The allure of the largest U.S. technology companies is understandable given significant returns last year, but their sheer size is the reason for their eventual downfall and long-term stock underperformance, according to Rob Arnott, founder of Research Affiliates.
There’s an incredible amount of crude oil is gushing out of the Permian Basin — almost 2.5 million barrels a day. And that’s just one from spot. Overall U.S. oil production has just topped 10 million barrels per day for the first time since 1970.
That means pipelines are equally busy carrying all that raw crude into these refineries....More>>>
This is a company that has taken its time getting the infrastructure just right, the wells optimized, and the returns out of sight. So when the management of Ring Energy (REI) finally increased the drilling rate, the cash flow increased to over $7 million in the first quarter before changes in the working capital accounts. Overall, the GAAP measure, cash flow from operations, topped $11 million....More>>>
As expected, OPEC and non-OPEC extended oil production cuts until December 2018 with adjustment possible during the June 2018 meeting. Major offshore drillers — including Transocean (RIG), Diamond Offshore Drilling (DO), Rowan (RDC), Ensco (ESV) and Noble Corp. (NE) — rallied on the news. Here are my views on whether this rally has chances to continue.
Related GLD How Overpriced Is Gold Right Now? Asian Markets, Led By Japan's Nikkei Index, Surge Higher As Europe Follows Suit After Calling The Bottom, Here's What I See Happening Next With Oil And Gold (Seeking Alpha)
Related GGG Benzinga's Top Downgrades Benzinga's Top Upgrades ....More>>>
Today we are going to compare the two largest U.S. integrated oil companies: Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). Both companies have global production profiles, significant lower-48 shale assets, as well as midstream and downstream operations in chemicals and refining. Both companies also have significant LNG operations.
The following chart compares some relevant valuation metrics....More>>>
Chesapeake Energy (CHK) is usually viewed as a natural-gas play, but Citigroup’s Robert Morris and David Zutter contend that Chesapeake is “determined to disprove [the] perception” that it can’t meet oil production targets. They explain:
WhileChesapeake has historically been viewed as a more natural gas-focused E&P that has often missed on....More>>>
August 28, 2017: Markets opened higher for the third straight day Monday, but gains were offset in short order on both the S&P 500 and the DJIA. There was no major economic news Monday and no earnings of note. Two large biotech mergers kept the Nasdaq Composite rocking higher. Healthcare and tech posted the largest sector gains will financials and tech stocks lagged. WTI crude oil for October....More>>>
Preet Bharara is known for his fierce pursuit of insider trading and corruption cases. Now, he’s out.
On Friday, Bharara was one of 46 U.S. attorneys asked to resign by President Trump. That was a standard move for a new president. But Trump, during his transition, had asked Bharara to stay on. After Bharara refused to resign, he was fired by Trump on Saturday.
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>>>
Welcome to the latest issue of the PRO Weekly Digest. Every Saturday for Seeking Alpha PRO subscribers and Sunday for all other Seeking Alpha users, we publish highlights from our PRO coverage as well as feature interviews and other notable goings-on with SA PRO. Comment below or email us at
Buying and holding quality stocks for long periods of time is the only strategy that's proven to produce life-changing returns on capital on a consistent basis. Even so, it can be tricky to identify which stocks can truly stand the test of time.