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Energy And Power: Oil ETFs Provide Hints At The Global Energy Market's Troubles
Tuesday, November 3, 2020 - 12:11pm | 1868Read More...The good news for oil investors is that the price of a barrel of oil has stabilized around the $35-$40 area, a far cry from the brief foray into negative territory in April. The bad news, well, everything else. Barring an unforeseen rally, 2020 will go down as the worst year for crude oil...
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NextEra Proposed Takeover To Duke Energy And Got Snubbed: WSJ
Wednesday, September 30, 2020 - 2:02am | 341Read More...NextEra Energy Inc (NYSE: NEE) is interested in acquiring Duke Energy Corp (NYSE: DUK), the Wall Street Journal reported Tuesday. What Happened: NextEra reportedly approached Duke with a takeover offer, but the latter rebuffed the move. NextEra’s market cap is close to $139...
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Khiron Launches Solar Panel Plant In Colombian Cannabis Facility
Tuesday, July 28, 2020 - 2:55pm | 258Read More...Khiron Life Sciences (OTC: KHRNF) has installed the first solar panel plant in Tolima, Colombia for a cannabis production complex. The company teamed up with ReFeel, a renewable energy company, on the initiative. The park counts 2,600 solar panels, delivering an annual...
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Is The Demand For Leveraged Oil Stock ETNs Here To Stay?
Tuesday, July 7, 2020 - 11:40am | 1067Read More...The MicroSectors™ U.S. Big Oil Index 3X Leveraged ETN (NYSE: NRGU) and MicroSectors™ U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: NRGD) were launched on April 9, 2019 as a way to gain daily resetting leveraged exposure to an equal-dollar weighted index of the 10 U.S. listed...
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BofA Upgrades Concho Resources, Cimarex Energy On Improving Oil Outlook
Monday, June 22, 2020 - 10:56am | 368Read More...The recent pullback in energy shares has moved some stocks into an “advantaged” position, with an improving oil price outlook over the next year, according to BofA Securities. BofA's Energy Sector Upgrades Doug Leggate upgraded Concho Resources Inc (NYSE: CXO) from Neutral...
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BP Faces $17.5B Q2 Hit, Expects Lower Oil Prices
Monday, June 15, 2020 - 7:14am | 385Read More...BP plc (NYSE: BP) is writing down $17.5 billion in assets in the second quarter and forecasting lower oil prices. The oil company said Monday that it has revised its long-term price predictions and is lowering them and extending the period covered to 2050. “These actions will lead to non-cash...
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BofA Upgrades Occidental, Downgrades Chevron
Tuesday, June 9, 2020 - 8:36am | 497Read More...BofA Securities considers oil stocks as "equities first, oil companies second." Weighing them on the basis of market, company-specific and commodity risks bodes well for some stocks, but not all. “We reset [price objectives] higher across the board for a second time...
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BP Cuts 10K Jobs As Coronavirus Hits Oil Demand
Monday, June 8, 2020 - 1:29pm | 346Read More...BP plc (NYSE: BP) is cutting 10,000 jobs following a global slump in demand for oil due to the coronavirus crisis, CEO Bernard Looney announced Monday. The pandemic drove the price of oil to less than $20 a barrel; it has since recovered to around $41 a barrel. Looney held a webcast to...
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3 Dividend ETFs With Way Too Much Energy Exposure
Wednesday, April 22, 2020 - 7:51am | 673Read More...Carnage in the oil patch isn't limited to energy stocks and dedicated crude exchange traded funds. Although energy's weight is rapidly dwindling in major equity benchmarks, oil's decline has wide-ranging implications for the broader economy and global equity markets. In the world of...
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The Past Few Weeks Show What Can Happen To Leveraged Products During Extreme Volatility
Monday, April 13, 2020 - 9:06am | 749Read More...We are in the midst of one of the most volatile periods in Wall Street history. To put this period into perspective, the CBOE Volatility Index, which, prior to this year hadn’t closed above 50 since March 2009, closed above 50 on 17 different trading days from March 9, 2020 to April 1,...
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The State of Oil Is Falling in Love With Solar Energy
Wednesday, April 8, 2020 - 11:25am | 874Read More..."Everything's bigger in Texas," as the saying goes. Texas generates most electricity in the U.S., and accounts for approximately 25% of the U.S. oil refining and natural gas industry. Texas is also on the verge of a renewables boom since it creates the most wind power in the...
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Oil And Shale Are In A Tough Spot
Tuesday, April 7, 2020 - 11:28am | 809Read More...The recent oil price war between Russia and Saudi Arabia has President Trump caught in tough spot. One the one hand, cheaper oil prices are good for consumers and industries that rely on oil to function. But the 17-year lows in oil is also hurting oil producing countries, of which the U.S. is one...
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How Diversification Within the Energy Industry Can Improve Returns for MLP Investors
Monday, March 9, 2020 - 1:30pm | 724Read More...Investors looking to take advantage of a turnaround in master limited partnerships (MLPs) may want to consider the effects that diversification can have on returns. Case in point, two of the major indexes that track MLPs: the Alerian MLP Index, considered the benchmark MLP index, and the Dorsey...
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3 Energy ETFs For Friday's Earnings Bonanza
Friday, January 31, 2020 - 8:42am | 621Read More...The downtrodden energy sector takes its turn on the earnings carousel in a big way with Dow components Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) delivering fourth-quarter results. The two largest U.S. oil companies by market value are both lower by more than 7% to start 2020 as oil has...
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This Day In Market History: Iranian Oil Workers Strike
Thursday, October 31, 2019 - 6:00am | 374Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Oct. 31, 1978, Iran’s oil workers organized a strike following failed negotiations over wages and political change. An energy crisis ensued. Where The Market Was The S&P...
