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Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
National Oilwell Varco, Inc.
Clean Harbors, Inc.
Helmerich & Payne, Inc.
U.S. Silica Holdings, Inc.
Newpark Resources, Inc.
Precision Drilling Corporation
Flotek Industries, Inc.
TETRA Technologies, Inc.
Superior Energy Services, Inc.
Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Director of Investor Relations, plan to participate in the following investor conferences during the month of June 2020:
The price of oil seems to be trending upward; maybe this is a buying opportunity. Four stocks in particular to avoid in June are Halliburton (NYSE: HAL), United States Oil Fund (NYSEMKT: USO), Occidental Petroleum (NYSE: OXY), and Patterson-UTI Energy (NASDAQ: PTEN). Here's why these Motley Fool contributors say you shouldn't be tricked into picking up shares of these likely underperformers.
Helmerich & Payne (HP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Clean Harbors (CLH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In this article you are going to find out whether hedge funds think Schlumberger Limited. (NYSE:SLB) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
Clean Harbors, Inc. ("Clean Harbors") (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, EVP Safety-Kleen Oil Craig Linington and SVP Investor Relations Jim Buckley will be participating in a fireside chat at Stifel’s 2020 Virtual Cross Sector Insight Conference.
Schlumberger Limited ("Schlumberger") today announced that Schlumberger Oilfield UK Plc, an indirect wholly-owned subsidiary of Schlumberger ("SLB UK"), will redeem the entire outstanding principal amount of its 4.200% Senior Notes due 2021 (CUSIP Nos. 80685QAA4/G7861RAA4; ISIN Nos. US80685QAA40/USG7861RAA44; and Common Codes 56301097/56301046) (the "Notes"). The redemption date for the Notes is June 29, 2020 (the "Redemption Date"). The Notes are currently listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market.
Halliburton (HAL) closed the most recent trading day at $12.11, moving -0.66% from the previous trading session.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Halliburton...
Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today announced that the Company's Board of Directors has adopted a limited duration stockholder rights agreement ("Rights Plan"), which expires on May 1, 2021.
(Bloomberg) -- Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, U.S. shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company.Precision Drilling Corp. Chief Executive Officer Kevin Neveu said activity in U.S. shale basins is in for a “prolonged downturn,” with drilling not rebounding until late in the second quarter of 2021 at the earliest, or the end of next year at the latest. That projection assumes governments respond to secondary Covid-19 outbreaks with less drastic measures than they used in recent months.And if history is any guide, the eventual recovery will be abrupt as drillers respond to a shortage of supply and rising prices, he said.“By the time our customers get a signal that they need more oil, it’s almost too late,” Neveu said in an interview. “We’ll have to ramp up very quickly and very abruptly. I wouldn’t expect anything different this time.”Precision Drilling, based in Calgary, has 236 rigs worldwide, with about 110 in Canada, 110 in the U.S. and the balance in other international locations. Currently, only 10 of the company’s Canadian rigs and 26 of its U.S. rigs are operating.During the last oil-price crash that started in 2014, the U.S. rig count tumbled for almost two years, bottoming out at 316 in May 2016. As prices rebounded, the tally more than doubled within a year and continued climbing to 887 in November 2018.Since that peak, drilling activity waned as investors pushed producers to focus on profitability over output gains, then fell off a cliff starting in February as the twin shocks of the Covid-19 pandemic and the Saudi-Russian price skirmish sent oil prices to record lows. Last week, the number of oil rigs at work in the U.S. slipped to the lowest since 2009.U.S. shale fields will lead the drilling recovery because they can bring production back quickly, with oil flowing in about three months from the time a rig is deployed, Neveu said.‘On the Chin’“They’re taking it on the chin right now, and certainly production is slowing down and activity is slowing down, but it’s so quick and so easy to get that production flowing again that I think it will be one of the first places the E&P companies go,” he said.The next rebound in output also could be sharper than previous ones because digitization and automation on rigs allows crews to get the machines back to maximum efficiency in one to two months, about half the time it took before, Neveu said.Depending on how severe the supply shortage gets, the U.S. could see activity bounce back to levels it hasn’t seen since last year, he said.“Getting back to 800 rigs in the U.S. is plausible,” Neveu said. “If oil prices were in the $60 to $70 range, it could back to where it was pre Covid-19 and pre-Russia-Saudi price war.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
National Oilwell Varco (NOV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Halliburton (HAL) told investors it is cutting its dividend by 75%, while National Oilwell Varco (NOV) board suspended the quarterly payout indefinitely to retain cash in the business.
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion. Despite that performance, Chief Executive Clay Williams pocketed $3.3 million in stock in late February, solely because his company's total shareholder return over the three years ending in 2019 was not as bad as most of his beleaguered peers. U.S. energy executives have retained such lavish payouts even as they have struggled for years to deliver shareholder returns - despite massive growth in domestic shale oil production.
Halliburton Company (NYSE: HAL) will host a conference call on Monday, July 20, 2020, to discuss its second quarter 2020 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
CALGARY, Alberta, May 26, 2020 -- Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) has been named the 2020 Energy Excellence Awards “Innovation.
CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) and the Partnership's wholly owned subsidiary, CSI Compressco Finance Inc. ("Finance Corp" and, together with the Partnership, the "Issuers") today announced that they have extended the Expiration Time for their previously announced offer to exchange (the "Exchange Offer") any and all of their outstanding 7.250% Senior Unsecured Notes due 2022 (CUSIP No. 20467BAB5) (the "Unsecured Notes") for newly issued 7.500% Senior Secured First Lien Notes due 2025 (the "New First Lien Notes") and 7.250% Senior Secured Second Lien Notes due 2027 (the "New Second Lien Notes" and, together with the New First Lien Notes, the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020, as amended by Supplement No. 1, dated May 1, 2020, Supplement No. 2, dated May 15, 2020, Supplement No. 3, dated May 18, 2020, Supplement No. 4, dated May 20, 2020, Supplement No. 5, dated May 21, 2020, Supplement No. 6, dated May 22, 2020, and Supplement No. 7, dated May 26, 2020 (the "Offering Memorandum").