Stone Energy Corp

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  • uploads///WTI prices
    Macroeconomic Analysis

    Crude Oil Prices Settle below Key Moving Averages after Brexit

    Market surveys project that the global crude oil glut could narrow due to supply outages in 2016.

    By Gordon Kristopher
  • uploads///opec june
    Energy & Utilities

    Decoding OPEC Members’ Crude Production in July 2016

    Lower crude oil prices impact US and international oil producers’ profitability such as PetroChina (PTR), Sanchez Energy (SN), and Stone Energy (SGY).

    By Gordon Kristopher
  • uploads///crude oil stocks regional
    Macroeconomic Analysis

    US Crude Oil Inventories Are near January 2016 Levels

    The EIA released its weekly crude oil inventory report on September 28, 2016. US crude oil inventories are near January 2016 levels.

    By Gordon Kristopher
  • uploads///SGY Q Post Debt
    Earnings Report

    A Must-Know: Stone Energy’s Debt Restructuring Plans

    On September 30, 2016, Stone Energy’s (SGY) total debt stood at ~$1.4 billion. With only ~$182 million in cash and cash equivalents, SGY’s net debt was ~$1.3 billion at the end of 3Q16.

    By Nicholas Chapman
  • uploads///WTI prices
    Macroeconomic Analysis

    Nordic Bank SEB Revises Crude Oil Price Forecasts

    Leading Nordic bank SEB raised its Brent crude oil forecast to $48 per barrel for 2016 compared to its previous forecast of $44 per barrel.

    By Gordon Kristopher
  • uploads///non OPEC crude oil production
    Macroeconomic Analysis

    Non-OPEC Crude Oil Production: Will It Impact Oil Prices in 2017?

    Figures from the EIA suggest that non-OPEC crude oil production rose by 350,805 bpd to 44.6 MMbpd in September 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///WTI prices
    Macroeconomic Analysis

    Will Crude Oil Prices Test $60 per Barrel?

    Brent crude oil prices could trade between $35 and $40 per barrel in 2016 due to a stronger dollar, oversupply, and near-record US crude oil inventories.

    By Gordon Kristopher
  • uploads///SGY Q Operating Netbacks
    Company & Industry Overviews

    The Story behind Stone Energy’s Operating Netbacks

    In 2Q16, Stone Energy’s (SGY) reported operating netback of ~$23.64 per boe (barrel of oil equivalent), which is higher by ~4% than in 2Q15.

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

    How Declines in Crude Oil Prices Have Affected Stone Energy

    Although crude oil prices have rallied by ~89% from their lows in February 2016, crude is still trading ~54% lower than its high nearly two years ago.

    By Nicholas Chapman
  • uploads///oNE YEAR gom
    Macroeconomic Analysis

    The US Gulf of Mexico Rig Count Falls through the Cracks

    The Gulf of Mexico rig count was down by 11 rigs compared to the previous week, with 35 rigs for the week ending March 20, 2015.

    By Alex Chamberlin
  • 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///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///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///WTI prices
    Macroeconomic Analysis

    Why Goldman Sachs Revised Its Crude Oil Price Forecast

    Goldman Sachs (GS) forecast that Brent crude oil prices could test $50 per barrel in 2H16 due to recent supply outages.

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

    Major Banks Predict Crude Might Trade Like This For the Rest of 2016

    December 2016 WTI crude oil contracts are trading at a discount of $4 per barrel to December 2017 WTI crude oil contracts—the widest gap in almost 8 months.

    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///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///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///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///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///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///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///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///refinery demand
    Energy & Utilities

    Crude Inventories Rose as US Refinery Crude Demand Fell

    The EIA reported that US refinery crude oil demand fell by 255,000 barrels per day to 16,597,000 bpd between July 29 and August 5.

    By Gordon Kristopher
  • uploads///WTI prices
    Macroeconomic Analysis

    Oil Prices Passed $50—a Key Psychological Number

    US crude oil prices briefly breached the psychologically significant mark of $50 per barrel.

    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///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///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///US weekly crude oil inventories
    Macroeconomic Analysis

    EIA and API’s Crude Oil Inventories Impact Oil Prices

    On December 28, the API released its weekly crude oil inventory report. US crude oil inventories rose by 4,200,000 barrels from December 16–23, 2016.

    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///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///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///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///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///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///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///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
  • 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///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///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///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///Monthly US crude oil production
    Macroeconomic Analysis

    Is US Crude Oil Production at a Turning Point?

    The EIA reported that monthly US crude oil production rose by 510,000 bpd to 8,744,000 bpd in August 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///SGY Q Post Production
    Earnings Report

    Drill Down into Stone Energy’s 3Q16 Production

    For 3Q16, Stone Energy (SGY) reported total production of 39.1 Mboe per day, which is above its 3Q16 production guidance range of 35–37 Mboe per day.

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

    Gauging Stone Energy’s Hedging Effectiveness

    According to Stone Energy’s (SGY) 2Q16 earnings release, SGY reported a total (non-cash and cash) loss of ~$0.61 million on its derivative instruments.

    By Nicholas Chapman
  • 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///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///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///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///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///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///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///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///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///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///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///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///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 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///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///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///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///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///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///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///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///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///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///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///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///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///MRO Q Lifting Costs
    Company & Industry Overviews

    Understanding Marathon Oil’s Lifting Costs

    In 2Q16, Marathon Oil (MRO) reported lifting costs of ~$10.88 per boe (barrel of oil equivalent), which is ~10% lower than in 2Q15.

    By Nicholas Chapman
  • uploads///SGY Q Oil and Gas Revenue
    Company & Industry Overviews

    What Is Stone Energy’s Oil and Gas Revenue Mix?

    In 3Q16, Stone Energy’s (SGY) operating revenue from crude oil (USO), natural gas (UNG), and natural gas liquids sales totaled ~$93 million.

    By Nicholas Chapman
  • uploads///SGY Q Price and Crude Oil
    Company & Industry Overviews

    Are Higher Crude Prices Still Benefiting Stone Energy?

    Even though crude oil prices have rallied ~90% from their lows in February 2016, Stone Energy is still languishing around its May 2016 multiyear low.

    By Nicholas Chapman
  • uploads///crude oil stocks regional
    Macroeconomic Analysis

    Analyzing US Crude Oil Inventories by Region: The Latest

    The EIA divides the United States into five storage regions. Let’s assess the changes in crude oil inventories for these regions between September 30 and October 7.

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

    Where Does Stone Energy’s Relative Valuation Stand Next to Peers?

    Stone Energy (SGY) has a forward EV-to-EBITDA ratio of ~6x, which is lower than most of its peers.

    By Nicholas Chapman
  • uploads///SGY Q Net Debt to Adjusted EBITDA
    Company & Industry Overviews

    Why Is Stone Energy’s Debt Level at Such a Critical Point?

    As of June 30, Stone Energy total debt was ~$1.4 billion. With ~$169 million in cash and cash equivalents, its net debt was ~$1.24 billion as of that day.

    By Nicholas Chapman
  • uploads///SGY Q Production Costs and Margins w Hedges
    Company & Industry Overviews

    Stone Energy’s Production Costs and Margins for 2Q16

    Excluding hedges, in 2Q16, Stone Energy (SGY) reported a positive cash margin but a negative total margin.

    By Nicholas Chapman
  • uploads///SGY Q Lifting Costs
    Company & Industry Overviews

    Behind Stone Energy’s Lifting Costs

    In 2Q16, Stone Energy (SGY) reported lifting costs of ~$10.07 per boe (barrel of oil equivalent), which is ~9% lower than in 2Q15.

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

    Understanding Stone Energy’s Oil and Gas Revenue Mix

    In 2Q16, Stone Energy’s operating revenue from crude oil, natural gas, and natural gas liquids sales totaled ~$89 million—a reduction of ~40% over 2Q15.

    By Nicholas Chapman
  • uploads///IV of upstream stock
    Energy & Utilities

    Top 5 Upstream Stocks with High and Low Implied Volatilities

    On August 5, 2016, Stone Energy (SGY) had the highest implied volatility among the upstream stocks. Its implied volatility was ~355.5%.

    By Rabindra Samanta
  • uploads///SI of upstream stock
    Energy & Utilities

    Upstream Stocks with Highest Short Interest-to-Equity Float Ratios

    On July 18, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among the upstream stocks at ~58.0%.

    By Rabindra Samanta
  • uploads///si of upstream stock
    Energy & Utilities

    Upstream Stocks with High Short Interest–to–Equity Float Ratios

    As of July 8, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%.

    By Rabindra Samanta
  • uploads///us production
    Energy & Utilities

    US Monthly Crude Oil Production: Lowest since September 2014

    The EIA reported that monthly US crude oil production fell by 222,000 barrels per day to 8.9 MMbpd in April 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///short interest to equity float ratio
    Energy & Utilities

    The Top 5 Upstream Stocks by Short Interest–to–Equity Float Ratio

    As of July 1, 2016, Clayton Williams Energy (CWEI) has the highest short interest–to–equity float ratio among upstream stocks at 57.8%.

    By Rabindra Samanta
  • uploads///SI
    Miscellaneous

    The Top 5 Upstream Stocks with the Highest Short Interests

    As of June 24, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among upstream stocks at 57.8%.

    By Rabindra Samanta
  • uploads///India demand
    Macroeconomic Analysis

    What Drove the Crude Oil Demand in Asia?

    India’s Petroleum, Planning, and Analysis Cell reported that India’s crude oil demand rose by 0.4 MMbpd in April. It’s 10% higher than the same period in 2015.

    By Gordon Kristopher
  • uploads///gasoline api
    Macroeconomic Analysis

    Will US Gasoline and Distillate Inventories Help Crude Oil Rally?

    For the week ended April 22, 2016, distillate inventories are expected to fall. The estimates of falling gasoline and distillate inventories could benefit crude oil prices.

    By Gordon Kristopher
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