Shares of oil stocks plunged again as the price of West Texas Intermediate wiped out nearly half of its late-January rebound. Sluggish demand growth and stubbornly high supply has had investors whipsawed for months.
In all the confusion, it is difficult not to look at the long-term picture and be positive on oil and shares of energy companies. The dramatic cut in the North American rig count has to eventually curtail supply. Even on more uncertain forecasts, China and India are both expected to grow their economies by nearly 7% this year with higher energy demand in tow.
So far, Mr. Market has made a fool of the long-term perspective. Oil prices have fallen consistently since mid-2014 and more investors throw in the towel every day. The argument is to buy when there’s blood in the streets — but that’s not so easy to do when you’re already bleeding.
Top Media Companies To Invest In Right Now: Noah Holdings Ltd.(NOAH)
Noah Holdings Limited, incorporated on June 29, 2007, is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population. With approximately 1,100 relationship managers in over 130 branch offices, its coverage network includes China’s regions where high net worth population is concentrated, including the Yangtze River Delta, the Pearl River Delta, the Bohai Rim and other regions.
The Company, through its coverage network, serves approximately three types of clients, including high net worth individuals, enterprises affiliated with high net worth individuals and wholesale clients. The Company’s product offerings consist primarily of ove r-the-counter (OTC) wealth management and OTC asset management products, mutual fund products and asset management plans originated in China and designed to cater to the needs of China’s high net worth population. It also offers wealth management and asset management products and services through its subsidiaries in Hong Kong.
Wealth Management Products
The Company markets, distributes or manages various categories of wealth management products based on the underlying asset classes, which include fixed income products, private equity fund products, secondary market equity fund products and other products. Fixed income products include asset management plans sponsored by mutual fund management companies or securities companies; real estate funds managed by the Company, and collateralized fixed income products sponsored by trust companies. Private equity fund products include investments in various private equity funds sponsored by domestic and intern ational asset/fund management firms; real estate funds and f! und of funds managed by the Company, and asset management plans sponsored by mutual fund management companies or securities companies, the underlying assets of which are portfolios of equity investments in unlisted private enterprises. Other products, including mutual fund products, insurance products, short-term financing products, online platform services to white-collar professionals clients, peer-to-peer lending for high net worth individuals through the Internet, and online payment and product information systems, which facilitate online payment services by transferring customer data to third-party online payment platforms.
Asset Management Products
The Company offers asset management products across various types of asset classes, including real estate funds and real estate funds of funds; private equity funds of funds; secondary market equity fund products, and other fixed income funds of funds. Its real estate funds and real estate funds of funds include funds and funds of funds for residential, as well as commercial real estate properties, such as office buildings and retail property in China and overseas; private equity funds of funds include investments in the domestic private equity funds in China, and other fixed income funds of funds include public equity funds, international funds, the United States dollar-denominated hedge funds, multi-strategy hedge funds, investment funds, core fund of funds and funds with various types of credit asset classes in China and overseas, as well as customized manager of manager services.
Internet Finance Services
The Company provides small short-term loans. In addition, it offers Cai Fu Pai, an Internet finance platform that provides financial products and services to white-collar professionals in China. Its Internet finance business serves high net worth individuals, white collar professionals and enterprise clients through a range of products an d services.
The Company competes with China Mer! chants Ba! nk, China Minsheng Bank, China Everbright Bank and PingAn Insurance.
- [By Monica Gerson]
Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top Media Companies To Invest In Right Now: Alon USA Energy, Inc.(ALJ)
Alon USA Energy, Inc. engages in refining and marketing petroleum products, primarily in the South Central, Southwestern, and Western regions of the United States. It operates in three segments: Refining and Marketing, Asphalt, and Retail. The Refining and Marketing segment operates sour crude oil refinery located in Big Spring, Texas; light sweet crude oil refinery located in Krotz Springs, Louisiana; and heavy crude oil refineries located in Paramount, Bakersfield and Long Beach, California with a crude oil throughput capacity of approximately 217,000 barrels per day. This segment refines crude oil into petroleum products, such as gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products. It also markets motor fuels to third-party distributors under the Alon brand; licenses Alon brand name; and provides payment card processing services, advertising programs, and lo yalty and other marketing programs to licensed locations. The Asphalt segment sells paving asphalt to road and materials manufacturers, and highway construction/maintenance contractors as ground tire rubber, polymer modified, or emulsion asphalt. The Retail segment operates convenience stores that offer various grades of gasoline, diesel fuel, food products and services, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and Alon brands. As of December 31, 2014, this segment operated 295 owned and leased convenience store sites primarily in Central and West Texas, and New Mexico. Alon USA Energy, Inc. was founded in 2000 and is based in Dallas, Texas.
- [By Tom Dorsey]
Over a several day period, I submitted questions and Mr. Eisman, President, Chief Executive Officer and Director of Alon USA Energy Inc. (ALJ) and the parent company of Alon USA Partners LP Inc. (ALDW) responded. He provided some key insights to some challenges the company faces, where the company is going, and the opportunities available in the future. This insight should provide investors with additional information to understand the value of the company and the opportunity as an investor in the company.
- [By Lisa Levin]
In trading on Monday, energy shares dipped by 0.70 percent. Meanwhile, top losers in the sector included TravelCenters of America LLC (NYSE: TA), down 18 percent, and Alon USA Energy, Inc. (NYSE: ALJ), down 8 percent.
- [By Manikandan Raman]
Additionally, Cheng also downgraded Delek US Holdings, Inc. (NYSE: DK) to Equal Weight from Overweight, while upgrading Alon USA Energy, Inc. (NYSE: ALJ) to Equal Weight from Underweight.
Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. The firm will consider investments in all industries globally, with a focus on financial services, infrastructure, and renewable energy. It seeks a board seat in its portfolio companies. The firm holds a controlling interest in its portfolio companies after they go public. It typically holds its investment for a period of five years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. Kohlberg Kravis Roberts & Co. was founded in 1976 and is based at New York, New York with additional offices across United States, Europe, Australia, and Asia.
- [By Monica Gerson]
KKR & Co. L.P. (NYSE: KKR) is projected to report a quarterly loss at $0.33 per share on revenue of $276.90 million.
Allison Transmission Holdings Inc (NYSE: ALSN) is estimated to post its quarterly earnings at $0.58 per share on revenue of $445.39 million.