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Fly News Breaks for February 20, 2020
PXD, EOG, BKR
Feb 20, 2020 | 09:17 EDT
As previously reported, Edward Jones analyst Jennifer Rowland downgraded Pioneer Natural (PXD), EOG Resources (EOG) and Baker Hughes (BKR), all to Hold from Buy, after she lowered her long-term price forecasts for both oil and natural gas. Given the "increasingly challenged" commodity price environment, she sees a difficult environment for energy equipment & services companies and for exploration and production companies, Rowland tells investors.
News For PXD;EOG;BKR From the Last 2 Days
BKR
Jun 5, 2020 | 13:03 EDT
Baker Hughes reports that the U.S. rig count is down 17 rigs from last week to 284 with oil rigs down 16 to 206, gas rigs down 1 to 76, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 691 rigs from last year's count of 975, with oil rigs down 583, gas rigs down 110, and miscellaneous rigs up 2 to 2. The U.S. Offshore Rig Count is up 1 to 13 and down 10 year-over-year. The Canada Rig Count is up 1 rig from last week to 21, with oil rigs unchanged at 7 and gas rigs up 1 to 14. The Canada Rig Count is down 82 rigs from last year's count of 103, with oil rigs down 52 and gas rigs down 30.
BKR
Jun 5, 2020 | 06:01 EDT
Baker Hughes announced that the Baker Hughes international rig count for May 2020 was 805 down 110 from the 915 counted in April 2020, and down 321 from the 1,126 counted in May 2019. The international offshore rig count for May 2020 was 195, down 33 from the 228 counted in April 2020, and down 45 from the 240 counted in May 2019. The average U.S. rig count for May 2020 was 348, down 218 from the 566 counted in April 2020, and down 638 from the 986 counted in May 2019. The average Canadian rig count for May 2020 was 23, down 10 from the 33 counted in April 2020, and down 47 from the 60 counted in May 2019. The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020, and down 1,006 from the 2,182 counted in May 2019.