Recent Oil Discoveries and the Companies Behind them

Two oil companies announce discoveries and one seeking a discovery in Oklahoma. Falling oil prices, excessive spending on shale technologies and massive layoffs have been the industry’s headlines since 2014.  But lately news is trending towards new discoveries and optimistic forecasting of an industry struggling to maintain viability in the eyes of their shareholders. A …

OPEC Agreement Adds To ‘Trump Rally’

Oil prices soared nearly 10% on news that OPEC has reached a much anticipated agreement to reduce output by 1.2M barrels per day, bringing the total daily production to 32.5M bpd. The agreement, which was announced Wednesday at 11:00am EST, is contingent on a reduction of production by 600,000 bpd from non-OPEC countries, with Russia …

InterOil: An Object Lesson For Shareholder Exits

By Mitchell Posner For years, InterOil (NYSE: IOC) wasn’t taken seriously as an E&P company. The business press used words like “fluky.” It’s now a mainstream LNG producer, and has provided a considerable return for its shareholders. Last week, the company announced that Oil Search will acquire InterOil, exchanging 8.05 shares for each share of …