|Bid||64.56 x 2900|
|Ask||64.98 x 1100|
|Day's Range||64.69 - 67.00|
|52 Week Range||56.75 - 80.24|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||12.16|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.22 (1.83%)|
|1y Target Est||79.00|
I am not a fan of this administration, but its recent efforts to force Iran and Venezuela out of the oil markets are having an effect: It's bringing some dead oil stocks back to life.Source: Shutterstock The big winners are domestic producers that, as in the Princess Bride, weren't all dead … just mostly dead. These are companies like Extraction Oil & Gas (NYSE:XOG) and Devon Energy (NYSE:DVN).What they have in common are steady production and balance sheets that let them put their new gains into something other than paying back old debt. If they can buy their own stock instead, it can float upward and that gives them a currency with which to do new deals.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculators WinThis has been a play for speculators, not investors, because if you were buying and holding these stocks over the last year or two, you're wondering what the excitement is about.Take Extraction Oil as an example. This stock is up 30% since the start of the year. Much of that gain has been achieved in just the last week, before April 23, as the price of West Texas Intermediate (WTI), the primary U.S. grade, has gone from $60 per barrel to $65. * 10 Oversold Stocks to Run From Extraction has had been profitable since last spring, but its balance sheet still shows $1.4 billion in debt, against a market cap of $946 million, when the stock opened for trade April 23. Over the last year, it is down 60%. It's only this month that it has started to pay off.Devon is in much better financial shape. It remained profitable during the worst of the oil bust, which started in 2014, reporting 2018 net income of $1.14 billion. The balance sheet shows debts of just $5.8 billion on a market cap of $15.4 billion.Yet if you have been in this name for a year, you have just broken even, and over two years, the return is a negative 10%. The dividend, currently at 9 cents per share, a yield of 1.14%, doesn't make up that loss. What you needed to do was time your trade to the start of the year. If you bought early in January, you have a gain of over 50% in Devon.This is a game for traders and speculators, not investors.What the small fry hope for is a bailout, from a major oil stocks player like Chevron (NYSE:CVX).Chevron recently announced it will buy Anadarko Petroleum (NYSE:APC) for $33 billion. Or try Conoco Philips (NYSE:COP), which has sold assets to firm up its balance sheet. It could now buy back stock or a smaller domestic producer. Analysts are pounding the table for these stocks.But what they're pushing are sellers, not buyers. Conoco Philips has been a net seller of assets. Anadarko is trading above the Chevron bid because Occidental Petroleum (NYSE:OXY) may still launch a hostile bid for the company.In any case, what analysts are praying for is consolidation. Fewer players, more concentrated in the Permian, could become "swing producers" that can hold prices steady, and increase production when the market is tight, limiting it when the market is glutted. The Bottom Line on Oil StocksIran is going to come back online. Venezuela is going to come back online. Huge new pools of oil, like the one Exxon Mobil (NYSE:XOM) has found off Guyana, are going to come online.Production will rise, and demand will fall, because there are now alternatives to oil in the market. Efficiency, technology, and renewable energy are still the market drivers. The Permian "control" of the market has a sell-by date, and you don't want to be long when it comes.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Why Dead Oil Stocks Are Rising From the Grave appeared first on InvestorPlace.
ConocoPhillips' (COP) first-quarter earnings will likely get a boost from rising liquids production. However, lower oil prices may affect its results.
ConocoPhillips' (COP) contract includes the delivery and installation of a subsea production system as well as the installation of umbilical, rigid flowlines and related subsea equipment.
Juniper (JNPR) is likely to report lower y-o-y revenues in the first quarter due to challenges within the cloud vertical and risks related to the partial U.S. federal government shutdown.
Sony (SNE) is likely to report lower-than-expected sales in Financial Services, Semiconductors, Mobile Communications, and Imaging Products & Solutions segment in the fiscal fourth quarter.
Hess' (HES) first-quarter results will likely get a boost from rising production. However, lower worldwide average selling prices are concerning.
Shell's (RDS.A) decision to offload stakes in SASREF refinery is part of its divestment drive in a bid to streamline its portfolio and slash debt.
While pricing and output gains are likely to fuel Chevron's (CVX) upstream unit in Q1, the downstream segment is expected to feel the heat of weak margins.
ConocoPhillips (COP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.
US Crude Oil Is Heading for a New HighUS crude oilOn April 22, US crude oil prices rose 2.3% and settled at $65.55 per barrel—the highest closing level for active US crude oil futures since October 31, 2018. On April 22, the US announced that the
What Might Impact US Oil Exports in the Coming Days?(Continued from Prior Part)Brent-WTI spread and US upstream companiesThe widening gap between Brent and WTI crude oil prices could benefit US crude oil exporters. Any rise in the spread could help
TechnipFMC : * Awarded a Significant Integrated EPCI Contract for the ConocoPhillips TOR II Development * For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.
Why Apache’s Earnings May Halve in Q1 2019Apache’s earningsApache (APA) is set to announce its first-quarter results on May 1. Analysts expect its adjusted EPS to fall ~52% sequentially in the quarter. Meanwhile, they
In fiscal Q2, slowdown in domestic onshore drilling activity could impact Helmerich & Payne's (HP) largest segment - U.S. Land.
Ramped-up upstream activities and increasing inbound orders amid crude uptick in the first quarter of 2019 bode well for TechnipFMC (FTI).
ConocoPhillips (COP) plans to allocate capital to resources where cost of operations will be considerably lower, making operations more efficient.
How far off is ConocoPhillips (NYSE:COP) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today...
In one move, the oil giant reduces costs and brings in more cash, which enhances its already excellent financial position.
U.S. energy group ConocoPhillips has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion (£2.06 billion), Conoco said on Thursday, making Chrysaor the biggest producer in the region this year. Reuters had reported on Wednesday that Chrysaor and Conoco were close to sealing the deal, citing sources close to the process who put the value of the assets at up to $2.8 billion. The North Sea has undergone a major transformation in recent years, as long-standing producers have sold assets to smaller players such as Chrysaor who say they can squeeze more money out of fields due to their nimbler operations.