October 3, 2022 @ 11:26 pm | Breaking News |
All it takes is a report that OPEC+, the group of oil-producing countries that includes Saudi Arabia and Russia, is considering a big cut in production at its meeting this week to send oil and oil stocks off to the races. As of noon New York time, on Monday, U.S....
September 12, 2022 @ 1:03 pm | Breaking News |
News this weekend that Ukrainian forces had pushed to the Russian border with the country in the Kharkiv oblast is likely to provoke a big reaction from Russian President Vladimir Putin. It’s not just that Ukrainian forces have advanced but that they have racked...
May 6, 2022 @ 7:52 pm | Breaking News, UNG |
My one-hundredth-and-thirty-first YouTube video “Quick Pick: U.S. Natural Gas Fund” went up today. Natural gas hit an 18-year high in the United States on Thursday, May, even as oil was sliding. Consequently I’m looking for a pick that focuses on...
February 22, 2022 @ 7:08 pm | Breaking News |
Let me start off by making something very clear–the Russian de facto invasion of Ukraine is a very big deal for the people of Ukraine, the separatists regions, and the countries of Eastern Europe. I think we’re looking at the potential for thousands of...
February 16, 2021 @ 7:32 pm | Breaking News |
Natural gas at the OneOK Gas Transportation hub in Oklahoma traded at $4.19 per contract a week ago. Today, thanks to a polar blast that has produced sub-zero temperatures across a huge swatch from Texas to Canada, two contracts today traded at $999 per million...
February 3, 2017 @ 6:58 pm | Dividend Income Portfolio, OKE, OKS |
It’s not exactly an uncommon kind of transaction these days: General partner ONEOK (OKE) will acquire Master Limited Partnership ONEOK Partners (OKS) for $9.3 billion in stock. (For example, Targa Resources (TRGP) rolled up its MLP Targa Resources Partners this...
January 10, 2011 @ 1:33 pm | Update |
Energy Transfer Partners (ETP) is one of my favorite master limited partnerships. Its natural gas pipeline business coins cash and the yield on these partnership units is a very satisfying 6.8%. The total return (that’s dividend plus price appreciation) has been even...
December 22, 2010 @ 12:57 pm | Leading Indicators |
So when is the time to buy U.S. natural gas stocks? A new analysis from Houston energy investment banker Tudor, Pickering, Holt, reported by Reuters Breaking Views, says late in 2011 or so. Natural gas prices in the United States are in an extended slump with gas...
December 9, 2010 @ 2:55 pm | Update |
And the biggest winner from Argentina’s huge natural gas from shale discovery in Patagonia? YPF Sociedad Anonima (YPF) is certainly a winner. The find of 4.5 trillion cubic feet of gas is roughly double the Argentine company’s previous proved natural gas reserves of...
January 4, 2010 @ 6:17 pm | Update |
EnCana (ECA) formalized its split into two companies when it began trading as EnCana (ECA) and Cenovus Energy (CVE) on the New York Stock Exchange on December 9. Shareholders in EnCana received one share of the new EnCana and one share of Cenovus for each share of the...
December 14, 2009 @ 1:53 pm | Breaking News, CHK, Leading Indicators |
ExxonMobil (XOM) will buy XTO Energy (XTO) for $31 billion in stock. (ExxonMobil will also assume $10 billion in XTO Energy debt.) This acquisition is just the latest example of a shift among the international energy majors from exploration and development for oil in...
November 30, 2009 @ 5:05 pm | Leading Indicators |
Just when you think it can’t get any worse in the natural gas industry, it does. A glut of gas in the United States as a result of lower demand because of the Great Recession and greater than projected production from the gas shales of Texas and Oklahoma has driven...
November 10, 2009 @ 11:30 am | OKS, Sell |
Sell Oneok Partners (OKS) Master limited partnership units of Oneok Partners (OKS) have run through my target price of $54 a share by March 2010 and just kept on going. I still like this natural gas pipeline play for its yield of 7.5% (as of November 9, 2009) so I’m...
November 3, 2009 @ 12:30 pm | Breaking News, CHK, Leading Indicators |
Doesn’t anybody know that there’s a natural gas glut in the United States? In a glut low prices are supposed to force producers to shut wells and reduce production so that demand has a chance to catch up with supply and prices can start to rise. It just doesn’t seem...
November 3, 2009 @ 8:30 am | Breaking News, Leading Indicators |
Take the long view The stock market is fixated on the short-term, we all know that. It’s an unusual occasion when stock analysts and investors look more than a few quarters ahead. That means stock prices often tend to respond to short-term news as if it were the only...
September 15, 2009 @ 10:31 pm | Leading Indicators |
Markets always run to extremes both on the up and downside. And sometimes the extremes can be quite extreme. Right now a number of technical indicators are saying that stocks are overbought. That means they’re headed for a correction. Some time. But stocks that...
August 21, 2009 @ 8:30 am | Breaking News, CHK, Leading Indicators |
Some company will eventually make a killing from today’s collapse in natural gas prices. But when? And which company? Value investors usually only need to identify a bargain and then hang on until the rest of the stock market catches up with their thinking. But the...
August 5, 2009 @ 8:30 am | Update |
Certainly not a great quarter but it will do. After the close on August 4, ONEOK Partners (OKS) announced second quarter earnings of 81 cents a unit. (This is a master limited partnership rather than common stock.) That was down from $1.46 in the second quarter of...
July 31, 2009 @ 6:00 pm | Breaking News, CHK, Leading Indicators |
Last week it was oil companies reporting their earnings numbers. Monday investors get a big dose of numbers from natural companies. The earnings aren’t likely to be pretty although since many producers wrote down billions in assets last quarter–Chesapeake...