Platts reported last week that North Dakota oil production grew 74,000 bpd in October – the biggest monthly gain ever. The North Dakota Department of Mineral Resources cited the OPEC supply cut agreement and global economic growth as responsible for the rise. No doubt those were contributors. However, the biggest factor may be the additional 470,000 bpd of incremental Bakken shale exit capacity....More>>>
Related Banking Problems In The Cannabis Industry Are 'Somewhat Overblown In The Press' IAnthus CEO Talks About Raising Capital For U.S. Cannabis Companies In Canadian Markets And Marijuana Stocks To Watch
Earlier this month, cannabis-focused financing and advisory firm....More>>>
November 18, 2016: Markets opened higher Friday but the good vibe did not last. The energy sector posted the best gain while the healthcare sector fared worst. As we head into the holiday week, and especially the Black Friday shopping holiday, we’ll be keeping an eye on the success or lack of it in the retail sector. WTI crude oil for December delivery settled at $45.69 a barrel, up 0.6% for....More>>>
President Donald Trump has blocked Broadcom’s $117 billion bid for Qualcomm, citing national security concerns. The United States is particularly worried that the takeover could boost China’s influence in 5G technology. We asked foreign investment and technology research experts to share their thoughts on the decision.
Michael Block: Stifling progress is wrong
Celgene (CELG) is back to 2014 levels, closing Friday at $96.14. It first reached this price in August 2014. Yet I just want to sit with it. Even with CELG down to safer valuations, among non-dividend-paying biotechs, I currently prefer Regeneron (REGN) at $333 and Vertex (VRTX) at $161. These companies mostly do internal product development rather than lots of M&A activity....More>>>
Dr. Kent Moors
As the market price for crude oil again flirts with $50 a barrel in New York and $53 in London, there’s a much more important oil price bellwether that’s being ignored.
It’s crucial to predicting where oil prices are headed.
Whenever this number is high, oil prices tend to surge.
And it’s not been this high in two years…
Image source: Getty Images.
In some ways, 2016 was the best of times and the worst of times for M&A in the oil patch. On the downside, the sector saw two notable deals fall apart (Energy Transfer-Williams Companies and Halliburton-Baker Hughes), and it lacked a headline-grabbing megamerger such asRoyal Dutch Shell’s 2015 decision to pay $53 billion for BG Group.
This article is reprinted by permission from NextAvenue.org.
Gary Burnison knows a thing or two about the process of a job search.
Burnison is the CEO of Korn Ferry, the worlds largest executive recruiting firm, which claims to place one professional in a job every three minutes.
He just wrote a book distilling his best advice for job hunters bluntly. InLose the Resum茅,....More>>>
In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox (Pending:DBX), a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after, on February 28, Spotify (Pending:SPOT), positioning itself as the music streaming analog to Netflix (NASDAQ:NFLX),....More>>>
U.S. equities mostly finished lower on Thursday as the bulls cooled their heels after a multi-day push to new record highs. Hopes for a bipartisan deal on taxes dimmed slightly after President Donald Trump and Congressional Democrats differed on whether border wall funding would be part of the agreement.
In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 lost 0.1%,....More>>>