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A Norwegian union leading an ongoing strike among drilling oil workers will consider over the next few days whether to escalate it to all its 2,250 members from around 1,600 today, a union official told Reuters. The remaining employees work on rigs that drill production wells, not on platforms producing oil and gas, Safe said.
On behalf of Equinor, DNB has on 13 July 2018 purchased 428,358 shares for use in the group's Share saving plan.. The shares have been acquired at a price of NOK 218.10 per share. Before distribution to ...
The increasing growth in natural gas production from the Marcellus is constrained right now by the lack of available takeaway pipeline capacity to move it to new markets. Improved takeaway capacity could grow Marcellus production volumes for producers including Cabot Oil & Gas (COG).
Cabot Oil & Gas (COG) has provided a second-quarter production guidance range of 1,850 MMcfe (million cubic feet equivalent) per day to 1,900 MMcfe per day—or 1,875 MMcfe per day at the mid-point. While the company hasn’t provided the exact reason for the lower second-quarter production levels, the key driver could be COG’s Eagle Ford divestiture, which completed in the first quarter. Production from these properties was 15,656 barrels of oil equivalent in 3Q17, according to a press release in December 2017.
Cabot Oil & Gas (COG) plans to release its second-quarter earnings on July 27. Revenue estimates stand at ~$384.96 million. COG’s revenue was ~$460.57 million in the second quarter of 2017.
For the April to June quarter of 2018, Energy will likely generate $19.5 billion in earnings, significantly higher than the recorded profit in each of the prior four quarters.
Around 75.75% of the analysts rated Anadarko Petroleum (APC) as a “buy,” 21.21% rated it as a “hold,” and 3% rated it as “underperform.”
Independent Oil and Gas companies are non-integrated companies that receive nearly all of their revenues from production at the wellhead. On Thursday, shares in The Woodlands, Texas headquartered Anadarko Petroleum Corp. recorded a trading volume of 2.71 million shares. The Company's shares have gained 3.28% in the last month, 17.43% over the previous three months, and 68.17% over the past year.
The current implied volatility in Anadarko Petroleum stock (APC) is ~30.49%. In comparison, Apache (APA) has an implied volatility of ~35.86%, while Continental Resources (CLR) has an implied volatility of ~38.78%. Sanchez Energy (SN) has a higher implied volatility of ~67.54%. The Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~17.86%.
Between July 3 and July 11, our list of natural gas–weighted stocks was flat, while natural gas August futures fell 1.4%.
Anadarko Petroleum (APC) stock has risen significantly this year. The stock has risen 37.8% year-to-date and 73.14% on a YoY (year-over-year) basis. In comparison, the broader industry represented by the Energy Select Sector SPDR ETF (XLE) has increased ~20.48%, while the broader market S&P 500 SPDR ETF (SPY) has risen 15.07% during the same period.
The natural gas–weighted stocks on our list that are sensitive to US crude oil August futures’ movements based on their past five trading sessions’ correlations with US crude oil August futures are as follows: Chesapeake Energy (CHK) at 90.2% Antero Resources (AR) at 75.3% Range Resources (RRC) at 53.8% Gulfport Energy (GPOR) at 49.2% Cabot Oil & Gas (COG) at 37.2%
Anadarko Petroleum (APC) has a production guidance range of 615 Mboepd–640 Mboepd (thousand barrels of oil equivalent per day) or 627.5 Mboepd at the midpoint for the second quarter—compared to 631 Mboepd reported in the second quarter of 2017. Anadarko Petroleum’s oil volumes are expected to be 346 Mboepd–362 Mboepd or 354 Mboepd at the midpoint in the second quarter—compared to 331 Mboepd reported in the second quarter of 2017. For 2018, Anadarko Petroleum has provided a production forecast of 658 Mboepd–685 Mboepd or 671.5 Mboepd at the midpoint. Anadarko Petroleum’s production volumes were 672 Mboepd in 2017.
Anadarko Petroleum (APC) is expected to release its second-quarter earnings on July 23 after the markets close. As we noted above, Anadarko Petroleum’s second-quarter revenue estimate is slightly higher than its revenues in the same quarter last year. Anadarko Petroleum’s second-quarter EPS estimate is ~$0.52. Anadarko Petroleum posted an adjusted EPS of -$0.77 in the second quarter of 2017 and an EPS of $0.52 in the first quarter.
Exxon Mobil (XOM.N) will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project's onshore operations following a $2.8 billion (2.12 billion pounds)deal with Italy's Eni (ENI.MI) last year, adding to its slate of planned gas projects in Qatar, Papua New Guinea, Russia and the United States. It now aims to build the world's biggest liquefaction units, or trains, outside Qatar, in Mozambique's remote north, shelving former operator Eni's more modest blueprint in pursuit of cost savings to boost returns on investment.
Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project's onshore operations following a $2.8 billion deal with Italy's Eni last year, adding to its slate of planned gas projects in Qatar, Papua New Guinea, Russia and the United States. It now aims to build the world's biggest liquefaction units, or trains, outside Qatar, in Mozambique's remote north, shelving former operator Eni's more modest blueprint in pursuit of cost savings to boost returns on investment.
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
On July 10, natural gas August futures closed at a premium of ~$0.11 to August 2019 futures. On July 3, the futures spread was at a premium of ~$0.17. On July 3–10, natural gas August futures fell 2.9%.
HOUSTON , July 11, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) will host an investor conference call on Wednesday, Aug. 1, 2018 , at 8 a.m. CDT ( 9 a.m. EDT ) to discuss its second-quarter ...
The natural gas rig count was at 187 last week—the same as the previous week. The natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008. However, US natural gas marketed production rose ~45.8% between January 2008 and April 2018 despite the natural gas–targeted rig count falling. As a result, natural gas active futures have fallen 64.5% since January 2008.
While hedge funds’ net bullish positions in US natural gas futures and options dropped by 26% to 122,699 contracts between June 26 and July 3, they were up ~32.5% year-over-year. The US Commodity Futures Trading Commission released its latest positions data yesterday.