Wednesday, October 14, 2026
As the third-quarter earnings season approaches, I’m curious how the different energy sectors will report. I expect very good earnings, but also think upstream and downstream could have quite different results, and more importantly, different share price reactions. Upstream energy companies drill for crude oil and natural gas. Their results depend on production levels and […]
With crude oil continuing to trade at $90 to $100, and gasoline and diesel prices high enough to worry politicians, the wars in Ukraine and Iran have thrown global energy markets into disarray. To fully understand what’s happening, it’s important to also understand the broader energy sector, which divides naturally into three subsectors, depending on […]
Crude oil prices and the share prices of upstream energy stocks have been on a wild ride. Recently, WTI crude has dropped from $105 to about $90 per barrel. Upstream energy stocks have also fallen sharply. Here are the year-to-date stock charts with normalized returns for a couple of my favorite upstream stocks: Diamondback Energy […]
Although crude oil (WTI) is down from its recent high of almost $105 per barrel, even in the $90s, oil and fuel production will remain highly profitable for the energy sector. Several factors should support continued profits for energy companies. Even as shipping through the Strait of Hormuz returns to normal levels, I expect oil […]
As I write this (a week before publication), stocks have been falling as crude oil and the 10-year Treasury yield ratchet higher. Let’s take a look at what is going on in the markets. As I write this, WTI crude oil is at $103 per barrel, up from $70 on July 1. Continued disruptions to […]
