Energy Recap: Awaiting The OPEC Meeting

| About: Exxon Mobil (XOM)
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Summary

Every Friday, Seeking Alpha provides a roundup of insightful opinion and analysis articles in the energy sector.

In this edition, we highlight articles on Imperial Oil, Exxon, and buying/holding oil stocks, as well as ask for your take on what's happening in the energy sector.

If you'd like to contribute to the energy conversation on Seeking Alpha, you can leave a comment below or submit your own article.

Welcome to the latest edition of the Energy Recap. This week, we wanted to start a discussion about the upcoming OPEC meeting scheduled to take place next Thursday, May 25. The main talking points for the Vienna meeting will be "whether to extend the current six-month production-cut deal beyond the mid-2017 expiration, and whether agreed-upon reductions should be increased."

What are your thoughts about the likely outcome in terms of the above-mentioned items? Do you agree with the current consensus that OPEC will probably extend the production-cut agreement? Or do you think that the cartel will end the agreement altogether? And what about the possibility of an increase in the output reductions?

Please let us know what you think will be the most likely outcome of next week's OPEC meeting by leaving your thoughts in the comments section below.

Energy Articles of Note

"Imperial Oil: Levered Exposure To Oil Prices At A Fair Price" By David Addison

"Exxon Mobil: Growing Dividends Mask A Shrinking Business" By Richard Zeits

"Is Now A Good Time To Buy/Hold Oil Sector Stocks?" By Robert Boslego

Energy Sector Bankruptcies for the Week Ended May 19, 2017

Here's a list of the most recent bankruptcy announcements in the energy sector:

- On Wednesday, May 17, GulfMark Offshore (NYSEMKT:GLF) filed for bankruptcy, after first saying it would do so on or before Sunday, May 21.

- On Thursday, May 18, Tidewater (NYSE:TDW) announced that it has filed for Chapter 11 bankruptcy.

Feel free to add anything that we might have missed in the comments section below.

U.S. Oil Rig Count

As per Baker Hughes, the number of active U.S. oil drilling rigs increased for the 18th straight week.

Weekly Natural Gas Storage Report and Summary

Natural Gas Rig Count

Oil Production

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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.