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Bearish inventory data was crushing the commodity Thursday, and the stocks of companies who beat on earnings suffered as a result.
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 U.S. land rig count has been pumped up for yet another straight week as producers added 11 oil rigs, while the gas rig count fell by three.
SM Energy CEO Javan Ottoson is not willing to bet the round of corporate-level M&A that dealmakers are hoping for is on the horizon in the prolific Permian Basin.
With the land grab all but over, vast oil-bearing plots are in the hands of strategics that continue to bolster production. Yet they need higher oil prices to regain profitability.
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.