Did you know that Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) went skidding into the end of 2017? Some investors may not have noticed the underperformance in Google stock, as it stumbled up to and through the holiday trading periods. On Dec. 18, Alphabet stock leaped to new all-time highs, before d
The time to buy, were often told, is when the blood is running in the streets. But does this nugget of contrarian wisdom apply when, instead of blood in the streets, its oil gushing into the Gulf of Mexico?
Thats the question we should be exploring this week, the seventh anniversary of BPs disastrous 2010 Deepwater Horizon oil spill, which killed 11 people and injured 17 others.
Gasoline futures soared Monday as Tropical Storm Harvey continued to wreak havoc on Texas, knocking major Gulf Coast refineries out of action.
And while the storm is also expected to curtail offshore crude oil production in the Gulf of Mexico, crude futures are under pressure. Thats because the supply impact is more than offset by the hit to demand for crude by the refinery shutdowns.
As OPEC meets Wednesday in Vienna, this could be one of its last chances to assert its power before Trump takes office.
“This is really OPEC’s last hurrah to have a real impact on the global market. When Trump comes in, it will be tougher to control prices,” says Phil Flynn, senior energy analyst at PRICE Futures Group in....More>>>
The bull market in stocks has now been running strong for eight full years, and investors who have seen major market benchmarks triple from their 2009 lows were in a reasonably good mood on Thursday. Stocks didn’t move much, with the Dow rising just 3 points on the day, as a generally favorable market environment was tempered somewhat by declines in U.S. crude oil prices below the $50-per-barrel....More>>>
T-Mobile wants to “free” the phone number, and on Wednesday it came out with a new way to do so.
As part of a new feature called Digits, T-Mobile will allow customers to make calls or texts anywhere you have a device with an Internet connection, allowing you to make phone calls with an iPad or send texts from a laptop. Recipients of the calls and texts will see your normal phone....More>>>
With International Business Machines’ (NYSE:IBM) fourth-quarter results already reported, the company’s recently released annual report doesn’t unveil anything new. But the company did discuss a wide variety of topics related to its ongoing transformation, highlighting key initiatives that are helping to return it to growth. Here are 10 numbers that stood out to me as I perused....More>>>
Welcome to the latest edition of the Energy Recap. This week, we want to start off with a couple of charts from the most recent update of the Haynes And Boone “Bank Oil Patch Bankruptcy Monitor” report.
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Source: Haynes And Boone “Bank Oil Patch Bankruptcy Monitor.”
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Top 5 Oil Stocks To Buy Right Now: ONEOK Partners....More>>>
Crude oil is breaking down… Prices plunged more than 5% on Wednesday – the biggest one-day decline since February 2016. They fell another 2.5% Thursday to their lowest level since late November. West Texas Intermediate ("WTI") crude – the U.S. benchmark for prices – fell to as low as $49 per barrel on Thursday. Brent crude – the international....More>>>
Important Note: This article is not an investment recommendation and should not to be relied upon when making investment decisions – investors should conduct their own comprehensive research. Please read the disclaimer at the end of this article.
QEP Resources’ (NYSE:QEP) third-quarter press release contains a notable paragraph, quoting the company’s....More>>>
Contrary to popular belief, hemp and marijuana aren’t the same thing. The difference between hemp and marijuana is primarily the amount of tetrahydrocannabinol (or THC), or is the primary psychoactive chemical in marijuana. Hemp contains less than 0.5% THC, while marijuana consists of anywhere from 6 % to 20% (and sometimes more) THC.
Granted, it’s not always a fully-appreciated....More>>>
Royal Dutch Shell plc (NYSE:RDS-B) has a fat yield of around 6.7%. But its long-term debt load has increased by more than 50% in the past year and by nearly 120% since the end of 2014. The oil and natural gas giant is now selling assets to get its stressed balance sheet under control. Although I’m fairly confident it will be able to save its dividend, investors should always question their....More>>>
On Tuesday, stocks closed mixed with a preference for small-caps as they took gains in some blue chips and big-cap stocks.
Profit-taking started immediately, with a divergence of better-quality stocks being sold. Banks and other financials fell 1.4% at the close, while technology gained 0.9% and consumer discretionary rose 0.5%. Eight of the eleven sectors of the 500 lost ground. From the....More>>>
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
Major offshore drilling stocks have had a great start to this year. Rowan (RDC), Diamond Offshore (DO), Transocean (RIG), Ensco (ESV), and Noble Corp. (NE) have all increased in price. The main driver for this price increase was the upside in oil prices. Brent oil (BNO) is now close to the psych
Google's (GOOGL) (NASDAQ:GOOG) stock has surged over the last year, gaining approximately 37%. Even though this has occurred, Google's forward PEG of 1.63x is still attractive for such a remarkable company and brand. I believe there remains additional upside for the stock given the fol