Of all the energy sectors, oil and natural gas companies have taken the worst beating this year.
These firms are expected to spend nearly $2 trillion on drilling projects over the next five years.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Of all the energy sectors, oil and natural gas companies have taken the worst beating this year.
These firms are expected to spend nearly $2 trillion on drilling projects over the next five years.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Of all the energy sectors, oil and natural gas companies have taken the worst beating this year.
These firms are expected to spend nearly $2 trillion on drilling projects over the next five years.
By Garrett Baldwin, Behavioral Trading Specialist, Money Morning -
The introduction of hydraulic fracturing (fracking) has led to a production renaissance for U.S. oil and natural gas companies.
By 2015, the U.S. will surpass Russia and Saudi Arabia to become the world's biggest oil producer, according to the International Energy Agency. Just on Tuesday, a number of energy companies surpassed their 52-week share-price highs on the Standard & Poor's 500, including EQT Corp. (NYSE: EQT), Hess Corp. (NYSE: HES), and Baker Hughes Inc. (NYSE: BHI).
And recently, Deutsche Bank placed "Buy" recommendations on several producers and master limited partnerships (MLPs), saying that the "fundamental outlook of U.S. gas demand is compelling."