Relief as Oil Prices Drop Massively, but Expert Warns That Celebrations May Be Premature
In the last two weeks, crude oil prices have slipped, and concerns about recession continue to grow, as judged by some commentators. The benchmark for Brent crude is currently at US $109.11 as it gets ... [Read]
Top Oil Stocks to Buy as Crude Prices Crash
The past few weeks have been singularly tough for some of the top oil stocks on the market. The onset of the coronavirus pandemic has come as a massive blow to some of the biggest ... [Read]
4 Oil Stocks to Watch as Prices Fall Due to the OPEC War
While the coronavirus crisis has sent the financial markets across the world into a tailspin, the situation has been further compounded by the OPEC War, which has led to a crash in oil prices. The ... [Read]
MDR Stock Hits New Low as Company Enters Bankruptcy Discussions
MDR stock has sunk to an all-time low today amidst reports that McDermott International (NYSE:MDR) has entered into bankruptcy discussions with its creditors. The embattled oilfield services provider is in talks with lenders to file ... [Read]
CNQ Stock Soars on Increased Spending Plans for 2020
CNQ stock is one of the biggest gainers on Wednesday after Canadian Natural Resources Ltd (TSX:CNQ) (NYSE:CNQ) said that it plans a 2020 capital budget of $4.05 billion with a targeted production of 1.17 million ... [Read]
XOM Stock Drops Following Conclusion of Climate Trial
XOM stock is trading down on Friday following the conclusion of the state of New York’s trial against ExxonMobil Corp (NYSE:XOM) in relation to its role in contributing to the climate crisis. The trial, which ... [Read]
CHK Stock Turns Higher Ahead of Q3 Earnings This Week
The uncertainty in the energy and oil market has proven to be a problem for many energy stocks, and in that regard, Chesapeake Energy Corporation (NYSE:CHK) is no exception. In 2019, CHK stock has lost ... [Read]
How a Minority Government Could Impact Canada’s Energy Sector
Canadians awoke to news on Thursday that Justin Trudeau would lead the country’s government for a second term after his Liberal party failed to achieve a majority, meaning Canada will see its first minority government ... [Read]
HSE Stock Sinks on Disappointing Earnings and Major Layoffs
HSE stock is in the red today after Husky Energy (TSX:HSE) (OTCPK:HUSKF) reported underwhelming third-quarter results and announced plans to layoff an indefinite number of its staff. Husky reported a 50% drop in quarterly profit ... [Read]
PBR Stock Gains After Reporting Robust Third Quarter Numbers
PBR stock is moving up on Friday after Petroleo Brasil (NYSE:PBR) reported a solid rise in Q3 production to 2.88M boe/day. Impressive Jump in production Brazil’s state-run oil behemoth Petroleo Brasileiro SA, better known as Petrobas, ... [Read]