PetroChina Co Ltd

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.”

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 has risen 4% in the third quarter so far despite the fall in oil prices. WTI has fallen 6% in the current quarter.

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.

Five of the seven firms covering Total (TOT) have rated it a “buy” or “outperform.”

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.

The short interest in Suncor Energy (SU) has risen from 0.28% on October 1 to the current level of 0.70%.

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.

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.

Multiyear low crude oil prices impact domestic and international oil producers’ margins like PetroChina, Comstock Resources, Whiting Petroleum, and Denbury Resources.

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.

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, which is around $90 to $100 billion, is the collateral damage of the oil prices.

Currently, BP trades at a forward PE ratio of 10.7x, which is above its peer average of 10.6x.

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.

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.

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 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.

Schlumberger’s Drilling group comprises Bits & Advanced Technologies, M-I SWACO, Geoservices, Drilling & Measurements, Drilling Tools & Remedial, and Integrated Project Management.

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.

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.

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 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.

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 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.

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’.

The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.

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.

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%.

Citigroup estimates that global crude oil supply outages could currently be around 3.5 MMbpd (million barrels per day).

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.

AQMIX is an alternative mutual fund that invests in long and short positions across global equities, fixed income, currencies, and commodities.

XOM has agreed to acquire PT Federal Karyatama, one of Indonesia’s largest motorcycle lubricant manufacturers.

Non-OPEC crude oil production averaged 56.1 MMbpd in 2014, according to EIA sources in its April 2016 Short-Term Energy Outlook report.

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.

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%.

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.

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%.

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.

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.

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.

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, after rising in March. According to the National Bureau of Statistics’ report, China’s PMI held steady at 50.10 in April.

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.

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 (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.

The correlation coefficient of BP’s stock versus WTI (West Texas Intermediate) for the 12-month period stands at 0.65.

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 […]

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%.

Among the 12 analysts covering Suncor Energy stock, 11 recommended a “buy” or “strong buy,” while one recommended a “hold.”

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.

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 could close between $82.1 per share and $71.8 per share for the 35-day period ending on December 31.

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.

On April 3, 2017, ExxonMobil’s (XOM) 50-day moving average was below its 200-day moving average.

In the second quarter of 2017, BP reported the start-up of two of its major upstream projects, West Nile Delta and Quad 204.

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.

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.

Implied volatility in Equinor (EQNR) has risen by 1.5 percentage points over April 1, 2019, to the current level of 27.3%.

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.

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%.

Based on market capitalization, ExxonMobil (XOM) is the world’s largest publicly listed oil and gas company.

BP (BP) posted its first-quarter earnings, which beat analysts’ earnings expectation. The stock reacted positively to the news.

BP (BP) released its first-quarter earnings results on April 30. It paid $1.4 billion in dividends in the first quarter.

Chevron’s (CVX) first-quarter earnings fell due to its lower Upstream and Downstream earnings.

Total (TOT) announced its first-quarter earnings on April 26, 2019.

Chevron (CVX) released its first-quarter earnings on April 26. The company paid $2.2 billion in dividends in the first quarter.

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.

Implied volatility in Total has fallen by 8.0 percentage points since January 2 to 18.5%.

Short interest in BP (BP) has risen by 0.04 percentage points since March 12, 2019, to its current level of 0.20%.

BP’s (BP) earnings are expected to fall in the first quarter driven by lower upstream and weaker downstream earnings.

In this article, we’ll review Chevron’s (CVX) performance ahead of its first-quarter earnings release.

The implied volatility in ExxonMobil stock has fallen by 12.0 percentage points since January 2 to the current level of 18.1%.

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 could close between $129.0 and $121.7 per share in the next 14 calendar days ending on March 29.

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 could close between $77.7 and $74.2 per share in the seven days ending February 8.

Suncor is expected to post its fourth-quarter earnings on February 5. The price range forecast will be based on the current implied volatility.

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.

Implied volatility in Total has risen by 8.1 percentage points over October 1, 2018, to the current level of 27.2%.

In the previous part, we saw that Total (TOT) stock has fallen 21% in the current quarter.

Total (TOT) stock has fallen 21% in the fourth quarter so far.

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%.

The implied volatility in Chevron has risen by 6.3 percentage points since September 24 to 22.9%. Chevron stock has fallen 4.4%.

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%.

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.

Implied volatility in Chevron (CVX) has fallen 4.8 percentage points since July 2 to the current level of 17.1%.

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.

BP (BP) stock has fallen 7% so far in the third quarter, mainly due to a fall in the price of oil.

BP reported its earnings results on July 31. On the day, its implied volatility fell 4.3 percentage points to 16.5%.

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.

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.

During the week ended July 6, US crude oil August futures and natural gas August futures fell 0.5% and 2.3%, respectively.

PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.

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’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%.

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.

ExxonMobil stock could close between $80.8 and $74.9 per share in the next 14 calendar days ending April 27, 2018.

Currently, XOM’s 50-day moving average stands 5.2% below its 200-day moving average.

Before we look at Chevron’s (CVX) moving average since January 2, let’s briefly look at how moving averages trended until then.