Category Archives: Energy

The Outlook Begins to Improve (Gradually) for BHGE

The net income and EPS figures for the 2019 first quarter for Baker Hughes, a GE company, are confusing as presented.  The company reported net income (before income or loss allocated to the non-controlling interest, which is GE) of $71 … Continue reading

Posted in Energy, GE | Tagged , | Leave a comment

Diamond Offshore Works to Stay Afloat

Diamond Offshore is the offshore drilling company that is 53%-owned by Loews Corporation.  The company currently owns a fleet of 17 “floaters” (self-propelled drillships and semisubmersible rigs), four of which are currently cold-stacked.

Posted in DO, Energy | Tagged | Leave a comment

Arch Coal (ARCH) 18Q1 Update

2018 First Quarter Results. On April 26, Arch Coal reported disappointing 2018 first quarter results. Adjusted EPS for the quarter was $2.95, up from $2.82 last year, but behind the consensus forecast of $4.22.  Revenues declined 4.3% to $575.3 million, … Continue reading

Posted in ARCH, Energy | Tagged , , | Leave a comment

Imperial Oil (IMO): The Poor Stepchild of Exxon Mobil

Imperial Oil (IMO), in which Exxon Mobil Corp. has a 69.6% stake, is the largest integrated oil company in Canada.  Across the value chain, it is a leading producer of oil (primarily through its assets in the Athabasca oil sands), … Continue reading

Posted in Energy | Tagged , | Leave a comment

Baker Hughes Will Likely Reinstate Its Dividend

Baker Hughes and General Electric completed their merger on July 3, 2017.  Baker Hughes shareholders received $17.50 in cash and one share of new Baker Hughes stock (BHGE).

Posted in Energy | Leave a comment

Unit Corp Returns to Growth Mode

Unit Corporation is a diversified oil & gas company based in Tulsa, OK.  Founded in 1963, the company was originally a contract driller.  Over the years, it expanded into oil & gas exploration and production and mid-stream services (i.e. gathering, … Continue reading

Posted in Energy, UNT | Tagged , | Leave a comment

A Quick Look at Tidewater’s Chapter 11 Plan

Tidewater, the largest publicly-traded operator of offshore vessels and marine support services for the offshore oil & gas industry filed for Chapter 11 bankruptcy proceedings on May 17, one week after announcing that it had reached agreement with creditors on … Continue reading

Posted in Energy, TDW | Tagged , | Leave a comment

Lack of Comprehensive Energy Policy May Prove Costly to U.S.

Last week, I attended the annual presentation of the American Gas Association (AGA) to the New York Society of Security Analysts (NYSSA). The AGA represents companies that deliver natural gas to residential, commercial and industrial customers across the U.S. The … Continue reading

Posted in Energy, Utilities | Tagged | Leave a comment

Thoughts and Analysis from Tenaris’s Investor Day

Tenaris S.A. (TS) is one of the world’s leading manufacturers of seamless and welded steel casing and tubing, otherwise known as “oil country tubular goods.” Its products are used mostly in oil & gas drilling operations.

Posted in Energy, TS | Tagged | Leave a comment

Westmoreland Coal: Still Hanging On

Like most of its peers, Westmoreland Coal Company (WLB) has seen its stock price fall precipitously over the past several years. Its stock is down more than 80% since it peaked in July 2014.

Posted in Energy | Tagged , | Leave a comment