North American Oil-Field Services: Near-Term and Longer-Term Outlook
Activity levels and pricing for oil-field services and equipment will likely remain under pressure in the US onshore market this year, with early 2017 bringing a bit of a recovery on both scores. But a return to the levels witnessed during the boom years appears unlikely, especially if Saudi Arabia opts to tap some of its spare capacity to take market share and keep oil prices in check.
Dream Prices from a Nightmare Situation
Although we expect further downside in crude-oil prices to weigh on shares of oil producers and services firms, we have grown incrementally bullish on a select group of names that we would consider buying at previous trough valuations.
Key Takeaways from Schlumberger’s First-Quarter Earnings Call
Schlumberger’s quarterly earnings call usually includes loads of useful insights for energy investors; the company’s most recent conference call was no exception.
Sand in the Gears: Elevated Downside Risk for High-Flying Proppant Producers
We pounded the sand for Hi-Crush Partners LP in early 2013, when the stock was a high-yielding value play. Today, investors need to take their heads out of the sand and sell.
IPO Analysis: Mammoth Energy Partners LP (NSDQ: TUSK)
Unlike most master limited partnerships, Mammoth Energy Partners LP will pay a quarterly distribution that varies based on the cash flow generated by the smattering of oil-field services businesses arrayed under its banner. In other words, investors seeking a reliable quarterly distribution should look elsewhere.
Profitable Trend: Horizontal Drilling Picks up Steam in Permian Basin
The Bakken Shale, the Eagle Ford Shale and the Marcellus Shale may get all the press, as output from these plays continues to grow. But the Permian Basin–an area in west Texas that’s been in production for more than a century–appears poised for a breakout this year.
Energy Takeout Menu, Part 1
Elliott Gue highlights his top takeover plays in the energy sector.
05/14/14: A Second(ary) Chance to Buy
This MLP Portfolio holding sold off after the company announced a secondary offering of units. Investors should regard this pullback as a buying opportunity.
Oil-Field Services: Underappreciated Strength
Each earnings season, we look forward to poring over quarterly results from the big four oil-field services companies–Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), Baker Hughes (NYSE: BHI) and Weatherford International (NYSE: WFT). Here are out takeaways from their fourth-quarter results and earnings calls.
Swimming Upstream
Despite the underperformance of master limited partnerships (MLP) that produce oil and gas this year, New Source Energy Partners LP still went public. Here’s out take on this upstream operator and Emerge Energy Services LP, a newly listed MLP that pays a variable distribution and produces specialized silica sand for use in hydraulic fracturing.
Live Chat with
Elliott and Roger on Jun. 30, 2020
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Producers and Drillers
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLPs and Midstream
Our assessment of every energy-related master limited partnership.
International Coverage
Roger Conrad’s coverage of more than 70 dividend-paying energy names.
Experts
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor