13.45 +0.07 (0.52%)
After hours: 6:58PM EDT
|Bid||13.31 x 1800|
|Ask||13.42 x 1400|
|Day's Range||13.15 - 13.44|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||1.92|
|PE Ratio (TTM)||12.38|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||0.20 (1.51%)|
|1y Target Est||20.15|
The newest numbers showed that daily crude output remained above one million barrels for the 28th month, further confirming North Dakota as one of the hottest shale plays in the United States.
The Eagle Ford Shale in Texas is likely to experience heightened activity in the near-to-medium term with a portion of Permian capital set to land in this rich oil and gas-producing formation.
Royal Dutch Shell (RDS.A) agreed to sell gas assets in Alberta for C$190 million, while Marathon Oil (MRO) closed the divestment of its North Sea assets.
Marathon Oil's (MRO) strategic portfolio in key resource-shale plays like Bakken, Eagle Ford, Permian and STACK/SCOOP signals visible production growth in the upcoming years.
Meanwhile, gasoline futures shot up 5% on Philadelphia Energy Solutions' decision to permanently close its oil refinery in Philadelphia following last week's devastating fire.
Wall Street was set to open lower on Friday as rising tensions between the United States and Iran kept investors on edge, taking the shine off a rally in the prior session that pushed the S&P 500 to a record high. Tehran had received a message from President Donald Trump, delivered through Oman overnight, warning that a U.S. attack was imminent but adding he was against war and wanted talks, Iranian officials told Reuters on Friday. The New York Times had earlier reported that Trump had approved military strikes against Iran in retaliation for the downing of a U.S. surveillance drone but called off the attacks at the last minute.
In spite of the rising global oil prices and Canada's vast endowments of oil and gas resources, the oil sector of the country is likely to bear the brunt of inefficient regulations and pipeline crisis.
Could Marathon Oil Corporation (NYSE:MRO) be an attractive dividend share to own for the long haul? Investors are...
Marathon Oil's (MRO) high emphasis on exiting the non-core business is in sync with its objective of focusing on U.S. shale plays and strengthening balance sheet.
While Chevron's (CVX) latest move will help optimize portfolio & enable it to focus more on U.S. shale assets, Delek Group will get closer to the aim of becoming a global offshore oil/gas powerhouse.