PetroChina Co Ltd
Why More than Half of Analysts Rate BP as a ‘Hold’
Analysts’ ratings for BP show that 31% of those surveyed rate it as “buy.” Another 62% rate it as a “hold,” and 7% of analysts rate it as a “sell.”
Assessing ExxonMobil’s Leverage Position
ExxonMobil’s net debt-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) ratio stood at 1.7x in 4Q16, lower than the average industry ratio of 2x.
Total Stock Is Up 4% in Q3 2018 despite Oil’s Fall
Total stock has risen 4% in the third quarter so far despite the fall in oil prices. WTI has fallen 6% in the current quarter.
How Has Shell’s Stock Performed ahead of Its 4Q16 Earnings?
On January 20, 2016, Shell began recuperating from the falls it had experienced in the previous year. Shell has risen 49% since January 20, 2016.
Analyst Recommendations for Total: Majority Says ‘Buy’
Five of the seven firms covering Total (TOT) have rated it a “buy” or “outperform.”
Iran Could Become OPEC’s Leading Natural Gas Producer
The market is expecting that after the ban is lifted, Iran will be the leading natural gas producer in OPEC. The cartel has been led by Saudi Arabia.
Suncor’s Short Interest before Its Q4 Earnings
The short interest in Suncor Energy (SU) has risen from 0.28% on October 1 to the current level of 0.70%.
How Did BP’s 2Q16 Earnings Stand up to Analyst Estimates?
BP reported its 2Q16 earnings on July 26. Its revenues missed analyst estimates by 4%. It reported a loss of $0.46 in EPS, but adjusted EPS stood at $0.23.
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.
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.
Us Dollar Hits Monthly Highs and Weighs on Oil Prices
The US dollar began 2016 on a bullish note and was trading at 99.5 levels in the early hours of trade on January 6. Crude prices began 2016 on a bearish note.
Key Bearish Factors for Crude Oil Prices
Crude oil prices have rallied more than 40% since the lows reached in February 2016. Traders could square off their long positions as part of profit-booking.
Russia’s Debt Reaches $100 Billion with Oil Market Turmoil
Russia’s debt, which is around $90 to $100 billion, is the collateral damage of the oil prices.
BP Trades above the Peer Average
Currently, BP trades at a forward PE ratio of 10.7x, which is above its peer average of 10.6x.
Who will drive crude oil consumption?
Current lower oil prices and growth from China, India, the United States and Asia Pacific countries will drive crude oil consumption in the long term.
Performance of Companies in Energy, Mining Sectors on September 16
The companies in the energy sector fell on Friday, September 16. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) fell ~1.6% and ~1.5%, respectively.
Why China’s slowing consumption demand is an important threat
Real estate and construction are the two important drivers of China’s economic growth. They account for more than 20% of China’s gross domestic product (or GDP) when you also factor in cement, steel, chemicals, furniture and other related industries.
The SSE Composite Index’s Performance since the Fed Rate Hike
The SSE Composite Index rose after the US Federal Reserve decided to raise the interest rate by 25 basis points. From December 9–16, 2015, the index rose 1.3% and closed at 3,516.2 points on December 16.
An overview of Schlumberger Drilling group’s 4Q14 earnings
Schlumberger’s Drilling group comprises Bits & Advanced Technologies, M-I SWACO, Geoservices, Drilling & Measurements, Drilling Tools & Remedial, and Integrated Project Management.
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.
OPEC and Russia: More Negative Forces for Crude Oil Market
The EIA reported that OPEC’s crude oil production rose by 510,000 bpd (barrels per day) to 32.7 MMbpd (million barrels per day) in June 2016.
Why BP Stock Is on the Rise This Quarter
BP (BP) stock has risen by 5.9% in 4Q17 so far. Total (TOT) and Statoil (STO) have risen by 2.2% and 0.7%, respectively, during this timeframe.
Shell’s Stock Has Risen 16% since September 2016
Shell’s stock had a weak opening to 2016. It traded below its 50-day and 200-day moving averages at the beginning of the year. Its share price touched a trough on January 20, 2016.
XOM Stock Has Risen 5% since September 2016
Crude oil prices have witnessed an uptrend in 2016, recovering from their downfall in 2015. Prices saw weakness in mid-August 2016, but since September 20, 2016, they’ve risen 22%.
China’s Crude Oil Production: A Game Changer in 2016?
China’s crude oil production could fall by 3%–5% in 2016. The fall in China’s crude oil production would be substituted by the rise in China’s crude oil imports.
Why Chevron Is Trading at a Premium
In the previous part of this series, we discussed Chevron’s (CVX) short interest changes. In this part, we’ll consider CVX’s forward valuation compared to its peers’.
SSE Composite Index Falls despite China’s New IPO System
The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.
Overview: What is Pipelineistan?
As percentages of the worlds’ total reserves, Russia holds 45% of the gas, 23% of the coal, 14% of the uranium, and 13% of the oil. Currently, Russia is the world’s largest energy supplier.
Analyzing AQMIX’s Investment Methodology
As of December 10, 2015, AQMIX has a price-to-dividend yield of 3.9%. AQMIX’s three-year Sharpe ratio, a popular measure of risk, is 0.92%.
Is the Supply Side of the Crude Oil Market Rebalancing?
Citigroup estimates that global crude oil supply outages could currently be around 3.5 MMbpd (million barrels per day).
Has Chevron’s Stock Value Risen since September?
Since January 20, 2016, integrated energy stocks have been recuperating from the falls they experienced in 2015. Chevron (CVX) has risen 49% during this time.
Alternative Mutual Funds: A Structural Analysis of AQMIX
AQMIX is an alternative mutual fund that invests in long and short positions across global equities, fixed income, currencies, and commodities.
How ExxonMobil’s Stock Returns Compare to Oil and Market Returns
XOM has agreed to acquire PT Federal Karyatama, one of Indonesia’s largest motorcycle lubricant manufacturers.
Non-OPEC Crude Oil Production Impacts Crude Oil Prices
Non-OPEC crude oil production averaged 56.1 MMbpd in 2014, according to EIA sources in its April 2016 Short-Term Energy Outlook report.
Lower Oil Prices: BP Stock Has Fallen 18% in Q4 2018
So far, BP stock has fallen 18% in the fourth quarter due to the fall in oil prices. WTI, the benchmark oil, has fallen 34% in the fourth quarter.
Energy and Base Metal Sectors Fell on November 11
The companies in the energy sector were weaker on November 11. The major ETFs related to the energy sector such as USO and DBO fell 2.6% and 2.7%.
China’s December Exports and Imports Were Better than Expected
According to China’s General Administration of Customs, China’s exports fell 1.4% year-over-year in December 2015, compared to a fall of 6.8% in November.
Why Has Short Interest in ExxonMobil Fallen?
Short interest in ExxonMobil (XOM) expressed as a percentage of its outstanding shares has fallen 0.06% since January 30, 2018, to its current level of 0.81%.
Crude Oil Prices Slide Back from Key Resistance Level
The EIA (U.S. Energy Information Administration) estimates that WTI crude oil prices could average $51 per barrel and Brent crude oil prices could average $56 per barrel in 2016.
Total’s Forward Valuation: Peer Comparison
In the previous part of this series, we discussed Total’s historical valuation trends. Now we’ll compare its forward valuation with that of its peers.
Why Petrobras engages in certain production agreements
Petrobras (PBR) explores, develops, and produces energy through three kinds of agreements in Brazil—the Concession agreement, the Assignment agreement, and the Production Sharing agreement.
Crude Oil Strong on July 1 despite Increase in Oil Rig Count
Although crude oil started the day on a weaker note, it regained strength on Friday, July 1. Baker Hughes reported that the oil rig count increased for the fourth time in the past five weeks, adding 11 new rigs to reach 341 rigs.
Manufacturing Growth in China Stalled in April: FXI down 1.25%
Manufacturing growth in China stalled in April, after rising in March. According to the National Bureau of Statistics’ report, China’s PMI held steady at 50.10 in April.
What Are the Long-Term Crude Oil Price Forecasts?
The IMF (International Monetary Fund) forecasts that crude oil prices (Intercontinental Exchange Brent, Dubai, and West Texas Intermediate crude oil prices) could average around $45.30 per barrel in 2020.
Analyzing Chevron’s Stock Returns
Oil prices have been volatile in the past month. From September 24 to October 3, oil prices rose 6.0% due to lower oil exports from Iran.
Chevron Stock Fell 2.4% Due to 4Q16 Earnings Miss
Chevron (CVX) announced its 4Q16 results on January 27, 2017. The stock received a weak opening on the day. Chevron opened at $113.5 per share.
As BP Readies Its 3Q Report, How Has Its Stock Performed?
The correlation coefficient of BP’s stock versus WTI (West Texas Intermediate) for the 12-month period stands at 0.65.
How Does Shell’s Price-To-Earnings-To-Growth Ratio Compare?
Shell’s price-to-earnings-to-growth ratio In this part, we’ll compare Royal Dutch Shell’s (RDS.A) PEG (price-to-earnings-to-growth) ratio with its peers’. We’ve considered the mean estimated PEG ratio, which depicts a stock’s valuation after factoring in the expected future growth rate. Usually, with everything else being equal, a PEG ratio lower than one signifies an undervalued stock. Shell’s […]
Why Short Interest in BP Stock Has Dropped
BP (BP) has witnessed a fall in its short interest (the percentage of outstanding shares) from 0.6% at the end of May to its current level of 0.2%.
Suncor: Analysts’ Recommendations
Among the 12 analysts covering Suncor Energy stock, 11 recommended a “buy” or “strong buy,” while one recommended a “hold.”
Crude Oil Prices Test Key Psychological Level
Crude oil is trading close to the psychological mark of $30 per barrel, but the appreciating dollar and record supplies are putting pressure on oil prices.
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its Aid
Royal Dutch Shell stock has risen 6% in the first quarter of 2019 led primarily by a recovery in oil prices and a rise in equity markets.
ExxonMobil’s Stock Price Forecast until December 31
ExxonMobil’s stock price could close between $82.1 per share and $71.8 per share for the 35-day period ending on December 31.
How Chevron Stock Has Performed ahead of 2Q17 Earnings
In the previous part of this series, we considered Chevron’s (CVX) segmental outlook for 2Q17. Now, we’ll examine Chevron’s stock performance ahead of its 2Q17 results.
What ExxonMobil’s Moving Averages Suggest ahead of Earnings
On April 3, 2017, ExxonMobil’s (XOM) 50-day moving average was below its 200-day moving average.
Is the Gap between BP’s Moving Averages Expanding?
In the second quarter of 2017, BP reported the start-up of two of its major upstream projects, West Nile Delta and Quad 204.
How the strengthening US dollar is impacting crude oil prices
The US dollar plays a major role in the price movements of commodities such as gold and crude oil. A strengthening US dollar is often seen as negative.
Why world economic growth impacts crude oil prices
World economic growth will boost oil consumption, and the demand for crude oil will increase. This will lead to higher crude oil prices in the long term.
What to Expect from Suncor Stock in the Next Month
Implied volatility in Equinor (EQNR) has risen by 1.5 percentage points over April 1, 2019, to the current level of 27.3%.
Chevron Stock Recovers in June, Valuation Stays Tall
In the second quarter, Chevron (CVX) stock has risen 1% due to a 10% recovery in June. The company’s peers have put up a mixed performance in the second quarter.
Forecasting Total’s Stock Direction This Quarter
Since April 1, Total’s (TOT) implied volatility has risen by 2.4 percentage points to 19.0%, while its stock price has fallen 2.0%.
What You Need to Know about the World’s Largest Oil Companies
Based on market capitalization, ExxonMobil (XOM) is the world’s largest publicly listed oil and gas company.
BP’s Stock Price Forecast Range after Its Q1 Earnings
BP (BP) posted its first-quarter earnings, which beat analysts’ earnings expectation. The stock reacted positively to the news.
Will BP Pay a Higher Dividend in Q2?
BP (BP) released its first-quarter earnings results on April 30. It paid $1.4 billion in dividends in the first quarter.
What Is CVX’s Price Forecast Range following Its Q1 Results?
Chevron’s (CVX) first-quarter earnings fell due to its lower Upstream and Downstream earnings.
What’s Total’s Price Forecast?
Total (TOT) announced its first-quarter earnings on April 26, 2019.
How Will Chevon’s Dividend Payment Trend in Q2?
Chevron (CVX) released its first-quarter earnings on April 26. The company paid $2.2 billion in dividends in the first quarter.
Shell: Where Wall Street Ratings Stand ahead of Earnings
Royal Dutch Shell (RDS.A) is slated to post its first-quarter earnings on May 2, 2019. In this post, we’ll assess analyst ratings for Shell ahead of its earnings release.
What’s the Forecast for Total Stock ahead of Q1 Earnings?
Implied volatility in Total has fallen by 8.0 percentage points since January 2 to 18.5%.
Short Interest in BP Surges ahead of Its Q1 Results
Short interest in BP (BP) has risen by 0.04 percentage points since March 12, 2019, to its current level of 0.20%.
Has BP Stock Risen ahead of Its Q1 Earnings Release?
BP’s (BP) earnings are expected to fall in the first quarter driven by lower upstream and weaker downstream earnings.
Why Has Chevron Stock Surged ahead of Its Earnings?
In this article, we’ll review Chevron’s (CVX) performance ahead of its first-quarter earnings release.
What’s ExxonMobil Stock Price Forecast until March 29?
The implied volatility in ExxonMobil stock has fallen by 12.0 percentage points since January 2 to the current level of 18.1%.
Why Suncor Stock Is Trading at High Valuations
Suncor Energy (SU) is trading at a forward PE multiple of 17.3x, higher than the peer average of 13.1x.
Chevron’s Stock Price Range Forecast until March 29
Chevron’s stock price could close between $129.0 and $121.7 per share in the next 14 calendar days ending on March 29.
Analyzing Chevron’s Stock Price Forecast after Its Q4 Earnings
Chevron’s stock price could close between $121.2 and $115.5 per share in the seven days ending February 8.
ExxonMobil’s Stock Price Forecast after Its Q4 Earnings
ExxonMobil’s stock price could close between $77.7 and $74.2 per share in the seven days ending February 8.
Suncor’s Stock Price Range Forecast until Its Q4 Earnings
Suncor is expected to post its fourth-quarter earnings on February 5. The price range forecast will be based on the current implied volatility.
What’s the Forecast for Total Stock ahead of Its Q4 Results?
In this article, we’ll look at Total’s (TOT) stock price forecast range, based on its implied volatility, for the 16 days leading up to its earnings.
What’s Total Stock’s Price Forecast until the End of the Quarter?
Implied volatility in Total has risen by 8.1 percentage points over October 1, 2018, to the current level of 27.2%.
What Total’s Moving Averages Suggest
In the previous part, we saw that Total (TOT) stock has fallen 21% in the current quarter.
Total Stock Has Fallen 21% This Quarter
Total (TOT) stock has fallen 21% in the fourth quarter so far.
What to Expect from Shell Stock by the End of 2018
The implied volatility in Royal Dutch Shell (RDS.A) has risen by nine percentage points compared to October 1 to the current level of 26%.
Chevron’s Implied Volatility and Price Range
The implied volatility in Chevron has risen by 6.3 percentage points since September 24 to 22.9%. Chevron stock has fallen 4.4%.
Total: Has the Short Interest Risen?
The short interest in Total (TOT) has risen 0.05% since July 2, the beginning of the third quarter, to the current level of 0.10%.
Shell’s 50-Day and 200-Day Moving Averages Are Equal
An additional fall in Shell stock could lead to a fall in its 50-day moving average, which could break below its 200-day moving average.
The Forecast for Chevron Stock through the End of the Quarter
Implied volatility in Chevron (CVX) has fallen 4.8 percentage points since July 2 to the current level of 17.1%.
Why Chevron’s 50-DMA Is Only 0.8% above Its 200-DMA
In the first quarter, Chevron’s 50-DMA (day moving average) declined, led by the fall in its stock, which was impacted by weaker markets.
Oil Prices Fall: BP Stock Down 7% in Current Quarter
BP (BP) stock has fallen 7% so far in the third quarter, mainly due to a fall in the price of oil.
What’s BP Stock’s Forecast Range following Its Q2 2018 Earnings?
BP reported its earnings results on July 31. On the day, its implied volatility fell 4.3 percentage points to 16.5%.
Forecasting ExxonMobil’s Stock Price Up until Its Q2 Release
In this part, we’ll forecast ExxonMobil’s (XOM) stock price based on its implied volatility up until its earnings release, which is slated for July 27.
How Will Chevron Trend Leading Up to Its Second-Quarter Results?
In this article, we’ll look at Chevron’s (CVX) stock price forecast range for the 16-day period leading up to its earnings based on its implied volatility.
The Top Energy Decliners in the Week Ended July 6
During the week ended July 6, US crude oil August futures and natural gas August futures fell 0.5% and 2.3%, respectively.
Integrated Energy Losses This Week: PTR, YPF, CVE, PBR, and SU
PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.
Shell Stock: 1-Week Forecast after 1Q18 Earnings
In this post-earnings release series, we’ve looked at analyst ratings for Royal Dutch Shell (RDS.A). In this part, we’ll look at changes in Shell’s implied volatility.
BP Stock: Pre-Earnings Price Forecast
BP’s implied volatility has risen by 6.2 percentage points since January 2 to the current level of 20.5%. During the same period, BP stock has risen 2.6%.
Where Have BP’s Moving Averages Trended?
If BP has better-than-expected 1Q18 earnings, its stock and 50-day moving average could rise. BP is expected to post its 1Q18 earnings on May 1.
What’s the Forecast for ExxonMobil Stock?
ExxonMobil stock could close between $80.8 and $74.9 per share in the next 14 calendar days ending April 27, 2018.
What ExxonMobil’s Moving Averages ahead of 1Q18 Earnings Suggest
Currently, XOM’s 50-day moving average stands 5.2% below its 200-day moving average.
Chevron’s Moving Averages ahead of Earnings
Before we look at Chevron’s (CVX) moving average since January 2, let’s briefly look at how moving averages trended until then.