PDC Energy Inc

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  • uploads///cftc new
    Energy & Utilities

    Hedge Funds’ Net Long Positions in WTI Contracts Hit More Lows

    Hedge funds’ net long positions in WTI contracts fell by 36,248 contracts to 120,556 contracts for the week ending July 26, 2016, compared to the previous week.

    By Gordon Kristopher
  • uploads///prod
    Earnings Report

    Apache’s Key Operational Highlights in 1Q16

    Apache Corporation’s (APA) pro forma production volume in 1Q16 was 479,000 barrels of oil equivalent per day, a fall of 20% year-over-year.

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

    These Were Last Week’s Weakest Energy Stocks

    Integrated energy stock YPF Sociedad Anonima (YPF) was the second weakest on our list last week, and midstream stocks Western Gas Partners (WES) and Shell Midstream Partners (SHLX) ranked third and fourth.

    By Rabindra Samanta
  • uploads///EV to EBITDA
    Company & Industry Overviews

    Is PDC Energy Trading at a Premium?

    PDC Energy’s 2015 forward EV-EBITDA multiple is 6.6x. So the sharply lower forward multiple indicates that Wall Street expects PDCE’s EBITDA to improve sharply in 2H15.

    By Alex Chamberlin
  • uploads///crude oil
    Macroeconomic Analysis

    US Crude Oil Prices near 18-Month High: What’s Next?

    US crude oil (BNO) (USO) (UCO) (IEZ) prices are near an 18-month high as of February 6, 2017. The S&P 500, Dow Jones, and NASDAQ are near all-time highs.

    By Gordon Kristopher
  • uploads///anr
    Earnings Report

    What Do Analysts Recommend for PDCE after 1Q16 Results?

    Following PDC Energy’s (PDCE) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

    By Keisha Bandz
  • uploads///oil producers
    Macroeconomic Analysis

    Crude Oil Traders Are Skeptical about OPEC Production Cap Plans

    WTI (West Texas Intermediate) crude oil futures contracts for November delivery fell 1.1% and closed at $50.79 per barrel on October 11, 2016.

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

    Cushing Crude Inventories Could Boost Crude Oil Prices

    Cushing crude oil inventories fell by 276,000 barrels from September 16–23, 2016. A decrease in crude oil inventories at Cushing will support crude oil prices.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Energy & Utilities

    EIA and API Crude Oil Inventories Will Benefit Crude Oil Prices

    The API released its weekly crude oil inventories report on July 6. US crude oil inventories fell by 6.7 MMbbls for the week ending July 1, 2016.

    By Gordon Kristopher
  • uploads///EARNINGS
    Earnings Report

    How Badly Did PDC Energy Miss Analysts’ Estimates in 4Q15?

    PDC Energy (PDCE) reported its 4Q15 earnings on February 22, 2016. The company announced adjusted revenue of ~$168.6 million.

    By Keisha Bandz
  • uploads///Major producers June
    Energy & Utilities

    Iraq Could Extend the Output Cut Deal to December 2018

    On September 19, 2017, Iraq’s oil minister indicated that major producers’ output cut deal would be extended beyond March 2018.

    By Gordon Kristopher
  • uploads///STOCK
    Earnings Report

    Why PDC Energy’s Stock Fell after 1Q16 Earnings

    Following PDC Energy’s (PDCE) 1Q16 earnings release on May 6, 2016, its stock fell 5%.

    By Keisha Bandz
  • uploads///iran
    Miscellaneous

    Iran’s Crude Oil Production Could Help Crude Oil Bulls

    The EIA estimates that Iran’s crude oil production was flat at 3.8 MMbpd (million barrels per day) in March 2017—compared to February 2017.

    By Gordon Kristopher
  • uploads///prod
    Earnings Report

    Inside Chesapeake Energy’s 1Q16 Operational Highlights

    Chesapeake Energy’s total production volume in 1Q16 was 672.4 Mboepd . This represents a YoY rise of ~1%, adjusted for asset sales.

    By Keisha Bandz
  • uploads///image
    Macroeconomic Analysis

    US Crude Oil Imports Impact Inventories

    US crude oil imports fell by 745,000 bpd to 7,405,000 bpd from March 3–10, 2017. Imports fell 9.1% week-over-week and 3.7% year-over-year.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Could Bearish Drivers Halt US Crude Oil Price Recovery?

    June WTI (West Texas Intermediate) crude oil (IXC) (IYE) (USO) futures contracts have risen ~5% from their five-month low as of May 15, 2017.

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

    What Dennis Gartman Thinks about Crude Oil Prices

    November WTI (West Texas Intermediate) crude oil futures’ moving averages suggest that crude oil prices could keep trading higher going forward.

    By Gordon Kristopher
  • uploads///cush
    Miscellaneous

    Cushing Inventories Have Fallen 10% in the Last 10 Weeks

    Cushing crude oil inventories have fallen 10% in the last ten weeks. A better-than-expected fall in Cushing inventories could support US crude oil prices.

    By Gordon Kristopher
  • uploads///WTI prices sept
    Energy & Utilities

    Oil Traders Bet about Crude Oil Prices over the Next 12 Months

    A Bloomberg survey of 15 senior oil traders and executives showed that US crude oil prices could trade at $40–$60 per barrel over the next 12 months.

    By Gordon Kristopher
  • uploads///forcast
    Miscellaneous

    Analyzing Crude Oil Price Forecasts for 2Q17

    A market survey of 31 banks shows that US WTI crude oil prices could average $54.5 per barrel in 2Q17. In 2Q17, prices could break the February 2017 high.

    By Gordon Kristopher
  • uploads///Gasoline inventory
    Energy & Utilities

    US Gasoline Inventories: Will Crude Oil’s Rally Be Short-Lived?

    US gasoline inventories rose for the fourth straight week. The inventories are 8.5 MMbbls or 4% higher than the five-year average.

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

    Reality Check: Major Oil Producers’ Output Cut Plans

    Crude oil prices have risen ~15% since November 2016 due to the expectation that major oil producers’ production cuts would curb oversupply in the market.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    OPEC’s Crude Oil Production: Key for Crude Oil Traders?

    A Bloomberg survey estimates that OPEC’s crude oil production rose by 315,000 bpd to 32.21 MMbpd in May 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Latest Aug
    Energy & Utilities

    Crude Oil: Price Forecasts and Hedge Funds’ Position

    Hedge funds increased their net long positions in US crude oil futures and options by 43,861 contracts or 18.4% to 282,362 contracts on July 25–August 1.

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

    Producers’ Production Cut Deal: Will the Extension Happen?

    Crude oil (IEZ) (RYE) (USO) (XOP) prices rose ~16% between November 15, 2016, and March 6, 2017, due to major oil producers’ production cut deal.

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

    US Crude Oil Production Hit a 13-Month High

    US crude oil production is at the highest level since February 2016. The rise in crude oil production pressured crude oil prices on March 8, 2017.

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

    Why US Crude Oil Production Hit a 5-Week Low

    The US Energy Information Administration (or EIA) released its “Weekly Petroleum Status Report” on October 12. It estimates that US crude oil production fell by 81,000 bpd (barrels per day).

    By Gordon Kristopher
  • uploads///ung
    Macroeconomic Analysis

    UNG Mirrored Natural Gas Last Week while XOP Remained Flat

    UNG shares trade on the NYSE like a company stock. They gained 9.09% last week.

    By Keisha Bandz
  • uploads///ung
    Macroeconomic Analysis

    UNG Mirrors Natural Gas as XOP Disappoints This Week

    UNG shares trade on the New York Stock Exchange like company stock. UNG fell just 0.41% between September 18 and September 24.

    By Keisha Bandz
  • uploads///Saudi Arabia
    Energy & Utilities

    Will Saudi Arabia Remove Excess Oil from the Market?

    Saudi Arabia is expected to cut exports 10% to North Asian refiners in September 2017 due to OPEC’s production cut deal.

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

    Is the US Crude Oil Bull Market Sustainable?

    Brent crude oil futures closed at $57.54 per barrel on September 29, 2017. Some OPEC officials think that $60 per barrel for crude oil isn’t sustainable.

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

    Energy Calendar for Crude Oil and Natural Gas

    All of the events on the energy calendar influence crude oil and natural gas prices. Uncertainty in the prices can impact oil and gas producers’ earnings.

    By Gordon Kristopher
  • uploads///dxy
    Miscellaneous

    US Dollar Hit a 7-Month Low: Where Are Crude Oil Bulls?

    The US Dollar Index fell 0.6% to 96.6 on June 2, 2017—the lowest level in seven months. The US dollar fell due to a lower rise in US jobs in May 2017.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    Natural Gas Fund a Better Trade Than Natural Gas This Week

    Natural gas futures fell 1.2% this week. For retail investors who don’t have easy access to the futures market, there are safer, low-cost avenues to bet on natural gas.

    By Keisha Bandz
  • uploads///OPEC monthly crude oil production
    Macroeconomic Analysis

    OPEC’s Crude Oil Production Hit a Record

    OPEC’s crude oil production rose by 236,700 bpd (barrels per day) to 33,643,000 bpd in October 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///oil producers
    Energy & Utilities

    Why Did Brent and WTI Crude Oil Prices Hit Monthly Lows?

    US benchmark WTI (West Texas Intermediate) crude oil futures contracts for May delivery fell by 3% and closed at $35.7 per barrel on April 4, 2016.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Miscellaneous

    Why US Gasoline Inventories Rose for the Third Straight Week

    A less-than-expected rise in gasoline inventories supported gasoline prices on May 3, 2017. Gasoline and crude oil (DIG) (SCO) (VDE) prices rose on May 3.

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

    Could Major Oil Producers’ Production Cut Extend to 2H17?

    Crude oil prices rose between November 15 and December 28, 2016, due to the expectation that major oil producers’ production cuts would curb oversupply.

    By Gordon Kristopher
  • uploads///ung
    Macroeconomic Analysis

    Natural Gas Rises Last Week: UNG Up, but XOP Stays Flat

    The United States Natural Gas ETF (UNG) tracks prompt natural gas futures. UNG shares rose 0.88% between September 4 and September 10.

    By Keisha Bandz
  • uploads///us crude oil stocks
    Energy & Utilities

    Could Iran Influence the Crude Oil Market?

    On August 23, Reuters reported that Iran showed interest in joining major oil producers’ meeting meant to freeze output and support crude oil prices.

    By Gordon Kristopher
  • uploads///crude oil peak and lows Oct
    Macroeconomic Analysis

    US Crude Oil Prices Trading near 15-Month High: What’s Next?

    November WTI (West Texas Intermediate) crude oil futures contracts rose 0.8% and were trading at $50.32 per barrel in electronic trade at 5:25 AM EST on October 18, 2016.

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

    Will OPEC’s Meeting Disappoint Crude Oil Traders?

    Goldman Sachs predicts that oil (USO) (DWT) prices might fall quickly if there’s any disappointing announcement in OPEC’s meeting.

    By Gordon Kristopher
  • uploads///distillate inventory
    Miscellaneous

    US Distillate Inventories and Crude Oil Price Forecasts

    The EIA reported that US distillate inventories rose by 0.3 MMbbls to 151.4 MMbbls on June 2–9, 2017. Inventories rose for the third straight week.

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

    Will US Crude Oil Prices Stay above $50 per Barrel?

    WTI crude oil prices have fallen almost 12.0% year-to-date due to the rise in production for the United States, Libya, Nigeria, Brazil, and Canada in 2017.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya, Iran, and Nigeria Could Impact Crude Oil Prices in 2017

    Libya’s crude oil production   On December 20, 2016, Libya’s National Oil Corporation reported that pipelines leading from the Sharara and El Feel fields were reopened. The pipelines were closed for two years due to militant attacks. The pipelines are expected to add 270,000 bpd (barrels per day) of crude oil supply over the next three months. The […]

    By Gordon Kristopher
  • uploads///US production
    Miscellaneous

    US Crude Oil Production Is near August 2015 High

    The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 13,000 bpd (barrels per day) to 9,265,000 bpd on April 14–21.

    By Gordon Kristopher
  • uploads///debt
    Miscellaneous

    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.

    By Keisha Bandz
  • uploads///stock
    Earnings Report

    Volatility Is the Word of the Year for Noble Energy’s Stock

    Noble Energy’s stock has been volatile for most of 2016. Year-over-year, its stock has fallen ~5%. Natural gas prices have risen ~34% in the same period.

    By Keisha Bandz
  • uploads///oil production
    Macroeconomic Analysis

    OPEC versus US Crude Oil Production: Impact on Oil Prices

    March WTI (West Texas Intermediate) crude oil (XLE) (USL) (UCO) futures contracts fell 1.7% and closed at $52.93 per barrel on February 13, 2017.

    By Gordon Kristopher
  • 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///ng consumption
    Macroeconomic Analysis

    Natural Gas Consumption Rose 5.1% in the Week Ended May 8

    Last week, total US natural gas consumption increased by 5.1% week-over-week. Consumption increased by 0.8% compared to last week in the residential and commercial sectors.

    By Keisha Bandz
  • uploads///oil and price inventory
    Macroeconomic Analysis

    EIA’s Crude Oil Inventories Could Surprise Oil Traders

    On February 22, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.88 MMbbls from February 10–17.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    Week Ending October 1: UNG Disappoints, XOP a Better Bet

    The United States Natural Gas ETF (UNG) tracks natural gas futures and trades on the NYSE. Notably, UNG fell by 7.53% between September 25 and October 1.

    By Keisha Bandz
  • uploads///oil producers
    Macroeconomic Analysis

    What to Expect from the Oil Producer Meeting in Doha

    Qatar has invited all the OPEC members and other major producers to a meeting on April 17, 2016.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    US Crude Oil Production Near 2-Year High

    The EIA reported that US crude oil production rose 59,000 bpd to 9.4 MMbpd between June 30, 2017, and July 7, 2017.

    By Gordon Kristopher
  • uploads///OPEC
    Macroeconomic Analysis

    OPEC’s Crude Oil Production Fell Again

    A Bloomberg survey estimates that OPEC showed 104% compliance with targeted production cuts in February due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///Oil prices
    Energy & Utilities

    Will US Crude Oil Futures Test a 3-Year High?

    US crude oil (USO) futures hit $60.73 per barrel in early morning trade on January 2, 2018—the highest level since June 2015.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    UNG Fell but XOP Spiked in the Week Ending August 27

    UNG shares trade on the New York Stock Exchange like company stock. UNG fell 1.1% between August 21 and August 27.

    By Keisha Bandz
  • uploads///US gasoline demand
    Energy & Utilities

    Strong US Gasoline Demand Supports Gasoline and Crude Oil Prices

    The EIA reported that the four-week average US gasoline demand fell by 6,000 bpd (barrels per day) to 9,770,000 bpd from August 5–12, 2016.

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

    Crude Oil Futures: What Could Drive Volatility This Week?

    US crude oil (DWT) (UCO) futures hit $58.95 per barrel on November 24, 2017—the highest level in nearly three years.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    UNG and XOP Fell in the Week Ending August 28

    One safer and low-cost avenue for betting on natural gas prices is the United States Natural Gas Fund (UNG), an ETF that tracks prompt natural gas futures.

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

    Will China’s Crude Oil Imports Rise in 2018?

    China’s crude oil imports increased 10% to 8.4 MMbpd (million barrels per day) in 2017 from 2016, according to China’s General Administration of Customs.

    By Gordon Kristopher
  • uploads///anr
    Earnings Report

    Most Analysts Rate PDC Energy a ‘Buy’ ahead of 4Q15 Earnings

    In the weeks leading up to PDC Energy’s (PDCE) earnings release for the fourth quarter of 2015, Wall Street analysts provided target prices for the next 12 months.

    By Keisha Bandz
  • uploads///gasoline inventory
    Miscellaneous

    US Distillate Inventories Fell for the Tenth Straight Week

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2 MMbbls to 148.3 MMbbls on April 7–14, 2017.

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

    US Crude Oil Production Is Steady

    The EIA estimates that the US crude oil output was steady at 11 MMbpd on July 13–20. The production was steady for the second consecutive week.

    By Gordon Kristopher
  • uploads///Russia
    Miscellaneous

    Could Russia’s Crude Oil Production Help Crude Oil Bulls?

    Russia’s crude oil production is down ~179,000 bpd (barrels per day) from 11.23 MMbpd in October 2016 due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///gasoline demand
    Energy & Utilities

    Crude Oil Futures Rose Due to Record Gasoline Demand

    September WTI (West Texas Intermediate) crude oil futures contracts rose 0.87% to $49.59 per barrel on August 2, 2017.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    Mixed Performance for Natural Gas ETFs in Week Ended October 29

    For retail investors who don’t have easy access to the futures market, there are other safer low-cost avenues for betting on natural gas prices.

    By Keisha Bandz
  • uploads///crude oil inventories
    Macroeconomic Analysis

    US Crude Oil Inventories Hit a New All-Time High

    April West Texas Intermediate crude oil (ERX) (USO) (UCO) futures contracts were flat at $54.45 per barrel in electronic trading at 12:40 AM EST on February 24, 2017.

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

    Oil Bears Track OECD’s Crude Oil Inventories

    The EIA estimates that OECD’s oil inventories rose by 2.5 MMbbls to 2.98 MMbbls in September 2017—compared to August 2017.

    By Gordon Kristopher
  • uploads///zbynek burival  unsplash
    Energy & Utilities

    What’s Causing Oasis Petroleum’s Stock Rise?

    Oasis Petroleum (OAS) stock rose significantly in the run-up to the company’s Q1 2018 earnings release in early May, which didn’t disappoint.

    By Keisha Bandz
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Fell for the Third Time in 10 Weeks

    US distillate inventories fell by 3.8 MMbbls or 2.7% to 139.2 MMbbls on January 5–12, 2018. The inventories fell by 29.9 MMbbls or 18% from a year ago.

    By Gordon Kristopher
  • uploads///distillates
    Macroeconomic Analysis

    US Distillate Inventories Are near a 7-Year High

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 0.7 MMbbls to 170.1 MMbbls from February 3–10, 2017.

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

    What US Crude Oil Production’s 26-Month High Could Mean

    On September 27, 2017, the EIA estimated that US crude oil production rose 37,000 bpd (barrels per day) to ~9.5 MMbpd from September 15–22, 2017.

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

    How US Crude Oil Production Affects Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US crude oil production rose 14,000 bpd (barrels per day) to 8,464,000 bpd between October 7 and October 14, 2016.

    By Gordon Kristopher
  • uploads///UNG
    Macroeconomic Analysis

    UNG Mirrors Natural Gas, XOP Rises Last Week

    UNG fell 1.49% between September 11 and September 17, mirroring natural gas prices throughout the week and giving similar returns at the end of our weekly cycle.

    By Keisha Bandz
  • uploads///OPEC production
    Macroeconomic Analysis

    OPEC’s Monthly Oil Market Report Is Negative for Oil Prices

    OPEC released its Monthly Oil Market Report on October 12. It reported that OPEC’s crude oil production rose by 220,000 bpd to 33.39 MMbpd in September.

    By Gordon Kristopher
  • uploads///supply outage
    Miscellaneous

    Will Global Crude Oil Supply Outages Support Crude Oil Prices?

    Global crude oil supply outages rose 12.9% month-over-month, but fell 10% YoY. The rise in outages could have a positive impact on crude oil prices.

    By Gordon Kristopher
  • uploads///Earnings
    Earnings Report

    How Did PDC Energy’s 1Q16 Earnings and Revenue Look?

    PDC Energy (PDCE) reported its 1Q16 earnings on May 6, 2016. The company announced adjusted revenue of ~$147 million.

    By Keisha Bandz
  • uploads///ung
    Macroeconomic Analysis

    Week Ending October 8: UNG, Natural Gas Up, but XOP a Winner

    The United States Natural Gas ETF (UNG), which tracks prompt natural gas futures, rose by 1.4% between October 2 and October 8, 2015.

    By Keisha Bandz
  • uploads///OPEC
    Miscellaneous

    OPEC’s Crude Oil Exports: Bullish or Bearish for Traders?

    Reuters estimates that OPEC’s crude oil exports rose by 450,000 bpd to 25.92 MMbpd in June 2017—compared to the previous month.

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

    China’s Oil Imports Hit the Second-Highest Level in November

    China’s crude oil imports rose by ~1,710,000 bpd (barrels per day) or 24% to ~9,010,000 bpd in November 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Capex
    Company & Industry Overviews

    Will PDC Energy Decrease Its 2015 Capex?

    Barring 4Q12 when capex had a sudden spurt, PDCE’s capex in the past 13 quarters has been steady with an upward bias.

    By Alex Chamberlin
  • uploads///PROD
    Earnings Report

    PDC Energy’s 2Q16 Operational Highlights

    PDC Energy’s (PDCE) total production volume in 2Q16 was ~57.1 Mboepd (thousand barrels of oil equivalent per day).

    By Keisha Bandz
  • uploads///Net Income
    Company & Industry Overviews

    PDC Energy’s 2Q15 Net Income Plummets after Spiking in 4Q14

    In 2Q15, PDC Energy recorded a $47 million adjusted net loss. In 1Q15, it recorded $17 million in net income. Its 4Q14 net income of $132 million was the highest in the past 13 quarters.

    By Alex Chamberlin
  • uploads///PROD
    Earnings Report

    Why PDC Energy’s Production Strategies Have Helped Cash Flows

    On January 20, 2016, PDC Energy (PDCE) announced that its production in fiscal 2015 was ~15.4 MMboe (million barrels of oil equivalent).

    By Keisha Bandz
  • uploads///gas demand
    Macroeconomic Analysis

    Why Are Traders Tracking Gasoline Demand?

    The EIA estimated that four-week average US gasoline demand fell by 39,000 bpd (barrels per day) to 8,222,000 bpd from January 20–27, 2017.

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

    Will US Crude Oil Production Undermine Crude Oil Futures?

    According to the EIA, US crude oil production increased by 28,000 bpd (barrels per day) to 9,782,000 bpd on December 22–29, 2017.

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

    US and OECD’s Crude Oil Inventories Could Impact Oil’s Price Rally

    US crude oil inventories decreased by 1.1 MMbbls to 411.6 MMbbls on January 12–19, 2018. They also fell ~12% in 2017.

    By Gordon Kristopher
  • 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///gasoline
    Energy & Utilities

    Large Drop in US Gasoline Inventories Helped Oil Futures

    US gasoline production decreased 0.4% to 10.3 MMbpd (million barrels per day) on July 13–20. The production decreased 1.3% from a year ago.

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

    Last Week’s Biggest Losses among Energy Stocks

    Between April 20 and April 27, oilfield services stock Ensco (ESV) fell the most on our list of energy stocks.

    By Rabindra Samanta
  • uploads///PDCE stock
    Energy & Utilities

    PDC Energy’s Performance: What Happened to the Stock in 2017?

    We’ll now look at PDC Energy’s (PDCE) stock performance compared to the broader energy sector, the broader market, and energy prices.

    By Keisha Bandz
  • uploads///gasoline inventories
    Energy & Utilities

    US Gasoline Inventories: More Concerns for Oil in 2018?

    US gasoline inventories rose by 4.1 MMbbls (million barrels) to 237.3 MMbbls between December 29, 2017, and January 5, 2018.

    By Gordon Kristopher
  • uploads///Oil forecast Dec
    Energy & Utilities

    Investment Banks’ Estimates for Crude Oil Prices in 2018

    WTI crude oil (USL) prices are at their 30-month high. The US benchmark also opened above $60 per barrel in January for the first time since 2014.

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

    US Crude Oil Inventories Have Fallen ~10.6% in 2017

    February WTI crude oil futures (DWT)(SCO) contracts rose 0.8% to $60.3 per barrel at 12:45 AM EST on December 29, 2017—the highest level since June 2015.

    By Gordon Kristopher
  • uploads///supply outage
    Energy & Utilities

    Global Crude Oil Supply Outage Is near 2012 Low

    According to the EIA, global crude oil supply outages fell by 10,000 bpd (barrels per day) or 0.7% to 1,555,000 bpd in November 2017.

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

    Cushing Inventories: Largest Weekly Fall since 2009

    Cushing inventories fell by 3,317,000 barrels to 52.2 MMbbls (million barrels) on December 1–8, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///peers comp
    Company & Industry Overviews

    Where Whiting Petroleum Stands Next to Peers

    Whiting Petroleum’s (WLL) forward EV-to-EBITDA multiple of ~5.4x is mostly in line with the peer average of 5.5x.

    By Keisha Bandz
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