Sunday, December 22, 2024
A wet gas windfall: propane inventory squeeze possible as winter approaches- oil and gas 360

A wet gas windfall: propane inventory squeeze possible as winter approaches

Oil and Gas 360 By: Tim Rezvan, CFA- EnerCom As we approach the midpoint of 3Q earnings season in the oil patch, we continue to see strong signs of capital discipline from the industry, with excess CF generally being earmarked for debt reduction, dividend growth and/or share repurchases. But while capital discipline strengthens balance sheets, it does not increase beleaguered

Energy topped the S&P 500 again in October. Here’s where the trade heads next- oil and gas 360

Energy topped the S&P 500 again in October. Here’s where the trade heads next

CNBC Energy led the markets for another month. The second-best S&P 500 performer, just behind consumer discretionary, rose 10% in October and added to a 52% gain for the year. Industry heavyweights Chevron and Exxon both reported better-than-expected profits on Friday morning thanks to surging oil prices. West Texas Intermediate crude also hit its highest level since October 2014 earlier in the week. The sector was again higher Monday ahead

Chesapeake Energy Corporation completes acquisition of Vine Energy Inc.- oil and gas 360

Chesapeake Energy Corporation completes acquisition of Vine Energy Inc.

PR Newswire KLAHOMA CITY, Nov. 1, 2021 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE: VEI). The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of