PE News and Press, Parsley Energy Inc. Class A From 03/13/20

Several oil companies hit by the price war between Saudi Arabia and Russia are encouraging the Trump administration to waive the Jones Act , a law that mandates only U.S. vessels can be used to transport goods among U.S. ports. More news on: Chesapeake Energy Corporation, Parsley Energy, ...

Parsley Energy ( PE +6.5% ) says it is restructuring some of its existing 2020 hedge positions to provide additional protection in a $30-$35/bbl oil price environment by reducing certain short put prices. More news on: Parsley Energy, Inc., Energy stocks news, Stocks on the move, R...

AUSTIN, Texas , March 13, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today provided an update to its oil hedge position for 2020 and 2021. Parsley's baseline capital budget assumes $30 - $35 WTI oil price for the remainder of 202...

Despite a 3% rise this morning to $32/64.bbl, crude oil is set to record a nearly 21% drop this week, marking the worst week since the financial crisis (its down almost 50% YTD). More news on: Marathon Oil Corporation, Pioneer Natural Resources Company, Apache Corporation, News on ET...

Welcome to the not hedged edition of Natural Gas Daily! A confluence of bearish weather model updates combined with fears of coronavirus spreading into the US has caused natural gas prices to tank back lower in the last 48 hours. The concerns are somewhat valid, but the bigger tailwind i...

If something is too hard, we move on to something else. What could be simpler than that?” - Charlie Munger We are well into the "run out" period for the oil industry now. EVs are coming fast and furious within four or five years. Hydrogen is uniquely positioned for heavy vehicle...

Oil giant  Chevron   (NYSE: CVX) is considering making a change to its near-term operating plan amid yesterday's  historic crash in crude oil prices, according to a Reuters report . The company could reduce both its capital spending as well as its oil and gas product...

Crude oil has rebounded by almost 8% to $33.60 per barrel. More news on: Pioneer Natural Resources Company, Occidental Petroleum Corporation, Chevron Corporation, Energy stocks news, News on ETFs, Read more ...

Just a few weeks ago, it seemed there were deals to be had on a relative basis in upstream energy recently - key word being relative. Discounts to net asset value ("NAV"), recent public and private comps, and in comparison to the peer group matters not when the market goes from pricing in a ...

Russia and Saudi Arabia got into a spat Friday that turned into an oil price war. Oil prices are plunging in futures markets below $30 per barrel. While the oil stocks we own are the best of the patch, but that's not saying much. It's hard to sell when there is blood in the streets, but that...