Welcome to the latest edition of the Energy Recap. It was a busy week for earnings in the energy sector, with a number of big and small names reporting Q2 2016 results. Now, on to the articles...
Energy Articles of Note
"Bakken Update: With Big Changes Afoot, A Stronger Industry Could Emerge Long Term" By Michael Filloon
Energy Sector Bankruptcies for the Week Ended July 29, 2016
Here's a list of the most recent bankruptcy announcements in the energy sector:
- Halcon Resources (NYSE:HK) filed on Wednesday, July 27
- Atlas Resource Partners (NYSE:ARP) filed on Thursday, July 28
Feel free to add any that we might have missed in the comments section below.
U.S. Oil Rig Count as of July 29, 2016
As per Baker Hughes, the number of active U.S. oil drilling rigs rose again for its fifth straight weekly gain.
Readers, now it's your turn to discuss what's been happening in this sector. Please share your thoughts in the comments below.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.