XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 11/14/22

Summary In our polarized world, your politics can be hazardous to your performance. Many political claims seem to make sense but do not hold water. The economy, energy policy and inflation may be the poster children of this campaign. Market reaction going into (and coming ...

Summary EOG has ~11,500 "premium" wells that can generate an IRR of 30%+ at $40/bbl WTI and $2.50 MMcf natural gas. That being the case, EOG has just been killing it in the high-priced O&G market of 2022. Indeed, YTD EOG has declared $8.80/share of (base+variable) dividends fo...

Summary July Non-OPEC oil production increased by 697 kb/d to 49,616 kb/d. World oil production in July increased by 944 kb/d to 80,191 kb/d according to the EIA. August production is expected to increase by 1,357 kb/d to 81,548 kb/d. A guest post by Ovi Belo...

Summary Why the declines in tech on the S&P 500 may be hiding strength in other sectors from investors. The energy sector may still provide opportunities for investors. Insurers are not suffering the same challenges as other financials in the current high-rate environment....

Summary In light of the recent outperformance of energy stocks, the sector looks to be in need of a period of consolidation. As such, we may be entering a period whereby the oil price itself outperforms energy companies. Depending on one’s timeframe, investors may do well t...

Summary The U.S. inflation report is likely to remain the most economic piece of data for markets, for the foreseeable future. Falling inflation eventually will allow central banks to perform the much-discussed pivot, both in terms of the speed of tightening and eventual terminal ...

Summary The physical market for energy continues to be tight, signally demand continues to outpace supply. Supply dynamics will likely outweigh any demand destruction and continue to push oil prices higher over the coming quarters. The mid-term elections could be the catalyst ...

Summary After rallying 9% off the October 12 bottom, the market pulled back last week but still sits 5.4% above the low point. Commodities are trouncing all other major asset classes on a YTD basis, largely due to the rise in oil, natural gas, and agricultural prices. The newe...

Summary BlackRock’s top investment leaders came together at the Outlook Forum. The upshot: the new regime is not about to change, and we need a new playbook. Stocks slid and yields rose as the Federal Reserve delivered another mega rate rise and signaled it would need to ta...

Summary A coalition of 190 countries and companies had agreed to "phase down" coal power and end support for new plants. The African location is expected to put greater focus on the question of climate financing for historically marginalized communities and emerging markets. C...