Oil & Gas Drilling & Exploration

(MWE) MarkWest Energy Partners’ Unit Signs Gas Deals

MarkWest Liberty Midstream & Resources – a majority-owned joint venture of MarkWest Energy Partners L.P. (MWE) – yesterday announced the signing of definitive agreements with subsidiaries of Chesapeake Energy Corp. (CHK) and Statoil Hydro ASA...

17Sep2009 | | 0 comments | Continued

(PBR) Oil & Gas Industry – Zacks Analyst Interviews

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...

15Sep2009 | | 0 comments | Continued

(PBR) Top Non-US Equity Funds – Mutual Fund Commentary

Today we are featuring top-performing “Non-US” equity mutual funds, which primarily invest in equity securities of companies located outside the United States.

Investors can find such funds by checking out the entire list of the | 0 comments | Continued

(PBR) Oil & Gas Industry – Favorable View on Stabilizing Economy

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...

14Sep2009 | | 0 comments | Continued

(NBR) Nabors Industries- Bear of the Day

Nabors Industries (NBR) second-quarter earnings of $0.32 per share topped the Zacks Consensus Estimate of $0.28 buoyed by stronger margins associated with new rig deployments in its international operations and solid performance from the...

11Sep2009 | | 0 comments | Continued

(ARD) Arena Resources, Inc – ROE Twice Industry Average

Arena Resources Inc (ARD) continues to top expectations and the Zacks Consensus Estimate is on the rise.

Company Description

Arena Resources acquires, explores, develops, and produces oil and natural gas in the south-central...

9Sep2009 | | 0 comments | Continued

(STO) StatoilHydro ASA Finds New Reserves

Integrated oil and gas major StatoilHydro ASA (STO) recently discovered a new oil and gas location in the Nona prospect, 10 kilometers south east of the Asgard field in the Norwegian Sea.

The well 6407/2-5S was drilled to a depth of 3,289 meters below sea level....

8Sep2009 | | 0 comments | Continued

(NBR) Patterson-UTI Energy Rig Count Edges Up

Yesterday, one of the largest onshore contract drillers in the U.S., Patterson-UTI Energy, Inc. (PTEN) said its August 2009 drill rig count averaged 72, up from 65 in the previous month. The company operated 69 rigs in the U.S. and 3 in Canada in August, compared to 63 rigs in the...

4Sep2009 | | 0 comments | Continued

(STO) Statoil’s Positive Production Outlook

After drilling an appraisal well in the northeastern segment of the Smorbukk deposit (part of the Asgard field in the Norwegian Sea), StatoilHydro (STO) has confirmed the existence of oil, gas and condensate.

The result is encouraging, and development in association with the...

3Sep2009 | | 0 comments | Continued

(EVEP) EV Energy Partners Earnings Estimates are Rising

EV Energy Partners (EVEP) is leading its industry, estimates are on the rise, and the partnership just reported its third earnings surprise in the past year.

Company Description

EV Energy Partners is a Master LP that acquires...

2Sep2009 | | 0 comments | Continued

(STO) Statoil Wins New Drilling Permit

Recently, Norway-based energy firm StatoilHydro ASA (STO) gained a permit from the country’s top petroleum resources regulatory agency, the Norwegian Petroleum Directorate, to drill wellbore 25/2-17 in production license 442.

The company plans to drill “wildcat”...

1Sep2009 | | 0 comments | Continued

(RIG) Transocean Scores a New Deepwater Contract

The world’s largest offshore driller, Transocean Ltd. (RIG), bagged a 455-day contract for its ultra-deepwater semisubmersible rig Sedco Express from a subsidiary of Noble Energy Inc. (NBL). The contract is expected to commence in the third quarter of 2010 after...

26Aug2009 | | 0 comments | Continued

(PDE) Pride International Completes Seahawk Drilling Spin-off

Pride International Inc. (PDE) completed the spin-off of Seahawk Drilling Inc. – a former subsidiary of Pride that owns 20 mat-supported jackup rigs operating in the Gulf of Mexico (GoM) – as a stock dividend to existing shareholders. For every...

26Aug2009 | | 0 comments | Continued

(CXO) Concho Resources Inc. – Earned 34 Cents vs. 19 Cents Estimated

Concho Resources Inc (CXO) remains volatile, but bullish, following its latest earnings report.

Company Description

Concho Resources is an oil and natural gas exploration company. Most of the company’s properties are located in New...

25Aug2009 | | 0 comments | Continued

(NBR) Nabors Hurt by North American Drilling Business

Our Underperform recommendation for Nabors Industries (NBR) reflects our bearish view of the North American land-drilling scene, which accounts for more than two-thirds of the company’s total contract drilling earnings. The drop-off in drilling activities in response to the combination...

24Aug2009 | | 0 comments | Continued

(PBR) Petrobras found light crude in reserves

Petroleo Brasilerio, also known as Petrobras (PBR), found light crude in reserves situated in the Campos Basin off the coast of the state of Rio de Janeiro. The discovery was made by drilling well 1-BRSA-713-RJS (1-RJS-661) in Exploratory Concession BM-C-36 (block C-M-401). This block...

21Aug2009 | | 0 comments | Continued

(DO) Diamond Offshore Drilling: Another Special Dividend

Houston-based Diamond Offshore Drilling, Inc. (DO) has meticulously remained committed to returning excess cash to shareholders through special dividends. Since the beginning of 2006, in addition to its regular dividend the company has regularly been paying a special dividend.

For...

19Aug2009 | | 0 comments | Continued

(PBR) Petrobras Fights Back – continuous increase in demand in Brazil

Last Week, Petroleo Brasileiro SA or Petrobras (PBR) posted negative second-quarter results, which were in line with expectations due to the huge slump in oil prices in 2009 from the last year. Fall in oil price from $109 per barrel in the first half of 2008 to $52...

19Aug2009 | | 0 comments | Continued

(SD) Sandridge Moves Into Oversold Territory – Zacks Tale of the Tape

Sandridge Energy Inc.’s (SD) share price has entered into oversold territory with a stochastic value of 19.12. The Zacks #1 Rank (“Strong Buy”) stock has topped the consensus forecast in each of the last 4 quarters with an average surprise of 100.85%, or...

8Jul2009 | | 0 comments | Continued

(WLL) – Whiting Petroleum – next-year estimate is bullish as well, pegged at $9.33 per share, a 13% earnings growth

Whiting Petroleum Corp. (WLL) continues to reap big profits from higher energy prices. The company’s recently reported second-quarter results were awesome, analysts are projecting strong earnings growth into the next-year period and its share price is trading at a big discount to the overall...

7Oct2008 | | 0 comments | Continued

(HP) – Helmerich & Payne – 8 of 9 covering analysts have estimates pegged at $5.30 per share

Helmerich & Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net income of $125.4 million for the third quarter, compared to the previous year’s $115.2 million. The oil & gas driller missed Wall Street earnings expectations only once over the past five consecutive...

15Sep2008 | | 0 comments | Continued

(UNT) – Unit Corporation – able to achieve a 21% increase in its total oil and natural gas production

Unit Corporation’s (UNT) share price recently reversed its downward slide, bouncing from a key level and once again initiating its upward trajectory. The company’s second-quarter results were awesome, and based upon analyst earnings projections, this stock looks very undervalued trading...

23Aug2008 | | 0 comments | Continued