Earnings season is here with us once again, with nearly 10% of S&P 500 companies having reported third-quarter 2021 earnings. According to FactSet data, 80% have reported actual EPS above estimates, with earnings coming in 14.7% above Wall Street estimates. No energy company has returned its Q3 2021 scorecard yet, but five are expected to […]
Read More(Bloomberg) — The global energy crisis is bleeding into the oil market. Brent crude surged as high as $85.10 a barrel on Friday, a price that would have seemed unthinkable just 18 months ago, when when Covid halted global mobility and trashed demand. An underlying recovery in consumption — driven by road-fuel, freight activity, and […]
Read MoreOil prices appear to have found much-needed support and holding above the psychologically important level of $80/barrel just days after a surprise crude build threatened to derail the bull camp. On Tuesday, the American Petroleum Institute (API) reported another week of large crude oil inventory build at 5.213 million barrels for the week ending October […]
Read MoreHaving a contrarian temperament generally means doing the opposite of what most people would do. It’s a mindset that I’ve found very useful as an investor, because while most people tend to flock to stocks that are at or near all-time highs, I’m able to find excellent long-term opportunities at much lower, bargain-level prices. It’s […]
Read MorePrices of fossil fuels around the globe are surging, leading some commodity pros to refer to the current condition as an “energy crisis” that could have far-reaching implications for American consumers. It also carries implications for energy policy as the U.S. — and the rest of the world — attempts to wean itself off crude […]
Read MorePart of taking a smart, value-based approach to investing in the stock market involves keeping track of information on industry and economic trends that are likely to have broad residual impacts on market activity. One of the sectors that I think has a broad carryover effect on multiple other sectors in the economy is Energy, […]
Read MoreRing Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2020, the company’s proved reserves consisted of approximately 76.5 million barrel of oil equivalent. It also had interests in 18,712 net developed acres and 6,650 […]
Read MorePart of taking a smart, value-based approach to investing in the stock market involves keeping track of information on industry and economic trends that are likely to have broad residual impacts on market activity. One of the sectors that I think has a broad carryover effect on multiple other sectors in the economy is Energy, […]
Read MoreIn the Energy sector, there are a lot of different industries to think about, with a wide range of types of businesses related to it. It’s easy to correlate Energy to crude oil, because that is the single commodity that most of the companies in the sector are tied to in one way or another; […]
Read MoreTransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in […]
Read MoreThe world is rapidly working on switching power sources from carbon-based fossil fuels to cleaner alternative energy sources in order to reduce climate change concerns. Renewable energy will play a crucial role in this energy transition. Here’s a closer look at how to invest in the renewable energy industry. Click the symbol below to add […]
Read MoreThe energy sector is a category of companies in the business related to the production and supply of energy. The energy sector covers the companies that explore, produce, refine, market, store, and transport oil and gas, coal, and other consumable fuels. Companies offering oil and gas equipment are also considered part of the energy sector. […]
Read MoreDifferent investors react in different ways to the price action that drives a stock from a low to high and back again. For growth investors, for example, a stock at or near historical highs usually means they’ll sit up and start trying to figure out how much further it could go up, while they discard […]
Read MoreSince the beginning of this year, the energy sector has rebounded strongly from the pandemic-driven pressures that had kept prices – particularly in crude oil – depressed throughout 2020. From a November 2020 low point at around $34, for example, West Texas Intermediate (WTI) crude more than doubled to an early July peak at around […]
Read MorePlus, Amazon was also hit with a record fine for violating the EU’s data protection rules, Chevron and Exxon both reported profits for the second straight quarter, and Robinhood closed down 8% after its market debut.
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