Latest news with #Haynesville
Yahoo
4 days ago
- Business
- Yahoo
Kinder Morgan price target raised to $28 from $27 at Scotiabank
Scotiabank analyst Brandon Bingham raised the firm's price target on Kinder Morgan (KMI) to $28 from $27 and keeps a Sector Perform rating on the shares. While the company's recently reported consolidated adjusted EBITDA was in-line, Products and CO2 underperformed expectations while Natural Gas and Terminals exceeded expectations, the analyst tells investors. Scotiabank believes Haynesville is first set to meet the LNG ramp, but notes it expects more muted volume profits through 2H25 into 2026. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on KMI: Disclaimer & DisclosureReport an Issue Kinder Morgan's Earnings Call Highlights Growth and Optimism Kinder Morgan price target raised to $34 from $33 at Wells Fargo Kinder Morgan's Strong Financial Position and Growth Potential Drive Buy Rating Kinder Morgan's Strategic Expansions and Project Backlog Boost Buy Rating Kinder Morgan Reports Strong Q2 2025 Earnings Growth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 537 in the week to July 11, the lowest since October 2021. Baker Hughes said this week's decline puts the total rig count down 47 rigs, or 8% below this time last year. Baker Hughes said oil rigs fell by one to 424 this week, their lowest since September 2021, while gas rigs were unchanged at 108. In Texas, the biggest oil and gas producing state, the rig count fell by one to 255, the lowest since November 2021. But in the Haynesville shale in Arkansas, Louisiana and Texas, one of the nation's biggest and fastest growing gas producing regions, the rig count rose by one to 38, the most since March 2024. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output. The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 3% in 2025 from levels seen in 2024. That compares with roughly flat year-over-year spending in 2024, and increases of 27% in 2023, 40% in 2022 and 4% in 2021. Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.4 million bpd in 2025. On the gas side, the EIA projected a 68% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020. [NGAS/POLL] The EIA projected gas output would rise to 105.9 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023. Sign in to access your portfolio
Reuters
11-07-2025
- Business
- Reuters
US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
July 11 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 537 in the week to July 11, the lowest since October 2021. , , Baker Hughes said this week's decline puts the total rig count down 47 rigs, or 8% below this time last year. Baker Hughes said oil rigs fell by one to 424 this week, their lowest since September 2021, while gas rigs were unchanged at 108. In Texas, the biggest oil and gas producing state, the rig count fell by one to 255, the lowest since November 2021. But in the Haynesville shale in Arkansas, Louisiana and Texas, one of the nation's biggest and fastest growing gas producing regions, the rig count rose by one to 38, the most since March 2024. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output. The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 3% in 2025 from levels seen in 2024. That compares with roughly flat year-over-year spending in 2024, and increases of 27% in 2023, 40% in 2022 and 4% in 2021. Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.4 million bpd in 2025. On the gas side, the EIA projected a 68% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020. The EIA projected gas output would rise to 105.9 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023.
Yahoo
04-07-2025
- Sport
- Yahoo
LSU football earns commitment from 2026 Louisiana defensive back Isaiah Washington
LSU football received a commitment from another top prospect in its backyard. 2026 safety Isaiah Washington will stay home to play for the Tigers. The No. 3 safety out of Louisiana, Washington gained traction in his recruiting process over the last several weeks. He garnered eight offers towards the end of his junior year at Haynesville High School, including Arkansas and Tulane. Advertisement Washington is the state's No. 23 prospect and No. 67 at his position nationally. The six-foot-one, 170-pounder received a visit from LSU safeties coach Jake Olsen in his hometown before making two trips to Baton Rouge mid-June, which sealed the deal. The Haynesville, LA native is the eighth in-state prospect to choose LSU and the fifth defensive back. Washington joins a class ranked sixth nationally and third in the SEC. Washington is LSU's second commitment of the day, following offensive tackle Bryson Cooley. Brian Kelly and staff are gaining momentum as LSU looks to make a run at the No. 1 overall recruiting class. Advertisement LSU's 2026 class has 14 commits, including two five-stars and nine four-stars. This article originally appeared on LSU Wire: LSU football gains commitment from 2026 Louisiana defensive back
Yahoo
24-06-2025
- Business
- Yahoo
Comstock Resources, Inc. (CRK): A Bull Case Theory
We came across a bullish thesis on Comstock Resources, Inc. (CRK) on Deep Value Capital's Substack. In this article, we will summarize the bulls' thesis on CRK. Comstock Resources, Inc. (CRK)'s share was trading at $23.94 as of 11th June. CRK's trailing and forward P/E were 48.73 and 34.84 respectively according to Yahoo Finance. Aerial view of an oil and gas rig in the Permian Basin. Comstock Resources (CRK), a pure-play natural gas producer based in Texas, is quietly positioned at the heart of a transformative energy shift. As demand for natural gas surges—driven by data center expansion, rising LNG exports, and increasingly power-hungry infrastructure—Comstock stands out as America's lowest-cost gas producer, with strategic operations in the high-output Haynesville shale basin. The company operates over 2,400 wells across more than 820,000 net acres and produces approximately 1,350 MMcf/day of dry gas. Comstock's recent expansion into the deeper, more productive Western Haynesville zone further strengthens its long-term production profile. What differentiates Comstock is its disciplined, singular focus on low-cost gas extraction, without the distraction of midstream or refining assets. Led by Jay Allison since 1988, the company has refined its cost efficiency into a durable competitive advantage—staying profitable at low prices, thriving in upcycles, and avoiding overreliance on hedging. Natural gas prices have already rebounded sharply from a February 2024 bottom, and the setup through 2027 appears exceptionally favorable. With a lean cost structure and proximity to LNG terminals, Comstock is well-placed to capitalize on this multi-year demand tailwind. The market, however, has yet to fully reflect this potential, offering a compelling valuation case. Even after its recent run, the stock could double by 2027, implying a ~31% CAGR. If gas prices continue to strengthen, Comstock's pure-play model and operational leverage could trigger a major revaluation. In short, CRK is a high-conviction bet on the future of natural gas, built for both resilience and upside. Recently, we covered a on Advance Auto Parts (AAP) by the same author, which framed the stock as a classic turnaround opportunity under new CEO Shane O'Kelly. The thesis emphasized margin recovery, a pivot toward higher-margin professional customers, and potential for a 176% share price appreciation by 2027. A parallel case on Comstock Resources (CRK) similarly focuses on operational discipline and a favorable macro setup—this time in natural gas. Both AAP and CRK are framed as deep value opportunities, relying on strategic execution and macro tailwinds to drive significant rerating over a multi-year horizon. Comstock Resources, Inc. (CRK) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held CRK at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of CRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
