Stock Blog Hub » Oil & Gas Drilling & Exploration

(MWE) MarkWest Energy Partners’ Unit Signs Gas Deals

vitalstocks — Thu, 17 Sep 2009 18:48:15 +0000

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 (STO) to process gas at its proposed facility in Majorsville, West Virginia. MarkWest Liberty is a partnership between natural gas [...]

(MWE) MarkWest Energy Partners’ Unit Signs Gas Deals

(PBR) Oil & Gas Industry – Zacks Analyst Interviews

vitalstocks — Tue, 15 Sep 2009 17:07:11 +0000

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 [...]

(PBR) Oil & Gas Industry – Zacks Analyst Interviews

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

vitalstocks — Tue, 15 Sep 2009 17:05:58 +0000

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 Zacks #1 Rank Non-US Equity Funds. 3 Great Examples RS Emerging Markets A (GBEMX) seeks long-term capital appreciation by investing [...]

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

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

vitalstocks — Mon, 14 Sep 2009 20:55:04 +0000

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

(NBR) Nabors Industries- Bear of the Day

vitalstocks — Fri, 11 Sep 2009 16:54:04 +0000

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 Alaska sub-segment. However, results were significantly below year-earlier levels, reflecting a sustained slowdown in North American activity levels. We remain concerned [...]

(NBR) Nabors Industries- Bear of the Day

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

vitalstocks — Wed, 09 Sep 2009 22:16:41 +0000

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 states of the U.S. The company’s current reserve is estimated to be nearly 66 million barrels of oil equivalents. Hit By Energy [...]

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

(STO) StatoilHydro ASA Finds New Reserves

vitalstocks — Wed, 09 Sep 2009 00:43:23 +0000

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. Based on preliminary calculations, the size of the find [...]

(STO) StatoilHydro ASA Finds New Reserves

(NBR) Patterson-UTI Energy Rig Count Edges Up

vitalstocks — Fri, 04 Sep 2009 23:14:00 +0000

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 U.S. and 2 rigs [...]

(NBR) Patterson-UTI Energy Rig Count Edges Up

(STO) Statoil’s Positive Production Outlook

vitalstocks — Thu, 03 Sep 2009 23:48:25 +0000

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 Asgard B platform will be considered. The company said that production may [...]

(STO) Statoil’s Positive Production Outlook

(EVEP) EV Energy Partners Earnings Estimates are Rising

vitalstocks — Wed, 02 Sep 2009 20:27:46 +0000

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 and operates oil and gas properties. Fields are located in Ohio, West Virginia, and Louisiana. Another Surprise On [...]

(EVEP) EV Energy Partners Earnings Estimates are Rising

(STO) Statoil Wins New Drilling Permit

vitalstocks — Tue, 01 Sep 2009 17:40:06 +0000

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” wells (those drilled in an area where no current oil or gas production exists) on the license using semi-submersible [...]

(STO) Statoil Wins New Drilling Permit

(ARD) Rising Oil Means Invest Small and Local

InvestmentU — Thu, 27 Aug 2009 19:22:22 +0000

by The Investment U Research Team After it’s recent run-up, oil has pulled back to just over $70. It’s moved the stock prices of a number of producers and distributors as the markets have churned recently. But even though it’s price has leveled off and supplies are relatively up and steady, oil is going to [...]

(ARD) Rising Oil Means Invest Small and Local

(RIG) Transocean Scores a New Deepwater Contract

vitalstocks — Wed, 26 Aug 2009 21:07:05 +0000

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 the expiry of Sedco’s current contract as well as completion of maintenance work and mobilization. [...]

(RIG) Transocean Scores a New Deepwater Contract

(PDE) Pride International Completes Seahawk Drilling Spin-off

vitalstocks — Wed, 26 Aug 2009 15:28:41 +0000

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 15 shares of Pride, stockholders would receive one share of Seahawk, besides a cash payment [...]

(PDE) Pride International Completes Seahawk Drilling Spin-off

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

vitalstocks — Tue, 25 Aug 2009 16:07:56 +0000

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 Mexico and Texas. Concho also is involved in several emerging plays. Huge Surprise On Aug 3 the company reported second-quarter results [...]

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

(NBR) Nabors Hurt by North American Drilling Business

vitalstocks — Mon, 24 Aug 2009 21:08:52 +0000

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 of commodity-price weakness and credit market tightness is weighing on the fortunes of all oilfield [...]

(NBR) Nabors Hurt by North American Drilling Business

(PBR) Petrobras found light crude in reserves

vitalstocks — Fri, 21 Aug 2009 18:59:05 +0000

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 is exclusively operated by Petrobras. Preliminary analysis indicates that the Campos [...]

(PBR) Petrobras found light crude in reserves

(DO) Diamond Offshore Drilling: Another Special Dividend

vitalstocks — Wed, 19 Aug 2009 22:35:56 +0000

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 the second quarter of 2009, Diamond declared a regular dividend of $0.125 and the 8th [...]

(DO) Diamond Offshore Drilling: Another Special Dividend

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

vitalstocks — Wed, 19 Aug 2009 21:56:52 +0000

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 per barrel in the first half of [...]

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

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

vitalstocks — Wed, 08 Jul 2009 22:37:50 +0000

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 7 cents per share. Moreover, the consensus estimate on the company’s full-year earnings [...]

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

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

Shawn — Tue, 07 Oct 2008 19:53:05 +0000

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 market. Whiting Petroleum Corp. engages in the exploration and production of [...]

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

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

Shawn — Mon, 15 Sep 2008 23:04:54 +0000

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 quarters and, on average, was 5.6% ahead of [...]

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

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

Shawn — Sat, 23 Aug 2008 23:09:11 +0000

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 at these levels. Unit Corporation operates as a contract drilling company. Unit is involved in [...]

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