J P M O R G A N MENA Emerging Markets Research 20 June 2025 GCC: Large flows through a narrow Strait As tensions rise, the importance of the Strait of Hormuz is once more in the spotlight Risks around the Strait of Hormuz have returned to center stage since the offensive launched by Israel and the Iranian retaliation. Safe passage through the Strait is vital for global hydrocarbon trade and for most of the Middle-East oil producers. About 20% of global oil trade and 30% of seaborne oil trade passes through ...

Commodities Oil Drilling Report Lifting 2026 supply growth forecast amid reported surge in hedging activity Table 1: Baker Hughes rig count Total rigs by basin | | Anadarko | Bakken | Eagle Ford | Niobrara | Permian | Total Oil | Haynesville Marcellus/ | | Total Gas | Total US | Total US | Total US | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | Basins | | Utica | Basins | Oil Rigs | Gas Rigs | Rigs | | 20-Jun-25 | 47 | 31 | 50 | 25 | 271 | 424 | 39 | 35 | 74 ...

Company Overview - Granite Ridge Resources, Inc. (GRNT) shares increased by 6.7% to close at $6.41, supported by higher trading volume compared to normal sessions [1] - The company is positioned to benefit from rising oil prices due to geopolitical tensions, particularly the conflict between Israel and Iran, which has led to a 13% increase in Brent crude and a 10% increase in West Texas Intermediate (WTI) [2] Financial Performance - Granite Ridge is expected to report quarterly earnings of $0.17 per share, reflecting a year-over-year increase of 30.8%, with revenues projected at $111 million, up 22.5% from the previous year [3] - The consensus EPS estimate for Granite Ridge has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Market Position - The company operates as a non-operated oil and natural gas exploration and production entity with a diverse portfolio across major U.S. basins, which enhances its operational flexibility and attractiveness in a volatile market [2] - Granite Ridge holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the current market context [5]

Oil prices are higher this morning, but not nearly as high as they had been overnight in the trading session where we saw WTI uh actually get up close to $79 and Brent even above $80 a barrel. Joining us right now is Josh Young. He's chief investment officer of Bison Interest which focuses on oil and gas investments.And Josh, let's just talk about where we stand. If you look back at a WTI chart over the last month, we're up 20%. So we have seen pretty massive premium that's been built in from where we were ...

Panmure Liberum策略师认为，如果伊朗采取报复行动但不关闭霍尔木兹海峡，通胀冲击将是显著的， 但只是短暂的，不足以使市场脱轨。预计油价在经历最初的恐慌性飙升后，将在70-80美元/桶的区间内 波动。 ...

Core Viewpoint - A lawsuit has been filed against Civitas Resources, Inc. and its senior executives for potential violations of federal securities laws, alleging misleading statements regarding the company's production capabilities and costs [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of New Jersey, titled Lin v. Civitas Resources, et al., No. 25-cv-03791, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until July 1, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Civitas Resources is an oil and gas exploration and production company with key assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico [3]. - The company claimed to have "enhanced recovery potential" and "driven production ahead of plans," while asserting that costs were below expectations [3]. Group 3: Financial Performance and Stock Impact - On February 24, 2025, Civitas announced disappointing Q4 and full year 2024 results, revealing that oil production had peaked and would require significant capital investment to increase production [4]. - Following the announcement, Civitas's stock price fell over 18%, from $49.30 per share to $40.35 per share [4].

Core Viewpoint - The energy market has experienced significant volatility in the first half of 2025, yet the oil benchmark West Texas Intermediate has returned to its early 2025 levels, prompting investors to consider energy stocks like Chevron [1][2]. Company Overview - Chevron is a leading energy company with a market capitalization of $256.7 billion, making it one of the largest in the industry [4]. - The company operates across the entire energy value chain, which helps mitigate risks associated with downturns in specific business segments [5]. Financial Performance - Chevron's upstream business is projected to generate substantial free cash flow, with estimates of $10 billion if Brent Crude averages $70 per barrel, or $9 billion if it averages $60 per barrel in 2026 [6]. - The company has a strong history of increasing dividends for 38 consecutive years, with a forward dividend yield of 4.6% and an average payout ratio of 68.4% over the past five years [7]. Shareholder Returns - Chevron has a consistent track record of returning capital to shareholders through share buybacks, having repurchased shares in 18 of the last 22 years, including $15.2 billion in 2024 [10]. - There is a debate among investors regarding the effectiveness of share buybacks compared to dividends as a means of returning capital [10]. Market Risks - Despite the rebound in energy prices, there is uncertainty about potential declines in the second half of 2025, which could lead Chevron to scale back operations on lower-margin projects [9]. - Some investors are considering alternatives such as nuclear energy stocks, which may present better growth opportunities in the current market environment [12]. Investment Outlook - Arguments in favor of investing in Chevron stock highlight its resilience during market downturns, commitment to dividends, and reasonable pricing, with shares trading at an operating cash flow multiple of 8.6 [13].

Aramco has long been the beating heart of Saudi Arabia's economy. But in less than five years time, the kingdom hopes to reach its goal of building an economy that moves away from its traditional reliance on oil. We think of ourselves as a technology company delivering energy, to be honest with you.Technology has always been our competitive advantage. The company has been evolving ever since its inception. Aramco plays a significant role in Saudi's diversification agenda.Aramco's journey started in 1933 whe ...

CALGARY, Alberta, June 20, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that, for personal reasons, Peter Dey will be stepping down from the Board of Gran Tierra at the end of June 2025. Peter has agreed to make himself available to consult with the Board as required until the end of 2025 while a search is conducted for a replacement director. “On behalf of the Board of Directors of Gran Tierra, I want to thank Peter ...

Company Overview - Houston American Energy Corp. is an independent oil and gas company engaged in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate [7] - The company's principal properties are located primarily in the Texas Permian Basin, Colombia, and the onshore Louisiana Gulf Coast region [7] Offering Details - Houston American Energy Corp. has completed a registered direct offering, selling 223,762 shares of common stock at a purchase price of $10.60 per share, resulting in gross proceeds of approximately $2.37 million [2][3] - The net proceeds from the offering, estimated at approximately $2.1 million, are intended for general corporate purposes [3] Placement Agent - Univest Securities, LLC acted as the sole placement agent for the offering [3]