Sanchez Energy Corp
Top Energy Gainers Last Week
On July 6–13, upstream stock Sanchez Energy (SN) saw the highest gain on our list of energy stocks.
What’s Whiting’s Stock Price Range Forecast?
The current implied volatility in Whiting Petroleum (WLL) is ~55.9%, which is 0.53% lower than its 15-day average of 56.19%.
Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC
In the week starting July 2, Legacy Reserves (LGCY) decreased from $6.90 to $6.22, a fall of almost 9.9%.
Wall Street Analyst Sentiment for Whiting Petroleum Stock
Approximately 36.4% of Wall Street analysts rated Whiting Petroleum (WLL) a “buy” while 45.5% analysts rated it a “hold.”
What Are Analysts’ Ratings for Whiting Petroleum Stock?
Approximately 36.4% of Wall Street analysts have rated Whiting Petroleum (WLL) as a “buy,” while 45.5% of analysts have rated it as a “hold.”
Forecasting Anadarko Petroleum’s Stock Price
On April 25, Anadarko Petroleum’s (APC) implied volatility was ~34%—approximately 0.70% higher than its 15-day average of ~33.9%.
Wall Street Analysts’ Targets for LGCY, SN, OIS, and SPN
As of March 26, 2018, Reuters reported that one analyst covered Legacy Reserves LP (LGCY) with a “sell” recommendation on the stock.
Institutional Investors’ Activity: LGCY, SN, OIS, and SPN
In 4Q17, 17 funds were “buyers” of Legacy Reserves LP (LGCY) stock, while 27 funds were “sellers.”
Upstream Losses: SN, TELL, BBG, EPE, and EXXI
In the week starting on March 26, 2018, Sanchez Energy (SN) decreased from $3.31 to $3.11—a decrease of more than 6.0%.
Which Energy Stocks Were the Underperformers Last Week?
On March 2–9, 2018, midstream stock Summit Midstream Partners (SMLP) fell the most on our list of energy stocks.
Which Energy Stocks Fell More than the Oil Market Last Week?
On February 23–March 2, 2018, upstream stock California Resources (CRC) was the largest loser on our list of energy stocks.
US and OECD’s Crude Oil Inventories Could Impact Oil’s Price Rally
US crude oil inventories decreased by 1.1 MMbbls to 411.6 MMbbls on January 12–19, 2018. They also fell ~12% in 2017.
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.
US Distillate Inventories Rose for the Eighth Time in 10 Weeks
US distillate inventories rose by 0.64 MMbbls (million barrels) to 139.8 MMbbls on January 12–19, 2018, according to the EIA.
Refinery Margins and US Oil Production Could Pressure Oil Futures
The EIA will release its weekly crude oil production data on January 24, 2018. Baker Hughes will release its weekly US crude oil rigs report on January 26.
Cushing Inventories Fell 33% from the Peak
Analysts expect that Cushing crude oil inventories could have declined on January 5–12, 2018. A fall in Cushing inventories is bullish for oil prices.
Record Withdrawal in US Natural Gas Inventories
US natural gas inventories fell by 359 Bcf (billion cubic feet) to 2,767 Bcf between December 29, 2017, and January 5, 2018, according to the EIA.
Massive Fall in Crude Oil Inventories Pushed Oil Prices Higher
US crude oil inventories fell by 4.9 MMbbls (million barrels) to 419.5 MMbbls between December 29, 2017, and January 5, 2018.
API Reports Large Drop in US Crude Oil Inventories
US crude oil inventories fell by 11.2 MMbbls between December 29, 2017, and January 5, 2018. It’s the largest drop for this time of the year since 1999.
Will US Natural Gas Inventories Support Prices This Week?
A Reuters poll estimates that US natural gas inventories could have fallen by 332 Bcf (billion cubic feet) between December 29, 2017, and January 5, 2018.
A Look at Breakeven Prices and Trends i n Eagle Ford Well
According to IHS, the top quintile wells are dominated by EOG Resources (EOG), Marathon Oil (MRO), and ConocoPhillips (COP).
Is Iraq’s Crude Oil Production Bullish or Bearish for Oil Traders?
The EIA estimates that Iraq’s crude oil production fell by 35,000 bpd (barrels per day) to 4,320,000 bpd in November 2017 compared to the previous month.
Analyzing the API’s Gasoline and Distillate Inventories
On December 19, 2017, the API released its crude oil inventory report. US gasoline inventories rose by 2 MMbbls (million barrels) on December 8–15, 2017.
OPEC’s Crude Oil Production Hit the Lowest Level since May
OPEC’s crude oil production fell by 252,000 bpd (barrels per day) to 32,463,000 bpd in November 2017, according to the EIA.
Energy Stocks Underperformed Oil and the Broader Market
On December 1–8, 2017, oilfield services stock Seadrill Limited (SDRL) was the largest loser among energy stocks.
Is OPEC Underestimating US Crude Oil Production?
US crude oil production rose by 25,000 bpd (barrels per day) or 0.3% to 9,707,000 bpd on November 24–December 1, 2017, according to the EIA.
US Crude Oil Production: Bearish Driver for Oil Prices
The EIA estimates that US crude oil production rose by 25,000 bpd (barrels per day) or 0.3% to 9,645,000 bpd on November 3–10, 2017.
Will US Gasoline Demand Help Oil Bulls or Bears?
The EIA estimates that US gasoline demand rose by 35,000 bpd (barrels per day) or 0.4% to 9,496,000 bpd on October 27–November 3, 2017.
US Distillate Inventories Are at 32-Month Low
The EIA reported that US distillate inventories fell by 3,359,000 barrels to 125.5 MMbbls (million barrels) or 2.6% between October 27, 2017, and November 3, 2017.
US Gasoline Inventories Hit 3-Year Low
The EIA reported that gasoline inventories in the US fell by 3,312,000 barrels to 209.5 MMbbls (million barrels) between October 27, 2017, and November 3, 2017.
Will Non-OPEC and US Crude Oil Production Impact Oil Prices?
The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 46,000 bpd to 9,553,000 bpd on October 20–27, 2017.
OPEC’s Crude Oil Production Fell in October
Reuters estimates that OPEC’s crude oil production fell by 80,000 bpd (barrels per day) to 32,780,000 bpd in October 2017—compared to the previous month.
How US Distillate Inventories Impact Diesel and Crude Oil Prices
The US Energy Information Administration (or EIA) estimates that US distillate inventories fell by 1.4 MMbbls (million barrels) to 133.9 MMbbls between September 29 and October 6.
US Gasoline Inventories Could Help Gasoline and Crude Oil Prices
The API (American Petroleum Institute) estimates that US gasoline inventories fell by 1.57 MMbbls (million barrels) on September 29–October 6, 2017.
Eagle Ford: Sanchez Energy’s Mainstay
Sanchez Energy holds more than 4,000 drilling locations on 356,000 net acres in the Eagle Ford.
Sanchez’s Key Strategies after the Comanche Acquisition
One of Sanchez Energy’s (SN) key strategic initiatives in 2017 was the Comanche acquisition from Anadarko Petroleum (APC). The acquired properties included 318,000 gross operated acres with production of 67,000 barrels of oil equivalent.
Will Brent and US Crude Oil Prices Rise in 2018?
November US crude oil (DWT)(UWT)(USO) futures are above their 20-day, 50-day, and 100-day moving averages at $49.25, $48.77, and $48.11 per barrel as of September 25.
Will US Crude Oil Futures Fall from 4-Month Highs?
WTI (West Texas Intermediate) crude oil (RYE) (VDE) futures hit $26.21 per barrel on February 11, 2016—the lowest level in more than a decade.
These Have Been the Top 5 Energy M&A Deals So Far This Year
Merger and acquisition (or M&A) activity in the oil and gas sector has been in high gear in 2017.
Inventories Are 25% above 5-Year Average
The US Energy Information Administration (or EIA) released its weekly crude oil and gasoline inventory report on September 20, 2017.
Will Major Oil Producers Extend the Output Cut Deal past March?
October WTI (West Texas Intermediate) crude oil (USO)(UCO)(DIG) futures contracts rose 0.16% and were trading at $49.98 per barrel in electronic trading at 2:10 AM EST on September 18.
Analyzing Wall Street Targets for JONE, HES, SN, DNR, and AREX
In this part of our series, we’ll analyze Wall Street recommendations for the five most leveraged oil and gas producers we’ve been discussing in this series.
Is Sanchez Energy Repeating an Old Debt Mistake?
Since 1Q16, crude oil (USO)(SCO) prices have risen from lows of $26.05 per barrel to $49.30 per barrel as of September 13.
Why These Upstream Companies Might Struggle to Pay their Debt
The steep fall in crude oil (USO) as well as natural gas (UNG) and NGLs (natural gas liquids) prices from June 2014 to February 2016 saw these commodities fall ~76% and ~75%, respectively.
How OPEC and Saudi Arabia Drive Crude Oil Prices
October WTI (West Texas Intermediate) crude oil (RYE)(VDE)(XLE) futures contracts rose 0.84% and were trading at $47.8 per barrel in electronic trading at 2:15 AM EST today.
US Gasoline Futures Hit 2-Year High despite Inventory Rise
US gasoline inventories The U.S. Energy Information Administration reported that US gasoline inventories rose 35,000 barrels to 229.9 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell 2.1 MMbbls, or 0.9%, from the same period in 2016. For the third time in five weeks, inventories rose. A market survey estimated that US gasoline […]
Will US Crude Oil Futures Rise above Key Moving Averages?
Let’s track some important events for oil and gas traders between August 28 and September 1, 2017.
Energy Stocks: Last Week’s Top Losers
Between August 18 and 25, 2017, oilfield services stock Seadrill Limited (SDRL) was the largest loser among our list of energy stocks.
Chesapeake Energy’s Hedge Position for 2017 and 2018
Chesapeake Energy (CHK) has hedged 74.0% of its remaining forecast natural gas (UGAZ) volumes at $3.09 per Mcf.
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.
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.
Will Global Oil Consumption Beat Production?
WTI (West Texas Intermediate) crude oil (PXI)(USL)(SCO) futures contracts for September delivery fell 0.1% and were trading at $48.78 per barrel in electronic trading at 2:00 AM EST on August 14, 2017.
Crude Oil: Price Forecasts and Hedge Funds’ Position
Hedge funds increased their net long positions in US crude oil futures and options by 43,861 contracts or 18.4% to 282,362 contracts on July 25–August 1.
Will the OPEC and Non-OPEC Meeting Drive Crude Oil Futures?
September WTI (West Texas Intermediate) crude oil (RYE) (VDE) (UCO) futures contracts rose 1.1% to $49.58 per barrel on August 4, 2017.
US Crude Oil Inventories Fell below the 5-Year Average
The EIA reported that US crude oil inventories fell by 7.2 MMbbls to 483.4 MMbbls on July 14–21, 2017. Inventories fell below the five-year range.
Chesapeake Energy’s Production Plan for 2017
For 2017, Chesapeake Energy (CHK) has provided a production growth guidance range of 0%–4.0%.
US Distillate Inventories Support Diesel and Crude Oil Futures
US distillate inventories fell for the third time in the last five weeks. Inventories fell 1.4% for the week ending July 14, 2017.
Cabot Oil & Gas’s Production Expectations for 2017
Cabot Oil & Gas (COG) provided a 2Q17 production guidance of 1,780 MMcf (million cubic feet) per day–1,820 MMcf per day of natural gas.
Cushing Crude Oil Inventories: Biggest Weekly Fall since January
Cushing crude oil inventories have fallen for the ninth time in ten consecutive weeks. Any fall in Cushing inventories is bullish for crude oil prices.
US Crude Oil Production Near 2-Year High
The EIA reported that US crude oil production rose 59,000 bpd to 9.4 MMbpd between June 30, 2017, and July 7, 2017.
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.
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.
OPEC’s Crude Oil Production Hit a 2017 High
OPEC’s production cut compliance was at 92% in June 2017. Lower compliance from OPEC members and Russia could pressure crude oil prices.
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.
Iran’s Crude Oil Exports Could Impact Crude Oil Prices
The rise in crude oil export capacity suggests that Iran’s getting ready for a massive increase in crude oil production in 2018.
US Distillate Inventories Rose for the Fourth Straight Week
US distillate inventories rose by 1.1 MMbbls to 152.5 MMbbls on June 9–16, 2017. US distillate inventories rose for the fourth consecutive week.
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.
Crude Oil Storage in Tankers Hit a 2017 High
July US crude oil (XLE) (XOP) (USO) futures contracts fell 0.2% and were trading at $44.13 per barrel in electronic trade at 5:55 AM EST on June 20, 2017.
Which Energy Stocks Rose the Most Last Week?
Sanchez Energy (SN) rose 20.7% between June 9 and June 16, 2017.
Will the US Crude Oil Rig Count Pressure Oil Prices?
Baker Hughes released its weekly US crude oil rig count report on June 16, 2017. The US crude oil rig count rose by six or 0.8% to 747 on June 9–16, 2017.
A Look at Oasis’s Likely Stock Price Range for the Next 7 Days
Oasis Petroleum’s implied volatility On June 14, 2017, Oasis Petroleum’s (OAS) implied volatility was ~61%, which was ~4.2% higher than its 15-day average of ~58%. In comparison, peers Continental Resources (CLR) and Sanchez Energy (SN) have implied volatility of 39% and ~71%, respectively. Forecasting Oasis Petroleum’s stock price range Considering Oasis Petroleum’s implied volatility and […]
Crude Oil Futures Could Surprise Traders This Week
WTI crude oil (BNO) (SCO) (IEZ) (IXC) active futures are near their November 2016 levels. Prices have fallen 11.5% in the last 12 months.
Will US Crude Oil Inventories Fall for the Ninth Week?
The API estimated that US crude oil inventories fell by 4.6 MMbbls (million barrels) between May 26, 2017, and June 2, 2017.
Asia’s Crude Oil Imports and Demand Could Drive Oil Prices
China’s General Administration of Customs estimates that the country’s crude oil imports fell by 810,000 bpd to 8.4 MMbpd in April 2017—compared to March.
Analyzing the US, Canada, and Brazil’s Crude Oil Production
The US is the world’s third-largest crude oil producer. US crude oil production rose by 15,000 bpd to 9,320,000 bpd on May 12–19, 2017.
US Distillate Inventories Fell for the Ninth Time in 10 Weeks
June diesel futures contracts rose 0.7% to $1.47 per gallon on May 3, 2017. Prices rose due to the fall in distillate inventories.
Chesapeake Energy’s Production Expectation for 2017 and Beyond
Chesapeake Energy’s (CHK) 2017 production growth guidance is -3.0%–2.0%. It plans to increase its production 5.0%–15.0% annually through 2020.
OECD’s Crude Oil Inventories Impact Crude Oil Futures
The EIA estimates that OECD’s crude oil inventories fell by 7.69 MMbbls (million barrels) to 2,977 MMbbls in March 2017—compared to the previous month.
Cushing Crude Oil Inventories Fell from an All-Time High
For the week ending April 14, 2017, the EIA reported that Cushing crude oil inventories fell by 0.8 MMbbls (million barrels) to 68.6 MMbbls.
Analyzing Cabot Oil & Gas’s Production Guidance
Cabot Oil & Gas (COG) provided a production growth guidance range of 5.0%–10.0% for 2017. The company’s 2016 production was 627.1 Bcfe.
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.
Why the Numbers Look Bearish for These Upstream Stocks
All these upstream companies have seen the short interest in their stocks rise—an potential indication of market skepticism in these companies’ abilities to profit from oil’s recent gains.
Why US Crude Oil Output Hit a High from January 2016
US crude oil output is at the highest level since January 25, 2016. The rise in crude oil output is the biggest bearish driver for crude oil prices in 2017.
Apache’s Implied Volatility and Stock Price Forecast
Currently, Apache’s (APA) implied volatility is ~24.3%, which is 7.4% lower than its 15-day average of ~26.2%.
Producers’ Production Cut Deal: Will the Extension Happen?
Crude oil (IEZ) (RYE) (USO) (XOP) prices rose ~16% between November 15, 2016, and March 6, 2017, due to major oil producers’ production cut deal.
Upstream Stocks: How Returns Impact Implied Volatility
On March 10, 2017, Cobalt International Energy (CIE) had the highest implied volatility among the upstream stocks that are part of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
What Cabot Expects for Growth in 2017
Cabot’s 2017 capex plans Cabot Oil & Gas’s (COG) 2017 exploration and production (or E&P) capital budget is $650 million. Including its equity pipeline investments in the Atlantic Sunrise pipeline and other expenses related to Marcellus and Eagle Ford activity, Cabot’s total capital budget for 2017 is expected to be $720 million. D&C capital Approximately […]
What Are Anadarko Petroleum’s Capex Plans in 2017?
Anadarko’s 2017 capex plan On March 7, 2016, Anadarko Petroleum (APC) announced its 2017 capex program and guidance. The 2017 capital expenditure budget is $4.5 billion–$4.6 billion, a ~40% increase from its capex of $3.3 billion in 2016. The $2.8 billion reported above does not include its $491 million of capital spending in Western Gas Partners […]
US Distillate Inventories Fell for the Fourth Consecutive Week
The EIA reported that US distillate inventories fell by 2.7 MMbbls (million barrels) to 161.5 MMbbls between February 24, 2017, and March 3, 2017.
Hedge Funds Change Net Long Positions in WTI Crude Oil
The CFTC released its weekly Commitments of Traders report on March 3. Hedge funds’ net long positions hit 413,637 contracts in the week ending February 21.
Hedge Funds’ Net Long Positions in WTI Reached a New High
Hedge funds’ net long positions rose by 23,299 contracts to 413,637 contracts in the week ending on February 21, 2017—compared to the previous week.
Understanding Anadarko’s Forecasted Stock Price for the Coming Week
On February 27, 2017, APC implied volatility was ~26.4%—0.47% higher than its 15-day average of ~26.3%.
Continental Resources’ 4Q16 Earnings Better Than Expected
Continental Resources (CLR) reported its 4Q16 earnings on February 23, 2017. Its revenue was ~$550.0 million compared to the estimated $581.0 million.
Short Interest: Where to Look in the Upstream Energy Sector
On February 24, 2017, California Resources (CRC) had the highest short interest-to-equity float ratio among the upstream stocks in XOP at ~30.3%.
Whiting Petroleum Reported Upbeat 4Q16 Earnings and Revenue
Whiting’s 4Q16 revenue was ~$474 million versus an estimate of $345 million. Its revenue in 4Q15 was ~$467 million.
What’s Sanchez Energy’s Implied Volatility Trends?
Sanchez Energy’s (SN) current implied volatility is ~62.0%, which is 1.5% lower than its 15-day average of ~63.0%.
How Short Interest Impacts Your Upstream Stocks
On February 17, 2017, California Resources (CRC) had the highest short interest-to-equity float ratio among the upstream stocks in XOP at ~30.1%.
Analyzing Sanchez Energy’s Volatility: Why Is It Increasing?
Sanchez Energy’s implied volatility rose 4.6% on February 13, 2017. On the same day, the stock fell 0.8%. It provided an update on the Comanche acquisition.
Forecasting Anadarko Petroleum’s Stock Price for Next Week
On February 10, 2017, Anadarko Petroleum’s (APC) implied volatility was ~25.4%. The stock will close between $66.90 and $71.78 in the next seven days.
Concho Resources Stock: Outlook for Next Week
On February 10, 2017, Concho Resources’ (CXO) implied volatility was ~28.3%, which was 3.6% lower than its 15-day average of ~29.3%.