Stone Energy Corp

Most Recent

  • uploads///SGY stock
    Energy & Utilities

    Stone Energy’s Stock Performance in 2018

    Stone Energy stock has increased the most among our top five companies. Stone Energy stock has risen 60% YoY (year-over-year).

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

    Stone Energy’s 2018 Capital Program: What to Expect

    Stone Energy’s management forecast a capex of $212 million in 2018 compared to $154 million spent in 2017, which is ~38% growth.

    By Keisha Bandz
  • uploads///stock
    Earnings Report

    How Have SGY, SD, MUR, QEP, and SWN Performed?

    Stock performance In this final part of our series, we’ll discuss Stone Energy’s (SGY), Sandridge Energy’s (SD), Murphy Oil’s (MUR), QEP Resources’ (QEP), and Southwestern Energy’s (SWN) stock performance. As we saw in the previous part, these companies had the lowest last-12-month EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios as […]

    By Keisha Bandz
  • uploads///EVEBITDA
    Earnings Report

    These Upstream Companies Have the Lowest Valuation Ratios

    Top five upstream stocks by valuation In this part, we’ll compare stocks’ adjusted EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios. Enterprise value is the sum of a company’s market capitalization and debt, minus cash and cash equivalents. A low EV-to-EBITDA ratio indicates that a company may be undervalued. Let’s look at the five […]

    By Keisha Bandz
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Could Push Oil Prices Higher

    According to the EIA, global crude oil supply outages increased by 208,000 bpd or 14% to 1,738,000 bpd in December 2017—compared to November 2017.

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

    What Are the Key Resistance Levels for Crude Oil Futures?

    March US crude oil futures were above their 100-day, 50-day, and 20-day moving averages on January 26, 2018—more bullish momentum for oil prices.

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

    US Gasoline Demand Could Extend the Crude Oil Price Rally

    The EIA estimated that four-week average US gasoline demand decreased by 190,000 bpd (barrels per day) to 8,904,000 bpd on January 5–12, 2018.

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

    Cushing Inventories Hit January 2015 Low

    A Bloomberg survey estimates that the crude oil inventories at Cushing could have declined by 2.3 MMbbls (million barrels) on January 12–19, 2018.

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

    Why US Natural Gas Traders Are Tracking OPEC’s Production

    Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.

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

    Iraq’s Crude Oil Production Capacity Could Hit 5 MMbpd

    The EIA estimated that Iraq’s crude oil production increased by 60,000 bpd to 4,380,000 bpd in December 2017—compared to the previous month.

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

    US Dollar Recovering from 3-Month Low: Bearish for Crude Oil?

    The US Dollar Index fell ~9.8% in 2017. The dollar fell partly due to the improving economy outside the US. It was the worst annual drop since 2003.

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

    US Gasoline Demand Is Significant for Crude Oil Bulls

    According to the EIA, US gasoline demand fell by 835,000 bpd (barrels per day) or 8.8% to 8,650,000 bpd on December 22–29, 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///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    These Stocks Are the Biggest Upstream Losers This Week

    In the week starting January 1, 2018, Jones Energy (JONE) fell from $1.10 to $1.07, a decrease of ~3%.

    By Nicholas Chapman
  • uploads///gasoline demand
    Energy & Utilities

    US Gasoline Demand Could Support Crude Oil Bulls in 2018

    The four-week average US gasoline demand rose by 190,000 bpd (barrels per day) to 9,224,000 bpd on December 15–22, 2017, according to the EIA.

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

    US Crude Oil Output Hit the Highest Level since May 1971

    US crude output increased by 167,000 bpd to 9.64 MMbpd in October 2017—compared to the previous month. It was the highest level since May 1971.

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

    US Crude Oil Refinery Demand and Imports Impact Oil Prices

    According to the EIA, US crude oil refinery demand rose by 111,000 bpd (barrels per day) to 17.1 MMbpd (million barrels per day) on December 8–15, 2017.

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

    US Gasoline’s Demand Trend Is Changing

    The EIA estimates that four-week average US gasoline demand fell by 21,000 bpd (barrels per day) to 9.1 MMbpd on December 1–8, 2017.

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

    Cushing Oil Inventories Are near November 2015 Low

    The EIA estimated that Cushing’s crude oil inventories fell by 2,753,000 barrels or 4.7% to 55.5 MMbbls (million barrels) on November 24–December 1, 2017.

    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///Distillate
    Energy & Utilities

    Are US Distillate Inventories Bearish for Oil Prices?

    US distillate inventories rose by 1,667,000 barrels or 1.3% to 129.4 MMbbls (million barrels) on November 24–December 1, 2017.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    These Stocks Were the Biggest Upstream Losers

    In the week starting November 20, 2017, EP Energy (EPE) fell from $2.49 to $2.02, a decrease of ~19%.

    By Nicholas Chapman
  • uploads///gasoline demand
    Energy & Utilities

    US Gasoline Demand Hit a Record in October 2017

    According to the API, US gasoline demand averaged 9,300,000 bpd (barrels per day) in October 2017. It was the highest level ever.

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

    What Could Drive US Crude Oil Futures This Week?

    WTI (West Texas Intermediate) crude oil (UWT) (USL) active futures tested $57.35 per barrel on November 6, 2017—the highest level in almost three years.

    By Gordon Kristopher
  • uploads///WTI Q Post Price
    Energy & Utilities

    Will W&T Offshore’s Stock Rally Resume?

    So far in 2H17, W&T Offshore (WTI) stock price rose from $1.96 at the end of June 2017 to $3.15 as of November 16 – a very strong rise of ~61%.

    By Nicholas Chapman
  • uploads///oil and inventory
    Energy & Utilities

    OPEC’s Monthly Oil Report: Positive or Negative for Crude Oil?

    Higher crude oil demand, easing supplies and inventories, improving global crude oil demand, and economic growth could support oil prices.

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

    Rising Crude Oil Prices Could Impact Coal Miners

    As of November 3, 2017, Brent crude oil prices rose 2.1% on a week-over-week basis. Brent crude oil settled at $62.07 per barrel on November 3, 2017.

    By Alexis Tate
  • uploads///Monthly US crude oil production
    Energy & Utilities

    Will US Crude Oil Production and Exports Pressure Oil Prices?

    The EIA estimates that US crude oil production averaged 9.3 MMbpd in October 2017—down by 90,000 bpd (barrels per day) from the level in September.

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

    US Crude Oil Inventories Fell 15%: Good News for Oil Bulls

    The EIA estimates that nationwide crude oil inventories fell by 2,435,000 barrels to 454.9 MMbbls (million barrels) on October 20–27, 2017.

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

    US Crude Oil Production: Will It Cap Oil Prices in 2018?

    US crude oil production rose by 1,101,000 bpd (barrels per day) to 9,507,000 bpd on October 13–20, 2017. Production has risen by 1,003,000 bpd or 11.8% YoY.

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

    US Crude Oil Production Rebounds from a 4-Year Low

    The EIA estimates that US crude oil production rose by 1,101,000 bpd or 13.1% to 9,507,000 bpd on October 13–20, 2017. It rose from almost a four-year low.

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

    Lower US Crude Oil Inventories Help Crude Oil Bulls

    The EIA estimates that crude oil inventories fell by 5.7 MMbbls to 456.4 MMbbls on October 6–13, 2017—the lowest levels since August 25, 2017.

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

    Kurdistan Referendum: Time to Buy Crude Oil Futures?

    On September 25, 2017, the people in Kurdistan voted in a referendum for independence. As a result, Turkey blocked 500,000 bpd of crude oil exports.

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

    US Gasoline Demand Could Fall and Pressure Crude Oil Prices

    The EIA estimates that weekly US gasoline demand fell by 281,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) on September 22–29, 2017.

    By Gordon Kristopher
  • uploads///SGY Q Cash Flow
    Company & Industry Overviews

    Is Stone Energy’s Free Cash Flow Trending in the Right Direction?

    In 1Q17, Stone Energy’s (SGY) total operating revenue was ~$95 million, ~17% higher than it was in 1Q16.

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

    Geopolitical Tensions Impact Crude Oil Prices

    On October 3, 2017, Iraq banned selling dollars to Kurdistan’s banks due to the vote in the referendum. Geopolitical tensions could impact crude oil prices.

    By Gordon Kristopher
  • uploads///MRO Q Lifting Cost
    Company & Industry Overviews

    Marathon Oil’s Lifting Costs

    In 2Q17, Marathon Oil’s (MRO) reported a lifting cost of ~$6.75 per boe (barrel of oil equivalent), which is ~28.0% lower than its 2Q16 lifting cost of ~$10.88.

    By Nicholas Chapman
  • uploads///supply and demand
    Energy & Utilities

    Inside the Global Crude Oil Supply-Demand Gap

    The EIA estimated that the global crude oil supply-demand gap averaged 0.58 MMbpd (million barrels per day) in 1H16.

    By Gordon Kristopher
  • uploads///WTI Q Price
    Energy & Utilities

    Why W&T Offshore Stock Is Outperforming the Upstream Sector

    So far in September 2017, W&T Offshore (WTI) stock has risen from $1.91 at the end of August to $2.57 as of September 19, 2017, a ~35.0% rise.

    By Nicholas Chapman
  • uploads///Gasoline demand
    Energy & Utilities

    US Gasoline Demand Could Fall in 2018

    The EIA estimates that weekly US gasoline demand rose by 456,000 bpd (barrels per day) to 9.6 MMbpd (million barrels per day) on September 1–8, 2017.

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

    What to Expect from Libya’s Crude Oil Production in September

    The EIA estimates that Libya’s crude oil production fell by 145,000 bpd (barrels per day) to 860,000 bpd in August 2017—compared to the previous month.

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

    Russia’s Crude Oil Production Hit a 1-Year Low

    Russia’s crude oil production averaged ~11.0 MMbpd in 2016—the highest level in 30 years. Russia’s crude oil production could average 11.1 MMbpd in 2017.

    By Gordon Kristopher
  • uploads///PXD Q Post Analyst
    Energy & Utilities

    Wall Street’s Forecast for Pioneer Natural Resources in a Year

    As of September 5, around 89.74% of analysts covering Pioneer Natural Resources (PXD) had “strong buy” or “buy” recommendations on the stock.

    By Nicholas Chapman
  • uploads///COP Q Realized Prices
    Company & Industry Overviews

    Inside ConocoPhillips’s 2Q17 Crude Oil Price Realization and WTI Crude

    Excluding gains on hedges, COP’s Lower 48 average realized crude oil price in 2Q17 was $43.38 per barrel—up ~10% from $39.50 per barrel in 2Q16.

    By Nicholas Chapman
  • uploads///US Distillate Inventories
    Energy & Utilities

    US Distillate Inventories Were Flat Last Week

    The EIA (U.S. Energy Information Administration) estimates that US distillate inventories were flat at 148.4 MMbbls (million barrels) between August 11, 2017, and August 18, 2017.

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

    Will Libya’s Crude Oil Production Rise in August 2017?

    October WTI (West Texas Intermediate) crude oil futures (DBO) (USO) (UCO) contracts fell 0.1% to $48.4 per barrel in electronic trading at 1:50 AM EST on August 24, 2017.

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

    How India’s Crude Oil Imports, Production, Demand Impact Prices

    India’s Petroleum Planning and Analysis Cell estimated that the country’s crude oil imports rose 0.60% to 4.2 MMbpd in July 2017 from July 2016.

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

    Hedge Funds Reduce Bullish Bets on US Crude Oil for 2nd Straight Week

    On August 18, 2017, the U.S. Commodity Futures Trading Commission released its weekly Commitment of Traders report.

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

    How Supply Outages Affect Crude Oil Prices

    The EIA (U.S. Energy Information Administration) estimates that Libya’s crude oil production rose by 160,000 bpd (barrels per day) to 1.0 MMbpd (million barrels per day) in July 2017 compared to the previous month.

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

    Cushing Inventories Rise for the First Time in 12 Weeks

    Cushing is the largest crude oil storage hub in the United States. A market survey estimates that Cushing inventories fell from August 4 to August 11.

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

    US Gasoline Demand Hit a Record: What’s Next?

    The EIA estimates that weekly US gasoline demand rose by 21,000 bpd (barrels per day) to 9,842,000 bpd on July 21–28, 2017. It’s the highest level ever.

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

    US Crude Oil Production Hit a 16-Month High

    The EIA estimates that US crude oil production could average 9.9 MMbpd in 2018. It would be the highest level ever. It could weigh on crude oil prices.

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

    US Crude Oil Inventories Fell 10% from Their Peak

    The EIA reported that US crude oil inventories fell by 1.5 MMbbls (million barrels) or 0.3% to 481.8 MMbbls on July 21–July 28, 2017.

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

    Are Crude Oil Futures Trading Close to Resistance Level?

    WTI (West Texas Intermediate) crude oil futures are just below the key resistance level of $50 per barrel as of August 1, 2017.

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

    Will Crude Oil Inventories Pressure Oil Futures?

    The API reported that US gasoline inventories fell 4.9 MMbbls between July 21 and July 28, 2017.

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

    US Dollar Near 13-Month Low: Can It Drive Crude Oil Futures?

    The US Dollar Index fell 0.50% to 92.7 on July 31, 2017. It’s the lowest level in the last 13 months.

    By Gordon Kristopher
  • uploads///OPEC spare propduction capacity
    Energy & Utilities

    OPEC Spare Production Capacity Hit 2017 Low

    The US Energy Information Administration estimated that OPEC’s spare crude oil production capacity fell by 170,000 bpd (barrels per day) to 2.01 MMbpd (million barrels per day) in June 2017.

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

    US Dollar Is near a 13-Month Low: What’s Next?

    The US dollar hit 93.68 on July 21, 2017—the lowest level in 13 months. The US dollar has fallen more than 8% in 2017.

    By Gordon Kristopher
  • uploads///US gasoline inventories
    Miscellaneous

    US Gasoline Inventories Drive Gasoline and Crude Oil Prices

    The EIA reported that US gasoline inventories fell by 4.4 MMbbls (million barrels) to 231.2 MMbbls on July 7–14, 2017.

    By Gordon Kristopher
  • uploads///OECD
    Miscellaneous

    Will OECD’s Crude Oil Inventories Fall below the 5-Year Average?

    The EIA estimates that OECD’s crude oil inventories fell by 10.13 MMbbls (million barrels) to 3,005 MMbbls in June 2017—compared to May 2017.

    By Gordon Kristopher
  • uploads///US crude oil inventories and prices
    Miscellaneous

    SPY, China, and US Inventories Moved Crude Oil Futures Last Week

    August WTI (West Texas Intermediate) crude oil (XLE) (XOP) (USO) futures contracts rose 1% and closed at $46.54 per barrel on July 14, 2017.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    Will US Gasoline Demand Hit a Record This Summer?

    The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 167,000 bpd to 9,705,000 bpd on June 23–30, 2017.

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

    OPEC, Russia, and the US Could Pressure Crude Oil Futures

    US crude oil (RYE) (VDE) (SCO) futures contracts for August delivery fell 2.8% and settled at $44.23 per barrel on July 7. Prices are near a ten-month low.

    By Gordon Kristopher
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports and Production: Crucial for Oil Prices

    Iran’s crude oil exports are expected to fall 7% in July 2017, according to Reuters. Exports are expected to fall to 1.86 MMbpd in July 2017.

    By Gordon Kristopher
  • uploads///Distillate production
    Miscellaneous

    US Distillate Inventories Fell for the First Time in 5 Weeks

    The fall in distillate inventories supported diesel and crude oil futures on June 28, 2017. US diesel futures rose 1.4% to $1.43 per gallon on June 28.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Miscellaneous

    How Long Can US Gasoline Inventories Support Crude Oil Bulls?

    The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 0.1 MMbbls to 241 MMbbls on June 16–23, 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Key Support and Resistance Levels for US Crude Oil Futures

    August US crude oil futures key support level is $43 per barrel. Prices tested this level three times in the last 15 months.

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

    Analyzing US Crude Oil Output

    The EIA released its weekly petroleum status on June 21, 2017. US crude oil output rose by 20,000 bpd to 9,330,000 bpd on June 9–16, 2017.

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

    What US Crude Oil Inventories Mean for Oil

    The EIA reported that US crude oil inventories fell by 2.7 MMbbls (million barrels) to 509.1 MMbbls on June 9–16, 2017.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    US Gasoline Demand Fell for the Second Straight Week

    The EIA (U.S. Energy Information Administration) estimates that US gasoline demand fell by 48,000 bpd (barrels per day) to 9,269,000 bpd on June 9–16, 2017.

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

    US Crude Oil Inventories and Oversupply Concerns

    The American Petroleum Institute estimated that US crude oil inventories fell by 2.7 MMbbls (million barrels) on June 9–16, 2017.

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    US and Brent Crude Oil Price Forecast for the Next 6 Months

    Brent crude oil futures are trading below their 20-day, 50-day, 100-day, and 200-day moving averages of $49.9, $51.6, $53.3, and $53.8 per barrel.

    By Gordon Kristopher
  • uploads///SGY Q Realized Price
    Company & Industry Overviews

    Exploring Stone Energy’s 1Q17 Crude Oil Price Realizations

    Due to rising crude oil (USO) and natural gas (UNG) prices since the start of 2016, Stone Energy’s (SGY) realized prices rose significantly in 1Q17.

    By Nicholas Chapman
  • uploads///SGY Q Revenue Mix
    Company & Industry Overviews

    Analyzing Stone Energy’s Oil and Gas Revenue Mix

    In 1Q17, Stone Energy’s (SGY) operating revenues from crude oil (USO), natural gas (UNG), and natural gas liquids sales totaled ~$91 million, a rise of ~14% compared to 1Q16.

    By Nicholas Chapman
  • uploads///SGY Q Price
    Miscellaneous

    Analyzing Stone Energy’s Year-to-Date Stock Performance

    Year-to-date, crude oil and natural gas producer Stone Energy has seen its stock price widely underperform crude oil.

    By Nicholas Chapman
  • uploads///gasoline inventories
    Miscellaneous

    US Gasoline Inventories: More Concerns for Crude Oil Prices

    US gasoline inventories are 7.2% below their all-time high. The expectation of a fall in gasoline inventories could support gasoline prices.

    By Gordon Kristopher
  • uploads///distillate inventories
    Miscellaneous

    US Distillate Inventories Rose for the First Time in 5 Weeks

    US distillate inventories rose by 0.4 MMbbls to 146.7 MMbbls on May 19–26, 2017. Distillate inventories rose 0.3% week-over-week but fell 1.9% YoY.

    By Gordon Kristopher
  • uploads///oil and price
    Miscellaneous

    Are OECD and US Crude Oil Inventories Seeing a Change in Momentum?

    On May 31, 2017, the API (American Petroleum Institute) will release its weekly crude oil inventory report.

    By Gordon Kristopher
  • uploads///gasoline inventories
    Miscellaneous

    Traders Focus on the API and EIA’s Crude Oil Inventories

    On May 16, 2017, the API released its weekly crude oil inventory report. US crude oil inventories rose by 0.8 MMbbls (million barrels) on May 5–12, 2017.

    By Gordon Kristopher
  • uploads///oil and inventory
    Miscellaneous

    Oversupply Concerns: API and EIA’s Crude Oil Inventories

    The massive fall in crude oil inventories supported US crude oil prices in post-settlement trade on May 9, 2017. Prices are trading near a five-month low.

    By Gordon Kristopher
  • uploads///us monthly prod
    Miscellaneous

    Could US Crude Oil Production Push Production Cut Deal Past 2017?

    The EIA reported that monthly US crude oil production rose 196,000 bpd to 9.0 MMbpd in February 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Refinery Demand Is near Record Levels

    US refinery crude oil demand rose by 241,000 bpd to 16,938,000 bpd on April 7–14, 2017. US refinery crude oil demand rose 1.4% week-over-week.

    By Gordon Kristopher
  • uploads///gas inventories
    Miscellaneous

    US Gasoline Inventories Fell for the Seventh Straight Week

    US gasoline inventories hit 259.1 MMbbls for the week ending February 10, 2017—the highest level ever. Inventories are 8% below their all-time high.

    By Gordon Kristopher
  • uploads///monthly us crude oil production
    Miscellaneous

    Monthly US Crude Oil Production Hit May 2016 High

    The EIA reported that monthly US crude oil production rose by 60,000 bpd (barrels per day) to 8.8 MMbpd in January 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///opec
    Miscellaneous

    OPEC’s Crude Oil Production Could Rebalance the Oil Market

    A Reuters survey estimates that OPEC showed 95% compliance with targeted production cuts in March 2017 due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///gas inventories
    Macroeconomic Analysis

    US Gasoline Inventories Are 8% below Their All-Time High

    The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 3.7 MMbbls to 239.7 MMbbls from March 17–24, 2017.

    By Gordon Kristopher
  • uploads///ECA Q Lifting Cost
    Company & Industry Overviews

    Chart in Focus: Encana’s Lifting Costs

    In 4Q16, Encana (ECA) reported a lifting cost of ~$11.57 per boe, which is ~9% lower than in 4Q15.

    By Nicholas Chapman
  • uploads///saudi
    Macroeconomic Analysis

    Saudi Arabia’s Crude Oil Production Rose: Will Prices Fall More?

    Saudi Arabia reported that its crude oil production rose by 263,300 bpd (barrels per day) to 10.01 MMbpd (million barrels per day) in February 2017.

    By Gordon Kristopher
  • uploads///oil and inventory
    Macroeconomic Analysis

    US Crude Oil Inventories Could Hit a New Record

    On March 7, the API (American Petroleum Institute) will release its weekly crude oil inventory report. US crude oil inventories are at an all-time high.

    By Gordon Kristopher
  • uploads///SGY WU_ Price
    Company & Industry Overviews

    Stone Energy Stock Underperformed in the Last 2 Weeks

    In the last two weeks, crude oil (USO) and natural gas (UNG) producer Stone Energy (SGY) saw its stock price underperform crude oil prices.

    By Nicholas Chapman
  • uploads///image
    Macroeconomic Analysis

    Janet Yellen and the US Dollar Impacted Crude Oil Prices

    The US dollar and crude oil (ERY) (ERX) (DIG) (XES) are usually inversely related. A weaker US dollar makes crude oil more affordable for oil importers.

    By Gordon Kristopher
  • uploads///gas inv
    Macroeconomic Analysis

    Why US Gasoline Inventories Fell from All-Time High

    The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 2.6 MMbbls (million barrels) to 256.4 MMbbls between February 10 and February 17, 2017.

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

    EIA’s Crude Oil Inventories Could Break an All-Time High

    The API’s report will be followed by the EIA’s weekly crude oil inventory report on February 15, 2017. The data will be for the week ending February 10.

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

    Iran and Russia Impact Crude Oil Prices

    March WTI (West Texas Intermediate) crude oil (XLE) (USL) (USO) (UCO) futures contracts rose 0.5% and closed at $53.83 per barrel on February 3, 2017.

    By Gordon Kristopher
  • uploads///COP Q Retained Earnings Effectiveness
    Company & Industry Overviews

    Analyzing ConocoPhillips’s Retained Earnings Effectiveness

    According to ConocoPhillips’s (COP) 3Q16 balance sheet, the company’s retained earnings fell by ~$1.4 billion.

    By Nicholas Chapman
  • uploads///image
    Macroeconomic Analysis

    Global Crude Oil Supply Outages Drive Crude Oil Prices

    The EIA estimates that global crude oil supply outages fell by 72,000 bpd (barrels per day) to 2.2 MMbpd (million barrels per day) in December 2016.

    By Gordon Kristopher
  • uploads///COP Q Lifting Costs
    Company & Industry Overviews

    Analyzing ConocoPhillips’s Lifting Costs

    In 3Q16, ConocoPhillips (COP) reported lifting costs of ~$11.78 per boe (barrel of oil equivalent), which is ~17.0% lower than 3Q15.

    By Nicholas Chapman
  • uploads///COP Q Hedging Effectiveness
    Company & Industry Overviews

    How Important Is ConocoPhillips’s Hedging Effectiveness?

    In 3Q16, profits on hedging activities caused ConocoPhillips’s E&P revenues to rise ~0.28%. That’s much better than the previous quarter.

    By Nicholas Chapman
  • uploads///COP Q Production Mix
    Company & Industry Overviews

    What’s ConocoPhillips’s Worldwide Operations Production Mix?

    For 3Q16, ConocoPhillips’s Lower 48 operations reported a production mix of ~40.0% crude oil, ~18.0% natural gas liquids, and ~42.0% natural gas.

    By Nicholas Chapman
  • uploads///india oil production and consumption
    Macroeconomic Analysis

    India’s Crude Oil Imports and Demand Impact Crude Oil Prices

    India’s Petroleum Planning and Analysis Cell estimated that India’s crude oil imports rose 3.3% to 4.58 MMbpd in November 2016.

    By Gordon Kristopher
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