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EIA Reports Surprise Gas Build - Analyst Blog

Fri, 04 Dec 2009 18:36:55 GMT

In its weekly release yesterday, the Energy Information Administration (EIA) reported a surprise 2 billion cubic feet (Bcf) addition to natural gas stockpiles for the week ended November 27, far off analyst expectations that hoped for inventories to remain flat, or possibly even show a drawdown. This takes the current storage level to a new record high of 3.84 trillion cubic feet (Tcf), which is up 14.0% from last year's level and 14.5% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 470 Bcf above last year’s level and 487 Bcf above the five-year average. The inventory addition was in sharp contrast to the five-year-average net withdrawal of 43 Bcf and last year's drawdown of 64 Bcf.?? ? ? The relentless increase in gas storage levels has meant that[More...]

The Oil Services Industry's 3Q--A Fragile Recovery

Fri, 04 Dec 2009 14:17:26 GMT

We look back at the industry's third quarter and offer early thoughts on 2010.[More...]

Gas Gains With Nabor's Industries (NBR)

Mon, 17 Aug 2009 14:18:48 GMT

"The US natural gas storage cycle is fairly straightforward: More gas is consumed in winter than in summer because natural gas is a key source of heat," explains energy sector specialist Elliott Gue. In his industry-leading The Energy Strategist, the makes a bullish case for natural gas as well as contract driller Nabor's Industries (NYSE: [More...]

Early Week Earnings Watch

Mon, 20 Jul 2009 14:10:12 GMT

2nd of the 3 big weeks for S&P 500 type companies arrives; last week was an unqualified success of setting expectations low, cutting expenses aggressively and beating very slow to adjust analysts expectations. Now with the bar raised higher as expectations ramped up, I expect the sledding to be a bit tougher. Here are names of interest in the early part of the week; with names the market will be watching and some additional ones that I like to look at. Tuesday will be the more interesting day. I forgot about earnings knee jerk reaction time, when I shorted American Express (AXP) and Capital One (COF) late Friday; both report Thursday so despite extreme overvaluations and gaps in each chart I'll be heading to the sidelines before then on the 2 positions.[More...]

Stockpiles Pressuring Natural Gas

Fri, 12 Jun 2009 15:25:06 GMT

Growing Stockpiles Weigh on Natural Gas Prices The Energy Information Administration (EIA) reported today another 100 billion plus addition to natural gas stockpiles, highlighting the commodity's weak supply-demand fundamentals. Continued strength in domestic production despite the massive retrenchment in drilling activities from last summer's peak level and recessionary industrial demand has resulted in a major storage overhang. As this chart from the EIA clearly shows, natural gas in storage has reached approximately 2.4 trillion cubic feet, which is up 30.3% from last year's level and 21.8% above the five-year range. As a result, natural gas has been a less-than-enthusiastic participant in[More...]

Avoid Gassy Names!

Sat, 23 May 2009 16:49:56 GMT

Highlights include Nabors Industries Ltd. (NBR), Patterson-UTI Energy, Inc. (PTEN), BJ Services Co. (BJS), EnCana Corp. (ECA), EOG Resources, Inc. (EOG) and Chesapeake Enery Corp. (CHK). Growing optimism about the economic outlook has pushed the equity markets significantly higher from the March 2009 lows. Crude oil and most of the other commodities have been active participants in the rally. As this first chart shows, natural gas has largely been[More...]

Outlook Analysis : Oil & Gas Industry

Thu, 21 May 2009 14:33:00 GMT

The emerging positive narrative of a favorable outlook for the U.S. economy has done wonders for the markets, particularly equities and commodities. The broad equity markets as well as most commodity groups are up smartly from their early-March lows. Crude oil's gains have been even more impressive, given its heavy leverage to the health of the global economy. Our view is that oil should be able to hold onto its recent gains and consolidate around current levels, provided this favorable economic view remains in place. While we have greater confidence in the staying power of the current oil rally, this does not mean that we will not see any short-term pullbacks. On the whole, we expect oil prices in 2010 to be higher than the 2009 levels, but remain significantly below the 2008 peak levels. Crude oil's near-term fundamentals remain dismal, to say the least. Inventories in the U.S. are at 18-year highs and remain bloated worldwide. Demand remains[More...]

A Look At Energy With Oil Racing Back To $60

Tue, 12 May 2009 21:26:42 GMT

Oil, like many investment vehicles had been battered along the hard road from peaks in 2007 nearing $150. The fall in fact, had been so dramatic that prices for the commodity were down to $34 a barrel in February of this year. Set against the backdrop of American economic problems and the ongoing 'Carpocalypse' the slide in oil is completely understood. However, of late, things are changing, and with a resurgence of market participation in the last 2 months, oil has enjoyed a steady climb and has now almost doubled off its lows. The traditional American big oil names have held steady as Exxon Mobil (XOM) is down 5% in the last 3 months, and up 1% in the last month, while competitor Chevron (CVX) has been virtually flat for 3 months. Nothing to light the socks off in any portfolio. These big names, which have enjoyed[More...]

Oil Rally May Have Legs

Fri, 08 May 2009 15:15:00 GMT

Highlights include Exxon Mobil Corp. (XOM), Schlumberger, Ltd. (SLB), Transocean Ltd. (RIG), Nabors Industries Ltd. (NBR), Patterson-UTI Energy Inc. (PTEN), BJ Services Co. (BJS), XTO Energy Inc. (XTO) and Chesapeake Energy Corp. (CHK). Oil prices have moved up impressively in the recent past, up almost 18% in the last four[More...]

Flood Of Earnings Begin - Monday/Tuesday Preview

Mon, 20 Apr 2009 17:14:28 GMT

Long time readers will know our love/hate relationship with earnings season. As information hogs we love more data; but as stock market participants we hate the massive overreactions to companies based on 90 days of business and a penny here or there in earnings per share, or +/- 1-2% of revenue on the top line. But this is the only game in town and if certain companies should win or lose 20-30% of their market value within seconds of the all important press release is not up to us; this is the market "we've" created. So we'll gap up or down in many individual stocks, and the market as a whole based on 1-2 "important" companies that - based on a few pennies here or there - shift the entire complexion of a $14 Trillion economy. Or so the pundits will opine. In most cases, I will be cutting back positions going into earnings since they have become 50/50 propositions with completely unknown risks v returns as lemmings rush in (or out). [More...]

Crude Prices Spark an Urge to Drill

Tue, 27 Oct 2009 15:46:00 GMT

NEW YORK -- With oil up near $80 a barrel, drilling companies are ready to dust off idled rigs and kick-start a global production network that thrives on high energy prices.
They say oil prices are finally at a level that gets drillers excited.
As the oil industry begins reporting third-quarter earnings, the rebound in crude prices may lead to more jobs in the oil patch as companies spread out in search of more petroleum, especially shale gas deposits worldwide.

: iStockAnalyst.com Symbols Feed

EIA Reports Surprise Gas Build - Analyst Blog

The Oil Services Industry's 3Q--A Fragile Recovery

Gas Gains With Nabor's Industries (NBR)

Early Week Earnings Watch

Stockpiles Pressuring Natural Gas

Avoid Gassy Names!

Outlook Analysis : Oil & Gas Industry

A Look At Energy With Oil Racing Back To $60

Oil Rally May Have Legs

Flood Of Earnings Begin - Monday/Tuesday Preview

Crude Prices Spark an Urge to Drill

Surging oil has petro companies drilling again

CIRI Moving Forward With Fire Island Wind Project

Houston Chronicle Loren Steffy Column

Low Gas Price Cuts Nabors Earnings

Nabors CEO's 2008 compensation more than doubles

Nabors' First Quarter EPS Equals $0.65 Before $75 Million in Pre- Tax Non-Cash Ceiling Test Adjustments

Credit Crunch Stalls Drilling

Rusk Mining Company Seeking Well Permits

Energy Companies Find Money Pipeline is Open Again

Ridgewater Equity Completes Analytical Study of Equities Within Financial & Basic Materials Sectors

RidgewaterEquity.com Free Fundamental Sector & Market Research on COG, NEM, ODP, DAL, NBR and PPG

Nabors Industries Ltd. Third Quarter 2009 Earnings Conference Call Invitation

Nabors 2Q 2009 EPS Equals $0.32 Excluding Non-Cash Items

Nabors Expects 2Q2009 Results to Include Approximately $240 Million in Non-Cash Charges

Nabors Industries Ltd. Second Quarter 2009 Earnings Conference Call Invitation

Nabors Announces Realignment of Nabors Well Services Ltd. Management

Ellsworth Fund Ltd. Announces Earnings and Financial Update

Nabors Expands its Board, Appointing John V. Lombardi as a Director

Nabors' First Quarter EPS Equals $0.65 Before $75 million in Pre-tax Non-Cash Ceiling Test Adjustments

Form 4 NABORS INDUSTRIES LTD For: Dec 02 Filed by: WHITMAN MARTIN J (10K)

Form 4 NABORS INDUSTRIES LTD For: Nov 09 Filed by: SCHMIDT HANS (10K)

Form 4 PETRELLO ANTHONY G For: Nov 06 (10K)

Form 4 Lombardi John V For: Sep 30 (10K)

Form 4 SHEINFELD MYRON M For: Aug 03 (10K)

Form 4 PETRELLO ANTHONY G For: Jun 30 (10K)

Form 4 Lombardi John V For: Apr 23 (10K)

Form 3 Lombardi John V For: Apr 23 (10K)

Form 4 KOCH BRUCE For: Apr 01 (10K)

Form 4 Andrews Mark D For: Mar 10 (10K)