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This morning’s weekly petroleum status report from the US Energy Information Administration noted a particularly steep — and unexpected — drawdown in oil stocks. Crude inventory fell by 10.6...
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Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, primarily as a...
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Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and production...
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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Alcoa Inc. (NYSE: AA) Started as Buy at Stifel Nicolaus. Baker...
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These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Baker Hughes Inc. (NYSE: BHI) Cut to Market Perform at BMO....
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Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico last year. The US...
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The boom in US natural gas drilling resulting from the technological advances of horizontal drilling and hydraulic fracturing is beginning to spread to the rest of the world. In some countries, like...
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There are five companies that dominate the oil field services industry, and all have a market cap above $10 billion. The five are Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), National...
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None of China’s three largest oil companies is having a particularly good year as far as refining profits go. China Petroleum & Chemical Corp. (NYSE: SNP) — known as Sinopec — reported a...
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The boom in natural gas production resulting from horizontal drilling and hydraulic fracturing (fracking) has come at a price. There is plenty of anecdotal evidence that the chemical stew of fluids...
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As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas, about which...
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As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions, including Weatherford...
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Brazil’s Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, has approved a plan it announced last September to spend $224.7 billion developing an estimated 5 billion barrels of...
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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning. Baker Hughes Inc. (NYSE: BHI) Reiterated Hold at Argus. Biogen Idec...
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Late Wednesday night, natural gas prices inexplicably dropped by about 8% on the NYMEX, well after the exchange had closed for the day. It took only a few seconds for the price to bounce back up, but...
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