KeyBanc Capital Markets Initiated Coverage on Basket of Material and Energy Stocks

Analyst firm KeyBanc Capital Markets initiated a slew of energy, materials and energy service provider stocks Tuesday before the market. The move comes after Earnings season has been completed and US oil prices are trading at lows from January, before the Russian invasion of Ukraine. KeyBanc Capital Markets Coverage Initiated Black Stone Minerals (BSM) initiated with an Overweight at KeyBanc Capital Markets; tgt $22 Brigham Minerals (MNRL) initiated with a Sector Weight at KeyBanc Capital Markets Callon Petroleum (CPE) initiated … Continue reading “KeyBanc Capital Markets Initiated Coverage on Basket of Material and Energy Stocks”

US Energy Producers Facing $5 to 10 Billion in Hedging Losses Due To Soaring Natural Gas Prices

The soaring natural gas prices have led to massive hedging losses a report by consultancy Rystad Energy shows at current prices of Henry Hub. The significant rise in hedged volume since the second quarter of 2021 was primarily driven by operators including Southwestern $SWN, Chesapeake $CHK, Range Resources $RRC and Comstock Resources $CRK. The Rystad analysis focus is on a peer group of shale-gas-focused producers that accounts for 35% of unconventional gas production and about 53% of shale gas production … Continue reading “US Energy Producers Facing $5 to 10 Billion in Hedging Losses Due To Soaring Natural Gas Prices”