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Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
National Oilwell Varco, Inc.
Clean Harbors, Inc.
Helmerich & Payne, Inc.
Patterson-UTI Energy, Inc.
Oil States International, Inc.
Newpark Resources, Inc.
Nabors Industries Ltd.
U.S. Silica Holdings, Inc.
Precision Drilling Corporation
TETRA Technologies, Inc.
Flotek Industries, Inc.
CARBO Ceramics Inc.
Superior Energy Services, Inc.
Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked
Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The British pound continues to soar, on optimism that a withdrawal deal could be close at hand. The Mexican peso continues to rally late in the week. The Canadian dollar is steady, but we could see stronger movement in the North American session, when Canada releases key employment numbers.
Oilfield service provider Halliburton (HAL) declares another round of job cut as oil and gas customers scale back spending on services and equipment.
TechnipFMC (FTI) and partners JGC and Fluor Corporation will deal with the production and construction facilities of Rovuma's onshore liquefied natural gas (LNG), located in Cabo Delgado.
While economic data will bring the EUR, GBP, and USD into focus, a resumption of U.S – China trade talks is the main event of the day.
Despite popular belief, fracking is not that new but has been around since the American Civil War, but how did this misconception come about?
ExxonMobil (XOM) and Royal Dutch Shell (RDS.A) issued updates on their upcoming Q3 earnings. Meanwhile, ConocoPhillips (COP) announced a 38% dividend hike combined with a $3 billion share repurchase.
(Bloomberg) -- Halliburton Co. is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.The cuts affect 650 workers across Colorado, Wyoming, New Mexico and North Dakota, Emily Mir, a spokeswoman, said Wednesday in a prepared statement. Most were offered the option to relocate to other areas where greater oilfield work is expected, she said.The moves come three months after the Houston-based oilfield contractor announced it was trimming 8% of its North American headcount and parking unused frack gear.Oilfield servicers have been among the worst-hit companies amid a slowdown in the once red-hot U.S. shale patch. Their exploration customers are dialing back spending as low crude prices dent profits and investors urge financial discipline. Bankruptcies in the industry are surging and on track to eclipse last year’s casualties, according to law firm Haynes and Boone LLP.The number of U.S. crews that frack wells, the final step before oil production, has dropped 17% this year, according to Primary Vision Inc. Halliburton is set to report financial results from the third quarter on Oct. 21.Halliburton fell 0.5% to $18.16 at 1:48 p.m. in New York.(Updates with number of frack crews in fifth paragraph.)To contact the reporter on this story: David Wethe in Houston at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A light economic calendar leaves geopolitics and U.S – China trade talks in focus in particular. Expect negative news to weigh heavily on risk sentiment.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
The pound continues to lose ground on Tuesday and has fallen close to the 1.22 line. The Canadian and British currencies are showing little movement.
With economic data on the lighter side once more, we expect geopolitics to continue to drive the majors. Does China have the upper ahead of talks?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
IDEX (IEX) gains from a diversified business structure, solid product offerings, acquired assets and shareholder-friendly policies. Geopolitical uncertainties and forex woes are headwinds.
While we can expect German factory orders to influence the EUR, geopolitics will be a key driver. Brexit and trade will be in focus throughout the day…