|Day Low/High||42.45 / 43.12|
|52 Wk Low/High||41.34 / 65.86|
Investors seem to be struggling with where to place their bets as U.S. producers kick back into gear, but analysts have mapped out a few to keep an eye on.
The most recent short interest data has been released for the 03/31/2017 settlement date, which shows a 671,267 share increase in total short interest for PDC Energy Inc , to 6,548,870, an increase of 11.42% since 03/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Majors like Royal Dutch Shell and independents like EOG Resources are buying up prospective Texas acreage.
Jim Cramer ponders how oil and math don't mix, and the fate of Wells Fargo's Stumpf.
The supposed OPEC deal is just a desperate action to stop oil prices from collapsing again.
A turnaround may be in the sights for the industry but many companies could still look toward divestitures to strengthen their finances and put money in the bank for acquisitions.
Encana's secondary offering should be used to expand its oil operations, Cramer said.
The Houston oilfield service provider reported Friday a much more moderate gain in U.S. oil rigs than the industry has recently seen and said natural gas rigs were down again.