Energy Select Sector SPDR® ETF

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  • The MPLX crude oil pipeline system
    Company & Industry Overviews

    The MPLX crude oil pipeline system

    MPLX crude pipelines are connected to supply hubs, and transport crude oil to Marathon Petroleum Corporation’s, or MPC’s, refineries and third parties.

    By Keisha Bandz
  • ConocoPhillips: 2015 Operational Highlights, 2016 Guidance
    Earnings Report

    ConocoPhillips: 2015 Operational Highlights, 2016 Guidance

    ConocoPhillips’s (COP) total production volume in 2015 was 1,589 Mboe/d excluding Libya. This represents a 5% year-over-year growth after adjusting for asset dispositions and downtime.

    By Keisha Bandz
  • Introduction to the Permian Basin — Part 2: Geography of the Permian Basin
    Energy & Utilities

    Introduction to the Permian Basin — Part 2: Geography of the Permian Basin

    The Permian Basin is one of the US’s primary drivers of oil production growth. Market Realist provides an overview of this prolific hydrocarbon asset with a primer piece: “Introduction to the Permian Basin”.

    By Ingrid Pan
  • What is XLE? Exploring Midstream Energy Company Exposure
    Macroeconomic Analysis

    What is XLE? Exploring Midstream Energy Company Exposure

    Companies in the midstream sector that are included in the XLE portfolio include Kinder Morgan, Oneok, the Williams Company, and Spectra Energy.

    By Liam Odalis
  • Chevron Corporation: A must-know brief overview
    Energy & Utilities

    Chevron Corporation: A must-know brief overview

    Chevron Corporation is currently trading at EV-to-2014E EBITDA of 5x, has an approximately $239 billion market cap, and ~$245 billion enterprise value.

    By Keisha Bandz
  • An investor’s guide to Spectra Energy Corp. and its earnings
    Energy & Utilities

    An investor’s guide to Spectra Energy Corp. and its earnings

    Spectra Energy Corp. (SE), headquartered in Houston, Texas, owns and operates a large and diversified portfolio of natural gas–related assets in North America.

    By Keisha Bandz
  • Overview: ONEOK Partners and its 3 operating segments
    Energy & Utilities

    Overview: ONEOK Partners and its 3 operating segments

    ONEOK Partners (OKS) is a master limited partnership (or MLP) engaged in gathering, processing, storing, and transporting natural gas and natural gas liquids (or NGLs) in the U.S.

    By Keisha Bandz
  • XLE Outperforms USO Last Week
    Macroeconomic Analysis

    XLE Outperforms USO Last Week

    The Energy Select Sector SPDR ETF (XLE) fell 0.66% in the week ended September 11. XLE tracks a diverse group of 45 of the largest American energy stocks in the S&P 500 Index (SPX).

    By Keisha Bandz
  • How does Occidental Petroleum compare to industry peers?
    Energy & Utilities

    How does Occidental Petroleum compare to industry peers?

    In terms of profitability, OXY has the highest profit margins amongst its peers at 24.2%. OXY also has one of the highest dividend yields at 2.85%.

    By Keisha Bandz
  • Overview of US Gulf Coast 3:2:1 Crack Spread
    Macroeconomic Analysis

    Overview of US Gulf Coast 3:2:1 Crack Spread

    Crack spreads usually fall when crude oil prices (USO) increase by more than product prices, or when product prices fall more than crude oil prices.

    By Keisha Bandz
  • uploads///Greece debt timeline
    Macroeconomic Analysis

    Market Paradox: Stocks Reach Record Highs Despite Headwinds

    We’ll explore whether record highs signal a top for equity markets or whether there’s still some room for growth in the current bull market.

    By Russ Koesterich, CFA
  • uploads///
    Energy & Utilities

    US oil rig counts continue to rally, reaching a year-to-date high

    Last week, the Baker Hughes oil rig count increased from 1,423 to 1,425, reaching the highest level since 2014 began.

    By Ingrid Pan
  • uploads///DMA
    Company & Industry Overviews

    HollyFrontier’s Stock: Trading Below Moving Averages

    Refining companies’ stock performance was affected by the abolition of the crude oil export ban in the United States.

    By Maitali Ramkumar
  • uploads///p
    Miscellaneous

    Natural Gas’s ‘Death Cross’ and Why the Bear Market Isn’t Far

    On July 5, 2017, natural gas (UNG) active futures fell 3.8% and settled at $2.84 per MMBtu (million British thermal units), their lowest level since March 8, 2017.

    By Rabindra Samanta
  • uploads///Expenses
    Earnings Report

    Is Pacific Maintaining Its Margins in a Falling Revenue Scenario?

    Pacific Drilling’s (PACD) operating expense-to-revenue ratio stood at 37.5% at the end of 3Q16, similar to the previous quarter’s 37.3% and 3Q15’s 37.7%.

    By Sue Goodridge
  • Basic Materials

    Must-know: Why onshore rig counts are at a 2-year high

    The U.S. onshore, or land-based, rig count increased by four rigs—from 1,865 to 1,869—during the week ending September 19. Land-based rigs include 13 inland water rigs. This is the highest onshore rig count in the past two years. It’s the highest rig count since August 17, 2012. This marks the eighth increase in the past ten weeks.

    By Alex Chamberlin
  • uploads///COP WU_ Analysts
    Miscellaneous

    What’s Analysts’ Current Read on ConocoPhillips?

    On July 10, 2017, ~71% of the 24 analysts covering ConocoPhillips (COP) had “strong buy” or “buy” ratings on its stock.

    By Nicholas Chapman
  • uploads///Capex
    Company & Industry Overviews

    Will Kinder Morgan benefit from increased 2015 capex?

    In 2015, Kinder Morgan (KMI) has put in place a strong project pipeline that can increase capex by 21% to ~$4.4 billion.

    By Alex Chamberlin
  • uploads///MRD RRC benefits of merger
    Miscellaneous

    What Will Arbs Think of the MRD-RRC Deal?

    This transaction is a classic merger arb core position. The companies are reasonably big and liquid and the deal makes strategic sense. It’s fairly safe.

    By Brent Nyitray, CFA, MBA
  • uploads///Downstream
    Earnings Report

    Earnings evaporate in ExxonMobil’s Downstream segment

    Overall, ExxonMobil’s Downstream business produced 46% less earnings in the fourth quarter of 2014 compared to the same quarter a year ago.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Permian Basin activity: A key indicator of energy sector health

    This was the seventh straight weekly decline in the Permian Basin oil rig count. Overall, the weekly US crude oil rig count was down 4%.

    By Alex Chamberlin
  • uploads///stock
    Earnings Report

    Why Did Sanchez’s Stock Rise after 3Q16 Earnings Release?

    After Sanchez Energy’s (SN) 3Q16 earnings release on November 7, its stock rose ~2%.

    By Keisha Bandz
  • uploads///WTI BRENT
    Macroeconomic Analysis

    The WTI-Brent crude oil discount narrows

    The divergence between WTI and Brent narrowed last week, as a slowdown in Cushing offered a glimmer of hope, causing WTI to rise.

    By Keisha Bandz
  • uploads///Capture
    Company & Industry Overviews

    In-Depth Look: Debt Servicing Eating into Operations Cash

    With large reductions in cash from operations and heavy burdens of fixed debt repayments, the ratio of debt servicing to operating cash flow rose in 2015.

    By Vineet Kulkarni
  • uploads///FCF
    Company & Industry Overviews

    Analyzing National Oilwell Varco’s Free Cash Flow

    National Oilwell Varco’s cash from operating activities (or CFO) rose by more than four times in 1Q16 compared to 1Q15.

    By Alex Chamberlin
  • uploads///Guidance
    Energy & Utilities

    Why next quarter looks better for BHI’s international markets

    In Latin America, BHI expects year-end product sales to increase. It also expects the offshore Mexico rig activity to increase.

    By Alex Chamberlin
  • uploads///IV
    Energy & Utilities

    What We Can Forecast from EQT’s Implied Volatility Trends

    EQT’s (EQT) current implied volatility is ~31%. While EQT’s peer Cabot Oil and Gas (COG) has a lower implied volatility of 28.2%, Chesapeake Energy (CHK) has a higher implied volatility of 49%.

    By Keisha Bandz
  • uploads///oil _ image
    Energy & Utilities

    US Crude Oil above $70: Is More Upside Coming?

    On May 7, US crude oil June futures rose 1.4% and settled at $70.73 per barrel—the highest closing level since November 26, 2014.

    By Rabindra Samanta
  • uploads///Normalized FCF QEP
    Company & Industry Overviews

    QEP Resources’ Free Cash Flow Deteriorated in 2017

    For fiscal 2017, QEP Resources reported a negative FCF of -$1.4 billion, which is much higher than its negative FCF of -$544 million in 2016.

    By Nicholas Chapman
  • uploads///MOVING AVG
    Company & Industry Overviews

    Placing Apache’s Stock Compared to Its Peers

    Apache’s stock has fallen almost 20% this year. However, since October, it has remained above approximately $47 on an average.

    By Keisha Bandz
  • uploads///image
    Energy & Utilities

    Traders Are Tracking OPEC’s Meeting on June 22

    The crude oil production from OPEC and non-OPEC producers is expected to increase by 300,000 bpd–600,000 bpd in OPEC’s upcoming meeting.

    By Gordon Kristopher
  • Energy & Utilities

    Why improvement in Libya pushed down the crude price last week

    For most of the last two years, WTI crude oil has been range-bound between ~$85 per barrel and ~$110 per barrel.

    By Alex Chamberlin
  • uploads///Sales and Gross Profit of Midstream Companies
    Macroeconomic Analysis

    Midstream Companies’ Performances: Sales and Gross Profit

    In fiscal 3Q15, the gross profit of frontline midstream operator Williams Companies (WMB) fell 28.6% on a YoY basis. Williams Companies’ sales grew by 11.3%.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Broader Market Might Have Limited the Upside in Energy ETFs

    US crude oil February futures rose 5.6% in the trailing week.

    By Rabindra Samanta
  • uploads///COP Q Barnett Production Mix
    Miscellaneous

    Why ConocoPhillips Sold Its Barnett Assets

    ConocoPhillips’s (COP) Barnett assets have a relatively small contribution to its overall production. In 2016, COP’s Barnett assets produced only 11 MBoepd.

    By Nicholas Chapman
  • uploads///image
    Miscellaneous

    Correlations between Energy ETFs and the Broader Market’s Moves

    In the seven calendar days to February 8, 2018, OIH, XOP, XLE, and AMLP fell 13.6%, 12.7%, 11.8%, and 8.2%, respectively.

    By Rabindra Samanta
  • uploads///Growth In Debt of Downstream Companies
    Macroeconomic Analysis

    Refiners’ Debt Rose Substantially in 3Q15

    Marathon Petroleum’s (MPC) total debt almost doubled in 3Q15 compared to the same quarter in the previous year.

    By Rabindra Samanta
  • uploads///US distillate stocks
    Energy & Utilities

    Why analysts were surprised by distillate inventories last week

    It’s expected distillate production will grow by the end of 2014. Refineries have built new facilities to produce more distillates than gasoline in anticipation of strong global demand growth.

    By Keisha Bandz
  • uploads///DVN Q Post Implied Volatility
    Earnings Report

    What’s Devon Energy’s Implied Volatility?

    As of August 2, 2017, Devon Energy (DVN) had an implied volatility of ~40.7%, which is lower than its implied volatility of ~33.6% on July 25, 2017.

    By Nicholas Chapman
  • uploads///Ng inventory May
    Macroeconomic Analysis

    Is Natural Gas Supply and Demand Narrowing?

    Natural gas production from the lower 48 states of the US increased slightly by 0.6% to 79.82 Bcf as of May 20, 2015—compared to the previous week.

    By Gordon Kristopher
  • uploads///Growth In Debt of Midstream Companies
    Macroeconomic Analysis

    Most Midstream Companies Increased Debt in 3Q15

    The total debt for Williams Companies (WMB) and Energy Transfer Equity (ETE) grew by 87% and 32%, respectively, on a YoY (year-over-year) basis in fiscal 3Q15.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Rising Oil Inventories Spread Impacts Oil Prices

    US commercial crude oil inventories rose by ~9.5 MMbbls (million barrels) in the week ending on February 10, 2017—compared to the previous week.

    By Rabindra Samanta
  • uploads///Natural gas Production
    Energy & Utilities

    Why cold weather warms natural gas investors

    Last week, natural gas prices didn’t increase despite forecasts for cooler weather. The forecast called for weather that would be cooler, but not cold enough to cause freezing temperatures.

    By Keisha Bandz
  • uploads///STOCK
    Energy & Utilities

    Continental Resources Stock Fell 3% after Its 1Q18 Earnings

    At the end of 1Q18, Continental Resources had total debt of ~$6.2 billion, which is close to the company’s short-term goal of $6.0 billion.

    By Keisha Bandz
  • uploads///Image
    Energy & Utilities

    Which Energy Stocks Are Leading the Rise in the Energy Sector?

    Stocks that are leading the rise in the Energy Select Sector SPDR Fund this week include Chesapeake Energy, Andeavor, and FMC Technologies.

    By Nicholas Chapman
  • uploads///Fleet
    Earnings Report

    Analyzing Rowan’s Rig Scrapping and Stacking Activity in 3Q15

    Offshore drilling (XLE) (IYE) is a capital-intensive industry requiring a large amount of money to keep rigs active and well-maintained.

    By Sue Goodridge
  • uploads///Adjusted EPS vs
    Earnings Report

    Why Kinder Morgan’s 2Q15 Earnings per Share Estimate Is Low Again

    Kinder Morgan (KMI) beat analysts’ 1Q15 earnings per share estimate, but Wall Street lowered its 2Q15 estimate to $0.191 compared to $0.216 in 1Q15. That’s a decrease of 11.6%.

    By Kurt Gallon
  • Macroeconomic Analysis

    Marcellus Shale: Why it’s key for US natural gas

    Natural gas prices in the northeastern US have increasingly been below the Henry Hub price. This is primarily because of the Northeast’s increased access to Marcellus natural gas production.

    By Alex Chamberlin
  • uploads/// Year Break Even Inflation Rate Movement with Commodity Prices
    Fund Managers

    Where Will Commodities Head during Trump’s Term?

    Donald Trump’s policies are aimed at strengthening job markets in the United States (VFINX) (IVV).

    By Sarah Sands
  • uploads///P CFI
    Company & Industry Overviews

    ExxonMobil’s rising investment cash flow isn’t necessarily good

    In this part, we’ll discuss XOM’s cash flow from investing activities (or CFI). We say “from,” but items under this type of cash flow are usually negative.

    By Manas Chowgule, CFA
  • uploads///IV
    Miscellaneous

    Forecasting Whiting Petroleum’s Stock Price Range for Next Week

    Whiting Petroleum (WLL) has an implied volatility of ~68.16%, which is ~12% higher than its 15-day average of ~61%.

    By Keisha Bandz
  • uploads///Consumer spending seasonal headwinds
    Macroeconomic Analysis

    Why the Gloomy GDP Estimate Is Not Cause for Panic

    There are several reasons why the gloomy GDP estimate is not cause for panic. The slowdown in GDP growth seems to be a temporary setback.

    By Jeffrey Rosenberg
  • uploads///
    Macroeconomic Analysis

    Macro Events That Could Influence Markets This Week

    The last three trading sessions in May are likely to be influenced by geopolitical issues rather than economic data.

    By Ricky Cove
  • uploads///stock performance
    Company & Industry Overviews

    Hess’s Key Management Objectives Investors Need to Know

    Hess’s (HES) key management objectives include taking several steps to counter lower commodity prices. These include capital and cost reductions.

    By Keisha Bandz
  • uploads///IO
    Energy & Utilities

    Why ION Geophysical Has Outperformed the Industry Year-to-Date

    ION Geophysical’s (IO) year-to-date returns as of May 11 were 37.5%.

    By Alex Chamberlin
  • Financials

    4 must-know facts about rising inflation and your portfolio

    Recent readings have shown that inflation has stabilized, which is a good thing, but signs of an imminent acceleration in inflation are still scant.

    By Russ Koesterich, CFA
  • Financials

    Phasing out of financial repression will affect your investments

    The United States seems to be in the process of departing a regime of financial repression, i.e. one where a government takes measures to channel funds into its own debt.

    By Rick Rieder
  • uploads///Permian
    Macroeconomic Analysis

    Why the Permian Basin is the key indicator for oil rig counts

    According to the U.S. Energy Information Administration (or EIA), the Permian Basin is the largest crude oil–producing region in the US.

    By Alex Chamberlin
  • uploads///STOCK
    Energy & Utilities

    What Drove Whiting Petroleum Stock in 2017?

    Whiting Petroleum (WLL) stock rose 5.3% in the week ending December 29 from the previous week. However, the stock fell ~47.6% by the end of 2017.

    By Keisha Bandz
  • uploads///SP  Energy vs Equity
    Earnings Report

    Key Analysis of Chevron’s Fiscal 3Q15 Earnings

    Chevron (CVX) announced its third quarter earnings on October 30, 2015. Chevron saw new positions in 870 institutional investors’ portfolios in fiscal 2Q15.

    By Sam Johnson
  • uploads///
    Energy & Utilities

    Why the latest oil inventory report affects crude prices

    Every week, the U.S. Energy Information Administration (or EIA) reports figures on crude inventories, or the amount of crude oil stored in facilities across the U.S.

    By Ingrid Pan
  • uploads///Consensus Revenues
    Company & Industry Overviews

    Sunoco Logistics’ 4Q14 Earnings Fell Short of Estimates

    In 4Q14, Sunoco’s adjusted revenues fell short of estimates by ~19%.

    By Alex Chamberlin
  • uploads///US Total Rig Counts
    Energy & Utilities

    Must-know: Why US rigs lost the most in 11 months

    The U.S. total rig count decreased by 17 rigs—from 1,913 to 1,896—during the week ending August 22. This marked the first rig count decline in the past five weeks. The decline was also the largest since late September 2013.

    By Alex Chamberlin
  • uploads///WTI Brent
    Macroeconomic Analysis

    WTI–Brent Spread Continues to Diverge: Who Gains and Who loses?

    WTI (West Texas Intermediate) crude oil’s discount to Brent crude oil widened in the week ended August 14 over the previous week.

    By Keisha Bandz
  • uploads///SWN Q Pre Revenue
    Earnings Report

    Southwestern Energy’s 2Q17 Revenue Expectations

    For 2Q17, analysts expect Southwestern Energy to report revenues of ~$814 million. On a YoY basis, its 2Q17 revenue expectations are ~56% higher.

    By Nicholas Chapman
  • uploads///COP WU_ Price
    Energy & Utilities

    ConocoPhillips Stock Outperforms Crude Oil

    The price of natural gas (UNG) rose ~5% last week. It rose from $2.92 per mmBtu (million British thermal units) to $3.07 per mmBtu. ConocoPhillips’s production volume mix contains ~40% natural gas.

    By Nicholas Chapman
  • uploads///Comps
    Energy & Utilities

    Snapshot: Valuing Williams Companies compared to its peers

    Enterprise Products Partners (EPD) is the largest company by market capitalization and enterprise value, or EV, among its closest peers. By market cap, Williams Companies (WMB) follows next.

    By Alex Chamberlin
  • uploads///distillate
    Macroeconomic Analysis

    Distillate inventories continued to decline

    Distillate demand and stock levels drive crude demand and crude prices. As a result, energy investors watch distillate inventories closely.

    By Keisha Bandz
  • uploads///Returns
    Macroeconomic Analysis

    Investors respond differently to upstream companies’ capex plans

    In this environment of crude oil prices declining sharply and staying low, investors continue to favor stocks that are increasing investments.

    By Alex Chamberlin
  • uploads///YTD Performance of COG XOP and SPX
    Energy & Utilities

    Must-know: Cabot Oil & Gas’ market performance

    Despite COG’s recent negative stock market movement, the fact that it was able to hold its own and sustain significant levels of production should ensure that it maintains relatively high stock market returns.

    By Keisha Bandz
  • uploads///nspc
    Energy & Utilities

    What Dragged Down MLPs Last Week?

    MLP sluggishness continued last week. The Alerian MLP Index, which tracks the performance of 50 energy infrastructure MLPs, ended the week 4.4% lower.

    By Kurt Gallon
  • uploads///DNR Q Post EPS
    Earnings Report

    Introducing Denbury’s Big Losses in 4Q16

    Denbury reported a better-than-expected loss of ~$6.5 million, as analysts were expecting an even bigger loss of ~$11.4 million.

    By Nicholas Chapman
  • uploads///kitimat
    Earnings Report

    Why Chevron is cutting spending on some projects

    Chevron has cut spending on the Kitimat liquefied natural gas project (or LNG) in Canada due to falling crude prices.

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Why inventory figures buoyed crude oil prices

    On February 5, the DOE reported an increase in crude oil inventories of 0.44 million barrels—much lower than analysts’ expectations of a build of 2.27 million barrels.

    By Ingrid Pan
  • uploads///SWN Q Post Analysts
    Earnings Report

    What Analysts Are Saying Now about Southwestern Energy

    As of May 2, 40 analysts have given recommendations on SWN, including five “strong buys,” five “buys,” 27 “holds,” two “sells,” and one “strong sell.”

    By Nicholas Chapman
  • uploads///downstream
    Macroeconomic Analysis

    Assessing Analysts’ 12-Month Estimates for Downstream Companies

    Among downstream companies, Alon USA Energy (ALJ) was trading 1% below its 20-day moving average on March 4, 2016, after rising above this moving average in the previous day’s trade.

    By Rabindra Samanta
  • uploads///natural gas quant
    Miscellaneous

    Natural Gas Prices: Is a Reversal Possible?

    On July 19, 2017, natural gas August futures closed at $3.07 per MMBtu (million British thermal units), 0.7% below their previous settling price.

    By Rabindra Samanta
  • uploads///Energy MWU_ Commodities
    Miscellaneous

    How Energy Commodities Performed from June 18–20

    Energy stocks are rising this week. The Energy Select Sector SPDR ETF (XLE) has risen 1.2% from June 18–20.

    By Nicholas Chapman
  • uploads///EOG stock
    Energy & Utilities

    EOG Resources’ Stock Movement Trends

    We’ll now turn to EOG Resources (EOG)—our third-largest oil and gas producer, based on the fiscal 2017 data.

    By Keisha Bandz
  • uploads///stock trading monitor desk
    Company & Industry Overviews

    Energy Transfer Stock Is at a 52-Week Low

    Energy Transfer (ET) stock continues to trade weak. The stock hit a new 52-week low of $12.75 on December 18.

    By Vineet Kulkarni
  • uploads///Targets
    Earnings Report

    Analyst Recommendations for Total: Majority Says ‘Buy’

    Five of the seven firms covering Total (TOT) have rated it a “buy” or “outperform.”

    By Maitali Ramkumar
  • uploads///P NetInc
    Company & Industry Overviews

    Must-know: Insight into ExxonMobil’s earnings

    A large portion of ExxonMobil’s earnings come from “non-operating” sources. This reflects the sheer scope of the company’s operations.

    By Manas Chowgule, CFA
  • uploads///image
    Miscellaneous

    Is Oil Boosting Equity Indexes?

    Between September 7 and 14, US equity indexes rose.

    By Rabindra Samanta
  • uploads///
    Energy & Utilities

    Why US oil rigs have been trending downward since mid-year

    Oil rig counts decreased last week, down ~4% since June Last week, the Baker Hughes oil rig count decreased from 1,367 to 1,361. Oil rig counts have been on a slight downward trend since mid-year. Rigs drilling for oil peaked this year in June, at 1,413, but have since fallen about 4%. Though the drop […]

    By Ingrid Pan
  • uploads///U
    Energy & Utilities

    Does a falling US rig count signal a trend?

    Rig counts tell us how many rigs are actively drilling for oil and gas. They can be an indication of oil and gas producers’ confidence.

    By Alex Chamberlin
  • uploads///US ng rig count June   charts
    Macroeconomic Analysis

    Natural Gas Prices and Gas Rigs Move in the Same Direction

    On Friday, June 5, Baker Hughes released the weekly natural gas rig count report. As expected, natural gas rigs fell by three to 222 for the week ending June 5.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Energy ETFs Could Be More Aligned to Equity Markets than Oil

    In the trailing week, OIH rose 0.5%—the only energy ETF on our list that closed in the green. US crude oil futures rose 2.6%.

    By Rabindra Samanta
  • uploads///Energy MWU_ Commodities
    Miscellaneous

    How Energy Commodities Are Performing This Week

    Crude oil (USO) prices rose from last week’s close of $68.58 per barrel to $70.53 per barrel on June 26—an increase of ~3%.

    By Nicholas Chapman
  • uploads///image
    Miscellaneous

    Why Oil Might Be Troubling Wall Street

    On November 15–21, US equity indexes had the following correlations with US crude oil January futures.

    By Rabindra Samanta
  • uploads///COP WU_ Price
    Miscellaneous

    What Happened to ConocoPhillips Stock Last Week?

    Last week (ended June 2, 2017), crude oil prices continued their weekly declining trend, falling from $49.80 per barrel to $47.66 per barrel.

    By Nicholas Chapman
  • uploads///oke is up ytd
    Earnings Report

    Will ONEOK Continue to Outperform Its Peers?

    ONEOK is trading 4% above its 50-day moving average and 8% above its 200-day moving average.

    By Rekha Khandelwal, CFA
  • uploads///US Inventory July
    Macroeconomic Analysis

    Crude Oil Prices Rise for the Second Day, Led by EIA Inventory Data

    The unexpected fall in crude oil inventory supported crude oil prices. The fall in US imports might have led to the fall in the US oil inventory.

    By Gordon Kristopher
  • Energy & Utilities

    Phillips 66’s Midstream segment volumes are on track

    Midstream’s earnings recovery in year-to-date 2014 was aided by higher natural gas liquids (NGL) prices.

    By Alex Chamberlin
  • uploads///rigs oil
    Miscellaneous

    US Crude Oil Rig Count: Turning Point for the Bear Market?

    Baker Hughes (BHI) reported that the US crude oil rig count rose by 11 to 758 on June 16–23, 2017. Rigs rose 1.5% week-over-week and 129.8% year-over-year.

    By Gordon Kristopher
  • uploads///Costs
    Earnings Report

    Behind the Improving Cost Side of Ocean Rig

    Ocean Rig (ORIG) recorded general and administrative expenses of $26.9 million in 2Q16, as compared to $19 million in 1Q16.

    By Sue Goodridge
  • uploads///MRD RRC comps
    Miscellaneous

    Will the MRD-RRC Deal Get Competitive?

    Range Resources’ (RRC) offer of $15.75 per share was a 17% premium to Memorial Resource Development’s (MRD) price before the deal was announced.

    By Brent Nyitray, CFA, MBA
  • uploads///Segment
    Earnings Report

    Waiting for the Numbers: Valero’s 4Q15 Earnings and Refining Margin Trend

    In 3Q15, Valero noted a rise in its gross refining margin by $2.6 per barrel to $14.4 per barrel, compared to what we saw in 3Q14.

    By Maitali Ramkumar
  • Miscellaneous

    Behind the scenes of the Halliburton-Baker Hughes merger

    On October 13, Halliburton proposed to acquire Baker Hughes’ shares without prior notice. After receiving BHI’s counter proposal, Halliburton refused to increase its first value proposal.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    Why Are Oil and Equity Indexes Diverging?

    Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) fell 5.2%, 4.6%, and 4.5%, respectively.

    By Rabindra Samanta
  • Energy & Utilities

    Must-know: Petroleum doing well, but potash is slow

    Total petroleum production increased by 4% in fiscal year 2014 (or FY14). However, the highlight was the increase in liquids production. It was supported by a 73% increase in Onshore U.S. liquid volumes and nearly doubled production at Atlantis. This is important to note because liquid volumes are more profitable.

    By Anuradha Garg
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