7 reasons why energy stocks will be 60% higher a year from now
The economy is getting stronger and energy stocks look cheap.
MarketWatch · 3d ago
15 Largest Coal Companies in the World
In this article we are going to list the 15 largest coal companies in the world. Click to skip ahead and jump to the 5 largest coal companies in the world. The coal industry is one of the most controversial industries in the world, which may not be as big as it once was, but […]
Insider Monkey · 5d ago
Oil & Gas Stock Roundup: ConocoPhillips' Gas Find, Occidental's Q3 & More
Upstream biggie ConocoPhillips (COP) announced a major gas discovery offshore Norway, while shale producer Occidental Petroleum (OXY) reported September-quarter earnings.
Zacks · 5d ago
Morgan Stanley Maintains Overweight on ConocoPhillips, Raises Price Target to $48
Morgan Stanley maintains ConocoPhillips (NYSE:COP) with a Overweight and raises the price target from $47 to $48.
Benzinga · 6d ago
How Much Of ConocoPhillips (NYSE:COP) Do Institutions Own?
If you want to know who really controls ConocoPhillips (NYSE:COP), then you'll have to look at the makeup of its share...
Simply Wall St. · 11/17 04:58
Oil Rallies Again, but a Vaccine Cant Bring It All the Way Back
Oil prices spiked after another pharmaceutical company touted the results of its Covid-19 vaccine, giving investors more confidence that oil demand will return next year. · 11/16 17:13
ConocoPhillips (COP) Confirms Offshore Norway Gas Discovery
ConocoPhillips (COP) announces the discovery of the largest gas condensate in the Norwegian Sea, with an estimated size between 50 and 190 mmbbl.
Zacks · 11/16 15:43
10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher
In this article we present the list of 10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher. Click to skip ahead and see the 5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher. Ken Fisher is the billionaire Founder, Executive Chairman, Co-Chief Investment Officer, and former CEO of Fisher Investments, which manages […]
Insider Monkey · 11/14 23:23
Permian Basin acreage price plunged by two-thirds in two years - report
Drilling rights in the Permian Basin averaged $24K/acre in recent deals, down 67% from 2018, and the average price across all U.S. shale has plummeted to ~$5K/acre from $17K two
Seekingalpha · 11/12 23:22
Renting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After Rout
(Bloomberg) -- The price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. Across U.S. shale, the average price has plummeted to about $5,000 an acre, compared with $17,000 two years ago.The plunge in acreage prices is a sign of the crisis facing U.S. oil and gas explorers, who are grappling with a pandemic-driven slide in crude demand after more than a decade of debt-fueled production growth. Large, financially stable producers are gobbling up smaller peers amid a wave of takeovers, the biggest of which was ConocoPhillips’s proposed purchase of Concho Resources Inc. for $9.7 billion.Source: Bloomberg Intelligence“Low equity prices and the need for investor support is motivating many operators to look for new options to merge,” Rystad senior analyst Alisa Lukash wrote in a report Thursday.READ: Biggest U.S. Gas Producer Seeks More M&A After Chevron DealIndustry-wide costs for drilling and completing wells will probably drop as much as 5% next year because of consolidation, increased standardization and a drop in service costs, Rystad said. Even more capital will be allocated to the most prolific Permian acreage, the firm said.Permian-focused Concho’s drilling rights were valued at about $10,471 per acre in the proposed ConocoPhillips takeover announced last month, according to Bloomberg Intelligence. That compares with $75,504 an acre for Concho’s purchase of RSP Permian Inc. in 2018.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 11/12 19:22
ConocoPhillips discovers gas offshore Norway
ConocoPhillips said on Wednesday it has discovered gas condensate offshore Norway, sending the oil producer's shares up 2% in premarket trade. The discovery was made northwest of the Heidrun oil and gas field and 150 miles (241.4 km) from the coast of Norway in the Norwegian Sea. The company said preliminary estimates place the size of the discovery between 50 million barrels and 190 million barrels of recoverable oil equivalent.
Reuters · 11/11 14:10
ConocoPhillips makes big new gas discovery off Norway
ConocoPhillips (COP) +2% pre-market after announcing a "significant" gas condensate discovery in production license 1009 offshore Norway in the Norwegian Sea.The company says preliminary estimates place the size of the
Seekingalpha · 11/11 13:57
ConocoPhillips makes significant gas discovery off Norway
ConocoPhillips (COP) +2% pre-market after announcing a "significant" gas condensate discovery in production license 1009 offshore Norway in the Norwegian Sea.The company says preliminary estimates place the size of the
Seekingalpha · 11/11 13:57
ConcoPhillips announces significant gas discovery offshore Norway
ConocoPhillips undefined said Wednesday it has made a significant gas discovery offshore Norway, sending its stock up 2% in premarket trade. The company said...
MarketWatch · 11/11 13:37
ConocoPhillips Announces Significant Gas Discovery Offshore Norway
ConocoPhillips (NYSE: COP) today announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest.
Business Wire · 11/11 13:30
Oil adds 3% as vaccine hopes outweigh potential for new lockdowns
Crude oil prices added to yesterday's big gains, as hopes for a COVID-19 vaccine on the horizon outweighed the expected negative effect on fuel demand of new lockdowns to curb
Seekingalpha · 11/10 21:25
Oil Prices Continue Their Rally. And Market Watchers Think Theres Room to Run.
One analyst believes that the resurgence of Covid-19 will hurt oil demand by as much as 3.1 million barrels a day, but it won’t stop oil prices from rebounding over the next 18 months as vaccines emerge. · 11/10 19:11
Oil, energy stocks tank as rising COVID cases threaten economic rebound
The energy sector ([[XLE]] -2.1%) faces renewed pressure as crude oil prices tumble today, trimming this week's gain to ~1% while the remaining 10 S&P sectors show week-to-date gains of
Seekingalpha · 11/06 20:56
Midstream/MLP Earnings So Far: M&A, Dividends, Buyback And ESG
Midstream companies have largely been positive on upstream consolidations, as the combined entities result in stronger customers, but management commentary on midstream consolidation has varied.As of the end of October, 34 of the 39 dividend-paying names in the Alerian Midstream Energy Index have declared their 3Q payouts, with 29 maintaining, 3 growing, and 2 cutting sequentially.Discussion of the energy transition and opportunities in renewables have shifted from the Q&A portion of 2Q20 calls to the prepared remarks for 3Q20.
Seekingalpha · 11/04 13:00
COP: About That $6.8 Billion In Cash...
ConocoPhillips released its Q3 EPS report on Thursday and there were no big surprises given the current O&G price environment.For those investors who made it to the end of the conference call, the best question was saved for last.It was a question concerned COP's $10 billion of wasted shareholder capital on stock buybacks and the future of the dividend.CEO Ryan Lance says he wants to make COP a "compelling" investment to draw investors back to the energy sector. But actions speak louder than words.This article will discuss the dividend impact for both Concho and Conoco shareholders going into - and out of - the merger which is expected to close in Q1 2021.
Seekingalpha · 11/03 16:19
Webull provides a variety of real-time COP stock news. You can receive the latest news about ConocoPhillips through multiple platforms. This information may help you make smarter investment decisions.
About COP
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas liquids, natural gas and LNG. The Lower 48 segment consists of operations located in the United States Lower 48 states and the Gulf of Mexico. Its Canadian operations consists of oil sands developments in the Athabasca Region of northeastern Alberta. The Europe and North Africa segment consists of operations and exploration activities in Norway and Libya. The Asia Pacific and Middle East segment has exploration and production operations in China, Indonesia and Malaysia.