WPX Energy Inc
Latest WPX Energy Inc News and Updates
Cushing Crude Oil Inventories: What Does the Future Hold?
Bloomberg surveys projected that Cushing crude oil inventories fell by 0.7 MMbbls (million barrels) for the week ending June 3—compared to the previous week.
Natural Gas Could Test the Key Support of $2.50 per MMBtu
The key support level for natural gas is seen at $2.50 per MMBtu. Prices hit this mark multiple times in April 2015. Resistance is seen at $2.75 per MMBtu.
Inconclusive weather forecasts control natural gas prices
Natural gas prices continued their declining trend from last week due to mild weather forecasts on the East Coast from December 13 through December 22.
Crude Oil Continues to Trade Higher This Morning
Crude oil continues to trade higher due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.
Anadarko Petroleum Ranks Seventh in Terms of Cash Flow Growth
In this article, we’ll look into the cash flow growth expectations of Anadarko Petroleum (APC).
Did Natural Gas–Weighted Stocks Outperform Natural Gas?
Between June 13 and June 20, our equally weighted basket of natural gas–weighted stocks rose 4.6%—compared to a 6.2% rise in natural gas for the same period.
What Are Leon Cooperman’s Top Holdings?
In Q3, billionaire investor Leon Cooperman’s top five holdings were Fiserv, Alphabet, United Continental, Chimera Investment, and Cigna.
Natural Gas Supplies Rose for the Week Ended August 17
The EIA (U.S. Energy Information Administration) reported that US natural gas production averaged 78.9 Bcf per day in July 2016.
Natural Gas near $3: Which Gas-Weighted Stocks to Ride?
On March 6, 2017, natural gas futures contracts for April 2017 delivery closed at $2.9 per MMBtu, which is ~2.6% above the previous closing price.
How the Inventory Spread Could Boost Natural Gas Prices
In the week ended October 6, natural gas inventories rose by 87 Bcf (billion cubic feet) to 3,595 Bcf—13 Bcf more than the market expected inventories to rise.
Where US Crude Oil Prices Could Close Next Week
On August 9, US crude oil’s implied volatility was 23.1%, which was ~1.3% below its 15-day average.
Natural Gas Prices Fall Ahead of Expiry
Natural gas futures contracts for October delivery fell by 1.04% on September 25, 2015. Natural gas prices fell due to oversupply concerns.
Cold Weather Estimates Drive Natural Gas Prices Higher
NYMEX-traded natural gas for May increased by 1.54% on April 21, 2015. Prices increased due to cold weather estimates. This could increase the demand for natural gas.
Are Oil-Weighted Stocks and US Crude Oil Deviating?
Between February 11, 2016, and April 4, 2018, US crude oil active futures rose 141.8% from their 12-year low.
Will Oil Producers’ Meeting Support Crude Oil Prices in September?
OPEC producers will be meeting at an energy forum in Algeria from September 26–28, 2016. Crude oil prices are up by 16% so far in August 2016.
Rebound in Natural Gas Didn’t Help Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 13, 2017, natural gas rose 85.4% on a closing price basis.
OPEC Could Pressure US Natural Gas Prices in 2018
US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.
Natural Gas’s Rise: Why Gas-Weighted Stocks Are Underperforming
Between March 20, 2017, and March 27, 2017, natural gas futures contracts for May 2017 rose 1%. The commodity saw the small gain due to slightly bullish inventory data.
Can US Crude Oil’s Recovery Be Sustained?
On June 11, US crude oil July futures rose 0.5% and settled at $66.10 per barrel.
Which Natural Gas–Weighted Stocks Could Follow Oil?
WPX Energy had the lowest correlation with natural gas prices in the past five trading sessions. Southwestern Energy had among the highest correlations.
Winter Weather and Inventories Could Impact Natural Gas Prices
Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu this winter from November 2016 to March 2017.
US Natural Gas Prices Hit a 2016 High: What’s Next?
Natural gas prices rose due to cold weather forecasts and the bullish US natural gas inventory report. Prices hit a 2016 and two-year high.
Why Einhorn’s hedge fund bought a position in Intrexon Corp.
In this seven-part series, we’ll go through some of the main positions Greenlight Capital LP traded this past quarter. Why buy Intrexon Corp. (XON)?
Why Did Chesapeake Energy’s Stock Fall Last Week?
In the two weeks since January 6, 2017, Chesapeake Energy (CHK) has returned about -4.6%, underperforming the energy sector.
Oil Rigs Are the Biggest Concern for Natural Gas
In the week ending November 10, 2017, the oil rig count rose by nine—the largest rise since June 30, 2017. Strong oil prices spurred the rise.
Decoding US Natural Gas Consumption Trends
PointLogic estimates that US natural gas consumption rose ~2.1% to 57.8 Bcf (billion cubic feet) per day from May 31 to June 6.
Futures Spread: Divergence Is Important for Oil Traders
On December 3, US crude oil January 2019 futures closed ~$1.12 below the January 2020 futures.
Oil-Weighted Stocks at Maximum Risk, Oil Declines
On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18.
Wall Street’s Forecasts for EOG Resources before Its 3Q15 Earnings
Wall Street’s forecasts for EOG Resources had 68% of analysts rate it as “buy,” 29% rate it as “hold,” and 3% recommend as “sell”.
Why the Permian Has Been Important for Apache This Year
The Permian Basin has seen a flurry of deals over the past year. According to the EIA, 2016 saw higher M&A (merger and acquisition) activity than 2015.
The Rise or Fall of US Natural Gas Prices in 2Q17
As of April 6, 2017, US natural gas prices are above their 20-day, 50-day, 100-day, and 200-day moving averages. That suggests a bullish momentum for natural gas.
Which Oil-Weighted Stocks Might Rise with Oil?
On February 27, US crude oil April futures rose 2.6% and closed at $56.94 per barrel due to the EIA’s bullish inventory data.
Why Einhorn opened a new position in Tempur Sealy International
Einhorn acquired a small position (0.9%) in Tempur Sealy International Corp in 3Q 2013. Tempur Sealy International posted 111.4% increase in 3Q 2013 net sales.
Why Are WTI and Brent Crude Prices Moving in Opposite Directions?
March WTI crude oil futures contracts rose 0.36% and settled at $30.8 per barrel on February 18, 2016. Brent fell 0.64% and closed at $34.3 per barrel.
Comparing the Fall in Oil ETFs and Oil Last Week
On August 3–10, USO fell 1.3%, USL fell 0.5%, and UCO fell 2.8%. These ETFs track US crude oil futures.
Iran Running Out of Options: Could Oil Spike?
From June 29 to July 6, US crude oil August futures fell 0.5%. On July 6, US crude oil August futures settled at $73.80 per barrel.
Why Einhorn sold Greenlight’s position in State Bank Financial
Einhorn exited a 0.5% position in State Bank Financial Corp. He had purchased these shares in 2Q 2011. Net income for 3Q 2013 was $4.3 million.
Analysts Are Bullish about US Natural Gas Prices in 2017
Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu (million British thermal units) this winter.
Rise in Natural Gas Isn’t Good for Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 20, 2017, natural gas rose 85.4% on a closing price basis.
Natural Gas Prices Rise Due to Cold Weather Estimates
November natural gas futures contracts trading in NYMEX rose by 1.50% on Monday, September 28. Natural gas prices rose due to cold weather estimates.
Which Gas-Heavy Stocks Outperformed amid Falling Natural Gas?
Between February 10, 2017, and February 17, 2017, natural gas futures contracts for March 2017 delivery fell 6.6%.
Natural Gas Prices Fall despite the Warm Weather Consensus
NYMEX-traded natural gas futures contracts for October delivery fell by 1.09% on September 15. Natural gas prices fell despite the warm weather consensus.
How Hedge Funds Feel about Natural Gas Right Now
On September 29, the CFTC (U.S. Commodity Futures Trading Commission) is slated to release its weekly “Commitment of Traders” report.
Inventories Spread: What to Expect from Natural Gas
The market expects a rise of 63 Bcf in natural gas inventories for the week ending September 1, 2017. The EIA will report the data on September 7, 2017.
US Natural Gas Consumption Could Help the Prices
US natural gas consumption fell 0.17% to 57.1 Bcf/d (billion cubic feet per day) on October 12–18, 2017. It rose 3.1% from the same period in 2016.
Natural Gas Prices Fall for the Fourth Day Due to Mild Weather
NYMEX-traded natural gas futures contracts for October delivery fell on September 18. The consensus of mild weather estimates pushed natural gas prices lower.
Falling Inventories Didn’t Help Oil’s Rise
Since the latest EIA (U.S. Energy Information Administration) data were released on January 4, US crude oil February futures have risen 1.2%.
US Natural Gas Price Forecasts for 2017 and 2018
The EIA estimates that US natural gas prices could average $3.55 per MMBtu in 2017 and $3.73 per MMBtu in 2018. Prices averaged $2.51 per MMBtu in 2016.
Will US Natural Gas Futures End 2017 on a Low Note?
January US natural gas (UGAZ) futures contracts were below their 100-day, 50-day, and 20-day moving averages on December 21, 2017.
US Crude Oil Is at a 3-Year High
On April 18, 2018, US crude oil June futures rose 2.9% and closed at $68.47 per barrel—the highest closing level since December 2014.
Why Loeb Cut Exposure to Netflix, Microsoft, and Alibaba in Q4
In its third-quarter letter to investors, Third Point told investors that it reduced its “tech exposure meaningfully.”
Analyzing Gas-Heavy Stocks amid Falling Natural Gas Prices
From February 17–27, 2017, natural gas futures contracts for April 2017 delivery fell 8.8%. On March 3, 2016, natural gas futures touched a 17-year low.
Oil-Weighted Stocks Could Be Influenced by Volatile Oil Prices
On December 19, US crude oil February futures rose 3.4% from the lowest closing level in more than a year and closed at $48.17 per barrel.
A Large Fall in EIA Data Might Help Oil Prices to Rise
In the week ending on December 21, US crude oil inventories were 7% higher than their five-year average—unchanged from the previous week.
API Data and the EIA’s Crude Oil Inventory Expectations Diverge
The API released its weekly crude oil inventory report on June 1. US crude oil inventories rose by 2.4 MMbbls for the week ending May 27, 2016.
Will US Natural Gas Prices Hit $2.25 per MMBtu?
The EIA (U.S. Energy Information Administration) estimates that US natural gas prices could average $3.43 per MMBtu in 2017 and $3.70 per MMBtu in 2018.
Will US Natural Gas Inventories Impact Natural Gas Prices in 2017?
Falling US natural gas inventories during the winter season could support US natural gas (FCG) (BOIL) (UNG) (GASL) prices, particularly if demand is strong.
What Are the Implied Volatilities of Crude Oil and Natural Gas?
Crude oil’s (USO) (OIIL) implied volatility was 41.3% on July 8, 2016.
Will PDC Energy Decrease Its 2015 Capex?
Barring 4Q12 when capex had a sudden spurt, PDCE’s capex in the past 13 quarters has been steady with an upward bias.
Iran’s Oil Production and Exports Could Help Crude Oil Bulls
Reuters surveys estimate that Iran’s crude oil production decreased by 20,000 bpd to 3.80 MMbpd in May—compared to the previous month.
Are Gas-Weighted Stocks Outperforming Natural Gas?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to December 19, 2016, natural gas rose 106.7% on a closing price basis.
Range Resources: A Look at Its Institutional Holdings
Range Resources (RRC) reported adjusted EPS of -$0.07 in the third quarter. Let’s talk about institutional investor activity in RRC in the quarter.
Natural gas prices rebound to their “pre-injection” levels
Natural gas prices started the week by falling almost 3% as an arctic blast, which boosted prices last week, gave way to warmer temperatures. Prices closed at $4.15 MMBtu on Monday.
Why the US land-based rig count slipped from a 2-year high
In its 3Q14 press release, Schlumberger didn’t explicitly disclose its outlook for U.S. rig activity. It did, however, express concern about the energy oversupply.
US Natural Gas Futures Could Continue to Fall
Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.
Analysts Still Bullish on Permian-Based Upstream Stocks
In this series, we’ll look at the top seven upstream companies that Wall Street analysts like the most.
Smaller Build in US Natural Gas Inventories Supported Prices
The EIA reported that US natural gas inventories increased by 35 Bcf (billion cubic feet) to 2,308 Bcf on July 20–27.
US Dollar Index Fell from an 11-Month High
The US Dollar Index fell ~0.38% to ~94.67 on July 3, while August WTI oil futures contracts rose 0.3% to $74.14 per barrel that same day.
EIA Upgrades US Natural Gas Consumption Forecasts for 2018
Market intelligence company Pointlogic estimates that US natural gas consumption fell ~0.9% to 57.3 Bcf (billion cubic feet) per day from June 7 to June 13.
Are Oil-Weighted Stocks Inversely Related to Oil Prices?
On May 9, US crude oil June futures rose 3% and closed at $71.14 per barrel—more than the three-year high.
Which Oil-Weighted Stocks Could Fall If Oil Falls?
On April 25, US crude oil June futures rose 0.5% and closed at $68.05 per barrel, despite a bearish inventory report.
Key Energy Events This Week
The EIA’s crude oil and natural gas inventory data are scheduled to be released on April 25 and April 26, 2018, respectively.
Oil at a 3-Year High: Oil-Weighted Stocks that Could Gain
On April 11, US crude oil May futures closed at $66.82 per barrel—the peak level for US crude oil active futures since December 2, 2014.
Analyzing the Weakest Energy Performers Last week
On March 29–April 6, 2018, upstream stock RSP Permian (RSPP) fell the most on our list of energy stocks.
Are Oil-Weighted Stocks Falling More than Oil?
Between February 11, 2016, and March 28, 2018, US crude oil active futures rose 145.6% from their 12-year low.
US Natural Gas Production and Consumption Could Impact Prices
According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.
Is Oil Influencing Natural Gas–Weighted Stocks?
Oil prices are important for natural gas supplies. Oil can impact the market sentiment across other markets like gas and equities as well.
US Natural Gas Production Hit a Record in October
US dry natural gas production rose 0.7% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017, according to PointLogic.
Is Gulfport Energy’s Normalized Free Cash Flow Trending Up?
For 9M17 (the first nine months of 2017), Gulfport Energy (GPOR) had normalized FCF (free cash flow) of -336%, the fourth lowest among the upstream producers we have been tracking.
What Does Wall Street Predict for WPX Energy?
In the last one month, WPX Energy stock’s median target price has risen from $16.00 to $16.50.
Unexpected Rise in US Natural Gas Inventories
The EIA estimated that US natural gas inventories rose by 2 Bcf (billion cubic feet) to 3,695 Bcf on November 24–December 1, 2017.
US Natural Gas Future Fell after the Natural Gas Inventory Report
The EIA released its natural gas inventory report on November 30, 2017. US natural gas inventories fell by 33 Bcf to 3,693 Bcf on November 17–24, 2017.
US Natural Gas Inventories Have Fallen 8% from Last Year
The EIA estimated that US natural gas inventories fell by 46 Bcf (billion cubic feet) or 1.2% to 3,726 Bcf on November 10–17, 2017.
Weather Could Help Natural Gas Bulls Next Week
The weather is expected to be colder than normal next week. High demand could have a bullish impact on natural gas prices.
US Natural Gas Consumption Could Surpass Production
US natural gas consumption rose by 8.1 Bcf (billion cubic feet) per day to 64.5 Bcf per day on October 26–November 1, 2017.
Will US Natural Gas Prices Take a Tumble in 2018?
November US natural gas (UNG)(GASL) futures were above their 20-day moving averages of $2.99 per MMBtu on October 13.
Why US Natural Gas Inventories Are above their 5-Year Average
On September 14, the EIA (U.S. Energy Information Administration) released its weekly US natural gas inventory report.
Why US Natural Gas Futures Hit a 2-Week High
US natural gas (DGAZ)(UGAZ)(UNG) futures contracts for October delivery rose 0.32% to $3.07 per MMBtu (million British thermal units) on Thursday, September 14.
Key Observations on Whiting Petroleum’s Performance in the Bakken
The Bakken region has one of the highest break-even oil prices near $55 per barrel.
US Natural Gas Consumption Reached a 25-Month Low
The EIA estimates that monthly US natural gas consumption rose by 0.11 Bcf per day or 0.2% to 62.77 Bcf per day in June 2017—compared to May 2017.
Hurricane Harvey Impacted US Weather and Natural Gas Prices
Hurricane Harvey hit the Gulf Coast region on August 26, 2017. It’s estimated to be one of the biggest hurricanes to hit the US in the last 50 years.
Can Chesapeake Energy Stock Rise from the Doldrums?
Chesapeake Energy stock (CHK) has fallen for most of this year. It picked up slightly in April but wasn’t able to hold those levels.
US Natural Gas Consumption Hit a 2-Year Low
The EIA estimates that US natural gas consumption will average 72.86 Bcf per day in 2017 and 75.6 Bcf per day in 2018.
US Natural Gas Inventories: Bullish or Bearish for Prices?
The EIA released its weekly natural gas inventory report on April 6, 2017. US natural gas inventories rose 2.0 Bcf to 2,051 Bcf from March 24–31, 2017.
Will Trump Impact US Natural Gas Consumption?
US natural gas consumption rose 13.5% between January 25, 2017, and February 1, 2017. The rise in consumption is bullish for natural gas prices.
Natural Gas: Are Gas-Heavy Stocks Catching a Winter Cold?
On March 3, natural gas futures touched a 17-year low of $1.64. From March 3, 2016, to January 30, 2017, natural gas rose 97.1% on a closing price basis.
Are Gas-Weighted Stocks Outperforming Natural Gas?
In the previous part, we looked at the rise in natural gas prices on December 23, 2016, due to lower temperature forecasts.
Which Gas-Weighted Stocks Could Outperform Natural Gas?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to December 12, 2016, natural gas rose 113.4% on a closing price basis.
Natural Gas, Winter Rise: Are Gas-Weighted Stocks Capitalizing?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to December 5, 2016, natural gas rose 122.6% on a closing price basis.
Natural Gas Rose: Are Gas-Weighted Stocks Capitalizing on It?
Between November 14 and November 21, 2016, the natural gas futures contracts for December delivery rose 7.3%.