President Putin says the economic downturn will reverse, even as the ruble continues to slide During his annual press conference, which lasted three hours this year, President Putin offered reassurances that Russia’s economic downturn would be remedied, even as the exchange rate on the ruble continued to drop. The ruble has fallen about 45% against the dollar this year, with
Energy Shares Lead Rally The Toronto Stock Exchange TSX Composite was up more than 350 points today as battered energy stocks begin to rebound and the U.S. Federal Reserve offered assurance on its interest rates. The S&P/TSX composite index jumped 355.61 points to 14,217.13, its second straight triple-digit advance as traders continued to buy stocks that were oversold during the
Source: Business News Network Canadian oil producers Husky Energy Inc and Penn West Petroleum Ltd slashed their 2015 capital budgets due to a slide in crude oil prices. Penn West (PWT.TO 8.09%), one of Canada’s largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents. Penn West and Husky join several Canadian oil
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14) Current: 379,942 Actual Build/(Withdrawal): (847) Economist Average Estimate: (2,213) Previous: 380,789 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports ANALYST COMMENTARY **All notes from 12.17.14** KLR Group Demand Demand of ~20.5 Mmbpd increased ~5.2% w/w, and the four-week moving average increased ~170 bps to
New York health officials say they will not recommend lifting the frac ban The prospects of using hydraulic fracturing to produce natural gas from the highly productive Marcellus shale basin in the state of New York now seem completely dead. New York health officials released their findings on the practice of hydraulic well stimulation, saying they believe that the long
The Oil & Gas Conference® 19 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global oil and gas industry. EnerCom, Inc. gathered questions posed to management teams of the companies below during their respective breakout
The Oil & Gas Conference® 19 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global oil and gas industry. EnerCom, Inc. gathered questions posed to management teams of the companies below during their respective breakout
Fred Callon, CEO, and Gary Newberry, VP of Operations of Callon Petroleum Company (NYSE: CPE) presented at the Oil and Gas Conference 18® on August 12, 2013. Callon is an oil and gas exploration and production company in the process of transitioning from offshore assets to being a Permian Basin operator. Callon’s Permian Basin operations are focused primarily in the
Martin Cheyne, President and Chief Executive Officer and Clayton Thatcher, Vice President of Geophysics of DeeThree Exploration (DTX) presented today at EnerCom’s The Oil & Gas Conference® 17. Their crude oil and natural gas exploration is concentrated in western Canada. DeeThree’s core operating areas are the Peace River Arch area of northwestern Alberta and the Brazeau area in west central
James Craddock, Senior Vice President of Drilling and Production Operations, and John Hagle, Chief Financial Officer of Rosetta Resources (ROSE) presented today at EnerCom’s The Oil & Gas Conference® 17. Rosetta Resources Inc. is an independent exploration and production company engaged in the acquisition and development of onshore energy resources in the United States of America. The Company holds a
Mark Ellis, Chairman, Chief Executive Officer and President, and Kolja Rockov, Executive Vice President and Chief Financial Officer of LINN Energy (LINE) presented today at EnerCom’s The Oil & Gas Conference® 17. LINN Energy is an independent natural gas exploration and production company. The company develops and acquires various oil and gas properties in the United States. Headquartered in Houston,
Larry Pinkston, President and Chief Executive Officer, and David Merrill, Chief Financial Officer and Treasurer of Unit Corporation (UNT) presented today at EnerCom’s The Oil & Gas Conference® 17. Unit Corporation is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties,
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