Oil tallied a third straight gain Wednesday, with U.S. prices settling at a five-week high and Brent at its highest since April, buoyed by a report from the International Energy Agency that showed global crude production fell for the first time in four months in August.
Traders also weighed weekly data from the U.S. government which revealed a smaller-than-expected rise in crude supplies,....More>>>
Source: ThinkstockMay 9, 2017: The S&P 500 closed relatively lower on the day at 2,396.84. Separately the DJIA closed lower at 20,974.61. The Nasdaq was actually up on the day at 6,120.59 hitting another intraday high.
Tuesday was another flat day for the markets, with oil giving back some of its Monday gains. Oil & gas stocks were largely down on the day contributing to the drop....More>>>
The commodity bear market, especially in oil, ended in 2016. The typical commodity bear market ends when prices collapse so much that production and new investment decline enough to reduce the supply coming on to the market, observes Bob Carlson, editor of Retirement Watch.
That happened in 2016. The outlook for oil and energy prices improved in late 2016 when OPEC and other oil-producing....More>>>
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>>>
March 9, 2017: The S&P 500 closed barely higher on the day up 0.08% and 1.89 points at 2,364.87. Separately the DJIA closed higher 0.01% on the day at 20,858.19, up approximately 2.46 points. Overall this was brought about by another strong performance by the healthcare sector, namely drug manufacturers. Although we saw crude oil make a massive drop on Wednesday, which continued Thursday, it....More>>>
After four-straight weeks of selling, oil futures started on a down note Monday amid fresh supply worries.
On Friday, data indicated that U.S. oil operators added six more active oil rigs the past week, marking a 22nd-straight increase. Overabundance of oil has suppressed prices for nearly three years. Even though major producers in the Organization of the Petroleum Exporting Countries and....More>>>
Buckeye Partners, L.P. (NYSE: BPL): A Brief Introduction
“Buckeye Partners, L.P. is a publicly-traded master limited partnership that provides mid-stream energy logistics services. Buckeye owns and operates one of the nation’s largest independent petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads and other commercial....More>>>
Pilgrims Pride Corp (NASDAQ:PPC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Pilgrims Pride Corp engages in processing, marketing, and distribution fresh, frozen and value-added chicken products to retailers, grocers, distributors and food service operators. It offers chickens as a whole and different cuts. Pilgrims Pride Corp has a market cap of $6.72 billion;....More>>>
With oil prices having more than doubled from their early 2016 low, to over $65 per barrel, traders are waking up this morning to the possibility that the long-dormant oil sector may be coming back with a vengeance.
Today’s prices allow drillers to hedge for $60 per barrel oil for over one year, meaning they now have a platform for new investment. Production recently passed its 2014....More>>>
Oil prices took a turn lower on Friday on worries over record U.S. oil production, and after a major energy watchdog predicted shale producers would help drive production to levels not seen since the 1970s.
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>>>
April 25, 2018: Markets opened slightly lower Wednesday and it did not appear that anything would turn that around. But turn they did in the early afternoon despite the 10-year Treasury yield topping 3% and stronger dollar. Maybe is was a couple of good earnings reports plus a few biggies after today’s close — like, Facebook and Ford, for example.
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>>>
Surging production has begun to outstrip the pipeline takeaway capacity out of the Permian Basin, dampening production growth prospect in the future until new pipelines come onstream. Different companies have varying exposure to this transportation tightness
Farmers Capital Bank Corporation (NASDAQ:FFKT)’s share price reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $54.45 and last traded at $54.60, with a volume of 1640 shares trading hands. The stock had previously closed at $54.00.
Even after some bouts of turbulence this year, the stock market sits near record highs and is moving toward what would be a 10-year bull run. Those conditions suggest that now might be adifficult time to find growth stocks valued at levels that leave room for huge upside, but there are still unde