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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.
Anyone researching Newpark Resources Inc (NYSE:NR) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there Read More...
U.S. shale production has beaten the estimates of even the most bullish analysts, but as oil prices fall they continue to struggle with producing a profit
Every investor in TETRA Technologies Inc (NYSE:TTI) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see Read More...
The Zacks Analyst Blog Highlights: Royal Dutch, Par Pacific, Precision Drilling, Petrobras and Ecopetrol
Schlumberger Ltd. expects sales in the U.S. and Canada to drop 15 percent in the final three months of the year compared with the third quarter, the company said Tuesday. A trio of factors including a plunge in crude prices, exhausted exploration budgets and maxed-out pipelines in America’s busiest field is prompting oil companies to let go of frack crews. “We are seeing a significantly larger drop in activity than we expected, which is leading to a larger drop in pricing than we anticipated,” Patrick Schorn, executive vice president at the Houston- and Paris-based company, said in prepared remarks for an investor presentation.
Royal Dutch Shell (RDS.A) became the first oil company to link executive pay with carbon emissions, while Par Pacific Holdings (PARR) entered into an acquisition to bolster its downstream operations.
Last week, the oil rig count fell by one to 887—the second-highest level since March 6, 2015. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and December 3, 2018, US crude oil active futures rose 102%.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, Patterson-UTI Energy Inc (NASDAQ:PTEN) has paid a Read More...
Differentiating technology, strong financials and high demand for Helmerich's (HP) FlexRigs make the stock an attractive pick at the moment.
The Zacks Analyst Blog Highlights: Ranger Energy, Enterprise Products, Phillips 66, Cimarex and Helmerich
Completions of new US shale wells have fallen more sharply than expected in the fourth quarter, and the slowdown in activity is likely to stretch into next year, the oilfield services group Schlumberger has said. Patrick Schorn, an executive vice-president of Schlumberger, told a conference in New York that activity had stopped rising in the third quarter of the year and was falling in the fourth quarter, and predicted that would “show up in the production numbers for the first half of 2019”.
The difference between three- and five-year Treasury yields dropped below zero, in what could be the first signal that the market is putting the Federal Reserve on notice that the end of its tightening cycle is approaching. “The very positive reaction from stock means that for the time being, investors have put behind them the concern that the tariff war might escalate,” said Donald Selkin, chief market strategist at Newbridge Securities. The truce between President Donald Trump and President Xi Jinping at the Group of 20 summit in Argentina has gone some way in calming investor fears over the state of global growth after a tumultuous period for risk assets.
In 2003 Richard Hubbell was appointed CEO of RPC Inc (NYSE:RES). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Read More...