Over the weekend Brookfield Asset Management (NYSE: BAM ) announced that it and its affiliate Brookfield Infrastructure Partners (NYSE: BIP ) are selling the Longview Timber business to Weyerhaeuser (NYSE: WY ) for $2.65 billion. The deal consisted of 645,000 acres of high-quality timberlands in the Pacific Northwest. While these timber assets are located in the U.S., as you will see this deal is all about China.
Before we get to that, let’s take a look at what Brookfield is selling. Longview Timber was originally picked up by the company in 2007 along with associated paper and packaging manufacturing assets. At the time, Longview was struggling as the economy began to turn and Brookfield was able to restructure the business by separating the timberland assets from the manufacturing business and then turnaround the operations of the manufacturing assets. Incidentally, Brookfield sold those paper and packaging assets in a separate deal over the weekend for $1.025 billion.
5 Best Heal Care Stocks For 2014: Hercules Offshore Inc.(HERO)
Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally. Its services comprise oil and gas exploration and development drilling, well services, platform inspection, and maintenance and decommissioning services in various water provinces. As of May 10, 2011, the company owned and operated a fleet of 50 jackup rigs, 17 barge rigs, 65 liftboats, 3 submersible rigs, and 1 platform rig. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators. The company was founded in 2004 and is headquartered in Houston, Texas.
- [By Lisa Levin]
Hercules Offshore (NASDAQ: HERO) shares reached a new 52-week low of $4.95. Global Hunter downgraded the stock from Buy to Neutral and cut the price target from $12.00 to $6.00.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Hercules Offshore (NASDAQ: HERO) were down 10.96 percent to $5.12. Global Hunter downgraded the stock from Buy to Neutral and cut the price target from $12.00 to $6.00.
- [By Lisa Levin]
Hercules Offshore (NASDAQ: HERO) dropped 14.43% to $4.92. Global Hunter downgraded the stock from Buy to Neutral and cut the price target from $12.00 to $6.00.
5 Best Heal Care Stocks For 2014: Pimco Corporate & Income Opportunity Fund (PTY)
PIMCO Corporate Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek maximum total return through a combination of current income and capital appreciation in a diversified portfolio of United States dollar-denominated corporate debt obligations of varying maturities and other income producing securities. The Fund will normally focus on corporate debt obligations rated in the lowest investment-grade category (Baa or BBB) and in the highest non-investment-grade category (Ba or BB). Its portfolio includes corporate bonds and notes, the United States Government agency securities, sovereign debt obligations, municipal bonds, mortgage-backed securities, asset-backed securities and short-term investments.
The Fund invests in residual interest municipal bonds and residual interest tax exempt bonds (inverse floaters), whose interest rates bear an inverse relationship to the interest rate on another security or the value of an index. PIMCO Corporate Opportunity Fund may purchase and write (sell) put and call options. The Fund may sell options on the United States Treasury futures and other fixed-income instruments. PIMCO Corporate Opportunity Fund invests in various industries, including airlines, banking, energy, financial services, food and beverage, hotels/gaming, oil and gas, paper/paper products, telecommunications and utilities. The Fund’s investment manager is Allianz Global Investors Fund Management LLC, which is an indirect wholly owned subsidiary of Allianz Global Investors of America L.P. PIMCO Corporate Opportunity Fund’s sub-advisor is Pacific Investment Management Company LLC.
- [By Dan Caplinger]
Lesson 1: Income is king.
A look at the four funds trading at the highest premiums to net asset value reveals a common thread: They’re all focused on maximizing income. What’s interesting, though, is that they use different methods to reach the same ends. Among the three PIMCO funds, PIMCO High Income (NYSE: PHK ) looks largely to the high-yield bond market for its holdings, while PIMCO Corporate & Income Opportunities (NYSE: PTY ) has a somewhat lower distribution rate but has a sizable allocation to investment-grade debt. The fund with the highest premium, PIMCO Global StocksPLUS, uses futures contracts to add stock exposure to its portfolio of income-producing bonds. Finally, BlackRock Virginia Municipal Bond rounds out the top four with its tax-free bond portfolio.
5 Best Heal Care Stocks For 2014: iSoftStone Holdings Limited(ISS)
iSoftStone Holdings Limited provides various information technology (IT) services and solutions in the Greater China and internationally. It offers an integrated suite of IT services and solutions, including consulting and solution services, IT services, and business process outsourcing (BPO) services. The company provides a range of consulting services for an overall engagement or discrete consulting services in conjunction with other services. It also develops industry-specific solutions, including treasury management, cash management, property and casualty insurance core, financial holding company business analysis, trust company core, and banking risk management solutions for banking, financial services, and insurance industries; supply chain management, enterprise information portals, business intelligence, business process integration, and management and e-commerce solutions for energy, transportation, and public sectors; mobile and embedded technology, next generati on platforms, business intelligence functionality, and network security products for the communications industry. In addition, the company offers various IT services consisting of application development and maintenance, research and development, and infrastructure and software services. Further, it provides a range of BPO services, such as securities trade processing services for the investment banking industry; digitization and archiving of policyholder information, as well as account processing and customer service for insurance industry; and cross-industry BPO services comprising finance and accounting, customer care, and human resources. The company was founded in 2001 and is headquartered in Beijing, the People?s Republic of China.
- [By Seth Jayson]
iSoftStone Holdings (NYSE: ISS ) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), iSoftStone Holdings beat expectations on revenues and beat expectations on earnings per share.
5 Best Heal Care Stocks For 2014: Osage Exploration and Development Inc (OEDV)
Osage Exploration and Development, Inc. (Osage) is an oil and natural gas exploration and production company with reserves and production in the country of Colombia and the state of Oklahoma. The Company’s pipeline is located in Colombia. The Companys focuses on developing its 28,000-acre Horizontal Mississippian block along the Nemaha Ridge in Logan County, Oklahoma, with their partners Slawson Exploration, and U.S. Energy Development Corp. The Company generates oil sales from its production operations in Colombia and in the state of Oklahoma and pipeline revenues from its Cimarrona property in Colombia. During the year ended December 31, 2011, the Company drilled two salt water disposal wells and commenced drilling the Wolfe#1-29H, the Company’s horizontal Mississippian well in Logan County, Oklahoma. In January 2012, the Company began drilling the Krittenbrink 2-36H, the Company’s second well in Logan County.
The Company’s subsidiary, Cimarrona LLC, owns a 9.4% interest in certain oil and gas assets in the Guaduas field, located in the Dindal and Rio Seco Blocks that consist of 21 wells, of which seven are producing, that covers 30,665-acres in the Middle Magdalena Valley in Colombia, as well as a pipeline with a capacity of approximately 30,000 barrels of oil per day. The Cimarrona property, but not the pipeline, is subject to an Ecopetrol Association Contract (the Association Contract) whereby the Company pays Ecopetrol S.A. (Ecopetrol) royalties of 20% of the oil produced.
The Company has acquired oil and gas leases in Logan County, Oklahoma targeting the Mississippian formation. The Mississippian formation is located on the Anadarko Shelf in northern Oklahoma and south-central Kansas. The top of this expansive carbonate hydrocarbon system is encountered between 4,000 and 6,000 feet and lies stratigraphically between the Pennsylvanian-aged Morrow Sand and the Devonian-aged Woodford Shale formations. The Mississippian formation reach 600 feet in gross thickness a! nd the targeted porosity zone is between 50 and 300 feet in thickness. The Company owns 100% of the working interest in certain producing oil and natural gas leases located in Osage County, Oklahoma (Hopper Property). The Property consists of 23 wells, 10 of which are producing wells, on 480 acres.
- [By CRWE]
Today, OEDV surged (+6.78%) up +0.08 at $1.26 with 39,220 shares in play thus far (ref. google finance Delayed: 11:56AM EDT August 22, 2013).
Osage Exploration and Development, Inc. previously reported financial results for the three months ended June 30, 2013 and provided an update on field operations. For the quarter, the Company reported a 75.8% increase in revenues of $2.4 million compared to the same period in 2012, and operating income of $1.2 million versus a loss of $274,563 for the period ending June 30, 2012.
Osage participated in drilling ten wells during the second quarter, bringing the total number of wells in which Osage has an interest to twenty-nine as of June 30, 2013. Additionally, the Company reported average daily production roughly in-line with first quarter production.
- [By CRWE]
Today, OEDV surged (+1.96%) up +0.03 at $1.56 with 178,129 shares in play thus far (ref. google finance Delayed: 12:28PM EDT August 30, 2013).
Osage Exploration and Development, Inc. previously reported preliminary production results on the Mallard 1-16H Horizontal Mississippian well in Logan County, Oklahoma. The well, located in Section 16-17N-3W, achieved a 24-hour peak initial production rate of 705 barrels of oil plus associated natural gas on an electric submersible pump and a 48/64” choke.
5 Best Heal Care Stocks For 2014: Forest Oil Corporation (FST)
Forest Oil Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company primarily has interests in the properties in the Texas Panhandle; the east Texas/north Louisiana; and the Eagle Ford Shale in south Texas. As of December 31, 2011, its total estimated proved oil and gas reserves were approximately 1,904 billion cubic feet equivalent. The company was founded in 1916 and is headquartered in Denver, Colorado with an additional office in Houston, Texas.
- [By Mark Hulbert]
The stocks are C.H. Robinson Worldwide (CHRW) , a freight-transportation company; chip maker Cirrus Logic (CRUS) ; independent oil company Forest Oil (FST) ; investment bank Greenhill & Co. (GHL) ; Intrepid Potash (IPI) , a fertilizer company; retailer J.C. Penney (JCP) ; Quest Diagnostics (DGX) , a medical diagnostic company; Strayer Education (STRA) , a for-profit college; Tower Group International (TWGP) , an insurance company; and Windstream Holdings (WIN) , a rural telecommunications firm.
- [By Aaron Levitt]
But now that XCO is one of the cheapest energy stocks at just $5 a share, Ross and Watsa might just succeed and take it private. In fact, they already own about 15% of the company. For investors, this might be one of the quickest plays on cheap energy stocks there is.
Energy Stocks Under $10 to Buy Now: Forest Oil Corporation (FST)
Like most of the low-priced cheap stocks on this list, Forest Oil (FST) is in the middle of a major turnaround. That’s because, like many energy stocks, FST continues to undergo a major shift in focus for its production.
- [By Ben Levisohn]
It’s Christmas, a time when we wish for peace on earth and goodwill towards everyone. So, with investors in a forgiving mood, it might seem tempting to buy energy exploration & production companies that have underperformed in 2013–you know, Forest Oil (FST), Newfield Exploration (NFX) and the like.