The major stock indices fell immediately after the market opened on Tuesday, with the S&P 500 down 1%, the Dow Jones Industrial Average off by less than 1%, and the Nasdaq Composite declining more than 1% in early trading. However, as has been the case for much of this year,...
Shell PLC (LON:SHEL) announced it would cease oil and gas purchases from Russia, as the company is set to cut ties with the country’s energy sector. Shell will also close all its service stations and halt all investments in the Eurasian giant. Q4 2021 hedge fund letters, conferences and more...
Oil and gas equipment and services is a massive and lucrative industry that provides equipment, components, other supplies and professional services to companies engaged in oil & gas exploration and production (E&P). Though the commodity prices don’t directly impact the equipment and services companies, they are indirectly affected by them....
Oil, gas, and other energy news is everywhere, but how can you actually get started with investing in all this? Read on and find out. Q2 2021 hedge fund letters, conferences and more You might be thinking about using stocks, ETFs, CFDs, or futures to trade oil and gas. Well,...
Oil, gas, and other energy news is everywhere, but “how do I get in on the action? What type of trading instruments do I use?” Read on and find out. Q2 2021 hedge fund letters, conferences and more You might be thinking “should I use stocks, ETFs, CFDs, or futures...
Engine No. 1, which has nominated four highly qualified independent director candidates to the Exxon Mobil Corporation (NYSE:XOM) (“ExxonMobil” or the “Company”) Board of Directors (the “Board”), today released a white paper by a leading energy market and policy expert analyzing the risks and opportunities facing ExxonMobil in a rapidly...
Livermore Partners commentary for the fourth quarter ended December 31, 2019. Markets continue to grind to fresh highs; Event-driven Livermore Partners closes 2019 with a gain of 138% percent (Not a typo). Q4 2019 hedge fund letters, conferences and more To Partners: Fourth Quarter began as a very challenging time...
BERKELEY, CA—DEC. 11, 2019—Chevron announced Tuesday it expects to write down the value of its assets between $10 billion and $11 billion this quarter. The second-largest U.S. oil company blamed an age of abundant oil and gas, saying its holdings won’t be profitable anytime soon. Spanish oil and gas company Repsol announced last...
Man-made Oklahoma earthquakes are increasing in frequency, transforming it from an area of little activity to a hotspot for quakes in less than a decade. Oklahoma Earthquakes While earthquakes are sometimes an unavoidable part of living certain places on Earth, activity from humans has the potential to create earthquakes as...
Oil and Gas Property Management, Inc. is one of the several companies that Warren Buffett profiled in the Commercial and Financial Chronicle’s The Security I Like Best column in the late 1950s. Warren Buffett's Favourite Oil And Gas Company Oil and Gas Property was organized to “manage producing oil and...
Over the past several days, thousands of people have been displaced since Hurricane Harvey made its initial landfall in eastern Texas. The images shown documenting its impact, especially in the areas hit with the heaviest devastation, have been saddening to say the very least. As the storm continues to run...
In The Rime of the Ancient Mariner from 1834, English poet Samuel Taylor Coleridge famously quipped “Water, water, everywhere / But not a drop to drink”. The lines speak to the irony of sailing the high seas: there’s unfathomable amounts of water in every direction, but it’s definitely not going...
I’ve been discussing the return of big oil and gas M&A the last several weeks. And yesterday we got more confirmation it’s “money on” right now in the global petroleum sector — with one of the biggest single deals in years coming down in an unexpected place. From a virtually unknown...
Bit of a quiet week for major resource news. But several small items are suggesting some potentially explosive developments coming over the next several months. One of those comes in a place I’ve been watching closely the past year: the tiny Mediterranean island of Cyprus. Which this past week announced...
Further to the last item above, this coming year could be a surprisingly exciting time for oil and gas developers. Yes, energy prices are depressed right now. But not everyone sees that as a negative. In fact, private equity funds are still raising record amounts of capital for energy investments -- with...