This Week
- Главная
- Разное
- Дизайн
- Бизнес и предпринимательство
- Аналитика
- Образование
- Развлечения
- Красота и здоровье
- Финансы
- Государство
- Путешествия
- Спорт
- Недвижимость
- Армия
- Графика
- Культурология
- Еда и кулинария
- Лингвистика
- Английский язык
- Астрономия
- Алгебра
- Биология
- География
- Детские презентации
- Информатика
- История
- Литература
- Маркетинг
- Математика
- Медицина
- Менеджмент
- Музыка
- МХК
- Немецкий язык
- ОБЖ
- Обществознание
- Окружающий мир
- Педагогика
- Русский язык
- Технология
- Физика
- Философия
- Химия
- Шаблоны, картинки для презентаций
- Экология
- Экономика
- Юриспруденция
Why Penn West Petroleum, Energy XXI, and Stone Energy Exploded Higher This Week презентация
Содержание
- 1. Why Penn West Petroleum, Energy XXI, and Stone Energy Exploded Higher This Week
- 2. The price of crude oil jumped
- 3. What: Oil and gas producer Stone Energy
- 4. So What: Key driver: With no news,
- 5. Now What: One of the reasons Stone
- 6. What: Oil producer Energy XXI (NASDAQ: EXXI) nearly doubled, leaping more than 96% this week.
- 7. So What: Key driver: Higher oil prices
- 8. Now What: Short covering was also likely
- 9. What: Canadian oil producer Penn West Petroleum’s
- 10. So What: Key driver: While higher oil
- 11. Now What: In addition to that, there
- 12. This could be the next billion-dollar iSecret
The price of crude oil jumped this week, heading from $45 per barrel to more than $50 a barrel at one point. This fueled strong gains among oil stocks; however,
Слайд 2
The price of crude oil jumped this week, heading from $45
per barrel to more than $50 a barrel at one point. This fueled strong gains among oil stocks; however, according to S&P Capital IQ data, the best gains were made by Penn West Petroleum (NYSE: PWE), Energy XXI (NASDAQ: EXXI), and Stone Energy (NYSE: SGY).
Photo credit: TaxCredits.net
Слайд 4So What:
Key driver: With no news, the only catalyst this week
was oil induced buying
Short covering also likely played a roll in the rally as 27.2% of the float was sold short as of the end of September
Short covering also likely played a roll in the rally as 27.2% of the float was sold short as of the end of September
Слайд 5Now What:
One of the reasons Stone was so heavily shorted is
because it has a lot of debt, but higher oil prices make that debt more manageable
Key takeaway: Investors are growing less concerned now that oil appears to be on the upswing
Key takeaway: Investors are growing less concerned now that oil appears to be on the upswing
Слайд 7So What:
Key driver: Higher oil prices
Energy XXI did make a move
to bolster its liquidity as it filed to sell up to $500 million worth of mixed securities
EXXI also had its credit rating downgraded by S&P
EXXI also had its credit rating downgraded by S&P
Слайд 8Now What:
Short covering was also likely a big fuel behind the
buying this week
Key takeaway: Higher oil prices, plus the potential for improved liquidity, had investors breathing a huge sigh of relief
Key takeaway: Higher oil prices, plus the potential for improved liquidity, had investors breathing a huge sigh of relief
Слайд 9What:
Canadian oil producer Penn West Petroleum’s (NYSE: PWE) stock more than
doubled, as it was up 121.7% this week.
Слайд 10So What:
Key driver: While higher oil prices helped, M&A news fueled
Penn West this week
First, Penn West sold a non-core asset for roughly $200 million, with plans to use the cash to pay down debt
First, Penn West sold a non-core asset for roughly $200 million, with plans to use the cash to pay down debt
Слайд 11Now What:
In addition to that, there was speculation in the market
that Penn West itself is an acquisition target, especially after a notable acquisition overture was announced in Canada
Key takeaway: Higher oil, better liquidity, and M&A movement has investors buying
Key takeaway: Higher oil, better liquidity, and M&A movement has investors buying
