|Bid||0.00 x 1800|
|Ask||81.76 x 800|
|Day's Range||81.73 - 83.08|
|52 Week Range||64.65 - 87.36|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||16.75|
|Forward Dividend & Yield||3.28 (4.06%)|
|1y Target Est||N/A|
Oil prices may have consumers feeling pain at the pump this summer. Sean O'Hara, Pacer ETFs President, discusses with Yahoo Finance's Seana Smith on "The Ticker."
Cornerstone Macro's Carter Worth says investors should not trust the energy surge. With CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Dan Nathan and Guy Adami.
Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year's first quarter, though their stocks have outperformed smaller companies with both in the midst of aggressive expansion plans in shale oil. A combination of lower oil prices, weakness in liquefied natural gas (LNG) portfolios and lacklustre refinery margins could hurt integrated oil companies across the board, analysts said ahead of results announcements on Friday. "We're not looking for a great first quarter for the group," said Blake Fernandez, senior research analyst with Piper Jaffray & Co's Simmons Energy.
The OPEC member will raise output to almost 6 million barrels a day by 2030, overtaking Canada as the world’s fourth-largest producer, as it continues to rehabilitate an oil industry ravaged by decades of conflict and sanctions, the IEA said Thursday. The outlook was downgraded from the agency’s last assessment seven years ago, when it projected Iraq would pump 7.5 million barrels a day by 2030. “Iraq’s potential is huge but the road to increased production is not without obstacles,” said the Paris-based organization, which advises most of the world’s major economies on energy policy.
When weighing which oil stocks to buy, consider which ones are the leaders in U.S. shale or are already big players making moves in top plays like the Permian.
Fear of missing out on oil assets in the Permian Basin is overblown, says Janus Henderson analyst Noah Barrett.
A stock’s popularity may be a contrarian indicator. The more crowded a trade, the more likely a stock could tumble as a herd of portfolio managers sell their positions.
Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since development started more than six years ago. “With yields that Argentine bonds have today it’s very difficult to justify any project, even if the quality of the resource is very good,” Lopetegui, a former airline chief executive officer who took over the energy portfolio in January, said in a Bloomberg Television interview in Buenos Aires.
Will Shell’s Q1 Earnings Meet Wall Street Estimates?(Continued from Prior Part)Shell stock returnsIn the past month, since March 22, 2019, Royal Dutch Shell (RDS.A) stock has risen. Let’s compare Shell’s returns to the SPDR S&P 500 ETF
Does the April share price for Exxon Mobil Corporation (NYSE:XOM) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the foreast future cash flows of the company and discounting them back...
"Looking for Easy Games in Bonds," published last week by Michael Mauboussin of Blue Mountain Capital Management, posits that taxable bond-fund managers are fortunate. Whereas the Paradox of Skill has eroded equity-fund managers' opportunities, by raising the level of competition so that few active investors can succeed, the bond market has been kinder. Mauboussin supports his claim both directly and indirectly.
Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters. Shell, the field's operator, announced plans last year to expand a gas hub around Shearwater, including the construction of a new pipeline. Shell has a 28 percent stake in Shearwater, BP holds 27.5 percent and Exxon Mobil has the remaining 44.5 percent.
ExxonMobil will invest more than £800m to expand the UK’s biggest oil refinery in a move the US oil major claims will help reduce Britain’s need to import diesel. Expansion of the Fawley refinery on Britain’s south coast will increase production of ultra-low sulphur diesel by nearly 45 per cent, or 38,000 barrels a day, Exxon said on Wednesday.
The world's biggest liquefied natural gas (LNG) producers including Shell, Total and Petronas are increasingly selling from global supply pools instead of dedicated projects as buyers leverage a fuel surplus to force ever more flexible deals. This marks an accelerated turning from traditional long-term contracts that lock customers into taking regular volumes from specific projects under oil-linked pricing formulas. "A more dynamic and liquid LNG market, and the need for greater flexibility by traditional LNG buyers, is providing opportunities for shipping optimisation and trading, and enabling new entrants such as LNG traders," said Saul Kavonic, head of energy research for Australia at Credit Suisse.
Will Shell’s Q1 Earnings Meet Wall Street Estimates?(Continued from Prior Part)Shell’s earnings trends by segmentLet’s analyze Royal Dutch Shell’s (RDS.A) earnings performance by segment in the fourth quarter and then move on to Shell’s
Wall Street closed mixed on Monday as the positive impact of a surge in oil prices was partially negated by news that China may end economic stimulus and opt for structural reforms.
As of last Thursday, Kinder Morgan (NYSE:KMI) shares looked to be in real trouble. Already fading from a big January-February rally, KMI stock plunged below its pivotal 50-day moving average line in response to a lackluster full-year outlook.Things have changed dramatically so far this week, with Kinder Morgan stock bouncing back in a pretty convincing way.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAgainst a backdrop of still-impressive fiscal progress even with the dialed-back 2019 outlook, last week's sizable plunge followed by Monday's rebound may actually hint of a major renewal of an uptrend that at least one analyst expects to take shape from here. Kinder Morgan EarningsKinder Morgan's first quarter of 2019 was solid enough. Revenue of $1.37 billion produced 60 cents per share worth of distributable cash flow, up 7% year-over-year. Both were better than the guidance of $1.35 billion and 59 cents the company had previously offered. * 5 Dividend Stocks Perfect for Retirees Ordinary net income was up 14.6%, growing from $485 million in the first quarter of 2018 to $556 million last quarter.The rest of the year, however, may not be as impressive.In January, Kinder Morgan had forecast full-year core earnings of $7.8 billion. That figure has since been dialed back to $5 billion, or $2.20 per share of KMI stock. Lower interest expenses won't be able to fully offset ramped-up spending plans. That spending may include the development of a third Permian Basin gas pipeline to abate a glut of natural gas waiting to be shipped elsewhere.During the first quarter, completed $200 million worth of expansion projects, and added $600 million worth of infrastructure growth plans to bring the backlog to $6.1 billion. Decisive ReversalThe knee-jerk response to the contracted guidance makes sense. A stock's valuation is a relatively arbitrary matter, impacted as much by headlines as results. Changes to plans can rattle investors, even without them knowing exactly why. Mere whispers of lowered core-earnings guidance was enough to shake the stock off of its perch.Thursday's big KMI stock setback, however, may have actually served as a sort of capitulation, hitting the reset button on a much bigger rally.It's Monday's bullish action that puts the finishing touches on Thursday's partial intraday reversal though. Boosting by rebounding oil prices, Monday's bounce has carried KMI stock back above its 50-day moving average line (purple) as well as the 20-day moving average line (blue). The budding downtrend has been quelled, if it was ever actually taking shape at all.Raymond James analyst Justin Jenkins doesn't think it was.On Thursday, in the midst of the selling, Jenkins maintained an "Outperform" rating on Kinder Morgan stock, and reiterated the firm's target price of $21. Jenkins argues that returns are actually more important to investors than raw growth is right now, suggesting Kinder Morgan is smartly deploying capital.Monday's big gain suggests investors see Jenkins' point. Looking Ahead for KMI StockThere's not been a highly touted difference between Kinder Morgan and other energy names, but it's one worth noting. Some oil and gas outfits are spending heavily on growth, perhaps without a great deal of regard to impact on profit.Exxon Mobil (NYSE:XOM) is arguably at the other end of this spectrum.In March it announced plans to ramp up capital spending by $4 billion this year, and increase it by roughly the same amount, with much of that CapEx aimed at improving its presence in the natural gas market. * 10 S&P 500 Stocks to Weather the Earnings Storm Neither analysts nor investors are convinced the new strategic direction is the wisest use of capital though. Cowen analyst Jason Gabelman noted of the news: "Exxon Mobil's counter-cyclical investment decision may look prescient in future years, but we do not believe the investor community is willing to place that same bet today and are downgrading the stock as a result."The more recently announced offer from Chevron (NYSE:CVX) to acquire Anadarko Petroleum (NYSE:APC) is a similarly questionable use of capital. Though Raymond James analysts don't believe Chevron is overpaying, they also don't believe it was necessary. The use of that cash and stock now may prevent the oil giant from being able to step into a more advantageous opportunity later.Kinder Morgan, meanwhile, is focusing its capital expenditures internally, which at least gives it the option to adjust spending plans as needed.In the meantime, KMI stock just appears to have new life, as investors celebrate its position against a backdrop of still-improving gas and crude oil prices.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Kinder Morgan Stock Capitulates, Renews a Rally Fast Taking Shape appeared first on InvestorPlace.
Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China's Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world's second-largest buyer. Under the sales and purchase agreement, Exxon Mobil will supply 1 million tonnes a year of the super-chilled fuel to the provincial government-backed Zhejiang Energy, Exxon said in a statement late on Monday. Exxon Mobil said last year it would deliver the LNG starting in the early 2020s, while LNG supplies to China would come from its global portfolio.
Exxon Mobil has rebounded with crude oil prices. Earnings are rising and the oil major is making big shale bets. Is the Dow Jones stock a buy now?
The U.S. announced Monday that it won't extend sanction waivers for any countries past May 2 for importing Iran oil. Crude oil prices jumped.