Summary Up through last week, the West Texas Intermediate Crude price had fallen to 40 dollars per barrel, putting it close to the sorts of prices we saw during the dark days of the last recession. Yes, all things being equal, falling oil prices would free up funds for other types of spending. But when …
Lawmakers in Washington are pushing a tax break for oil refiners as part of a compromise allowing unfettered crude-oil exports for the first time in 40 years. Sen. Tom Carper, D-Del., proposed a tax credit of up to $3 a barrel to independent refiners that would be harmed if Congress abolishes U.S. crude-export restrictions. A …
With the rise of Islamic extremism in the Middle East and Daesh (or ISIS, ISIL, IS, or whatever you want to call it) in control of oil fields in Iraq, one of the biggest surprises this year has been the plunge in oil prices. Although the decline actually began during the second half of last …
Summary Why OPEC’s current position in the oil industry is misunderstood. The time factor and how it relates to Saudi Arabia and its budget. U.S. shale and companies exposed to it have changed the oil industry forever. It continues to boggle my mind when reading or listening to much of the analysis surrounding the oil …
Summary Oil traders are panicking. Take advantage. 3 billion barrels in storage seems like a lot. It is not. Demand is increasing supply is not. Geopolitical risks are totally priced out of the market. I expect a 50% rise in oil prices in 2016. Oil is mispriced under $40, especially for 2016 The price for …
Even as crude prices stumble, Dallas pipeline company EnLink Midsteam and its partner company Devon Energy are betting $3.5 billion is a bargain in Oklahoma’s oil and gas fields right now. The two companies – which merged in 2014 but maintain separate operations in Dallas and Oklahoma City – announced Monday they were buying both a …
In a report shared with investors on Monday, 7 December, Eland Oil Gas PLC (LON:ELA) stock had its Buy Rating kept by equity analysts at Panmure Gordon. Panmure Gordon now has a GBX 130.00 TP on the 52.84M GBP market cap company or 257.34% upside potential. Nostrum Oil & Gas PLC (LON:NOG) traded up 0.8788% …
Summary Since mid-2014, E&P stocks have suffered extreme punishment in the market. Many companies’ prices make them penny stocks, and many more have debt levels which make their equity contribution minimal. The author identifies a group of 33 E&P stocks which the market appears to believe are the “Bottom of the Barrel.” Market capitalizations, debt …
U.S. oil companies will likely pay close to $1 billion this year to put more ethanol and renewables in gasoline and diesel and face even higher compliance costs in 2016 after the U.S. government set targets for alternative fuel use above industry expectations. Higher costs could be passed on to consumers, pushing fuel prices higher …
New York State’s pension fund launched a $2 billion low-carbon index which will exclude or reduce investment in high-emitting industries such as coal mining, the State Comptroller said on Friday. Launching the scheme from the global climate summit in Paris Thomas P. DiNapoli said: “Low-carbon, sustainable investments are key to our future …and this expansion …