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Coverage of crude oil, natural gas, and the energy companies that produce and refine them.

Magnolia Oil & Gas (MGY) As Geopolitical Risk Fades The Undervalued Narrative Holds

Magnolia Oil & Gas (MGY) As Geopolitical Risk Fades The Undervalued Narrative Holds

The agreement to end the war between the US and Iran and reopen the Strait of Hormuz has eased geopolitical risk, removing a war-related premium that previously supported Magnolia Oil & Gas (MGY) and peers. For Magnolia Oil & Gas, the easing of geopolitical risk has taken some heat out of the trade. The recent geopolitical selloff contrasts with a 30 day share price return of 10.70% and a year to date share price return of 21.04%, while the 5 year total shareholder return of 88.11% points to...

Eni Becomes Operator of Venezuelan Oil Field

Eni Becomes Operator of 35-Billion-Barrel Venezuelan Oil Field

Eni Becomes Operator of 35-Billion-Barrel Venezuelan Oil Field

Italy’s Eni has signed a 25-year contract with Venezuela’s state oil company PDVSA that makes the Italian energy major the exclusive operator of the giant Junín-5 heavy-oil field in the Orinoco Belt.

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