An oil and natural gas company properly classified drilling consultants as independent contractors because they had their own businesses, the company argued in a bid for an early end to the consultants' conditionally certified overtime wages collective action in Colorado federal court.
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How To Play 2021’s First Oil Rally By Alex Kimani - Jan 06, 2021, 7:00 PM CST
Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another
annus horribilis where it, yet again, emerged as the worst-performing of the U.S.’ 11 market sectors. But the oil and gas sector is once again proving that it might be down but most definitely not out.
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Video: Path to Carbon-Free Power Generation by 2035
The 2021 U.S. Renewable Energy Outlook
European Energy Insights - February 2021
30 Dec, 2020 Author Bill Holland
After years of punishment as the shale gas boom imploded, many shale gas stocks outperformed major indexes and their oil and gas peers in 2020 because of increasing investor confidence that natural gas prices will be consistently higher in 2021 and drillers will spend less.
While wilder-than-normal weather in the autumn gutted hopes of a price spike to $4/MMBtu this winter, NYMEX gas futures contracts are signaling an average price of $2.65/MMBtu in 2021, a 31% improvement on 2020 s $2.02/MMBtu average of day-ahead cash prices at the benchmark Henry Hub, according to S&P Global Market Intelligence data Dec. 28.