Is Schlumberger Limited (NYSE:SLB) Trading At A 47% Discount?
In this article we are going to estimate the intrinsic value of Schlumberger Limited ( NYSE:SLB ) by taking the...
Has the U.S. Energy Sector valuation changed over the past few years?
|Date||Market Cap||Revenue||Earnings||PE||Absolute PE||PS|
|Wed, 28 Sep 2022||US$1.9t||US$2.1t||US$190.8b||9.2x||9.9x||0.9x|
|Fri, 26 Aug 2022||US$2.2t||US$2.1t||US$190.6b||10.9x||11.8x||1.1x|
|Sun, 24 Jul 2022||US$1.9t||US$1.8t||US$111.5b||12.9x||17.2x||1.1x|
|Tue, 21 Jun 2022||US$1.9t||US$1.8t||US$110.4b||13.1x||17.6x||1.1x|
|Thu, 19 May 2022||US$2.2t||US$1.8t||US$109.6b||14.9x||20x||1.2x|
|Sat, 16 Apr 2022||US$2.2t||US$1.6t||US$90.1b||15.5x||23.9x||1.4x|
|Mon, 14 Mar 2022||US$2.0t||US$1.6t||US$91.2b||15.8x||22.3x||1.3x|
|Wed, 09 Feb 2022||US$1.8t||US$1.5t||US$67.8b||17.6x||26.7x||1.2x|
|Fri, 07 Jan 2022||US$1.7t||US$1.4t||US$22.1b||18.5x||74.8x||1.2x|
|Sun, 05 Dec 2021||US$1.5t||US$1.4t||US$23.3b||15.8x||63.9x||1.1x|
|Tue, 02 Nov 2021||US$1.6t||US$1.3t||US$1.6b||22.3x||1001.5x||1.3x|
|Thu, 30 Sep 2021||US$1.5t||US$1.2t||-US$15,279,058,586.00||20.3x||-96.2x||1.2x|
|Sat, 28 Aug 2021||US$1.3t||US$1.2t||-US$16,086,788,527.14||15.2x||-83.3x||1.1x|
|Sun, 04 Jul 2021||US$1.5t||US$1.2t||-US$16,112,384,260.14||15.9x||-91.1x||1.2x|
|Wed, 07 Apr 2021||US$1.3t||US$1.0t||-US$62,470,884,964.54||12.9x||-20.7x||1.3x|
|Sat, 09 Jan 2021||US$974.5b||US$989.7b||-US$153,942,789,407.27||8.8x||-6.3x||1x|
|Fri, 02 Oct 2020||US$751.0b||US$1.1t||-US$130,985,681,432.16||6.1x||-5.7x||0.7x|
|Mon, 06 Jul 2020||US$933.6b||US$1.2t||-US$116,404,913,800.03||8.2x||-8x||0.8x|
|Thu, 09 Apr 2020||US$710.0b||US$1.4t||-US$67,363,047,529.16||5.7x||-10.5x||0.5x|
|Wed, 01 Jan 2020||US$1.5t||US$1.5t||US$19.0b||12.7x||80.4x||1x|
|Sat, 05 Oct 2019||US$1.5t||US$1.5t||US$55.3b||10.1x||26.8x||1x|
Which industries have driven the changes within the U.S. Energy sector?
|Oil and Gas||-10.04%|
Which companies have driven the market over the last 7 days?
Summary Let’s look at the fundamentals of the underlying commodity driving XOM, crude oil. Next, we zoom into the specifics of XOM’s current valuation. What's the technical viewpoint and where might XOM find an important swing low in price? By Levi at StockWaves, Produced with Avi Gilburt Crude oil is a market where fundamentals certainly matter. However, it's also in the commodity family. Commodities are famously driven quite strongly by sentiment. There are times, especially at important turns in price, where the fundamentals do not seem to make sense. At Stock Waves we use both fundamentals and technicals to help us identify high probability setups across the markets. One such setup is now developing in Exxon Mobil (XOM). But, first, please allow me to briefly review what our view has been in energy producers and then we'll dive into where we see the oil majors heading in the next few months. Back on May 27 of this year our senior analyst, Zac Mannes, put out an important and timely update to members. In part, this was the main message: We have now started to raise awareness for our subscribers that we are heading into thick resistance as the confluence of Fibonacci price levels for the targets for most of those moves. There is still room for extensions, but the risk 'skew' is no longer very favorable." In addition, Zac posted a chart of XLE which showed a likely top at the $92.25 area. XLE did indeed find an important swing high at $93.31 on June 8th. MotiveWave So, it has been our stance that energy producers would find themselves in a corrective pattern for some time ahead, through the summer months and into the fall period. What's the current fundamental view for crude oil and energy producers? Our lead fundamental analyst, Lyn Alden, recently published this note regarding both. A Fundamental Note on Oil: This is an environment for the price of oil where managing timeframes is important. In the tactical sense, there are plenty of bearish variables. In the structural sense, there are plenty of bullish variables. The US Strategic Petroleum Reserve is actively selling oil into the market, and will do so up until the election." YCharts Meanwhile, the Fed is aggressively tightening monetary policy into an economic slowdown, and spiking dollar relative to other currencies in the process. The price of oil in yen, euro, and pound sterling for example is not as weak as the price of oil in dollars." Lyn Alden Lastly, the biggest oil importer in the world, China, has been using a zero-COVID policy that results in rolling lockdowns and reduced oil demand. Those are among the key tactically bearish fundamental variables. The structural undersupply issue is the longer-run bullish variable. There aren't many long-lifetime new projects coming online. Big emerging market sources of demand like India continue to grind higher over the long run." When Treasury market illiquidity or other issues cause the Fed to re-liquefy the global financial system, and/or the next period of economic acceleration comes, and/or technical signals show a clear reversal, I will be tactically bullish on oil again, in line with my structural bullish oil view." And, specifically regarding XOM, here are Lyn's comments: Many oil stocks, like XOM, are trading at reasonable valuations compared to the current and likely future price of oil. And many of them, XOM included, pay higher dividend yields than the broad market. However, it's the rate of change that matters, and they tend to trade directionally similar to the price of the underlying commodity. My view on most oil producers is therefore similar to my view on oil: tactically unclear until we get past the SPR drawdown and other macro factors, but long-term bullish." How Does XOM range vs. its peers? Note the profitability chart from here on Seeking Alpha: Seeking Alpha
Chevron New Energies International (NYSE:CVX) and Mitsui Oil Exploration (MOECO) have signed a joint collaboration pact to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. The pact could help unlock Japan’s significant geothermal potential. The new collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of Advanced Closed Loop technology for a future joint pilot project in Japan.
Stabilis Solutions (NASDAQ:SLNG) has received authorization from the U.S. Department of Energy to export domestically produced liquefied natural gas to all free trade and non-free trade countries, including Asian, European, and Latin American importing nations. Under the DOE's order, Stabilis received authority to export on its own behalf, or as agent for others, up to the equivalent of 51.75B cubic feet/year of domestically produced LNG. The authorization is for a term of 28 years.
Pioneer Natural Resources
Two units of Peabody Energy (NYSE:BTU) have completed the repurchase of about $20.4M of their term loan. PIC AU Holdings LLC and PIC AU Holdings Corp completed the repurchase of their 10.000% Senior Secured Term Loan due 2024 at a weighted average purchase price of 105.91% of par, BTU said in a statement on Monday. The units also announced an offer to purchase for cash any and all of the $81.55M outstanding principal amount of their 10.000% Senior Secured Notes due 2024. The units also simultaneously made a separate offer to buy an amount of the term loan of up to $61.19M at a purchase price of 105.91% on par. BTU stock earlier closed +3.1% at $21.23.
REX American Resources