davooo Posted - 12 hours ago

$PTEN 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. 😂

davooo Posted - 1 day ago

$PTEN 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

$PTEN 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. 😂

FinallyFinancial Posted - 4 days ago

$PTEN R.I.P.

Kyle_Crane Posted - 5 days ago

$DINO $PBR $VLO $XOM $PTEN A word from our fearless leader and command in chief.

davooo Posted - 5 days ago

$PTEN 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

$PTEN 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

$PTEN 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. 🐣

Bonefishwilly Posted - 1 week ago

$PTEN $ICD ANYONE ELSE READY FOR A TRUMP VICTORY?

TeresaTrades Posted - 1 week ago

Largest PUT OI increases $OPK $CCJ $DM $AAPL $PTEN

FinallyFinancial Posted - 1 week ago

$PTEN do your own research but I saw a post where 80%> of this stock is owned by hedge funds. I wouldn’t want to be a part of anything like this if that’s the case.

davooo Posted - 1 week ago

$PTEN 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. 💤

Stock_Titan Posted - 1 week ago

$PTEN Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast https://www.stocktitan.net/news/PTEN/patterson-uti-energy-announces-first-quarter-earnings-conference-fghlrazqp3e1.html

TeresaTrades Posted - 2 weeks ago

Largest PUT OI increases $PBR $PTEN $ZI $PFE $AAL

FinallyFinancial Posted - 2 weeks ago

$PTEN todays the day

TeresaTrades Posted - 2 weeks ago

Heavy options volume $MTUM $IAU $PTEN $HDB $LEVI

DonCorleone77 Posted - 2 weeks ago

$PTEN Patterson-UTI reports March drilling activity Patterson-UTI reported that for the month of March 2024, the company had an average of 120 drilling rigs operating in the United States. For the three months ended March 31, 2024, the company had an average of 121 drilling rigs operating in the United States.

Stock_Titan Posted - 2 weeks ago

$PTEN Patterson-UTI Reports Drilling Activity for March 2024 https://www.stocktitan.net/news/PTEN/patterson-uti-reports-drilling-activity-for-march-ftonok0b40d1.html

davooo Posted - 2 weeks ago

$PTEN 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. 🤣

equtz Posted - 2 weeks ago

$PTEN buy all the puts you want but consolidation will continue and this will be taken before the end of Q2. $SLB $CHX

TeresaTrades Posted - 2 weeks ago

Largest PUT OI increases $CHPT $PTEN $MPW $TSLA $PLTR

TeresaTrades Posted - 2 weeks ago

Largest PUT OI increases $PTEN $MPW $PFE $DIS $OPK

FinallyFinancial Posted - 03/31/24

$PTEN $10 here we GOOOOO

davooo Posted - 03/31/24

$PTEN 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.🎉

davooo Posted - 03/28/24

$PTEN Bullish on Energy Commodity analysts at Standard Chartered have noted that energy markets kicked off the new year with an overly pessimistic view of oil demand, and sees an oil price rally unfolding in the coming months. StanChart estimates that January oil demand clocked in at 100.24 million barrels per day (mb/d), good for a 2.67 mb/d year-over-year increase and 0.25 mb/d higher than StanChart’s latest forecast. StanChart has now revised its earlier 2024 demand growth forecast to 1.69 mb/d from 1.64 mb/d previously. The analysts have also predicted a sustained period of inventory draws in H1-2024, with the cumulative draw coming in at 185 mb compared with a H1-2023 build of 230 mb. StanChart has predicted that global demand will hit a new all-time high of 103.01 mb/d in May, with June setting a new record at 103.62 mb/d while August demand is expected to be even higher at 104.31 mb/d. StanChart says tightening oil markets will continue to power the oil price rally!🏖️

davooo Posted - 03/28/24

$PTEN 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. 🍀

SorenPatridoti Posted - 03/25/24

$PTEN Sure why not

equtz Posted - 03/22/24

$PTEN good company, improving fundamentals but the stock is a dog

mrhyde35 Posted - 1 month ago

$PTEN

TeresaTrades Posted - 1 month ago

Largest PUT OI increases $UAA $WBD $PTEN $AVTR $SOFI