Venezuela is a “Potemkin Economy,” meaning that it depends almost entirely on one industry to keep its Economic Ecosystem alive. The same goes for Russia, a nation that struggles since the energy crisis shocked the World. Two months right after oil and gas prices plummeted, sanctions were imposed, a situation that reduced Russia’s survival ratio even more. But in the end,....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>>>
Chesapeake Energy Corporation (NYSE:CHK) finished off Tuesday with a gain of 6.8%, polishing off a nearly 20% run for CHK stock since March 25.
Not bad work at all, considering that’s when the oil and natural gas E&P company was busy scrawling out a death cross.Hot Oil Stocks To Watch For 2018: Halliburton Company(HAL)
Advisors’ Opinion:[By ]
I’ve created a simulation of past and future oil production in the Bakken in the form of a virtual oil field.
(image source:Illinois DNR)
In this simulation, I created a number of virtual oil wells for each week, over time, based on Baker Hughes Rig Count data.Top Oil Stocks To Own Right Now: Range Resources Corporation(RRC)
Midway through trading Friday, the Dow traded down 0.07 percent to 24,304.65 while the NASDAQ climbed 0.13 percent to 7,127.71. The S&P also rose, gaining 0.09 percent to 2,669.37.
Leading and Lagging Sectors
On Friday, the telecommunication services shares gained 1.87 percent. Meanwhile, top gainers in the sector included Sprint Corporation (NYSE: S), up 6 percent, and Windstream....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>>>
Shopping and Thanksgiving weekend go together like Donald Trump and Twitter wars. This year there’s no need to risk being trampled by throngs of shoppers fighting over a $10 waffle iron. Here are 13 Shark Tank businesses offering online Black Friday deals with coupon code “Forbes2016.” Shop from the comfort of your home and ostensibly spend quality time with family. Pat yourself....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>>>
Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn’t already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with....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>>>
In the week ended May 4, 2018, the number of land rigs drilling for oil in the United States totaled 834, up by nine compared to the previous week and 131 more compared with a total of 703 a year ago. Including 196 other land rigs drilling for natural gas and two listed as miscellaneous, there are a total of 1,032 working rigs in the country, 11 more week over week and up by 155 year over year.....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>>>
Ashwani Kumar Harit
Gold prices continued gaining positive momentum on Mondays session as the counter opened slightly negative but during the intraday session prices recovered and ended with a positive note. For Tuesdays session prices might face some more upside where Rs 30,900 per 10 gm would be an immediate resistance above which we might expect some more upside over short....More>>>
Seven Generations Energy (TSE:VII) insider Glen Allen Nevokshonoff sold 31,319 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of C$16.15, for a total transaction of C$505,801.85.
Seven Generations Energy traded down C$0.26, hitting C$15.98, on Thursday, MarketBeat reports. The company’s stock had a trading volume....More>>>