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How could Buffett be buying Occidental, an oil stock, amid a waterfall decline in the commodity? Everybody knows the greening of the world spells doom for fossil fuels, or does it? Former oil company bad behavior changes in the fight for self-preservation. This is a big ...
U.S. April production decreased by 60 kb/d to 11,628 kb/d, after March was revised up from 11,655 kb/d to 11,688 kb/d. The largest production increase came from the GOM while North Dakota dropped by 214 kb/d. North Dakota’s April output was 894 kb/d, a decrease of 214 kb/d ...
We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...
Over the past five years, total supply has fallen from 119 units in early 2017 to 95 in June 2022. Marketed supply fell from 96 units to 80 at present. So far, contractors have been restrained in reactivating cold-stacked drillships, leading to an increase in contracted utilisation as...
The EIA has reported that their site experienced technical problems last week and that they have not been able to update their weekly and monthly data. Since we do not know when they will publish the April U.S. oil production report, this short different post will fill the gap. Fr...
OVERLAND PARK, KS / ACCESSWIRE / July 1, 2022 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of June 30, 2022, the company...
As of May 2022, refining capacity stands at 17.9 million barrels per day (bpd). With utilization at near-record highs, the refinery margins are also at a record high. The energy industry is also moving to a net-zero carbon strategy which means less investment will be put into refi...
The June 2022 STEO has revised downward its projected US oil output from May 2022 to Q3-23. The DPR is projecting that oil output for July 2022 will increase by 143 kb/d to 8,900 kb/d. Since the beginning of April, the US has been adding oil rigs at a rate of close to 3.7 rigs/wk....
While margins have recently reached record highs for the Energy sector in the S&P 500 as oil prices have risen, overall net profit for US producers remains below record levels seen in 2012. CAPEX for US oil producers has historically outpaced net profit and normally tracks closer ...
For the second month in three, equity CEFs on average witnessed positive returns, rising 0.73% on a NAV basis for May. While for the fifth consecutive month, fixed income CEFs posted returns in the red (-0.40%). Only 20% of all CEFs traded at a premium to their NAV at month end, w...
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2024-07-13 07:14:00 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...
OVERLAND PARK, KS / ACCESSWIRE / June 3, 2024 / Tortoise today announced the following preliminary unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 31, 2024, the ...
2024-05-22 20:58:00 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...