Oil Archives - Money Morning - Only the News You Can Profit From
The Eagle Ford Shale Will Boost These Oil Stock Prices in 2014
The Eagle Ford shale formation in Southern Texas is experiencing an unprecedented oil boom. With a daily output of more than 1.36 million barrels, it's the largest oil formation in the U.S.
It's helping make the U.S. the world's top oil producer and making oil companies even richer in the process.For investors, that production will have a profound impact on these three oil stock prices in 2014...
Chesapeake Energy Corp. (NYSE: CHK) Will Spin Off Oilfield Services Business
Chesapeake Energy Corp. (NYSE: CHK) has taken the first steps to spin off its oilfield services unit.
The second largest U.S. natural gas producer, behind only behemoth Exxon Mobil Corp. (NYSE: XOM), reported Monday it has filed paperwork with the U.S. Securities and Exchange Commission for the possible separation. The company also confirmed Morgan Stanley (NYSE: MS) has been retained to evaluate strategic options for the business, Chesapeake Oilfield Operating LLC (COS).To continue reading, please click here...
Chevron's (NYSE: CVX) Annual Analyst Meeting Warns of Lingering Shifts in LNG Prices, Oil Prices
Chevron (NYSE: CVX), the nation's second-largest oil company and the world's fourth-largest energy producer by market value, cut expectations for its 2017 production by 6.1% at its annual security analyst meeting today (Tuesday), citing a drop in LNG prices and an increase in oil prices.
Over the last several months, the petrochemical company, along with industry competitors, has been shelling out huge amounts of cash to raise natural gas and oil production.To continue reading, please click here...
Why Oil Prices Are Up Today
Oil prices are up today (Thursday) for the first time in three days for the following two reasons.
New York's main contract and oil price benchmark West Texas Intermediate (WTI) for April delivery rose $0.11 to $101.56 a barrel, after reaching as low as $100.13 a barrel in intraday trading. The volume of all futures traded was around 42% over the 100-day average.To continue reading, please click here...
U.S. Oil Futures Today: Watch Them Soar on These Two Factors
Today (Monday), U.S. oil futures hit a five-month high on fallout from the Ukraine conflict, further supported by inclement weather across the United States.
On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) crude for delivery in April rose to a session high of $104.65 a barrel, the highest since Sept. 23.To continue reading, please click here...
Why the Rising Tide in Oil Hasn't Been as Good for Offshore Drilling Ventures
The spread between West Texas Intermediate (WTI) and Brent continues to narrow.
Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.
This ongoing glut has been the single biggest reason why WTI trades at a discount to Brent. As I write this, WTI is approaching $104 a barrel and Brent $111.
With crude oil prices continuing to rise, you would think that would be good news for both onshore and offshore drilling ventures.
But it's just not so, at least in the short term.
The distribution between onshore and offshore projects has changed in favor of land-based drilling, driven largely by unconventional oil.
This is merely the latest sign that, in oil at least, a rising tide does not equally raise all boats.Here's what this new development means for offshore investors...
Why the Keystone XL Crude Oil Pipeline Deal Is Far from Done
Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.
In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline's northern leg would not have a major impact on global greenhouse gas emissions.It just needs to get past these last political hurdles...
Keystone Pipeline Gets Step Closer to Approval – Which Is Good News for These Investors
Keystone XL pipeline supporters – who have been waiting years for this project to be completed – just received good news from the U.S. Department of State.
The Keystone pipeline is 1,179 miles long and would connect heavy crude oil from bitumen deposits in Canada to the southeastern refining network of the United States. While the southern portion has been built, the northern section requires approval given its cross-border passage.To continue reading, please click here...
The Best "Yardstick" for Picking Oil and Gas Stocks to Buy
As every savvy investor knows, multiples are one of the best yardsticks when it comes to finding undervalued oil and gas stocks to buy.
More often than not, that involves a hard look at the multiple of a company's earnings to determine whether or not a stock is fairly valued.And the best part is, hardly anyone else is using it...
The Five Biggest Oil Investing Trends of 2014
The global oil market in 2013 was dominated by geopolitical disruptions, a huge boom in U.S. domestic production, and double-digit gains for energy investors. Energy stocks rose about 18% in 2013.
This year's gains should be even better, especially if investors follow the five biggest oil investing trends of 2014.
Just look at what's happening in the United States…But the next 12 months could be even better…