Renewable Revolution

Fossil Fuel happy talk versus the Real World

FIRST, the happy talk (that excludes any mention whatsoever of the negative impact of Renewable Energy on oil corporation profits while it includes a plethora of half truths.  ) that fossil fueler fools  eat up and believe:

Oil Stocks That Are Worth Your Attention: Key Energy Services, Inc. (NYSE:KEG), McDermott International (NYSE:MDR), Linn Energy LLC (NASDAQ:LINE)

By Rickie Moberg - August 13, 2015

The International Energy Agency says demand for oil has rebounded to the highest levels in five years, as consumers respond to lower prices and the global economy strengthens.

However, the bad news for the big oil producers like OPEC, is that global supply remains strong and the lower prices are unlikely to significantly dent production until next year.

The IEA’s August Oil Market Report found, “the supply overhang – the difference between global supply and demand – has persisted and reached a staggering 3 million barrels per day in the second half of 2105, the widest gap in 17 years, as ever-higher flows of oil hit world markets.”
 
 However, the IEA revised up its growth forecast for oil demand by 14 per cent – or 200,000 barrels a day – to 1.6 million barrels a day this year.
 
Oil supply fell by 600,000 barrels a day in July, mainly due to production declines in non-OPEC nations.

OPEC production remained steady at three-year highs.

The IEA report argued, as lower prices and spending cuts take a toll, non-OPEC supply growth is expected to slow sharply from a 2014 record of 2.4 million barrels a day to 1.1 million barrels a day this year.

“Our latest forecast shows stronger-than-anticipated demand and non-OPEC supply growth swinging into contraction next year,” the IEA said.

“On the other side of the equation, global supply continues to grow at a breakneck pace – currently running 2.7 million barrels a day above a year earlier – despite a collapse in oil prices.

“While a rebalancing has clearly begun, the process is likely to be prolonged as a supply overhang is expected to persist through 2016 – suggesting global inventories will pile up further.”

However, the IEA outlook does not include potentially higher Iranian output in the case of sanctions being lifted.

The independent energy and resources newsletter Platts reported that OPEC production jumped by 120,000 barrels a day last month to 31.4 million barrels a day.

OPEC’s dominant player Saudi Arabia accounted for more than 80 per cent of the increase.

Key Energy Services, Inc. (NYSE:KEG) share price decreased in the last trading session with a previous 52-week high of $6.68. The stock was trading on above-average volume. The stock traded at a volume of 3.057 million shares at a price loss of -7.87%. The share price is now down -69.17% for the past three months. Latest closing price was -46.80% below its 50-day moving average and -57.15% below its 200-day moving average.

While trading at volume higher than average, McDermott International (NYSE:MDR) climbed +8.12% at the end of recent close. Its previous 52-week high was $7.62 and moved down -37.03% over the same period, trading at a volume of 4.961 million. Shares have risen +79.23% over the trailing 6 months. The stock is currently trading -8.31% below its SMA 50 and +16.34% above its SMA 200.

Linn Energy LLC (NASDAQ:LINE) closed at $3.41, up +0.20 points or +6.23% from previous close and at a distance of -30.44% from 20-day simple moving average. Over the last 12 months, a return on equity of -20.20 percent was realized due to the financial situation and earnings per share reached a value of -$2.64. Last fiscal year, $1.25 has been paid in form of dividends to investors. Earnings are projected to move up 69.76 percent for the coming five years.
 

NOW for the REAL WORLD:   

Key Energy Services, Inc. (NYSE:KEG)

KEG 0.715 -0.044 (-5.76%) 

Range  0.66 - 0.79 
52 week  0.66 - 6.38 
Open  0.76 
Vol / Avg.  3.92M/3.22M 
Mkt cap  119.56M 
P/E      - 
Div/yield      - 
EPS -1.55 


McDermott International NYSE: MDR - Aug 19 4:03 PM EDT

4.14 Price decrease 0.15 (3.50%)


Stock Trend Analysis Report

Prepared for you on Wednesday, August 19, 2015.

LINN ENERGY LLC (NASDAQ:LINE)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

NASDAQ_LINE  Change 2.83 2.88 2.52 2.57 -0.31 gnal 
 
 
MarketClub’s Trade Triangles for LINE

long term down The long term trend has been DOWN since Oct 1st, 2014 at 29.5701

intermediate term down The intermediate term trend has been DOWN since May 11th, 2015 at 12.9031

short term down The short term trend has been DOWN since Jul 30th, 2015 at 5.4400
 
Smart Scan Analysis for LINE

Based on a pre-defined weighted trend formula for chart analysis, LINE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

http://club.ino.com/trend/analysis/stock/?a_aid=m3lipet&a_bid=6ae5b6f7&s=NASDAQ_LINE