Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion.
Key factors have been supporting CHK stock recently, including rising oil prices, strong earnings, higher production, and the company paying down its debt.
Range Resources’ 4Q17 revenue In 4Q17, Range Resources (RRC) reported revenue of ~$600 million, lower than Wall Street analysts’ estimate of ~$626 million. RRC’s revenue rose ~24% from its 3Q17 revenue of ~$482 million and ~2% from its 4Q16 revenue of ~$590 million. Reasons behind Range Resources’ higher revenue in 4Q17 Range Resources’ higher revenue could be attributed […]
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price decreased strongly by ~6.0% for the week ended January 19. Natural gas (UGAZ)(DGAZ)(UNG) prices fell marginally by ~0.5%.
Canadian Pacific’s railcar traffic Calgary-based Canadian Pacific Railway (CP) posted a marginal gain of 0.6% in its carload traffic in the week ended January 13, 2018, from 29,000 carloads in the week ended January 14, 2017, to 29,300 units. The company’s volume growth was in tune with that of US railroads but contrasted with the decline […]
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.
Anadarko Petroleum stock Since late 2017, Anadarko Petroleum (APC) stock has mostly followed an uptrend, like most energy stocks. Year-to-date, Anadarko Petroleum’s stock has fallen ~16.6%. In comparison, the Energy Select Sector SPDR ETF (XLE) has risen ~3%, and the S&P 500 SPDR ETF (SPY) (SPX-INDEX) has risen 24%. Anadarko Petroleum stock has been driven primarily […]
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.
For the week starting January 1, 2018, crude oil prices have risen ~2%, from last week’s close of $60.42 per barrel to $61.63 per barrel on January 3, 2018.
For the week ending December 29, Southwestern Energy stock rose ~4.9% from $5.32 to $5.58. The stock rose in the first three trading sessions of the week.
As we saw in part one of this series, EQT (EQT) had normalized free cash flows of ~5% in the first nine months of 2017, the fifth highest among crude oil (USO) and natural gas (UNG) (UGAZ) producers we have been tracking.
This week, unleaded gasoline (UGA) prices are leading the rise in energy commodities. Gasoline prices rose very strongly from last week’s close of $1.655 per gallon on December 15 to $1.745 per gallon on December 20, an increase of ~5.4%.
CSX’s carloads in Week 49 In 2017, among all Class I railroads, Jacksonville-headquartered CSX (CSX) has consistently reported lower YoY (year-over-year) freight volumes. The week ended December 9 was a no exception. In that week, CSX reported a 1.8% decline in carload traffic. CSX’s carload volumes fell to ~71,000 units from ~72,100 carloads in the week ended […]
Chesapeake Energy (CHK) stock continued to fall in the week ended December 15, 2017, by 4.6% from the previous week. This year, CHK stock has fallen 49%.
Kansas City Southern’s carloads Over the past few weeks, US-Mexico railroad Kansas City Southern (KSU) has seen higher freight volumes year-over-year. In the week ended November 18, 2017, KSU’s carload traffic stood at 26,600 units, up 5.7% from the 25,200 units it reported in the week ended November 19, 2016. Whereas many US railroads reported volume losses, Kansas City […]
December natural gas (GASL) (BOIL) futures were below their 50-day and 100-day moving averages of $3.12 per MMBtu and $3.16 per MMBtu on November 16, 2017.
NYMEX natural gas (GASL) (FCG) futures contracts for December delivery rose 0.6% to $3.21 per MMBtu in electronic trading at 1:10 AM EST on November 10.
This week, natural gas (UNG) prices are leading the rise in energy commodities. Natural gas prices rose from last week’s close of $2.98 per mmBtu (million British thermal units) on November 3 to $3.15 per mmBtu on November 7.
PointLogic estimates that weekly US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 74.6 Bcf per day between October 19 and October 25, 2017.
In the week ended October 14, 2017, Jacksonville-based CSX’s (CSX) carloads remained nearly unchanged compared with the volumes in the week ended October 15, 2016.
In this article, we’ll look at CSX’s Merchandise segment’s revenue in the third quarter of 2017. The vertical’s revenue fell by $53.0 million or 3% to $1.68 billion in 3Q17 from $1.74 billion on a YoY (year-over-year) basis.
November natural gas (UGAZ)(DGAZ) futures contracts fell 1.13% to $2.96 per MMBtu (million British thermal units) in NYMEX electronic trading at 2:05 AM EST on October 16.
October US natural gas futures contracts rose 0.4% to $2.96 per MMBtu (million British thermal units) in electronic trading at 2:05 AM EST on September 22.
Market data provider PointLogic estimates that weekly US dry natural gas production rose by 0.2 Bcf (billion cubic feet) per day to 73.9 Bcf per day from September 7 to 13.
Following Noble Energy’s (NBL) 2Q17 earnings release on August 3, Noble Energy stock fell 8%. Since the beginning of this year, NBL’s stock has fallen 33.54%.
The EIA reported that US natural gas inventories rose by 17 Bcf or 0.6% to 2,990 Bcf on July 14–21. Inventories fell 9.2% from the same period in 2016.
September US natural gas (UNG) (UGAZ) (DGAZ) futures contracts rose 1.8% and closed at $2.97 per MMBtu (million British thermal units) on July 27, 2017.
GE proved analysts wrong by surpassing their 2Q17 revenue estimates of $28.9 billion. However, the most vivid aspect of its results was the 12% fall in its quarterly revenue.
