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ExxonMobil (NYSE: XOM) doesn’t believe fossil fuels will become extinct. It sees oil and gas playing a vital role in fueling the economy in the future, even as the adoption of cleaner alternatives accelerates. That’s partly due to their lower relative costs and the huge technological leaps needed before replacement fuels like green hydrogen become ...
Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high of 16.7 billion cubic feet per day (Bcf/d) in 2021. Annual marketed natural gas production in the Permian Basin has been rising steadily since 2012. The Permian Basin is the second-largest shale gas-producing region in ...
Midstream participated in the week’s equity rally after having outperformed over previous weeks when the market fell.
EnLink Midstream, LLC (NYSE:ENLC – Get Rating) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 14,130,000 shares, a growth of 52.3% from the April 30th total of 9,280,000 shares. Approximately 5.6% of the company’s stock are short sold. Based […]
Equities Research Analysts’ price target changes for Friday, May 27th: AmerisourceBergen (NYSE:ABC) had its price target reduced by Morgan Stanley from $178.00 to $175.00. The firm currently has an equal weight rating on the stock. Autodesk (NASDAQ:ADSK) had its target price cut by Morgan Stanley from $258.00 to $245.00. They currently have an equal weight […]