SPDR® S&P Oil & Gas Explor & Prodtn ETF
Chesapeake Energy and Carlyle Group Might Face Losses
So far in 2020, Chesapeake Energy (NYSE:CHK) has declined 92%. The COVID-19 outbreak hit oil demand and dragged the energy sector down.
Why Elliott Management Might Be in Trouble
Last week, Elliott Management filed its 13F for the first quarter of 2020. In the last quarter, the hedge fund’s AUM was worth around $73.15 billion.
Will Chesapeake Energy Recover in 2020?
So far in 2020, Chesapeake Energy (NYSE:CHK) has fallen 95.7%—sharper than a fall of 44.5% in the SPDR S&P Oil & Gas Explore & Production ETF.
Are Energy Stocks a ‘Buy?’ Goldman Sachs Says Yes!
Energy stocks have fallen this year amid the bloodbath in crude oil prices. Last week, WTI crude contract turned negative for the first time in history.
Is WTI Crude Oil a Good Buy for Investors?
Amid the COVID-19 outbreak, US oil exports haven’t declined. Since March, US crude oil weekly exports averaged 3.5 million barrels per day.
S&P 500 Stocks: Analysts Bullish on Diamondback
Diamondback Energy (FANG) has the second-highest percentage of “buy” ratings among the constituents of the S&P 500 Index (SPY). Here’s why.
How Will the Energy Subsector Perform in 2020?
In 2019, the VanEck Vectors Oil Refiners ETF (CRAK) rose by 8.5%, the only gainer among the ETFs covering the energy subsectors.
Christmas Has Come Early for Chesapeake Energy
In the first 11 months of 2019, Chesapeake Energy (CHK) stock fell 71.7%. So far in December, though, its stock has risen 24.8%.
David Tepper’s Appaloosa: Analyzing Its Top Holdings
In the third quarter, David Tepper’s Appaloosa included three new stocks, exited five securities, and increased its stake in the existing eight stocks.
Bridgewater Sold Chesapeake but Kept COG
In Q2 2019, Bridgewater Associates doubled its holdings in Cabot Oil and Gas (COG). Energy stocks make up around 2.63% of Bridgewater’s portfolio.
Natural Gas Prices: What Could Impact Next Week?
On September 27, natural gas prices declined 1% and settled at $2.40 per MMBtu. The United States Natural Gas Fund LP (UNG) fell 2% on the same day.
What Stopped Crude Oil Prices’ Upside Today?
Today at 12:44 PM ET, US crude oil prices declined 4.1%. News reports indicate that Saudi Arabia plans to restore its oil production by early October.
Where Natural Gas Prices Could End Up Next Week
On September 12, natural gas prices rose 0.9% to $2.574 per MMBtu, and the EIA reported its natural gas inventories for the week that ended on September 6.
Where Is US Crude Oil Headed? An Energy Update
On August 30, US crude oil October futures settled at $55.1 per barrel. On a week-over-week basis, US crude oil prices rose 1.7%.
Do US Energy Stocks Look Promising?
Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.
Energy Stocks: Expert Says to Avoid the Free Fall
Ari Wald said that energy stocks haven’t captured the upside in oil prices. However, energy stocks were hit hard by any sharp decline in oil prices.
Cabot Oil & Gas’s Q2: What Disappointed Investors?
Today, Cabot Oil & Gas (COG) announced its Q2 results. As of 9:53 AM ET, its stock had fallen 8.4%.
Southwestern Energy: Q2 Earnings Might Disappoint
On August 6, Southwestern Energy will report its second-quarter earnings. The company’s adjusted net income per share will likely fall 66.7% sequentially.
Will ConocoPhillips Stock Gain After Its Q2 Earnings?
ConocoPhillips’s second-quarter earnings results are expected on July 30. According to analysts, the adjusted EPS might rise 5% on a sequential basis.
Oil Impacts Energy ETFs and the Equity Market
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Downside in energy ETFs Notably, […]
How Has Oil Influenced Energy ETFs in the Last Week?
US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.
Why Energy ETFs Can’t Hold Oil Gains
US crude oil active futures rose 4.1% in the trailing week, which might have supported or limited the downside in OIH, XOP, XLE, and AMLP.
Rise in Oil Pushed Energy ETFs Higher
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
Oil Dragged Down Energy Subsector ETFs
Last week, US crude oil prices fell 2.7%, while natural gas active futures rose 2.1%.
What’s Limited Your Energy ETF Losses This Week?
US crude oil active futures have fallen 0.6% in the last week, possibly dragging down or limiting XOP, XLE, OIH, and AMLP, which have returned -1.4%, 0.7%, 1.3%, and 0.7%, respectively.
Decoding the Energy Sector’s Key Events This Week
The EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on May 30.
Analyzing Energy ETFs This Week
In the trailing week, XLE, OIH, XOP, and AMLP had correlations with natural gas active futures of 20.3%, 15.8%, 11.9%, and -0.5%, respectively.
Why Energy ETFs Are Outperforming Equity Market and Oil
US crude oil active futures fell just 0.2% in the trailing week.
Energy Subsectors: Analyzing the Downside
Last week, the Energy Select Sector SPDR ETF (XLE) fell 3%. XLE had the largest decline among the sector-specific SPDR ETFs under review.
Oil and Earnings Dragged the Energy Subsector Last Week
Last week, US crude oil prices fell 1.2%. On April 26, US crude oil prices had the third-highest one-day decline in 2019.
What Hindered Rise in Energy ETFs?
US crude oil active futures rose 4.7% in the trailing week.
What Impacted the Energy Sector Last Week?
Last week, US crude oil April futures rose 0.4%, while the Energy Select Sector SPDR ETF (XLE) fell 0.1%.
Oil’s Impact on Energy ETFs
US crude oil May futures rose 1.8% in the trailing week. XLE, AMLP, OIH, and XOP rose 1.9%, 3.1%, 3.7%, and 4.6%, respectively.
Oil Rigs Impact Natural Gas Production
The natural gas rig count was at 193 last week. The natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
Where Natural Gas Prices Could Head This Week
Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average.
Vital Trend for Energy Subsectors Last Week
Last week, US crude oil March futures fell 4.6%, while the Energy Select Sector SPDR ETF (XLE) fell 3%.
Why Oil Rigs Might Concern Natural Gas Bulls
The natural gas rig count was at 197 last week, which was one less than the previous week.
EIA’s Inventory Might Not Support Natural Gas Prices
On January 24, the EIA is scheduled to release its natural gas inventory report for the week ending on January 18.
Gulfport Energy: Top Outperformer in the Upstream Space
On January 11–18, Gulfport Energy (GPOR) gained the most on our list of upstream energy stocks from XOP.
Natural Gas Rig Count Might Impact Natural Gas Prices
The natural gas rig count was at 202 last week—four more than the previous week. The rig count was at the highest level since September 2015.
Why EIA Data Might Not Satisfy Natural Gas Bulls
In the week ending on December 28, the inventories spread was -17.2%.
Broader Market Might Have Limited the Upside in Energy ETFs
US crude oil February futures rose 5.6% in the trailing week.
Rig Count Might Be Negative for Natural Gas Prices
The natural gas rig count was at 198 last week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008.
Natural Gas Prices: Why the Rig Count Is Important
The natural gas rig count was at 198 last week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008.
Analyzing the Energy Sector Last Week
On December 7–14, US equity indexes ended in the red. Last week, IVOO, SPY, and DIA fell 2.7%, 1.3%, and 1.2%, respectively.
EIA’s Inventory Data and Natural Gas Prices
On December 13, the EIA is scheduled to release its natural gas inventory report for the week ending on December 7.
OPEC’s Meeting: Key Catalyst for Oil This Week
The EIA’s latest oil and natural gas inventory data are scheduled to be released on December 5–6, respectively.
Top Upstream Gainers in the Trailing Week
On November 12–19, upstream stock Concho Resources (CXO) gained the most on our list of upstream energy stocks.
XOP Is Underperforming Other Energy ETFs
On November 12–19, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest decline among major energy ETFs.
Rig Count: Only Hurdle for Natural Gas’s Rise
The natural gas rig count was at 195 last week. The rig count has fallen ~87.9% from its record level of 1,606 in 2008.
Upstream Space Might See Upside This Week
On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs.
Key Energy Events for the Week Ending November 9
On November 8, the Fed might announce important changes to key interest rates, which would be important for the US dollar.
Oil Pulls, Broader Market Extends Support to Energy ETFs
On October 11–18, OIH, XOP, AMLP, and XLE had correlations with natural gas November futures of 46.9%, -2.3%, -28.4%, and -33.9%.
Rising Rigs Might Offset Natural Gas’s Rise
Between January 2008 and July 2018, US natural gas marketed production rose ~57.6% despite the falling natural gas rig count.
Higher EIA Inventory Data Might Be Bullish for Natural Gas
In the week ending on October 5, the inventories spread was -17%. The spread contracted by 50 basis points compared to the previous week.
Oil Rigs and Higher Natural Gas Prices
The natural gas rig count was at 189 last week. However, the natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
Upstream Stocks Might Continue to Build on Last Week’s Gains
In the week ending September 28, upstream energy stocks continued their winning streak for the third consecutive week.
Devon Energy Fell 8% in September: Can It Regain Upward Momentum?
Devon Energy (DVN) has been sluggish over the past month despite the gains in crude oil and natural gas prices.
Marathon Oil Has Risen ~27% in 2018
Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August.
Inventories Data Might Limit Natural Gas’s Rise
On September 20, the EIA is scheduled to release its natural gas inventory report for the week ending September 14.
Upstream Stocks Saw Strong Buying Last Week
Upstream energy stocks saw strong buying in the week ending September 14 amid sharp gains in crude oil prices. US crude oil went above $70 per barrel.
Why ConocoPhillips Is Outperforming Peers This Year
US independent upstream companies have been volatile recently.
Why Laredo Petroleum Is Surging Today
Laredo Petroleum (LPI) stock is up more than 9% on strong volumes. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.
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.
How Oil’s Fall Has Impacted Energy ETFs
US crude oil October futures have fallen 3.5% in the trailing week.
Analyzing the Inventories Spread and Natural Gas Prices
In the week ending August 24, the inventories spread was -19%. The inventories spread contracted by ~70 basis points compared to the previous week.
EOG Resources Is the Second Least Volatile E&P Stock
EOG Resources (EOG) ranks second among E&P stocks in terms of volatility.
Here Are the Five Least Volatile Exploration & Production Stocks
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) had a 200-day volatility of 27.6% as of August 29.
Chesapeake Energy Fell 6% in August: Can It Gain Momentum?
CHK stock has fallen 6.1% since the beginning of August. In that same period, US crude oil has fallen 1.3%, and natural gas has risen 6.4%.
Why Natural Gas Inventories Could Dismay Natural Gas Bulls
Since August 23, natural gas October futures have fallen 3.7%.
Oil Rigs Might Be a Concern for Natural Gas Bulls
The natural gas rig count was at 186 last week. However, the natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008.
Events that Could Impact Oil Prices This Week
Between July 20 and July 27, Murphy Oil (MUR), EQT (EQT), and Apache (APA) returned 2.0%, -10.5%, and 1.4%, respectively.
US Crude Oil Production Is Steady
The EIA estimates that the US crude oil output was steady at 11 MMbpd on July 13–20. The production was steady for the second consecutive week.
Where EOG Stock Could Settle prior to Its Q2 2018 Results
On July 24, EOG Resources had an implied volatility of ~26.4%, lower than its implied volatility of ~27.5% at the end of the second quarter.
US Dollar Index Is Important for Crude Oil Traders
The US Dollar Index fell ~0.1% to ~94.6 on July 24, while September WTI oil futures rose 0.93% to $68.52 per barrel on the same day.
Why a Change in Inventory Could Make Oil Bulls Happy
According to the EIA’s report on July 18, US crude oil inventories rose by ~5.8 MMbbls to ~411.1 MMbbls in the week that ended on July 13.
Viper Energy Outperformed Its Peers and the Sector
VNOM and BSM have lost 8.9% and 2.2%, respectively, from their month’s peak.
Permian Region Driving US Crude Oil Production
The EIA (U.S. Energy Information Administration) estimates that US crude oil output rose by 100,000 bpd (barrels per day) to 11,000,000 bpd last week, a record high.
Will Devon Energy Beat Q2 2018 Earnings Estimates?
Devon Energy (DVN) beat consensus EPS estimates in Q2 2017 and Q3 2017 but missed consensus EPS estimate in Q4 2017 before meeting EPS estimates in Q1 2018.
What Has Deteriorated Oil’s Prospects?
On July 16, US crude oil August futures fell 4.2% and settled at $68.06 per barrel—their lowest closing level since June 21.
A Look at ConocoPhillips’s Q2 2018 Earnings Estimates
In the last four quarters, COP beat the consensus EPS estimate 75.0% of the time and met its consensus EPS estimate 25.0% of the time.
US Could Be the World’s Largest Crude Oil Producer by 2020
The EIA (U.S. Energy Information Administration) estimates that the US crude oil output was steady at 10,900,000 bpd on June 29–July 6.
How the US Dollar Index Is Affecting Oil
The US Dollar Index rose ~0.1% to ~94.15 yesterday, while August WTI oil futures rose 0.4% to $74.11 per barrel.
Oil Inventory Data: Possible Scenarios
According to the EIA’s report released on July 5, US crude oil inventories rose by ~1.2 MMbbls to ~417.9 MMbbls in the week ending June 29.
US Oil Production Steady for the Third Straight Week
The EIA estimates that the US crude oil production could average 10,790,000 bpd in 2018 and 11,760,000 bpd in 2019.
Concho Resources: The Fourth-Lowest Energy Performer in XLE
In the first half of 2018, CXO fell from its 2017 close of $150.22 to $138.35—a moderate decrease of ~8.0%.
Energy Is Worst-Performing Sector in the S&P 500 So Far This Week
Due to the negative performance from energy commodities, the energy sector is turning out to be the worst-performing sector in the S&P 500 Index this week.
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.
Forecasting ConocoPhillips’s Stock Price Up until July 6
Due to its stock price rising ~2.7% last week, ConocoPhillips (COP) implied volatility fell from ~26.6% to ~26.4%, marginally lower than its implied volatility of ~26.5% on March 30.
Where ConocoPhillips’s Stock Could Settle by June 29
As of June 22, ConocoPhillips (COP) had an implied volatility of ~26.6%, which is marginally higher than its implied volatility of ~26.5% on March 30.
Legacy Reserves Has Risen ~45% from the Lows in May
Legacy Reserves has seen a steep decline from its YTD highs due to weakness in crude oil prices and the wider WTI Cushing-WTI Midland spread.
Anadarko Petroleum: XLE’s Third-Strongest Stock
This year, Anadarko Petroleum (APC) has been the Energy Select Sector SPDR ETF’s (XLE) third-strongest stock.
Energy: Second-Best-Performing Sector in S&P 500 This Week
From June 18–20, the energy sector was the second-best-performing sector in the S&P 500.
Russia’s Crude Oil Production and OPEC’s Meeting
Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. Russia’s crude oil production averaged 11.1 MMbpd in early June.
Key Events for the Oil Market This Week
OPEC members’ meeting is scheduled for June 22. The meeting will likely be the most important event for oil prices this week.
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.
Lower US Crude Oil Production Forecasts for 2019
The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.
Commodities Are Strong Early on June 14
At 6:15 AM EST on June 14, the WTI crude oil futures for July delivery were trading at $66.84 per barrel—a gain of 0.32%.
What’s Dragging Down Cabot Oil & Gas Stock?
Year-to-date, Cabot Oil & Gas (COG) has been the fifth-weakest energy stock from the US oil and gas production sector.
Is Jagged Peak Energy’s Valuation Justified?
This year, Jagged Peak Energy (JAG), has been the third-weakest US upstream stock.