OIL Oil and gas production ETF paces for best quarter on record, but traders say it’s still a ‘show-me story’Oil & Gas 360, June 10, 2020 Oil and gas stocks are defying the odds. The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns … read more
The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses —on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some … read more
OIL Oil companies win some tax reliefViews and News from Norway, June 8, 2020 The leaders of Norway’s three largest opposition parties in Parliament finally struck a compromise with the government on Monday that offers some tax relief to oil companies on the Norwegian continental shelf, but not as much as they wanted. The goal is to preserve jobs, even … read more
