The Best Energy Stocks For A Volatile Summer oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
We think in the next three years we could see $100 barrels again, and we stand by that. That would be a 2022, 2023 story. Part of it is the fact we have OPEC kind of holding all the cards, and the market is not particularly price responsive on the supply side and there is a lot of pent-up demand . We also have a lot of inflation everywhere. Oil has been lagging the rise in prices across the economy, Blanch has said.
Goldman has suggested that oil and gas investors should consider a barbell strategy with some exposure to more volatile names as well as cycle winners.
CEO: EQT's acquisition of Alta Resources Development about fit, not scale bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Northern Oil and Gas, Inc. Announces First Quarter 2021 Results
May 7, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) May 7, 2021
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s first quarter results.
MANAGEMENT COMMENTS
“The first quarter performance was above our internal expectations across all metrics as our core Williston & Permian properties continued to deliver,” commented Nick O’Grady, Northern’s Chief Executive Officer. “The Company generated $41.7 million of Free Cash Flow, approximately 6% of our total quarter end market capitalization in a single quarter. I am also very excited that we were able to continue to improve our liquidity and balance sheet with the completion of our financings in February. These transactions along with the continued growth of our business should provide us with sufficient cash flow to continue ou
EQT Reports First Quarter 2021 Results
Continuing to deliver value to stakeholders
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PITTSBURGH, May 5, 2021 /PRNewswire/ EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter 2021.
First Quarter Highlights:
Received an average realized price of $2.61/Mcfe
Total per unit operating costs of $1.31/Mcfe, $0.04 below midpoint of annual guidance
Net cash provided by operating activities of $400 MM; free cash flow
(1) of $259 MM
Capital expenditures of $238 MM, $42 MM below the low-end of guidance range
Well costs of $635/foot in the PA Marcellus, $40/foot below full-year 2021 well costs target
Reduced 2021 capital expenditure guidance by $75 MM