Laredo Petroleum Inc

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  • uploads///AdobeStock_
    Industrials

    Range Resources: A Look at Its Institutional Holdings

    Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.

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

    Upstream Stocks Outperformed the Energy Space

    In the week ending March 22, upstream stock Denbury Resources (DNR) rose the most among the energy stocks under review in this series.

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

    The Top Five Losses in the Energy Space Last Week

    Between January 11 and January 18, upstream stock Laredo Petroleum (LPI) fell the most among our set of selected energy stocks.

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

    Laredo Petroleum: Top Underperformer in the Upstream Space

    On January 11–18, Laredo Petroleum fell the most on our list of upstream energy stocks from XOP.

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

    Weakest Upstream Stocks in the Week Ending October 5

    Ring Energy (REI) was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week.

    By Kurt Gallon
  • uploads///Loser
    Basic Materials

    Weakest Upstream Stocks in the Week Ending September 28

    Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.

    By Kurt Gallon
  • uploads///refinery _
    Energy & Utilities

    Why Laredo Petroleum Is Surging Today

    Laredo Petroleum (LPI) stock is up more than 9% on strong volumes. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.

    By Kurt Gallon
  • uploads///Energy Sector Q YTD Analysts
    Energy & Utilities

    Analyzing Wall Street’s Targets for HK, XEC, JAG, LPI, and COG

    To conclude our series, we’ll discuss analysts’ recommendations for this year’s weakest upstream stocks.

    By Nicholas Chapman
  • uploads///JAG Upstream YTD Q Price
    Energy & Utilities

    Is Jagged Peak Energy’s Valuation Justified?

    This year, Jagged Peak Energy (JAG), has been the third-weakest US upstream stock.

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

    President Trump Impacts Iran and Crude Oil Futures

    On May 8, President Trump said that the US is exiting the Iranian nuclear deal. He plans to impose new sanctions on Iran.

    By Gordon Kristopher
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    Energy & Utilities

    Comparing Stock Performance: LPI, EQT, FANG, SRCI, and CXO

    Stock performance In this part, we’ll compare Laredo Petroleum’s (LPI), EQT’s (EQT), Diamondback Energy’s (FANG), SRC Energy’s (SRCI), and Concho Resources’ (CXO) stock performance. As we saw in the previous part, these stocks reported the widest net profit margins in fiscal 2017. Outliers and underperformers Diamondback Energy (FANG) outperformed its peers, rising 27% YoY (year-over-year). Meanwhile, […]

    By Keisha Bandz
  • uploads///Net margins
    Earnings Report

    These Upstream Companies Had the Widest Net Margins in 2017

    Top five upstream companies based on net margins Let’s now look at the five upstream companies with the widest net profit margins in fiscal 2017. Profit margins are helpful in gauging a company’s profitability and operational efficiency. Profit margin growth shows that a company is increasing its operational efficiency and making more money on each unit […]

    By Keisha Bandz
  • uploads///OPEC production Dec
    Energy & Utilities

    Why OPEC’s Crude Oil Production Rose in January

    A Reuters survey showed that OPEC’s crude oil production increased by 100,000 bpd (barrels per day) to 32.4 MMbpd (million barrels per day) in January 2018.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Traders Could Start Booking a Profit in Crude Oil Futures

    On January 16, 2018, Goldman Sachs said that crude oil prices could exceed its forecast in the coming months.

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

    Implied Volatility of Top 5 Return on Equity Upstream Stocks

    Carrizo Oil & Gas (CRZO) has the highest implied volatility among its peers, while Devon Energy (DVN) has the lowest implied volatility.

    By Keisha Bandz
  • uploads///LPI
    Energy & Utilities

    What Made Laredo Petroleum’s Return on Equity Rise in 2017?

    Laredo Petroleum’s (LPI) TTM (trailing 12-month) ROE (return on equity) in 3Q17 was 45.7%.

    By Keisha Bandz
  • uploads///ROE
    Energy & Utilities

    The Top 5 Upstream Companies Based on Return on Equity

    The company with the highest trailing 12-month ROE (return on equity) as of 3Q17 is Carrizo Oil & Gas (CRZO) with an ROE of 52.1%.

    By Keisha Bandz
  • uploads///US crude oil prodcuion weekly
    Energy & Utilities

    US Crude Oil Futures and the S&P 500 Diverged Last Week

    January US crude oil (USL) (DWT) futures contracts rose 0.5% to $57.3 per barrel on December 15, 2017.

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

    FOMC’s Meeting Could Impact the Dollar and Oil Prices

    The FOMC’s two-day meeting will be held on December 12–13, 2017. The Fed is expected to raise the US interest rate during this meeting.

    By Gordon Kristopher
  • uploads///Crude oil inventory
    Energy & Utilities

    US Crude Oil Inventories Have Fallen 16% from Their Peak

    US crude oil inventories fell by 5.6 MMbbls (million barrels) or 1.2% to 448.1 MMbbls on November 24–December 1, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///Major producers June
    Energy & Utilities

    Crude Oil Prices Are Positive before OPEC’s Meeting

    US crude oil futures for January delivery rose 0.3% to $57.47 per barrel at 1:10 AM EST on November 30, 2017. Prices rose ahead of OPEC’s meeting.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Company & Industry Overviews

    Upstream Losers: JONE, TELL, KOS, LPI, and ERF

    In the week starting October 2, 2017, Jones Energy (JONE) has fallen ~9.0%, from $1.92 to $1.74. It has fallen every day so far this week.

    By Nicholas Chapman
  • uploads///Libya
    Macroeconomic Analysis

    Analyzing Libya’s Crude Oil Production

    A Reuters survey estimates that Libya’s crude oil production fell by ~20,000 bpd (barrels per day) to 670,000 bpd in February 2017—compared to January 2017.

    By Gordon Kristopher
  • 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
  • uploads///libya
    Macroeconomic Analysis

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

    Libya’s National Oil Corporation reported that the country’s crude oil production rose by 300,000 bpd between September 2016 and January 2017.

    By Gordon Kristopher
  • uploads///gdp consu and wti
    Macroeconomic Analysis

    Oil Prices, World Oil Consumption, and Global Economic Growth

    Steady world oil consumption would support oil prices in 2017. The change in world consumption is expected to average 1.6% in 2017.

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

    Non-OPEC Crude Oil Production: Will It Impact Oil Prices in 2017?

    Figures from the EIA suggest that non-OPEC crude oil production rose by 350,805 bpd to 44.6 MMbpd in September 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Could Impact Crude Oil Prices

    Libya produced ~1.8 MMbpd of crude in 2007. Civil war and militant attacks on its oil infrastructure caused the fall in Libya’s crude oil production.

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

    How Does Non-OPEC Crude Oil Production Impact Crude Oil Prices?

    The latest figures from the EIA suggest that non-OPEC crude oil production fell 386,600 bpd in August 2016 compared to the previous month.

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

    Why US On-Highway Diesel Fuel Prices Fell for 4th Straight Week

    The EIA reported that US on-highway diesel fuel prices fell 0.37% at $2.41 per gallon on July 11, 2016, compared to the previous week. Prices fell for the fourth straight week.

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

    US On-Highway Diesel Fuel Prices Fell Slightly

    The EIA reported that US on-highway diesel fuel prices fell slightly by 0.12% at $2.42 per gallon on July 4, 2016—compared to the previous week.

    By Gordon Kristopher
  • uploads///us production
    Energy & Utilities

    US Monthly Crude Oil Production: Lowest since September 2014

    The EIA reported that monthly US crude oil production fell by 222,000 barrels per day to 8.9 MMbpd in April 2016—compared to the previous month.

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

    How Are US On-Highway Diesel Fuel Prices Trading?

    The EIA estimates that diesel fuel prices will average $2.34 per gallon in 2016 and $2.69 per gallon in 2017.

    By Gordon Kristopher
  • uploads///diesel
    Macroeconomic Analysis

    US On-Highway Diesel Fuel Prices Hit Fresh 2016 Highs

    The EIA reported that US on-highway diesel fuel prices rose by 0.8% week-over-week and closed at $2.40 per gallon on June 6, 2016.

    By Gordon Kristopher
  • uploads///refinery demand
    Company & Industry Overviews

    Why Didd US Crude Oil Inventories Fall?

    The EIA stated that the US crude oil refinery demand rose by 211,000 bpd to 16.4 MMbpd for the week ending June 3, 2016—compared to the previous week.

    By Gordon Kristopher
  • uploads///EGN Q Post Annotations
    Earnings Report

    Can Energen’s Stock Price Continue Its Post-1Q16 Earnings Rally?

    Energen (EGN) announced its 1Q16 earnings on May 5, 2016. Following its earnings release, a contrarian reaction occurred in which better-than-expected earnings pushed Energen’s stock price down by ~4% in two sessions.

    By Nicholas Chapman
  • uploads///WPX Q Post Annotations
    Earnings Report

    Can WPX Energy Stock Keep Rallying after Its 1Q16 Earnings?

    Since January 2016, WPX Energy stock has been in a new uptrend. It’s clearly making a pattern of higher highs and higher lows.

    By Nicholas Chapman
  • uploads///MRO Q Post Annotations
    Earnings Report

    Can Marathon Oil’s Stock Maintain Its Rally after Its 1Q16 Earnings?

    Marathon Oil (MRO) announced its 1Q16 earnings on May 4, 2016, after the Market closed. On the day of its earnings release, Marathon Oil’s stock price decreased by ~4.9% to close at $12.17.

    By Nicholas Chapman
  • uploads///SM Q Post Annotations
    Earnings Report

    Can SM Energy’s Stock Continue to Rally after Its 1Q16 Earnings?

    SM Energy (SM) announced its 1Q16 earnings on May 3, 2016, after the Market closed. On the day of its earnings release, SM Energy’s stock price fell by 3.68% to close at $29.06 per share.

    By Nicholas Chapman
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Sees a Significant Fall: What’s Next?

    The EIA reported that US crude oil production fell by 113,000 barrels per day to 8.8 MMbpd (million barrels per day) for the week ending April 29, 2016.

    By Gordon Kristopher
  • uploads///DVN Q Post Annotations
    Earnings Report

    Can Devon Energy Continue Rallying after Its 1Q16 Earnings?

    Devon Energy announced its 1Q16 earnings on May 3, 2016, after the market closed. On the day, DVN’s stock price fell by 5.2% to close at $32.75.

    By Nicholas Chapman
  • uploads///crude oil inventory and volaitlty
    Macroeconomic Analysis

    Analyzing Volatility in Crude Oil Prices: What Does It Mean?

    Crude oil prices implied that volatility increased after the release of the US crude oil inventory report during the first two months of 2016.

    By Gordon Kristopher
  • uploads///defcacacdecedaddbfa
    Macroeconomic Analysis

    Why Did Brent Crude Oil Prices Skyrocket to 4-Month High?

    Brent crude oil futures rose by 2.1% to $42.83 per barrel and tested their four-month high. Prices rallied ahead of the oil producer meeting in Doha.

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

    Understanding the Low Level of US Crude Oil Production

    The EIA reported that the weekly US crude production fell by 10,000 bpd to ~9.1 MMbpd in the week ending March 11—the lowest level since November 14, 2014.

    By Gordon Kristopher
  • uploads///net debt to equity
    Miscellaneous

    Upstream Companies’ Leverage: Why It’s a Concern

    Many of the smaller upstream companies (XOP) have become highly leveraged. This increases the possibility of a default or bankruptcy.

    By Rekha Khandelwal, CFA
  • uploads///chnages in world produciton gdp
    Macroeconomic Analysis

    How Global Gross Domestic Product Affects Crude Oil Prices

    The IMF (International Monetary Fund) forecasts that the world economy will grow by 3.4% in 2016 and 3.6% in 2017.

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

    Slowing US Crude Oil Rig Count Could Lift the Oil Market’s Pessimism

    BHI released its weekly crude oil rig count report on February 19. The US crude oil rig count fell by 26 rigs to 413 rigs for the week ending February 19, 2016.

    By Gordon Kristopher
  • uploads///adcfeddaabffeeeeaba
    Macroeconomic Analysis

    Why Crude Oil Prices Fell despite the OPEC and Non-OPEC Deal

    March WTI (West Texas Intermediate) crude oil futures contracts trading in NYMEX fell by 1.4% and settled at $29 per barrel on February 16, 2016.

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

    OPEC’s Unplanned Supply Disruption Impacts Oil Prices

    The fall in supply disruptions from OPEC member nations will add to the global oil market glut. This would extend the bear market and negatively impact oil prices.

    By Gordon Kristopher
  • uploads///dcadcffebeffb
    Macroeconomic Analysis

    Crude Oil Prices Rose for the First Time in the Past Week

    WTI crude oil futures contracts for March delivery rose by 12.3% on February 12. Brent crude oil prices rose by 11% and settled at $33.36 per barrel on the same day.

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

    Crude Oil Prices Follow a Long-Term Trend, Could Hit $25 per Barrel

    Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.

    By Gordon Kristopher
  • uploads///crude oil refinery inputs
    Macroeconomic Analysis

    US Crude Oil Refinery Demand Influenced Crude Oil Prices

    The EIA released its “This Week in Petroleum” report on February 10. The US crude oil refinery demand fell by 105,000 bpd for the week ending February 5, 2016.

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

    US Crude Oil Production Could Become the Biggest Bear in 2016

    Record US crude oil production has pressured crude oil prices while the record oil production of OPEC and Saudi Arabia has dragged prices to historic lows.

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

    Crude Oil Prices Resume the Long-Term Trend

    Crude oil prices fell for the second consecutive day. Prices fell by 11% in the last two days after rising by 25% since January 20, 2016.

    By Gordon Kristopher
  • uploads///Saudi Production
    Macroeconomic Analysis

    Saudi Arabia’s Crude Oil Production: Key for the Global Oil Market

    Preliminary estimates suggest that Saudi Arabia produced more than 10 MMbpd of crude oil in January 2016. Its production peaked at 10.6 MMbpd in June 2015.

    By Gordon Kristopher
  • uploads///US crude oilproduction
    Macroeconomic Analysis

    OPEC Unable to Shut Down US Shale Oil Producers

    The EIA reported that US oil production fell by 17,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) for the week ending November 20, 2015.

    By Gordon Kristopher
  • uploads///Permian
    Macroeconomic Analysis

    Why Did the Permian Basin Lead the Oil Rig Count Fall?

    As of November 25, 2015, there were 555 working oil rigs in the US. The Permian Basin accounts for 214 of these rigs—more than any other region.

    By Alex Chamberlin
  • uploads///Capex
    Company & Industry Overviews

    Comparing Capex Growth for 4 US Upstream Companies

    RSP Permian recorded 4.6% fiscal 3Q15 capital expenditure growth. It spent $403 million on capex in fiscal 3Q15 compared to $385 million in fiscal 3Q14.

    By Alex Chamberlin
  • uploads///Revenues
    Company & Industry Overviews

    Why Did RSP Permian’s Revenues Rise in Fiscal 3Q15?

    RSP Permian registered the highest revenue rise in fiscal 3Q15. It recorded a 47% rise compared to the previous year’s quarter.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Shale Oil Production Up in October: Who Benefited?

    The EIA estimates that the Permian Basin’s crude oil production amounted to ~1.99 MMbpd in October. This is a 14% rise over production in October 2014.

    By Alex Chamberlin
  • uploads///Oil Price and Rigs
    Macroeconomic Analysis

    How WTI Crude Oil Prices Reacted to Oil Rig Fall on November 6

    On November 6, after six US crude oil rigs went off-line, WTI crude oil futures for November expiry closed at $44.29 per barrel—2% lower than the previous day’s close at $45.20 per barrel.

    By Alex Chamberlin
  • uploads///M income and margin
    Earnings Report

    Is EOG Resources Adapting to the Low Oil Price Environment?

    EOG recorded $7.0 billion in net operating revenues for the first nine months of 2015, down 48% from $13.4 billion recorded in the corresponding period of 2014.

    By Alex Chamberlin
  • uploads///USD index
    Macroeconomic Analysis

    How Does the US Dollar Index Influence Crude Oil Prices?

    Crude oil and the US Dollar Index are inversely related. The appreciation of the US dollar will negatively influence crude oil prices.

    By Gordon Kristopher
  • uploads///Supply outage
    Macroeconomic Analysis

    Crude Oil Supply Outage Could Boost Short-Term Crude Oil Prices

    The EIA estimates that the supply outage in OPEC regions averaged 2.8 MMbpd in 2015. In the non-OPEC region, it averaged 0.74 MMbpd in 2015.

    By Gordon Kristopher
  • uploads///crude oil and gasoline price differnce
    Macroeconomic Analysis

    How Long Will Rising Gasoline Prices Support Crude Oil Prices?

    December gasoline futures rose by almost 6% in the past month. However, gasoline prices fell by 30% in the past year due to oversupply concerns.

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

    Will OPEC Initiate a Big Crude Oil Market Rally?

    The preliminary survey from Bloomberg suggests that OPEC’s crude oil production rose slightly by 74,000 bpd to 32.2 MMbpd in October 2015.

    By Gordon Kristopher
  • uploads///Permian
    Macroeconomic Analysis

    Interpreting the Permian Basin Rig Count Decrease as of October 30

    As of October 30, 2015, there were 578 working oil rigs in the United States. The Permian Basin accounts for 222 of these rigs, more than any other region.

    By Alex Chamberlin
  • uploads///US dollar index
    Macroeconomic Analysis

    How Long Will the US Dollar Impact the Crude Oil Market?

    The US Dollar Index rose by 2.1% since October 9. The US dollar is expected to strengthen from the current levels due to diverging monetary policies.

    By Gordon Kristopher
  • uploads///Oil Price and Rigs
    Macroeconomic Analysis

    WTI Crude Oil Prices Rose on Friday as US Rig Count Decreased

    On October 16, WTI crude oil futures for November expiry closed at $47.26 per barrel—a 1% rise from the previous day’s close at $46.38 per barrel.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Shale Oil Production Up in September: Who Benefited?

    Permian shale oil production rose from 845,600 bpd in September 2007 to 2.0 MMbpd in September 2015. That’s a 20% rise over September 2014 and a 135% rise over the past eight years.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Oil Rig Crash Led the Way in Week Ended October 9

    Currently, there are 605 working oil rigs in the United States. The Permian Basin accounts for 230 of these rigs, more than any other region.

    By Alex Chamberlin
  • uploads///Permian rigs
    Macroeconomic Analysis

    Permian Basin Defied the Oil Rig Trend in the September 18 Week

    Currently, there are 644 working oil rigs in the US. The Permian Basin accounts for 250 of these rigs—more than any other region.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Will Concho Resources’ Free Cash Flows Improve?

    Concho Resources’ free cash flows (or FCF), defined as operating cash flows less capital expenditure, have remained negative in the past 13 quarters.

    By Alex Chamberlin
  • uploads///Net DEbt and EBITDA
    Company & Industry Overviews

    Concho Resources’ Debt Has Stayed Range-Bound: A Good Sign

    Concho Resources’ net debt has been steady over the past 13 quarters. In 2Q15, the company’s net debt increased 7.9% from 1Q15 to ~$3.66 billion.

    By Alex Chamberlin
  • uploads///Oil price and rig count
    Macroeconomic Analysis

    How the Weakness in WTI Crude Oil Spread to Oil Rig Counts

    On September 11, Baker Hughes disclosed the US rig count at noon. WTI (West Texas Intermediate) crude oil increased 0.20% to ~$45.03 following the disclosure.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Down Again the Week Ended September 11

    Currently, there are 652 working oil rigs in the United States. The Permian Basin accounts for 248 of these rigs, more than any other region.

    By Alex Chamberlin
  • uploads///Permian rigs
    Macroeconomic Analysis

    The Permian Basin Rig Count Slid Last Week

    In the 12 months ended September 4, 2015, the number of active oil rigs in the Permian Basin fell by 308, or 55%. However, rig counts seem to be turning around.

    By Alex Chamberlin
  • uploads///Net income and margin
    Company & Industry Overviews

    Diamondback Energy’s Net Income Falls after Reaching High in 4Q14

    Diamondback Energy’s 4Q14 adjusted net income of $99 million was the highest it recorded since it went public in 2012.

    By Alex Chamberlin
  • uploads///Quarterly net income and margi
    Earnings Report

    Spotlight on Parsley Energy in 2Q15

    Parsley recorded $77.86 million in net operating revenues, down 5.4% from 2Q14. Lower price realizations decreased revenues, but higher production helped.

    By Alex Chamberlin
  • uploads///OPEC production
    Macroeconomic Analysis

    OPEC Is Sidelined: Is Crude Oil a Free Market Now?

    OPEC (Organization of the Petroleum Exporting Countries) is considered a swing producer of crude oil. It produced 32.107 MMbpd of crude oil in July 2015.

    By Gordon Kristopher
  • uploads///Intraday
    Macroeconomic Analysis

    WTI Crude Oil Prices Are Weak as Oil Rigs Increase

    On Friday, August 21, Baker Hughes (BHI) disclosed the US rig count at noon. WTI (West Texas Intermediate) crude oil remained almost unchanged near ~$40.13.

    By Alex Chamberlin
  • uploads///Adjusted vs estimate EPS
    Earnings Report

    Marathon Oil’s 2Q15 Adjusted Earnings Closely Matched Estimates

    Marathon Oil’s 2Q15 adjusted earnings nearly matched estimates. Its 2Q15 adjusted loss per share was $0.23—compared the estimate of $0.225.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Shale’s July Crude Oil Production Growth Slowest in 2015

    The EIA estimates that the Permian Shale’s July crude oil production was ~2.02 MMbpd, only 0.1% higher than June’s production total. However, this is a 24% increase over production in July 2014.

    By Alex Chamberlin
  • uploads///YTD Net income and margin
    Earnings Report

    EOG Resources’ Questionable Cost Efficiency in 2015

    EOG’s year-to-date net income lost $164.5 million, compared to $1.37 billion net profit one year ago.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Surged Ahead in Week Ending July 10

    Currently, there are 645 working oil rigs in the US. The Permian Basin has 239 of these rigs, more than any other region.

    By Alex Chamberlin
  • uploads///US production July
    Macroeconomic Analysis

    Will the US and Iran Pressure the Crude Oil Market?

    US production and the Iran deal could expand the oil supply in the oversupplied market. This could cause collateral damage to crude oil prices.

    By Gordon Kristopher
  • uploads///Intraday Price
    Macroeconomic Analysis

    Positive Market Sentiments: Rigs Have Likely Bottomed

    On Friday, June 26, Baker Hughes disclosed the US rig count. Crude oil rose 0.25% to $59.64. The rig count held around that level after the announcement.

    By Alex Chamberlin
  • uploads///Returns
    Company & Industry Overviews

    Why EOG Resources Is among the Best Upstream Stocks

    EOG Resources (EOG) has generated above-par returns over a three-year period. EOG returned 91.8% in the last three years, mainly due to its strong performance.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Reverses: Adds 1 Last Week

    Currently, there are 631 working oil rigs in the US. The Permian Basin has 232 of the rigs—more than any other region. Its oil rig count rose by one last week.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin Rig Count Increases Last Week: Is It a Turnaround?

    The oil rig count at the Permian Basin increased by one last week. It marks the first increase after three consecutive drops and the second increase in 26 weeks.

    By Alex Chamberlin
  • uploads///top ten crude oil producers june
    Macroeconomic Analysis

    Crude Oil Prices: Forced by the Powers of Supply and Demand

    OPEC pumps 40% of the world’s crude oil. It exports about 60% of the oil that’s traded globally. This gives OPEC an opportunity to impact the oil market.

    By Gordon Kristopher
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin’s Rig Count Drop Slows: Is a Turn Coming?

    Currently, there are 646 working oil rigs in the US. The Permian Basin has 231 of these rigs—more than any other region. It produces the most crude oil in the US.

    By Alex Chamberlin
  • uploads///Ng Market May
    Macroeconomic Analysis

    Natural Gas Market: Long-Legged Doji Pattern

    Natural gas futures for June delivery showed the long-legged doji pattern on May 15. Prices are fluctuating in an upward range of $2.80–$3 per MMBtu.

    By Gordon Kristopher
  • uploads///ng  month chart may
    Macroeconomic Analysis

    Natural Gas Prices Trade above 100-Day Moving Average May 14

    The bullish momentum suggests natural gas prices could continue this rally and hit the key resistance point of $3.2 per MMBtu. Prices tested this level in January 2015.

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

    Permian Shale Oil Production Rises in April

    On May 11, the EIA released its Drilling Productivity Report. Permian shale oil production was 1.1% higher than March and 30% more than April.

    By Alex Chamberlin
  • uploads///ng  month may
    Macroeconomic Analysis

    Natural Gas Prices Could Trade between $2.70 and $3.20 per MMBtu

    Natural gas prices are fluctuating between $2.70 and $3 per MMBtu. Warmer weather and rising inventories are driving natural gas prices.

    By Gordon Kristopher
  • uploads///P USiNT
    Macroeconomic Analysis

    Last Week’s Biggest Movers in the Upstream and Integrated Subsectors

    In the week to May 8, WTI crude oil gained ~0.5%, while Henry Hub natural gas gained almost 4%. This series will look at how American energy companies fared last week.

    By Manas Chowgule, CFA
  • uploads///Consensus EPS
    Earnings Report

    Continental Resources’ 1Q15 Earnings Exceeded Estimates

    Between 1Q12–1Q15, Continental Resources’ adjusted revenues increased 13%. From 1Q14–1Q15, the company’s adjusted revenues decreased 37%.

    By Alex Chamberlin
  • uploads///ng  month chart May
    Macroeconomic Analysis

    Natural Gas Prices: Below the Key Resistance of $2.90 per MMBtu

    Natural gas prices broke above the key level of $2.80 MMBtu on May 8. Prices could continue the momentum and hit the resistance of $2.90 per MMBtu.

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  • uploads///Consensus EPS
    Earnings Report

    Pioneer Natural Resources’ 1Q15 Earnings Fell Short of Estimates

    Pioneer Natural Resources’ stock declined 2.5% to $159.90 on May 6 following its latest quarter earnings release on May 5. Its share price has gone up by ~8% since January 1.

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