Alert
Sell Occidental, Buy Permian Resources
Last year, the value trade in energy was natural gas. NYMEX natural gas prices averaged around $2.27/MMBtu and front-month gas prices dipped well below $2.00 in the spring and autumn “shoulder” seasons for gas. At...
TC’s South Bow Spinoff: Stick With Both Pieces
It’s been roughly three weeks since TC Energy Corp (TSX: TRP, NYSE: TRP) spun off its oil and liquids pipeline operations as a new company, South Bow Corp (TSX: SOBO, NYSE: SOBO). TC shareholders of...
Exxon Mobil Acquires Pioneer Natural Resources
Effective May 3rd, Exxon Mobil (NYSE: XOM) has closed its acquisition of Model Portfolio holding Pioneer Natural Resources (NYSE: PXD) in an all-stock deal. Pioneer shareholders received 2.324 shares of Exxon for every share of...
Oil and US Refiners
Just a few weeks ago, in early January West Texas Intermediate (WTI) crude oil prices were trading around $70/bbl and Brent was under $75/bbl, well off their late September peaks. The primary driver of weakness...
Natural Gas, Chesapeake and Southwestern
Late last week, Chesapeake Energy (NYSE: CHK) announced a long-rumored, and eagerly anticipated, offer to acquire fellow gas-focused producer Southwestern Energy (NYSE: SWN) in an all-stock deal. Of course, this is just the latest in...
Energy 2024 Q&A Roundtable
Editors’ Note: We’d like to start this issue by wishing readers a Merry Christmas, a joyful holiday season and a happy start to the New Year. It’s become a tradition for us at Energy &...
Kinder/NextEra Deal A Win for Both Parties
This morning, Kinder Morgan Inc (NYSE: KMI) announced it will buy NextEra Energy Partners’ (NYSE: NEP) STX Midstream natural gas pipelines for $1.815 billion. The deal is expected to close in “early 2024,” with US...
Alert: Regarding Hess Midstream
In October 2020, Chevron Corp (NYSE: CVX) closed its acquisition of the former Noble Energy. The deal made the oil super major the leading natural gas player in the eastern Mediterranean. But the company also...
Alert: Notes On Chevron and Hess
Yesterday, oil giant Chevron (NYSE: CVX) announced a $59.4 billion all-stock deal to acquire Hess Corp. (NYSE: HES), a stock we initially recommended in the Actively Managed Portfolio back on April 21st. This marks the...
Exxon’s Rumored Acquisition of Pioneer Natural Resources
On Thursday evening, The Wall Street Journal reported energy supermajor Exxon Mobil (NYSE: XOM) is close to a deal to acquire Pioneer Natural Resources (NYSE: PXD) in a massive takeover worth roughly $60 billion. As...
A Tough Q3, but Quality will Prevail
Closed end fund Blackrock Utilities & Infrastructure’s (NYSE: BUI) utility holdings took a hit late this month. The main catalyst was a decision by its largest holding NextEra Energy (NYSE: NEE) to reduce capital markets...
Magellan Gets an Offer: Here’s What it Means for Midstream
Midstream energy M&A entered a new stage this past weekend: ONEOK Inc (NYSE: OKE) offered $25 in cash and 0.667 of its own shares for Magellan Midstream Partners (NYSE: MMP). In the first couple years...
Natural Gas Tumbles Below $3.50/MMBtu
Some readers have asked for an update on our outlook for US natural gas prices considering the near 70% plunge in front-month gas futures since the August peak. Recall we’ve been consistently bearish on gas...
4/7/21 Pioneer Natural Resources’ Acquisition of DoublePoint
Late last week, shale exploration and production (E&P) giant, Pioneer Natural Resources (NYSE: PXD) announced a deal to acquire privately held DoublePoint Energy (DPE) in a deal valued at approximately $6.4 billion. The reception on...
10/30/20 Raising Crestwood and ONEOK, Sticking with Energy Transfer
Since our second issue of EIA for October posted, 8 Model Portfolio companies have announced Q3 results and updated guidance. The first November issue will fully recap of all the key numbers. But for now,...
4/21/20 Alert: Locking in Gains
Sell one-half of the position in the ProShares UltraShort Crude Oil ETF (NYSE: SCO) recommended in the Energy & Income Advisor Model Portfolio. In the last two issues of Energy & Income Advisor, Energy’s Great...
4/09/20 OPEC’s Underwhelming Supply Deal
In the last issue of Energy & Income Advisor, “Energy’s Great Guidance Re-Set,” we outlined our short, intermediate and long-term outlook for WTI and Brent crude oil prices. Shortly thereafter, oil spiked sharply higher on...
4/02/20 Oil’s Big Spike
This morning President Trump announced he spoke with both Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman and expects the two countries to announce a production cut of 10 million barrels soon....
3/19/20 Don’t Head for the Hills, High Grade Instead
US oil prices staged their biggest one-day rally in history today. But they’re still on pace to break the previous one-month loss record, a -33 percent pummeling in October 2008. Moreover, the two main drivers...
3/09/20 Oil’s Plunge
Last week, OPEC members agreed to a roughly 1.5 million bbl/day additional oil production cut to combat demand destruction resulting from the recent coronavirus outbreak. To put that into perspective, that’s more than double the...
TRENDING TOPICS
Sell Occidental, Buy Permian Resources
Last year, the value trade in energy was natural gas. NYMEX natural gas prices averaged around $2.27/MMBtu and front-month gas prices dipped well below $2.00...
Early Energy Q1 Returns: Shale Discipline in Force
Four Energy and Income Advisor Model Portfolio companies have now released Q1 results and updated guidance: Services companies Baker Hughes (NYSE; BKR) and SLB Ltd...
Earnings and Partners/XPLR Strategic Review
Annual filings are far more detailed than quarterlies. The trade-off for investors is they take longer to compile. Nonetheless, there’s already been plenty of action—as...
Oil: The Imaginary Glut
Last week, crude oil prices broke from a tight trading range to the highest levels in about three months. In my view, there’s more upside...