Sable Offshore Corp. (NYSE:SOC) is one of the cheap oil stocks under $10 to buy now. On December 1, Roth Capital stated that it expected Sable Offshore Corp. (NYSE:SOC) shares to have a positive reaction on the same day (December 1) due to Sable’s announcement about seeking federal oversight for its pipeline. And by close of trading on that day, the stock was up 14%; and as of December 4, the stock had gained an additional 6%. Roth Capital has a Buy rating on Sable and a price target of $22. Sable (SOC) S ...

Core Insights - Crude oil and gasoline prices are experiencing declines, with crude reaching a 1.5-week low and gasoline a 2-week low, primarily due to a stronger dollar and concerns over a global oil glut [2][3] - Trafigura forecasts a "super glut" in the global oil market next year, driven by new supply outpacing sluggish demand, which is negatively impacting crude prices [3] - Saudi Aramco's recent price cut for Arab Light crude oil indicates weakened energy demand, marking the lowest price since January 2021 [4] Market Dynamics - Geopolitical tensions, particularly involving Russia and Ukraine, are providing some support to crude prices despite overall bearish trends [5] - Russian crude exports have significantly decreased, with shipments falling to 1.7 million barrels per day (bpd) in early November, the lowest in over three years, due to ongoing conflicts and new sanctions [6] - The closure of key oil export routes, such as the Caspian Pipeline Consortium, further constrains Russian oil exports, impacting global supply dynamics [6]

Core Insights - Diamondback Energy, Inc. (NASDAQ:FANG) is currently viewed as a strong investment opportunity, with positive ratings from major financial institutions like Goldman Sachs and UBS, both reiterating Buy ratings with price targets of $179 and $174 respectively [1][2] Financial Performance - The company reported a significant revenue increase of 48.36% year-over-year, reaching $3.92 billion, which exceeded estimates by $394.29 million during its fiscal Q3 2025 earnings release [2] - Earnings per share (EPS) for the quarter was $3.08, surpassing consensus estimates by $0.14 [2] - Average oil production increased to 503.8 MBO/d, up from 495.7 MBO/d in the previous quarter [2] Production Guidance - Diamondback Energy raised its full-year production guidance to a range of 495 MBO/d – 498 MBO/d, an increase from the previous range of 485 – 492 MBO/d [3] - The annual BOE (barrel of oil equivalent) guidance was also increased to 910 MBOE/d – 920 MBOE/d in Q3 2025, reflecting a 2% increase from Q2 2025 [3] Company Overview - Diamondback Energy, Inc. is an independent oil and natural gas company focused on exploring, acquiring, and developing onshore unconventional reserves in the Permian Basin, West Texas [3]

Group 1 - The issuer of the shares is ECO (ATLANTIC) OIL & GAS LTD [1]

Small and medium-sized US oil and gas producers are expected to lead a new wave of shale mergers and acquisitions, according to industry consultant Rystad Energy https://t.co/ORAARkZyn4 ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Group 1 - Shell is looking to sell a 20% stake in its Brazilian oilfield cluster [1] - The sale aims to raise funds for a multibillion-dollar offshore development project [1]

Exxon Mobil raised its expectation for future earnings and cash flow due to growth in key assets in the Permian Basin, Guyana and liquefied natural gas — and more cost savings https://t.co/deXBCGiqMQ ...

Core Viewpoint - Parex Resources Inc. has decided to halt discussions regarding the acquisition of GeoPark Limited due to a lack of agreement on the perceived value of GeoPark shares compared to Parex's acquisition proposal of US$9.00 per share [2][5]. Company Overview - Parex Resources Inc. is one of the largest independent oil and gas companies in Colombia, focusing on sustainable and conventional production. The company is headquartered in Calgary, Canada, with an operating office in Bogotá, Colombia, and its shares trade on the Toronto Stock Exchange under the symbol PXT [3]. Timeline of Events - On November 2, 2025, GeoPark's CEO indicated readiness to engage in discussions with Parex regarding a potential transaction [5]. - A non-disclosure agreement was executed between Parex and GeoPark from November 4 to November 13, 2025 [5]. - GeoPark provided Parex access to a virtual data room on November 14, 2025, and shared select information [5]. - On December 1, 2025, Parex and GeoPark representatives met in person in Bogotá to discuss their views on value [5]. - On December 8, 2025, GeoPark reaffirmed its unwillingness to negotiate within the parameters of Parex's September Proposal, leading Parex to halt further discussions [5].

Top U.S. oil producer Exxon Mobil on Tuesday raised its earnings growth outlook to $25 billion and cash flow growth to $35 billion from 2024 to 2030. ...