Synergy Resources Corp
Why Are Investors Bearish on These Upstream Stocks?
California Resources’s short interest-to-equity float ratio has been following a rising trend for the last three months. During this period, the stock has fallen 20.5%—the largest fall among the upstream stocks.
Which Upstream Stocks Have the Highest Short Interest?
On December 23, 2016, California Resources (CRC) had the highest short interest-to-equity float ratio of ~37% among the upstream stocks in XOP.
Crude Oil Prices Follow a Long-Term Trend, Could Hit $25 per Barrel
Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.
API Crude Inventory Estimates Could Weigh on Crude Oil Prices
On September 20, the API will release its weekly crude oil inventory report. US crude oil inventories could have risen by 2,300,000 barrels from September 9–16.
Are These Bearish Upstream Stocks in Your Portfolio?
On December 5, 2016, California Resources (CRC) had the highest short interest-to-equity float ratio of ~42.5% among the upstream stocks in XOP.
Federal Reserve and OPEC Pressure Crude Oil Prices
On December 14, the Federal Reserve reported that it would raise the interest rate by 25 basis points. As a result, the US Dollar Index appreciated by 0.7%.
US Crude Inventories and OPEC Push Crude Oil to 5-Month High
November WTI (West Texas Intermediate) crude oil futures contracts rose 2.3% and settled at $49.83 per barrel on October 5, 2016.
Libya, Iran, and Nigeria Could Impact Crude Oil Prices in 2017
Libya’s crude oil production On December 20, 2016, Libya’s National Oil Corporation reported that pipelines leading from the Sharara and El Feel fields were reopened. The pipelines were closed for two years due to militant attacks. The pipelines are expected to add 270,000 bpd (barrels per day) of crude oil supply over the next three months. The […]
Will Russia’s Crude Oil Production Impact Crude Oil Prices?
Russia is the largest crude oil producer in the world. Its crude oil production was flat at 11.1 MMbpd in February 2017—compared to the previous month.
Upstream Stocks that Lead in Short Interest
On October 28, California Resources (CRC) had the highest short interest-to-equity float ratio of ~44.8% among the upstream stocks in XOP.
Will the US Crude Oil Inventories Report Benefit Crude Oil Prices?
US crude oil inventories hit an all-time high of 543.6 MMbbls in the week ending April 29, 2016. This will limit the upside potential for crude oil prices.
Which Oil-Weighted Stocks Have Strong Correlations with Crude Oil?
On July 18, 2016, US crude oil (USO) (OIIL) (BNO) (SCO) contracts for September delivery closed at $45.94 per barrel.
Donald Trump’s Victory Pressures US Crude Oil Prices
December WTI (West Texas Intermediate) crude oil futures contracts fell 1.4% to $44.3 per barrel in electronic trade at 2:40 AM EST on November 9, 2016.
These Upstream Stocks Have the Highest Short Interest
California Resources’ short-interest-to-equity-float ratio has risen 51.8% over the last three months.
OECD’s Oil Inventories Reached an All-Time High
OECD’s oil inventories are at the highest level ever. Record oil inventories are bearish for crude oil (PXI) (ERX) (DIG) (USL) (IXC) prices.
US Distillate Inventories Are near a 7-Year High
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 0.7 MMbbls to 170.1 MMbbls from February 3–10, 2017.
Why Did UNG Outperform USO?
From June 23—30, the United States Natural Gas ETF (UNG) outperformed the United States Oil ETF (USO). UNG rose ~6.8%, while USO fell ~3.4%.
Why Is XOP Underperforming Other Energy ETFs?
The fall in energy ETFs started after the fall in oil prices on July 5, 2016, and when Brexit concerns and supply-related fears resurfaced.
Will OECD Crude Oil Inventories Impact Crude Oil Prices in 2017?
The EIA estimates that OECD crude oil inventories rose by 15.9 MMbbls to 3,061 MMbbls in November 2016—compared to the previous month.
Noble Energy Sets the Stage for Another Earnings Beat in 3Q16
Noble Energy (NBL) is expected to release its 3Q16 earnings results on November 2, 2016. What can investors expect?
Upstream Stocks with Highest Short Interest-to-Equity Float Ratio
On October 7, 2016, California Resources (CRC) had the highest short interest-to-equity float ratio of 39.1% among upstream stocks in XOP.
US Dollar Could Pressure Crude Oil Prices This Week
October West Texas Intermediate crude oil futures contracts fell 3% and settled at $44.9 per barrel on September 13, 2016.
Which Oil-Weighted Stocks Lead in the Correlation with Crude Oil?
On July 25, US crude oil (USO) (OIIL) (USL) (SCO) contracts for September delivery closed at $43.13 per barrel—2.4% below its previous closing price.
India’s Crude Oil Demand Growth Is at Its Highest in 10 Years
India’s Petroleum, Planning, and Analysis Cell reported that India’s crude oil consumption was at 48.5 million tons between April 2016 and June 2016.
Crude Oil Is at a 2016 High: Looking at Upstream Stocks
On May 16, 2016, US crude oil (USO) closed at $47.72. So far, it’s the highest level in 2016. It’s the highest level since November 3, 2015.
Did US Crude Oil Production Fall for the 12th Consecutive Week?
Weekly US crude oil production has fallen by 7.5% from the peak level of 9.7 MMbpd from October 17, 2014.
US Crude Oil Production Remained Flat: What Does It Mean?
The EIA (U.S. Energy Information Administration) reported that the weekly US crude oil production remained flat at 9.1 MMbpd for the week ending March 4, 2016.
Crude Oil Supply and Demand Gap: Will It Narrow or Widen?
The consensus of slowing US crude oil production will continue to narrow the supply and demand gap as long as demand stays steady.