Energy
Chevron (CVX) agrees to buy Hess (HES) in the second blockbuster oil deal this month (from Reuters on October 23)…
Chevron (CVX) has agreed to buy Hess (HES) for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil’s (XOM) massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations. The Chevron deal announced on Monday and a $60 billion acquisition by Exxon earlier
These oil and gas companies could be the next to strike a deal (from Barron’s on October 24)…
The oil industry looks to be embarking on a new wave of megadeals. After Exxon Mobil and Chevron’s acquisitions, ConocoPhillips could be the next company looking to make a big purchase, according to KeyBanc analysts. Chevron’s (ticker: CVX) planned acquisition of Hess (HES) means that both it and Exxon Mobil (XOM) have agreed deals worth
In the inaugural issue of Investment Chronicles in April, we highlighted an interview with Bear Traps Report founder Larry McDonald (correctly) predicting that ExxonMobil’s proposed deal to buy Pioneer could set off a massive wave of consolidation in the energy sector.
If you missed it, be sure to check it out right here.
America’s wind-farm “revolution” is broken (from The Wall Street Journal on September 7)…
Offshore wind farms should be one of the best solutions to the climate crisis but are turning out to be a lousy business. Getting the struggling industry back on its feet will require a new approach from companies and politicians alike. The public face of the dilemma is Ørsted, a former oil and gas producer
Uranium broke out to a new 12-year high this month (from Barchart via X on September 15)..
URANIUM PRICES have surged to highest level in more than a decade 🚨
The U.S. Strategic Petroleum Reserve (SPR) has now fallen to its lowest levels since 1985 (from Disruptor via X on September 19)…
Biden willing to risk it all and empty the SPR tanks in Hail Mary bid for re-election. Disgusting. We could have refilled so much cheaper too.
U.S. shale oil production is expected to decline again next month, led by the Permian (from Tracy via X on September 19)…
Annnd quietly under the radar ….in yesterday’s EIA drilling report, they estimate that US shale production will decline in October, led by the Permian. In fact, this is the third month they are showing declines in Permian production. Talked about declines in US shale production showing up in Q4 weeks ago for @complete_intel‘s podcast The
Oil stocks don’t necessarily need higher oil prices to do well from here (from Eric Nutall via X on September 20)…
Allow me to reiterate: we DO NOT need a higher oil price for oil companies/energy stocks to do very well. Inevitably I believe, aided by lower volatility, “seeing” will = “believing.”
Why uranium prices are soaring (from The Economist on September 21)…
When Russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is. Ukraine, where 15 reactors relied on Russia for their uranium, rushed to sign an unusually long 12-year deal with Canada. European utilities, also reliant on Russia, drew the maximum they could under other contracts. Most exposed were operators in Finland and eastern