Oilfield Services

Daily Energy Market Summary: #150 – 11/2/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #150 – 11/2/2020 – Hosted by Michael Tanner

Markets open this week up ahead of the US election, with polls opening nation wide tomorrow morning.  Stocks rose mainly of the theme that the election with be smoother than expected. Majors indices traded mostly flat, with NQ seeing a

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V.

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V.

Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V. …

Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction

Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction

Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction …

November 2, 2020 - 6:00 am Bankruptcy, Oilfield Services, Press Releases
Daily Energy Market Summary: #149 – 10/30/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #149 – 10/30/2020 – Hosted by Michael Tanner

Markets end the week red off fresh highs in COVID-19 cases and stimulus talks break down, driving the Dow Jones down over 450 pts.  Tech shares lag as $AAPL reports weaker earnings off the back of slumping iPhone sales.

  • S&P
Liberty Oilfield reports smaller-than-expected loss, sees frac fleet growth

Liberty Oilfield reports smaller-than-expected loss, sees frac fleet growth

Reuters

(Reuters) – Liberty Oilfield Services LBRT.N reported a smaller-than-expected quarterly loss on Tuesday and forecast sequential growth in active frac fleets, as producers restore oil volumes, driven by an uptick in prices.

Frac fleets refer to equipment, labor, vehicles …

October 30, 2020 - 5:58 am Industry Insights & Opinions, Oilfield Services
Daily Energy Market Summary: #148 – 10/29/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #148 – 10/29/2020 – Hosted by Michael Tanner

Bulls are back! Stock soar ahead of big tech earnings and better than expected GDP growth for the US. U.S. gross domestic product for the third quarter expanded at a 33.1% annualized pace, its fastest growth ever. The reading came

Parsley Energy Announces Third Quarter 2020 Financial And Operating Results

Parsley Energy Announces Third Quarter 2020 Financial And Operating Results

Parsley Energy Announces Third Quarter 2020 Financial And Operating Results PR …

Daily Energy Market Summary: #147 – 10/28/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #147 – 10/28/2020 – Hosted by Michael Tanner

Another day, another red showing for all major indices as COVId-19 lockdown concerns sweep over the markets.  Dow Jones finishes below 27,000 for the first time since mid April as investor swarm to save-haven assets.  Even NQ takes a hit,

Liberty Oilfield Services Inc. Announces Third Quarter 2020 Financial and Operational Results

Liberty Oilfield Services Inc. Announces Third Quarter 2020 Financial and Operational Results

Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Comp…

October 28, 2020 - 5:27 am Earnings, Oilfield Services, Press Releases
Daily Energy Market Summary: #146 – 10/27/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #146 – 10/27/2020 – Hosted by Michael Tanner

Stocks fall again amid renewed COVID-19 pressures ahead off the 2020 presidential election. Major indices (beside NQ) turn red toward the end of the session, with NQ finding slightly green action due to stay at home orders

  • S&P 500: -.09%
Daily Energy Market Summary: 360 DCB – 10/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/23/2020 – Hosted by Michael Tanner

Indices remain flat as hopes of a stimulus agreement before the election were dashed by poor sentiment and a tweet from President Trump.

 

 “We’ve offered compromises, the speaker on a number of issues is still dug in,” said Treasury

Daily Energy Market Summary: 360 DCB – 10/22/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/22/2020 – Hosted by Michael Tanner

More stimulus news inches major indices green as Pelosi said Thursday a deal on new coronavirus aid was “just about there.” She also said: “If we were not making progress, I wouldn’t spend five seconds in these conversations.

Source: patenergy.com

Patterson-UTI sees drilling activity picking up through early next year

Reuters


U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.

The company, which offers contract drilling …

October 22, 2020 - 11:30 am Crude Oil News, Energy News, Oilfield Services, Uncategorized
Daily Energy Market Summary: 360 DCB – 10/21/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/21/2020 – Hosted by Michael Tanner

Markets chop between gains and losses as stimulus talks continued into the afternoon, with major indices flat to end the trading session.  S&P 500 was up .25%, while positive SNAP earnings pump tech stocks higher at .7% for NQ.  Dow

Baker Hughes Company Announces Third Quarter 2020 Results

Orders of $5.1 billion for the quarter, up 4% sequentially and down 34% year-over-y…

October 21, 2020 - 5:27 am Earnings, Finance, Oilfield Services, Press Releases
Daily Energy Market Summary: 360 DCB – 10/20/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/20/2020 – Hosted by Michael Tanner

Roller coaster day for the equites markets as stimulus talks spur green indices, but slump as the market closed and stimulus hopes faded. The Dow Jones closed 113.37 points higher, or 0.4%, at 28,308.79. The 30-stock average was briefly up

Daily Energy Market Summary: 360 DCB – 10/19/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/19/2020 – Hosted by Michael Tanner

COVID-19 cases uptick and souring stimulus sentiment lead to over 1% losses on the overall equities market today. The Dow Jones traded 450 points lower, or 1.1%. Earlier in the day, the 30-stock average was up more than 100 points.

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