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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...]

The Oil Industry: We’re A Few Months Away From $100 Oil, Here Are Three Ways To Profit

Fri, 13 Nov 2009 14:34:01 GMT

It’s the oil industry’s version of War and Peace. I’ve spent this week poring over the 2009 volume of the International Energy Agency’s (IEA) World Energy Outlook. All 698 pages of it. And what I’ve read so far sends shivers down my spine. Let’s start with the good news…[More...]

Water Stocks Sector Close –Up; Market Opportunity For Remediating Oil-Contaminated Water

Wed, 12 Aug 2009 14:39:41 GMT

Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks by Lisa Springer CFA, Equity research analyst, on the market opportunity for remediating oil- contaminated water.[More...]

Halliburton Wins Pemex Contract

Fri, 24 Jul 2009 13:53:25 GMT

Yesterday, Petroleos Mexicanos (also known as Pemex), Mexico’s state oil company, said that it has awarded a contract to Houston-based oilfield service provider – Halliburton Company (HAL) – to drill 170 wells at the large Chicontepec oil basin.? Pemex said that the deal, worth approximately $159 million, will last three years and involve four drilling rigs. Halliburton is expected to commence work on the Chicontopec fields (in northern Mexico) from the next month. This will mark the oilfield services giant’s debut in an area where its competitors Schlumberger Limited (SLB) and Weatherford International (WFT) already have an established[More...]

Boone Pickens' Hedge Fund BP Capital: Licking Wounds (13F Filing Q1 2009)

Thu, 11 Jun 2009 16:18:00 GMT

This is the 1st Quarter 2009 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings series preface. Next up, we have BP Capital. With all the commotion surrounding energy these days, it never hurts to track[More...]

Inventory Drop Supports Oil Rally

Thu, 11 Jun 2009 04:42:17 GMT

A bigger-than-expected drop in crude oil inventories and the seasonal uptick in gasoline demand is helping sustain the spectacular rally in crude oil prices that has pushed the commodity to a new high for the year. While an improving economic outlook and favorable currency moves account for the bulk of the commodity's gains, recent moves on the inventory front have also been helpful. Crude oil stockpiles, still at multi-year highs, have been steadily coming down over the last few weeks. Including today's report from the Energy Information Administration (EIA), crude oil inventories have dropped in four of the last five weeks. We continue to believe that there are good fundamental underpinnings for the ongoing oil rally. We continue to favor early-cycle leverage through oilfield service names, such as Weatherford ([More...]

Big, Positive Surprise In Jobs Data

Fri, 05 Jun 2009 15:58:56 GMT

May Job Loss Shockingly Much Lower Than Forecast Just 345,000 jobs were lost last month, the smallest decline since last September. The unemployment rate, however, rose to 9.4% -- its highest level since August 1983. The nonfarm payrolls number is shocking. The drop was less than even the most optimistic forecasts had predicted. A smaller-than-expected drop in construction and temporary jobs appears to have played the biggest role in keeping the losses from being worse. Adding to the surprise was an improvement in April's job losses. The Labor Department now says 504,000 jobs were cut in April, versus the original estimate of 539,000 losses. Though the positive surprise in nonfarm payrolls is very welcome, it is important to realize that the economy continues to contract. A smaller number of[More...]

Commodities Rally; Forecasts Don't

Wed, 03 Jun 2009 21:50:12 GMT

Commodity prices have been soaring. Oil, gold, copper, wheat and corn all recently hit multi-month highs. Even the Duke Brothers are making a mint on orange juice futures. A steady stream of economic data showing a slower pace of deterioration in the U.S. has been the primary driver behind the recent surge. Also playing a role is the combination of a higher tolerance for risk, weekly fluctuations in inventories, the spring planting season, the dollar and sustained growth in China. What's interesting about the rally is that it has yet to translate into higher earnings estimates for commodity-related companies. Agriculture Companies Wheat and corn futures recently set 8-month highs. Other agricultural-related futures have also soared, such as coffee. Profit forecasts for agricultural companies, however, have been trending[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...]

The Meek Continue To Dominate Equities

Mon, 27 Apr 2009 05:49:10 GMT

Early in April after a month long run off the bottom I posted a list of equities that gained at least 60% in the preceding 4 weeks (Apr 5: The Meek Shall Inherit the Earth: 92 Stocks Over $10 Returning 60%+) The list was a whose who of beaten down merchandise. Generally, by week 4-5 of an oversold rally these type of names begin to peter out but the ramp has been relentless in lower quality, low price stocks. My gut tells me quant (and other varieties) of hedge funds have been shorting these names, using fundamental reasons - expecting some pullback after huge runs - only to be run over again and again even in week 6 and 7 of this rally. All it takes nowadays is saying "business has stabilized at the worst levels we've seen in decades" to elicit glee and massive short covering rallies. While the market was flattish last week, I[More...]

Pickens increases holdings in natural gas producers

Tue, 17 Nov 2009 15:47:00 GMT

T. Boone Pickens, the billionaire energy investor, increased stakes in U.S. natural-gas producers and added companies such as McMoRan Exploration Co. and SandRidge Energy Inc. to his portfolio.
Pickens also reported stakes in Gastar Exploration Ltd., Hess Corp. and Weatherford International Ltd.
BP Capital increased stakes in such companies as Anadarko Petroleum Corp., Cabot Oil & Gas Corp., Chesapeake Energy Corp., Devon Energy Corp. and Forest Oil Corp. during the three-month period that ended Sept. 30, according to the filing.

: iStockAnalyst.com Symbols Feed

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

The Oil Industry: We’re A Few Months Away From $100 Oil, Here Are Three Ways To Profit

Water Stocks Sector Close –Up; Market Opportunity For Remediating Oil-Contaminated Water

Halliburton Wins Pemex Contract

Boone Pickens' Hedge Fund BP Capital: Licking Wounds (13F Filing Q1 2009)

Inventory Drop Supports Oil Rally

Big, Positive Surprise In Jobs Data

Commodities Rally; Forecasts Don't

Outlook Analysis : Oil & Gas Industry

The Meek Continue To Dominate Equities

Pickens increases holdings in natural gas producers

Schlumberger Says Profit Down, Drilling Recovery 'Fragile'

Weatherford Q3 Net Income Decreases

Pemex confirms review of work in Chicontepec region

Halliburton Sees Signs of Recovery in Oil Patch

Halliburton Sees Signs of Recovery in Oil Patch

TNK-BP Sells Oil Field Services Enterprises to Weatherford

Houston Chronicle Loren Steffy Column

Oil Services Giant Focuses on Year End

Schlumberger Profit Slides, but Beats Estimates

PicksThatMove.com Announces Investment Opinion on Ivernia Inc., Weatherford International Ltd., Brocade Communications Systems Inc., Instacare Corp. and Gold Wheaton Corporation

UBS Investment Bank Expands Energy Banking Team With the Addition of 18 Investment Bankers

BenchmarkJournal.Com Free Analyst Review for AXL, TNE, WFT, BVN, BBY and XLNX

Weatherford Announces Conference Call

TNK-BP and Weatherford International Complete Oil Field Services Transaction

Weatherford Reports Second Quarter Results ; $0.10 Per Diluted Share, Excluding Severance and Investigation Costs

Weatherford Reports Second Quarter Results

Weatherford Announces Conference Call

CanArgo Energy Corporation: Q1 Results 2009

Weatherford Agrees to Acquire TNK-BP Oil Field Services

Form 4 WEATHERFORD INTERNATIONA For: Nov 30 Filed by: FERGUSON STUART E (10K)

Form 4 Weatherford Internationa For: Nov 30 Filed by: Hoyer Carel (10K)

Form 4 WEATHERFORD INTERNATIONA For: Nov 24 Filed by: MACAULAY WILLIAM E (10K)

Form 4 FERGUSON STUART E For: Oct 30 (10K)

Form 4 Hoyer Carel For: Oct 30 (10K)

Form 4/A Hoyer Carel For: Sep 30 (10K)

Form 4/A Becnel Andrew P For: Oct 01 (10K)

Form 4 Jacobson William B For: Oct 01 (10K)

Form 4 Fontana Peter Thomas For: Oct 01 (10K)

Form 4 Hudgins James M For: Oct 01 (10K)