Tag Archives: RIG

Best Oil Stocks To Own Right Now

PetroChina (NYSE: PTR), the Chinese state oil company, presented to Peruvian hydrocarbons licensing authority Perupetro on May 20, 2017, a development plan of Block 58, which is located in the Amazon jungle in the southern Cusco region of Peru (see Fig. 1 below).

According to the plan, PetroChina is to invest $2 billion in the block over the next six years to drill 60 wells, which will start....More>>>

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The Trump administration is a drag on marijuana stocks.

Pot stocks have been getting killed since last week, when the White House signaled it would get tough on marijuana.

The share price for Innovative Industrial Properties (IIPR), which buys buildings and leases them to growers of medical marijuana, has dropped every trading day since then, a total of nearly 8%.

That....More>>>

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Malaysia’s stock benchmark slid for a fourth day, erasing its advance for 2018, after the government said national debt was higher than previously disclosed due to some masking of accounts by the previous administration.

The FTSE Bursa Malaysia KLCI Index fell 1.4 percent to 1,778.41, the lowest since Dec. 27, as of 10:33 a.m. in Kuala Lumpur. It had slumped as much as 2 percent. The....More>>>

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The average U.S. price for a gallon of regular gasoline rose by 5 cents last week to start the new week at $2.76 according to the latest data from GasBuddy.com. Month over month the price is up more than 15 cents a gallon and is nearly 33 cents a gallon higher year over year. Last month the national average was $2.602 while the year-ago average was $2.426.

Only one among the 50 states saw....More>>>

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What’s Next: How Google’s China investment explains the future: Google’s $550 million investment in Chinese e-commerce firm JD.com, which will enable both companies to sell goods online across Southeast Asia, the United States and Europe, tells you three things about where we’re headed:

Sign up for PACIFIC: The new CNNMoney newsletter about the center of change and....More>>>

Best Oil Stocks To Own Right Now

Continental Resources (NYSE:CLR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The brokerage currently has a $75.00 price objective on the oil and natural gas company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 23.38% from the company’s current....More>>>

Hot Penny Stocks To Invest In Right Now

Penny stocks are a great opportunity for investors seeking soaring returns without having to empty the bank. That’s why we’re giving you our picks for our three top penny stocks to watch right now.

You see, buying penny stocks gives investors the chance to control a large amount of shares with very little investment. This gives investors with limited capital the opportunity....More>>>

Top 10 Oil Stocks For 2018

Shares of oil stocks plunged again as the price of West Texas Intermediate wiped out nearly half of its late-January rebound. Sluggish demand growth and stubbornly high supply has had investors whipsawed for months.

In all the confusion, it is difficult not to look at the long-term picture and be positive on oil and shares of energy companies. The dramatic cut in the North American rig....More>>>

Hot Oil Stocks To Own Right Now

Goldman Sachs Group Inc. and HSBC Holdings Plc are advising Abu Dhabi’s government-owned oil company on the possible sale of a stake in its $20 billion refining unit, according to people with knowledge of the matter.

Abu Dhabi National Oil Co. is reviewing offers from potential partners who could buy as much as 40 percent of its refining business, said the people, who asked not to....More>>>

Top Oil Stocks To Own Right Now

JPMorgan analyst C. Stephen Tusa and team take a look at valuations among industrial stocks, including General Electric (GE), Honeywell International (HON), Ingersoll-Rand (IR), United Technologies (UTX), andDanaher (DHR), and find that the sector is “too expensive.” They explain:

Agence France-Presse/Getty Images

We enter the stretch run on ’16 in a different mindset....More>>>