Triangle Petroleum Corp

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  • uploads///image
    Macroeconomic Analysis

    Analyzing Crude Oil Prices in 2016 and 2017

    Crude oil prices were $54.1 per barrel on December 28—the highest since July 14, 2015. As of January 16, 2017, crude oil prices are 3.4% below their highs.

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

    Libya’s Crude Oil Production: Bears Could Control Oil Prices

    Libya’s crude oil production was at 1,030,000 bpd in July 2017. Production has risen ~60% from its levels in January 2017.

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

    US Crude Oil Inventories Could Reach Record Levels

    On February 22, the API will release its weekly crude oil inventory report. US crude oil inventories could have risen from February 10–17, 2017.

    By Gordon Kristopher
  • uploads///libya
    Macroeconomic Analysis

    Libya’s Crude Oil Production Reached a 3-Year High

    Libya’s National Oil Corporation reported that the country’s crude oil production rose by 300,000 bpd between September 2016 and January 2017.

    By Gordon Kristopher
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    Miscellaneous

    Can OPEC and Russia Rescue the Oil Market?

    The EIA estimates that OPEC’s crude oil production rose by 90,000 bpd to 31.71 MMbpd (million barrels per day) in April 2017—compared to March 2017.

    By Gordon Kristopher
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    Macroeconomic Analysis

    US Dollar near 7-Month High: Will It Pressure Crude Oil Prices?

    November West Texas Intermediate crude oil futures contracts fell 0.8% and settled at $49.94 per barrel on October 17, 2016.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Why Morgan Stanley Expects Crude Oil Prices to Trend even Lower

    As of the end of April, crude oil prices had rallied by almost 70% since the lows of February 2016. But prices were still ~60% lower than in June 2014.

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

    Will US Crude Oil Inventories Pressure Oil Prices?

    September US crude oil (BNO) (IEZ) (UCO) futures contracts fell 0.3% to $46.4 per barrel in electronic trading at 2:15 AM EST on July 19, 2017.

    By Gordon Kristopher
  • uploads///oil prices
    Miscellaneous

    Will Crude Oil Prices Break below the 100-Day Moving Average?

    So far, crude oil prices and broader markets such as the S&P 500 (SPY) (SPX-INDEX) are diverging in 2017. SPY has risen 4% YTD (year-to-date).

    By Gordon Kristopher
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    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///oil producers
    Macroeconomic Analysis

    Crude Oil Prices Skyrocket before OPEC’s Meeting

    Crude oil prices rose on November 15, 2016. However, expectations of a bearish crude oil inventory report could pressure crude oil prices.

    By Gordon Kristopher
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    Miscellaneous

    Why Investors Are Tracking US Gasoline Demand

    The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.

    By Gordon Kristopher
  • uploads///usdx and crude oil
    Macroeconomic Analysis

    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%.

    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
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    Macroeconomic Analysis

    US Dollar near 9-Month High: Is It Bearish for Crude Oil Prices?

    December WTI crude oil futures contracts rose on October 21, 2016, due to expectations of OPEC and Russia reaching an agreement to cap production.

    By Gordon Kristopher
  • uploads///crude oil price chart
    Macroeconomic Analysis

    Crude Oil Prices in 2016: Crucial Support and Resistance Levels

    Crude oil has rallied by almost 40% in the past two months. But prices have fallen by 65% since June 2014. Oil prices have breached key moving averages.

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

    Gasoline Futures and Crude Oil Prices Diverged

    April gasoline futures fell 1.3% to $1.58 per gallon on March 15, 2017. Prices fell despite the fall in US gasoline inventories.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    Goldman Sachs: OPEC and Russia Could Pressure Oil Prices

    Goldman Sachs (GS) thinks that a rise in production from OPEC, Russia, and the US in 2H18 could lead to renewed oversupply by the end of 2018.

    By Gordon Kristopher
  • uploads///opec spare production capacity
    Miscellaneous

    OPEC’s Spare Production Capacity Fell: Will It Impact Oil Prices?

    The EIA estimated that OPEC’s spare crude oil production capacity fell by 36,277 bpd to 2.32 MMbpd in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///cush
    Macroeconomic Analysis

    Cushing Crude Oil Inventories: More Pain for Oil Prices?

    Market surveys estimate that Cushing crude oil inventories rose from March 3–10. A rise in crude oil inventories could pressure US crude oil prices.

    By Gordon Kristopher
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    Miscellaneous

    Fall in US Refinery Demand and Imports Impacted Inventories

    US refineries operated at 91.5% of their operable capacity in the week ending May 5, 2017. The US refinery demand fell for the second consecutive week.

    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///gdp consu and wti
    Macroeconomic Analysis

    Oil Prices, World Oil Consumption, and Global Economic Growth

    Steady world oil consumption would support oil prices in 2017. The change in world consumption is expected to average 1.6% in 2017.

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

    US Crude Oil Production Fell for the First Time since February

    US crude oil production fell by 9,000 bpd to 9,305,000 bpd on May 5–12, 2017. Production fell 0.1% week-over-week, but rose 5.8% year-over-year.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Why US Crude Oil Prices Hit Highest Level since July 2015

    April WTI (West Texas Intermediate) crude oil (BNO) (IXC) (IYE) futures contracts rose 1.6% and settled at $54.45 per barrel on February 23, 2017.

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

    Gasoline Demand: Important for Crude Oil Bulls

    The EIA reported that US gasoline demand rose by 114,000 bpd to 9.8 MMbpd from July 8–15, 2016.

    By Gordon Kristopher
  • uploads///TPLM
    Consumer

    A must-know overview of Triangle Petroleum’s subsidiaries

    TUSA is Triangle’s wholly owned E&P subsidiary located in the Williston Basin that generated ~$160 million of revenue and ~$110 million of EBITDA in 2013.

    By Samuel Madden, CFA
  • uploads///XOP Underperform Other Energy ETFs
    Energy & Utilities

    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.

    By Rabindra Samanta
  • uploads///Refining Marketing Returns
    Energy & Utilities

    CRAK Offers Exposure to Crude Oil Refining Companies

    Van Eck Global launched the VanEck Vectors Oil Refiners ETF (CRAK) on August 18, 2015. CRAK is a good option for investors who want exposure to the energy sector but don’t expect energy prices to rise anytime soon.

    By Manu Milan
  • uploads///Latest Aug
    Energy & Utilities

    Why Were Crude Oil Price Forecasts Downgraded Again?

    A Wall Street Journal survey estimates that US crude oil prices could average $51 per barrel in 2018—$2 per barrel lower than previous estimates.

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

    How Hurricane Harvey May Impact US Crude Oil Production

    US crude oil production  The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 2,000 bpd (barrels per day) to 9,530,000 bpd between August 18 and 25, 2017. Production rose 1,042,000 bpd, or 12.3%, from the same period in 2016. It has risen for three consecutive weeks to August 25, and has reached […]

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

    Will US Crude Oil and Gasoline Inventories Support Oil Prices?

    September WTI (West Texas Intermediate) crude oil (OIH) (SCO) (DIG) futures contracts rose 0.5% to $47.81 per barrel in electronic trading at 1:50 AM EST on August 16, 2017.

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    Decoding US Crude Oil Price Forecasts and Moving Averages

    August US crude oil (VDE) (IEZ) (XES) futures are trading above their 20-day moving average of $45 per barrel as of July 3, 2017.

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

    US Crude Oil Production: Biggest Weekly Fall since July 2016

    The EIA (U.S. Energy Information Administration) reported that US crude oil production fell by 100,000 bpd to 9,250,000 bpd on June 16–23, 2017.

    By Gordon Kristopher
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    Miscellaneous

    Are OECD’s Crude Oil Inventories Helping Crude Oil Bears?

    The EIA estimates that OECD’s crude oil inventories rose by 2.31 MMbbls (million barrels) or 0.1% to 3,021.5 MMbbls in May 2017—compared to April 2017.

    By Gordon Kristopher
  • uploads///oas inv
    Company & Industry Overviews

    Oasis Petroleum’s Acreage Position in the Williston Basin

    According to its investor presentation released on May 17, 2017, Oasis Petroleum (OAS) holds a premier acreage position in the Williston Basin. This series will look at what we can expect from Oasis this year.

    By Keisha Bandz
  • 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///cush
    Miscellaneous

    Analyzing Cushing Crude Oil Inventories and US Crude Oil Futures

    A fall in Cushing inventories could benefit US crude oil (BNO) (SCO) (UCO) prices. Crude oil prices have risen 2.8% in the last four weeks.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    Is US Gasoline Demand Turning Bearish?

    The EIA estimated that four-week average US gasoline demand fell by 22,000 bpd (barrels per day) to 9,215,000 bpd on April 21–28, 2017.

    By Gordon Kristopher
  • uploads///DXY
    Miscellaneous

    US Dollar Is near a 5-Month Low: Can It Support Crude Oil Bulls?

    The US Dollar Index fell 1% to 98.9 for the week ending April 28, 2017. The dollar hit a high of 103.8 on January 3, 2017—the highest level in 14 years.

    By Gordon Kristopher
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    Macroeconomic Analysis

    EIA Reported a Surprise Draw in US Gasoline Inventories

    The EIA reported that US gasoline inventories fell by 0.9 MMbbls (million barrels) to 256.2 MMbbls between January 27, 2017, and February 3, 2017.

    By Gordon Kristopher
  • uploads///US weekly gasoline inventories
    Macroeconomic Analysis

    Gasoline Inventories Pressure Gasoline and Crude Oil Prices

    For the week ending December 9, 2016, US gasoline inventories were 5% higher than they were in the same period in 2015.

    By Gordon Kristopher
  • uploads///avg stock market reurtns rep and dem
    Macroeconomic Analysis

    US Stock Market Performance: Republican versus Democrat

    The US stock market is volatile because the election is right around the corner. The US presidential election will take place on November 8, 2016.

    By Gordon Kristopher
  • uploads///api crude oil
    Macroeconomic Analysis

    Why US Crude Oil Inventories Are Near October 2015 Levels

    US crude oil (UWTI) (IXC) (ERY) (BNO) (RYE) inventories rose by 4.9 MMbbls (million barrels) to 474 MMbbls between September 30 and October 7.

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

    Nigeria’s Crude Oil Production Fell for 2nd Consecutive Month

    A Bloomberg survey indicated that Nigeria’s crude oil production fell by 130,000 bpd (barrels per day) to 1.4 MMbpd (million barrels per day) in August 2016 compared to the previous month.

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

    Russia’s Crude Oil Production Will Pressure the Crude Oil Market

    Russia’s crude oil production rose to 10.84 MMbpd in June 2016—compared to the previous month—according to sources from the Russian Energy Ministry.

    By Gordon Kristopher
  • uploads///How the economy has been affected by lower crude oil price
    Miscellaneous

    How Are Key Macroeconomic Indicators Affecting Oil?

    The US (SPY) (VOO) consumer sentiment index was 93.5 for June’s final reading, according to the University of Michigan survey released on June 24, 2016.

    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///IV of upstream stocks
    Miscellaneous

    Upstream Stocks with High and Low Implied Volatility

    As of June 17, 2016, Triangle Petroleum (TPLM) had the highest implied volatility among upstream stocks at 225.5. Its 15-day average implied volatility was 232.5.

    By Rabindra Samanta
  • uploads///AMLP Fell the Least Compared Other Energy ETFs
    Macroeconomic Analysis

    AMLP Fell: Did It Outperform Other Energy ETFs?

    The Alerian MLP ETF (AMLP) outperformed other energy ETFs from June 9–16, 2016. Falling crude oil has less of an impact on midstream companies.

    By Rabindra Samanta
  • uploads///Crude Oil versus Dollar Index
    Miscellaneous

    Will the Dollar’s Recovery Affect Crude Oil?

    Between June 7 and June 14, 2016, crude oil (USO) fell by ~3.7% while the US dollar index (UUP) rose by around 1.2%.

    By Rabindra Samanta
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    Miscellaneous

    What Do Key Economic Indicators Suggest for Crude Oil?

    The one-month correlation of crude oil prices with the US Dollar Index was -9.2% on May 27. It shows the US dollar’s inverse impact on crude oil prices.

    By Rabindra Samanta
  • uploads///How Has the Correlation Between Crude Oil and the Dollar Index Evolved
    Miscellaneous

    What’s the Correlation between Crude Oil and the US Dollar Index?

    Between May 24 and May 31, crude oil gained about 0.98% despite the fact that the US Dollar Index also rallied around 0.33%.

    By Rabindra Samanta
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    Company & Industry Overviews

    Continental Resources: An Introduction

    In this series, we will analyze how badly Continental Resources (CLR) was hit by weak oil prices, and what measures it has taken to counter this situation. In 2015, crude oil accounted for 66% of CLR’s total production and 85% of its revenues.

    By Keisha Bandz
  • uploads///Probability of a Hike in Interest Rate in June
    Miscellaneous

    How Did the Consumer Price Index Affect Crude Oil Prices?

    The US (SPY) (VOO) CPI (consumer price index) rose 0.4% on a month-over-month basis in April, according to a US Department of Labor report on May 17, 2016.

    By Rabindra Samanta
  • uploads///China crude oil production
    Macroeconomic Analysis

    How Will China and India Impact the Crude Oil Market in 2016?

    China’s crude oil production fell to the lowest level in four years. It fell by 5.6% YoY (year-over-year) to 16.6 metric tons in April 2016.

    By Gordon Kristopher
  • uploads///How Has the Correlation Between Crude Oil and the Dollar Index Evolved
    Miscellaneous

    What’s the Correlation between Crude Oil and the Dollar Index?

    Between September 2007 and April 2013, the crude oil (USO) and dollar index (UUP) one-month correlation was positive in only a few instances.

    By Rabindra Samanta
  • uploads///Correlation Analysis of Crude Oil With Dollar Index
    Macroeconomic Analysis

    What Are Key Macroeconomic Indicators for Crude Oil?

    The last one-month correlation of crude oil with the US Dollar Index spot stood at 2.4% on May 6, 2016. This is a low correlation.

    By Rabindra Samanta
  • uploads///india oil demand
    Macroeconomic Analysis

    Why South Korea and India Are Bullish Forces for Crude Oil

    In this part of the series, we’ll look at some more bullish drivers for crude oil prices over the long term.

    By Gordon Kristopher
  • uploads///Iran production
    Macroeconomic Analysis

    What’s Next for the Crude Oil Mark in Iran?

    Iran is the third-largest oil producer in OPEC. Bloomberg projects that its crude oil production rose by 300,000 bpd to 3.5 MMbpd in April 2016 over March.

    By Gordon Kristopher
  • uploads///non opec
    Macroeconomic Analysis

    Slower Non-OPEC Production and Other Bullish Forces for Crude Oil

    The IEA (International Energy Agency) estimates that crude oil production from non-OPEC producers could see the biggest decline in 25 years.

    By Gordon Kristopher
  • uploads///us retail gasoline prices
    Macroeconomic Analysis

    Gasoline Prices: Roller Coaster Ride Continues in 2016

    May gasoline futures trading in NYMEX rose by 0.7% and settled at $1.39 per gallon on April 6. Gasoline prices rallied almost 30% from the lows in February.

    By Gordon Kristopher
  • uploads///crude oil seasonality
    Macroeconomic Analysis

    How Seasonality Impacts Crude Oil Prices

    Seasonality plays a key role in influencing crude oil prices. Crude oil prices tend to rise in August due to the summer driving season, which results in a rise in gasoline demand.

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

    Pressure for Crude Oil Prices? Inventory Rose for the Seventh Week

    The EIA reported that the US crude oil inventory rose by 2.3 MMbbls (million barrels) to 534.8 MMbbls between March 18, 2016, and March 25, 2016.

    By Gordon Kristopher
  • uploads///WTI  month chart July
    Macroeconomic Analysis

    Crude Oil Prices Test the Key Support: Hit a 2-Month Low

    Crude oil prices resumed their long-term downward trend yesterday. Bearish oversupply factors and Iran’s nuclear deal could drag WTI prices lower.

    By Gordon Kristopher
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