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 | The Energy Report |
| Small-Cap Oil Company's First STACK Well Ranks Among Highest in Region |
| A small company drilling alongside the large operators has just released results from its first well, which exceeded expectations.
Oklahoma's STACK oil play has been on the radar of oil companies the past few years as large independent producers like Devon Energy (DVN-NYSE), Continental Resources (CLR-NYSE), Marathon Oil (MRO-NYSE), Newfield Exploration (NFX-NYSE) and Alta Mesa (AMR-NYSE) have acquired large tracts of land. But it's notWednesday, March 14, 2018 |
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| The Energy Report |
| The Smallest Company in the Lowest Cost Oil Play in the US |
| Keith Schaefer of Oil and Gas Investments Bulletin profiles a micro-cap oil company with land in a prime area.
Small oil producers have been shunned by the market, making them extremely cheap now—giving the whole sector lots of leverage for investors.
The one I'm focused on this year is Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC). It's the smallest company I can find in the best play—which right now looks like the STACK play in Oklahoma.
It was the rare mWednesday, March 7, 2018 |
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| The Energy Report |
| Four Plays in Oklahoma's Red-Hot STACK |
| Oil and gas companies are racing to acquire land in Oklahoma's STACK region, known as an area of low-cost production.
STACK, a major area of energy-development interest in Oklahoma, stands for Sooner Trend Anadarko basin Canadian and Kingfisher counties. The area's importance was highlighted by the U.S. Energy Information Administration action in August to expand its weekly Drilling Productivity Report to include the Anadarko Basin, theWednesday, September 13, 2017 |
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| 24hGold - Publicnow |
| VAALCO ENERGY ANNOUNCES RETIREMENT OF CHIEF EXECUTIVE OFFICER STEVE GUIDRY |
| HOUSTON - AUGUST 3, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that Steve Guidry, the Company's Chief Executive Officer, will retire from the Company and Board of Directors effective September 1, 2016.
Steve joined VAALCO as Chief Executive Officer in October 2013 after having worked for 33 years at Marathon Oil Corporation in a number of senior executive capacities, his last position there being Vice President of Business Development. He was also appointed to VAALCO's Board of DirWednesday, August 3, 2016 |
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| 24hGold - Publicnow |
| OIL Marathon Oil Corporation Declares Second Quarter 2016 Dividend |
| July 27, 2016
HOUSTON, July 27, 2016 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 12, 2016, to stockholders of record on Aug. 17, 2016.
For more information on Marathon Oil Corporation, visit the Company's website at http://www.marathonoil.com.
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Media Relations Contacts:
Lee Warren: 713-296-4103
Lisa SiWednesday, July 27, 2016 |
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| 24hgold |
| Announces STACK Acquisition |
| Monday, June 20, 2016 |
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| 24hGold - Publicnow |
| 20.05.2016 2016 Investor Briefing Day |
| 2015 Investor Briefing - Strategy Day
ASX Announcement
Friday, 20 May 2016
ASX: WPL OTC: WOPEY
Woodside Petroleum Ltd.
ACN 004 898 962
Woodside Plaza
240 St Georges Terrace Perth WA 6000 Australia
www.woodside.com.au
2016 INVESTOR BRIEFING DAY
Woodside's Investor Briefing Day is scheduled to take place on Friday 20 May 2016, commencing at 8.00am AEST/6.00am AWST, and concluding at 12.00pm AEST/10.00am AWST.
To access the live webcast of the Investor Briefing Day, follow the Thursday, May 19, 2016 |
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| 24hGold - Associated Press |
| OIL Marathon Oil, Corning rise; Juniper Networks and Alcoa dip |
| NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Alcoa Inc., down 26 cents to $9.48
The aluminum producer's revenue was weaker than expected and Alcoa said it may cut even more jobs.
Juniper Networks Inc., down $1.83 to $23.06
The computer network equipment maker cut its quarterly projections because of weaker demand Tuesday, April 12, 2016 |
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| 24hGold - Yahoo |
| What to Expect from Devon Energy’s 4Q15 Earnings |
| Devon Energy's Stock Is in Downward Spiral ahead of 4Q15 Results Devon Energy’s 4Q15 revenue estimates
Devon Energy (DVN) will release its 4Q15 earnings on February 16, 2016. 4Q15 revenue estimates stand at ~$3.6 billion. Revenue in the corresponding quarter of 2014 was ~$6 billion.
In 3Q15, Devon reported revenue of $3.6 billion. This was ~33% lower than the revenue reported in 3Q14. Sequentially, revenue increased by ~6%. Given that revenues have fallen short of analysts’ estimates in all ofTuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| Hess Cuts 2016 EP Capex Budget by 40 |
| Hess's 4Q15 Earnings Better Than Estimates: Stock Rose 6%(Continued from Prior Part) Hess’s 2016 capex
On January 26, 2016, Hess (HES) announced its 2016 E&P (exploration and production) capex (capital expenditure) budget of $2.4 billion. It’s 40% lower than its 2015 capex of $4 billion.
Of the $2.4 billion, $470 million will be allocated to unconventional shale resources, $610 million will be allocated for production, $820 million will be allocated for developments, and $500 million will be aMonday, February 1, 2016 |
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| 24hGold - Yahoo |
| Hess’s 4Q15 Earnings: Better Than the Estimates |
| Hess's 4Q15 Earnings Better Than Estimates: Stock Rose 6% Hess’s 4Q15 earnings
Hess (HES) reported its 4Q15 earnings on January 27, 2016. The company announced an adjusted loss per share of $1.40. The consensus Wall Street analyst estimate was $1.47 loss per share.
Hess’s earnings analysis
Hess reported an adjusted net loss of $396 million in 4Q15. Adjusted net income in the corresponding period in 2014 was $53 million. In 3Q15, Hess reported an adjusted net loss of $291 million.
Hess’s 4Q15Monday, February 1, 2016 |
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| 24hGold - Yahoo |
| Analyzing Upstream Players’ Moving Averages |
| Possible Deadlock in Syrian Peace Talks Impacts Crude Oil(Continued from Prior Part) Moving average
Upstream oil and gas companies are trading 14.7% below their moving averages. As of January 31, 2016, the upstream companies in the following table traded 15% below their respective moving averages. As of January 15, 2016, these upstream companies were trading about 27% below their 100-day moving averages. At that point, front-month crude futures were trading around $29.42.
Upstream players likeMonday, February 1, 2016 |
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| 24hGold - Yahoo |
| Upstream Stocks: 100-Day Moving Averages Show Strong Resistance |
| Price Correlation of Different Energy Streams and the Fed Stance(Continued from Prior Part) Moving averages
The 100-day moving averages of upstream companies’ stocks have shown strong resistance. The ten large-capped upstream companies are trading 22% below their 100-day moving averages. Only EQT (EQT) and Cabot Oil & Gas (COG) managed to trade 3.8% and 3.2% below their respective 100-day moving averages.
This is close to the averages when compared to other upstream companies. For example, MarThursday, January 28, 2016 |
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| 24hGold - Yahoo |
| Will the EIA’s Petroleum Status Report Reflect Crude Inventory |
| Crude Oil Prices Shed Gains despite Large Crude Inventory Builds Crude oil inventories
The API (American Petroleum Institute) released its weekly crude oil inventory report on Tuesday, January 26, 2016. It’s the precursor of the EIA’s report. It reported that the US crude oil inventories rose by 11.4 MMbbls (million barrels) for the week ending January 22, 2016. Analysts expected that inventories would rise by 3.5 MMbbls for that week.
Refinery maintenance and lower distillate demand
The APIWednesday, January 27, 2016 |
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| 24hGold - Yahoo |
| ConocoPhillips’ Stock on a Steep Downtrend Ahead of 4Q15 Earnings |
| ConocoPhillips: 4Q15 Earnings Estimates Lowered as Oil Drops(Continued from Prior Part) ConocoPhillips’ stock movements in 2015
After declining for most of 2015, ConocoPhillips’ (COP) stock slowly started gaining momentum in late 3Q15. However, the worst was yet to come for the stock. After oil prices fell below $40 in December 2015, ConocoPhillips’ stock started declining. 2016 didn’t serve as a good start for upstream oil companies as oil prices fell further, below $30 per barrel. These are tTuesday, January 26, 2016 |
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| 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 |
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| 24hGold - Yahoo |
| Hess’s Stock Has Mostly Been on a Falling Trend since May 2015 |
| Hess to Release 4Q15 Earnings, Stock Trend Mostly Falling(Continued from Prior Part) Hess’s stock performance
Hess’s (HES) stock has mostly been on a falling trend since May 2015. It accelerated at the beginning of 3Q15. Weaker crude oil prices in the third quarter were the major reason behind this. HES saw a brief upward trend in the period from October to December. However, as crude oil prices started to spiral in early December, falling below $40 per barrel, stock prices went south for the uTuesday, January 26, 2016 |
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