Looking at the state of the economy, Jim Cramer is surprised that oil has not caused a collapse, yet. Could the worst be yet to come for black gold?» Read More
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. IntraLinks Holdings Inc. fell 17.9 percent to $10.05. Clayton Williams Energy Inc. fell 17.8 percent to $52.79.
DENVER _ Whiting Petroleum Corp. on Wednesday reported a loss of $353.7 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Analysts expected $733.3 million, according to Zacks.
Eric Otto, director of oil exploration and production at CLSA, told CNBC who is solid or vulnerable after his $30-a-barrel oil stress test.
Oil may have room to fall, and traders on CNBC's "Fast Money" see opportunity to scoop up energy when it reverses course.
HOUSTON, Dec 22- Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check. With oil prices down more than 40 percent since June, some companies, including ConocoPhillips, have slashed spending by 20 percent.
Oil at $50 a barrel is not going to scare some producers, and investors should focus on companies with core acreage in good basins, said Mike Kelly.
Best-known is Continental Resources, which lifted its hedges in early November, when oil was trading at around $83 a barrel, leaving it unprotected as prices slipped another $20, the most dramatic drop since the 2008 crisis. Apache Corp and Whiting Petroleum are also exposed to lower prices and have underperformed some peers over the past two weeks.
*Oil price slump could herald return of mega-mergers. LONDON, Dec 10- Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid. "Anyone who doesn't think consolidation is going to happen must...
BISMARCK, N.D., Dec 9- North Dakota has approved strict new standards for oil, requiring every barrel of crude be filtered for dangerous types of natural gas in order to make crude-by-rail transport safer. The new requirements come as federal, state and local officials grapple with how best to ensure the safe transport of North Dakota's crude oil, which has been...
BISMARCK, N.D., Dec 9- North Dakota is poised to impose the strictest oil standards in its history on Tuesday, requiring every barrel of crude to be filtered for dangerous types of natural gas in an effort to make crude-by-rail transport safer. Because most of the oil extracted in the United States via hydraulic fracturing, commonly known as "fracking," is...
There are "haves" and "have nots" in the U.S. oil space, analyst Eric Otto told CNBC. Here are his plays.
Small and mid-cap shale oil companies face a decision in the face of low oil prices: Slow production growth or increase their debt loads.s.
NEW YORK, Oct 28- Investors stung by plunging oil prices and energy stocks may find relief right around the corner: A Republican-led U.S. Senate could well jump-start energy-friendly policies that would shore up the beaten-down sector. Now, those with a stake in the sector hope a Republican Senate takeover will lead to reform of export laws, speed up approval of...
Oct 8- Windy Cove Energy LLC said it received a $700 million equity investment from Blackstone Group LP, funds the company will use to buy mature oilfields that it will flood with carbon dioxide to free trapped oil and gas. U.S. companies such as Denbury Resources Inc, Whiting Petroleum Corp and privately held Roosevelt Resources LP inject carbon dioxide into...
BISMARCK, North Dakota, Sept 23- Hess Corp and other major North Dakota oil producers told the state's top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe, and tighter standards could do more harm than good.
Art Cashin of UBS explains issues for stocks: Higher bond yields, falling commodity prices and next week's Fed meeting.
Energy stocks are down as Brent Crude oil falls to a 17-month low amid lower demand and plentiful supply.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.
The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.