Oil Prices Plunge another 1% after BP Earnings Miss Badly

crudeoilIn a true sign of the times for the traditional energy industry, oil prices sank Tuesday morning mere hours after one of the world's largest oil companies, BP plc (NYSE:BP), posted a 45% drop in quarterly earnings.
NYSE:BP July 26, 2016 7:09am

BP plc (ADR)(BP) Earnings Report Creates Gap Higher

money and investingRick Pendergraft:  This is a big week for oil companies reporting earnings as Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) will report on Friday, while Conoco Phillips (NYSE:COP) will report on Thursday.
ETF BASIC NEWS May 2, 2016 3:04pm

The Energy Forward P/E Multipe Is Now Off The Charts

crudeoilTyler Durden: Back in January 2015, when we looked at the utterly disconnected fundamentals of the energy sector, we were stunned to note that the forward 12-month P/E for the Energy sector has risen above 22.4, the first time it had done so since April 8, 2002.
NYSE:XLE March 28, 2016 12:33pm

BP plc (ADR)(BP): Is The 8% Dividend Built To Last?

dividends1Bob Ciura:  As energy stocks continue to sink, dividend yields are being elevated across the sector. This is a function of the inverse relationship between stock prices and dividend yields. When stock prices decline, dividend yields rise, and vice versa.
ETF BASIC NEWS March 16, 2016 1:32pm

EIA Report Shows No Sign Yet of U.S. Production Cuts

crudeoilEconMatters:  The EIA report came out on Wednesday and the first thing that I look for, and really the only data point that matters for meaningful progress towards the market rebalancing is has U.S. Production started to decline.
NYSE:USO January 15, 2016 1:57pm

BP plc (ADR)(BP) Fires 4,000 As Oil Slump Deepens

oil etfsTyler Durden:   Just days after The Fed admitted "we got it wrong" on the "unequivocally good" low oil prices, BP has joined a long list of energy entities slashing jobs. The oil company will cut 4,000 jobs in exploration and production because of toughening market conditions
ETF BASIC NEWS January 13, 2016 4:56pm

How To Fix The Oil Market

crudeoilEconMatters:  The Mining Industry Approach.  I hate always being the smartest person in the room, because I end up doing my job and everyone else`s as well. But here is a giant freebie for all those stupid, clueless oil executives out there in North America.
NYSE:USO January 11, 2016 3:31pm

Royal Dutch Shell plc (ADR), BP plc (ADR): Two Very Different High-Yielding European Oil Stocks

crudeoilMarshall Hargrave:   Oil companies in the U.S. are under serious pressure. But it turns out that companies across the pond are having it just as bad.
ETF BASIC NEWS January 4, 2016 12:33pm

Overflowing Global Oil Storage Leads To Soaring Supertanker Rates

crudeoilTyler Durden:  One month ago when oil was attempting another break out above $50, we wrote that the black gold had officially reached its "tipping point" when as we noted China had finally reached the limits of its onshore oil storage capacity.
NYSE:USO December 9, 2015 1:06pm

BP plc (ADR)’s (BP) Stock Bounce Faces Challenges

investRick Pendergraft:   BP PLC (NYSE:BP) rallied sharply during the month of October, giving it its biggest rally since the spring. During the month, BP gained 12.76%, which is the biggest monthly gain for the stock since October 2011.
ETF BASIC NEWS November 9, 2015 3:28pm

Big Oil Earnings Still Battered By Low Oil Prices

crudeoilBob Ciura:  It should come as a surprise to nobody that Big Oil is in big trouble. Over the past year, oil has fallen from its 2014 peaks of above $100 per barrel to its current level near $40 per barrel. As commodity producers, oil companies are highly reliant on the price of the underlying commodity.
ETF BASIC NEWS November 2, 2015 12:23pm

How The OPEC and Russia Meeting Will Help The Oil Market

oil etfsAlex McGuire: On Oct. 3, Russian Minister of Energy Alexander Novak announced his country is ready to meet with OPEC to discuss the crash in oil pricesReuters reports the OPEC and Russia meeting is set to occur at the end of October.
NYSE:USO October 20, 2015 12:53pm

Has Oil Found A Bottom?

crudeoilKent Moors:  For years, the Organization of Petroleum Exporting Countries (OPEC) has courted Russia, though without much success. It's easy to see why the attraction is there; the world's largest country has huge oil reserves and the geopolitical clout to boost the cartel's "muscle" by about a third.
NYSE:USO October 12, 2015 3:01pm

BP plc (ADR)(BP): Should You Buy The Stock Today?

buy-and-holdAlex McGuire:  The BP Plc. (NYSEADR:BP) stock price today (Tuesday) jumped 2.3% to $34.23 despite the fact that the U.S. Department of Justice announced BP will pay a $20.8 billion settlement for causing the 2010 Deepwater Horizon oil spill.

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