It takes money to make money. Most investors know that, but with business media so focused on the “how much,” very few investors bother to ask, “How fast?”
When judging a company’s prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it’s booking in the accounting fantasy world we call “earnings.” This is one of the first metrics I check when I’m hunting for the market’s best stocks. Today, we’ll see how it applies to Penske Automotive Group (NYSE: PAG ) .
Let’s break this down
In this series, we measure how swiftly a company turns cash into goods or services and back into cash. We’ll use a quick, relatively foolproof tool known as the cash conversion cycle, or CCC for short.
Why does the CCC matter? The less time it takes a firm to convert outgoing cash into incoming cash, the more powerful and flexible its profit engine is. The less money tied up in inventory and accounts receivable, the more available to grow the company, pay investors, or both.
Top 10 Energy Stocks To Invest In 2014: Fleetcor Technologies Inc (FLT)
FleetCor Technologies, Inc. (FleetCor) is an independent global provider of specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe. During the year ended December 31, 2011, the Company processed more than 215 million transactions on its networks and third-party networks. The Company operates in two segments: North American and International segments. The Company provides its payment products and services in a variety of combinations to create payment solutions for its customers and partners. In August 2011, the Company acquired Mexican prepaid fuel card and food voucher business based in Mexico City, Mexico. On December 13, 2011, the Company acquired Allstar Business Solutions Limited, a fleet card company based in the United Kingdom. In July 2012, the Company acquired a Russian fuel card company. In July 2012, the Company acquired CTF Technologies, Inc.
The Company uses third-party networks to deliver its payment programs and services. In order to deliver its payment programs and services and process transactions, it owns and operates closed-loop networks through which it electronically connects to merchants and captures, analyzes and reports information. The Company also provides a range of services, such as issuing and processing. The Company markets its payment products directly to a range of commercial fleet customers, including vehicle fleets of all sizes and government fleets. Among these customers, it provides its products and services to small and medium commercial fleets. The Company also manages commercial fleet card programs for oil companies, such as British Petroleum (BP) (including its subsidiary Arco), Chevron and Citgo, and over 800 petroleum marketers.
The Company sells a range of fleet and lodging payment programs directly and indirectly through partners, s uch as oil companies and petroleum marketers. It provides it! s customers with various card products that function like a charge card to purchase fuel, lodging and related products and services at participating locations. The Company supports these cards with issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions. The Company provides these services in a variety of outsourced solutions ranging from an end-to-end solution (consisting issuing, processing and network services) to limited back office processing services.
In addition, the Company offers a telematics solution in Europe that combines global positioning, satellite tracking and other wireless technology to allow fleet operators to monitor the capacity utilization and movement of their vehicles and drivers. The Company offers prepaid fuel and food vouchers and cards in Mexico that may be used as a form of payment in restaurants, grocery stores and gas statio ns. Approximately 10.4% of its revenue during the year ended December 31, 2011 came from its lodging and telematics products.
During 2011, the Company owns and operates eight closed-loop networks in North America and internationally. Fuelman network is the Company’s primary fleet card network in the United States. Corporate Lodging Consultants network (CLC) is the Company’s lodging network in the United States and Canada. The CLC Lodging network covers more than 17,700 hotels across the United States and Canada. Commercial Fueling Network (CFN) is the Company’s members only unattended fueling location network in the United States and Canada. Keyfuels network is the Company’s primary fleet card network in the United Kingdom.
CCS network is the Company’s primary fleet card network in the Czech Republic and Slovakia. Petrol Plus Region (PPR) network is the Company’s primary fleet card network in Russia, Poland, Ukraine, Belarus, Lithuania, Estonia and Latvia. Mexican network is the Company’s fuel! and food! card and voucher network in Mexico. Allstar network is the Company’s fleet card network in the United Kingdom. In the United States, the Company issues corporate cards that utilize the MasterCard payment network, which includes 176,000 fuel sites and 398,000 maintenance locations across the country. The networks of locations owned by the Company’s oil and petroleum marketer partners in both North America and internationally are utilized to support the card programs of these partners.
UNION TANK Eckstein GmbH & Co. KG (UTA) operates a network of over 46,000 fleet card-accepting locations across 38 countries throughout Europe, including more than 31,000 fueling sites. DKV operates a network of over 45,000 fleet card-accepting locations across 36 countries throughout Europe, including more than 30,500 fueling sites. In Mexico, the Company issues fuel cards and food cards that utilize the Carnet payment network, which includes approximately 8,700 fueling sites and 78,890 food locations across the country.
The Company competes with Wright Express Corporation, Comdata Corporation, U.S. Bank Voyager Fleet Systems Inc., Edenred and Sodexo, Inc.
- [By gurujx]
Fleetcor Technologies Inc. (FLT): President, Developing Markets Charles Richard Freund Sold 75,000 Shares
President, Developing Markets of Fleetcor Technologies Inc. (FLT) Charles Richard Freund sold 75,000 shares on 12/31/2013 at an average price of $116.07.
- [By Louis Navellier]
Editor’s note: This column is part of our Best Stocks for 2014 contest. Louis Navellier’s pick for the contest is FleetCor Technologies (FLT).
- [By Steve Sears]
New stocks in what Goldman calls the “Hedge Fund VIP list,” include Actavis (ACT), Baidu (BIDU), Berkshire Hathaway (BRK.B), Crown Castle International (CCI), Entergy Louisiana (ELB), Equinix (EQIX), Facebook (FB), Fleetcor Technologies (FLT), W.R. Grace (GRA), MetLife (MET), Macquarie Infrastructure (MIC), Micron (MU), Time Warner Cable (TWC), and Time Warner (TWX).
- [By Rich Smith]
Moving quickly to establish synergies on its Australian purchase of Fleet Card from General Electric (NYSE: GE ) last month, Norcross, Ga.-based FleetCor (NYSE: FLT ) is buying another fuel card-issuing and payment-processing business right next door.
Top 10 Energy Stocks To Invest In 2014: BG Group PLC (BRGXF.PK)
BG Group plc (BG Group) is a natural gas company. The Company is engaged in the exploration, development and production of natural gas and oil. It operates in three business segments: Exploration and Production (E&P), Liquefied Natural Gas (LNG) and Transmission and Distribution (T&D). Effective January 1, 2012, the Company was managed across three regions: Americas and Europe; Africa, Central and South Asia, and Australia and East Asia, supported by Global Energy Marketing and Shipping (GEMS) and BG Advance. The Company has interests in 25 countries on five continents. During the year ended December 31, 2011, the Company acquired an interest in, and operatorship of, offshore blocks L10A (BG Group 40%) and L10B (BG Group 45%) in Kenya. During 2011, the Company acquired additional Marcellus shale properties in partnership with EXCO Resources, Inc. (EXCO). In June 2013, BG Group PLC announced that it has completed the sale of its 65.12% holding in Gujarat Gas Company Limited (G GCL). Advisors’ Opinion:
- [By Heather Ingrassia]
On Thursday, August 15, GasLog (GLOG) announced that it had ordered two new 174K cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries. These carriers are expected to be delivered in 2016 which is the same year the company will begin seven-year charters with BG Group (BRGYY.PK) (BRGXF.PK).
Top 10 Energy Stocks To Invest In 2014: Marathon Petroleum Corp (MPC)
Marathon Petroleum Corporation (MPC), incorporated on November 9, 2009, is a petroleum product refiners, transporters and marketers in the United States. The Company operates in three segments: Refining & Marketing, Speedway and Pipeline Transportation. Marathon Petroleum’s refining, marketing and transportation operations are concentrated in the Midwest, Gulf Coast and Southeast regions of the United States. MPC has two retail brands: Speedway and Marathon. Effective as of June 30, 2011, MPC was separated from Marathon Oil Corporation (Marathon Oil) and became an independent company in a spin-off transaction.
Refining & Marketing
The Company owned and operated six refineries in the Gulf Coast and Midwest regions of the United States with an aggregate crude oil refining capacity of approximately 1.2 million barrels per calendar day as of December 31, 2011. During 2011, its refineries processed 1,177 million barrels per day of crude oil and 181 m bpd of other charge and blend stocks. Its refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, catalytic reforming, desulfurization and sulfur recovery units. The refineries process a range of crude oils and produce numerous refined products, ranging from transportation fuels, such as reformulated gasolines, blend-grade gasolines intended for blending with fuel ethanol and ultra-low-sulfur diesel fuel, to heavy fuel oil and asphalt. Additionally, MPC manufacture aromatics, propane, propylene, cumene and sulfur.
The Company’s Garyville, Louisiana refinery is located along the Mississippi River in southeastern Louisiana between New Orleans and Baton Rouge. The Garyville refinery is configured to process heavy sour crude oil into products, such as gasoline, distillates, asphalt, polymer grade propylene, propane, isobutane, sulfur and fuel-grade coke. The Catlettsburg, Kentucky refinery is located in northeastern Kentucky on the western bank of the Big Sandy River, near the confluence! with the Ohio River. The Catlettsburg refinery processes sweet and sour crude oils into products such as gasoline, distillates, asphalt, cumene, petrochemicals, propane and propylene. The Robinson, Illinois refinery is located in southeastern Illinois. The Robinson refinery processes sweet and sour crude oils into products, such as multiple grades of gasoline, distillates, anode-grade coke, propane, butane and propylene.
MPC’s Detroit, Michigan refinery is located near Interstate 75 in southwest Detroit. It is the petroleum refinery operating in Michigan. The Detroit refinery processes light sweet and heavy sour crude oils, including Canadian crude oils, into products, such as gasoline, distillates, asphalt, slurry, propane, and propylene. Its Canton, Ohio refinery is located approximately 60 miles southeast of Cleveland, Ohio. The Canton refinery processes sweet and sour crude oils into products such as gasoline, distillates, asphalt, propane, slurry and ro ofing flux. Its Texas City, Texas refinery is located on the Texas Gulf Coast approximately 30 miles south of Houston, Texas. The refinery processes sweet crude oil into products such as gasoline, chemical grade propylene, propane, slurry and aromatics.
As of December 31, 2011, the Company owned and operated 62 light product and 21 asphalt terminals. In addition, it distributes through approximately 52 third-party light product and 12 third-party asphalt terminals in its market area. During 2011, marine transportation operations included 15 towboats, as well as 167 owned and 14 leased barges that transport refined products on the Ohio, Mississippi and Illinois rivers and their tributaries, as well as the Intercoastal Waterway. As of December 31, 2011, the Company leased or owned approximately 1,950 railcars of various sizes and capacities for movement and storage of refined products. In addition, it own 124 transport trucks for the movement of refined products.
The Company produces propane at all six of its! refineri! es. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles. The Company is also a producer and marketer of feedstocks and specialty products. Product availability varies by refinery and includes propylene, cumene, dilute naphthalene oil, molten sulfur, toluene, benzene and xylene. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles.
The Company sells transportation fuels and convenience products in the retail market in the Midwest, primarily through Speedway convenience stores. The Speedway segment sells gasoline and merchandise through convenience stores that the Companu owns and operates, primarily under the Speedway brand. Speedway-branded convenience stores offer a range of merchandise, such as prepared foods, bev erages and non-food items, including a number of private-label items. As of December 31, 2011, Speedway had 1,371 convenience stores in seven states.
The Company transports crude oil and other feedstocks to our refineries and other locations, delivers refined products to wholesale and retail market areas and includes, among other transportation-related assets, a majority interest in LOOP LLC, which is the owner and operator of the United States deepwater oil port. It owns common carrier pipeline systems through Marathon Pipe Line LLC (MPL) and Ohio River Pipe Line LLC (ORPL), both of which are wholly owned subsidiaries. These pipeline systems transport crude oil and refined products, primarily in the Midwest and Gulf Coast regions, to its refineries, its terminals and other pipeline systems. The Company’s MPL and ORPL wholly owned carrier systems consist of 1,707 miles of crude oil lines and 1,825 miles of refined product l ines comprising 31 systems located in 11 states, as of Decem! ber 31, 2! 011. In addition, MPL leases and operates 217 miles of common carrier refined product pipelines.
The common carrier refined product pipelines include the owned and operated Cardinal Products Pipeline and the Wabash Pipeline. The Cardinal Products Pipeline delivers refined products from Kenova, West Virginia, to Columbus, Ohio. The Wabash Pipeline system delivers refined products from Robinson, Illinois, to various terminals in the area of Chicago, Illinois. Other refined product pipelines owned and operated by MPL extend from: Robinson, Illinois to Louisville, Kentucky; Robinson, Illinois to Lima, Ohio; Wood River, Illinois to Indianapolis, Indiana; Garyville, Louisiana to Zachary, Louisiana, and Texas City, Texas to Pasadena, Texas.
As of December 31, 2011, the Company had partial ownership interests in the pipeline companies that have approximately 110 miles of crude oil pipelines and 3,600 miles of refined products pipelines, including about 970 miles operated by MPL, which include Centennial Pipeline LLC (Centennial), Explorer Pipeline Company (Explorer), LOCAP LLC (LOCAP), LOOP LLC (LOOP), Muskegon Pipeline LLC (Muskegon) and Wolverine Pipe Line Company (Wolverine).
The Company holds a 50% interest in Centennial, which owns a refined products pipeline system connecting the Gulf Coast region with the Midwest market. The Company holds a 17% interest in Explorer, a refined products pipeline system extending from the Gulf Coast to the Midwest. It holds a 51% interest in LOOP, the owner and operator of the Louisiana Offshore Oil Port, which is a deepwater oil port capable of receiving crude oil from large crude carriers, located 18 miles off the coast of Louisiana, and a crude oil pipeline connecting the port facility to storage caverns and tanks at Clovelly, Louisiana. The Company holds a 60% interest in Muskegon, which owns a refined products pipeline extending from Griffith, Indiana to North Muskegon, Michigan. It hold a 6% interest in Wolverine, a refined prod! ucts pipe! line system extending from Chicago, Illinois to Toledo, Ohio.
- [By Ben Levisohn]
Refiners like Phillips 66 (PSX), Valero Energy (VLO), Holly Frontier (HFC), Marathon Petroleum (MPC) and Tesoro (TSO) had a painful start to the year. The pain might be about to turn to gain, according to Barclays.
- [By Rich Duprey]
Hess (NYSE: HES ) is in the process of mulling over whether to sell or spin out its retail business, and Marathon Petroleum (NYSE: MPC ) , while not making a commitment one way or the other, has said those assets would be a “great fit” for its Speedway operations. This is the fourth largest C-store chain with around 1,470 locations, in part, because increasing food service sales are pushing profits higher. Hess is the largest convenience store owner on the East Coast, with 1,258 fuel and food outlets. Others considered in the running for Hess’s business include Alimentation Couche-Tard (NASDAQOTH: ANCTF ) , whose Circle K brand is second in size only to 7-Eleven, and BJ’s Wholesale Club, which has around 200 wholesale clubs in 15 eastern states, half of which feature gas stations.
- [By Ben Levisohn]
Now that Marathon Petroleum (MPC), Phillips 66 (PSX) and Valero Energy (VLO) have reported earnings, Citigroup has decided it’s time to take a step back and consider where the big three might be headed.
Higher, say Faisel Khan and Mohit Bhardwaj. They write:
[Marathon Petroleum], [Phillips 66] and [Valero Energy] all present upsides from current levels. We believe that [Marathon Petroleum], [Valero Energy] and [Phillips 66] are equally well positioned to grow their midstream assets. [Marathon Petroleum] and [Phillips 66] have their midstream assets positioned in the US while [Valero Energy] has some assets outside of the US which are less attractive from an MLP perspective. [Phillips 66] also has a significant position in Chemicals and in gathering & processing NGLs. However, we believe that from a refining perspective [Valero Energy] & [Marathon Petroleum] are best suited to capture the advantage from the growing crude production in the US. [Valero Energy]remains our preferred name followed by [Marathon Petroleum] and [Phillips 66].
Shares of Valero Energy have gained 0.5% to $51.69 today at 2:24 p.m., while Marathon Petroleum has risen 0.8% to $88.16 and Phillips 66 is up 0.2% at $73.71.
Top 10 Energy Stocks To Invest In 2014: Memorial Production Partners LP (MEMP)
Memorial Production Partners LP incorporated on April 4, 2011, is a limited partnership formed by Memorial Resource to own, acquire and exploit oil natural gas properties in North America. As of December 31, 2012, the Company’s total estimated proved reserves were approximately 609 Billions of Cubic Feet Equivalent (Bcfe), of which approximately 62% were natural gas and 59% were classified as proved developed reserves. As of December 31, 2012, the Company produced from 1,671 gross (731 net) producing wells across its properties, with an average working interest of 44%. On April 1, 2012, it acquired oil and natural gas producing properties in East Texas from Memorial Resource Development LLC. In May 2012, it acquired oil and natural gas properties in East Texas and North Louisiana. Effective April 1, 2012, the Company acquired certain oil and natural gas properties in East Texas from Memorial Resource Development LLC. In October 2012, the Company acquired oil and natural gas properties in East Texas from Goodrich Petroleum Corporation. On December 12, 2012, the Company acquired oil and gas producing properties offshore Southern California from Rise Energy Partners, LP. In March 2013, the Company announced that it has closed its acquisition of certain oil and natural gas producing properties in East Texas and North Louisiana from its sponsor, Memorial Resource Development LLC. In September 2013, Memorial Production Partners LP closed two separate transactions to acquire certain oil and natural gas properties from third parties in East Texas and in the Rockies. In October 2013, the Company acquired oil and natural gas properties in the Permian Basin, East Texas, and the Rockies.
The Company’s properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs. The Partnership Properties consist of operated working interests in producing and undeveloped leasehold acreage and in ide ntified producing wells in South and East Texas, and non-ope! rated working interests in producing and undeveloped leasehold acreage. As of December 31, 2012, approximately 58% of its estimated proved reserves and approximately 53% of its average daily net production were located in the East Texas/North Louisiana region. Its East Texas/Louisiana properties include wells and properties located in Navarro, Anderson, Wood, Upshur, Gregg, Harrison, Rusk, Panola, Leon, Polk, Smith, Tyler and Shelby Counties, Texas and De Soto and Lincoln Parishes, Louisiana. Its East Texas/North Louisiana properties include properties in the Joaquin and Carthage fields in Panola and Shelby Counties, the Willow Springs field located in Gregg County, the East Henderson field located in Rusk County, and the Terryville field located in Lincoln Parish.
As of December 31, 2012, approximately 27% of its estimated proved reserves and approximately 35% of average daily net production were located in the South Texas region. Its South Texas properties inc lude wells and properties in numerous natural gas weighted fields located in McMullen, Live Oak, Duval, Jim Hogg, Webb and Zapata Counties, Texas, including the NE Thompsonville, Laredo and East Seven Sisters fields. The Company’s South Texas properties contained 167 Bcfe of estimated net proved reserves as of December 31, 2012. The Company’s Beta properties, consist of a 51.75% working interest and a 35.03% average net revenue interest in three Pacific Outer Continental Shelf blocks (P-0300, P-0301 and P-0306); a 4.575% overriding royalty interest in the Beta unit; a 51.75% undivided interest in two wellbore production platforms with permanent drilling equipment systems and one production handling and processing platform, and a 51.75% controlling equity interest in a 17.5-mile pipeline and an onshore tankage and metering facility. The Company’s Beta properties include a 51.75% undivided interest in Ellen and Eureka platforms. The Beta properties include a controlling interest in the San Pedro Bay Pipeline Company, which owns a! nd operat! es a 16-inch diameter oil pipeline.
- [By Robert Rapier]
In our September chat, I was asked about Memorial Production Partners (Nasdaq: MEMP), another upstream MLP like BreitBurn Energy Partners (Nasdaq: BBEP). I addressed this question in the September article Upstream Turbulence Yields Bargains, writing that Breitburn looked attractive as a cheaper alternative to MEMP. Since that time, MEMP is down 0.6 percent and BBEP is up 6.4 percent. So the discount has narrowed somewhat since September.
- [By Lauren Pollock]
Memorial Production Partners LP(MEMP) unveiled a secondary offering of about 7.1 million units. Memorial Production said the offering represents interests owned by sponsor Memorial Resource Development LLC, which will receive all the net proceeds from the offering. Shares slid 3.8% to $19.67 premarket.
- [By Aimee Duffy]
Distributions are incredibly important to master limited partnerships — they are the reason many investors buy in, and ultimately what drive the market performance for this asset class. As news of distribution increases trickle in for the third quarter, Fool.com contributor Aimee Duffy takes a look at the payouts from Genesis Energy (NYSE: GEL ) , Plains All American Pipeline (NYSE: PAA ) , and Memorial Production Partners (NASDAQ: MEMP ) , as all three MLPs are leading the way with the biggest distribution increases.
- [By Eric Volkman]
Memorial Production Partners (NASDAQ: MEMP ) is keeping its shareholder payout level for now. The company has declared a distribution of $0.5125 per partnership unit, to be paid on Aug. 12 to unit holders of record as of Aug. 1. That amount matches the company’s previous distribution, which was handed out in mid-May. Before that, the company paid slightly less — $0.5075 per unit.
Top 10 Energy Stocks To Invest In 2014: Pacific Rubiales Energy Corp (PEGFF.PK)
Pacific Rubiales Energy Corp. (Pacific Rubiales) is a producerand seller of natural gas and heavy crude oil. The Company also purchases crude oil from third parties to be used as diluents and for trading purposes. The Company owns Meta Petroleum Corp. (Meta), an oil branch which operates the Rubiales/Piriri and Quifa oil fields in the Llanos Basin in association with Ecopetrol; and Pacific Stratus Energy Colombia Corp. (Pacific Stratus), which operates the wholly owned La Creciente gas field in the northern part of Colombia and other light and medium oil fields. In addition to its production assets, it has investment in oil pipelines in Colombia, including the Oleoducto de los Llanos S.A. Pipeline and the new Oleoducto Bicentenario de Colombia pipeline, under construction. In November 2013, Pacific Rubiales Energy Corp acquired Petrominerales Ltd. Advisors’ Opinion:
- [By Value Digger]
C&C Energia was acquired by Pacific Rubiales (PEGFF.PK) for $9.5 (including the shares for Platino Energy), three months later. Nobody else had ever written an online article about C&C Energia.
- [By Value Digger]
Apart from the momentum traders, the growth seekers have to check it out too. Manitok Energy is another growth company with a non-existent coverage from the online publications, although it has been growing by leaps and bounds during the last couple of years. I really enjoy uncovering such companies. In fact, by discovering under-followed growth companies with very attractive valuations is how I started my articles with SeekingAlpha one year ago. It was when I uncovered C&C Energia. I recommended this debt-free South American producer at ~$5.7 in August 2012. C&C Energia was bought out by Pacific Rubiales (PEGFF.PK) a couple of months later at $9.81. My article is here.
Top 10 Energy Stocks To Invest In 2014: Bison Petroleum Corp (BISN)
Bison Petroleum Corp. (Bison), incorporated on February 9, 2010, is an independent American oil and gas company founded to provide the United States energy security by developing and producing oil and gas from the nation’s energy heartlands. Bison’s holdings are located in the Bighorn Basin, Wyoming.
On August 9, 2013, he Company entered into a Lease Purchase Agreement with Nelan Advisors Corporation (Nelan), whereby Nelan sold certain oil and gas leases issued by the State of Wyoming to Bison. Bison focuses to commence oil and gas drilling operations on these leases.
- [By Peter Graham]
On Friday, small cap stocks Bison Petroleum Corp (OTCMKTS: BISN) and Interactive Leisure Systems Inc (OTCMKTS: IALS) sank 16.27% and 16%, respectively, and despite being the subject of recent paid promotions or investor relation campaigns. Of course, there is nothing wrong with a properly disclosed stock promotion or paid for investor relations campaigns, but investors and traders alike need to be careful about how they get into and exit such stocks before getting badly burned. With that in mind, here is a quick look at both small cap stocks to help you decide on an investment or trading strategy for this week:
Bison Petroleum Corp (OTCMKTS: BISN) Has Given Another Corporate Update
Small cap Bison Petroleum Corp is a publicly traded oil and gas exploration and development company based in Salt Lake City, Utah, and dedicated to the exploration and development of domestic Energy in the Bighorn Basin of Wyoming. On Friday, Bison Petroleum Corp sank 16.27% to $1.39 for a market cap of $65.35 million plus BISN is up 396.4% since last June according to Google Finance.
Top 10 Energy Stocks To Invest In 2014: Gastar Exploration Ltd (GST)
Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. The Company’s principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on unconventional reserves, such as shale resource plays. As of December 31, 2011, it is pursuing the development of liquids-rich natural gas in the Marcellus Shale in the Appalachia area of West Virginia and, to a lesser extent, central and southwestern Pennsylvania. The Company also holds prospective acreage in the deep Bossier play in the Hilltop area of East Texas and conduct limited coal bed methane (CBM) development activities within the Powder River Basin of Wyoming and Montana. The Company is a holding company. Advisors’ Opinion:
- [By Robert Rapier]
Gastar Exploration (NYSE: GST) is another Aggressive Portfolio pick made on Dec. 11, and so far it has rallied quite aggressively, producing a three-week capital gain of 26 percent. It helped here too to catch the very bottom of the recent correction, but Gastar has continued to report strong test well results from the Hunton Limestone play it’s pioneering in Oklahoma.
- [By Heather Ingrassia]
Gastar Agreement: On April 1st it was announced that Gastar Exploration, Ltd. (GST) had entered into a definitive agreement to acquire proven reserves and undeveloped leasehold interests in Kingfisher and Canadian counties of Oklahoma from Chesapeake Energy Corporation, repurchase Chesapeake’s common shares of the Company and settle all litigation for $1 million. Although smaller in scope than most of Chesapeake’s previous asset-shedding transactions, the agreement with Gastar accomplishes two things. First, is the fact the settlement resolves the legal wrangling both companies were engaged in and as a result Chesapeake walks away with $85 million of the potential $130 million they were suing for. Second, is the fact Chesapeake wipes it hands of acreage, that although producing, may not be producing as much as Chesapeake had once hoped, and therefore was worth much more to Gastar in the long run.
- [By David Smith]
Earlier, the company had pocketed $75.2 million by selling to Gastar Exploration (NYSEMKT: GST ) leasehold acreage in Oklahoma’s Kingfisher and Canadian counties. It’ll obviously require a passel of sales of that magnitude to shore up an overweight balance sheet.
Top 10 Energy Stocks To Invest In 2014: Pioneer Natural Resources Co (PXD)
Pioneer Natural Resources Company (Pioneer),incorporated on April 4, 1997, is an independent oil and gas exploration and production company with operations in the United States and South Africa. Pioneer is a holding company whose assets consist of direct and indirect ownership interests in, and whose business is conducted substantially through, its subsidiaries. The Company sells homogenous oil, natural gas liquid (NGL) and gas units. The Company provides administrative, financial, legal and management support to United States and South Africa subsidiaries that explore for, develop and produce proved reserves. The Company’s continuing operations are principally located in the United States in the states of Texas, Kansas, Colorado and Alaska. During February 2011, the Company completed the sale of Pioneer Natural Resources Tunisia Ltd. and Pioneer Natural Resources Anaguid Ltd. In April 2012, it acquired Carmeuse Industrial Sands (CIS). In August 2012, the Company sold it s South Africa business to The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd. (PetroSA). Effective December 17, 2013, Pioneer Natural Resources Company and Pioneer Southwest Energy Partners L.P announced the completion of the merger of Pioneer Southwest Energy Partners L.P with a wholly owned subsidiary of Pioneer Natural Resources Company, with Pioneer Southwest Energy Partners L.P surviving the merger as an indirect wholly owned subsidiary of Pioneer Natural Resources Company.
The Company has 15 owned drilling rigs operating in the Spraberry field, and as of December 31, 2011, had Company-owned fracture stimulation fleets totaling 250,000 horsepower supporting drilling operations in the Spraberry, Eagle Ford Shale and Barnett Shale Combo areas. The Company also owns other field service equipment, including pulling units, fracture stimulation tanks, water transport trucks, hot oilers, blowout preventers, construction equipment and fishing tools. T he Company owns a 52.4% limited partner interest and a 0.1% ! general partner interest in Pioneer Southwest Energy Partners L.P. and its subsidiaries (Pioneer Southwest). The Company’s proved reserves totaled 1,063 million barrel of oil equivalent at December 31, 2011. Approximately 83% of the Company’s proved reserves at December 31, 2011 are located in the Spraberry field in the Permian Basin area, the Hugoton and West Panhandle fields in the Mid-Continent area and the Raton field in the Rocky Mountains area.
The Spraberry field encompasses eight counties in West Texas. The field is approximately 150 miles long and 75 miles wide at its widest point. The oil produced is West Texas Intermediate Sweet, and the gas produced is casinghead gas with an average energy content of 1,400 British thermal unit. The oil and gas are produced primarily from four formations, the upper and lower Spraberry, the Dean and the Wolfcamp, at depths ranging from 6,700 feet to 11,300 feet. During the year ended Dece mber 31, 2011, the Company drilled 706 wells in the Spraberry field and its total acreage position approximated 820,000 gross acres (691,000 net acres). The Company has 44 rigs operating, of which 41 are drilling vertical wells and three are drilling horizontal wells. The Company completed its second horizontal well in the Upper/Middle Wolfcamp Shale in Upton County, Texas with a 30-stage fracture stimulation in a 5,800-foot lateral section. The Company is focusing its horizontal efforts on more than 200,000 acres in the southern part of the field to hold acreage. The Company continues to test down spacing in the Spraberry field from 40 acres to 20 acres. Sixteen 20-acre wells were drilled in 2011, with 10 of these wells having been placed on production. These 20-acre wells were drilled to the Lower Wolfcamp interval, with a few deepened to the Strawn interval.
The Hugoton field in southwest Kansas is a producing gas fields in the cont inental United States. The gas is produced from the Chase an! d Council! Grove formations at depths ranging from 2,700 feet to 3,000 feet. The Company’s Hugoton properties are located on approximately 284,000 gross acres (245,000 net acres), covering approximately 400 square miles. The Company has working interests in approximately 1,220 wells in the Hugoton field, approximately 1,000 of which it operates. The Company operates substantially all of the gathering and processing facilities, including the Satanta plant, which processes the production from the Hugoton field. In January 2011, the Company sold a 49% interest in the Satanta plant to an unaffiliated third party for the third party’s commitment to dedicate gas volumes to the Satanta plant. The Company is also exploring opportunities to process other gas production in the Hugoton area at the Satanta plant. By maintaining operatorship of the gathering and processing facilities, the Company is able to control the production, gathering, processing and sale of its Hugoton field gas and NGL production.
The West Panhandle properties are located in the panhandle region of Texas. These reserves are attributable to the Red Cave, Brown Dolomite, Granite Wash and fractured Granite formations at depths no greater than 3,500 feet. The Company’s gas has an average energy content of 1,365 British thermal unit and is produced from approximately 680 wells on more than 259,000 gross acres (252,000 net acres) covering over 375 square miles. The Company controls 100% of the wells, production equipment, gathering system and the Fain gas processing plant for the field.
The Raton Basin properties are located in the southeast portion of Colorado. The Company owns approximately 227,000 gross acres (201,000 net acres) in the center of the Raton Basin and produces CBM gas from the coal seams in the Vermejo and Raton formations from approximately 2,300 wells. The Company owns the majority of the well servicing and fracture stimulation e quipment that it utilizes in the Raton field, allowing it to! control ! costs and insure availability.
South Texas Eagle Ford Shale and Edwards
The Company’s drilling activities in the South Texas area during 2011 were primarily focused on delineation and development of Pioneer’s substantial acreage position in the Eagle Ford Shale play. The Company drilled 94 horizontal Eagle Ford Shale wells during 2011, with average lateral lengths of approximately 5,500 feet and 13-stage fracture stimulations. EFS Midstream LLC (EFS Midstream) is obligated to construct midstream assets in the Eagle Ford Shale area. Eight of the 12 planned central gathering plants (CGPs) were completed as of December 31, 2011.
During 2011, the Company continued to increase its acreage position in the liquid-rich Barnett Shale Combo area in North Texas. In total, the Company has accumulated approximately 92,000 gross acres in the liquid-rich area of the field and has acquired approximately 340 square miles o f three dimensional (3-D) seismic covering its acreage. The Company’s total lease holdings in the Barnett Shale play now approximate 142,000 gross acres (108,000 net acres). During 2011, the Company had two drilling rigs operating and drilled 44 Barnett Shale Combo wells. The Company also commenced operating a Company-owned fracture stimulation fleet in the area during the second quarter of 2011.
The Company owns a 70% working interest and is the operator of the Oooguruk development project. The Company has drilled 12 production wells and eight injection wells of the estimated 17 production and 16 injection wells planned to develop this project.
During 2011, the Company’s international operations were located in Tunisia and offshore South Africa. During February 2011, the Company completed the sale of the Company’s share holdings in Pioneer Tunisia to an unaffiliated third party.
- [By Ben Levisohn]
Earlier today, the S&P 500 looked like it would close at an all-time high. Then the bears roared, and S&P 500 gave back about half its gains despite big moves in United Health (UNH), Humana (HUM), Pioneer Natural Resources (PXD), ExxonMobil (XOM) and Regeneron (REGN).
- [By Ben Levisohn]
Shares of Cabot Oil & Gas have plunged 9.3% to $35.61 at 2:48 p.m. today, while Anadarko Petroleum (APC) has declined 0.7% to $82.63, Range Resources (RRC) has dropped 0.2.1% to $85.66 and Pioneer Natural Resources (PXD) has fallen 1.5% to $186.84.
Top 10 Energy Stocks To Invest In 2014: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
- [By Monica Gerson]
Vitran Corporation (NASDAQ: VTNC) announced today that it has entered into a definitive arrangement agreement with TransForce pursuant to which TransForce has agreed to acquire all of the outstanding common shares of Vitran not already owned by TransForce for US$6.50 in cash per share, in accordance with TransForce’s prior proposal. To read the full news, click here. ReneSola (NYSE: SOL) today announced it signed a Memorandum of Intent (MOI) to sell three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co on December 30, 2013. To read the full news, click here. Cooper Tire & Rubber Company (NYSE: CTB) today announced it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE). To read the full news, click here. RedHill Biopharma (NASDAQ: RDHL) today announced that it has entered into a definitive agreement with leading healthcare investor OrbiMed Israel Partners Limited Partnership, an affiliate of OrbiMed Advisors LLC, for the sale of RedHill’s American Depository Shares and warrants in a private placement transactionor a total sum of $6.0 million. To read the full news, click here.
Posted-In: Guggenheim US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets
- [By Aaron Levitt]
After years of cheap natural gas eating photovoltaic’s lunch, solar stocks are back with a vengeance. Already, we’ve seen better earnings from a host of hot solar stocks like First Solar (FSLR) and Canadian Solar (CSIQ). And now, its smaller solar stock ReneSola’s turn (SOL) … and SOL stock may just surprise investors.
- [By Laura Brodbeck]
Earnings Expected From: UTi Worldwide Inc. (NASDAQ: UTIW), Renesola Ltd. (NYSE: SOL), Royal Bank of Canada (NYSE: RY), Kroger Company (NYSE: KR), Dollar General Corporation (NYSE: DG), Diamond Foods, Inc. (NASDAQ: DMND) Economic Releases Expected: US factory orders, French unemployment rate, Bank of England interest rate decision, US GDP
- [By Rich Duprey]
Photovoltaic module and wafer manufacturer ReneSola (NYSE: SOL ) has been contracted to provide 7,200 250-watt high-efficiency polycrystalline solar PV modules for a project in Roswell, N.M.
Top 10 Energy Stocks To Invest In 2014: IHS Inc. (IHS)
IHS Inc. (IHS), incorporated on May 5, 1994, is a source of information and insight in areas, such as energy and power; design and supply chain; defense, risk, and security; environment, health and safety (EHS) and sustainability; country and industry forecasting, and commodities, pricing, and cost. The Company is organized by geographies into three business segments: Americas, which includes the United States, Canada, and Latin America; EMEA, which includes Europe, the Middle East, and Africa, and APAC (Asia Pacific). IHS sources data and transforms it into information and insight that businesses, Governments, and others use every day to make decisions. Its product development teams have also created Web services and application interfaces. These services allow its customers to integrate the Company’s information with other data, business processes and applications (computer-aided design, enterprise resource planning, supply chain management, and product data/lifecycle man agement). The Company develops its offerings based on its customers’ workflows, and it sells and delivers them into the industries in which IHS’s customers operate. As of November 30, 2011, HIS focused on five customer workflows: strategy, planning, and analysis; energy technical; product engineering; supply chain, and EHS & sustainability. As of November 30, 2011, it was focused on six verticals: energy and natural resources; Government, defense and security; chemicals; transportation; manufacturing, and technology, media, and telecommunications. In March 2012, the Company acquired Displaybank, a global authority in market research and consulting for the display industry; the Computer Assisted Product Selection (CAPSTM) electronic components database and tools business, including CAPS Expert, from PartMiner Worldwide, and the digital oil and gas pipeline and infrastructure information business from Hild Technology Services. In March 2012, the Company acquired IMS Research . In March 2012, the Company acquired BDW Automotive GmbH. I! n May 2012, it acquired Xedar Corporation, a developer and provider of geospatial information products and services. In July 2012, the Company acquired CyberRegs business from Citation Technologies, Inc. In July 2012, the Company acquired GlobalSpec, Inc. On April 16, 2011, IHS acquired ODS-Petrodata (Holdings) Ltd. ODS-Petrodata is a provider of data, information, and market intelligence to the offshore energy industry. On April 26, 2011, it acquired Dyadem International, Ltd. (Dyadem). Dyadem offers operational risk management and quality risk management solutions. On May 2, 2011, the Company acquired Chemical Market Associates, Inc. (CMAI). CMAI is a leading provider of market and business advisory services for the worldwide petrochemical, specialty chemicals, fertilizer, plastics, fibers, and chlor-alkali industries. On August 10, 2011, the Company acquired Seismic Micro-Technology (SMT). SMT offers Windows-based exploration and production software, and its solutions are used by geoscientists worldwide to evaluate potential reservoirs and plan field development. On November 10, 2011, it acquired Purvin & Gertz. Purvin & Gertz is a global advisory and market research firm that provides technical, commercial, and strategic a dvice to international clients in the petroleum refining, natural gas, natural gas liquids, crude oil and petrochemical industries. Energy and Power IHS covers the technical and economic spectrum of energy and power. Detailed records and forecasts on oil, gas and coal supplies, combined with insights on traditional and emerging energy markets, help enable its customers to make decisions. Its offerings include production information on more than 90 % of the world’s oil and gas production in more than 100 countries; oil and gas well data that includes geological information on more than four million current and historic wells worldwide; energy activity data that includes current and future seismic, drilling and development activities in more than 180 countries and 335 hydrocarbon-producing regions worldwide; information and research to develop unconventional hydrocarbon resources-shale gas, coal bed methane and heavy oil; knowledge of energy markets, strategies, industry trends, and companies; information and research summits, such as IHS CERAWeek and the IHS Herold Pacesetters Energy Conference, which offer decision makers the opportunity to interact with its experts, and critical information about analysis of coal, nuclear and renewables, including wind, solar, and hydro power. The Company competes with DrillingInfo, Inc., TGS-NOPEC Geophysical Company, Deloitte Touche Tohmatsu Limited, Accenture, Deloitte, Wood Mackenzie, Ltd., Schlumberger Limited, Halliburton, LMKR and Paradigm Ltd. Design and Supply Chain IHS Design and Supply Chain solutions provide information for customers that allow them to manage a product from conception to research and development to production, maintenance and disposal. It also provides companies access to specifications and standards. The Company’s offerings include market and technology research and analysis; standards management solutions, including more than 370 commercial and military standards and specification publishing organizations; advanced product design and process engineering; strategic product content and supply chain management; environmentally compliant product design; counterfeit part risk mitigation; product performance and cost optimization, and indirect parts and maintenance, repair, and operations logistics, inventory and cash flow optimization tables, including wind, solar, and hydro power. The Company competes with SAI Global and Thomson Reuters Corporation. Defense, Risk and Security IHS delivers open source intelligence in the areas of global defense, risk, and security, including maritime domain awareness. IHS offers open source intelligence solutions for military planners, national security analysts, and defense and maritime industry strategy and planning professionals. The Company’s offerings include military and national security assessments; defense equipment and technology information; defense budgets and procurement forecasting; defense industry trends and analysis; terrorism and insurgency analysis; global commercial ship identification and specifications; live tracking of commercial ship movements; shipping and shipbuilding markets and forecasts, and ports and port security information. The Company competes with McGraw-Hill, Gannett, Forecast International and Control Risks Group. EHS and Sustainability IHS EHS and Sustainability solutions support critical decisions around environmental, health and safety, operational risk, greenhouse gas and energy, product stewardship and corporate responsibility. The Company’s offerings include global and local software implementations; material compliance and lifecycle information content; strategic planning services in greenhouse gas management and cap-and-trade; compliance and verification expertise for local, regional, national, and international EHS and sustainability management system responsibilities, and risk management assessment across a range of industries. The Company competes with SAP and Verisk. Country and Industry Forecasting IHS delivers detailed forecasts and analysis of economic conditions within political, economic, legal, tax, operational, and security environments worldwide. Additionally, IHS provides forecasts, market-sizing, and risk assessments for a number of industries worldwide, including aerospace and defense, agriculture, automotive, chemicals, construction, consumer and retail, energy, finance, government, healthcare and pharmaceutical, military and security, mining and metals, commerce and transport, and telecommunications. Its offerings include in-depth analysis of the business conditions, economic prospects, and risks in more than 200 countries and more than 170 industries; security risk analysis and daily updates on both Foreign Direct Investment (FDI) and sovereign risk ratings in more than 200 countries; event-driven updates of its risk analysis and ratings; short-, medium- and long-term forecasts for business planning and decision making; historical information since 1970; De ep market intelligence for the automotive, agriculture, chemicals, construction, consumer goods, commerce and transport, energy, financial, healthcare and pharmaceutical, telecommunications, and steel industries; and scenario explorations examining alternative outcomes to the questions impacting global business. The Company competes with Economist Intelligence Unit and Moody’s Corporation. Commodities, Pricing and Cost IHS offers information, forecasts, and analysis to help its customers understand the how, when, and what of commodity prices and labor costs. IHS analysts monitor and forecast more than 1,300 global price, wage, and manufacturing costs across the regions for sectors, including energy products, chemicals, steel, nonferrous metals, industrial machinery and equipment, electronic components, paper and packaging, transportation, and building materials. Its offerings include analysis and forecasts for more than 1,300 global price, wage, and manufacturing costs; market intelligence of drivers, assumptions, and risks relating to commodity and service prices; cost and price data with actionable insights; forecasts covering global spot market prices, wages, and material costs; advisory forums to assist in monitoring, forecasting, and managing power and energy portfolio project costs, and consulting capabilities that enable clients to source materials. Advisors’ Opinion:
- [By Jake L’Ecuyer]
IHS (NYSE: IHS) reported an upbeat fourth-quarter profit.
IHS projects FY14 subscription revenue to rise 6% to 7%. The company projects total revenue of $2.17 to $2.23 billion and an adjusted profit of $5.50 to $5.85 per share. However, analysts projected a profit of $5.58 per share on revenue of $2.2 billion.
- [By Paul Ausick]
The dollar value of global merger & acquisition (M&A) transactions in the oil & gas industry plunged by nearly 50% in 2013 from a record high level in 2012. The transaction count fell by 20% led by a very sluggish first half of the year. The data was reported last Thursday by research firm IHS Inc. (NYSE: IHS).