|Bid||0.00 x 3000|
|Ask||0.00 x 900|
|Day's Range||67.25 - 68.41|
|52 Week Range||42.27 - 71.71|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.14 (1.74%)|
|1y Target Est||N/A|
In this part, we’ll look at how hedge funds are positioning themselves in the Energy Select Sector SPDR ETF’s (XLE) strongest energy stocks. In Q1 2018, 38 hedge funds bought (created new positions or added to their existing positions) ONEOK (OKE) stock, while 42 hedge funds sold ONEOK (closed their position or reduced their existing positions).
Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert the commodity into local markets and a reduced demand forecast for gas-fired power, according to estimates from the nation's energy market operator. "No supply gaps are forecast before 2030 under expected market conditions," the Australian Energy Market Operator (AEMO) said on Friday in its annual outlook for gas.
to lead Opec in a roughly 1m barrel a day output boost as it seeks to cool the rally in crude. Brent crude, the global benchmark up as much as 3 per cent to $75.24 a barrel, while West Texas Intermediate, the US crude marker, rose as much as 2.6 per cent to $67.27 a barrel. Saudi Arabia’s oil minister Khalid Al Falih, in Vienna, said that the agreement would allow countries that have spare production capacity to increase production.
Inventory level is one of the key indicators of a company’s business health. While a high inventory level may indicate that the company is going through a rough patch in terms of sales, a dwindling level may indicate that it will run out of stock in a favorable sales condition. This is where inventory turnover comes into play.
We have considered four popular ratios in order to find efficient companies that have the potential to provide impressive returns
As of June 15, Reuters reported 24 analysts with recommendations on COP. Of these analysts, ~21% have “strong buy” ratings and ~46% have “buy” recommendations while the remaining ~33% analysts have “hold” recommendations. There are no “sell” or “strong sell” recommendations on the stock.
As of June 15, ConocoPhillips (COP) had an implied volatility of ~24.8%, which is lower than its implied volatility of ~26.5% on March 30. Last week, COP’s implied volatility increased from ~23.8% to ~24.8% due to a ~6% down move in its stock price.
With oil prices having stayed above $60 for several months now, U.S. drillers are beginning to test their fracking capabilities on oil fields that haven’t produced in decades
Harold Hamm, founder and chief executive officer of Continental Resources Inc, has canceled a scheduled appearance at an OPEC event this week in Vienna, a company spokeswoman said. Hamm is the third of five U.S. shale executives to withdraw from a scheduled speaking slot at the OPEC meeting in Vienna.
Hedge funds increased their net bullish positions in US crude oil futures and options 0.5% to 315,063 on June 5–12. The positions increased by 119,765 contracts or 61% from a year ago. The US Commodity Futures Trading Commission released the data on June 15.
The price of oil has tumbled over the last few weeks, dropping from an intraday high around $73 on May 22, to roughly $64.25 on June 15, a drop of almost 12 percent. The outlook for oil doesn't look much better, based on the technical charts, the price could drop to roughly $61.20 before hitting its next level of technical support, a decline of about 5 percent more. Exxon finished trading on June 15 sitting around a critical support level of $80.80, with the stock closing the week at $80.66.
Venezuela’s economic, social and political crisis appears to be worsening by the day, having a spectacular impact on the country’s oil industry as PDVSA has been forced to shut in production and suspend shipments
Warren Buffett clearly knows his way around the stock market. There’s no reason to go over America’s favorite value investor’s history of great returns and generating gains for Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). The key for Buffett’s and Berk’s success comes down to buying companies with large economic moats that generate huge amounts of rising cash flows.
All eyes in the oil market are focused on the upcoming OPEC meeting, but it is important for analysts to be aware of the bullish and bearish cases for oil prices in the long term – because the outcome of the OPEC meeting is unlikely to be decisive
ConocoPhillips’s (NYSE:COP): ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. With the latest financial year loss ofRead More...
Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston-based oil producer Wildhorse Resource Development Corp (WRD.N) tasked the crew with breathing new life into the field by using technology developed for fracking shale rock. In the limestone and clay Austin Chalk formation, which stretches across south Texas into central Louisiana, Wildhorse is among a growing group of U.S. producers opening a new front in the nation's energy revolution.
ConocoPhillips (COP) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
In this final part of our series, we’ll discuss the YoY (year-over-year) stock performances of ConocoPhillips (COP), EOG Resources (EOG), Anadarko Petroleum (APC), Occidental Petroleum (OXY), and EQT Corporation (EQT).
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. "We're getting to a point where a continued rise in the oil price is going to cause major problems for the global economy," said Amy Meyers Jaffe, director of the program on energy security and climate change at the Council on Foreign Relations.
The Austin Chalk, a vast underground ribbon of rock along the Gulf Coast, is garnering new attention this year, with drillers including ConocoPhillips and EOG Resources Inc. trumpeting efforts in an area the industry largely wrote off 20 years ago. Just last week, private-equity giant Blackstone Group LP sold royalty rights in the region for more than $400 million. The revival is the latest testament to the oil industry’s improved health, with crude prices near $70 a barrel after a painful three-year slump.
Lawyers for five major oil companies asked a federal judge Wednesday to dismiss a lawsuit filed by New York City, arguing they shouldn’t be held responsible for damages the city says are caused by climate change. In January, the administration of Mayor Bill de Blasio, a Democrat, sued five companies—Chevron Corp., BP PLC, ConocoPhillips, Royal Dutch Shell PLC, and Exxon Mobil Corp.—arguing they knowingly produced fossil fuels that hurt the environment and misled the public about potential risks. Instead, it is seeking billions of dollars in damages it says it needs to protect New York City residents from rising sea levels, erosion and other conditions it says are caused by climate change.