bjdlzx Marathon Oil (NYSE:MRO) is a company that has a known reputation as an operator. In the first quarter report, they burnished that reputation some more with the following announcement: Brought online 12 three-mile wells during first quarter, delivered at a total per foot well cost more than 20% below comparable two-mile lateral wells; first…
Andres Victorero The above is Briefing.com’s weekly economic data table. April ’24 PPI and April ’24 CPI are due out Tuesday, May 14th, and Wednesday, May 15th, respectively. Shelter or OER (owners’ equivalent rent) has a significant influence on the CPI given its weight (roughly 30% of the inflation gauge) and then add in auto…
Magnolia Oil & Gas Corporation (NYSE:MGY) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Tom Fitter – IRChris Stavros – President and CEOBrian Corales – SVP and CFO Conference Call Participants Neal Dingmann – TruistLeo Mariani – ROTH MKMCharles Meade – Johnson RiceOliver Huang – Tudor Pickering Holton CompanyZach Parham…
zhengzaishuru Oil prices have wavered recently. Tensions in the Middle East, for now, have ebbed, resulting in a pullback in what had been a strong rally year to date in WTI. Now under the $80 per barrel level, there is not much action in the oil space. What has been stealthily on the rise, however,…
Chris Stein Introduction Whitecap Resources (TSX:WCP:CA)(OTCPK:SPGYF) just released its 1Q2024 results. As expected, the results were excellent, plus the management raised the production guidance without increasing the Capex, which was great news for investors. In this article, I am going to touch on the quarterly earnings briefly. I am then going to build a future…
Monty Rakusen/DigitalVision via Getty Images In mid-2022, I published a bullish outlook on the oil and gas producer Diamondback Energy (NASDAQ:FANG) in “Diamondback Energy: Oil Producers To Benefit From Substantial Decline In Crude Reserve.” At that time, I believed that crude oil prices would inevitably rebound due to the significant decline in total US storage…
ugurhan By Warren Patterson The risk of disruption to Middle Eastern supply grows While price action in the oil market has been somewhat surprising following Iran’s attack on Israel, the risk of tensions in the Middle East impacting oil supply is certainly growing. The lack of price strength following Iran’s recent attack is largely due…
Chinnasorn Pangcharoen Oil is very important, but it’s the refiners that we are focused on, let me explain Even as everyone is certain that if Israel attacks Iran, oil will jump to 190 per share. This was reported in Seeking Alpha today, quoting Bank of America’s analysts. As time goes on and as the war…
karenfoleyphotography/iStock via Getty Images In 1973, the price of crude oil rose from below $3.00 per barrel to almost $12 per barrel. This quadrupling (+300%) of the crude oil price occurred as a result of the “Arab Oil Embargo.” We believe that events in 2024 could potentially produce an oil price shock of equal or…
Kardd/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Further conflict could boost oil prices and keep U.S. inflation high. (0:16) Netflix highlights earnings this week. (2:57) Piper Sandler picks Triple Select Stocks. (3:30) The following is an abridged transcript: Geopolitics will be top of mind for the markets…
imaginima ConocoPhillips’s (NYSE:COP) shares have soared year-to-date, largely because the U.S. economy is expanding rapidly and OPEC+ members last month agreed to a new round of voluntary supply limitations that boosted petroleum prices to the $80+ per barrel price range. With improved operating conditions, production-focused energy companies like ConocoPhillips also have higher investment appeal for…
DenGuy/E+ via Getty Images Thesis Shares of Aris Water Solutions, Inc. (NYSE:ARIS) nearly doubled in the past three months. They grew from $7.74 on January 19 to $15.15 on April 9. However, we need to take those numbers in context, because the shares had been at more than $20 in the summer of 2022, and…
Ivanb-photo/iStock Editorial via Getty Images Introduction As it has been more than six months since I last discussed Galp Energia (OTCPK:GLPEF) (OTCPK:GLPEY) here on Seeking Alpha, it’s perhaps time for an update. Not only has the company released its full-year results, it also made what appears to be a sizable new discovery in Namibia while…
curraheeshutter OIS Strides Ahead I discussed Oil States International (NYSE:OIS) in the past, and you can read the latest article here, which was published on January 17. At the start of 2024, I expect the commercialization of new technologies to push its revenues and cash flows higher. Its managed pressure drilling systems and the ActiveHub…
Bet_Noire As tensions in the Middle East flare up yet again and as we enter election season, putting on some shorter-term tactical energy trades on top of existing oil and gas investments makes some sense. Currently, energy traders are anticipating a squeeze in deliverable supplies of oil and a sharp depletion of inventory over the…
Monty Rakusen/DigitalVision via Getty Images Global oil prices have made a stealthy move higher this year. WTI now trades around the $85 mark while Brent hovers just shy of $90. While there were fears of a bearish supply/demand balance heading into the year, resiliency in the domestic economy and growing optimism about China’s recovery have…
AleksandarGeorgiev/E+ via Getty Images In the past few months, crude oil pricing (CL1:COM) resumed its upward path following what long-term fundamentals suggest. In addition, a few quiet changes occurred. Though small, each will have long-term impacts. Other authored articles by us such as Crude Oil’s Ever-Changing Dynamics And Sounds, highlight CapEx and other political pressures…
Tran Van Quyet/iStock via Getty Images A month ago, we wrote an article titled, “U.S. Oil Production Report Out With Far More Questions Than Answers.” The gist of the article was that if we added adjustment to U.S. oil production, total crude supplies in December came out to 13.719 million b/d. We wrote at the…
Maksim Safaniuk For those who are bullish about oil, 2024 is looking to be a very solid year. Already, Brent crude prices are up 12.1% year to date, while WTI crude prices are up an impressive 15.6%. The most recent move higher was driven by news that, in addition to OPEC+ extending its voluntary production…
baona If the Fed is sending a message to the market that it is willing to let inflation run hot and wants to cut interest rates regardless of inflation hitting its 2% target, it seems only natural that commodity prices will rise from current levels. Oil and gasoline appear to be the two commodities that…
chengwaidefeng Vista Energy, S.A.B de C.V. (NYSE:VIST) looks promising in 2024 as the company has an attractive low valuation with strong double-digit revenue and earnings growth according to consensus estimates. The stable expected price of crude oil in 2024 and 2025 should help the company maintain its high profitability metrics. Company Background Vista Energy is…
Saturn Oil & Gas Inc. (OTCQX:OILSF) Q4 2023 Earnings Conference Call March 13, 2024 12:00 PM ET Company Participants Kevin Smith – Vice President, Corporate Development John Jeffrey – Chief Executive Officer Justin Kaufmann – Chief Development Officer Scott Sanborn – Chief Financial Officer Kevin Smith Hello and thank you for joining Saturn Oil’s Fourth…
Michael M. Santiago Introduction Exxon Mobil (NYSE:XOM) has been a key driver in my portfolio and allowed me to outperform the market since 2020. During the pandemic, I bought the stock dirt cheap close to $30, when the entire world was buying tech, growth, and alternative investments like crypto and pictures of rocks. However, I…
SlavkoSereda For March, West Texas Intermediate (WTI) oil prices should range between $70 and $90 per barrel. This is an increase of $5 per barrel from last month. A narrower range is between $75 and $85 per barrel. For most of last month, prices were tightly packed between the low and high $70s. As the…
constantgardener/E+ via Getty Images Originally a Canadian company (Encana), Ovintiv Inc. (NYSE:OVV) over time has renamed itself, expanded US operations, and even moved its headquarters to the US (Denver, Colorado). It retains substantial natural gas production in Canada’s Montney basin. Like the rest of the oil and gas sector, Ovintiv has made good progress after…
Jeremy Poland Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) is a passively managed exchange-traded fund. The fund tracks the Dynamic Energy Exploration & Production Intellidex Index. The fund provides exposure to oil and natural gas companies that explore, extract, and refine these resources, creating gasoline, liquid natural gas and other finished products. This fund is…
Oil States International, Inc. (NYSE:OIS) Q4 2023 Earnings Conference Call February 20, 2024 11:00 AM ET Company Participants Ellen Pennington – Counsel & Assistant Corporate Secretary Cindy Taylor – President & Chief Executive Officer Lloyd Hajdik – Executive Vice President & Chief Financial Officer Conference Call Participants Connor Jensen – Raymond James John Daniel –…
Monty Rakusen By Andrew Prochnow Since hitting a low point in mid-December, crude oil prices have surged by approximately 15% over the past eight weeks, reaching a recent peak of around $78 per barrel. Throughout the last quarter of 2023, oil prices faced downward pressure amid worsening outlooks for the global economy. However, the recent…
Arseniy45/iStock via Getty Images Prairie Operating Co. (NASDAQ: PROP) (Prairie) is engaged in the exploration and production (EandP) of oil, natural gas, and natural gas liquids (NGLs). The company has secured approximately 45,000 acres in Weld County, Colorado, above the Niobrara and Codell formations in the Denver-Julesburg (DJ) Basin, known for its estimated reserves of…
mysticenergy Saturn Oil & Gas (OTCQX:OILSF, TSX:SOIL:CA) is a small capitalization Canadian oil & gas company that has confused investors by growing primarily through acquisition with enough change in the complexion of the company that it has been largely ignored. Last February, Saturn acquired Ridgeback oil & gas for (all funds in Canadian dollars) $516…
wenbin/Moment via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to November 2023. U.S. November oil production increased by 84 kb/d to 13,308 kb/d, a new record…
Vladimirovic There’s no perfect gauge of supply and demand conditions in the global oil market. However, a handful of indicators can help give us a read on oil market balances, and the likely path of prices. That list includes refining profit margins, the shape of the oil futures curve, patterns in US oil inventories and…
angel_nt A guest post by Ovi Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil-producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to September 2023. This is the latest and most detailed/complete World Oil production…
peshkov A guest post by D Coyne STEO The EIA’s Short Term Energy Outlook (STEO) was published in early January. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output. The EIA’s Short Term Energy Outlook (STEO) was revised lower for both 2023 and…
Bruce Bennett The current situation in the Middle East as well as recent voluntary production limitations on the part of major OPEC+ members strongly indicate that BP (NYSE:BP) could be set, not for a record year in 2024, but for a solid year in terms of earnings nonetheless. After the escalation of the Israel-Gaza conflict…
TinaFields Prio S.A. (OTCPK:PTRRY), formerly PetroRio, stands out as a prominent Brazilian oil and gas company, primarily focusing on asset recovery, production, and investment. The company strategically emphasizes efficient reservoir management and the development of mature fields, engaging in gas and oil production, exploration, marketing, and transportation. Notably, Prio holds the distinction of being the…
RonFullHD Oil prices took a hit for several reasons in the final couple of months of 2023. First, the US EIA reserves have increased. Second, the US shale oil producers have gotten quite active. Moreover, everyone is worried about the Fed and that it might hike the interest rates. All is true. But the most…
Editor’s note: Seeking Alpha is proud to welcome Daniel Mellado as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » shotbydave/E+ via Getty Images Investment Thesis Despite the efforts…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Click here to download a PDF of this article. Come with me to the land of saffron and rosewater for a story lost in the annals of history. This ancient kingdom, rich in history and once…
Fokusiert I have written a number of bullish pieces on crude oil and related U.S. production ideas since the summer. I still believe my articles on Exxon Mobil (XOM) here, United States Oil Fund, LP (USO) here, and Texas Pacific Land (TPL) here are topical and worthwhile reads. The positive take is largely a function…
Wirestock The Apple Investment Thesis Data by YCharts Apple Inc. (NASDAQ:AAPL) had another fantastic year in terms of stock performance. But with the exception of a few minor bumps in the road, Apple shareholders have gotten used to it since the release of the first iPhone, as Apple has been one of the best-performing stocks…
ssstep There is a lot of hype about U.S. shale oil production going into year-end, and let me tell you like it is, it’s almost all fluff. HFIR Note: Figures following November do not include “transfers to crude oil supply.” Instead, it’s a more realistic reflection of U.S. oil production. Looking at our real-time tracker,…
Isaac Lee/iStock Editorial via Getty Images Stock Snapshot I want to highlight a tool called key market data on Seeking Alpha, which can tell me the performance of various sectors. In today’s research article, I will focus on a stock in the energy sector, which as of late has seen a slump on a year-to-date…
Torsten Asmus Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (NASDAQ:USOI) is a unique product for investors looking to speculate on the price of Crude Oil. It does so by buying the front month futures and selling covered calls as described below. The Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the “Index”)…
narvikk While demand has been strong, even stronger supply has weighed on oil this year. MoneyTalk’s Greg Bonnell discusses whether that trend will continue with Andriy Yastreb, Vice President, Portfolio Research with TD Asset Management. Transcript Greg Bonnell: Oil prices have been volatile this year. It’s making it a bumpy ride for energy investors. So…
Jaromir Ondra In April 2020, when nearby NYMEX crude oil futures (CL1:COM) fell below zero for the first time, the low in the nearby Brent petroleum futures was $16 per barrel. Two years later, in March 2022, when nearby NYMEX futures exploded to $130.50 per barrel, the highest price since 2008, Brent futures peaked at…
Torsten Asmus It’s been a choppy year for oil in 2022/2023, and looking ahead to 2024, the only certainty continues to be more uncertainty. Unlike in prior years, when the global economy remained surprisingly resilient through a series of aggressive rate cuts, oil demand is now the major overhang. Growth data hasn’t yet turned meaningfully…
Sadeugra/E+ via Getty Images Private Equity Exits Hit Five-year High With Occidental Deal For CrownRock According to Enverus Intelligence Research, public oil companies have spent $30B on private equity-owned acquisitions. That is the highest in 5 years. When Private Equity is jumping ship, the ship is about to sink to the bottom. Either PE is…
Dilok Klaisataporn Ok, fine. The article title is probably an over-exaggeration, but it sure got your attention. In all seriousness, I’m seeing a lot of people question whether or not the OPEC+ cut thing is a good thing, and then I see panic over the reported U.S. oil production figures, and I can’t type fast…
Mohamed Tahdaini/iStock Editorial via Getty Images Africa Oil Corporation (OTCPK:AOIFF) has dropped 25% from its highs, as the company has been impacted by a global downturn in oil prices. However, that’s a temporary downturn in our view, as the company continues to focus on building out an impressive portfolio of producing assets. The company has…