|Day Low/High||29.77 / 30.39|
|52 Wk Low/High||21.23 / 39.82|
The find is still in its early stages but is estimated to hold more than 15 billion barrels of oil and gas.
Here's how to trade seven of the most active names on the market.
The 'New' Baker Hughes and two small-cap companies are where investors should look for a 'game changer' in the energy industry.
The most recent short interest data has been released for the 01/13/2017 settlement date, which shows a 1,950,125 share decrease in total short interest for Parsley Energy Inc , to 11,414,438, a decrease of 14.59% since 12/30/2016. 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.
ExxonMobil and Noble Energy announced plans to build their respective Permian Basin portfolio, buys that 'continue to move the needle,' says Cramer.
The firm prefers the small- and mid-cap names in the lucrative west Texas Permian Basin.
The oil producer said it acquired packages in the lucrative west Texas play in multiple deals totaling $600 million, and one industry source said Apache was among the seller group.
Shares of the independent oil and natural gas company slumped on Wednesday after the company announced an 'upsized' or secondary offering of its shares.
Gobbling up privately held acreage may continue to be a major priority for strategics in 2017, but so too will asset sales and equity raises as low leverage remains vital.