Penn Virginia Corp
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Behind Chesapeake Energy’s Stock Reaction after Debt Swap Announcement
After its debt swap announcement, CHK’s stock initially spiked to $4.63 on May 12, 2016, but closed at $4.17, down 4.3% compared to the previous close.
Why XOP Fell More Than XLE Last Week
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.96% in the week ended September 11. XOP tracks an index of 74 American energy companies
XOP Gained More than XLE in the Week Ended August 28
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) increased more than the Energy Select Sector SPDR ETF (XLE) in the week ending August 28.
Crude Oil Prices Break below the Key Support of $50 per Barrel
The pessimistic sentiments of oversupply and record inventories will continue to drag crude oil prices lower. The nearest support is seen at $44 per barrel.
Crude Oil Prices Show the Falling Wedge Pattern
Crude oil prices closed above the key support of $50 per barrel for the fourth consecutive day as of July 21, 2015. Oil prices have been fluctuating.
Will Crude Oil Prices Hit Their Next Support Level?
August WTI crude oil futures fell below the key support level of $52 per barrel for the second day in a row.
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.
Crude Oil Prices Held above $52 per Barrel for the Third Day
August WTI crude oil futures contracts settled above $52 per barrel for third day. Crude oil prices closed above the key support level of $52 per barrel as of July 14.
XOP Is a Better Trade than Commodity ETFs in June 26 Week
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 0.1% in the week to June 26. XOP tracks an index of 74 US energy companies.
What’s the Consensus for Crude Oil Demand and Production?
Market consensus suggests that US crude oil production will hit the highs in April 2015. The average production is estimated to be around 380,000 bpd.
Penn Virginia sees an activist push from George Soros’ fund
Soros Fund Management revealed a 9.18% ownership stake in Penn Virginia Corporation (PVA), with 6,003,509 shares, via a 13D filing on March 18.