Post Tagged with: "Stock"
Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production
From Reuters
Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell.
The company, like many other U.S. oil producers, is extracting …
National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter
Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.”
NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue …
Icahn at it Again
Last week Carl Icahn gave Sandridge Energy Inc. (ticker: SD) another poke as he suggested an all-cash offer for the company with a major catch – he wants to decide who goes on the company’s board of directors.
Bloomberg reported…
Oil Hedges: Brazil and Mexico
Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …
No Stream Like Midstream
TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America
TransCanada adds Canadian capacity
TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …
Halcon Resources Snaps Up 22,617 Delaware Acres
Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million.
The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after …
Tellurian Prices Public Offering of Common Stock
Tellurian Inc. (ticker: TELL) has priced an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $10.00 per share, for total gross proceeds (before underwriters’ compensation and estimated expenses) of $100.0 million.…
