U.S. independent oil and gas company SM Energy Company (SM) intends to sell all of its assets in the Anadarko basin, including its interests in the Granite Wash play. These assets are believed to hold large oil and natural gas reserves.
The company has hired an advisor to look over the marketing process, which is expected to take about six months.
The Denver-based company’s assets in Anadarko Basin – centered in western Oklahoma and the upper Texas panhandle – also extend into Kansas and Colorado and span a total area of 56,000 acres. Currently, these assets yield about 9,000 barrels of oil equivalent per day comprising 75% natural gas. The production accounted for around 8% of the company’s total output in the first quarter.
The funds raised from the sale would be utilized to finance strategic projects in its portfolio. The proposed sale is part of SM’s regular review of its portfolio to identify opportunities to upgrade and concentrate its inventory through divestitures.
Hot Penny Companies To Own In Right Now: Atwood Oceanics Inc. (ATW)
Atwood Oceanics, Inc., together with its subsidiaries, engages in offshore drilling, and the completion of exploratory and developmental oil and gas wells. The company owns semisubmersible rigs, semisubmersible tender assist rigs, jack-up drilling rigs, and submersible drilling rigs. As of November 22, 2010, it operated nine mobile offshore drilling units located in offshore southeast Asia, offshore Africa, offshore Australia, offshore South America, and the Mediterranean Sea. The company was founded in 1968 and is headquartered in Houston, Texas.
- [By Ben Levisohn]
See, the offshore drillers have been reporting earnings results, and really, they haven’t been that bad. Diamond Offshore beat by 15 cents yesterday, Atwood Oceanics (ATW) beat by 12 cents this week, and in January Noble (NE) reported results in line with analyst forecasts.
- [By Ben Levisohn]
Diamond Offshore had dropped 18% this year through yesterday’s close, while Transocean (RIG) had fallen 15%, Noble (NE) had declined 17%, Seadrill (SDRL) had dropped 12% and Atwood Oceanics (ATW), which reported earnings yesterday, had fallen 13%. But all the bearishness has been forgotten, what with the S&P 500 up more than 1% and Diamond Offshore trouncing analyst forecasts.
- [By Ben Levisohn]
There’s been a lot of bearish talk about offshore drillers recently–and Atwood Oceanics (ATW) earnings results aren’t likely to dispel those concerns, despite an earnings beat.
Hot Penny Companies To Own In Right Now: Tenet Healthcare Corporation(THC)
Tenet Healthcare Corporation, an investor-owned health care services company, operates acute care hospitals and related health care facilities. The company?s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy; and orthopedic, oncology, and outpatient services; tertiary care services, such as open-heart surgery, neonatal intensive care, and neuroscience; quaternary care in areas, including heart, liver, kidney, and bone marrow transplants for children; gamma-knife brain surgery; and cyberknife surgery for tumors and lesions in the brain, lung, neck, and spine. As of June 30, 2011, it operated 49 acute care hospitals, and a critical access hospital with a combined total of 13,420 licensed beds primarily serving urban and suburban communities in 11 states of the United State s. The company also owns an interest in a health maintenance organization and operate various related health care facilities, including a long-term acute care hospital and various medical office buildings; revenue cycle management and patient communications services businesses; physician practices; captive insurance companies; and other ancillary health care businesses, such as including ambulatory surgery centers, diagnostic imaging centers, and occupational and rural health care clinics. In addition, Tenet Healthcare Corporation owns an interest in a management services subsidiary that provides network development, utilization management, claims processing, and contract negotiation services to physician organizations and hospitals that assume managed care risk. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.
- [By Michael Douglass and David Williamson]
Metal plans help consumers understand the so-called actuarial value of their plan, or what percentage of essential health benefits their plan covers. The lowest actuarial value plans are bronze, followed by silver, gold, and platinum. The death spiral refers to the fear that the final insurance pool for 2014 may be less healthy than insurers had anticipated, causing them to lose money and thereby raise premiums next year. Michael and David consider the two main issues with the death spiral argument. The individual mandate, or the law’s requirement that all individuals get insurance or face tax penalties, has consistently been the least popular aspect of Obamacare, but hospitals, including large for-profit operators Tenet Healthcare (NYSE: THC ) and HCA Holdings (NYSE: HCA ) , are poised to benefit. See the video to find out why.
- [By Ben Levisohn]
Tenet Healthcare (THC) has dropped 2.3% to $47.23 after the hospital operator missed earnings forecasts and offered lower-than-expected guidance.
Haverty Furniture (HVT) has gained 3.9% to $28.20 after the furniture retailer beat analyst forecasts.
Hot Penny Companies To Own In Right Now: Pervasive Software Inc.(PVSW)
Pervasive Software, Inc. provides embeddable software and SaaS services for data management, data integration, B2B exchange, and analytics. Its embeddable Pervasive PSQL database engine provides database reliability in a near-zero database administration environment for packaged business applications. Pervasive Software?s multi-purpose data integration platform, available on-premises and in the cloud, accelerates the sharing of information between multiple data stores, applications, and hosted business systems, and allows customers to re-use the same software for diverse integration scenarios. Pervasive DataRush is an embeddable parallel-processing platform enabling data-intensive applications, such as claims processing, risk analysis, fraud detection, data mining, predictive analytics, sales optimization, and marketing analytics. The company serves customers in approximately 150 countries. Pervasive Software, through Pervasive Innovation Labs, also invests in the explorat ion and creation of solutions for the data analysis and data delivery challenges. Pervasive Software, Inc. has a strategic alliance with A.D.A.M. Inc. The company was founded in 1994 and is headquartered in Austin, Texas with additional offices in Greenville, South Carolina; Brussels, Belgium; Frankfurt, Germany; Paris, France; and London, the United Kingdom.
- [By CRWE]
Pervasive Software(R) Inc. (NASDAQ:PVSW), a global leader in cloud-based and on-premises data innovation, reported that it is in receipt of an unsolicited non-binding letter from Actian Corporation proposing to acquire all of the outstanding shares of Pervasive common stock for $8.50 per share in cash.
Hot Penny Companies To Own In Right Now: Hickory Tech Corporation (HTCO)
Hickory Tech Corporation provides integrated communications services to business and residential customers in the Midwest. The company operates in two segments, Business Sector and Telecom Sector. The Business Sector segment offers integrated data services, such as fiber, data and Internet, voice and voice over Internet protocol, managed and hosted, data center, equipment, and total care support services. This segment also distributes telecommunications and data processing equipment, as well as provides network and equipment monitoring, maintenance, and equipment consulting services; and offers fiber-based transport for regional and national telecommunications carriers, wireless carriers, and other providers. It serves businesses primarily in the upper Midwest. The Telecom Sector segment offers network access services; and broadband services, such as residential and business DSL access, high-speed Internet, digital TV, and business Ethernet services. It also provides local telephone, long distance, and calling features services; and directory assistance, operator service, and long distance private lines. In addition, this segment offers directory publishing, customer premise equipment sales, bill processing, and add/move/change services. It owns and operates approximately 900 mile fiber optic network and facilities in Minnesota. Hickory Tech Corporation was founded in 1898 and is headquartered in Mankato, Minnesota.
- [By Marc Bastow]
Hickory Tech (HTCO), a communications provider in several Midwest states, announced a 3% dividend increase to 15 cents per share, payable Dec. 5 to shareholders of record as of Nov. 15.
HTCO Dividend Yield: 5.5%
Hot Penny Companies To Own In Right Now: Orchids Paper Products Company(TIS)
Orchids Paper Products Company manufactures private label tissue products for the consumer market in the United States. Its product line includes paper towels, bathroom tissue, and paper napkins. The company also offers its products under the Orchids, Velvet, Colortex, Ultra Valu, Dri-Mop, Big Mopper, Soft & Fluffy, Tackle, My-Size, and Care brand names. It serves value retailers (dollar stores), discount retailers, grocery stores, grocery wholesalers and cooperatives, and convenience stores. The company markets its products directly, as well as through independent brokers. Orchids Paper Products Company was founded in 1976 and is headquartered in Pryor, Oklahoma.
- [By David Goodboy]
My next step was to locate stocks in this industry. One company stood out above the rest as a top performer with plenty of upside. That company is Orchids Paper Products Co. (NYSE: TIS).