W&T Offshore Inc
Market Realist Chronicles: Global investment strategy and outlook for 2014, Part 1
At the close of December 2013, the S&P 500 was up 29.5%, the Dow Jones Industrial Average (DJIA) was up 26.5%, the Nasdaq was up 38.2%, and the Russell 2000 was up 37.0%.
How the Crude Oil Market Could React to the Doha Oil Producers Meeting
A meeting of oil producers is scheduled in Doha, Qatar, for April 17. The meeting is meant to support crude prices and will focus on freezing production.
US Distillate Inventories Fell for the First Time in 5 Weeks
The fall in distillate inventories supported diesel and crude oil futures on June 28, 2017. US diesel futures rose 1.4% to $1.43 per gallon on June 28.
OPEC’s Spare Crude Oil Production Capacity near 7-Month High
The EIA estimated that OPEC’s spare crude oil production capacity increased by 60,000 bpd (barrels per day), or 2.8%, to 2.1 MMbpd (million barrels per day) in November 2017 compared with the previous month.
OPEC Mania Is Back: Will Crude Oil Soar?
US crude oil rose on November 18 due to the market’s belief that OPEC (Organization of the Petroleum Exporting Countries) members might cut their output.
Weakest Upstream Stocks in the Week Ending October 5
Ring Energy (REI) was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week.
Large build in oil inventories bearish signal as a decrease had been predicted
Last week, oil inventories increased significantly while experts had predicted a decrease. This resulted in a bearish signal for oil prices, though the commodity traded up on the day on separate news.
Airline Stocks in Focus as US Airstrike Lifts Oil Prices
The US airline stocks are in focus as crude oil prices soar after the US assassinated a top Iranian military commander last Thursday night.
How OPEC’s Spare Crude Oil Production Capacity Is Recovering
The EIA estimates that OPEC’s spare crude oil production capacity rose 35,000 bpd (barrels per day) to 2 MMbpd (million barrels per day) in August 2017.
Q4 Wrap-Up of Oil Stocks XOM, CVX, RDS.A, BP
Oil stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) saw mixed performance in the fourth quarter of 2019.
Hess Corp: Performance, Holdings, and Analysts’ Views
On Friday, Hess Corp (HES) fell 3.8%, while crude oil prices fell 1.4%. Trade deal-related concerns could be behind oil prices’ decline.
All oil is not created equal – why differences in crude matter (part II)
Differences in crude’s density, sulfur content, and production location can vastly affect the price which it commands on the market.
Oil rigs up over 7% on the year, signaling positive sentiment
Oil rig counts continued to climb last week and are up 7% on the year, signaling that operators are positive about the domestic oil drilling and price environment.
Midland-WTI remains tight, closing last week at $0.15/barrel
Spreads between Midland crude and WTI crude have remained tight, which is a positive for Permian producers.
US Dollar Hit a 3-Year Low: Good News for Crude Oil?
The US Dollar Index (UUP) fell 0.64% to 90.39 on January 16, 2018—the lowest level since December 2014.
India’s Crude Oil Imports Hit a Record in 2017
India is the world’s third-largest crude oil consumer. Its oil imports hit a record in 2017. India’s crude oil imports rose 1.8% to 4.3 MMbpd in 2017.
Where Oil Could Head after Attacks on Saudi Arabia
On September 14, drones attacked Saudi Arabia Aramco’s oil-infrastructure. Saudi Arabia’s oil production has fallen by 50%.
HFC Stock Continues Climb Past 44% YoY Rise
HollyFrontier (HFC) stock rose 4.9% on August 1, its earnings release day, despite the fall in the oil prices, equity market, and peers.
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%.
What Are Wall Street’s Targets for WTI, CRC, DNR, WLL, and OAS?
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018.
Are Hedge Funds Buying WTI, CRC, DNR, WLL, and OAS?
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock.
Wall Street’s Targets for the Best-Performing Upstream Stocks
We’ll now look at Wall Street’s recommendations for the leading gainers in 2018 from the US oil and gas production, or upstream, sector.
US Gasoline Inventories Could Pressure Crude Oil Prices
The EIA estimated that US gasoline inventories increased by 4.8 MMbbls (million barrels) or 2.1% to 233.1 MMbbls on December 22–29, 2017.
Northern Oil and Gas Leads Upstream Gainers This Week
In the week starting January 1, Northern Oil and Gas (NOG) increased from last week’s close of $2.05 to $2.54 on January 2, a significant increase of ~24%.
Will W&T Offshore’s Stock Rally Resume?
So far in 2H17, W&T Offshore (WTI) stock price rose from $1.96 at the end of June 2017 to $3.15 as of November 16 – a very strong rise of ~61%.
Upstream Gainers This Week: Denbury Resources Leads
In the week starting October 2, 2017, Denbury Resources (DNR) has risen from its last week’s close of $1.34 to $1.46 on October 3, a significant rise of ~9.0%.
What Really Moved W&T Offshore Stock Last Week?
W&T Offshore (WTI) stock rose ~7% last week (ended September 29), while crude oil and the SPDR S&P 500 ETF (SPY) rose ~2% and ~0.7%, respectively.
Upstream Gainers This Week: Jones Energy Leads the Pack
So far this week, Jones Energy (JONE) has risen the most among upstream gainers, marking a significant increase of ~22%.
Why W&T Offshore Stock Is Outperforming the Upstream Sector
So far in September 2017, W&T Offshore (WTI) stock has risen from $1.91 at the end of August to $2.57 as of September 19, 2017, a ~35.0% rise.
US Distillate Inventories Rise for a Third Week
US distillate inventories On August 30, 2017, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA estimates that US distillate inventories rose by 0.5% to 149.1 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell by 5.6 MMbbls, or 3.6%, from the same period in 2016. Inventories […]
Who’s Shorting COP: Reading the Short Interest in ConocoPhillips’s Stock
Short interest in COP On August 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~33.4 million, while its average daily volume was ~8.02 million. This means the short interest ratio for COP’s stock was ~4.6x. COP’s average daily volume is calculated for the short interest reporting period from August 1, 2017, […]
Analyzing the Short Interest in Southwestern Energy Stock
As of August 14, Southwestern Energy’s total shares shorted (or short interest) stood at ~45.89 million, while its average daily volume is ~17.44 million.
Short Interest in Marathon Oil Stock Remains at Lower Levels
As of August 14, 2017, Marathon Oil’s total shares shorted (or short interest) stood at ~36.65 million, while its average daily volume is ~15.94 million.
Short Sellers and Occidental Petroleum Stock
As of July 31, 2017, Occidental’s (OXY) total shares shorted (or short interest) stood at ~10.15 million, while its average daily volume was ~4.83 million.
Analyzing Short Interest in California Resources Stock
As of July 31, 2017, California Resources’ (CRC) total shares shorted (or short interest) stood at ~16.3 million.
Analyzing Short Interest in Denbury Resources Stock
Denbury Resources’ short interest ratio has a 52-week high of ~12.3x and a 52-week low of 5.8x.
What’s the Short Interest in Southwestern Energy Stock?
As of July 14, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~49.5 million, whereas its average daily volume was ~18.4 million.
Analyzing Short Interest in Cobalt International Energy’s Stock
As of July 14, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was 4.37 million, whereas its average daily volume is 1.03 million.
Analyzing Short Interest in Occidental Petroleum Stock
On July 14, 2017, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~10.9 million, and its average daily volume was ~4.8 million.
Chart of the Week: What’s the Short Interest in Devon Energy?
As of July 14, 2017, short interest in Devon Energy (DVN) is ~11.3 million shares, while its average daily volume is ~6.2 million shares.
Short Interest in Devon Energy Stock
As of July 14, 2017, Devon Energy’s (DVN) short interest stood at ~11.31 million, while its average daily volume is ~6.21 million.
Analyzing Short Interest Trends in ConocoPhillips’s Stock
As of July 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~31.48 million, whereas its average daily volume is ~5.91 million.
What’s the Short Interest in Marathon Oil Stock?
As of July 14, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~51.8 million.
Analyzing Short Interest in Devon Energy Stock
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
US Gasoline Inventories and Demand Impact Crude Oil
On July 5, 2017, the API released its weekly crude oil inventory report. It estimated that gasoline inventories fell by 5.7 MMbbls on June 23–30, 2017.
What Wall Street Analysts Recommend for California Resources
As of June 23, 2017, California Resources (CRC) has one “buy” recommendation, six “hold” recommendations, and one “sell” recommendation.
Cobalt International Energy Stock: Analyzing Short Interest
As of May 15, 2017, the short interest ratio in Cobalt International Energy’s (CIE) stock is ~9.1x.
Why Encana’s 4Q16 Crude Oil Price Underperformed NYMEX Settlements
For 4Q16, Encana’s (ECA) average realized price for natural gas (UNG) production increased ~21% to $2.58 per Mcf compared to $2.13 for the same period in 2015.
Analyzing W&T Offshore’s 4Q16 Revenue Expectations
Revenue estimates In 4Q16, Wall Street analysts expect W&T Offshore (WTI) to report ~14% higher revenue than it did in 4Q15. Also, W&T Offshore’s 4Q16 revenue expectation is ~11% higher than its revenue in 3Q16. W&T Offshore’s 3Q16 revenue performance In 3Q16, W&T Offshore missed the revenue estimate of ~$110 million by ~2%. It reported a steep […]
Behind Marathon Oil’s Enterprise Multiple
As of 3Q16, MRO’s EV-to-normalized-EBITDA ratio came in around 27.4x, which was higher than its two-year average EV-to-normalized EBITDA ratio of ~15.4x.
Is ConocoPhillips an Expensive Stock?
COP’s EV-to-adjusted EBITDA ratio has been increasing quickly since 1Q15 mainly due to the steep fall in adjusted EBITDA.
How Important Is ConocoPhillips’s Hedging Effectiveness?
In 3Q16, profits on hedging activities caused ConocoPhillips’s E&P revenues to rise ~0.28%. That’s much better than the previous quarter.
What Were W&T Offshore’s Production Costs and Margins for 3Q16?
Excluding hedges, in 3Q16, W&T Offshore (WTI) reported a positive cash margin but a negative total margin.
What Do Analysts Forecast for Bill Barrett?
For 4Q16, analysts have projected an average earnings estimate of -$0.10 per share for BBG.
Inside ConocoPhillips’s Enterprise Multiple
As of 2Q16, ConocoPhillips’s EV-to-adjusted-EBITDA ratio was ~17.6x, which is much higher than its five-year average ratio of ~6.3x.
Why India’s Equity Market Recovered after Continuous Slides
In this series, we’ll briefly overview the Indian equity market. Specifically, we’ll analyze trends in the Indian equity market over the past five years.