The energy sector has been good to dividend investors over the years as companies operating in the industry tend to generate lots of cash, which allows them to pay lucrative and growing dividends. While the sector offers income-seekers a variety of opportunities, three top options to consider are ExxonMobil (NYSE:XOM), MPLX (NYSE:MPLX), and Phillips 66 (NYSE:PSX). Not only do all three currently....More>>>
GuruFocus is pleased to offer a new version of the guru pages for Warren Buffett (Trades, Portfolio) and other top gurus like David Einhorn (Trades, Portfolio), David Tepper (Trades, Portfolio), Bill Ackman (Trades, Portfolio), Carl Icahn (Trades, Portfolio) and Prem Watsa (Trades, Portfolio).
In Part 1, we discussed three key features of Buffett’s new guru page, including the key guru....More>>>
New York, NY, based Investment company SG Americas Securities, LLC buys The Howard Hughes Corp, PowerShares QQQ Trust Series 1, T-Mobile US Inc, Analog Devices Inc, iShares Russell 2000, SPDR Select Sector Fund – Energy Select Sector, iShares China Large-Cap, VanEck Vectors Gold Miners, iShares Core U.S. Aggregate Bond, iShares MSCI Japan Index Fund, sells SPDR S&P 500, Visa Inc, Walt....More>>>
July 13, 2018: Markets opened slightly higher Friday, dipped lower soon after the opening bell, and then traded mostly in the green for the rest of the day. The Nasdaq Composite traded right on the break-even line for much of the afternoon. Industrials, energy, and consumer staples were the day’s leading sectors while telecom and financials lagged. Three big banks—Citi, Wells Fargo, and....More>>>
Venezuela’s president has a message for President Trump: Don’t do it.
President Nicolas Maduro sharply warned Trump on Thursday not to ban Venezuelan oil from the United States. Secretary of State Rex Tillerson said last week that the United States was considering a ban to pressure Maduro to adopt democratic reforms.
The oil embargo would be “one of the biggest....More>>>
Turkey’s central bank raised interest rates to halt a slide in the lira that’s seen the currency post a series of record lows.
The central bank raised its late liquidity window rate by 300 basis points to 16.5 percent, after an extraordinary meeting of its monetary policy committee on Wednesday to “discuss recent developments.” It kept other rates unchanged, describing....More>>>
Earlier this month Exxon Mobil (XOM) announced six discoveries in the deepwater offshore of Guyana. I guess after five previous announcements, the excitement has warn off. But this is huge. Exxon is drilling into some big intervals of high-quality conventional oil reservoirs – the latest measuring 230 feet. This one – the “Ranger 1” well, was 60 miles from the massive....More>>>
U.S. stock futures traded lower in early pre-market trade. Data on housing starts for May will be released at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average fell 339 points to 24,677.00, while the Standard & Poor’s 500 index futures traded declined 30.25 points to 2,749.75. Futures for the Nasdaq 100 index dropped 74 points to 7,201.50.
&l;p&g;Last week, &l;a href=&s;http://www.forbes.com/profile/donald-trump/&s;&g;Donald Trump&l;/a&g; attacked the Organization of Petroleum Exporting Countries (OPEC) in yet another extension of what has become a semi-regular war of words over oil prices.
&l;img class=&q;dam-image ap size-large wp-image-19ce1b7d75a14dafb820768d02ced917&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/19ce1b7d75a14dafb820768d02ced917/960×0.jpg?fit=scale&q;....More>>>
Shares of PPG Industries (NYSE:PPG) dropped over 10% today. The drop came after the company warned investors that it will soon report third-quarter 2018 operating results reflecting higher material costs and softened demand from China in several product categories. Additionally, the company witnessed increased logistics expenses from both higher raw-material costs and rising....More>>>
One of the market’s biggest bulls sees stocks getting their groove back this year, but his forecast comes with an expiration date.
According to Blackstone’s Joseph Zidle, there’s evidence that rising inflation will tear into corporate profits and stretch consumers within the next 12 months.
“As we get into 2019, this earnings cycle is going to run its course.....More>>>
Total’s (NYSE:TOT) main business today may be oil and gas, but it’s making aggressive moves to become a leader in renewable energy as well. Late last week, CEO Patrick Pouyanne said Total was ready to build 10,000 megawatts (MW) of solar power plants in France, enough to power 1.64 million homes, over the next 10 years.
If it follows through on that plan, Total will become one....More>>>
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Oil advanced to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.
For a few years now, as I was covering the shale industry, I made it a point to highlight the need to pay very close attention to differing acreage quality within companies and between companies. It is a very important indicator of future profitability, which has been a very contentious issue in the past few years, as well as production growth prospects.
As part of my economics of a shale....More>>>
In the energy business, it is all about cash flow. Too many energy firms today have forgotten that simple fact. They finance their drilling with debt, then bow to Wall Streets insistence that they return profits to investors with dividends and share buybacks.
Thats an OK plan if you are Exxon (NYSE:XOM) or Chevron (NYSE:CVX) and you enjoy the kind of rating from Moodys, S&P, and Fitch....More>>>