The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.
As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American financial system, similar to earlier in the decade when such measures were enforced. Additionally, this time around, they’ll have to contend....More>>>
KR Choksey has come out with its fourth quarter (Jan-March 18) earnings estimates for the Oil & Gas sector. The brokerage house expects Indian Oil to report net profit at Rs. 7758.1 crore up 108.5% year-on-year (down 1.6% quarter-on-quarter).
Net Sales are expected to increase by 27.5 percent Y-o-Y (up 15.6 percent Q-o-Q) to Rs. 1,27,913.9 crore, according to KR Choksey.
The Permian basin space is becoming overcrowded, resulting in a situation where survival and growth are increasingly difficult, according to Bernstein.
The Permian basin is a large oil-producing basin situated in the western part of Texas and the southeastern part of New Mexico, and comprises of several component basins, including the Midland and Delaware basins.
SunCoke Energy Partners (NYSE: SXCP) and AK Steel (NYSE:AKS) are both small-cap oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.
Crescent Point Energy Corp (NYSE:CPG) (TSE:CPG) – Equities research analysts at Cormark raised their FY2019 earnings per share (EPS) estimates for shares of Crescent Point Energy in a research note issued on Wednesday, June 20th. Cormark analyst A. Arif now expects that the oil and gas producer will post earnings of $0.44 per share for the year, up from their prior estimate of $0.43.
U.S. equities are drifting lower in trading on Wednesday, hurt by deepening fears that a trade war will be unleashed by President Donald Trump’s desire to put tariffs on steel and aluminum imports as well as go after China on intellectual property and trade deficit concerns.
Deepening the fallout was the resignation of “globalist” economic advisor Gary Cohn; creating the....More>>>
Athabasca Oil (TSE:ATH) had its price objective upped by Royal Bank of Canada from C$2.00 to C$2.50 in a report released on Thursday. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 30.89% from the company’s current price.
March 26, 2018: Markets opened higher Monday and following a mid-day dip seem bound for a solid gain on the day. The primary mover appears to have been reports that the United States and China are talking about how to dodge a global trade war. In company news, Facebook continues to get battered over its handling of personal information, but the rest of the tech sector was flying.
Venezuela is experiencing hard times; who would doubt that? There are an infinite number of articles about how bad it is in Venezuela, starving people, no basic medical essentials, people coming to Colombia to buy food, etc. I don't see a need to repeat it all here. What stands out in this flow o
Lowe's (NYSE:LOW) has found its next CEO in J.C. Penney (NYSE:JCP) boss Marvin R. Ellison. The hire, which goes into effect on July 2, closes a months-long search for a successor to Robert A. Niblock, who announced plans to retire in March.
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In late July, I published Volaris: Entering Bumpier Airspace. Since then, shares of Mexican discount carrier Volaris Aviation (NYSE:VLRS) are down 22%, falling from $19 to $14.80. It's time to take profits on that short position, if still involved, and consider switching to the bullish side of th