As a long-term shareholder in ConocoPhillips (NYSE:COP), I wanted to compare them will a leading domestic shale producer – EOG Resources (NYSE:EOG). As you surely are aware, COP had been one of the “Big 3” international integrated oil companies prior to the spin-off of Phillips 66 (NYSE:PSX), a move that unleashed tremendous shareholder value. But now COP is an upstream only company....More>>>
Dr. Kent Moors
As I write this (Tuesday, April 10), oil prices are billowing higher.
Both West Texas Intermediate (WTI) and Brent are rising sharply, each up 1.9% for the day before the market even opened.
That means WTI has jumped 4.1% in less than two trading sessions, while Brent has improved by 4.3% over the same brief period.
Now, I do expect that there....More>>>
U.S. equities mostly finished lower on Thursday while the Dow Jones Industrial Average inched higher — by four tenths of a point — to a new record high. For the average investor, all the focus will be on the Dow’s seventh consecutive gain. Below the surface, however, ominous signs continue to grow with the market flashing another “Hindenburg Omen” signal in the....More>>>
&l;p&g;&l;img class=&q;dam-image bloomberg size-large wp-image-41580290&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/41580290/960×0.jpg?fit=scale&q; data-height=&q;638&q; data-width=&q;960&q;&g; Wind turbines at the Hornsdale wind farm in South Australia, which is connected to a Tesla lithium-ion battery storage system that took less than 100 days to install. Photographer:....More>>>
Oil prices steadied on Thursday, on the heels of a 2% plunge that came after data showed U.S. oil production hit a new weekly record.
The stabilization in crude prices came as a sense of calm appeared to be returning to global equity markets. The resignation of top White House economic adviser Gary Cohn late Tuesday fueled concerns about a trade war and spiked a selloff for perceived riskier....More>>>
Eni (E) is an Italian multinational oil and gas company headquartered in Rome. With a $60 billion market cap, Eni is considered one of the global oil and gas super majors. Despite being a super major, Eni has had a difficult time since the start of the oil crash. However, the company’s impressive assets compared with the company’s respectable dividend yield make the company, as we will....More>>>
Oil prices were falling back Thursday off three-year highs hit in the prior trading session amid political tensions in the Middle East, but analysts are generally optimistic about stocks in the space, meaning Thursday’s dip could represent a buying opportunity.
Both West Texas Intermediate crude and global benchmark Brent crude prices were down slightly Thursday to $66.57....More>>>
With baby boomers retiring in rapid succession, millennials now make up the largest percentage of the workforce. And while many are gainfully employed and are on top of their bills, the majority of younger workers are making a mistake that could damage their finances irreparably: not having emergency savings. A frightening 52%, in fact, say they don’t have an emergency fund, according to new....More>>>
Crude futures gained traction on Friday, driven by a weaker U.S. dollar and signs of the market tightening after major oil producers agreed to cut output.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February
While 2016 gave commodities a big lift, I think that investors should continue to own at least some commodity-related stocks, explains Stephen Leeb, editor of The Complete Investor.
The relationship between oil and most other commodities is strong, with oil for many reasons being an important factor in the price of most base metals.
Very little has changed in the last year....More>>>
EOG Resources(NYSE:EOG) started 2018 off with a bang by deliveringexcellent first-quarter results. That strong showing provided investors with another glimpse of just how good EOG is at drilling shale wells, which was something CEO Bill Thomas pounded home on theaccompanying conference call.Overall, he detailed five areas that show why the company is in a class of its own.
1. Our focus on....More>>>
Tata Consultancy Services (TCS), India’s most valued company in terms of market capitalisation created history on Monday when its market cap surpassed crucial $100 billion marks or Rs6,60,000 crore on the BSE in intraday trade.
TCS has also crossed Accenture’s market capitalisation which was at USD 98 billion. TCS market cap is 52 percent higher than all the other IT index....More>>>
Source: ThinkstockDecember 6, 2017: The S&P 500 closed flat at 2,629.31. The DJIA closed down 0.16% at 24,142.49. Separately, the Nasdaq was up 0.2% at 6,776.38.
Wednesday was a mixed day for the broad U.S. markets. All three indices shifted from positive to negative multiple times throughout the session. The Dow is still holding above 24,000 but it has backed off from its all-time high.....More>>>
After five weeks of consecutive gains, the major U.S. stock indices closed in the red last week. They were led lower by the Russell 2000, which declined 2%.
In the March 14 Market Outlook, I said that a chart pattern in the Russell 2000 targeted an eventual 19% decline to 880 as long as the 1,096 area loosely held as overhead resistance. The small-cap index traded as high as 1,104 on March....More>>>
Source: ThinkstockJanuary 12, 2018: The S&P 500 closed up 0.7% at 2,786.12. The DJIA closed up 0.9% at 25,801.82. Separately, the Nasdaq was up 0.7% at 7,261.06.
Friday was another strong day for the U.S. markets, all three of the major averages hit all-time highs yet again. Crude oil has seen a strong week and is holding above the $64 mark. The S&P 500 sectors were mostly positive.....More>>>