sister
Posted - 14 hours ago
$BKR psssst. . . pay attention to yo' little bro Transocean (RIG) for the breakout back to 8.88 coming. Pass the word.
davooo
Posted - 15 hours ago
$BKR The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2.
The total rig count fell by 2 to 619 this week, compared to 753 rigs this same time last year.
The number of oil rigs rose by 5 this week. Oil rigs now stand at 511--down by 80 compared to this time last year. The number of gas rigs fell by 3 this week to 106, a loss of 53 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 2.
📯
theflynews
Posted - 16 hours ago
Baker Hughes reports U.S. rig count up 2 to 619 rigs - $BKR - https://thefly.com/permalinks/entry.php/BKRid3900000
DonCorleone77
Posted - 16 hours ago
$BKR Baker Hughes reports U.S. rig count up 2 to 619 rigs Baker Hughes reports that the U.S. rig count is up 2 from last week to 619 with oil rigs up 5 to 511, gas rigs down 3 to 106 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 134 rigs from last year's count of 753 with oil rigs down 80, gas rigs down 53 and miscellaneous down 1. The U.S. Offshore Rig Count is up 1 to 20, unchanged year-over-year. The Canada Rig Count is down 14 from last week to 127, with oil rigs down 10 to 60, and gas rigs down 4 to 67. The Canada Rig Count is up 22 from last year's count of 105, with oil rigs up 18, and gas rigs up 4.
davooo
Posted - 1 day ago
$BKR The EIA is the most bullish on long-term oil demand, and has predicted a demand peak will come in 2050 while the OPEC Secretariat sees it coming five years earlier. Meanwhile, Standard Chartered has predicted global oil demand will hit 110.2 mb/d in 2030 and increase further to 113.5 mb/d in 2035. However, the commodity experts have not projected a demand peak beyond the end of their modeling horizon in 2035. According to StanChart, a structural long-term peak is very unlikely within 10 years 😘
davooo
Posted - 2 days ago
$BKR From OilPrice: Despite the IEA’s continued efforts to draw attention to the dire state of the energy industry and the need to make an imminent shift away from fossil fuels in favour of green alternatives, governments and private companies have continued to fund oil, gas and coal projects. Some are doing this because they view fossil fuels as necessary for energy security and others are doing it for the high revenues that oil and gas bring to the table. 😁
mikesterz7
Posted - 3 days ago
$BKR PT 36
davooo
Posted - 5 days ago
$BKR Analysts like to stress the fact that high inflation kills oil demand. What they rarely mention these days is that this demand destruction is always limited—because oil is an essential commodity for any relatively industrialized economy on the planet. In other words, the interest rate cut disappointment that drove benchmarks lower earlier this week is not going to hold for very long because oil demand has repeatedly proven more resilient than many have expected—and hoped.
By Irina Slav for Oilprice.comm
🍨
davooo
Posted - 6 days ago
$BKR From OilPrice: The U.S. expects to hit more record highs The U.S. expects to hit more record highs for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050, which will produce a massive amount of greenhouse gas emissions. This strategy appears to be at odds with Biden’s ambitious climate pledges and could put Paris Agreement targets at risk on a global level. for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050.🌹🌹
davooo
Posted - 1 week ago
$BKR From OilPrice: "THIS SUCKS"
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw a total loss of rigs this year of 5.
The total rig count fell by 3 to 617 this week, compared to 751 rigs this same time last year.
🍀🍀
theflynews
Posted - 1 week ago
Baker Hughes reports U.S. rig count down 3 to 617 rigs - $BKR - https://thefly.com/permalinks/entry.php/BKRid3896440
Technomentals
Posted - 1 week ago
Oil Services Video on Stock Pick https://stockpick.app/videos/stocks/6581 $OIH $SLB $HAL $BKR
insiderbuyingselling
Posted - 1 week ago
$BKR new insider selling: 5000 shares. http://insiderbuyingselling.com/?t=BKR
davooo
Posted - 1 week ago
$BKR From OilPrice: Another interesting development: even the bears now recognize the energy sector’s momentum. To wit, Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector remains favorably valued. With a PE ratio of 13.4, the U.S. energy sector is the cheapest of the 11 market sectors.
However, the most important catalyst working in favor of the energy sector is robust market fundamentals. Commodity analysts at Standard Chartered have reported that fundamentals in the oil markets remain strong and can support Brent prices in the $90s. According to StanChart, there’s ample room for OPEC to increase output in Q3 without either causing inventories to rise or prices to weaken.
💐
erevnon
Posted - 1 week ago
Susquehanna maintains Baker Hughes $BKR at Positive and maintains a price target of https://marketsblock.com/stock-upgrades-and-downgrades/
Stocksrunner
Posted - 1 week ago
Sunday Oil Industry Highlights: ExxonMobil $XOM Pioneer Natural Resources $PXD and Baker Hughes $BKR rallied in March, indicating sector optimism.
popculture
Posted - 1 week ago
$BKR $SLB $CVX $XOM are racing to scale up carbon capture and storage across the U.S. as the world races to reach net-zero emissions by 2050.
theflynews
Posted - 2 weeks ago
Baker Hughes reports U.S. rig count down 1 to 620 rigs - $BKR - https://thefly.com/permalinks/entry.php/BKRid3892971
Stock_Titan
Posted - 2 weeks ago
$BKR Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network
https://www.stocktitan.net/news/BKR/baker-hughes-to-supply-snam-with-hydrogen-ready-technology-to-wjy54dqp3zjp.html
davooo
Posted - 2 weeks ago
$BKR Now focus is on the OPEC+ meeting today, where members are expected to stay the course of limited oil production until the end of June, at least. This means persistently tight supply that will likely push prices higher still, especially as neither Ukraine has any intention to stop droning Russian refineries nor Israel has any intention of changing course in what increasingly seems like a war on all anti-Israel groups in the Middle East.
Even so, some analysts still expect lower prices—because of Chinese demand. “Brent oil futures should track closer to $75 to $80 a barrel in coming months given our view that China’s oil demand growth will disappoint,” Commonwealth Bank of Australia analyst Vivek Dhar told Bloomberg earlier today.
This is an interesting expectation given the latest manufacturing figures out of Beijing that showed a pickup in activity—for the first time in six months.
🌹
BMW666
Posted - 2 weeks ago
$BKR once we break $34 I see $36.5 in sight. Got some deep ITM
davooo
Posted - 03/31/24
$BKR Upstream Expansion Fuels Optimism in the Oil & Gas Sector
With oil prices steadily rising, upstream operations stand to benefit greatly. Companies in this sector are preparing to capitalize on the current market conditions by increasing investments in exploration and production activities. The projected increase in upstream oil and gas spending in 2024 reflects the growing confidence about the industry's future trajectory. This increased confidence is not purely speculative but instead based on a practical assessment of the world's rising energy demand.🙏
bandobaby
Posted - 03/28/24
$BKR in for long
theflynews
Posted - 03/28/24
Baker Hughes reports U.S. rig count down 3 to 621 rigs - $BKR - https://thefly.com/permalinks/entry.php/BKRid3889365
davooo
Posted - 03/28/24
$BKR The AI boom and Big Tech might be hogging all the media limelight right now, but the smart money is quietly piling into energy stocks. Indeed, the energy sector is the most crowded of all 11 U.S. market sectors, with the sector’s favorite benchmark, Energy Select Sector SPDR Fund (NYSEARCA:XLE) up 10.7% in the year-to-date compared to a 7.9% return by the Technology Select Sector SPDR Fund (NYSEARCA:XLK) and 9.4% gain by the S&P 500.
But not everybody is bothered by the energy sector’s huge momentum. Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector is favorably valued.
“Taking the Fed’s recent messaging into account and assuming it is less concerned about inflation or looser financial conditions, commodity-oriented cyclicals and energy in particular could be due for a catch-up," they have said.
📯🚗
nauristreigys
Posted - 03/26/24
$BKR Buy long
theflynews
Posted - 03/22/24
Baker Hughes reports U.S. rig count down 5 to 624 rigs - $BKR - https://thefly.com/permalinks/entry.php/BKRid3886663
DonCorleone77
Posted - 03/22/24
$BKR Baker Hughes reports U.S. rig count down 5 to 624 rigs Baker Hughes reports that the U.S. rig count is down 5 from last week to 624 with oil rigs down 1 to 509, gas rigs down 4 to 112 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 134 rigs from last year's count of 758 with oil rigs down 84, gas rigs down 50 and miscellaneous unchanged. The U.S. Offshore Rig Count is down 1 to 23, up 5 year-over-year. The Canada Rig Count is down 38 from last week to 169, with oil rigs down 37 to 91, and gas rigs down 1 to 78. The Canada Rig Count is up 4 from last year's count of 165, with oil rigs up 5, and gas rigs down 1.
