25
Apr
Oil Invetory Report Expectations: Crude – down 1.2 million barrels. Bloomberg reports that not only do we have a glut of oil at Cushing but now we have one at the LOOP (Louisiana Offshore Oil Port) in the Gulf of Mexico. Storage facilities there are running close to full and scheduled deliveries may be delayed. [...]
Posted in Uncategorized | 98 Comments »
24
Apr
Good morning. My apologies for the lack of accessibility, but I was muzzled for most of yesterday by a technical glitch. Perhaps it was an act of MEND. My site host assures me it won’t happen again (soon). Early Read On Oil Inventories This Week: (from the Dow Jones survey) Crude – down 1.2 million [...]
Posted in Uncategorized | 36 Comments »
23
Apr
Busy Week Ahead: IPAA New York. April 23 to 25. A list of the participants, their meeting times and a link to their webscast can be found here: Earnings of interest: April 23: (ACI), (GRP) April 24: (ESV), (PPP) April 25: (COP), (ECA), (RRC) (SII) (XTO) April 26: (APA), (EEE), (XOM), (HAL), (NFX) – see [...]
Posted in Uncategorized | 8 Comments »
20
Apr
Newfield Exploration (NFX), $42.33. Near Term Price Target: $50 First, let me start by saying this is not an option recommendation but simply a quick review of a company I really like. This is by no means a comprehensive report (no model attached) but is instead focused on a few areas of operations which could [...]
Posted in Uncategorized | 11 Comments »
20
Apr
Friday is often my day to catch up on random gleanings from the oil patch so here goes. Natural Gas: Sideways Trading After Uneventful Report. I predicted a 45 Bcf withdrawal and the EIA reported a 46 Bcf withdrawal. The Street was looking for a number in the mid 30s and gas traders were non-plussed [...]
Posted in Uncategorized | 10 Comments »