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Summary The energy situation has made many realize that we need oil after all. Governments have political capital to allow more fossil fuel activity. Orderbooks are growing for companies that service the exploration and extraction processes of oil, supporting fundamentals of t...
Summary The supply and demand disruptions from COVID amplified commodity price signals, first down, then up. This dynamic has amplified the noise level, thereby lowering the information value of prices. It is time to step back and observe the fundamental and structural economi...
Schlumberger ( NYSE: SLB ), Aker Solutions ( OTC:AKRTF ) and Subsea 7 ( OTCPK:SUBCY ) said on Tuesday they will form a joint venture combining their subsea oil and gas construction business, offering complementary geographic coverage, technology and engineering capab...
Complementary geographic coverage, technology and engineering capabilities will deliver leading performance and integration in a growing offshore market Schlumberger, Aker Solutions and Subsea 7 today announced an agreement to form a joint venture to drive innovation and eff...
Summary With approval to buy 50% of Occidental Petroleum, the question for investors is what does Berkshire Hathaway see that the market does not? Occidental is expected to experience extreme downside earnings volatility into mid-decade compared to its peer group. The market m...
Rising crude oil prices propelled the energy sector ( NYSEARCA: XLE ) to the top of the S&P sector leaderboard on Thursday, as front-month WTI September crude ( CL1:COM ) reclaimed the $90/bbl level, closing +2.4% to $90.07/bbl. U.S. natural gas prices ( NG1:CO...
I continue to love the sector Wall Street seems to hate: energy. Analysts are saying oil has peaked and bad times are directly ahead for the sector, notes Tony Daltorio, editor of Market Mavens. For further details see: A "Reversal of Fortune" for Oil Services
Energy stocks are lower across the board early Monday, as crude oil futures plunge more than 4% to seven-month lows following weaker than expected Chinese economic data and the rising possibility for a revival of the Iran nuclear deal, which would add supply to global markets. ...
Our total dividend income decreased from $771.96 received in July 2021. Canadian Imperial takes the crown for the largest dividend payment of the month. The First Bancorp and Huntington Bank added $50 in new dividend income compared to last year. We are back with another...
Core Lab has just come through an awful quarter and its shares are reflective of that. Its legacy offshore reservoir description business could be on the rise, and the company has a number of other levers to pull. We think CLB is a speculative buy for growth that will come as oil ...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...