OIH News and Press, VanEck Vectors Oil Services From 06/03/23

2023-06-03 22:30:38 ET Oil and gas companies, as well as wind and solar developers, say language in the debt ceiling bill intended to speed up the federal permitting process for large infrastructure projects does not go far enough but could be a precursor for more sweeping legislation...

2023-05-31 14:33:58 ET Popular broad-spectrum energy exchange trade fund Energy Select Sector SPDR Fund ETF ( NYSEARCA: XLE ) dropped to its lowest level in two months on Wednesday, dragged down by a dip in oil ( CL1:COM ) prices. Oil fell 1.3% to the $68.75 per barrel r...

2023-05-30 18:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-05-30 10:18:49 ET Summary Nabors Industries' stock price has underperformed YTD due to macro concerns and weak gas prices, but its fundamentals suggest a value opportunity. The company's advanced drilling technology and global presence provide moats even if U.S. shale activit...

2023-05-29 07:48:15 ET Summary Schlumberger announced revenue of $7.736 billion in Q1'23, or a 29.8% increase YoY, down 1.8% over 4Q22. Schlumberger's board of directors approved a quarterly cash dividend of $0.25 per share or a dividend yield of 2.25%, which I consider too l...

2023-05-25 11:58:19 ET D.C. lawmakers are closing in on a modest deal that would overhaul the U.S. permitting process for energy projects as part of legislation to raise the debt ceiling and avoid a default, The Washington Post reported Thursday. The emerging deal reportedly would e...

2023-05-24 07:47:06 ET According to the International Energy Agency (IEA), global investment in fossil fuels fell by 20% in 2020, to $536 billion. This was the lowest level […] For further details see: Why Small-Cap Oil Plays Could be Set for Stardom (SBOW, CEI, MTDR, FANG, HP, S...

2023-05-21 04:34:41 ET Summary NexTier is deeply discounted at 2.6x forward earnings; unlike other stocks trading at very low multiples, NexTier isn't financially distressed and revenue is growing. The demand for pressure pumping services may weaken in the short run, but NexTier's...

2023-05-21 02:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-05-18 08:30:00 ET Summary As the Fed tightens and slows the economy, the hope is that inflation will come down too; this is the "soft landing" scenario. There is much concern that the Fed will overdo it, resulting in a "severe recession", but that may not be the worst scenari...