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COVID-19 already is endemic, meaning it's staying around for the foreseeable future. Low interest rates, which seem like they have been around forever, are getting to the end of their four-decade run. Look for the long end of the bond market to spiral lower first (interest rates h...
Recently, I wrote a bearish article on the ARK Innovation ETF, suggesting ARKK was significantly overvalued and the underlying top-ten component companies were selling at unsustainable price-to-sales ratios. Subsequently, filing disclosures showed Michael Burry with a short position i...
Cenovus Energy shares have struggled mightily over the past decade, before a recent renaissance rebound from the spring of 2020 lows, however there is a secular turn afoot. On June 28th, 2017 I bought shares of Cenovus Energy paying $7.46 per share. Cenovus Energy recently closed at $...
Management needs to make low-cost competitors the number one priority. This industry has low visibility. Annual dividend growth in a volatile industry may not be really practical. The balance sheet strength priority is too low and maybe overruled by the dividend priority. Some...
The EIA issues revision data by whole states or state districts rather than by basin, so some of the reserves and production, but a small proportion, will be from conventional reservoirs. Cumulative adjustments and revisions turned negative in 2019 and I expect will show a major decli...
Exxon's results in the Permian Basin continue to lag peers. Comparing Exxon's results with Pioneers leaves Exxon lacking. Exxon should focus on improving its capital efficiency in oil and gas. For further details see: Exxon's Crucial Challenge: Lagging Permian Performanc...
I have been writing on Seeking Alpha about the technological disruption (i.e. fracking and Hz drilling) of the oil & gas industry for a few years now. That technology disruption has led to a new era of energy abundance in which the world has a huge and secure supply of oil and gas...
Image source: The Motley Fool. Concho Resources Inc (NYSE: CXO) Q4 2020 Earnings Call Feb 2, 2021 , 12:00 p.m. ET Operator Continue reading For further details see: Concho Resources Inc (CXO) Q4 2020 Earnings Call Transcript
Many seem surprised by a federal lease ban. They shouldn't, as this was well-telegraphed. More than a year of foreshadowing gave E&Ps with exposure time to build a permit backlog to work through. The moratorium only impacts future lease sales. Production on federal acreage is ...
Energy investors recently got spooked by President Biden's orders to freeze leases and permits on Federal property and to stop construction on the -XL pipeline. However, those familiar with COP's production profile know investor concerns are way overblown. Biden could actually be a ve...
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Image source: The Motley Fool. Concho Resources Inc (NYSE: CXO) Q4 2020 Earnings Call Feb 2, 2021 , 12:00 p.m. ET Operator Continue reading For further details see: Concho Resources Inc (CXO) Q4 2020 Earnings Call Transcript
Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600 Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600 PR Newswire NEW YORK ...
Oil prices started 2021 off with a bang, rallying nearly 8% during the first week of the year, thanks to some unexpected additional support from Saudi Arabia. That pushed crude above $50 a barrel for the first time since last February. While all oil companies will benefit from higher oil ...