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Economy, Stocks

“Oil Breaks Through $70 a Barrel. Here’s How It Could Keep Going.”

“Oil prices have rebounded even faster than most oil bulls had expected, and on Monday, oil futures briefly crossed a key threshold. West Texas Intermediate futures, the benchmark for U.S. oil, rose above $70 a barrel late on Sunday, the first… Continue Reading…

Stocks

“These energy stocks are expected by Wall Street to rise up to 37% over the next year”

“Expected earnings growth The first shows the 20 largest energy companies in the S&P 1500 by market capitalization, with their consensus earnings estimates among analysts polled by FactSet for calendar 2021 and the following three years, if available. You may… Continue Reading…

Economy

“Gas, Food, Lumber, Homes: More and More Expensive”

“Used cars, homes, lumber, gas and chicken: What do they all have in common? They’re all getting more expensive. The stimulus-fueled economy is rebounding and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain… Continue Reading…

Economy

“U.S. gasoline shortage improves, some regions still suffer hefty outages”

“Even with outages slightly easing in many states, at least a third of gas stations were without fuel in Maryland, Virginia and Georgia, according to tracking firm GasBuddy. Roughly half of the stations in the Carolinas were lacking gasoline, and… Continue Reading…

Stocks

“Top Oil Stocks To Watch In U.S. Shale As Profits Return Amid Rising Crude Demand”

“After series of takeover deals that reshuffling some shale oil stocks, Pioneer Natural Resources (PXD) now reigns as the top producer in the Permian Basin and is boosting returns to shareholders… Exxon Mobil (XOM) is the world’s largest publicly traded oil company by… Continue Reading…

Economy, Stocks

“3 Strong Oil And Gas Stocks For The Summer”

“#1. Apache Corp: Smart Hedging Strategy… During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter… Continue Reading…

Economy

“Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices”

“The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading… Continue Reading…

Economy

“Historic Oil Glut Amassed During the Pandemic Has Almost Gone”

“The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers. Barely a fifth of the surplus that flooded into the storage tanks of developed economies when… Continue Reading…

Business, Stocks

“Oil prices end higher as traders weigh latest supply update, demand prospects”

“Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories. Once traders “looked beneath the sticker shock” of a… Continue Reading…

Business, Stocks

“Exxon Rival Could Be First Oil Major To Resume Stock Buybacks”

“BP (BP) announced Tuesday that it likely hit its debt-reduction target in the first quarter, helped by assets sales and rebounding oil prices. BP stock rose.it’s now been more than a year since the coronavirus pandemic hit if you can believe… Continue Reading…