The year ahead could bring a whole new meaning to “Garden State.”
That’s because the next state to legalize recreational marijuana could be New Jersey.
Not long ago, that would have been unthinkable.
Gov. Chris Christie has been a staunch opponent of legal pot for the last seven years. Pot wasn’t going to pass with Christie in the governor’s mansion — no way, no how.
But last week’s election changed all that.
The Polls Don’t Lie — People Want Weed
Democrat Phil Murphy will be sworn in as New Jersey’s governor in January, bringing with him an overwhelmingly pro-pot stance.
Murphy believes that marijuana should be legal for adults 21 years old or older. He’s promised to sign a legalization bill into law within the first 100 days of his term.
That means by April, recreational pot could be legal in New Jersey.
At the end of the day, what we’re really seeing from Murphy here is a play for tax revenue. A recent study showed that legal recreational marijuana could generate $300 million a year for the state’s coffers.
Best High Tech Stocks To Buy Right Now: Novo Nordisk A/S(NVO)
Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes Care and Biopharmaceuticals. The Diabetes Care segment covers insulins, GLP-1 analog, obesity, and oral antidiabetic drugs, as well as other protein related products comprising glucagon, protein related delivery systems, and needles. The Biopharmaceuticals segment offers products in the areas of haemophilia care, growth hormone therapy, and hormone replacement therapy. The company markets and distributes its products through its subsidiaries, distributors, and independent agents. Novo Nordisk A/S has a collaboration agreement with the Langer Laboratory for the development of next-generation drug delivery devices; and collaboration and licensing agreement with Ablynx nv to discover and develop novel multi-specific Nanobody drug candidates. The company was founded in 1925 and is headquartered in Bagsvaerd, Denmark.
- [By Motley Fool Staff]
Anyway, what was also happening that day is that this list of five stocks came out. The theme was Five More Stocks to Feed the Next Bear. The reason it was called that is because, this is almost an ongoing five-stock samplers series. We’d first picked stocks in advance of a bear market in 2016. My talented producer Rick Engdahl decided we’d call this this Five More Stocks to Feed the Next Bear. Emily Flippen, these five companies came out. They were, we’ll go with alphabetical order based on company name. They were Alphabet, Amazon, Apple (NASDAQ:AAPL), Novo Nordisk (NYSE:NVO), and Tencent.
- [By Logan Wallace]
Novo Nordisk A/S (NYSE:NVO) has been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $52.31.
- [By Motley Fool Transcribing]
Novo Nordisk (NYSE:NVO) Q4 2018 Earnings Conference CallFeb. 1, 2019 7:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Best High Tech Stocks To Buy Right Now: ConocoPhillips(COP)
ConocoPhillips operates as an integrated energy company worldwide. The company?s Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. Its Midstream segment gathers, processes, and markets natural gas; and fractionates and markets natural gas liquids in the United States and Trinidad. The company?s Refining and Marketing (R&M) segment purchases, refines, markets, and transports crude oil and petroleum products, such as gasolines, distillates, and aviation fuels. Its Chemicals segment manufactures and markets petrochemicals and plastics. This segment offers olefins and polyolefins, including ethylene, propylene, and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products comprising organosulfur chemicals, solvents, catalyst s, drilling chemicals, mining chemicals, and engineering plastics and compounds. The company?s Emerging Businesses segment develops new technologies and businesses. It focuses on power generation; and technologies related to conventional and nonconventional hydrocarbon recovery, refining, alternative energy, biofuels, and the environment. This segment also offers E-Gas, a gasification technology producing high-value synthetic gas. ConocoPhillips was founded in 1917 and is based in Houston, Texas.
- [By ]
It starts in 2007 when the Oracle of Omaha began purchasing shares of ConocoPhillips (NYSE: COP). By the end of 2007, Buffett had spent just over $1 billion.
- [By Matthew DiLallo]
U.S. oil giant ConocoPhillips (NYSE:COP) used $50 oil as a rough baseline for its 2019 capital plans as well. ConocoPhillips currently expects to invest $6.1 billion on capital projects this year — enough money to grow production per share by 8% — which it can fund on the cash flows produced at $40 oil. Add in a dividend that the company increased twice last year to a $3 billion repurchase program and ConocoPhillips is on track to return 50% of the cash it produces at $50 oil to investors this year, though some of that money will come from its cash-rich balance sheet. However, with oil in the mid-$50s, ConocoPhillips is on track to produce more cash than expected this year, which could lead it to buy back even more stock than planned as it works to whittle down a cash balance that stood at $6.4 billion at the end of 2018.
- [By Logan Wallace]
Courier Capital LLC cut its stake in ConocoPhillips (NYSE:COP) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,910 shares of the energy producer’s stock after selling 198 shares during the period. Courier Capital LLC’s holdings in ConocoPhillips were worth $306,000 as of its most recent SEC filing.
- [By Ethan Ryder]
Bbva Compass Bancshares Inc. raised its holdings in ConocoPhillips (NYSE:COP) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,638 shares of the energy producer’s stock after buying an additional 2,066 shares during the period. Bbva Compass Bancshares Inc.’s holdings in ConocoPhillips were worth $3,095,000 at the end of the most recent quarter.
Best High Tech Stocks To Buy Right Now: Cross Timbers Royalty Trust(CRT)
Cross Timbers Royalty Trust, incorporated on February 12, 1991, is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma. Its net profits interests consist of approximately 75% net profits interests, which are carved from working interests in over four properties in Texas and three properties in Oklahoma.
All underlying royalties, underlying non-producing royalties and underlying working interest properties are owned by XTO Energy Inc. (XTO Energy). The underlying properties include over 2,900 producing properties with established production histories in Texas, Oklahoma and New Mexico. The average reserve-to-production index for the underlying properties is approximately 10 years. Royalty and overriding royalty properties underlying over 90% net profits interests represent approximately 94% of the discounted future net cash flows from the Trust’s proved reserves. Approximately 69% of the discounted future net cash flows from over 90% net profits interests are from gas reserves, totaling approximately 19.9 billion cubic feet (Bcf). Oil reserves allocated to approximately 90% net profits interests are located in West Texas and are estimated to over 428,000 barrels (Bbls).
The underlying royalties are royalty and overriding royalty interests primarily located in mature producing oil and gas fields. The producing region, in which the underlying royalties are located, is the San Juan Basin in northwestern New Mexico. The Trust’s estimated proved gas reserves from this region totaled over 13.5 Bcf, or approximately 82% of Trust total gas reserves. XTO Energy estimates that underlying royalties in the San Juan Basin include over 4,850 gross (approxima! tely 47.3 net) wells, covering approximately 60,000 gross acres. Approximately half of these wells are operated by BP America Production Company or ConocoPhillips.
The underlying royalties also include royalties in the Sand Hills field of Crane County, Texas. The Sand Hills field includes production from over three main intervals, the Tubb, McKnight and Judkins. The underlying royalties contain approximately 208,720 gross (approximately 38,970 net) producing acres. Underlying over 75% net profits interests are working interests in over seven oil-producing properties in Texas and Oklahoma operated primarily by established oil companies. These properties are located in mature fields undergoing secondary or tertiary recovery operations. Proved reserves from the 75% net profits interests are oil, estimated to be approximately 55,000 Bbls. Proved reserves from these interests represent over 6% of the discounted future net cash flows of the Trust’s proved reserves. The underlying working interest properties consist of approximately 3,810 gross (over 2,990 net) producing acres.
- [By Ethan Ryder]
Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Tuesday, August 21st, NASDAQ reports. Stockholders of record on Friday, August 31st will be paid a dividend of 0.108 per share by the oil and gas company on Monday, September 17th. The ex-dividend date of this dividend is Thursday, August 30th.
- [By Ethan Ryder]
News stories about Cross Timbers Royalty Trust (NYSE:CRT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cross Timbers Royalty Trust earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.0297657024049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Best High Tech Stocks To Buy Right Now: Denison Mine Corp(DNN)
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment. The Mining segment includes activities related to exploration, evaluation and development, mining, milling and the sale of mineral concentrates. The Environmental Services segment includes the operations of the Company’s environmental services business, Denison Environmental Services (DES). The Corporate and Other segment includes its provision of general administrative and management services to Uranium Participation Corporation (UPC). The Company holds interests in exploration and evaluation projects located in Canada, Mali, Namibia and Zambia. DES provides post-closure mine and maintenance services to various industry and government clients. Advisors’ Opinion:
- [By Reuben Gregg Brewer]
Denison Mines (NYSEMKT:DNN) is working to build a new uranium mine in Canada. For investors interested in the nuclear fuel, it’s an interesting stock to look at because of the material upside potential if construction plans play out as projected and uranium prices rise. But does that make it a stock worth buying? Only if you clearly understand the risks before putting your hard-saved capital into the shares. Here are some key facts you need to know before you invest here.
- [By Scott Levine]
Shares of Denison Mines (NYSEMKT:DNN), a uranium exploration and development company, climbed 28% in September, according to data from S&P Global Market Intelligence. In addition to the news that Denison intends to acquire 100% of Cameco’s interest in the Wheeler River Joint Venture, shareholders celebrated the reporting of favorable results from the company’s pre-feasibility study (PFS) conducted at Wheeler River.
- [By Shane Hupp]
Denison Mines (TSE:DML) (NYSE:DNN) had its price objective hoisted by Cormark from C$1.60 to C$1.80 in a research report sent to investors on Wednesday morning.
- [By Logan Wallace]
Denison Mines (TSE:DML) (NYSE:DNN) had its price target upped by Raymond James from C$0.95 to C$1.25 in a research note issued to investors on Wednesday. Raymond James currently has a market perform rating on the stock.
Best High Tech Stocks To Buy Right Now: Northern Oil and Gas, Inc.(NOG)
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. As of December 31, 2015, it owned working interests in 2,630 gross producing wells consisting of 2,628 wells targeting the Bakken and Three Forks formations, as well as 2 wells targeting other formations; and had proved reserves of 65.3 million barrels of oil equivalent. The company is based in Wayzata, Minnesota.
- [By Motley Fool Transcribers]
Northern Oil & Gas Inc (NYSEMKT:NOG)Q4 2018 Earnings Conference CallMarch 12, 2019, 11:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Ethan Ryder]
Northern Oil & Gas (NYSEAMERICAN:NOG) is scheduled to post its quarterly earnings results before the market opens on Tuesday, March 12th. Analysts expect Northern Oil & Gas to post earnings of $0.14 per share for the quarter.
- [By WWW.GURUFOCUS.COM]
For the details of Crestview Partners III GP, L.P.’s stock buys and sells, go to https://www.gurufocus.com/guru/crestview+partners+iii+gp%2C+l.p./current-portfolio/portfolio
These are the top 5 holdings of Crestview Partners III GP, L.P.WideOpenWest Inc (WOW) – 28,768,176 shares, 50.22% of the total portfolio. Northern Oil & Gas Inc (NOG) – 48,611,632 shares, 26.90% of the total portfolio. New PositionGTT Communications Inc (GTT) – 3,948,449 shares, 22.87% of the total portfolio. New Purchase: Northern Oil &am