Someone mentioned to me that there were more than a dozen conference calls Thursday in the energy sector, including calls by EOG, Marathon, and Noble Energy.» Read More
OPEC's biggest members are counting down until their U.S. shale rivals lose the one thing shielding them from crashing oil prices - hedges.
NEW YORK, Jan 5- As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices- hedges. OPEC officials hope that once U.S. oil companies get fully exposed to the impact of an over 50 percent slide in crude...
The retrenchment at Civeo Corp, which provides temporary housing for oilfield workers and miners, is the most-severe symptom of pain inflicted on the oil service industry by the slide in crude prices, and may presage similar steps by peers. Analysts and investors say Civeo's problem is that it has spread itself geographically too thin, with not enough cash to...
"Mad Money" host Jim Cramer clues you in to where you need to be looking come Friday’s report.
A strong pipeline is what "Mad Money" host Jim Cramer thinks separates these stocks from the rest.
Jim Cramer shows investors ways to play the oil patch, and speculates when the hideous decline in oil will come to an end.
Long-term themes are driving growth in these companies for years to come, says "Mad Money" host Jim Cramer.
BOSTON, Nov 6- Welcome back "Big Oil." The strong balance sheets and diversified global operations of majors like Exxon Mobil Corp, Chevron Corp and BP plc, have sheltered index funds and some active portfolio managers from the worst of a volatile ride on energy markets, where oil prices have plunged 21 percent since early August. The $33 billion Ivy Asset Strategy...
Three energy stocks are poised to perform well despite falling oil prices, four-star fund manager John Dowd of Fidelity says.
Some of Wednesday's midday movers:
The Dow has not had a loss in a pre-election year since 1939, a statistic that suggests stocks could be up again in 2015.
Nov 4- EOG Resources Inc posted a better-than-expected quarterly profit on Tuesday thanks to jumping oil production in the Eagle Ford and Bakken shale formations. The company posted net income of $1.10 billion, or $2.01 per share in the third quarter, compared with $462.5 million, or 85 cents per share, in the year-ago period. Crude oil and condensate volumes rose...
EOG Resources is reporting Q3 EPS of $1.31 adjusted on revenue of $5.1 billion, reports CNBC's Dominic Chu.
NEW TOWN, N.D., Nov. 3- A change in leadership at an American Indian reservation in North Dakota wouldn't normally get a whole lot of attention. That's because the reservation's Three Affiliated Tribes of Mandan, Hidatsa and Arikara Nation control roughly a third of North Dakota's oil output. The reformers, Damon Williams, the tribal attorney, and Mark Fox, the tax...
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
Discovery Capital has been battered by volatility, according to a report that disclosed losses of more than 20 percent in one of its main funds.
Producers for American Crude Oil Exports, or PACE, is the first lobbying group to form to reverse the trade restriction passed by Congress in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. As the U.S. oil boom of the last six years builds an excess of crude, calls have risen for Congress and the Obama administration to relax the ban.
Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...
As the market dropped on Wednesday, Jim Cramer thinks this could be an entry point opportunity to buy stocks for those who missed the market bottom.