|Day Low/High||31.40 / 32.86|
|52 Wk Low/High||24.13 / 53.50|
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.
These names show the downward pull can be beaten with the right set of circumstances, and it happens more often than you might think.
The oil and gas producer will buy the family-owned operator in a deal worth $2.45 billion, a bargain price considering the attractive West Texas assets included in the package.
There are too many companies in just about every sector of this market, Cramer says.
Energen, Gulfport Energy, Laredo Petroleum, Newfield Exploration, PDC Energy and SM Energy top Williams Capital Group's takeout list.
The investments follow a flurry of deals in the region, including DiamondBack Energy Inc.'s purchase of properties in the Delaware Basin from Natural Gas Partners-backed Luxe Energy for $560 million.
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