-
Trump's Big Energy Speech Could Clarify His Approach To OPEC
Wednesday, May 25, 2016 - 10:12am | 435Read More...Presumptive Republican presidential nominee Donald Trump is expected to clarify his energy platform in a major speech on Thursday at the Williston Basin Petroleum Conference in North Dakota, Reuters reported. Trump has taken a very nationalistic approach to trade policy in campaign speeches,...
-
Asian Stocks Mostly Higher On 'Limited News Flow,' European Stocks Follow The Lead
Wednesday, May 25, 2016 - 8:28am | 289Read More...Asian stocks closed mostly higher on Wednesday after U.S. equities posted strong gains on Tuesday. "Asian markets have had limited news flow to deal with today," Chris Weston, chief market strategist at spreadbetter IG told CNBC. "The bold moves [today] are a reflection of the belief that the...
-
Petrobras Shares Underperform Despite JPMorgan Upgrade
Tuesday, May 24, 2016 - 3:44pm | 340Read More...ADRs of Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) have underperformed, despite a recent upgrade from JPMorgan. Rating And Justification JPMorgan upgraded the stock to Neutral from Underweight on potential for lower credit risk, asset sales momentum, favorable regulatory environment and...
-
Argus Reaffirms Anadarko On Focus List, Highlights 'Accelerating Cost Cuts'
Tuesday, May 24, 2016 - 9:37am | 465Read More...Argus has reaffirmed its Buy rating on Anadarko Petroleum Corporation (NYSE: APC) on recent recovery in crude oil prices and accelerating cost cuts. Analyst Justification Anadarko, which is on Argus' "Focus List," gets major share of earnings from its U.S. onshore business — Wattenberg and...
-
E&P Bankruptcies On The Rise, But There Are Plenty Of Buying Opportunities
Monday, May 23, 2016 - 12:15pm | 363Read More...Unfortunately, the rise in crude oil prices in 2016 is too little too late for a number of oil and gas E&Ps. However, according to Roth Capital Partners analyst John White, there are still plenty of E&P buying opportunities out there. “We don’t like writing about this any more...
-
New ETF Takes Both Sides Of The Commodities Trade
Friday, May 20, 2016 - 2:17pm | 290Read More...Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...
-
Not Just Oil Hampering The Nigeria ETF
Wednesday, May 18, 2016 - 4:13pm | 521Read More...Maybe oil is not hampering the Global X MSCI Nigeria ETF ( Global X Funds (NYSE: NGE) at all — not with the United States Brent Oil Fund, LP (NYSE: BNO) being up 23.8 percent year-to-date and NGE being the only exchange-traded fund dedicated to equities in Africa's largest oil-producing...
-
British Columbia Could Become A Major Oil Player
Wednesday, May 18, 2016 - 2:13pm | 366Read More...British Columbia, which has so far been skewed more toward natural gas than oil, could become a major player in the North American oil market in coming years. Raymond James analyst Kurt Molnar believes that oil companies and even the British Columbia government are beginning to recognize the...
-
This Country ETF Is Loving Higher Brent Prices
Tuesday, May 17, 2016 - 3:17pm | 529Read More...With the United States Brent Oil Fund, LP (NYSE: BNO) higher by nearly 23 percent year-to-date, a bevy of single-country exchange-traded funds tracking equities in major oil-producing nations are benefiting. That includes developed and emerging markets ETFs. Let's Talk Oil The group certainly...
-
Morgan Stanley Recaps Houston E&P Conference With 5 Takeaways On Oil Drillers
Monday, May 16, 2016 - 1:10pm | 464Read More...Morgan Stanley hosted an oil services conference in Houston last week where global E&P names gathered to discuss the current environment in the oil complex. Following a volatile start to 2016, which has seen WTI futures close as low as $26.19 and as high as $46.03, here are 5 key takeaways from...
-
It'll Be A While Before Saudi Arabia Gets An EM Upgrade
Monday, May 16, 2016 - 8:09am | 497Read More...The iShares MSCI Saudi Arabia Capped ETF (NYSE: KSA), the lone exchange-traded fund dedicated to stocks in the Gulf Cooperation Council (GCC) nation, is down nearly 1.1 percent year-to-date, a disappointing performance when noting the United States Brent Oil Fund, LP (NYSE: BNO) is higher by 19.5...
-
OPEC's Bullying Of The Crude Oil Market
Friday, May 13, 2016 - 9:07am | 274Read More...OPEC recently cut the outlook on non-OPEC crude oil supply in 2016. It raised the forecast of supply loss for non-OPEC suppliers from 730,000 BPD to a 740,000 BPD drop, citing weak production outlooks for China, Colombia, the UK and the United States. OPEC seems to be playing a range-bound game...
-
Apache Needs To Demonstrate More Differentiated Growth
Monday, May 9, 2016 - 9:23am | 273Read More...Goldman Sachs said Apache Corporation (NYSE: APA) needs to show more differentiated growth, but the firm updated its estimates and target price on the stock while maintaining a Neutral rating on the issue. Analyst Brian Singer narrowed his loss estimate for 2016 to -$0.71 from -$2.34. The analyst...
-
Occidental Petroleum Now Looks Fairly Valued; JPMorgan Lifts To $80
Monday, May 9, 2016 - 8:41am | 306Read More...JPMorgan’s Phil Gresh likes Occidental Petroleum Corporation (NYSE: OXY)'s “combination of offense and defense,” and mentioned that the stock valuation currently prices in the medium-term expectations. Gresh downgraded the rating on the company from Overweight to Neutral, while...
-
Commodities Call For The Colombia ETF
Monday, May 9, 2016 - 8:33am | 474Read More...When commodities swooned over the past two years, plenty of emerging markets and the corresponding exchange-traded funds felt the pain. The Global X MSCI Colombia ETF (NYSE: GXG) was among those ETFs, losing an average of 34 percent in 2014 and 2015. Commodities' Swoon And Subsequent Rebound Those...
















