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Ultra Petroleum Likely to Top Earnings – Analyst Blog

Thu, 02 May 2013 15:46:01 -0400

We expect Ultra Petroleum Corporation, to beat expectations when the company reports its first-quarter 2013 results tomorrow on May 3, 2013.

Who’s Toast if Natural Gas Prices Plunge Again?

Wed, 01 May 2013 09:41:24 -0400

UPDATE: Deutsche Bank Raises PT on Ultra Petroleum on Updated Q1 Expectations

Mon, 22 Apr 2013 10:20:42 -0400

In a report published Monday, Deutsche Bank analyst Stephen Richardson reiterated a Hold rating on Ultra Petroleum Corp. (NYSE: UPL), and raised the price target from $18.00 to $21.00.

In the report, Richardson noted, “Led by a downward spiral in crude price, E&Ps are stumbling into quarterly results, with

Drillers: Productivity Boom Transcends Gas Prices

Fri, 19 Apr 2013 10:21:43 -0400

Market Wrap for Friday, April 5: Stocks Record Moderate Losses on Disappointing Jobs Data

Fri, 05 Apr 2013 16:31:23 -0400

Stocks closed Friday's trading session only moderately lower and well off of session lows after a series of disappointing economic reports.

For the most part, investors shrugged off surprising nonfarm payrolls data and losses for the major averages were contained. In other news, the USD/JPY continued to rise sharply in

Mid-Day Market Update: Radware Dips On Weak Forecast, NII Gains

Fri, 05 Apr 2013 12:35:18 -0400

Midway through trading Friday, the Dow traded down 0.79 percent to 14,490.91 while the NASDAQ dropped 1.11 percent to 3,189.33. The S&P also fell, declining 0.94 percent to 1,545.39.

Index Technicals: The S&P 500 found support at 1,550 yesterday, and opened lower to test the 1,540 level today. The MACD divergences remain

Bill Barrett Boosts Natural Gas ETF

Fri, 05 Apr 2013 12:28:36 -0400

Broadly speaking, energy ETFs are holding up relatively Friday despite a disappointing March jobs report and one equity-base fund is standing tall above the others.

The First Trust ISE-Revere Natural Gas Index Fund (NYSE: FCG) is higher by 2.1 percent on volume that is already well above the daily

A Look Ahead: This Week's ETFs to Watch

Sun, 24 Mar 2013 10:35:34 -0400

The S&P 500 slid to just its second weekly loss of 2013 last week due in large part to Cyprus roiling global equity markets. Last week started with investors pensive that Cyprus, a nation of just 1.1 million citizens, could be teetering on the brink of bankruptcy and departure from

Hot Option Plays: The Squeeze Midday

Thu, 14 Mar 2013 13:18:39 -0400

Cusick’s Corner 03-14-2013 Midday The inverse of a bottom picker (I will stay away from any proctologist jokes this time) is a top picker. Right now this market feels like early shorts are being squeezed on the upside and many might be getting uncomfortable as this market continues to grind higher. I see this not [...]

UPDATE: Jefferies Cuts PT to $15 on Ultra Petroleum Following Reserve Update

Tue, 19 Feb 2013 13:40:42 -0500

Jefferies maintained Ultra Petroleum (NYSE: UPL) with a Neutral rating and lowered the price target from $24.00 to $18.00.

Jefferies noted, "Reducing PT to $15 from $20 on reserve update. We are not assuming the restoration of written-off PUDs because of downward bias to long-term gas deck and the

Ultra Petroleum: Likely to Beat – Analyst Blog

Thu, 14 Feb 2013 17:50:01 -0500

We expect natural Ultra Petroleum Corp. to beat expectations when the company reports its fourth-quarter and full year 2012 results tomorrow on Friday, Feb 15.

Ultra Petroleum Cut to Underperform – Analyst Blog

Mon, 11 Feb 2013 12:40:01 -0500

On Feb 5, 2013, we downgraded natural gas producer Ultra Petroleum Corporation to Underperform from Neutral, concerned by the current weak sentiment for the commodity.

Natural Gas Supplies Tumble – Analyst Blog

Tue, 15 Jan 2013 12:40:01 -0500

The U.S. Energy Department's weekly inventory release showed a large decrease in natural gas supplies.

(APC) Natural Gas Supplies Down by 82 Bcf

Wed, 26 Dec 2012 13:01:52 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Natural Gas Supplies Down by 82 Bcf – Analyst Blog

Mon, 24 Dec 2012 15:50:01 -0500

The U.S. Energy Department's weekly inventory release showed a 82 Bcf decrease in natural gas supplies for the week ended December 14, 2012.

CorEnergy Closes Offering of Stock, Sees Gross Proceeds of $78M

Tue, 18 Dec 2012 17:24:24 -0500

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) today announced that it has closed its previously announced public offering of common stock, raising $78 million in gross proceeds at $6.00 per share. CorEnergy intends to use the net proceeds of the offering to finance a portion of the previously announced anticipated acquisition of a

An Unseasonal Natural Gas Injection – Analyst Blog

Mon, 17 Dec 2012 12:06:01 -0500

The U.S. Energy Department's weekly inventory release showed a surprise increase in natural gas supplies on account of warmer-than-normal temperatures across most of the country.

Ultra Petroleum to Sell LGS – Analyst Blog

Tue, 11 Dec 2012 08:50:01 -0500

Ultra Petroleum Corporation entered into an agreement with CorEnergy Infrastructure Trust Inc (CORR) to sell its Liquids Gathering System.

(APC) Gas Stocks Dip Below Year-Ago Level

Mon, 10 Dec 2012 21:20:39 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Gas Stocks Dip Below Year-Ago Level – Analyst Blog

Mon, 10 Dec 2012 16:25:01 -0500

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies that pushed down stocks below the year-ago level.

Citigroup Reiterates Neutral Rating, $22 PT on Ultra Petroleum Corp.

Mon, 10 Dec 2012 12:07:00 -0500

In a report published Monday, Citigroup reiterated its Neutral rating and $22.00 price target on Ultra Petroleum Corp. (NYSE: UPL).

Citigroup noted, “Overall, we believe that Ultra is following a simple yet effective strategy of truly being a low-cost producer of dry natural gas. The company has built sizable

UPDATE: Sterne Agee Upgrades Ultra Petroleum to Neutral on Improved Outlook

Mon, 10 Dec 2012 10:15:43 -0500

Sterne Agee raised its rating on Ultra Petroleum (NYSE: UPL) from Underperform to Neutral while removing its $20 price target.

Sterne Agee noted, "Over the last three months, shares have lagged our coverage group despite improving natural gas prices. After meeting with the company recently, we have greater

CorEnergy Infrastructure Trust to Acquire Liquids Gathering System from Ultra Petroleum for $225M Cash

Mon, 10 Dec 2012 06:21:45 -0500

CorEnergy Infrastructure Trust (NYSE: CORR) today announced that it has entered into a definitive agreement to acquire a Liquids Gathering System (“LGS”) from Ultra Petroleum Corp. (NYSE: UPL) for $225

CorEnergy Infrastructure Trust Announces 18.5M Shares Offering

Mon, 10 Dec 2012 06:20:23 -0500

CorEnergy Infrastructure Trust (NYSE: CORR) today announced that it intends to offer, subject to market and other conditions, 18,500,000 shares of its common stock in an underwritten public offering.

(APC) U.S. Natural Gas Stockpiles Shrink

Wed, 28 Nov 2012 00:37:17 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Natural Gas Stockpiles Shrink – Analyst Blog

Tue, 27 Nov 2012 13:34:01 -0500

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies on account of the advent of cold weather.

Season’s First Natural Gas Drawdown – Analyst Blog

Mon, 19 Nov 2012 12:15:01 -0500

The U.S. Energy Department's weekly inventory release showed a decrease in natural gas supplies, the first withdrawal of the 2012-2013 winter heating season.

Ultra Petroleum Tops EPS, Lags Revs – Analyst Blog

Fri, 02 Nov 2012 13:30:01 -0400

Ultra Petroleum reported earnings per share, excluding special items, of 64 cents, moving ahead of the Zacks Consensus Estimate of 51 cents.

Natural gas vehicles are overlooked energy play

Fri, 12 Oct 2012 08:29:16 -0400

With prices at the pump soaring, natural gas is looking more appealing as a cheaper and cleaner alternative to gasoline and diesel. And several stocks are showing up on Wall Street’s radar as a way to ride the trend, writes Steve Gelsi.

(BBY) The Art of Predicting Takeover Targets

Sun, 02 Sep 2012 16:25:34 -0400

I think we’ve all heard about the Best Buy (NYSE: BBY) takeover attempt by now. The story goes that...

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Ultra Petroleum off on downgrade; sector retreats

Thu, 23 Aug 2012 10:24:39 -0400

Tropical storm Isaac may move into the Gulf of Mexico next week

(RRC) Range Resources Records Solid Second Quarter Volume

Mon, 13 Aug 2012 09:39:08 -0400

Range Resources Corporation’s (RRC) second quarter 2012 production volume experienced an impressive...

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Good takeover targets beyond Best Buy

Wed, 08 Aug 2012 00:01:15 -0400

Takeover math suggests Best Buy isn’t the only good buy around. For investors, one way to identify other companies that seem priced for takeover appeal is to run a screen for low EV/Ebitda ratios.

Rosneft may bid for TNK-BP; energy stocks dip

Tue, 24 Jul 2012 10:33:10 -0400

Peabody Energy falls more than 5%, but natural-gas shares rise.

Transocean, Ultra Petroleum top energy stock gains

Fri, 15 Jun 2012 10:47:10 -0400

Transocean up after favorable fleet update, Exxon inks development deal with Rosneft.

(XOM) U.S. Natural Gas Surplus Shrinks Further

Sun, 10 Jun 2012 15:04:39 -0400

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase...

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Nat Gas Rig Count Hits New 10-Yr Low

Tue, 29 May 2012 15:32:53 -0400

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to cutbacks in the tally of gas-directed rigs, partially offset by increase in oil and miscellaneous rig counts. In particular, [...]

Nat Gas Rig Count Snaps Losing Streak

Tue, 22 May 2012 16:38:13 -0400

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to an increase in the tally of both oil and natural gas-directed rigs. In particular, the natural gas rig count [...]

(EIA) U.S. Energy Department Reports Natural Gas Surplus Shrinks

Mon, 21 May 2012 12:42:30 -0400

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase...

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Ultra Petroleum Upgraded To Neutral

Thu, 10 May 2012 06:24:56 -0400

We have upgraded domestic energy explorer Ultra Petroleum Corporation (NYSE:UPL) to Neutral from Underperform, reflecting the company’s portfolio repositioning initiatives. Houston, Texas-based Ultra Petroleum is an energy firm engaged in the acquisition, development, exploration and production of oil and gas properties. The company’s operations are focused on the Green River Basin of southwest Wyoming, mainly [...]

Exxon Mobil, Alpha Natural pace energy losses

Wed, 09 May 2012 10:58:46 -0400

Sector gets caught up in further turbulence for the broader equities market, and lower crude prices hardly help matters for energy investors.

Ultra Petroleum Tops, Rev Lags – Analyst Blog

Fri, 04 May 2012 14:30:01 -0400

Ultra Petroleum reported first quarter 2012 earnings per share, excluding special items, of 32 cents, beating the Zacks Consensus Estimate of 29 cents.

Mixed 1Q for Range Resources – Analyst Blog

Thu, 26 Apr 2012 14:30:01 -0400

Range Resources Corp. posted adjusted earnings of 15 cents a share, comprehensively beating the Zacks Consensus Estimate of 6 cents. However, results decreased almost 32% from the year-earlier profit of 22 cents a share.

Mixed 1Q For Range Resources

Thu, 26 Apr 2012 13:53:36 -0400

Range Resources Corp.’s (NYSE:RRC) first-quarter 2012 results were aided by a higher production level and lower unit costs, partly mitigated by lower realized prices. The company posted adjusted earnings of 15 cents a share, comprehensively beating the Zacks Consensus Estimate of 6 cents. However, results decreased almost 32% from the year-earlier profit of 22 cents a [...]

(BHI) U.S. Oil Drilling Rigs Scale New Peak

Tue, 24 Apr 2012 12:45:06 -0400

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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Oil Drilling Rigs Scale New Peak – Analyst Blog

Mon, 23 Apr 2012 15:45:01 -0400

According to data released by Houston-based oilfield services company Baker Hughes, the oil rig count was up by 15 from the previous week's level to 1,337. the highest since 1987.

(EIA) Natural Gas Prices Continue to Sink

Sun, 22 Apr 2012 13:27:15 -0400

The U.S. Energy Department’s weekly inventory release showed an in-line increase in natural...

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Natural Gas Prices Continue to Sink – Analyst Blog

Fri, 20 Apr 2012 18:38:01 -0400

Natural gas stocks, currently some 60% above the benchmark five-year average levels, are at their highest point for this time of the year, reflecting low demand amid robust onshore output.

Natural Gas Prices Continue To Sink

Fri, 20 Apr 2012 18:00:16 -0400

The U.S. Energy Department’s weekly inventory release showed an in-line increase in natural gas supplies, as maintenance on two nuclear units in Southern California led to increased natural gas demand in the region. However, this is largely seen as a one-off shot, with mild April temperatures across the country restricting the commodity’s requirement for power [...]

(BHI) Natural Gas Rig Count Lowest Since 2002

Wed, 18 Apr 2012 22:14:17 -0400

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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