Shale

Anadarko Petroleum Corporation (NYSE: APC) has bought assets in the Gulf of Mexico (GoM) for $2 billion in cash and decommissioning obligation. Morgan Stanley’s Evan Calio views this transaction as “highly accretive.” Calio maintains an Overweight rating on the company, while...

Janney has started coverage of CONE Midstream Partners LP (NYSE: CNNX) with a Buy rating, saying the company offers investors exposure to a "top tier natural gas shale formation at a reasonable valuation." The brokerage sees volumes in the core Marcellus growing post 2017 to meet U.S. natural gas...

Drexel Hamilton raised the price target on the shares of Cabot Oil & Gas Corporation (NYSE: COG) to $35 from $31, saying that its review of the firm's pipeline transport and sales additions indicate a strong likelihood that its Marcellus shale natural gas production could double over the next...

The future of U.S. energy is lining up to be a battle between shale gas and renewables, a development which might leave U.S. nuclear energy in the dark. According to Goldman Sachs analyst Michael Lapides, lower energy prices driven by the U.S. shale gas revolution is forcing the retirement of...

Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...

The merger between FMC Technologies, Inc. (NYSE: FTI) and Technip (Technip SA (ADR) (OTC: TKPPY)) offers little upside, according to a note from Citi, which said the deal "follows similar steps" taken by peers in the space "as offshore fights to lower costs." M&A Talks "We see the move as...

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...

The global oil market may be rebalanced well before many investors expect. According to Bernstein analyst Bob Brackett, oil-levered E&Ps will be some of the major beneficiaries once the oil market reaches equilibrium in the second half of this year. “We believe that robust demand...

The recent surge in oil prices from 13-year lows back in February may have potentially saved a handful of U.S. shale producers, but it has created some difficult hedging decisions for the entire industry. Oil producers have the option of using hedging to lock in current oil prices for 2017 and...

The heavily traded and much maligned United States Oil Fund LP (ETF) (NYSE: USO), which tracks West Texas Intermediate futures, is up 8.6 percent over the past five days, while U.S. benchmark crude for March delivery is higher by 9.4 percent over the same period. Under any circumstances, those are...

In a new report, A.B. Bernstein analyst Bob Brackett looked at the boom and bust of the U.S. shale revolution. Starting in 2006, U.S. gas supply grew 28 BCFD (44 percent), including explosive growth in Arkansas (341 percent), West Virginia (449 percent) and Pennsylvania (2,579 percent). In...

As was widely noted last year, one of the most significant headwinds faced by the U.S. high-yield corporate debt market and the corresponding exchange-traded funds was oil. Tumbling oil prices drained the financial positions of an array of mid- and small-cap shale producers, prompting scores of...

A new Reuters report on the hedging positions of the 30 largest U.S. shale companies shows that only about one third of the companies chose to add to hedges and lock in $60/bbl crude oil prices during Q2. For now, many companies are holding off for a rebound in crude prices, but bounceback has...