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US Oil Drillers Continue to Add Rigs
Oilprice.com96d agoneutral
US Oil Drillers Continue to Add Rigs

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday

Equinor Supplier Extensions Support Offshore Output But Valuation Signals Caution
Simply Wall St.100d agoneutral
Equinor Supplier Extensions Support Offshore Output But Valuation Signals Caution

Equinor has extended key supplier contracts for drilling and well services on the Norwegian Continental Shelf, with an aggregate value of about NOK 17b. The multi year extensions with Baker Hughes, Halliburton, SLB and others are aimed at maintaining offshore Norway production and supporting stable energy supply to Europe. The company plans to continue drilling 20 to 30 exploration wells per year to help manage expected production declines through new discoveries and projects. For...

Energy Stocks Are Crushing the Market in 2026 — and Trump Could Keep the Rally Alive
24/7 Wall St.100d agobullish
Energy Stocks Are Crushing the Market in 2026 — and Trump Could Keep the Rally Alive

For the last two years, investors were trained to chase anything tied to artificial intelligence. Semiconductor stocks. Cloud stocks. Power-grid plays. If it touched a data center, Wall Street wanted in. Then 2026 happened. Suddenly, the market’s leadership changed. The flashy growth names cooled off while one of the market’s oldest industries started printing gains ... Energy Stocks Are Crushing the Market in 2026 — and Trump Could Keep the Rally Alive

Is Cactus, Inc. (WHD) A Good Stock To Buy Now?
Insider Monkey101d agobullish
Is Cactus, Inc. (WHD) A Good Stock To Buy Now?

Is WHD a good stock to buy? We came across a bullish thesis on Cactus, Inc. on Valueinvestorsclub.com by pokey351. In this article, we will summarize the bulls’ thesis on WHD. Cactus, Inc.’s share was trading at $55.77 as of April 29th. WHD’s trailing and forward P/E were 23.20 and 48.08 respectively according to Yahoo Finance. Cactus […]

Odessa American, Texas103d agoneutral
Basin rig count down one as prices rise

The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 241 rigs active in the region. A year ago, 287 rigs were active in the region. Nationally, the oil and gas rig count is up three from last week at 547 rigs. A year ago, 584 rigs were active. The count shows that 408 rigs sought oil, up one from the previous week, and 130 explored for ...