Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. This is the … Continue reading Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall
Oil could fall toward $20, but not for the reason you think The oil-in-the-$20s club just got a new member. But Morgan Stanley’s case for another leg lower has less to do with a global glut of crude than it does with a strengthening U.S. dollar. In a Monday note by analysts including Adam Longson, … Continue reading Oil could fall toward $20, but not for the reason you think
Cheap gas, oil craters: 2015 rocked energy sector The year 2015 has been a tumultuous one for energy throughout the world, including in the U.S. A new era of abundant supplies is emerging here, bringing with it low prices, at least for now. All this comes as the U.S. and other nations take stock of … Continue reading Cheap gas, oil craters: 2015 rocked #energy sector
Short selling in U.S. energy sector surges as oil prices fall Short selling in the S&P 500 energy sector rose in November to its highest level in years, outpacing that of the benchmark S&P 500 index as crude oil prices continued to tumble amid a global glut, according to Markit data. On average, 5.5 percent … Continue reading Short selling in U.S. energy sector surges as oil prices fall
Arnold: Half of US energy industry may go under John Arnold, the legendary energy trader formerly of the hedge fund Centaurus Advisors, expects half of the U.S. energy industry to go bankrupt next year if the price of oil does not rebound. Either way, bankruptcies among the industry will pick up as OPEC maintains production … Continue reading Arnold: Half of US energy industry may go under
The Texas of Canada Just Turned Its Back on Oil ALBERTA IS SOMETIMES called the Texas of Canada. It’s home to one of the largest rodeos in the world, a respectable number of annual tornadoes, and a plethora of oil and gas reserves. Falling in the not-quite-so-Texas category: blankets of winter snow, the way they … Continue reading The Texas of Canada Just Turned Its Back on Oil
Energy downturn works its way across Wyoming economy CASPER, Wyo. — Last year, M&N Field Services employed 45 people. This year, the Casper-based oil field service company employs 15. “We’re in survival mode right now on that particular company,” said Cary Brus, who helps manage several of the late Mick McMurry’s companies. “We’re doing fine, … Continue reading Energy downturn works its way across #Wyoming economy
Oil Companies Cut Wages to Preserve Jobs — Energy Journal Some oil companies are finding that they can’t cut any more jobs than they already have amid the oil-price downturn, so they’re using across-the-board wage cuts, hiring freezes and bonus caps to preserve sufficient staff for their businesses to succeed, Chester Dawson and Benoit Faucon … Continue reading Oil Companies Cut Wages to Preserve Jobs — Energy Journal
Opinion: The Misguided Efforts of American Energy Companies A global battle for a share of Asia’s future energy demand is on, and Middle East suppliers may win it. Both the United States and Asia would benefit, however, if American companies won a greater presence in the region. American companies could gain a strong share of … Continue reading Opinion: The Misguided Efforts of American Energy Companies
Suncor Energy Announces C$4.3B Bid for Canadian Oil Sands The wave of mergers has traveled far and wide across the energy sector. The latest one to join the growing trend of mergers is Canada’s biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (SU – Analyst Report). The firm has made an … Continue reading #Suncor Energy Announces C$4.3B Bid for Canadian Oil Sands
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