Egypt is normally one of the more stable Arab countries in the Middle East. That idea seemed to come apart a few years ago. But now it appears the period of instability has ended. That is good news for Transglobe Energy (TGA). Transglobe has been doing business in Egypt for 20 years. Recently the company also purchased some leases in Canada to diversify. Business is booming with the rising oil and....More>>>
Marathon Oil Corporation (NYSE:MRO) has gone through some very tough times. Like many other small E&P companies that have struggled during the oil price crash, MRO has had to sell off non-core assets, cut expenses, and focus on higher margin operations. But MRO stock could turn it around.
Indeed, times have been really challenging for MRO, in which revenues were cut by almost two-thirds....More>>>
This weekend's Barron's takes a look at six undervalued energy stocks and five ways to play the new gold rally.
Other featured articles offer the prospects for a medical device maker with a breakthrough product and an underappreciated investment manager.
Also, a top fund manager shares some of his current dividend picks and other thoughts.
"6 Undervalued Energy Stock....More>>>
Oil marketing companies (OMCs) reported a mixed set of Q4 numbers last fiscal. While Bharat Petroleum Corporation (BPCL) managed a healthy showing, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) saw some sequential impact due to subdued performance in the refining segment. Performance of the marketing segment was strong with an uptick in margins after the December17 Gujarat....More>>>
SilverBow Resources (NYSE: SBOW) and Earthstone Energy (NYSE:ESTE) are both small-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.
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Cryptocurrencies simply couldn’t be stopped in 2017, and blockchain technology is to thank for that.
Blockchain is the digital, distributed, and decentralized ledger underlying most virtual currencies that’s responsible for logging all transactions without the need for a financial intermediary, such as a bank. In other words, it’s a new means of transmitting funds and/or....More>>>
Tidewater (NYSE:TDW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Separately, Capital One Financial upgraded shares of Tidewater from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 24th.
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A flurry of IPOs joined the calendar to kick off the new year, most notably ADT. Less than two years since Apollo took the security services behemoth private, ADT (NYSE:ADT) launched a $2 billion public offering that will value the company at $14 billion.
After postponing its IPO in 2017, fracker Liberty Oilfield Services (Pending:BDFC) will be making a second attempt now that oil prices....More>>>
After months of political uncertainty, the American economy is somewhat back on track now. The second estimate for GDP shows that the U.S. economy grew 3.2% in the third quarter, faring better than the first estimate of 2.9% and the second quarter’s 1.4%.
Moreover, inflation is edging toward the desired 2% while the job market is looking up. These factors set the stage for an interest....More>>>
Zacks Investment Research upgraded shares of Praxair (NYSE:PX) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $184.00 price target on the basic materials company’s stock.
According to Zacks, “Praxair is expected to gain from strong backlog, new order wins and recovery in the energy and industrial....More>>>
U.S. equities climbed higher on Monday in a continuation of the easy, low volatility conditions that have dominated over the past three months. Large-cap stocks, as measured by the S&P 500, closed above the 2,400 level for the first time, bagging another high.
In the end, the Dow Jones Industrial Average gained 0.4%, the S&P wafted up 0.5%, the Nasdaq Composite added 0.5%....More>>>
Shares of LIC Housing Finance shed 5 percent in the early trade on Monday despite company reported strong numbers in the quarter ended June 2018.
The company’s Q1FY19 (April-June) profit rose 18.4 percent to Rs 567.94 crore versus Rs 479.65 crore in the same quarter last fiscal.
Revenue increased by 10.8 percent to Rs 4,018.95 crore versus Rs 3,626.85 crore.
In January, oil and natural gas refinery Valero Energy Corporation’s (NYSE:VLO) shares jumped 17%, according to data provided by S&P Global Market Intelligence. That was the biggest gain of this trio, but Marathon Petroleum Corp. (NYSE:MPC) and its 12% gain wasn’t far behind. Even Phillips 66 (NYSE:PSX) got in the act with a nearly 11% gain. All of them beat....More>>>
Stocks managed to bounce back a bit today after yesterday’s losses, with the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) both making small gains.
Today’s stock market
Index Percentage Change Point Change
Dow 0.12% 30.31
S&P 500 0.22% 5.99
Data source: Yahoo! Finance.
Energy led the market as the....More>>>
There’s a veritable hurricane of events–not to mention an actual hurricane–that should be rocking the market–but stocks barely moved today as investors wait for the U.S. payrolls data tomorrow.
The S&P 500 ticked up 0.1% to 2,160.77 today, while the Dow Jones Industrial Average dipped 12.53 points, or 0.1%, to 18,268.50. The Nasdaq Composite....More>>>