Global News Aggregator
Oil stocks are finally playing catch up as the energy sector has become one of the best performing sectors of the market this year, according to Morgan Stanley. “An improving…
The energy sector is demonstrating strength with a “compelling valuation” that could set stocks up for a comeback after underperforming the broader market since September, according to Morgan Stanley. Strategists…
The oil industry is fighting to cash in on limited land in the resource-rich Permian Basin but the acquisition targets are dwindling after a series of major deals over the…
Better times may be ahead for energy investors after this year’s declines opened major investment opportunities, and oil prices rebound. West Texas Intermediate futures are down about 7% in 2023.…
The 10 things to watch Wednesday, Dec. 6 1. U.S. stocks are higher in premarket trading Wednesday, with S & P 500 futures up 0.45% after back-to-back days of losses.…
Is the decline in WTI crude a sign of something more ominous? We don’t think so just yet. Source link: https://www.cnbc.com/2023/12/06/were-making-a-small-contrarian-buy-as-oil-prices-and-energy-stocks-get-crushed.html
Check out the companies making headlines after the bell : Robinhood — Shares of the trading platform app slid more than 8%. Robinhood posted third-quarter revenue of $467 million, compared…
Exxon Mobil ‘s (XOM) planned deal to buy Pioneer Natural Resources (PXD) has sparked talk of more consolidation in the oil-and-gas industry. While we don’t own companies as mergers-and-acquisition plays,…
Oil and natural gas prices traveled divergent paths this week, resulting in a mixed picture for the Club stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD). Fresh off robust…
A mix of high oil prices and capital discipline has led to strong balance sheets across the energy sector, but the trend of falling debt has started to reverse itself.…