As oil prices hold at lows, gas station stocks such as CST Brands and Murphy USA may be the best way to play the energy sector, analysts said.» Read More
M&A is alive and well in the energy sector. Here's the buzz about which companies might be next, says NYSE floor trader Kenny Polcari.
NEW YORK, Nov 14- Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. The Baker Hughes/ Halliburton talks have stalled after the companies weren't able to agree on issues including...
The "Fast Money" traders share their final trades of the day.
MADRID, Nov 6- Acquisitive Spanish oil firm Repsol expects the fall in oil prices to flush out a deal within the next two to three months as potential sellers lower their price, the company said on Thursday. The cash-rich group has $10 billion to spend to fill the gap left by the nationalisation of its Argentine business two years ago, cut its heavy exposure to...
MADRID, Nov 6- Spanish oil firm Repsol posted a 41 percent rise in underlying third-quarter net profits on Thursday, boosted by a sharp improvement in refining margins, lower financial costs and a recovery in production in Libya. While the move would cut the group's heavy exposure to conflict-ridden regions such as Libya and Venezuela, which dented profits in...
Some of the names on the move ahead of the open.
This should bolster the case for lifting the ban by oil producers such as Pioneer Natural Resources, Anadarko Petroleum and Marathon Oil, which want an expanded market for their crude. Republican Senator Lisa Murkowski from Alaska, who in January started a campaign to relax the oil export ban, said the report proves that a change in policy would be advantageous...
WASHINGTON, Oct 30- U.S. gasoline prices are mainly set by global oil prices, a government report said on Thursday, a conclusion that should ease concerns among some lawmakers that lifting a crude oil export ban would mean pain at the pump for American motorists. That should bolster the case for lifting the ban among oil producers such as Pioneer Natural Resources,...
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...
Wall Street remains bullish on stocks, but not everyone is as sanguine.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
SINGAPORE/ TOKYO, Sept 5- Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light crude's suitability for use in Asia, sources said, making some potential buyers wary about taking the oil.
Lee Tillman, Marathon Oil CEO, discusses how chaos in the Middle East is impacting the oil industry. Tillman says the U.S. must work around the crude export ban.
WASHINGTON, Aug 26- Producers, pipeline and storage operators, and oilfield service companies will get a credit ratings boost if the United States lifts its ban on most crude oil exports, the ratings agency Standard& Poor's said on Tuesday.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.
BENGHAZI, Libya, Aug 20- Libya has restarted oil exports from its biggest port for the first time since the end of a year-long blockade, a boost to the central government which is struggling with a wave of clashes in the capital. A tanker has docked at Es Sider and begun loading 600,000 barrels of oil, said Mohamed El Harari, spokesman for state-run National Oil Corp.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered unstimulated," said David Martinez, Encana's senior manager for Haynesville development.
Kinder's $44 billion deal isn't part of a trend, but the basic story behind infrastructure as a play on energy is very much intact.