crude

The oil and gas crisis claimed two more U.S. victims this week with Midstates Petroleum Company Inc (OTC: MPOYQ) and Ultra Petroleum Corp. (OTC: UPLMQ) both filing for creditor protection. The two new bankruptcies bring the total number of U.S. oil and gas victims to 59. Unfortunately, with no end...

Citi has raised the price target on the shares of Anadarko Petroleum Corporation (NYSE: APC) after the company's cost cutting efforts drove better-than-expected quarterly results. Analyst Robert Morris increased his price target on the stock by $3 to $65, implying an upside of 25 percent from...

Deutsche Bank's Ryan Todd sees operational momentum building in Anadarko Petroleum Corporation (NYSE: APC), which reported smaller-than-expected first-quarter loss, as it cut costs to offset the slump in oil prices. The company posted adjusted loss of $1.12 per share, topping Street view of loss of...

Citi has upgraded Superior Energy Services, Inc. (NYSE: SPN) to Buy from Neutral as it sees upside to shares on potential accretive acquisition due to the supply of excess frac equipment potentially available at depressed prices. Possible M&A Activity The brokerage said a deal could also...

If reinventing the gas station business model sounds like a great business opportunity to you, you're not alone. That's exactly what a group of San Francisco startups thought, and launched a number of apps that aim to bring the gas to you instead of the other way around. If delivering...

Nordic American Tanker Ltd (NYSE: NAT), an international tanker company that owns crude oil tankers, announced on Monday it has entered into an agreement to acquire four Suezmax sister vessels for $106 million. Nordic American Tanker stated that two of the tankers were built in 2004, one in 2003...

This week is a big week for oil majors and refiners. The majority of the names under Goldman Sachs' coverage report Q1 earnings this week. Analyst Neil Mehta has been using three themes when picking stocks in the space: 1. Coastal refiners over mid-continent refiners 2. Canadian names with...

Three petroleum giants are on deck to share their latest earnings results this week. Consensus forecasts indicate that analysts' expectations for all three are low. Net losses are predicted for many others in the oil patch as well. Among the many earnings reports due this week, highlights will...

After a couple of years of dismal performances, Russia exchange-traded funds are on the mend in 2016, thanks in large part to rebounding Brent crude prices. With the United States Brent Oil Fund, LP (NYSE: BNO) up more than 41 percent over the past 90 days, the Market Vectors Russia ETF Trust (...

Earnings season is a critical time for most companies in the market, but Q1 EPS is likely not particularly important for oil services investors. According to UBS analyst Angie Sedita, it’s no secret that Q1 oil earnings will be terrible, but the investment thesis for oil services stocks is...

Goldman Sachs slashed its 2016 EPS estimate on Transocean LTD (NYSE: RIG) by 95 percent and the EBITDA view by 7 percent on lower-than-expected day rates on new contract awards and five idled rigs. The offshore driller released its fleet status report, which showed its Actinia awarded a three-year...

The news over the weekend that no deal could be reached in Doha to cut the global production of oil may have caused some investors to worry. But, if the last two days are any indication, they've quickly gotten over it. Crude oil futures are up two points since they opened this week, and...

Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...

The highly-anticipated meeting of OPEC and non-OPEC global oil producers this weekend in Doha did very little to inspire confidence among oil investors that a timely solution to the massive crude oil glut is imminent. Although the purpose of the meeting was to discuss a potential global production...

If the conventional wisdom is that refiners equities are usually less bad than other energy stocks when oil prices decline, then it can be argued the nearly 4 percent year-to-date being sported by the Market Vectors Oil Refiners ETF (NYSE: CRAK) is fairly impressive. The gains posted by some...