Oil

Tech Talk for Wednesday February 21st 2018

  Observation Gasoline prices continue to move higher. ‘Tis the season for strength to the end of May!   StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $WMT Editor’s Note: After 10:00 AM EST, breakouts in ...

Private Equity's Dark Cloud?

Jarrett Renshaw of Reuters reports, Refiner goes belly-up after big payouts to Carlyle Group:Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.Although little oil flowed, plenty of money did.U ...

February 20, 2018 Charts

Broad equities recovered some of their losses; WTI rebounded by 4% last week; The 2017 oil supply deficit was 0.44 MMB/d ...

Oil Mixed with WTI Rising Due to Canadian Pipeline Issues

Oil prices were mixed Tuesday, with the U.S. benchmark gaining ground on its global counterpart thanks to Canadian pipeline problems. West Texas Intermediate futures for April delivery CLJ8, +0.10%  rose 53 cents, or 0.9%, to $62.08 a barrel. Brent crude LCOJ8, -0.84% the global benchmark, lost 8 c ...

Riverstone: Three Rivers To Sell All Delaware Basin Assets

Three Rivers Operating Company III LLC, a private E&P with a 57,000-net-acre position in the Delaware Basin, is being sold nearly a year after it was first put on the market. Private-equity backer Riverstone Holdings LLC said it agreed to the “sale of 100% of the assets” in Culberson and Reeves ...

Anadarko Inks Mozambique LNG Sale, Purchase Agreement With France’s EDF

Anadarko Petroleum Corp. (NYSE: APC) said on Feb. 20 that Mozambique LNG1 Co. Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG sale and purchase agreement with Électricité de France SA (EDF). The off-take agreement calls for the supp ...

NuStar, Other Energy Partnerships Simplify Business Models To Spur Growth

Some publicly traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and gas production has spawned billions of dollars of new transport, gathering and storage projects. But the companies most ...

Canada’s stock market is the worst in the world right now

For years now, investor portfolios in Canada have been taking an undue amount of punishment from the oil and gas sector. So much so, that you’d figure it would grow tired of inflicting all that damage and start being nice again in 2018. Guess again. Canada’s stock market is being a real dog ag ...

Private Capital’s Tipping Point For Oil And Gas

A version of this story appears in the February 2018 edition of Oil and Gas Investor. Subscribe to the magazine here. Last year, public-equity investors abandoned the oil and gas space. Could private-equity investors do the same this year? The answer depends on your perspective. In the A&D world, pr ...

What's Affecting Oil Prices This Week (Feb. 19, 2018)?

Due to the President’s Day holiday in the U.S., today’s edition of What’s Affecting Oil has been abbreviated. In the week since our last edition of What’s Affecting Oil Prices, Brent prices averaged around $63.68/bbl last week, within the expected range. Prices actually rose throughout the w ...