| |
| 24hGold - Publicnow |
| Cimarex Schedules Second Quarter 2016 Earnings Release and Conference Call |
| DENVER, July 5, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that it plans to report second quarter 2016 financial results on Wednesday, August 3, 2016, after market close. The company will host its quarterly conference call at 11:00 AM EDT on Thursday, August 4, 2016.
The call will be webcast and is accessible via the Cimarex website at www.cimarex.com. To join the live, interactive call, please dial 1-866-367-3053 ten minutes before the scheduled start time (internatioTuesday, July 5, 2016 |
|
| 24hGold - Yahoo |
| Understanding EOG Resources’ Production Volumes |
| The Complete Guide to EOG Resources(Continued from Prior Part) EOG Resources’ production in 3Q15
For 3Q15, EOG Resources’ (EOG) total production of 569,600 boe (barrels of oil equivalent) per day is ahead of its own 3Q15 guidance range of 542,000–567,900 boe per day. However, it is lower by ~7% when compared with 614,100 boe per day from 3Q14.
EOG divested most of its Canadian assets in 4Q14. Excluding the effect of this divestiture, EOG’s total production decreased by ~5% when compared to 3Q14Thursday, January 28, 2016 |
|
| 24hGold - Yahoo |
| EOG Resources’ Production Mix and Realized Prices |
| The Complete Guide to EOG Resources(Continued from Prior Part) EOG Resources’ production mix
As seen in the below chart, EOG Resources’ (EOG) 3Q15 production mix was ~49% crude oil, 37% natural gas, and 14% natural gas liquids. This means that EOG is tilted toward liquids production, which is at 63%. Typically, upstream companies with more liquids production have better operating margins.
EOG’s production mix trend
EOG’s quarterly crude oil percentage in its production mix has increased fromTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| NATURAL GAS Natural Gas Gains on Cold Weather Forecasts |
| About the Weekly Natural Gas Storage ReportThe Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events.The report provides an overview of the level of reserves and their movements, thereby helping investors understand the demand/supply dynamics of natural gas. It is an indicator of current gTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| Newfield Exploration’s Relative Valuation: A Peer Comparison |
| Newfield Exploration Had a Bullish 2015 despite Low Energy Prices(Continued from Prior Part) Newfield Exploration’s relative valuation
In the previous part of this series, we compared Newfield Exploration’s (NFX) EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple against its own historical levels. In this part, we’ll look at the company’s valuation against the multiples of its peers.
Forward EV-to-EBITDA
A peer group comparison shows thaTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| Relative Valuation: Noble Energy versus Its Peers |
| What's Keeping Noble Energy on Its Knees?(Continued from Prior Part) Noble Energy’s relative valuation
The average EV/EBITDA ( enterprise value to earnings before interest, tax, depreciation, and amortization) ratio for the upstream industry is ~12.2x. With ~8x, Noble Energy (NBL) has a higher forward EV/EBITDA ratio than offshore player Murphy Oil (MUR), which has a ratio of ~4x. However, when compared with Cimarex Energy (XEC), which has a forward EV/EBITDA ratio of ~11, Noble Energy’s valuaTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| How CONSOL Energy’s Relative Valuation Compares to Peers |
| Must-Know Reasons behind CONSOL Energy's Scary Downtrend(Continued from Prior Part) CONSOL Energy’s relative valuation
The below table shows different fundamental ratios for the S&P 500 (SPY) upstream companies that have a similar production mix and have overlapping geographical areas of operations.
CONSOL Energy (CNX) has a higher forward EV-to-EBITDA ratio of ~7x when compared with Southwestern Energy (SWN), another natural gas producer in the Marcellus Shale, which has a forward EV-to-EBITDMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| How CONSOL Energy’s Relative Valuation Compares to Peers |
| Must-Know Reasons behind CONSOL Energy's Scary Downtrend(Continued from Prior Part) CONSOL Energy’s relative valuation
The below table shows different fundamental ratios for the S&P 500 (SPY) upstream companies that have a similar production mix and have overlapping geographical areas of operations.
CONSOL Energy (CNX) has a higher forward EV-to-EBITDA ratio of ~7x when compared with Southwestern Energy (SWN), another natural gas producer in the Marcellus Shale, which has a forward EV-to-EBITDMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| Key Driver for EOG Resources’ Stock Price Movement |
| The Complete Guide to EOG Resources(Continued from Prior Part) Identifying the key driver
In the final part of this series, we will study EOG Resources’ (EOG) stock price movement with respect to energy prices, the dollar index, and the broader market.
As seen in the above chart, EOG’s stock price was in an uptrend from June 2012–June 2014 when NYMEX WTI crude oil prices were also in an uptrend. NYMEX WTI crude oil started its decline in June 2014, and that’s when even EOG stock topped out. SiMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| Key Driver for EOG Resources’ Stock Price Movement |
| The Complete Guide to EOG Resources(Continued from Prior Part) Identifying the key driver
In the final part of this series, we will study EOG Resources’ (EOG) stock price movement with respect to energy prices, the dollar index, and the broader market.
As seen in the above chart, EOG’s stock price was in an uptrend from June 2012–June 2014 when NYMEX WTI crude oil prices were also in an uptrend. NYMEX WTI crude oil started its decline in June 2014, and that’s when even EOG stock topped out. SiMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| Key Driver for EOG Resources’ Stock Price Movement |
| The Complete Guide to EOG Resources(Continued from Prior Part) Identifying the key driver
In the final part of this series, we will study EOG Resources’ (EOG) stock price movement with respect to energy prices, the dollar index, and the broader market.
As seen in the above chart, EOG’s stock price was in an uptrend from June 2012–June 2014 when NYMEX WTI crude oil prices were also in an uptrend. NYMEX WTI crude oil started its decline in June 2014, and that’s when even EOG stock topped out. SiMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| What Falling Estimates Price Mean for Cimarex Energy (XEC) |
| Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.One such stock that you may want to consider dropping is Cimarex Energy Co. XEC, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions foMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| What Falling Estimates Price Mean for Cimarex Energy (XEC) |
| Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.One such stock that you may want to consider dropping is Cimarex Energy Co. XEC, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions foMonday, January 25, 2016 |
|
| 24hGold - Yahoo |
| CONSOL Energy’s Debt Is on the Rise |
| Must-Know Reasons behind CONSOL Energy's Scary Downtrend(Continued from Prior Part) CONSOL Energy’s debt
As of September 30, 2015, CONSOL Energy’s (CNX) total debt stood at ~$3.7 billion. With ~$83 million in cash and cash equivalents, CNX’s net debt was ~$3.6 billion at the end of 3Q15.
CNX’s net debt to EBITDA
Net debt to EBITDA is a debt ratio that shows how many years it would take for a company to pay back its debt under the current situation. As seen in the above chart, as of 3Q15, CNXWednesday, January 20, 2016 |
|
| 24hGold - Yahoo |
| OIL Rising Crude Oil Imports Put Pressure on US Oil Producers |
| EIA Report: Crude Oil, Gas Inventories Surged Last Week Crude oil inventories
On January 13, 2016, the EIA (U.S. Energy Information Administration) released its Weekly Petroleum Status Report, stating that US crude oil inventories rose by 0.2 MMbbls (million barrels) to 482.6 MMbbls for the week ended January 8.
Analysts were expecting a rise of 2.0 MMbbls for the week. The current inventory levels are 24.4 MMbbls more than during the same period last year.
Crude oil production and imports
TThursday, January 14, 2016 |
|
| 24hGold - Yahoo |
| NATURAL GAS Natural Gas Stockpiles Shrink, Ends 2015 Down 19 |
| Despite the boost, the commodity is still languishing near its lowest level in years, ending 2015 down 19%. With production remaining plentiful and expected to outpace demand for most of 2016, the commodity is likely to stay depressed for a while.About the Weekly Natural Gas Storage ReportThe Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, Monday, January 4, 2016 |
|
| 24hGold - Yahoo |
| NATURAL GAS Why Natural Gas Prices Have Rallied 35 Since December 21 |
| Natural Gas Prices Entered Bull Market in 7 Days Natural gas priceaction
February natural gas futures contracts traded on the NYMEX (New York Mercantile Exchange) rose by 6.3% and settled at $2.37 per MMBtu (British thermal units in millions) on Tuesday, December 29, 2015. The consensus of cold weather estimates has been driving natural gas prices. ETFs like the United States Natural Gas Fund (UNG) followed the price path of US natural gas prices. UNG rose by 2.6% and closed at $8.64 in TuesdayWednesday, December 30, 2015 |
|
| 24hGold - Yahoo |
| NATURAL GAS Why Natural Gas Prices Have Rallied ahead of Expiration |
| Natural Gas Prices Skyrocket 25% in 6 Days Natural gas price movement
January natural gas futures contracts rose by 9.8% and closed at $2.23 per MMBtu (British thermal units in millions) yesterday. The cold weather forecast boosted natural gas prices in yesterday’s trade. Natural gas–tracking ETFs like the United States Natural Gas Fund (UNG) moved in the direction of natural gas prices. This ETF rose by 9.5% and settled at $8.42 in yesterday’s trade.
Weather update
The latest weather forecaTuesday, December 29, 2015 |
|
| 24hGold - Yahoo |
| NATURAL GAS Natural Gas Gains on Bigger-than-Expected Storage Draw |
| Despite the boost, the commodity is still languishing near its lowest level in more than a decade. With production remaining plentiful and expected to outpace demand for most of 2016, the commodity is likely to stay depressed for a while.About the Weekly Natural Gas Storage ReportThe Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weMonday, December 28, 2015 |
|
| 24hGold - Yahoo |
| NATURAL GAS You Can Expect Natural Gas to Start Trading Higher |
| Baby, It's (Finally Gonna Be) Cold Outside: Natural Gas Updates(Continued from Prior Part) Natural gas price trends
January natural gas futures contracts trading on NYMEX are close to their key resistance level of $2 per MMBtu (million British thermal units). Prices are following a long-term falling trend. The consensus of falling inventory and cold weather could benefit natural gas prices.
Key support
Bullish traders could see resistance at $3 per MMBtu. Prices tested this level in April 20Thursday, December 24, 2015 |
|
|
