell and closed at $29.64 per barrel on February 19. Oil prices fell due to long-term oversupply concerns.

    By Gordon Kristopher
  • uploads///gasoline and distillate stock change
    Macroeconomic Analysis

    Will Gasoline and Distillate Stocks Support Crude Oil Prices?

    The API reported that gasoline and distillate stocks fell by 0.76 MMbbls (million barrels) and 2 MMbbls, respectively, for the week ended February 12, 2016.

    By Gordon Kristopher
  • uploads///Crude oil and petroluem products charts
    Macroeconomic Analysis

    How Do Crude Oil, Gasoline, and Diesel Prices Mirror Each Other?

    The EIA estimates that US gasoline prices could average around $1.98 per gallon in 2016—the lowest annual average for gasoline prices since 2004.

    By Gordon Kristopher
  • uploads///cushing
    Macroeconomic Analysis

    Why Are Cushing Crude Oil Stocks Crushing Crude Oil Prices?

    The EIA reported that Cushing crude oil stocks rose by 523,000 barrels to 64.7 MMbbls for the week ending February 5, 2016—the highest number since April 2004.

    By Gordon Kristopher
  • uploads///inventory crude oil
    Macroeconomic Analysis

    API Crude Oil Inventory: Up, Up, Up, and Up Again

    On February 9, 2016, the API published its weekly crude oil inventory report. API crude oil inventory rose for the fourth straight week.

    By Gordon Kristopher
  • uploads///US crude oil stocks
    Macroeconomic Analysis

    API Crude Oil Inventory Will Continue to Pressure Oil Prices

    The API will release its weekly crude oil inventory report on February 9. The US commercial crude oil inventory rose by 3.8 MMbbls for the week ending January 29.

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

    Flat US Crude Oil Production Puts Pressure on Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US crude oil production fell marginally by 14,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) for the week ending January 22, 2016.

    By Gordon Kristopher
  • uploads///OPEC production
    Macroeconomic Analysis

    Why OPEC Is Increasing Crude Oil Production

    Data compiled by Bloomberg suggest that OPEC’s (Organization of the Petroleum Exporting Countries) monthly crude oil production increased by 18,000 bpd (barrels per day) to 32.1 MMbpd (million barrels per day) in December 2015.

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

    US Crude Oil Production Could Be a Game Changer in 2016

    The US crude oil production rose due to technological advancement, higher crude oil prices between 2010–2014, and cheaper credit facilities in 2015.

    By Gordon Kristopher
  • uploads///cftc
    Macroeconomic Analysis

    Long Positions Fall in the CFTC’s Commitment of Traders Report

    The CFTC’s COT report states that hedge funds reduced their long positions for the week ending January 12, 2016. The net long positions fell by 20,673 contracts to 163,504 contracts during the week.

    By Gordon Kristopher
  • uploads///cffabceebddd
    Miscellaneous

    Assessing the Geopolitical Tensions Surrounding the Kingdom

    Saudi Arabia has led the Middle East as well as OPEC for more than a decade. But the kingdom is Sunni-dominated, and Shia influence has begun to grow.

    By Rabindra Samanta
  • uploads///Growth in Debt of Different Production Mix
    Macroeconomic Analysis

    Debt Fell for XOP Stocks with a Crude Oil Production Mix over 90%

    The debt of XOP upstream companies operating with a production mix of crude oil greater than 90% fell by an average of 1% on a YoY (year-over-year) basis in 3Q15.

    By Rabindra Samanta
  • uploads///Sales Performance of Different Production Mix
    Macroeconomic Analysis

    Sales Performance of XOP Companies by Production Mix

    The sales of XOP upstream companies operating with a production mix of crude oil greater than 90% fell by 9% on a YoY (year-over-year) basis in 3Q15.

    By Rabindra Samanta
  • uploads///dfebfcdbed
    Macroeconomic Analysis

    The Oil and Gas Industry Hit Multiyear Lows in 2015

    Almost every subindustry in the oil and gas sphere is being affected by lower crude oil prices. Downstream is the only exception where lower crude oil prices have boosted profits.

    By Rabindra Samanta
  • uploads///crude oil market crashes statistices
    Macroeconomic Analysis

    What Were OPEC Policies during Previous Crude Oil Crashes?

    During the 1985-86 crude oil crash, OPEC (Organization of Petroleum Exporting Countries) decided to defend its market share by pumping more oil.

    By Gordon Kristopher
  • uploads///bankrupties
    Macroeconomic Analysis

    US Oil and Gas Companies’ Debt Exceeds $200 Billion

    US oil and gas exploration and production companies are under severe pressure.

    By Gordon Kristopher
  • uploads///Correlation Of XOP With Crude Oil
    Miscellaneous

    An Analysis of the Correlation between XOP and Crude Oil

    Here we’ll present the results of a quarterly correlation analysis between crude oil and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

    By Rabindra Samanta
  • uploads///Crude
    Miscellaneous

    Why the Momentum in Crude Oil May Be Short Lived

    February’s crude oil contract rose 4.6% in the seven days ended December 23. The major drivers of crude oil prices are falling crude oil inventories.

    By Rabindra Samanta
  • uploads///Fiscal Deficit
    Miscellaneous

    Crude Is near the Break-Even Cost for Some OPEC Members

    With crude falling below $40 per barrel, it’s inching towards the break-even cost of OPEC’s member countries. Lower crude oil prices are a direct loss for crude oil exporters.

    By Rabindra Samanta
  • uploads///Weighted Production Mix Of XOP
    Macroeconomic Analysis

    Why XOP Is More Sensitive to Crude Oil than to Natural Gas

    The weighted production mixes of crude oil and natural gas in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) are about 32% and 39%, respectively.

    By Rabindra Samanta
  • uploads///ccecafedaacfccfdd
    Macroeconomic Analysis

    Crude Oil Prices Have Fallen 11% since October 9

    December WTI crude oil futures contracts trading in NYMEX fell by 1.4% on Monday, October 26, 2015. Crude oil prices fell for the second day.

    By Gordon Kristopher
  • uploads///US crude oil chart
    Macroeconomic Analysis

    Crude Oil Futures Prices Are Trading Close to the Key Support

    December WTI crude oil futures fell for the fourth time in the last five trading sessions. Prices are moving towards the nearest support level within the price channel.

    By Gordon Kristopher
  • uploads///debt service
    Macroeconomic Analysis

    Commodity Meltdown: 19 Oil and Gas Companies in Bankruptcy

    The net debt of US oil and gas exploration and production companies increased from $81 billion in 2010 to $169 billion by 1H15. The main reason is the catastrophic fall in crude oil prices.

    By Gordon Kristopher
  • uploads///NG consumption July
    Macroeconomic Analysis

    Natural Gas Consumption: A Key Catalyst for Natural Gas Prices

    The EIA released its monthly drilling report on July 13, 2015. The data showed natural gas production from the key seven shale regions.

    By Gordon Kristopher
  • uploads///WTI  month chart July
    Macroeconomic Analysis

    Crude Oil Prices Hit $51 per Barrel, First Time in 5 Days

    WTI crude oil futures contracts for August delivery closed below $52 per barrel for the first time in the last five days on July 15, 2015.

    By Gordon Kristopher
  • uploads///NG production  July
    Macroeconomic Analysis

    Natural Gas Production Drives Natural Gas Prices

    Natural gas production from the lower 48 states of the US continued to rise week-over-week. Production from the lower 48 states was at 79.96 Bcf as of July 14.

    By Gordon Kristopher
  • uploads///UNG ETF  July
    Macroeconomic Analysis

    Natural Gas Prices Fall on Speculation of Slowing Demand

    August natural gas futures trading in NYMEX fell by 1.73% on Wednesday. Natural gas prices closed at $2.78 per MMBtu on July 1, 2015.

    By Gordon Kristopher
  • uploads///NG inventory June
    Macroeconomic Analysis

    Inventory Data: Putting Pressure on Natural Gas Prices

    Rising natural gas inventories imply that supply is rising or demand is falling. The natural gas inventories are 730 Bcf more than the levels of 1,703 Bcf in 2014.

    By Gordon Kristopher
  • uploads///UNG vs NG June
    Macroeconomic Analysis

    UNG Underperforms Natural Gas Prices

    UNG tracks the performance of futures contracts of NYMEX-traded natural gas prices. UNG declined by 1.28% and closed at $13.86 on Wednesday, June 17.

    By Gordon Kristopher
  • uploads///US nG inventory estimates JUne
    Macroeconomic Analysis

    Natural Gas Inventory: Natural Gas Prices Could Decline More

    The consensus of slowing natural gas production and mild weather estimates could swing natural gas prices in either direction.

    By Gordon Kristopher
  • uploads///Ung ETF June
    Macroeconomic Analysis

    Natural Gas Prices Surge More than 4% on Warmer Weather Estimates

    Natural gas futures trading in NYMEX for July delivery increased by 4.44% on Monday. Prices increased on the consensus of warmer weather forecasts.

    By Gordon Kristopher
  • uploads///UNG ETF June
    Macroeconomic Analysis

    Natural Gas Prices Slump: Consensus of Massive Stockpile Buildup

    Mild weather estimates could also curb the demand for natural gas in the short term. This will also add pressure to natural gas prices.

    By Gordon Kristopher
  • uploads///wti crude oil chart  month May
    Macroeconomic Analysis

    Long-Legged Doji: Crude Oil Prices Could Fall More

    The long-term downward trend of WTI crude oil prices is putting pressure on crude oil prices. It’s dragging crude oil prices to the nearest support of $55 per barrel.

    By Gordon Kristopher
  • uploads///wti crude oil  month chart may
    Macroeconomic Analysis

    Triple Top Pattern: Crude Oil Prices Could Decline

    WTI crude oil prices are declining for the third day in a row. The bearish sentiments could push oil to test the support of $55 per barrel.

    By Gordon Kristopher
  • uploads///NG  month chart  Apr
    Company & Industry Overviews

    Natural Gas Surges More than 3% Ahead of Inventory Data

    Natural gas futures for May delivery increased by 3.16% on April 15, 2015. Yesterday, prices closed at $2.61 per MMBtu.

    By Gordon Kristopher
  • uploads///short interest  apr
    Company & Industry Overviews

    Why Exco Resources Surged 14% in the Last 2 Trading Sessions

    Exco surged more than 14% in the last two trading sessions. It entered into a service agreement with Bluescape Resources. It will invest $10 million in Exco.

    By Gordon Kristopher
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    Refinancing surges as high yield debt picks up

    February saw high yield, or junk bond, activity pick up. Investors turned to high yield debt for higher yields. Most deals were to refinance older debt.

    By David Ashworth
  • uploads///ng march
    Company & Industry Overviews

    Natural gas prices held above the key resistance level

    The consensus of bullish inventory withdrawals supported the rise in natural gas prices. These factors could steer natural gas prices during this week of trading.

    By Gordon Kristopher
  • uploads///ngj  march
    Company & Industry Overviews

    Natural gas’s head and shoulder pattern seems to be decreasing

    The April futures for natural gas prices show the emergence of the head and shoulder pattern. Prices broke key support levels of $2.80 on March 9, 2015.

    By Gordon Kristopher
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