BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Anadarko Stock Price Justified Given Optimistic Cost Control Outlook]]>http://www.bloggingstocks.com/2011/03/04/anadarko-stock-price-justified-given-optimistic-cost-control-out/http://www.bloggingstocks.com/2011/03/04/anadarko-stock-price-justified-given-optimistic-cost-control-out/http://www.bloggingstocks.com/2011/03/04/anadarko-stock-price-justified-given-optimistic-cost-control-out/#commentsFiled under:

Anadarko Petroleum Corporation (APC) is among the largest independent oil and gas exploration and production companies in the world, with about 3 billion barrels of oil equivalent of proved reserves. The company explores and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). Its major operations are located onshore United States and in the deepwater Gulf of Mexico. Anadarko also has operations in Algeria, Brazil, China, Ghana, Indonesia, Mozambique, Sierra Leone and other countries. Its main competitors are ExxonMobil, BP, ConocoPhillips and Chevron.

Continue reading Anadarko Stock Price Justified Given Optimistic Cost Control Outlook

Anadarko Stock Price Justified Given Optimistic Cost Control Outlook originally appeared on BloggingStocks on Fri, 04 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>anadarkonatural gasoiloil explorationFri, 04 Mar 2011 17:00:00 EST<![CDATA[Brigham Exploration (BEXP): A Bakken Bet]]>http://www.bloggingstocks.com/2010/11/01/brigham-exploration-bexp-a-bakken-bet/http://www.bloggingstocks.com/2010/11/01/brigham-exploration-bexp-a-bakken-bet/http://www.bloggingstocks.com/2010/11/01/brigham-exploration-bexp-a-bakken-bet/#commentsFiled under: , , ,

oil production"Brigham Exploration (BEXP) as onshore properties in the Gulf Coast, as well as in the Anadarko basin and West Texas; but the stock's performance and future growth prospects are heavily leveraged to the Bakken and Three Forks plays in North Dakota and Montana," says energy sector specialist Elliott Gue.

The editor of The Energy Strategist explains, "The company first began accumulating acreage in the Williston Basin in 2005, and the vast majority of its planned CAPEX is concentrated on the region.

"Most of Brigham Exploration's acreage and drilling activity has historically been in North Dakota, though the firm is drilling wells to establish the value of its acreage in eastern Montana.

Continue reading Brigham Exploration (BEXP): A Bakken Bet

Brigham Exploration (BEXP): A Bakken Bet originally appeared on BloggingStocks on Mon, 01 Nov 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bakken oil fieldsbexpbrigham explorationdakotas drillingdomestic drillingelliott gueenergy stocksenergy strategistfeaturedgas drillingmontana oil drillingoil drillingoil explorationsteven halpernMon, 01 Nov 2010 11:00:00 EST<![CDATA[Schlumberger's First-Quarter Earnings Drop]]>http://www.bloggingstocks.com/2010/04/23/schlumbergers-first-quarter-earnings-drop/http://www.bloggingstocks.com/2010/04/23/schlumbergers-first-quarter-earnings-drop/http://www.bloggingstocks.com/2010/04/23/schlumbergers-first-quarter-earnings-drop/#commentsFiled under: ,

Schlumberger Ltd. (SLB), early on Firday morning, revealed that its first-quarter profit fell 28%. The oil company attributed the decline in earnings to a revenue drop of nearly 7% and to charges related to healthcare reform. SLB earned 56 cents per share in the latest first quarter, down from 78 cents per share a year ago, and five cents short of the consensus estimate.

Revenue fell to $5.6 billion, a drop of 6.7%, and nearly equal to expectations of $5.69 billion. Nevertheless, the company maintained that evidence shows that higher oil prices will lead to increased drilling activity by international customers -- a turnaround from the past two years, which were impacted by the declining demand for oil.

Continue reading Schlumberger's First-Quarter Earnings Drop

Schlumberger's First-Quarter Earnings Drop originally appeared on BloggingStocks on Fri, 23 Apr 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>health careinthenewsoiloil explorationtechnical analysisFri, 23 Apr 2010 10:00:00 EST<![CDATA[A good year for oil discoveries]]>http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/#commentsFiled under: , , , , , , , , ,

oil industryThe oil industry has been working hard to find new oil reserves, and so far this year the efforts have been paying off.

It has been a year with some major discoveries that have put the oil industry in a good position to make it the year with the highest level of new discoveries since 2000.

A big reason for the increase in discoveries is improvements in technology that has allowed oil hunters to drill deeper and break through tougher rocks than they were previously able to do.

Continue reading A good year for oil discoveries

A good year for oil discoveries originally appeared on BloggingStocks on Thu, 24 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AustraliafeaturedGulf of MexicoGulfOfMexicoIranIraqIsraeloiloil explorationoil pricesOilExplorationOilPricesThu, 24 Sep 2009 10:30:00 EST<![CDATA[Schlumberger: 'Best of breed' in oil services]]>http://www.bloggingstocks.com/2009/02/16/schlumberger-slb-best-of-breed-in-oil-services/http://www.bloggingstocks.com/2009/02/16/schlumberger-slb-best-of-breed-in-oil-services/http://www.bloggingstocks.com/2009/02/16/schlumberger-slb-best-of-breed-in-oil-services/#commentsFiled under: , , , , ,

"Long term, supply remains the key issue to watch in the crude oil market; depressed prices continue to force producers to scale back on exploration and development spending," says energy expert Elliott Gue.

In The Energy Strategist, he says, "I watch oil service giant Schlumberger (NYSE: SLB) as a gauge of overall health in energy markets; it has its hands in just about every imaginable oil- or gas-producing market on the planet."

"Schlumberger's fourth quarter earnings release and conference call were far and away the most bearish from the company in at least five years.

"CEO Andrew Gould was notably downbeat, particularly during the analysts' question and answer (Q&A) session. Predictably, earnings estimates have plummeted since that call.

Continue reading Schlumberger: 'Best of breed' in oil services

Schlumberger: 'Best of breed' in oil services originally appeared on BloggingStocks on Mon, 16 Feb 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>elliott gueElliottGueenergy stocksenergy strategistoil drillingoil explorationoil productionoil servicesoil technologyOilDrillingOilExplorationOilProductionOilTechnologyschlumbergerslbthestockadvisors.comMon, 16 Feb 2009 16:00:00 EST<![CDATA[No one will feel sorry for Exxon Mobil]]>http://www.bloggingstocks.com/2008/05/01/no-one-will-feel-sorry-for-exxon-mobil/http://www.bloggingstocks.com/2008/05/01/no-one-will-feel-sorry-for-exxon-mobil/http://www.bloggingstocks.com/2008/05/01/no-one-will-feel-sorry-for-exxon-mobil/#commentsFiled under: , , ,

Exxon Mobil Corp. (NYSE: XOM), whose huge profits have made it one of the most vilified companies in America, was brought down to earth today after posting disappointing earnings.

Net income at the world's largest oil company rose 17% to $10.9 billion, or $2.03 per share, from $9.3 billion, or $1.62 per share, a year earlier. Revenue rose 34% to $116.9 billion. Analysts had expected profit of $2.13 on revenue of $124.4 billion, according to Thomson Financial. Shares of the company fell.

Just because oil prices remain above $100 per barrel doesn't necessarily mean everything is going Exxon's way. For one thing, high oil prices resulted in "significantly lower" refining margins, which pushed down downstream earnings by $746 million to $1.16 billion. Lower margins also pushed down profit in Exxon's chemical business by $208 million to $1.03 billion. Moreover, spending on capital and exploration projects soared 30% to $5.5 billion "as we continued to actively invest in projects to bring additional crude oil, natural gas and finished products to market."

The problem is that's proving to be difficult. For one thing, production at the company's oil wells dropped as did natural gas production in the Middle East, The U.S., Canada, South America and Asia. This is happening as surging demand from the developing world is keeping oil prices at record levels. Exxon is "having trouble raising production, and that's not a good sign,'' Leeb Capital Management's Stephen Leeb told Bloomberg News.

Continue reading No one will feel sorry for Exxon Mobil

No one will feel sorry for Exxon Mobil originally appeared on BloggingStocks on Thu, 01 May 2008 15:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>energyenergy stocksEnergyStocksFeaturedHillary ClintonHillaryClintoninthenewsoil companiesoil explorationoil pricesoil productionOilCompaniesOilExplorationOilPricesOilProductionXOMThu, 01 May 2008 15:02:00 EST<![CDATA[Core Labs is not your average laboratory]]>http://www.bloggingstocks.com/2008/02/06/core-labs-is-not-your-average-laboratory/http://www.bloggingstocks.com/2008/02/06/core-labs-is-not-your-average-laboratory/http://www.bloggingstocks.com/2008/02/06/core-labs-is-not-your-average-laboratory/#commentsFiled under:

In an era of elevated energy prices, one argument noted in this space before is that oil and oil/natural gas service companies are likely to remain promising plays for the foreseeable future, barring the discovery of a cheap, widely-available, alternative energy. With this in mind, Core Laboratories is worth a review.

Core Labs (NYSE: CLB) analyzes petroleum reservoir rock and fluids, helping oil companies determine how much oil or gas exists in their reservoirs and how quickly it can be extracted.

Analysts see +20% revenue growth for CLB in 2008 on strong oil/gas well analysis revenue. Analysts also like CLB's ramping hydraulic fracturing / field flooding and reservoir management services. The Reuters F2007/F2008 EPS consensus estimates for CLB are $4.86/$6.07

Further, with global oil/gas exploration activity expected to increase 20-35% in 2008 after +20% increases in 2007 and 2006, analysts believe Core will be able to continue to increase its business at healthy rates. (Oil exploration budgets are likely to decline only if oil prices remain below $50 per barrel for a sustained period.)

Continue reading Core Labs is not your average laboratory

Core Labs is not your average laboratory originally appeared on BloggingStocks on Wed, 06 Feb 2008 18:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CLBCore Laboratoriesnatural gasoiloil explorationoil servicesWed, 06 Feb 2008 18:40:00 EST<![CDATA[A ray of hope for oil supplies]]>http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/#commentsFiled under: , , , ,

Oil field While many older oil fields are producing less than they used to, new discoveries of crude may make up for that. The Wall Street Journal reports, "Projects under way in Brazil, Saudi Arabia, West Africa, the Caspian Sea and the Gulf of Mexico will more than make up for natural declines from fields now in production."

If the information is accurate and oil demand falls due to an economic slowdown, prices for crude could drop over the next several years.

What is not clear is whether demand for oil in markets like China and India will continue to spike up. If the Chinese government is willing to underwrite the cost of gas and diesel for its industrial and consumer sectors, the use of oil in that country could continue to rise at an alarming rate.

Distorted demand, caused by the Chinese government, could be the wild card in oil pricing.

Douglas A. McIntyre is an editor at 247wallst.com.

A ray of hope for oil supplies originally appeared on BloggingStocks on Thu, 17 Jan 2008 08:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude oilCrudeOilinthenewsoiloil explorationoil suppliesOilExplorationOilSuppliesThu, 17 Jan 2008 08:30:00 EST<![CDATA[Fearing $150 oil, India wants Exxon, others to prospect in country]]>http://www.bloggingstocks.com/2008/01/08/fearing-150-oil-india-wants-exxon-others-to-prospect-in-count/http://www.bloggingstocks.com/2008/01/08/fearing-150-oil-india-wants-exxon-others-to-prospect-in-count/http://www.bloggingstocks.com/2008/01/08/fearing-150-oil-india-wants-exxon-others-to-prospect-in-count/#commentsFiled under: , ,

Exxon Mobil India announced Tuesday that it wants oil sector giants ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), among others, to bid and explore for oil and gas in the country, on concerns that oil may hit $150 per barrel, Bloomberg News reported.

India, Asia's third-largest oil consumer, does not have the technology to search for and extract oil/gas from deep waters and in remote regions, and the nation is concerned that rising energy demand and rising prices will complicate the access to energy it needs to sustain its growing economy.

Predicts $150 oil

"In the next two to three years we expect prices to reach $150 a barrel," India's Oil Secretary M.S. Srinivasan told Bloomberg News on Tuesday. "Given this scenario, we are putting in more efforts in our exploration and production.''

Oil rose $1.75 to $96.75 in mid-day trading Tuesday. Oil rose an alarming 57% in 2007 and reached $100.09 on January 3, 2008. Oil hit an all-time high, in inflation-adjusted terms, of $102.80 in April 1980.

Continue reading Fearing $150 oil, India wants Exxon, others to prospect in country

Fearing $150 oil, India wants Exxon, others to prospect in country originally appeared on BloggingStocks on Tue, 08 Jan 2008 16:22:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>$150 oilAsiaChevronCVXemerging marketsExxonMobilglobal oil demandglobal oil suppyIndiaoiloil explorationoil pricesOPECpeak oilXOMTue, 08 Jan 2008 16:22:00 EST<![CDATA[Best Stocks for 2008: Transocean (RIG), Boeing (BA)]]>http://www.bloggingstocks.com/2007/12/28/best-stocks-for-2008-transocean-rig-boeing-ba/http://www.bloggingstocks.com/2007/12/28/best-stocks-for-2008-transocean-rig-boeing-ba/http://www.bloggingstocks.com/2007/12/28/best-stocks-for-2008-transocean-rig-boeing-ba/#commentsFiled under: , ,

Concerning top picks for 2008, those assertive investors who can tolerate moderate/high risk should consider Transocean (NYSE: RIG). Transocean is favored here because it fits the investment theme of well-capitalized, experienced companies with long-term global trends in the company's favor. Transocean offers deepwater drilling services in the world's major offshore oil-producing regions, including Africa, Asia, Brazil, Canada, India, Middle East, Gulf of Mexico, and the North Sea -- and demand for drilling services is unlikely to decline in the immediate years ahead. Sell / Stop Loss if you were to purchase shares in this company: $84.

For those in need of a safer, large-cap play, consider Boeing (NYSE: BA), which boasts a solid commercial airline order book. Boeing is expected to win its global aviation battle with European rival Airbus, and in the process, transform flight as the 21st century progresses. Boeing's ace in the ongoing battle? The 787 Dreamliner, a super-efficient aircraft that will give airlines the profit margins they need and passengers the creature comforts/amenities they require in the digital age. Sell / Stop Loss if you were to purchase shares in this company: $58.

DISCLOSURE: Joseph Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds, and cash certificates of deposit.

Best Stocks for 2008: Transocean (RIG), Boeing (BA) originally appeared on BloggingStocks on Fri, 28 Dec 2007 16:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2008BAbest stocks 2008Boeingglobal oil demandglobal oil supplyGlobalOilDemandGlobalOilSupplyoffshore oil explorationoiloil explorationoil pricesRIGtop picksTransoceanFri, 28 Dec 2007 16:50:00 EST<![CDATA[XTO Energy: A solid play in natural gas]]>http://www.bloggingstocks.com/2007/12/13/xto-energy-a-solid-play-in-natural-gas/http://www.bloggingstocks.com/2007/12/13/xto-energy-a-solid-play-in-natural-gas/http://www.bloggingstocks.com/2007/12/13/xto-energy-a-solid-play-in-natural-gas/#commentsFiled under: , , ,

The market in late 2007 and early 2008 -- how shall one put it? Well, diplomatically, there are a few uncertainties to keep investors awake at night: subprime mortgage defaults, the extent of the credit crunch, the price of oil, inflation, geopolitical concerns, to name just a few.

In this climate it's best to consider a defensive play or two, and while the oil and gas sector is not defensive, strictly speaking, XTO Energy comes close to fitting the bill. That's because XTO Energy (NYSE: XTO) buys primarily demonstrated oil and gas properties. XTO owns interests in more than 18,800 wells and operates gas gathering systems in Arkansas, Kansas, Oklahoma, and Texas.

Analysts expect oil and gas production growth of 17%-20% in 2007, and 14%-17% in 2008. Analysts also like XTO's 6.9 trillion cubic feet of proved natural gas reserves. Look for natural gas to play a larger role in the United States' energy use, amid sustained high oil prices and increasing environmental awareness. The Reuters F2007/F2008 EPS consensus estimates for XTO are $4.40/$4.33.

Continue reading XTO Energy: A solid play in natural gas

XTO Energy: A solid play in natural gas originally appeared on BloggingStocks on Thu, 13 Dec 2007 10:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>energynatural gasnatural gas explorationoiloil explorationoil pricesXTOXTO EnergyThu, 13 Dec 2007 10:32:00 EST<![CDATA[The profits aren't accidental for Occidental]]>http://www.bloggingstocks.com/2007/11/30/the-profits-arent-accidental-for-occidental/http://www.bloggingstocks.com/2007/11/30/the-profits-arent-accidental-for-occidental/http://www.bloggingstocks.com/2007/11/30/the-profits-arent-accidental-for-occidental/#commentsFiled under: , ,

Readers of this space know that a preferred sector given current U.S. economic and global growth conditions is the oil / oil services sector.

Further, a mild oil price pull-back does not change the sector's outlook, nor does it change the prospects for Occidental Petroleum (NYSE: OXY).

Occidental has what many analysts like: a geographically diverse reserve base, demonstrated production, substantial liquidity, and ample reserves.

Continue reading The profits aren't accidental for Occidental

The profits aren't accidental for Occidental originally appeared on BloggingStocks on Fri, 30 Nov 2007 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesnatural gasnatural gas servicesOccidentalPetroleumoiloil explorationoil pricesoil servicesoil stocksOilExplorationOXYFri, 30 Nov 2007 16:00:00 EST<![CDATA[Chevron (CVX): Energy expert's favorite integrated oil]]>http://www.bloggingstocks.com/2007/11/29/chevron-cvx-enrgy-experts-favorite-integrated-oil/http://www.bloggingstocks.com/2007/11/29/chevron-cvx-enrgy-experts-favorite-integrated-oil/http://www.bloggingstocks.com/2007/11/29/chevron-cvx-enrgy-experts-favorite-integrated-oil/#commentsFiled under: , , , , , ,

"The big, integrated oil companies are known for their relative safety and stability, and most have been paying dividends for many years " says energy expert Elliott Gue.

In his The Energy Strategist he explains, "These have been among the most reliable stocks investors can own in the long run." Here, he looks at Chevron (NYSE: CVX), which he calls his favorite among the US independent oil companies.

"Chevron remains relatively cheap in three valuation measures: price-to-barrel of oil equivalents; price-to-earnings and price-to-cash-flow. And while its 2.7% yield doesn't exactly make Chevron an income stock, it's consistently boosted that payout over time by more than 10% annualized over the past five years.

"Chevron is also one of the only Super Oils that will show meaningful growth in production over the coming few years. Even more important, it's scheduled to start up four major projects over just the next two years that will generate significant production growth upside near term. Here's a quick rundown:

"Tahiti is a deepwater field in the Gulf of Mexico where Chevron holds a 58% stake. The field is expected to have a peak production rate of 125,000 barrels of oil per day and 70 million cubic feet of natural gas.

Continue reading Chevron (CVX): Energy expert's favorite integrated oil

Chevron (CVX): Energy expert's favorite integrated oil originally appeared on BloggingStocks on Thu, 29 Nov 2007 11:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chevroncvxdeepsea drillingelliott gueenergy stocksnatural gas stocksoil explorationoil stockssteven halpernthe energy strategistthestockadvisors.comThu, 29 Nov 2007 11:25:00 EST<![CDATA[Exxon Mobil (XOM) signs Libyan offshore deal]]>http://www.bloggingstocks.com/2007/11/20/exxon-mobil-xom-signs-libyan-offshore-deal/http://www.bloggingstocks.com/2007/11/20/exxon-mobil-xom-signs-libyan-offshore-deal/http://www.bloggingstocks.com/2007/11/20/exxon-mobil-xom-signs-libyan-offshore-deal/#commentsFiled under: , , ,

The world's largest oil company, Exxon Mobil Corp. (NYSE: XOM) announced today that it has signed a 5 year agreement with the national oil company of Libya to explore its offshore potential.

Exxon Mobil stated that this agreement provides the company with exploration rights to "one of the most prospective unlicensed areas" located in the Libyan offshore area. The offshore exploration will take place approximately 110 miles off the Libyan coast, and the area is roughly 2.5 million acres. The water depth of the location ranges between 5,400 feet to more than 8,700 feet below sea level.

The Wall Street Journal (subscription required) reported that under the terms of the deal, Exxon Mobil will drill at least one well in the area, as well as pay a bonus to the Libyan government. Terms of the bonus were not disclosed.

Last year Libya ranked 8th in production among OPEC nations, and was removed from the U.S. list of countries that sponsored terrorism less than two years ago.

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer. DISCLOSURE: Mr. Fowlkes owns and/or controls diversified portfolios of long and short stock and option positions that include holdings in XOM.

Exxon Mobil (XOM) signs Libyan offshore deal originally appeared on BloggingStocks on Tue, 20 Nov 2007 16:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Exxon MobilExxonMobilLibyaoiloil explorationOilExplorationXOMTue, 20 Nov 2007 16:35:00 EST<![CDATA[Russia says oil production growth to slow]]>http://www.bloggingstocks.com/2007/11/19/russia-says-oil-production-growth-to-slow/http://www.bloggingstocks.com/2007/11/19/russia-says-oil-production-growth-to-slow/http://www.bloggingstocks.com/2007/11/19/russia-says-oil-production-growth-to-slow/#commentsFiled under: , , , , , , , ,

Russia tempered the enthusiasm of oil supply bulls when it announced that it expected oil production to grow only modestly over the next several years.

Russia, the world's no. 2 crude exporter after Saudi Arabia, said production would increase to only about 10.4 million barrels per day, up only 6% from the current 9.8 million barrels per day, The Wall Street Journal reported [Subscription required].

Viktor Khristenko, Russia's oil minister, said Russia has promising oil finds in Eastern Siberia, Arctic North and Sakhalin Island, but that Russia would not duplicate the superior +10% oil production growth the nation has achieved earlier this decade.

Continue reading Russia says oil production growth to slow

Russia says oil production growth to slow originally appeared on BloggingStocks on Mon, 19 Nov 2007 10:48:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>alternative energyArcticAsiaclimate changeconservationemerging marketsenvironmentEuropegasolinegasoline pricesGDPglobal economyinthenewsoiloil consumptionoil explorationoil pricesOPECRussiaSaudi ArabiaSaudiArabiaSiberiaMon, 19 Nov 2007 10:48:00 EST<![CDATA[Apache: Right now, it's all about oil]]>http://www.bloggingstocks.com/2007/11/16/apache-right-now-its-all-about-oil/http://www.bloggingstocks.com/2007/11/16/apache-right-now-its-all-about-oil/http://www.bloggingstocks.com/2007/11/16/apache-right-now-its-all-about-oil/#commentsFiled under: , , , ,

Just call Apache a buying opportunity extraordinaire. Oil/gas exploration and development company Apache (NYSE: APA) has dipped about $10 from 52-week highs around $107.50 to about $97, due to oil's recent pull-back.

As a result, APA's p/e is down to about 15. A p/e of 15 may not seem that cheap, but given Apache's upside potential -- it is. Look for Apache to continue to achieve solid growth through internal investment and acquisitions. Apache has several key exploration discoveries set to enter development stage and will drill nine wells in Canada this winter as part of its oil shale operations.

Overall, analysts see Apache's oil and gas volumes increasing about 10%-12% in 2007 and 2008. Even better: the company believes it can generate double-digit production growth for the next decade. The Reuters F2007/F2008 EPS consensus estimates for APA are $7.54/$8.84.

Continue reading Apache: Right now, it's all about oil

Apache: Right now, it's all about oil originally appeared on BloggingStocks on Fri, 16 Nov 2007 09:39:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>APAApacheAustraliaCanadaEgyptenergygasoline pricesnatural gasoiloil explorationoil pricesoil stocksFri, 16 Nov 2007 09:39:00 EST<![CDATA['Seize the day' with Schlumberger]]>http://www.bloggingstocks.com/2007/11/14/seize-the-day-with-schlumberger/http://www.bloggingstocks.com/2007/11/14/seize-the-day-with-schlumberger/http://www.bloggingstocks.com/2007/11/14/seize-the-day-with-schlumberger/#commentsFiled under: , , , , ,

In the 1989 motion picture "Dead Poets Society," actor Robin Williams, playing school teacher John Keating, inspires his new students to take advantage of opportunities presented in life, to "seize the day." Well, if Robin Williams will allow, now is the time to "seize the day with Schlumberger." (Pronounced: shlum-bur-ZJAY.)

Oilfield services company Schlumberger Ltd. (NYSE: SLB) is likely to benefit from growing demand for oilfield services technology, particularly in the high technology-dependent Middle East, Africa, and Eastern Europe regions.

Further, although North American margins have narrowed somewhat so far in 2007, international margins widened. Overall, in 2008 analysts see SLB's margins totaling 30% -- still a very healthy figure -- with revenue growth of 12-14%.

Continue reading 'Seize the day' with Schlumberger

'Seize the day' with Schlumberger originally appeared on BloggingStocks on Wed, 14 Nov 2007 12:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AfricaAsiaEastern Europeemerging marketsMiddle Eastoiloil explorationoil productionoil servicesSchlumbergerSLBWed, 14 Nov 2007 12:15:00 EST<![CDATA[Pride International (PDE): Don't underestimate Pride]]>http://www.bloggingstocks.com/2007/09/13/pride-international-pde-dont-underestimate-pride/http://www.bloggingstocks.com/2007/09/13/pride-international-pde-dont-underestimate-pride/http://www.bloggingstocks.com/2007/09/13/pride-international-pde-dont-underestimate-pride/#commentsFiled under: , ,

Having just shed its land-based oil exploration division, Pride International Inc. (NYSE: PDE) is now focusing only on offshore drilling for oil. According to a recent report from Goldman Sachs, this move puts PDE's stock price in a position to grow significantly even while the report claimed the outlook is down for offshore drilling as a whole.

According to the Goldman report, PDE's assets have been undervalued by the market, and there's a potential for backlogs to grow and increase profitability. This report expects profits, which have been growing steadily along with revenues, to grow even more over the next year as costs come down.

It's not just the Goldman analysts who have been paying attention to this stock. PDE has recently undertaken contracts to build two new drill ships, which will give the company much more range to seek out profitable drilling areas, and the company is widely seen as a potential acquisition target. Meanwhile, getting out of Latin America frees the company from dealing with leaders like Hugo Chavez or Evo Morales.

Continue reading Pride International (PDE): Don't underestimate Pride

Pride International (PDE): Don't underestimate Pride originally appeared on BloggingStocks on Thu, 13 Sep 2007 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredGSHilary on StocksHilaryOnStocksOil explorationOilExplorationPDEstocks to buyStocksToBuyThu, 13 Sep 2007 08:30:00 EST<![CDATA[Marathon picks up big stake in Canadian oil sands]]>http://www.bloggingstocks.com/2007/07/31/marathon-picks-up-big-stake-in-canadian-oil-sands/http://www.bloggingstocks.com/2007/07/31/marathon-picks-up-big-stake-in-canadian-oil-sands/http://www.bloggingstocks.com/2007/07/31/marathon-picks-up-big-stake-in-canadian-oil-sands/#commentsFiled under: , , , , , ,

There was a big acquisition announced today [subscription required] in the world of oil and gas, as Marathon Oil Corp (NYSE: MRO) is picking up Canada's Western Oil Sands Inc. for $5.56 billion, plus assumed debt of $650 million.

The deal is going to give Marathon Oil a huge presence in one of the world's largest crude oil reservoirs, the Athabasca Oil Sands Project. The deal, which is scheduled to finalize during the fourth quarter of this year, is going to give Marathon control over 300,000 gross acres of oil sands.

There are lots of hopes riding on the future of oil coming out of the Canadian oil sands. While the cost of getting that oil out of the ground is much higher than the cost of normal oil exploration, there are several reasons why it is being viewed as very profitable. The primary reason is the close proximity that the area has to America, which is, after all, the world's largest consumer. Being the closest supplier to the world's largest consumer of oil puts companies in Canada in a very enviable position.

Continue reading Marathon picks up big stake in Canadian oil sands

Marathon picks up big stake in Canadian oil sands originally appeared on BloggingStocks on Tue, 31 Jul 2007 14:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>canadaCanadian oil sandsCanadianOilSandsinthenewsMarathon Oil CorpMarathonOilCorpmergersmroNYSE: MRONyse:Mrooil explorationOilExplorationWestern Oil SandsWesternOilSandsTue, 31 Jul 2007 14:10:00 EST