October 9, 2023 @ 5:37 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, PXD |
The Wall Street Journal has reported that Exxon Mobil (XOM) is in advanced talks to buy Pioneer Natural Resources (PXD) in a deal valued at $60 billion. Pioneer currently has a market cap of $55 billion. Throw in the debt that Exxon would be buying and there’s...
May 8, 2023 @ 10:34 pm | Breaking News |
Today I posted my two-hundred-and-seventieth YouTube Video: Trend of the Week Where Is All That Oil Cash Going to Go? Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next...
May 23, 2019 @ 7:03 pm | Breaking News, Volatility, You May Have Missed |
The combination of a big build in U.S. crude inventories this week and fears that the escalating U.S.-China trade war will slow global economic growth (and global oil demand) took a big whack out of oil prices and oil stocks today. The U.S. Energy Information...
April 12, 2019 @ 7:24 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, You May Have Missed |
Chevron (CVX) has agreed to buy Anadarko Petroleum (APC) for $33 billion in cash and stock. On the news shares of Anadarko are up 32.5% to $61.85. Shares of Chevron are off 4.91% to $119.81.Meaured by oil and natural gas production, the deal puts Chevron neck-and-neck...
April 1, 2019 @ 7:58 pm | Breaking News, FANG, Jubak Picks Portfolio, You May Have Missed |
Diamondback Energy (FANG) made #5 in my Special Report on the 10 most dangerous stocks this earnings season that I’m posting on my paid JubakAM.com site. And I’m selling it out of my Jubak Picks Portfolio today, April 1. If you’re looking for...
December 3, 2018 @ 7:29 pm | Breaking News, EQNR, FANG, Jubak Picks Portfolio, PXD, Update, You May Have Missed |
As of 2:30 p.m. New York time U.S. benchmark West Texas Intermediate was up 3.04% to $52.48 a barrel. International benchmark Brent crude gained 2.84% to break back above $60 a barrel at $61.15. Part of the reason for the gain is a general sigh of relief that the...
October 9, 2018 @ 7:50 pm | Breaking News, EQNR, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, Update, Volatility, You May Have Missed |
U.S. benchmark West Texas Intermediate crude climbed 0.7% today to close at $74.81 a barrel. International benchmark Brent crude rose 1.23% to $84.94 a barrel. The International Energy Agency warned of what it termed a “risky situation; the oil markets are...
September 24, 2018 @ 7:26 pm | Breaking News, EQNR, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, Update |
Today oil prices breached levels that have oil traders talking about $100 a barrel oil again on OPEC’s decision at its weekend meeting not to boost oil production. U.S. benchmark West Texas Intermediate climbed 2.15% as of noon today, September 24, to move...
September 19, 2018 @ 6:57 pm | Breaking News, FANG, Jubak Picks Portfolio, Update |
Although other oil producers in the Permian Basin look to be slowing the development of their assets in the face of transportation bottlenecks that are making it tough to get oil out of the basin, Diamondback Energy has teamed up with the Carlyle Group to form a joint...
September 12, 2018 @ 7:03 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
It hasn’t exactly been a great few months oil shale producers in the Permian Basin. Shares of Pioneer Natural Resources (PXD), the biggest pure play on Permian oil, closed at $169.97 a share today, August 29, down from $212.31 a share on May 18. That’s a...
April 23, 2018 @ 7:56 pm | Breaking News, Dividend Income Portfolio, FANG, HP, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, SLB, STO, Volatility |
Oil futures in New York settled at their highest since December 2014. U.S. benchmark West Texas Intermediate climbed 0.35% to close at $68.88 a barrel. International benchmark Brent crude rose 0.88% to $74.71 a barrel. The gains were unusual in that the U.S. dollar...
April 18, 2018 @ 6:49 pm | Breaking News, FANG, Jubak Picks Portfolio, PXD, STO |
West Texas Intermediate crude climbed 3.16% today to $68.80 a barrel. Futures for May delivery moved over $68 a barrel for the first time in three years. Yesterday the American Petroleum Institute reported a 1.05 million barrel draw down in U.S. inventories. Today the...
March 28, 2018 @ 7:42 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
Today Concho Resources (CXO) announced the acquisition of RSP Permian (RSPP) to create the biggest  oil and natural gas producer from the shales of the Permian Basin. The $9.5 billion all stock deal represents a 29% premium to the Tuesday close for RSP Permian. That...
February 20, 2018 @ 7:17 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
The goal was to cut production enough to reduce global oil inventories to their five-year average. The hope of the coalition of OPEC and Russia that reduction in production would get oil prices up to $60 a barrel. Now with that inventory reduction just about in place...
February 13, 2018 @ 7:12 pm | Breaking News, FANG, Jubak Picks Portfolio, Update |
After the close of New York trading today, Diamondback Energy (FANG) announced fourth quarter earnings of $1.56 a share (excluding one-time items). That beat the Wall Street consensus by 5 cents a share. Revenue climbed 116% year over year to $399 million, above...
February 10, 2017 @ 12:52 am | Breaking News, Buy, FANG, Jubak Top 50 Portfolio |
I’ve been arguing recently–in posts on my paid JubakAM.com site like this one http://jubakam.com/2017/01/red-hot-permian-goes-to-white-hot-with-another-big-acquisition-and-freaks-out-global-oil-market/ and on this site with posts like “Permian power!...