StockInvest_us
Posted - 2 hours ago
Signal alert: $PUMP - Overbought Trend Short (Overvalued) https://stockinvest.us/l/42vn0KlFdW
DonCorleone77
Posted - 13 hours ago
$PUMP ProPetro increase share repurchase authorization to $200M ProPetro Holding Corp. announced that the company's Board of Directors approved an increase and extension of ProPetro's share repurchase program. The program permits the repurchase of up to an additional $100M of the company's common shares for a total of $200M and extends the expiration date by one year to May 31, 2025. "We are pleased to announce the expansion of our share repurchase program, which reflects the strong support of our Board of Directors in our strategy and ability to execute," stated Sam Sledge, Chief Executive Officer. "We are confident we have the right strategy in place to benefit from our position as a sophisticated service provider. Our proven discipline and transformed, bifurcated fleet give us confidence in our strategy and earnings potential. As we continue to industrialize our business, we're creating durable and repeatable results. The industrialized model that ProPetro is implementing will continue to pay off and produce benefits for years to come. Today's expansion highlights our commitment and confidence in that strategy."
Stock_Titan
Posted - 13 hours ago
$PUMP ProPetro Increases Share Repurchase Authorization to $200 million
https://www.stocktitan.net/news/PUMP/pro-petro-increases-share-repurchase-authorization-to-200-xmkxk1prbly2.html
davooo
Posted - 4 days ago
$PUMP From OilPrice: “During the quarter, we continued to benefit from our favorable exposure to the international markets, with remarkable year-on-year growth of 29% in the Middle East & Asia, in addition to growth of 18% in Europe & Africa,” Le Peuch added.
Following an “exciting start to the year”, SLB expects growth momentum to continue, the executive noted.
“The oil and gas industry continues to benefit from strong market fundamentals driven by a growing demand outlook. This is resulting in a significant baseload of activity, particularly in the international and offshore markets, closely aligned with the strengths of our business,” Le Peuch said.
..
davooo
Posted - 5 days ago
$PUMP 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 - 6 days ago
$PUMP 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 - 1 week ago
$PUMP 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. 🍨
davooo
Posted - 1 week ago
$PUMP 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 - 1 week ago
$PUMP 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
$PUMP 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.
💪
YouVSYou
Posted - 2 weeks ago
$PUMP $COOT & $COCH
davooo
Posted - 2 weeks ago
$PUMP 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 - 2 weeks ago
$PUMP ProPetro Announces First Quarter 2024 Earnings Call
https://www.stocktitan.net/news/PUMP/pro-petro-announces-first-quarter-2024-earnings-etlx1f04coe8.html
davooo
Posted - 3 weeks ago
$PUMP 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.
😯
davooo
Posted - 03/31/24
$PUMP 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.💕
Raydvv12
Posted - 03/29/24
$Pump lets Go
davooo
Posted - 03/28/24
$PUMP 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
$PUMP 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.
🚗
ParabolicVision
Posted - 03/26/24
$PUMP it up.
grex917
Posted - 1 month ago
$PUMP anyone have any information on the internal control deficiency.
davooo
Posted - 1 month ago
$PUMP , SDPI and NINE LONDON, March 4 (Reuters) - Investors have become less bearish about the outlook for oil and gas prices as U.S. shale producers scale back drilling while Saudi Arabia and its OPEC+ allies extend their own output cuts for a further three months.
Hedge funds and other money managers purchased the equivalent of 10 million barrels in the six most important petroleum futures and options contracts over the seven days ending Feb. 27.
Persistent short-covering has helped lift front-month WTI prices by more than $10 per barrel (15%) since mid-December.
Some of the gap, where fund managers were relatively sanguine about the outlook for Brent but extremely bearish towards WTI, has now closed.
🤣
davooo
Posted - 1 month ago
$PUMP Crude oil could break out of recent range - BofA
Crude oil could break out of recent range - BofA
 | Author Peter Nurse
Published Mar 01, 2024 08:53AM ET View all comments (3)

Investing.com - Crude oil prices have risen Friday, but remain trapped in a tight trading range as price volatility has fallen to pre-Covid lows. Technical analysis suggests an upside breakout is a possibility, according to Bank of America Securities.
Goldman Sachs, in a recent note, said it expects the $70-$90 a barrel range to continue for the foreseeable future, citing a modest geopolitical risk premium, the OPEC put limiting downside risk, and robust non-OPEC supply growth keeping pace with solid global demand growth. However, BofA Securities noted that the commodity is approaching three-month highs and a range breakout is a possibility
🏖️
davooo
Posted - 1 month ago
$PUMP Crude oil could break out of recent range - BofA
Crude oil could break out of recent range - BofA
 | Author Peter Nurse
Published Mar 01, 2024 08:53AM ET View all comments (3)

Investing.com - Crude oil prices have risen Friday, but remain trapped in a tight trading range as price volatility has fallen to pre-Covid lows. Technical analysis suggests an upside breakout is a possibility, according to Bank of America Securities.
Goldman Sachs, in a recent note, said it expects the $70-$90 a barrel range to continue for the foreseeable future, citing a modest geopolitical risk premium, the OPEC put limiting downside risk, and robust non-OPEC supply growth keeping pace with solid global demand growth. However, BofA Securities noted that the commodity is approaching three-month highs and a range breakout is a possibility
🚗
davooo
Posted - 1 month ago
$PUMP US oil, gas rig count gains 5 to 669 as Q4 earnings hint at upstream capex rise
Permian gains 5 rigs for total 317
S&P Global sees rig count gains in 2024
The US oil, gas rig count gained five to 669 for the week ended Feb. 21, S&P Global Commodity Insights data showed, as fourth-quarter upstream earnings season essentially came to a close with indications of slightly higher capex in 2024 and also of moderating production growth.
The week-on-week activity increases also may a harbinger of more rig additions in US fields over 2024 to keep oil output growth momentum churning, as domestic production – which currently hovers around a record 13.3 million b/d –continues.😋
Olena
Posted - 1 month ago
@LookinForGains volume is always before $$pump
davooo
Posted - 02/29/24
$PUMP and SDPI From OilPrice:
A slower pace of the energy transition will push peak oil demand beyond 2030, according to the world’s biggest independent oil trader, Vitol Group. “Oil demand has a good few number of years still to climb ... before it plateaus,” Vitol’s chief executive Russell Hardy said at the International Energy Week in London, as carried by Reuters.
Overall global demand for oil, natural gas, and coal is also set to peak later than expected as the energy transition is progressing slower than initially thought, according to the executive. Vitol’s view on peak oil demand is several years later than the International Energy Agency (IEA), which advocates for a faster energy transition and has insisted for half a year now that global oil demand will peak before 2030. 😈
davooo
Posted - 02/29/24
$PUMP From OilPrice: Goldman Sachs revised up its forecast for summer peak Brent Crude prices to $87 per barrel, up by $2 from earlier expectations, on the back of faster-than-expected land inventory drawdowns due to seaborne trade disruptions from the Red Sea crisis.
According to Goldman, Brent prices will likely remain in the $70-$90 a barrel trading range in the near term amid a modest geopolitical premium from the wars in Ukraine and the Middle East.
The Wall Street bank expects the OPEC+ alliance to decide in early March to roll over the first-quarter cuts into the second quarter, and only gradually to unwind the supply reductions beginning in the third quarter of this year.
💘
davooo
Posted - 02/28/24
$PUMP Part 2 Superior Drilling Products (NYSEMKT:SDPI) refurbishes PDC drill bits and other tools used in the oil, gas, and mining sectors. The company operates a state-of-the-art PDC facility with an eye on expanding its market share to become a premier drill components manufacturer. At first glance, this chart looks rather boring. Indeed, shares have ping-ponged near 70 cents for years, aside from occasional short-lived spikes above $1 per share. However, several dynamics could fuel a breakout and multi-bagger returns from current levels.
For one, Superior Drilling is nicely profitable with a strong balance sheet. It trades at just 10-times forward earnings with 50% EPS growth estimated next year and 15% revenue growth annually after that. These are impressive metrics, indeed.👍
davooo
Posted - 02/28/24
$PUMP Under-$5 Deep Value Stock That You’ve Never Heard Of
This deep value stock certainly looks like a diamond in the rough
1)Superior Drilling Products (SDPI): Perfectly-positioned to ride resurgent drilling activity to new highs, if political winds shift favorably.
Quietly operating under the radar, these businesses have built sturdy foundations and are poised to profit when the spotlight shifts. Before the herd catches on, let’s explore three little-known stocks that look ready to pop.👟
