Investors following the North American oil and gas industry should be aware that oil production volumes from the Eagle Ford shale play have blown past expectations this year.
According to the Texas Railroad Commission, crude oil production from the Eagle Ford region averaged more than half a million barrels per day for the first quarter of 2013. This is a whopping 34% increase from 2012 production levels and is also the highest since the south Texas play hit oil in 2008. Energy research firm Wood Mackenzie estimates that total Eagle Ford capital expenditure will hit $28 billion in 2013. It's pretty evident that the value extracted by major operators is exceeding expectations. However, this shouldn't come as a big surprise, either. In the last couple of years, exploration and production companies have been quietly raking up acreage in this shale play.
The movers and shakers
Marathon Oil (NYSE: MRO ) increased its stake to 330,000 net acres in the liquids-rich window of the Eagle Ford. For the first quarter, average net sales volumes from this acreage stood at 72,000 barrels of oil equivalent per day�-- a fourfold increase year over year. Still in the growth phase, the company should be further increasing production where this property is concerned. This shale play should have a major role in increasing Marathon's overall production volumes in the next three years.
Hot Supermarket Companies To Buy Right Now: Internet Gold Golden Lines Ltd.(IGLD)
Internet Gold ? Golden Lines Ltd., together with its subsidiaries, provides communications services in Israel. The company offers a range of telecommunication operations and services, including domestic fixed-line, cellular and international communication services, multi-channel television, satellite broadcasts, Internet services, customer call centers, maintenance and development of communications infrastructures, provision of communications services to other communications providers, television and radio broadcasts, and supply and maintenance of equipment on customer premises. It also provides data services, server and Web site hosting services, technical maintenance and support services, networking and system services, outsourcing and out-tasking services, security and risk management solutions, and IP based services; media services, which include the sale of advertising on its Web sites; and sale of products and services on the Internet. The company was formerly known as Euronet Golden Lines (1992) Ltd. and changed its name to Internet Gold ? Golden Lines Ltd. in June 1999. The company was founded in 1992 and is headquartered in Ramat Gan, Israel. Internet Gold ? Golden Lines Ltd. is a subsidiary of Eurocom Communications Ltd.
Advisors' Opinion:- [By Garrett Cook]
On Wednesday, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from Internet Gold Golden Lines (NASDAQ: IGLD) and NQ Mobile (NYSE: NQ).
- [By Garrett Cook]
On Wednesday, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from Internet Gold Golden Lines (NASDAQ: IGLD) and NQ Mobile (NYSE: NQ).
5 Best Railroad Stocks To Invest In 2014: Ultra Petroleum Corp.(UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2011, the company owned interests in approximately 53,000 net acres in Wyoming covering approximately 190 square miles; 258,000 net acres in Pennsylvania; and 130,000 net acres in eastern Colorado?s Denver Julesburg Basin. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, oil and natural gas company Ultra Petroleum (NYSE: UPL ) has earned a respected four-star ranking.
- [By Dan Caplinger]
One solution is to pick your best one or two ideas in each industry. As an example, if you think that natural gas is poised to keep rebounding, then low-cost producer Ultra Petroleum (NYSE: UPL ) is arguably the most likely to produce the greatest profits from the space. Similarly, with gold-mining stocks, Yamana Gold (NYSE: AUY ) emerges with the most attractive combination of low costs, growth potential, and balance-sheet strength.
- [By Aaron Levitt]
The natural gas glut that took place a few years ago hurt many producers, including Ultra Petroleum (UPL). However, with natural gas prices beginning to rise after a series of extra cold and snowy weather conditions in the Northeast, UPL stock is on the move.
5 Best Railroad Stocks To Invest In 2014: Lowe's Companies Inc.(LOW)
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. It provides home improvement products in the categories of appliances, lumber, paint, millwork, building materials, lawn and landscape products, flooring, rough plumbing, seasonal living, tools, hardware, fashion plumbing, lighting, nursery, outdoor power equipment, cabinets and countertops, home organization, rough electrical, and home fashion, as well as boards, panel products, irrigation pipes, vinyl sidings, and ladders. The company also offers installation services through independent contractors in various product categories. Lowe's Companies serves homeowners and renters primarily consisting of do-it-yourself customers and do-it-for-me customers; and commercial business customers, who work in the construction, rep air/remodel, commercial and residential property management, or business maintenance professions. As of August 15, 2011, it operated approximately 1,725 home improvement stores in the United States, Canada, and Mexico. The company also offers its products through electronic product catalogs and Lowes.com. Lowe's Companies, Inc. was founded in 1952 and is based in Mooresville, North Carolina.
Advisors' Opinion:- [By Maria Armental and Tess Stynes var popups = dojo.query(".socialByline .popC"); ]
Lowe's Cos.(LOW) said an extended period of wintry weather weighed on sales in the fiscal first quarter, although its profit still rose. The home-improvement chain’s earnings topped analysts’ expectations and the retailer pointed to improved sales in May. The retailer, citing a lower tax rate, also boosted its full-year earnings outlook. Shares fell 27 cents to $45.25 premarket.
- [By Rick Munarriz]
Home Depot (NYSE: HD ) and Lowe's (NYSE: LOW ) reported quarterly results this week, but they're no bargains. Home Depot stock is now fetching 19 times next year's earnings, and Lowe's is trading at a still-high 17 times next year's profit target.
- [By Nicole Seghetti]
Don't overlook dividend-paying stocks that pay lower yields yet boast reliable dividend growth. Through construction and housing market booms and busts, Lowe's (NYSE: LOW ) has consecutively increased its dividend for 50 years. Even though the home improvement retailer pays a modest 1.5% dividend yield, it raised its dividend by more than 14% last year and has more than doubled it during the past five years. Better yet, Lowe's payout ratio, which indicates how much of its net income is returned to shareholders in dividends, is 37%, meaning the company has plenty of room to grow its dividend in the future.
- [By Paul Ausick]
Among retailers reporting earnings this week we��e selected six to preview: The Home Depot Inc. (NYSE: HD), Lowe�� Companies Inc. (NYSE: LOW), Target Corp. (NYSE: TGT), Best Buy Co. Inc. (NYSE: BBY), Gap Stores Inc. (NYSE: GPS), and J.C. Penney Co. Inc. (NYSE: JCP).
5 Best Railroad Stocks To Invest In 2014: Reliance Steel & Aluminum Co.(RS)
Reliance Steel & Aluminum Co. operates as a metals service center company primarily in the United States and Canada. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products to mills and original equipment manufacturers. Its processing services comprise cutting, leveling, sawing, machining, or electropolishing. The company also offers a range of metal perforating and fabrication services; and steel and alloy pipes, tube and bar products, and precision manufacturing of various tools designed for the global energy service companies. Reliance Steel & Aluminum Co. serves manufacturers and end-users in the general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, and semiconductor fabrication and related industries. As of December 31, 2011, it maintained approximately 220 metals service center processing and distribution facilities in the United States, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Monica Gerson]
Reliance Steel & Aluminum Co (NYSE: RS) is estimated to report its Q3 earnings at $1.20 per share on revenue of $2.54 billion.
PulteGroup (NYSE: PHM) is expected to report its Q3 earnings at $0.36 per share on revenue of $1.46 billion.
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