|Bid||0.0000 x 3200|
|Ask||0.0000 x 4000|
|Day's Range||0.3225 - 0.3949|
|52 Week Range||0.3225 - 0.3949|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service (Moody's) changed the rating outlook for Gavilan Resources, LLC (Gavilan) to negative from stable. At the same time, Moody's affirmed Gavilan's other ratings, including its B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR) and its Caa1 senior secured second lien term loan rating. Moody's also withdrew Gavilan's SGL-3 liquidity rating.
Just in time for summer driving season, oil prices are moving up again.Source: Shutterstock Brent North Sea crude, the global standard, is selling for over $67 per barrel. West Texas Intermediate (WTI), the primary U.S. grade, is over $59. At Christmas Brent was at $50, WTI at $42.What's driving prices higher is a curb in Saudi exports, the complete collapse of Venezuela, and lower short-term forecasts for U.S. shale production.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts now say oil majors like Exxon Mobil (NYSE:XOM), which I wrote about last month, are now in position to become the new OPEC. They are taking control of Permian production from independents and driving the global price.Maybe they can become the new OPEC. But all OPECs have a sell-by date. * Top 7 Service Sector Stocks That Will Pay You to Own Them The Second Fracking Boom and Oil PricesI've written many times this decade about how the 2010s are a reversal of the 1970s, when OPEC took command of the market, backed by U.S. arms.This time it's U.S. technology, specifically fracking, pioneered by an oilman I interviewed back in 1980, the late George Mitchell, which is taking over. Fracking first produced a natural gas glut in the Appalachians. Now it's producing an oil glut in West Texas, where conventional wells that just sucked oil from the ground had been depleting for decades.You can find the story on the Energy Information Agency Web site. New wells are producing more fracked oil and gas every year, and there are more of them, while "legacy" production continues to fall. U.S. oil production has more than doubled in this decade and continued to rise even after prices busted in 2014.The price bust destroyed small producers like Sanchez Energy (NYSE:SN), which grew on debt when times were flush but now faces de-listing. Oil majors that husbanded capital during the boom, and through the early years of the bust, like Chevron (NYSE:CVX), picked up some bargains. Today's Permian producers can make money at $26 per barrel, half what the product is going for.The only limit seems to be pipeline infrastructure. Kinder Morgan (NYSE:KMI) is getting pipelines out as fast as it can but in the near term supply is constrained. Natural gas is being flared, or being burned off at the wellhead, at a rate not seen since the height of the boom. Alternative Energy and Oil PricesThe latest oil boom comes 40 years after the Iranian revolution and the second oil shock.But there's growing competition for oil and gas from renewable energy.Solar energy can now be produced at 13-17 cents per kilowatt hour, without federal subsidies. Wind power is even cheaper. Spot prices for electricity in Texas can now turn negative when the weather is right.Storage has been the limit for renewables, but breakthroughs in storage technology such as fuel cells are being announced every day.The cheapest renewable energy remains efficiency. Thanks to higher mileage cars, LED light bulbs, better appliances, and intelligence in devices using energy, U.S. electricity demand is only now breaking through its 2007 peak .The thumb holding prices down gets bigger every year. The Sun shines, the wind blows, and we live on a molten rock. There is no energy shortage. The Bottom Line on Oil PricesSince the start of 2019 shares in Exxon Mobil are up 18%, and those of Chevron are up 14%. Given the recent good news from the oil patch these shares can continue to rise through the summer.But the end of the boom is already in sight. Venezuela will come back online. The Saudis' ability to limit production is limited. Iran wants back into the market. U.S. reserves have doubled, thanks to fracking. New oil discoveries are being made around the world, even in areas where demand is rising, like India.More important is that renewables, especially efficiency, are going to keep working their magic. The only thing keeping oil and gas competitive today is 100 years of infrastructure. That can be replaced in the next 10.That's why the gains in these stocks are as small as they are. Oil is a commodity for which demand is slowly falling, for which supply is starting to look unlimited.That's not a good long-term outlook for prices.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 email@example.com 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 * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Oil Prices Are Running up for the Last Big Oil Boom appeared first on InvestorPlace.
The New York Stock Exchange has started the process to delist Houston-based Sanchez Energy Corp. (NYSE: SN), according to a Feb. 20 filing with the U.S. Securities and Exchange Commission. Previously, Sanchez Energy had received two delisting warnings for two separate reasons. The company received a notice on Dec. 18 that it did not meet the NYSE continued listing standard requiring a 30-day average closing price of at least $1 per share. Next, the company received a notice Jan. 3 because it no longer met the NYSE’s average market capitalization requirement.
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
Sanchez Energy (SN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Per stock exchange rules, Sanchez (SN) has 45 days to draft and submit a plan that could boost its market capitalization above $50 million within a time frame of 18 months.
NEW YORK, Jan. 10, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Houston-based Sanchez Energy Corp. (NYSE: SN) is out of compliance with another New York Stock Exchange continued listing standard. Sanchez announced Jan. 8 it received a notice from the NYSE that it no longer meets the requirement of an average market capitalization of at least $50 million over a period of 30 consecutive trading days, unless at the same time the company’s total stockholders’ equity is equal to or greater than $50 million. The company has 45 days to submit a plan informing the NYSE how it plans to regain compliance within 18 months. Sanchez Energy is evaluating its available options and developing a plan to submit to the NYSE. This is the second such notification Sanchez Energy has received in as many months.
Sanchez Energy Corporation (SN) today announced that it has received notice from the New York Stock Exchange (the “NYSE”) that the company does not presently meet the additional NYSE continued listing standard which requires that a company maintain an average market capitalization of at least $50 million over a period of 30 consecutive trading days, unless at the same time the company’s total stockholders’ equity is equal to or greater than $50 million.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...
The delisting warning came just a couple weeks after the company said it is exploring strategic alternatives to “strengthen its balance sheet and maximize the value of the company.”
Sanchez Energy Corporation (SN) today announced that it has received notice from the New York Stock Exchange (the “NYSE”) that the company does not presently meet the NYSE continued listing standard which requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. In accordance with applicable NYSE procedures, the company plans to timely notify the NYSE that it intends to pursue actions to meet the minimum average share price requirement. The NYSE provides for a period of six months following receipt of the notice to meet the standard and regain compliance for continued listing on the NYSE.
Say what you want about gold, the almighty U.S. dollar, or bitcoin, for nearly 50 years the world’s default currency has been oil. Business activity would rise or fall based on the price of oil and less so on interest rates like today. Critics called the 1991 Gulf War and 2003 Iraq War “wars for oil,” but they did, in the end, bring price stability, which encouraged prosperity. Oil has suddenly become bitcoin.
Houston's largest public companies added 24 independent female directors to boards in 2018, up from seven female directors a year ago.
"Throughout this year, the company has been focused on taking critical steps to stabilize its production profile and reduce the capital intensity of the business."
Sanchez Energy Corporation (SN) today announced that it has engaged Moelis & Company LLC as financial advisor to explore strategic alternatives to strengthen its balance sheet and maximize the value of the company. “Throughout this year, the company has been focused on taking critical steps to stabilize its production profile and reduce the capital intensity of the business. The responsive actions taken by our team are beginning to result in increased operating margins and cash flow as we head into 2019,” said Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy.
On November 16–23, upstream stock Sanchez Energy (SN) fell the most on our list of energy stocks. In fact, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 6.5%—the most among the major energy subsector ETFs that we discussed in Part 2. Sanchez Energy is an oil-weighted stock. Sanchez Energy operates with production mixes of at least 60.0% in liquids based on the latest quarterly production data. Liquids include crude oil, condensates, and natural gas liquids. ...
HOUSTON, Nov. 19, 2018 -- Sanchez Energy Corporation (NYSE: SN) today announced that the Board of Directors has declared a quarterly dividend of $0.609375 per share on its.
If you want to know who really controls Sanchez Energy Corporation (NYSE:SN), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company grows, Read More...
Moody's Investors Service ("Moody's") downgraded Sanchez Energy Corporation's (SN) B3 Corporate Family Rating (CFR) to Caa1, its B3-PD Probability of Default Rating (PDR) to Caa1-PD, its Caa1 ...