Each earnings season, we look forward to poring over quarterly results from the two largest oil-field-service companies–Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL).
These industry giants’ earnings calls–particularly the wide-ranging discussions hosted by Schlumberger, the world’s largest oil-field services company–provide invaluable insights into other aspects of the energy patch.
Because of Halliburton’s strong presence in the US and Canada, its management team tends to take a more bullish view on the North American market than Schlumberger, which usually emphasizes international activity. Evaluating both companies’ results and commentary helps investors to form a complete picture of key energy markets.
The read-through from Schlumberger and the other major oil-field services companies’ earnings reports and subsequent conference calls are particularly useful because they occur before many other energy-related names announce quarterly results.
US natural-gas exports to Mexico will continue to grow over the next five years, creating opportunities for investors north and south of the border.
These emerging shale plays are driving the recent recovery in Midcontinent drilling activity.
Master limited partnerships issued significant amounts of debt and equity to build pipelines and other infrastructure needed to support the shale oil and gas revolution. The midstream construction boom has started to wind down, ushering in a period of consolidation when management teams focus on strengthening their balance sheets.
Weak demand, a wave of contract expirations and excessive leverage are all reasons to remain bearish on offshore contract drillers. Investors should continue to avoid these value traps.
While reading through transcripts of master limited partnerships' fourth-quarter earnings calls, we compiled a series of quotes from management teams that provide insight into some of the macro trends that will continue to drive returns and opportunities in the space.
We dig into the five master limited partnerships with the highest percentage of short interest.
The energy industry’s growing consumption of fresh water for hydraulic fracturing and approaches to disposing the resulting wastewater have created significant challenges. We highlight some of the solutions.
This week brought rush of third-quarter earnings and three acquisitions involving midstream MLPs. Here’s our take on this flurry of deal announcements.
US oil production appears to be bottoming, but investors seeking to profit in an environment where prices will likely range between $40 and $60 per barrel must pay attention to basin-specific trends as well as companies' balance sheets and acreage quality.
Elliott and Roger on Feb. 28, 2017
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.