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This week's DOE inventory updated showed a larger-than expected 9.4mb draw in oil and oil products (NYSEARCA:USO). BP (NYSE:BP) reported earnings and guided to flat year-on-year production in 2022; however, the Company flagged a pivot away from US shale production growth. Equinor (NYSE:EQNR) ...
The energy sector (XLE +1.9%) leads the S&P sector standings by a wide margin, supported by a continuation of the uptrend in the oil price and interest in the sector as an inflation hedge, particularly in light of the January CPI report. March WTI crude (CL1:COM) +1.8% to $91.53/bbl and A...
West Texas Intermediate crude oil, the U.S. benchmark, currently sits above $90 per barrel. Henry Hub natural gas prices are over $4.30 per one million British thermal units (MMBtu). These are the highest oil and gas prices since 2014. Many oil and gas companies were pressured to cut sp...
Saudi's Energy Minister Prince Abdulaziz Bin Salman sat down with TIME to discuss the Kingdom's energy plans. In a wide-ranging conversation, the Prince discussed plans for the Kingdom to increase low-carbon investments, but also increase oil production capacity beyond 13mb/d (ARMCO) (NYSEARC...
International oil and gas rig count, excluding Canada and the US, was up by 7 rigs to 841 in January, according to a Baker Hughes (NASDAQ:BKR) report released Friday. Rig count in 2019 averaged 1,098, and although rig counts around the world are lower, most of the difference between 2019 and ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hot stocks from different sectors typically get a lot of attention both in bull and bear markets. When markets are jittery, as they are now, investors look for shares with solid fundamentals and fair valuation levels. Thi...
It's been a super start to the year for the oil sector and the oil services sector in particular. For example, according to data provided by S&P Global Market Intelligence , oil services stock Baker Hughes (NASDAQ: BKR) rose 14% in January, while Halliburton (NYSE: HAL...
HAL announced fourth-quarter 2021 earnings, beating analysts' expectations. Halliburton raised its quarterly dividend by 167% to $0.12 per share (or $0.48 per share annualized). I recommend buying HAL at or below $28. For further details see: Halliburton: Rising Dividend...
Rising energy demand from the reopening global economy in the face of relatively tight oil and natural gas supplies should keep their prices high. So, oil & gas companies Schlumberger (SLB) and Baker Hughes (BKR) should benefit from a favorable industry backdrop. But which of these stocks...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips As was the case with many hot tech stocks that went public in late 2020 and early 2021, C3.ai (NYSE: AI ) got ahead of itself. The enterprise artificial intelligence and machine learning software company pr...
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2024-07-30 04:34:00 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...
Golf tournament benefits hospital's newborn center & neonatal intensive care unit Event has raised more than $7 million since 1998 to enhance innovation and excellence in the research, treatment and care of infants HOUSTON, TX / ACCESSWIRE / July 29, 2024 / Baker Hughes is pleas...
Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders. RPO of $33.5 billion, including record IET RPO of $30.2 billion. Revenue of $7.1 billion, up 13% year-over-year. Net income attributable to the Company of $579 million. ...