|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||72.86 - 72.86|
|52-week range||72.86 - 73.16|
|Beta (3Y monthly)||0.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||2.68 (3.67%)|
|1y target est||N/A|
China’s call to its oil majors to increase energy production from domestic sources has resonated with the big 3, but production successes aren’t mind-blowing just yet
Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract will involve investments of US$53 billion and potential returns for Baghdad of as much as US$400 billion over its lifetime
Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced Tuesday. The 30-year project would boost output from Iraq's southern oil fields, and includes designs to capture natural gas, which is currently lost to flaring, for production, Abdel-Mahdi said at a press conference.
PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan (34.28 billion pounds) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record level came as PetroChina pledged to ramp up oil and gas production and reserves to answer Beijing's call for greater energy security. The group expects crude oil output this year at 905.9 million barrels and gas output of 3,811.0 billion cubic feet, it said in its earnings statement, with the total oil and gas equivalent of 1,541.2 million barrels.
Australia’s ambitions of becoming a world class LNG exporter are looking bleak as a part of the country will now have to start importing the commodity
MELBOURNE/SINGAPORE (Reuters) - Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia's biggest coal seam gas resource, three industry sources said. PetroChina, the listed arm of China National Petroleum Corp (CNPC), is eager to start developing Arrow's 5 trillion cubic feet (140 billion cubic meters) of gas in the Surat Basin in Queensland to turn around loss-making Arrow Energy, one of its key overseas assets. It is at the mercy of venture partner Shell, however, as the Anglo-Dutch oil company is also majority owner of Arrow's biggest potential customer, Queensland Curtis LNG (QCLNG), a liquefied natural gas plant on an island off Queensland state.
Suncor Is Trading at a Premium Despite Falling 30% in Q4 (Continued from Prior Part) ## Short interest in Suncor Suncor Energy’s (SU) short interest (its percentage of outstanding shares) has risen 0.5% since October 1, the beginning of the fourth quarter, to 0.8%. Suncor stock has fallen 30.3%. A rise in short interest implies increased bearishness toward a stock. ## Why the change in sentiment? Bearishness toward Suncor may have risen due to its lower-than-expected third-quarter earnings of 0.96 Canadian dollars and weak fourth-quarter earnings forecast, and the Government of Alberta’s announcement of production cuts. Despite the cuts, which aim to address the province’s supply glut, Suncor expects its production to grow by 10% in 2019. A rise in volumes could soften bearishness toward the stock. In the fourth quarter, the company’s earnings could fall due to upstream earnings being impacted by lower oil prices. WTI has fallen 40% since October 1. ## Peers’ short interest Since October 1, Suncor peers PetroChina (PTR), ExxonMobil (XOM), and Chevron (CVX) have seen their short interest rise by 0.1% to 0.2%, 0.8%, and 1.1%, respectively, and their stock prices fall 26.4%, 20.6%, and 12.7%. Browse this series on Market Realist: * Part 1 - Why Suncor Is Trading at a Premium after Falling * Part 2 - What Prompted Suncor Stock to Fall 30% in the Fourth Quarter * Part 3 - What Do Suncor’s Moving Averages Suggest?
Suncor Is Trading at a Premium Despite Falling 30% in Q4(Continued from Prior Part)Suncor’s moving averages Previously, we saw that Suncor Energy (SU) stock fell 30% in the fourth quarter. In this part, we’ll look at its moving average trends.
In the previous part, we looked at Total’s (TOT) moving average trend. Now, we’ll consider its implied volatility to forecast its stock price range until December 31, 2018.
In the previous part, we saw that Total (TOT) stock has fallen 21% in the current quarter. Now let’s look at Total’s moving average trend in the quarter.
Total (TOT) stock has fallen 21% in the fourth quarter so far. In the same period, crude oil prices and equity markets have also slumped. WTI (West Texas Intermediate), the benchmark oil, has fallen 39% in the current quarter. Plus, the SPDR S&P 500 ETF (SPY), a broader market indicator, has declined 17% in the fourth quarter so far.
So far, BP (BP) stock has fallen 18% in the fourth quarter due to the fall in oil prices. WTI, the benchmark oil, has fallen 34% in the fourth quarter. Equity markets have also fallen in the fourth quarter. The SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index, has declined 12% in the fourth quarter.
In the previous part, we reviewed the changes in the institutional holdings in Royal Dutch Shell (RDS.A). In this part, we’ll discuss the changes in Shell’s short interest.
We started this series by reviewing Royal Dutch Shell’s (RDS.A) stock price performance and moving average trends. In the previous part, we estimated Shell’s stock price forecast range based on its current implied volatility. In this part, we’ll discuss Shell’s dividend yield trend. First, let’s look at Shell’s dividend payment in the current quarter.
The implied volatility in Royal Dutch Shell (RDS.A) has risen by nine percentage points compared to October 1 to the current level of 26%. During the same period, Shell stock has declined 15%. The implied volatility in Shell stock and its stock price have moved inversely during the quarter.
In this series, we’ve reviewed Chevron (CVX) stock’s moving averages, its decline this quarter, and how the company’s robust third-quarter earnings boosted it in November. In this part, we’ll estimate Chevron’s stock price based on its implied volatility.