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 …
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 …
U.S. crude oil exports jumped nearly 91,000 barrels per day in October, mostly due to a major increase to Canada, foreign trade data from the U.S. Census Bureau showed on Friday. Total U.S. exports were just over 500,000 bpd, according to the data. Exports to Canada were 449,000 bpd, while exports to Italy were 20,000 …
Successful trading rule No.1: do not enter any significant position until you have worked out an eventual exit strategy. Rule No.1 is especially important if the position is large relative to the overall market or a large number of traders are all trying to put on the same position at the same time because the …
OSLO—The International Energy Agency’s executive director said Monday that global oil and gas investments were expected to drop in 2015 and 2016, marking the first two-year spending decline in decades, and he warned of the long-term impact on supply. “We have never seen this in the last 30 years, two consecutive years of investment decline,” …
The much-awaited auction of 69 marginal oil and gas fields, which would usher in the revenue-sharing model of contracts, is likely to commence in February. Confirming the contours of the new contract are being finalised, a senior petroleum ministry official told FE, “The exact date of auction would be decided at the highest level of …
COLUMBUS, Ohio (AP) – The state Department of Natural Resources says the amounts of oil and natural gas being produced by Ohio shale wells continue to set records. Statistics released by the department on Thursday show nearly 6 million barrels of oil and 245 billion cubic feet of natural gas produced during the third quarter …
Oil field services companies slogging through the worst downturn in decades can no longer rely on their traditional oil bust playbook of cutting costs, laying off people and offering deep discounts. Instead, the industry will have to reshape the way it does business to meet the evolving needs of oil companies clamoring for cheaper and …