Related LNT 7 Ways To Play An Improving Utilities Industry Earnings Scheduled For February 22, 2016 Alliant Energy declares $0.29375 dividend (Seeking Alpha)
Alliant Energy Corporation (NYSE: LNT) revealed that its board has declared its quarterly cash dividend of $0.29375 per share. For the full year, this translated into $1.18 a share. The dividend provided a yield of 3.0 percent, which was lower than the average 3.40 percent for the five-year period.
Alliant fixed July 29 as the record date for determining eligible shareholders to get the dividend. The company indicated that the dividend would be paid on August 15. The dividend payout ratio was approximately 68.0 percent, which was higher than the five-year average of 63.0 percent.
Hot Energy Companies To Invest In Right Now: Chesapeake Energy Corporation(CHK)
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. It operates in two segments, Exploration and Production, and Marketing, Gathering and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in approximately 43,700 oil and natur al gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
- [By Javier Hasse]
The top losers in the index were:
Chesapeake Energy Corporation (NYSE: CHK), down 10.39 percent Mosaic Co (NYSE: MOS), down 7.47 percent
Related Link: Micron Set For Big Analyst Day…Stock Could Eventually Double, Says Credit Suisse
- [By Paul Ausick]
Chesapeake Energy Corp. (NYSE: CHK) is up 0.3%, at $26.97 in a 52-week range of $16.23 to $27.29.
EOG Resources Inc. (NYSE: EOG) is up 0.7%, at $168.29 in a 52-week range of $107.76 to $168.77. The high was set earlier Thursday morning.
- [By Jim Jubak, Senior Markets Editor, MoneyShow.com]
On the news I’m moving my target price for Cheniere Energy to $38 from the current $34. (Cheniere is a member of my Jubak’s Picks portfolio.) Other members of that portfolio that benefit from this news, and the acceleration of construction and potential liquefied natural gas exports, include Chicago Bridge & Iron (CBI) and Chesapeake Energy (CHK).
Hot Energy Companies To Invest In Right Now: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
- [By Monica Gerson]
Wall Street expects ReneSola Ltd. (ADR) (NYSE: SOL) to report a quarterly loss at $0.04 per share on revenue of $256.05 million. ReneSola shares gained 2.50 percent to close at $1.23 on Friday.
Hot European Companies To Watch For 2016: Profire Energy, Inc.(PFIE)
Profire Energy, Inc. designs, assembles, installs, sells, and services oilfield combustion management technologies for the oil and gas industry. Its products and services aid oil and gas producers in the production and transportation of oil and natural gas. The company offers burner-management systems that monitor and manage burners, as well as related products, such as flare stack igniter and nozzles, valves and fuel train components, secondary air plates, valve actuators, and solar packages. It also provides chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected. Profire Energy, Inc. sells and installs its systems in Western Canada, the United States, France, Italy, Russia, Ukraine, India, Nigeria, the Middle East, Australia, and Brazil. The company is headquartered in Lindon, Utah. Profire Energy, Inc. is a subsidiary of The Flooring Zone, Inc.
- [By Monica Gerson]
Profire Energy, Inc. (NASDAQ: PFIE) is estimated to post its quarterly earnings at $0.00 per share on revenue of $6.74 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Hot Energy Companies To Invest In Right Now: Statoil ASA(STO)
Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other segments. It owns exploration licenses in Norway, North America, South America and sub-Saharan Africa, North Africa, Europe and Asia, and the Oceania. The company also transports, processes, manufactures, markets, and trades oil and gas commodities, such as crude, condensate, gas liquids, products, natural gas, and liquefied natural gas (LNG); markets and trades electricity and emission rights; and operates refineries, gas processing plants, LNG plant, methanol plant, and crude oil terminals. In addition, the company develops offshore wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions. As of December 31, 2015, it had proved reserves of 5,060 million barrels of oil equivalent. The company was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. Statoil ASA was founded in 1972 and is headquartered in Stavanger, Norway.
- [By Todd Shriber, ETF Professor]
NORW reflects Norway's oil exposure. The ETF allocates nearly 28.8 percent of its weight to the energy, 870 basis points more than it devotes to its second-largest sector exposure, financial services. State-run Statoil ASA(ADR) (NYSE: STO) is NORW's largest individual holding at a weight of 15.3 percent, or 560 basis points more than NORW allocates to its second-largest holding.
- [By Cameron Swinehart]
Going forward I will be looking to add investments on my watchlist and trim other positions. It will be interesting to see how an overweight commodity portfolio will perform relative to the rest of the market.
Cost Basis# SharesCurrent Price% of PortfolioCurrent ValueReturnMetal/Miners Sprott Physical Gold Trust (PHYS)$12.4985$11.043.75%$938.40-13.13%Sprott Physical Silver Trust (PSLV)$7.95125$8.744.37%$1,092.509.04%FreePort-McMoran (FCX)$31.6731$33.874.20%$1,049.976.50%Ishares MSCI Global Gold Miners ETF (RING)$13.0695$10.644.04%$1,010.80-22.74%Energy Statoil ASA(STO)$21.7940$22.683.63%$907.203.92%Vanguard Natural Resources LLC (VNR)$27.5636$27.874.01%$1,003.321.11%ConocoPhillips (COP)$63.6822.43$71.006.37%$1,592.5310.31%Agriculture CVR Partner LP (UAN)$26.3630.9$18.932.34%$584.94-39.25%Adecoagro$6.78125$7.443.72%$930.008.87%Archer-Daniels Midland (ADM)$34.80 30$37.244.47%$1,117.206.55%Mixed Commodity Powershares DB Commodity Index (DBC)$26.3540$25.954.15%$1,038.00-1.54%Sprott Resource Corp$3.34400$2.714.34%$1,084.00-23.25% Total % of portfolio49.40% Cost Basis12,666.00 Current Value12,348.86 Return-2.50% Source: Investing For The Future Surge In Commodity Prices
Disclosure: I am long ADM, FCX, UAN, AGRO, RING, VNR, SCPZF.PK, COP, DBC, PHYS, PSLV. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)
- [By Ben Levisohn]
Should oil prices recover, we believe that deepwater drilling activity growth should lag growth in US shale activity, as project economics is generally better in US shales, and E&Ps involved in US shales are generally quicker to react. Deepwater activity is largely comprises a handful of companies (Petrobras (PBR), Statoil (STO), Total (TOT), Shell (RDS.A), BP (BP), ONGC, ExxonMobil (XOM) and Chevron (CVX)) and it is unlikely that these companies can meaningfully increase their rig demand in a short period of time to absorb the current oversupply. Thus, should oil prices rise in 2018, rig demand may increase, but likely not enough to tighten the market, given that supply equaling 43% of current working rig count is stacked and new supply equaling 25% of working rig count is under-construction and should be entering the market in the coming years. As a result, while we expect some improvement in rig utilization owing to rig retirements, it will unlikely be strong enough to meaningfully improve rates in 2018 above spot levels. Any demand increase in the interim could slow rig retirements materially, and be self-defeating. We thus are Sell rated on Transocean, Atwood and Noble.
Hot Energy Companies To Invest In Right Now: EQT Corporation(EQT)
EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.
EQT Production Business Segment
The Company’s EQT Production segment conducts lateral horizontal and completion drilling in the Appalachian Basin. EQT Production’s properties are located in Pennsylvania, West Virginia, Kentucky and Virginia. EQT Production encompasses all of the Company’s acreage of proved developed and undeveloped natural ga s and oil producing properties. The Company’s proved reserves total over 10 Tcfe, consisting of proved developed producing reserves of approximately 5.8 Tcfe, proved developed non-producing reserves of approximately 0.5 Tcfe and proved undeveloped reserves of approximately 3.7 Tcfe. The Company commenced drilling operations on approximately 160 gross horizontal wells with an aggregate of approximately 868,000 feet of pay in the Marcellus, including Upper Devonian, play. The Company’s wells located in Pennsylvania are primarily in Marcellus formations with depths ranging from 5,000 feet to 8,000 feet. Its wells located in West Virginia are primarily in Marcellus and Huron formations with depths ranging from 2,500 feet to 6,500 feet. Its wells located in Kentucky are primarily in Huron formations with depths ranging from 2,500 feet to 6,000 feet. Its wells located in other areas are in Coalbed Methane (CBM), Utica and Permian formations with depths ranging from 2,000 feet to 1 3,500 feet. EQT Production owns and leases office space in P! ennsylvania, West Virginia, Kentucky and Texas.
EQT Midstream Business Segment
EQT Midstream owns or operates approximately 8,250 miles of gathering lines and approximately 180 compressor units with approximately 255,000 horsepower of installed capacity, as well as other general property and equipment. The Company’s EQT Midstream assets are located in the Marcellus and Utica Shales in southwestern Pennsylvania and northern West Virginia. EQT Midstream’s transmission and storage system includes approximately 900 miles of Federal Energy Regulatory Commission (FERC) regulated interstate pipeline that connects to over seven interstate pipelines and multiple distribution companies. EQT Midstream’s transmission and storage system is supported by approximately 20 natural gas storage reservoirs with approximately 660 million cubic feet (MMcf) per day of peak delivery capability and approximately 50 billion cubic feet (Bcf) of working gas capacity. EQT Midst ream owns and leases office space in Pennsylvania, West Virginia, Virginia and Kentucky. EQT Midstream’s gathering system volumes are transported to over four interstate pipelines: Columbia Gas Transmission, East Tennessee Natural Gas Company, Dominion Transmission and Tennessee Gas Pipeline Company.
- [By Joel South and Taylor Muckerman]
In today’s segment, Joel South talks about an intriguing development from EQT Corp. (NYSE: EQT ) and Green Field Services, where the companies drilled a multistage fracked natural gas well in the Marcellus shale using 100% field natural gas. Using natural gas from close wells instead ofdieselto power rigs could be another game changer as oil and gas companies continue to increase drilling efficiencies and thereby significantly lower costs.
- [By Gary Jakacky]
On the other hand, our economy shows more strength by the day. Oil prices remain stuck in a five year range. Natural gas prices are testing new lows: successful fracking techniques recently announced by EQT Corporation (EQT) in Seeking Alpha (10/17/2013 @ 2:29 PM on Market Currents) could cut over $1.5 billion from the costs of drilling for gas, as well as assuage "environmentalist" concerns about fracking. Fuel is a major cost for transportation companies. So maybe IYT can catch a third breath?