Anadarko Petroleum (NYSE: APC), Zumiez (NASDAQ: ZUMZ), CNinsure Inc. (NASDAQ: CISG), Clayton Williams Energy Inc (NASDAQ: CWEI) and Monsanto Co. (NYSE: MON) had their ratings reiterated by analysts.
Piper Jaffray (NYSE:PJC) reiterated an "Overweight" rating on Zumiez (ZUMZ).
Bank of America (NYSE:BAC) reiterated a "Buy" rating on Anadarko Petroleum (APC).
Piper Jaffray reiterated an "Underweight" rating on CNinsure Inc. (CISG).
Wunderlich reiterated a "Buy" rating on Clayton Williams Energy Inc (CWEI).
Piper Jaffray reiterated an “Overweight” on Monsanto Co. (MON).
Showing posts with label Clayton Williams Energy. Show all posts
Showing posts with label Clayton Williams Energy. Show all posts
Wednesday, August 31, 2011
Monday, August 1, 2011
Potash (POT) (CNX) (CWEI) (VPRT) (STEC) (GILD) Downgraded
Potash Corp. (NYSE: POT), CONSOL Energy Inc. (NYSE: CNX), Clayton Williams Energy Inc. (NASDAQ: CWEI), VistaPrint (NASDAQ: VPRT), STEC Inc (NASDAQ: STEC) and Gilead Sciences, Inc. (NASDAQ: GILD) downgraded by analysts.
CONSOL Energy Inc. (CNX) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating. They have a price target of $57.00 on the company, down from $59.00.
Clayton Williams Energy Inc. (CWEI) was downgraded by Global Hunter Securities from a “Buy” rating to a “Neutral” rating. They have a price target of $99.50 on the company, down from $101.75.
Potash Corp. (POT) was downgraded by Scotia Capital from an “Outperform” rating to a “Sector Perform” rating.
VistaPrint (VPRT) was downgraded by Piper Jaffray (NYSE:PJC) to an “Underweight” rating. They have a price target of $22.00 on the company.
STEC Inc. (STEC) was downgraded by Northland Securities from an “Outperform” rating to a “Market Perform” rating. They have a price target of $12.00 on the company, down from $23.00.
Gilead Sciences, Inc. (GILD) was downgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Sell” rating. They have a price target of $27.00 on the company.
CONSOL Energy Inc. (CNX) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating. They have a price target of $57.00 on the company, down from $59.00.
Clayton Williams Energy Inc. (CWEI) was downgraded by Global Hunter Securities from a “Buy” rating to a “Neutral” rating. They have a price target of $99.50 on the company, down from $101.75.
Potash Corp. (POT) was downgraded by Scotia Capital from an “Outperform” rating to a “Sector Perform” rating.
VistaPrint (VPRT) was downgraded by Piper Jaffray (NYSE:PJC) to an “Underweight” rating. They have a price target of $22.00 on the company.
STEC Inc. (STEC) was downgraded by Northland Securities from an “Outperform” rating to a “Market Perform” rating. They have a price target of $12.00 on the company, down from $23.00.
Gilead Sciences, Inc. (GILD) was downgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Sell” rating. They have a price target of $27.00 on the company.
Tuesday, July 19, 2011
Clayton Williams (CWEI) (MPC) (NGL) (ROSE) (SGY) (WLT) Price Targets Changed
Clayton Williams Energy Inc (NASDAQ: CWEI), Marathon Petroleum (NYSE: MPC), NGL Energy Partners (NYSE: NGL), Rosetta Resources Inc. (NASDAQ: ROSE), Stone Energy (NYSE: SGY) and Walter Energy (NYSE: WLT) price targets changed.
Clayton Williams Energy Inc (CWEI) is now getting coverage from Wunderlich. They placed a “buy” rating and a price target of $100.00 on the company.
Marathon Petroleum (MPC) is now getting coverage from analysts at Howard Weil. They placed an “outperform” rating and a price target of $45.00 on the company.
NGL Energy Partners (NGL) is now covered by analysts at Robert W. Baird. They placed an “outperform” rating and a price target of $22.00 on the company.
Rosetta Resources Inc. (ROSE) is now getting coverage from analysts at Dahlman Rose. placed a “buy” rating and a $65.00 price target on the company.
Stone Energy (SGY) is getting coverage from Dahlman Rose. They placed a “buy” rating and a price target of $38.00 on the company.
Walter Energy (WLT) is getting coverage from analysts at Citigroup (NYSE:C). They placed a “positive” rating and a price target of $144.00 on the company.
Clayton Williams Energy Inc (CWEI) is now getting coverage from Wunderlich. They placed a “buy” rating and a price target of $100.00 on the company.
Marathon Petroleum (MPC) is now getting coverage from analysts at Howard Weil. They placed an “outperform” rating and a price target of $45.00 on the company.
NGL Energy Partners (NGL) is now covered by analysts at Robert W. Baird. They placed an “outperform” rating and a price target of $22.00 on the company.
Rosetta Resources Inc. (ROSE) is now getting coverage from analysts at Dahlman Rose. placed a “buy” rating and a $65.00 price target on the company.
Stone Energy (SGY) is getting coverage from Dahlman Rose. They placed a “buy” rating and a price target of $38.00 on the company.
Walter Energy (WLT) is getting coverage from analysts at Citigroup (NYSE:C). They placed a “positive” rating and a price target of $144.00 on the company.
Thursday, May 19, 2011
Berry (BRY) (CPE) (CRZO) (CWEI) (CRK) Soar on Weak U.S. Dollar
Shares of oil companies Berry Petroleum (NYSE:BRY), Callon Petroleum (NYSE:CPE), Carrizo Oil & Gas (NASDAQ:CRZO), Clayton Williams Energy (NASDAQ:CWEI) and Comstock Resources (NYSE:CRK) were traded up Wednesday after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.
Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.
The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.
Traders bought commodities, including oil, on the weaker greenback.
Berry Petroleum (BRY) closed Wednesday at $48.34, gaining $3.49, or 7.78 percent.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.
Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.
The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.
Traders bought commodities, including oil, on the weaker greenback.
Berry Petroleum (BRY) closed Wednesday at $48.34, gaining $3.49, or 7.78 percent.
Monday, May 16, 2011
Cameron (CAM) (WTI) (CLR) (CWEI) (BEXP) Trade Mixed as Oil Prices Rebounded
Shares of Cameron International (NYSE:CAM), W&T Offshore (NYSE:WTI), Continental Resources (NYSE:CLR), Clayton Williams Energy (NASDAQ:CWEI) and Brigham Exploration (NASDAQ:BEXP) traded mixed even as oil prices closed Friday in positive territory.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Cameron International (CAM) closed Friday at $49.65, gaining $0.82, or 1.68 percent.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Cameron International (CAM) closed Friday at $49.65, gaining $0.82, or 1.68 percent.
Wednesday, May 11, 2011
Clayton Williams Energy (CWEI) Trades Up as Oil, Gas Rise
Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Clayton Williams Energy (NASDAQ:CWEI) a boost.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
For the most part, Clayton Williams Energy, Inc. participates in the exploration for and production of oil and natural gas in Texas, Louisiana, and New Mexico.
Clayton Williams (CWEI) closed at $81.99, rising $0.25, or 0.31 percent.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
For the most part, Clayton Williams Energy, Inc. participates in the exploration for and production of oil and natural gas in Texas, Louisiana, and New Mexico.
Clayton Williams (CWEI) closed at $81.99, rising $0.25, or 0.31 percent.
Tuesday, May 10, 2011
Chevron (CVX) (CWEI) (CLR) (EPM) (NOV) Trade Up as Oil Prices Jump
The majority of oil and related companies performed strong Monday, as Chevron (NYSE:CVX), Clayton Williams Energy (NASDAQ:CWEI), Continental Resources (NYSE:CLR), Evolution Petroleum (Amex:EPM) and National-Oilwell Varco, Inc. (NYSE:NOV) traded up as the price of oil rebounded.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
National-Oilwell Varco, Inc. (NOV) closed Monday at $70.67, climbing $2.07, or 3.02 percent.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
National-Oilwell Varco, Inc. (NOV) closed Monday at $70.67, climbing $2.07, or 3.02 percent.
Monday, May 9, 2011
Shares of (TSO) (VLO) (BEXP) (CWEI) Trade Up as Oil Closed Down 15% Last Week
Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Tesoro Corporation (NYSE:TSO), Valero Energy (NYSE:VLO), Brigham Exploration (NASDAQ:BEXP), Clayton Williams Energy (NASDAQ:CWEI), and others, down with it, although all those listed here closed Friday in positive territory.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Brigham Exploration (BEXP) closed Friday at $28.33, jumping $0.74, or 2.68 percent.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Brigham Exploration (BEXP) closed Friday at $28.33, jumping $0.74, or 2.68 percent.
Thursday, May 5, 2011
Cameron (CAM) (TSO) (ECA) (KOG) (CWEI) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Tesoro Corporation (NYSE:TSO), Encana Corp. (NYSE:ECA), Kodiak Oil & Gas (Amex:KOG), Clayton Williams Energy (NASDAQ:CWEI) and Cameron International (NYSE:CAM) all closed down Wednesday as oil prices took a breather.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Cameron International (NYSE:CAM) closed Wednesday at $48.70, falling $2.09, or 4.11 percent.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Cameron International (NYSE:CAM) closed Wednesday at $48.70, falling $2.09, or 4.11 percent.
Wednesday, May 4, 2011
Chesapeake (CHK) (FTI) (SWN) (CWEI) (APA) Drop as Oil Prices Fall
Decreasing demand for fuel has pushed down oil inventories and the price of oil, putting pressure on FMC Technologies, Inc. (NYSE:FTI), Southwestern Energy (NYSE:SWN), Clayton Williams Energy (NASDAQ:CWEI), Chesapeake Energy Corp. (NYSE:CHK) and Apache Corp (NYSE:APA).
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Chesapeake Energy Corp. (CHK) closed Tuesday at $31.33, falling $1.90, or 5.72 percent.
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Chesapeake Energy Corp. (CHK) closed Tuesday at $31.33, falling $1.90, or 5.72 percent.
Tuesday, May 3, 2011
Chesapeake (CHK) (TTES) (CLR) (CWEI) (HAL) Trade Down on Volatile Energy Day
Shares of T-3 Energy Services, Inc. (NASDAQ:TTES), Continental Resources (NYSE:CLR), Clayton Williams Energy (NASDAQ:CWEI), Chesapeake Energy Corp. (NYSE:CHK) and Halliburton (NYSE:HAL) closed down on the uncertainty following the death of Osama bin Laden.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Chesapeake Energy Corp. closed Monday at $33.23, dropping $0.44, or 1.31 percent.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Chesapeake Energy Corp. closed Monday at $33.23, dropping $0.44, or 1.31 percent.
Monday, May 2, 2011
Halliburton (HAL) (CWEI) (RRC) (FTI) (PTR) Trade Mixed on Gas, Oil Price Jumps
Halliburton (NYSE:HAL), Clayton Williams Energy (NASDAQ::CWEI), Range Resources (NYSE:RRC), FMC Technologies, Inc. (NYSE:FTI) and PetroChina (NYSE:PTR) close mix Friday as oil and gasoline prices jump again.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Halliburton closed Friday at $50.48, gaining $0.22, or 0.44 percent.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Halliburton closed Friday at $50.48, gaining $0.22, or 0.44 percent.
Friday, April 29, 2011
Lufkin (LUFK) (WTI) (CWEI) (SLB) (CAM) Close Mixed as Oil, Gas Rise
Lufkin Industries, Inc. (NASDAQ:LUFK), W&T Offshore (NYSE:WTI), Clayton Williams Energy (NASDAQ:CWEI), Schlumberger (NYSE:SLB) and Cameron International (NYSE:CAM) closed mixed as oil, gasoline and natural gas moved up in price Thursday.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.
Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.
In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.
Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.
The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.
Wednesday, April 27, 2011
Crimson (CXPO) (EPM) (CWEI) (VLO) Close Mixed as Oil Settles at $112.21
Evolution Petroleum (Amex:EPM), Crimson Exploration (NASDAQ::CXPO), Clayton Williams Energy (NASDAQ::CWEI) and Valero Energy (NYSE:VLO) closed mixed Tuesday as oil for June delivery fell below the $112.21 it settled at, as the American Petroleum Institute reported at 4:30 PM EDT that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. Apache was the only company of the four trading in the black Tuesday.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline climbed over 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices continue to stay low in comparison to three years ago. It's now trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts generated over twice that.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline climbed over 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices continue to stay low in comparison to three years ago. It's now trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts generated over twice that.
Tuesday, April 26, 2011
Berry (BRY) (BEXP) (CWEI) (PXP) Close Mixed as Oil Prices Pull Back
Oil prices should keep climbing toward the highs of 2008 as growing demand isn't matched by additional supplies and the price jump has been slow to cut into consumption, as Brigham Exploration (NASDAQ::BEXP), Berry Petroleum (NYSE:BRY), Clayton Williams Energy (NASDAQ::CWEI) and Plains Exploration & Production (NYSE:PXP) closed mixed Monday, April 25.
The front-month Brent crude-oil futures contract, the London benchmark, pulled back from a 2½-year high of $127 a barrel on April 11, amid concerns that soaring prices are hurting demand. It settled at $123.66 a barrel on Monday, up 5.4 percent so far in April. The front-month June contract on the New York Mercantile Exchange pulled back one cent to $112.28, still up 5.2 percent this month and 23 percent in 2011.
Benchmark crude for June delivery dropped a penny to settle at $112.28 a barrel on the New York Mercantile Exchange. In London, Brent crude fell 33 cents to settle at $123.66 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil was down 1.73 cents to settle at $3.1989 a gallon and gasoline futures increased a little less than a penny to settle at $3.2785 a gallon. Natural gas dropped 2.3 cents to $4.389 per 1,000 cubic feet.
The front-month Brent crude-oil futures contract, the London benchmark, pulled back from a 2½-year high of $127 a barrel on April 11, amid concerns that soaring prices are hurting demand. It settled at $123.66 a barrel on Monday, up 5.4 percent so far in April. The front-month June contract on the New York Mercantile Exchange pulled back one cent to $112.28, still up 5.2 percent this month and 23 percent in 2011.
Benchmark crude for June delivery dropped a penny to settle at $112.28 a barrel on the New York Mercantile Exchange. In London, Brent crude fell 33 cents to settle at $123.66 a barrel on the ICE Futures exchange.
In other Nymex trading, heating oil was down 1.73 cents to settle at $3.1989 a gallon and gasoline futures increased a little less than a penny to settle at $3.2785 a gallon. Natural gas dropped 2.3 cents to $4.389 per 1,000 cubic feet.
Thursday, April 21, 2011
Crimson (CXPO) (CRK) (PXP) (CWEI) Close Up as Oil Prices Explode
Shares of Comstock Resources (NYSE:CRK), Plains Exploration & Production (NYSE:PXP), Clayton Williams Energy (Nasdaq:CWEI) and Crimson Exploration (NASDAQ:CXPO) all closed up on Wednesday as oil prices surged in response to news oil inventories unexpectedly dropped.
Oil prices exploded on Wednesday to roar above the $111 a barrel mark, as the U.S. Energy Information Administration announced oil inventories fell by 2.3 million barrels for the week ending April 15.
On the New York Mercantile Exchange, May delivery for West Texas Intermediate crude rose $3.17 or 2.93 percent to reach $111.45 a barrel.
The weakness of the U.S. dollar helped boost a number of commodities, including oil, as the U.S. dollar index dropped 0.91 on Wednesday.
Home heating oil prices increased 6.29 cents to $3.2214 a gallon. Reformulated blendstock gasoline prices rose 4.42 cents to $3.2773 a gallon.
Henry Hub natural gas prices jumped 4.8 cents to $4.31 per million British thermal units.
The national average price of unleaded gasoline climbed to $3.837 a gallon Wednesday, up from Tuesday's $3.835, according to AAA.
Crimson Exploration closed Wednesday at $3.91, up $0.04, or 1.03 percent. Clayton Williams Energy closed at $94.18, gaining $2.01, or 2.18 percent. Plains Exploration & Production ended the trading session at $25.25, jumping $0.56, or 1.61 percent. Comstock Resources closed at $28.80, rising $0.45, or 1.59 percent.
Oil prices exploded on Wednesday to roar above the $111 a barrel mark, as the U.S. Energy Information Administration announced oil inventories fell by 2.3 million barrels for the week ending April 15.
On the New York Mercantile Exchange, May delivery for West Texas Intermediate crude rose $3.17 or 2.93 percent to reach $111.45 a barrel.
The weakness of the U.S. dollar helped boost a number of commodities, including oil, as the U.S. dollar index dropped 0.91 on Wednesday.
Home heating oil prices increased 6.29 cents to $3.2214 a gallon. Reformulated blendstock gasoline prices rose 4.42 cents to $3.2773 a gallon.
Henry Hub natural gas prices jumped 4.8 cents to $4.31 per million British thermal units.
The national average price of unleaded gasoline climbed to $3.837 a gallon Wednesday, up from Tuesday's $3.835, according to AAA.
Crimson Exploration closed Wednesday at $3.91, up $0.04, or 1.03 percent. Clayton Williams Energy closed at $94.18, gaining $2.01, or 2.18 percent. Plains Exploration & Production ended the trading session at $25.25, jumping $0.56, or 1.61 percent. Comstock Resources closed at $28.80, rising $0.45, or 1.59 percent.
Thursday, October 7, 2010
Clayton Williams (Nasdaq:CWEI) Gets Rated "Buy" in Initial Coverage by Global Hunter
Global Hunter Securities initiated coverage on Clayton Williams Energy (Nasdaq:CWEI), and started them off with a "Buy" rating, citing shift to resource plays.
"In 2009, Clayton Williams Energy began to shift its focus away from exploration and more toward resource plays with lower-risk repeatability. In addition, the company has focused more of its capital spending on oilier plays. These shifts are just beginning to have an impact on the company’s production, with sequential oil production growth in each of the past three quarters, and sequential declines in gas production, overall production has been flat. With oil output accelerating substantially in the back half of 2010 (and beyond), we should see total production up sequentially in 3Q10, with positive year-over-year comparisons setting in firmly by 2Q11," Global said.
Clayton surged on Wednesday, closing at $53.22, gaining $2.55, or 5.03 percent. Global has a price target of $99 on them.
"In 2009, Clayton Williams Energy began to shift its focus away from exploration and more toward resource plays with lower-risk repeatability. In addition, the company has focused more of its capital spending on oilier plays. These shifts are just beginning to have an impact on the company’s production, with sequential oil production growth in each of the past three quarters, and sequential declines in gas production, overall production has been flat. With oil output accelerating substantially in the back half of 2010 (and beyond), we should see total production up sequentially in 3Q10, with positive year-over-year comparisons setting in firmly by 2Q11," Global said.
Clayton surged on Wednesday, closing at $53.22, gaining $2.55, or 5.03 percent. Global has a price target of $99 on them.
Subscribe to:
Posts (Atom)