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An Oil Services Pair Trade From Piper Jaffray
Tuesday, April 3, 2018 - 3:19pm | 469Read More...A bullish case can now be made for Baker Hughes A GE Co (NYSE: BHGE), while the bullish case for Weatherford International plc (NYSE: WFT) no longer applies, according to PiperJaffray. The Analyst PiperJaffray's Bill Herbert upgraded Baker Hughes' stock from Neutral to...
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Rex Tillerson's Personal Portfolio Includes Stakes In Exxon, Oil Rivals And Apple
Thursday, January 5, 2017 - 8:43am | 435Read More...Rex Tillerson, the former CEO of oil giant Exxon Mobil Corporation (NYSE: XOM) and President-elect Donald Trump's pick for secretary of state, is worth as much as $400 million, according to a Bloomberg report citing a public disclosure filed with the U.S. Office of Government Ethics on Wednesday....
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4 Takeaways From Barclays' Oil Stock Coverage
Wednesday, August 3, 2016 - 7:13am | 585Read More...Oil stocks are more under the spotlight than they have been in months given oil prices trading below $40 a barrel and an overall underwhelming earnings performance. Paul Cheng of Barclays was active this week updating his view and outlook for many names in the oil sector. Chevron Offers A...
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The Future Of Big Oil Isn't Necessarily Oil
Wednesday, July 20, 2016 - 9:51am | 361Read More...Royal Dutch Shell plc (ADR) (NYSE: RDS-A) is an oil company, right? If you ask the company's CEO Ben van Beurden this question the answer is a straight up no. According to a report by Bloomberg, Shell's CEO said the company that he oversees is more of a gas company than oil company. Near Australia'...
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Marathon Oil Cites 'Lower Risk, Higher Return' In Wyoming Asset Sale
Tuesday, April 12, 2016 - 6:36am | 232Read More...Marathon Oil Corporation (NYSE: MRO) announced after Monday's market close it has signed agreements for the sale of some of its non-core assets. Marathon Oil said it will divest all of its Wyoming upstream and midstream assets for $870 million. The upstream properties averaged 16,500...
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Marathon Oil Loses 5%, Company Announces Offering Of 135 Million Shares
Tuesday, March 1, 2016 - 8:21am | 118Read More...Shares of Marathon Oil Corporation (NYSE: MRO) were trading lower by more than 5 percent early Tuesday morning after the company announced a public offering of 145 million shares of its stock. Marathon Oil said after Monday's market close that it will offer 145 million shares of its common stock at...
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Occidental Petroleum CEO Says Crude Downturn Has 3-Year Lifespan, Industry Is Halfway Through Current Cycle
Tuesday, February 23, 2016 - 10:37am | 238Read More...According to Reuters, Occidental Petroleum Corporation (NYSE: OXY)'s CEO issued some cautious commentary over the crude oil sector. Stephen Chazen, Occident's CEO spoke at an industry conference on Monday. The executive's comments focused on companies that that borrowed heavily when...
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Cabot Oil & Gas Reports 38 Million Share Offering, Stock Loses 5%
Tuesday, February 23, 2016 - 7:52am | 135Read More...Shares of Cabot Oil & Gas Corporation (NYSE: COG) were trading lower by more than 5 percent early Tuesday morning after the company announced a public offering of its common stock. Cabot Oil & Gas reported after Monday's market close that it has priced an upsized public offering of 44...
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Report: Halliburton Plans On Selling Baker Hughes' Offshore Fluids Unit
Tuesday, February 9, 2016 - 2:18pm | 159Read More...According to Bloomberg, Halliburton Company (NYSE: HAL) plans on selling Baker Hughes Incorporated (NYSE: BHI)'s offshore drilling and completions fluids division and the bulk of its completion systems to appease antitrust regulators who have yet to sign off on the $35 billion mega merger....
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ConocoPhillips Tumbles Following Poor Q4 Print
Thursday, February 4, 2016 - 8:49am | 338Read More...Shares of ConocoPhillips (NYSE: COP) were trading lower by more than 5 percent early Thursday morning after the company reported its fourth-quarter results. ConocoPhillips said that it lost $0.90 per share in the fourth quarter on revenue of $6.77 billion. Wall Street analysts were expecting the...
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Oilfield Supply Owner: 'If Anybody Says They Are Making Money In The Oilfield, They Are Lying'
Wednesday, January 20, 2016 - 2:03pm | 151Read More...Oil prices have solidified their position below $30 per barrel, marking what could prove to be an "endgame" event for many shale producers. According to a report by Reuters, many U.S. independent oil producers need oil to trade at $40 to $60 a barrel to break event. The report added...
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WPX Energy Crashed 25%
Wednesday, January 20, 2016 - 12:05pm | 258Read More...Shares of WPX Energy Inc (NYSE: WPX), a natural gas and oil exploration and production company, hit a new 52-week low of $2.53 after the company disclosed it has added more hedges to protect its cash flows. Shares of WPX Energy were halted for trading three times and were trading lower by more...
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Analyst: Watch The Cash Transfer From Big Oil To Big Airlines
Friday, March 20, 2015 - 10:19am | 488Read More...In a report published Friday, Wolfe Research analyst Hunter Keay suggested that after nearly a decade of airlines funding the oil industry, it appears the reverse could happen in 2015. Keya noted that U.S. airlines under his coverage are expected to return $9.9 billion to shareholders through...
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Oil Tumbles Following OPEC's Thursday Decision, Equities Little Changed During Friday's Shortened Session
Friday, November 28, 2014 - 2:09pm | 699Read More...While equities market were closed on Thursday in observance of Thanksgiving, OPEC nations gathered and jointly decided to maintain current output levels despite the slide in oil prices. Virtually every oil-related company, as well as many large solar companies, saw declines in share price on...
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Legal Double Standard: Oil Companies Get Indicted for Bird Deaths While WInd Companies Get a Pass
Thursday, September 29, 2011 - 7:22pm | 530Read More...Eagle killed by wind turbine, one of 1,200 daily wind-related bird fatalities: The graphic video above shows a magnificent eagle getting killed by a wind turbine. According to a 2009 estimate from the U.S. Fish and Wildlife Service (reported on the American Bird Conservancy website here), those...
