Oilfield Services

Daily Energy Market Summary: 360 DCB – 10/16/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/16/2020 – Hosted by Michael Tanner

Retail sales save the week as major industries turn green off the back of strong September retail sales information.  The Dow Jones traded 242 points higher, or 0.8%. The S&P 500 gained 0.5% and the Nasdaq advanced 0.4%. Retail sales

Schlumberger drops Q3 earnings, posts 3rd straight quarterly loss

Schlumberger drops Q3 earnings, posts 3rd straight quarterly loss

Reuters

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Top oilfield services provider Schlumberger NV SLB.N on Friday posted its third straight quarterly loss as this year’s prolonged slump in oil prices due to the COVID-19 pandemic compelled its major energy customers to shun drilling.

The company …

October 16, 2020 - 6:11 am Earnings, Oilfield Services
Daily Energy Market Summary: 360 DCB – 10/15/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/15/2020 – Hosted by Michael Tanner

Third straight red day for the overall markets as stimulus talks look unlikely, even after Sec. Mnuchin is set to talk with House Speak Pelosi later today. The Dow slid 100 points, or 0.4%, while the S&P 500 fell 0.6%.

Daily Energy Market Summary: 360 DCB – 10/14/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/14/2020 – Hosted by Michael Tanner

Major indices fall flat as Treasury Secretary Mnuchin comments on passing stimulus before the election. Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain

Daily Energy Market Summary: 360 DCB – 10/13/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/13/2020 – Hosted by Michael Tanner

Markets downs after new coronavirus vaccine is put on hold, driving major indices to the first losses in 4 trading sessions.  The Dow Jones dropped 157.71 points, or 0.6%,. The S&P 500 slid 0.6% to 3,511.93. The Nasdaq dipped 0.1%

Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

US markets trade higher to start this week as stimulus talks appear to be getting us to a place where investors are happy. The Dow Jones rose 353 points, or 1.2%. The S&P 500 gained 1.9% and the Nasdaq advanced

Daily Energy Market Summary: 360 DCB – 10/9/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/9/2020 – Hosted by Michael Tanner

Markets moved slightly upwards after Larry Kudlow reports a revised package has been agreed upon by President Trump.  Dow Jones traded over .75% higher, while tech heavy Nasdaq outgained all, up over 1.2% as $1,200 stimulus check outlook is bullish

Daily Energy Market Summary: 360 DCB – 10/8/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/8/2020 – Hosted by Michael Tanner

Mixed day for the markets as traders react to statements from both House Speak Nancy Pelosi and President Trump each give conflicting statements, driving markets sideways for a ranged bound day. The Dow Jones closed 122 points higher, or 0.4%.

Daily Energy Market Summary: 360 DCB – 10/7/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/7/2020 – Hosted by Michael Tanner

Trump tweets storm strikes again, this time sending major indices running higher amid the idea of more targeted stimulus.  President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could

Daily Energy Market Summary: 360 DCB – 10/6/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/6/2020 – Hosted by Michael Tanner

Stocks get hammered Tuesday as President Trump announces via Twitter that he is calling off stimulus talks late in the trading session.  The Dow Jones closed 375.88 points lower, or 1.3%, The S&P 500 ended the day down 1.4%. The

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Trump gets discharged from Walter Reed Hospital and sends stocks flying with majors indices finishing at least 1.5% higher.  US lawmakers also are expected to reach a stimulus agreements in the near future. House Speaker Nancy Pelosi and Treasury Secretary

Calfrac Well Services Ltd. – Open Letter to Stakeholders

Calfrac Well Services Ltd. – Open Letter to Stakeholders

Calfrac Well Services Ltd. – Open Letter to Stakeholders Canada NewsWire CA…

October 5, 2020 - 7:54 am Bankruptcy, Oilfield Services, Press Releases
Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

First show of Q4 starts out wild on the back of President Trump testing positive for COVID-19, sending the markets into a frenzy to start the show. The crew from OAG360 cover everything that happened during the crazy energy market

Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Mixed bag in the markets today as major indices give traders different views of the market.  Tech-heavy index Nasdaq trade 1.5% higher on news that a revised stimulus will include direct payments which had been a boon for the Nasdaq …

Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

All major indices up as optimism over a new stimulus package help prop up what has been a choppy September to say the least. The Dow Jones last traded up 260 points, or 0.9%, after rising 550 points at its

Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

COVID-19 concerns hit the east coast hard, driving markets to its first loss in 4 trading days. The Dow Jones Industrial Average traded 130 points lower, or 0.5%. The S&P 500 fell 0.4% while the Nasdaq Composite dived 0.1%. New

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

New week means new bullish trends as the markets rip higher today, off the back of improved stimulus talks. House Speak Pelosi is set to speak to Treasury Secretary Mnuchin today with talks ongoing today.   

Oil and Gas News

The 360 Digital Closing Bell Look Ahead–9-29-2020

The 360 Digital Closing Bell Look Ahead–9-29-2020

PACKED MONDAY on the The Oil and Gas Show 360 Digital Closing bell from the team at www.oilandgas360.com!

 

We learn early on that Michael is single because he can't "DYI" (which for those keeping track at home, its "DIY")

Source: Reuters

The Ten Things That You Should Know About Calfrac’s Amended Recapitalization Transaction

The Ten Things That You Should Know About Calfrac’s Amended Recapitalization Transaction …

September 28, 2020 - 4:49 am Canada, Canada News, International, Oilfield Services, Press Releases
Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Despite all 3 major indices finishing up 1.2% or more, stocks still finish their 4 straight week of loses as the September swoon is in full effect.  House Democrats are preparing a $2.4 trillion relief package that they could vote

The 360 Digital Closing Bell Look Ahead–9-25-2020

The 360 Digital Closing Bell Look Ahead–9-25-2020

HAPPY 50th birthday to the show as the team from OAG360 brings you everything that happened in the oil patch for this week.

Heavy international and oil major show (which Michael hates) as Shell shifts to less oil production (following

Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Thursday chop back in full force as Dow Jones swings from 300 pts up, 200 pts down (500 pt swing) finishing 40 pts below. The S&P 500 and Nasdaq Composite traded lower by 0.1% each. First-time claims for state unemployment

Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization

Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization

Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization PR Ne…

September 24, 2020 - 5:29 am Bankruptcy, Finance, Oilfield Services, Press Releases
Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020

 

September swoon in full effect as the market takes another nose dive, with the Dow Jones finishing 1.3% lower or 367 pts.  S&P 500 was down over 1.5% with Nasdaq finishing

Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Equities markets finished positive after Fed Chair Powell reiterated his stance to support the US economy. These gains on the broad markets snap a 4 session losing streak. Oil and Gas News Today What happened to crude oil today? Prices

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner


 

Huge market selloff to begin the week as the Dow Jones dropped 843 points, or 3.1%. The S&P 500 lost 2.5% while the Nasdaq Composite fell 1.6%.  Stock fell on worse than expected COVID-19 optimism and uncertainty on any

Shell launches major cost-cutting drive to prepare for energy transition

Shell launches major cost-cutting drive to prepare for energy transition

Reuters


Oil & Gas 360 Publishers Note: With ENI, BP and Shell migrating away from fossil fuels and on to renewables, the question is now being asked: “What will happen to the consumers on all products made with fossil fuels?

Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C.

Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C.

Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C. Canada NewsWi…

September 19, 2020 - 6:09 am Canada, Canada News, Oil & Gas Jobs, Oilfield Services, Press Releases
Daily Energy Market Summary: 360 DCB – 9/18/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/18/2020 – Hosted by Michael Tanner

Friday chop led to all major indices on the equities market to slump leading into the weekend. he Dow Jones slid 370 points, or more than 1%. The S&P 500 dropped 1.7% and the Nasdaq fell 2.2%. 

 

Crude oil