DENVER _ Whiting Petroleum Corp. on Tuesday reported a loss of $173.3 million in its fourth quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Ten analysts surveyed by Zacks expected $353 million.
The cartel gave a new lease on life to the U.S. shale firms by raising oil prices and opening the door for them to take back market share.
The oil market is up against this vicious cycle and breaking out will be hard, says trader Anthony Grisanti.
Saudi officials say a $50 to $60 price is the preferred range for oil in order for OPEC to provide adequate global supply.
"Fast Money Halftime Report" brothers Jon and Pete Najarian discuss unusual options activity in Comerica and Whiting Petroleum Corp.
Oil is headed back to the $30s, says trader Anthony Grisanti. Here's why he thinks the recent rally won't hold.
Among their favorites is Tesla, which has a $200 plus market price, according to a TD Ameritrade study.
The "FMHR" traders Josh Brown, Jim Lebenthal, Jon Najarian and LOOP Capital President Kourtney Gibson, reveal their final trades, including Whiting Petroleum, Intel and more.
Though some predict oil will rise to $60 this year, consultant Andy Lipow says the market is acting more like the movie "Groundhog Day."
Colorado is closer to having referendums on fracking reach the ballot after proponents met the deadline for filing signatures.
Energy firms are spending big money to defeat two proposed ballot measures in Colorado, and proponents face a key Monday deadline
Oil companies can take four key steps to ride out $40 crude prices.
That gap in price forecasts is important. If an investor believes oil prices will peak next year, the case for buying into energy stocks becomes more urgent.
If OPEC decides to keep pumping oil, there may be a slight pullback in prices, but that will probably be temporary, Neal Dingmann says.
Discussing what could happen at the upcoming OPEC meeting and how to play it with Loren C. Scott, Loren C. Scott & Associates, and Neal Dingmann, SunTrust Robinson Humphrey.
While the oil markets remain volatile, there are a handful of stocks in the sector that are the best bets right now, says Andy Lipow.
Jim Cramer usually throws the red flag at stocks with high yield, but he thinks this one could be the real deal.
Jim Cramer gives his take on various caller favorite stocks, including this company that has figured out the formula to success.
Jim Cramer thinks the big credit crunch in the oil patch could finally be over, and is ready to take action.
Some North Dakota oil drillers are turning to acreage beyond the Bakken formation where their cost per barrel is lower.