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4 Merrill Lynch Top Idea Energy Stocks to Buy for 2018

17h 247wallst
Despite a huge rally off the summer lows, sentiment for the energy sector still remains very weak, and oil prices have been in one of the most volatile periods in the last ten years. While all of that seems counter intuitive given the price increase, most of the top portfolio managers have been underweight energy until just recently. Toss in the current backwardation, which is a state when spot prices are higher than prices for futures contracts, creating a downward-sloping curve for futures prices, and the picture remains cloudy. (95-0)

Crude Oil Prices and Wall Street Fell Last Week

17h marketrealist
January WTI (West Texas Intermediate) crude oil futures (UWT) (UCO) contracts rose 2.5% to $56.71 per barrel on November 17, 2017. Brent oil futures contracts rose 2.2% and closed at $62.72 per barrel on the same day. Oil (BNO) (DBO) prices rose due to supply outages in the US. On November 16, 2017, the Keystone pipeline was shut down due to a leak in South Dakota. It transports 590,000 bpd (barrels per day) of crude oil. (38-0)

Cushing Inventories Could Pressure WTI Crude Oil Futures

17h marketrealist
Cushing, Oklahoma, is the largest crude oil storage facility in the US. Earlier, a survey of Wall Street analysts estimated that crude oil inventories at Cushing would rise on November 10–17, 2017. (39-0)

Featured Company News - Anadarko Petroleum Discloses CapEx and Sales-Volume Guidance for 2018

19h accesswire
LONDON, UK / ACCESSWIRE / November 20, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Anadarko Petroleum Corp. (NYSE: APC) ("Anadarko"), following which we have published a free report that can be viewed by signing up at The Company announced on November 16, 2017, its capital expectations and guidance as well as sales guidance for FY18. (53-0)

Anadarko Petroleum Issues '18 Capex & Sales Volume Guidance

2017-11-17 zacks
Anadarko Petroleum Corporation (APC - Free Report) recently announced 2018 capital expectations and sales volume guidance. (82-0)

BRIEF-Rowan Co's unit got notice of early termination from Anadarko Petroleum

2017-11-16 reuters
* Rowan Companies - ‍on Nov 13, co’s unit got notice of early termination from Anadarko Petroleum as per co’s drilling contract for drillship Rowan Resolute​ (39-0)

US Crude Oil Production: Bearish Driver for Oil Prices

2017-11-16 marketrealist
The EIA estimates that US crude oil production rose by 25,000 bpd (barrels per day) or 0.3% to 9,645,000 bpd on November 3–10, 2017. Production is at the highest level since 1983, which weighed on crude oil (USO) (UCO) prices on November 15, 2017. US crude oil (UWT) (DWT) prices fell 3% in the last five trading session due to record US crude oil production and forecasts of a rise in US shale oil production for the 12th straight month. (106-0)

Anadarko Petroleum sees higher sales volumes in 2018

2017-11-16 reuters
Nov 16 (Reuters) - Anadarko Petroleum Corp on Thursday forecast higher sales volumes for 2018, as shale producers believe they can keep boosting oil output aggressively while making money. (38-0)

Shale goal in sight: Pump with a profit, without hurting growth

2017-11-15 worldoil
In third-quarter earnings reports, explorers including Pioneer Natural Resources Co., EOG Resources Inc. and Anadarko Petroleum Corp. said they’re on the cusp of shrinking or even eliminating the gap between operating expenses and the cash they take in. That would mark a turning point for an industry that’s piled up losses and lived on borrowed money for years, as drillers plowed resources into developing new oil plays across the U. (38-0)

Shale Goal in Sight: Pump With a Profit, Without Hurting Growth - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (38-0)

Russian and US Crude Oil Exports Are Important for Oil Bears

2017-11-15 marketrealist
US crude oil exports fell by 1,264,000 bpd or 60% to 869,000 bpd on October 27–November 3, 2017. Exports rose by 459,000 bpd or 112% from the same period in 2016. Meanwhile, US crude oil exports hit a record 2,133,000 bpd for the week ending October 27, 2017. Exports rose due to the oil export ban being lifted, a rise in US crude oil production, and a wider spread between Brent and WTI (West Texas Intermediate) oil prices. (60-0)

Will US Shale Oil Production Rise for the 12th Straight Month?

2017-11-14 marketrealist
December WTI (West Texas Intermediate) crude oil futures (UCO) (DBO) contracts rose 0.04% to $56.76 per barrel on November 13, 2017. Brent oil futures (BNO) contracts rose 0.6% to $63.16 per barrel on the same day. Oil prices are near a 30-month high. (43-0)

Top Research Reports for Merck, UPS & Caterpillar

2017-11-11 zacks
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Merck (MRK), UPS (UPS) and Caterpillar (CAT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. (96-1)

Oasis Petroleum’s 3Q17 Earnings and Revenue Beat Expectations

2017-11-10 marketrealist
Oasis Petroleum (OAS) held its 3Q17 earnings conference on November 9. The company released its 3Q17 earnings on November 8, after the market closed. (59-0)

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