Oil & Gas

If you want to know why many analysts expect S&P 500 Q1 earnings to fall, look no further than the Energy sector. Companies that suck crude out of the earth, process it, and sell refined products to consumers could face a worse than 20% year-over-year earnings decline, assuming Wall Street...

Wall Street took on a slightly green tint early Wednesday as investors sorted through another bag of hot, fresh earnings. Morgan Stanley’s (NYSE: MS) latest quarter got an early thumbs up from investors, but Netflix.com, Inc. (NASDAQ: NFLX) appeared to get a thumbs down. Morgan Stanley...

Markets are on the cusp of a lot of news, but none has broken yet. This week brings a Brexit deadline, a European Central Bank (ECB) meeting, Fed minutes, and the start of earnings season, but for now, that’s all in the future and stocks don’t appear to be moving too far one way or...

--Oil prices fell. They fell by a lot. The price of West Texas Intermediate crude oil, the U.S. benchmark, settled Thursday, December 13 at $52.58/barrel on the CME (formerly the Chicago Mercantile Exchange). The price of ultra low sulfur diesel on the CME settled that day at $1.8765/gallon. By the...

Oil was one of 2016's best-performing commodities and that was, predictably, a boon for the energy sector and the relevant exchange-traded funds. The energy sector was the top group in the S&P 500 in 2016; the Energy Select Sector SPDR (ETF) (NYSE: XLE), the largest equity-based energy ETF...

The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....

The defeat of Hillary Clinton to Donald Trump in the 2016 U.S. presidential election has led to contrasting reactions within the energy sector, particularly regarding coal and solar stocks. Trump's Energy Plans The Trump win is seen as a boost to coal producers, as he intends to revive the...

Despite all the commotion about this being a good year for commodities, the iShares S&P GSCI Commodity-Indexed (ETF) (NYSE: GSG) is flat year-to-date. That condition is unlikely to persist after the results of Tuesday's presidential election start trickling in. The Climate As has been...

Following continued chatter regarding the General Electric Company (NYSE: GE)–Baker Hughes Incorporated (NYSE: BHI) deal, here is a compilation of sell-side analysts' takes on the soon-to-be spun off combined unit's separate publicly traded energy services company. Baker Hughes' Competitive...

General Electric Company (NYSE: GE) is merging its oil and gas (O&G) business with Baker Hughes Incorporated (NYSE: BHI) in a complex deal, creating a “digital industrial company” in the oilfield services sector and a stronger rival to Schlumberger Limited. (NYSE: SLB). Baker Hughes...

Shares of Baker Hughes Incorporated(NYSE: BHI) slid 6 percent on Monday, versus a 2 percent decline in the OSX, on concerns surrounding the economics of the deal with General Electric Company (NYSE: GE). Although the financials of the deal are disappointing, the merger makes “a ton of sense...

After U.S. oil giants Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) chimed in contrasting third-quarter results, with the former reporting year-over-year declines in earnings while the latter swung to a net profit, it was déjà vu in Europe. BP plc (ADR) (NYSE: BP) and...

Baker Hughes Incorporated (NYSE: BHI) shares were surging higher early Monday following an official announcement of a deal with General Electric Company (NYSE: GE). While the merger/spinoff deal is certainly good news for Baker Hughes shareholders, the terms of the deal are far from the typical...

General Electric Company (NYSE: GE) hasn't been afraid to use its massive size and scope to pursue multi-billion acquisitions, even though the strategy has been criticized by a major investor. The company's latest large-scale M&A consists of buying the oil services giant Baker Hughes...

There is potential for several positive catalysts over the next 12 months that could unlock value at Chevron Corporation (NYSE: CVX), Goldman Sachs’ Neil Mehta said in a recent report. He upgraded the rating on the company from Neutral to Buy and added the stock to the Conviction List. The 12...