It’s another up-and-down day as investors try to weigh what seems to be a strong U.S. economy and weakening global economy. This of course, makes it tough to bid up stocks to new highs, but at the same time, it’s hard to sell U.S. equities when it’s the best house in the neighb
Shares of energy stocks, including ExxonMobil (XOM), Chevron (CVX), Whiting Petroleum (WLL), and Devon Energy (DVN), are surging on reports that OPEC has agreed to to limit the amount of oil its members produce. Bloomberg’s Nayla Razzouk, Grant Smith, and Angelina Rascouet report:
OPEC agreed to cut production for the first time in eight years, according to....More>>>
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
By the end of the summer, the country that until recently had a state monopoly on crude will have offered more than 100 permits to oil majors like Exxon Mobil Corp. in three auctions this year. The last bidding round, announced on Wednesday, will cover....More>>>
Share price of MOIL advanced 2.5 percent intraday Monday as company revised prices of different grades of manganese ore and other products, effective July 1.
The prices of ferro grade, SMGR (Mn30% & Mn25%), chemical grade and fines have been increased by about 5 percent on the existing prices. However, a discount at 5 percent will be offered on the prices effective....More>>>
Source: ThinkstockJune 22, 2017: The S&P 500 closed relatively flat at 2,434.66. The DJIA closed flat as well at 21,398.04. Separately, the Nasdaq closed flat at 6,236.69.
Thursday was a relatively flat day for the markets. The only outstanding sector in the S&P 500 was healthcare which was positive across the board. This was the result of Republicans releasing their new healthcare....More>>>
For investors struggling to handicap whether U.S. President Donald Trump will stomach a full-blown trade war, some analysts boil the risks down to this: The dollar stands to lose.
Greenback bulls should enjoy the currency’s seven-week rally while they can, say Goldman Sachs Group Inc. and Deutsche Bank AG. Should a spiral of retaliatory tariffs ensue, the threat is diminished global....More>>>
May 10, 2018: Markets opened higher again Thursday following a report that the consumer price index rose just 0.2% in April (only 0.1% excluding food and energy). The gain could indicate that the Fed won’t rush to raise interest rates again. Even Trump’s decision to pull out of the Iran nuclear deal is not pushing flows out of equities and into safe havens although 10-year Treasuries....More>>>
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.
Continental Resources, Inc. (NYSE:CLR) has taken great advantage of the shrinking WTI-Bakken differential. Roughly 60% of the upstream company’s current production base comes from its operations in the Dakotas and Montana, which primarily is represented by its Bakken/Three-Forks oil production in North Dakota. By fetching a price for its oil production that is much closer to WTI, Continental....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.
It is not uncommon for markets to sell-off after big gains. It seemed as though every market participant was just begging for a pullback in late 2017 and early 2018. But now that a sell-off has been seen it’s the same thing that always happens — investors freeze up, because it could be the end of the great bull market.
The current bull market turned 9 years old in March. The difference....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>>>