The stock market once again proved its resilience on Thursday, managing to mount a substantial comeback from large declines earlier in the day. The Nasdaq Composite (NASDAQINDEX:^IXIC) even managed to post a modest gain by the end of the trading session, and although the S&P 500 (SNPINDEX:^GSPC) and Dow Jones Industrial Average (DJINDICES:^DJI) finished lower, they were well off their worst levels by the close.
Index
Percentage Change
Point Change
Dow
(0.18%)
(63)
S&P 500
(0.16%)
(7)
Nasdaq
+0.13%
+20
Data source: Yahoo! Finance.
The electric vehicle industry has been a hotbed of activity, with investors remaining highly interested in the wrangling among many players. One potential positive for the EV industry has been the prospect for greater federal tax incentives for renewable energy under the Biden administration. Yet even though EV pioneer Tesla (NASDAQ:TSLA) would benefit from current proposals in Washington, that hasn’t stopped CEO Elon Musk from joining leaders at Toyota (NYSE:TM) and Honda (NYSE:HMC) to cry foul at the provisions.
Top 10 Energy Stocks To Own Right Now: Carrizo Oil & Gas, Inc.(CRZO)
Carrizo Oil & Gas, Inc. is a Houston-based energy company which, together with its subsidiaries (collectively, “Carrizo,” the “Company” or “we”), is actively engaged in the exploration, development, and production of oil and gas primarily from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Company achieved record total production in 2015 of 13.4 MMBoe, a 12% increase from 2014, despite significantly lower capital expenditures in 2015 when compared to 2014. At year-end 2015, our proved reserves of 170.6 MMBoe were 64% crude oil, 12% natural gas liquids and 24% natural gas. Our reserves increased primarily as a result of our ongoing drilling program in the Eagle Ford. Advisors’ Opinion:
- [By Stephan Byrd]
Carrizo Oil & Gas (NASDAQ:CRZO)’s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a report issued on Tuesday. They currently have a $25.00 price objective on the oil and gas producer’s stock. Northland Securities’ price target would suggest a potential upside of 109.21% from the company’s previous close.
- [By Max Byerly]
BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a buy rating in a report published on Wednesday morning.
Several other research firms have also commented on CRZO. Royal Bank of Canada reissued a buy rating and set a $29.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, July 26th. Stifel Nicolaus cut their price objective on shares of Carrizo Oil & Gas from $44.00 to $34.00 and set a buy rating on the stock in a report on Thursday, June 28th. Jefferies Financial Group restated a hold rating and set a $27.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, July 18th. Finally, Williams Capital restated a buy rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $29.58.
Top 10 Energy Stocks To Own Right Now: Resolute Energy Corporation(REN )
Resolute Energy Corporation, incorporated on July 28, 2009, is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties), and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties). As of December 31, 2014, its oil sales comprised approximately 89% of revenue, and its estimated net proved reserves were approximately 74.2 million barrels of oil equivalent, of which approximately 56% and 45% were proved developed reserves and proved developed producing reserves (PDP), respectively. Approximately 86% of its estimated net proved reserves were oil and approximately 92% were oil and natural gas liquids (NGL). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Collectively called the Aneth Gas Processing Plant, the facility consists of an active gas compression operation operated by it and a dismantled gas processing facility.
Aneth Field Properties
Aneth Field, an oil field in southeast Utah, holds 73% of the Company’s net proved reserves as of December 31, 2014, and accounted for 49% of its production during 2014, averaging 6,287 equivalent barrels of oil per day, of which 98% was oil. The Company owns working interests in, and is the operator of, three federal production units covering approximately 43,000 gross acres, which constitute the Aneth Field Properties. These are the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit, in which the Company owns working interests of 62%, 67.5% and 59%, respectively, as of December 31, 2014. The Company had interests in and operated 388 gross (246 net) producing wells and 333 gross (210 net) active water and carbon dioxide injection wells. Aneth Field covers a single geologic structure with production coming from the Pennsylvanian age Desert Creek formation.
Within Aneth Field, as of December 31, 2014, the Company had estimated net proved reserves of 30.3 million barrels of oil equivalent. Of these reserves, 27.6 million barrels of oil equivalent are attributable to recoveries associated with expansions, extensions and processing of the tertiary recovery carbon dioxide floods. Within the Ratherford Unit, the Company has two carbon dioxide flood projects, one targeting both the Desert Creek I and II zones and a second targeting primarily the Desert Creek I zone. Carbon dioxide is available from McElmo Dome, the carbon dioxide source in the United States. Aneth Field is connected directly to McElmo Dome through a 28 mile pipeline that the Company operates and in which the Company owns a 68% interest.
Oil production from its Aneth Field is characterized as a light and sweet crude oil. The field is connected by pipeline to a refinery located near Gallup, New Mexico that is owned and operated by Western Refining Southwest, Inc., a subsidiary of Western Refining Inc. (Western). On December 31, 2014, the Company entered into an amendment to the purchase agreement with Western. There are two types of gas production in Aneth Field, saleable gas and gas that is contaminated by Carbon dioxide. The contaminated gas stream, which is rich in valuable NGL and gas, is compressed and re-injected into the reservoir.
Permian Properties
As of December 31, 2014, the Company had interests in 36,500 gross (25,000 net) acres in the Permian Basin of Texas and southeast New Mexico. Its position is divided between three principal project areas: the Delaware Basin project area in Reeves County, the Midland Basin project area in Howard, Martin, Midland and Ector counties and the Northwest Shelf project area located in the Denton, Gladiola and Knowles fields in the Northwest Shelf area in Lea County, New Mexico. Approximately 14.1 million barrels of oil equivalent of proved reserves are associated with these assets as of December 31, 2014. During 2014, the Company completed 15 gross (7.9 net) wells in the Permian Properties and had 234 gross (197 net) producing wells. As of December 31, 2014, the Company was in the process of drilling one gross (0.7 net) well and had two gross (1.2 net) wells awaiting completion operations. During 2014, average net daily production from the Permian Properties was 4,656 barrel of oil equivalent and was 80% liquids. In January and February 2015, the Company completed three horizontal wells.
The Delaware Basin project area includes approximately 21,200 gross (13,200 net) acres. The primary objective in this area is the Wolfcamp formation. Within the Wolfcamp formation, the Company has focused primarily on the Wolfcamp A and B subzones. Within its project area, other operators are also developing the Wolfcamp C and D subzones, as well as the third Bone Spring formation. Based on drilling activity to date, approximately 40% of the acreage is held by production. Approximately 5.4 million barrels of oil equivalent of proved reserves are associated with these assets as of December 31, 2014. The Midland Basin project area includes approximately 10,000 gross (7,800 net) acres. Approximately 7.2 million barrels of oil equivalent of proved reserves were associated with these assets as of December 31, 2014. Within this inventory, 114 wells are located in its core operated Gardendale area in Midland and Ector counties based on 80- to 120-acre spacing and three zones. Its acreage in this area is held by production. In Gardendale the Company has primarily focused on the Wolfcamp B subzone. Other operators in the area are developing the lower and middle Spraberry, as well as the Wolfcamp A and C subzones.
The Company owns assets in Lea County, New Mexico, in Denton, Gladiola and South Knowles fields, which are conventional oil fields that produce from fractured carbonate reservoirs and cover 4,700 gross acres in which the Company holds an approximate 85% working interest, all held by production. Its interest in Denton Field consists of 2,900 gross acres, all of which are held by production. Approximately 1.0 million barrels of oil equivalent of proved reserves are associated with its Denton Field interests. The Company is the operator of the Lea County assets.
Wyoming Properties
Hilight Field is located in the Powder River Basin in Campbell County, Wyoming, and consists of the Central Hilight Unit, the Grady Unit and the Jayson Unit. The Company has a 98.5% working interest in the Central Hilight Unit, an 82.5% working interest in the Grady Unit and an 82.7% working interest in the Jayson Unit. The Central Hilight, Grady and Jayson units and adjacent leasehold cover an area of almost 51,600 gross (47,400 net) acres. As of December 31, 2014, there were 151 gross (143.5 net) producing vertical wells and six gross (5.6 net) horizontal wells. Gross cumulative production through December 31, 2014, from its three operated units was 68.4 million barrels of oil and 168 billion cubic feet of gas. During 2014, production from Hilight Field averaged 1,770 barrels of oil equivalent per day and was 29% oil. The Company drilled two additional wells in the Turner formation. In the Big Horn Basin, the Company owns leases covering approximately 34,700 net acres.
Advisors’ Opinion:
- [By Ethan Ryder]
Ren (CURRENCY:REN) traded down 0.8% against the dollar during the twenty-four hour period ending at 21:00 PM ET on March 8th. During the last seven days, Ren has traded up 16.7% against the dollar. One Ren token can currently be purchased for approximately $0.0201 or 0.00000514 BTC on popular exchanges including Tidex, Huobi Global, Kyber Network and UEX. Ren has a market capitalization of $12.72 million and $942,098.00 worth of Ren was traded on exchanges in the last 24 hours.
- [By Ethan Ryder]
Shares of Resolute Energy Corp (NYSE:REN) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.17.
- [By Max Byerly]
Get a free copy of the Zacks research report on Resolute Energy (REN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Republic Protocol (CURRENCY:REN) traded up 8.3% against the dollar during the twenty-four hour period ending at 21:00 PM ET on September 4th. One Republic Protocol token can now be bought for $0.0353 or 0.00000479 BTC on major exchanges including IDEX, BitForex, DDEX and HADAX. Republic Protocol has a total market capitalization of $20.61 million and $455,859.00 worth of Republic Protocol was traded on exchanges in the last day. During the last seven days, Republic Protocol has traded up 43.1% against the dollar.
Top 10 Energy Stocks To Own Right Now: PetroChina Company Limited(PTR)
PetroChina Company Limited, incorporated on November 5, 1999, is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company is engaged in the exploration, development, production and sale of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sale of basic and derivative chemical products, and other chemical products; the marketing and trading of refined products, the transmission of natural gas, crude oil and refined products, and the sale of natural gas.
Exploration and Production
The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas. The total area to which the Company has the exploration and mining right of oil and natural gas (including coalbed methane) is approximately 358.1 million acres, in which the area under exploration right is approximately 329.8 million acres and the area under mining right is over 28.3 million acres. The net number of wells under drilling is approximately 380. The Company produces approximately 8,520 million barrels of proved reserves of crude oil, over 77,520 billion cubic feet of proved reserves of natural gas, approximately 6,190 million barrels of proved developed reserves of crude oil and over 40,400 billion cubic feet of proved developed reserves of natural gas.
Refining and Chemicals
The Company’s Refining and Chemicals segment is engaged in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, and derivative petrochemical products and other chemical products. The Company has processed approximately 998.1 million barrels of crude oil.
Marketing
The Company’s Marketing segment is engaged in the marketing of refined products and trading business. The total number of service stations operated by the Company is approximately 20,710.
Natural Gas and Pipeline
The Company’s Natural Gas and Pipeline segment is engaged in the transmission of natural gas, crude oil and refined products and the sale of natural gas. The Company’s domestic oil and gas pipelines measured a total length of approximately 77,610 kilometers, consisting of over 48,620 kilometers of natural gas pipelines, approximately 18,890 kilometers of crude oil pipelines and over 10,090 kilometers of refined product pipelines.
Advisors’ Opinion:
- [By Matthew DiLallo]
The project has been in the works for seven years but was put on hold when oil and LNG prices plunged during the recent energy market downturn. However, with those markets improving and demand for LNG growing at a brisk pace, Shell and its partners are moving forward with the project. PetroChina (NYSE: PTR), China’s largest natural gas producer, recently approved investing $3.46 billion for its 15% share of the project, following a similar approval from Korea Gas Corp. for its 5% stake. Meanwhile, Shell (40%), Malaysia’s Petronas (25%), and Japan’s Mitsubishi Corp. (15%) appear set to announce their approvals this week, according to Bloomberg. That would enable them to start construction on the project next year, putting them on track to complete the first phase by 2023.
- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap
1 ExxonMobil $348 billion
2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion
3 Chevron (NYSE:CVX) $223 billion
4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion
5 Total SA (NYSE:TOT) $163 billion
6 BP Plc (NYSE:BP) $143 billion
7 China Petroleum (NYSE:SNP) $107 billion
8 Equinor ASA (NYSE:EQNR) $89 billion
9 ConocoPhillips (NYSE:COP) $84 billion
10 Schlumberger Ltd. (NYSE:SLB) $84 billion
Data source: Yahoo! Finance on Sept. 13, 2018.
- [By Max Byerly]
Gabelli Funds LLC lessened its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 34.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in PetroChina were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Top 10 Energy Stocks To Own Right Now: EMCORE Corporation(EMKR)
EMCORE Corporation, together with its subsidiaries, provides compound semiconductor-based products for the broadband, fiber optics, satellite, and solar power markets. The company operates in two segments, Fiber Optics and Photovoltaics. The Fiber Optics segment offers broadband products, including cable television, fiber-to-the-premises, satellite communication, video transport, and defense and homeland security products; and digital products comprising telecom optical, enterprise, laser/photodetector component, parallel optical transceiver and cable, and fiber channel transceiver products. This segment?s products enable information that is encoded on light signals to be transmitted, routed, and received in communication systems and networks. The Photovoltaics segment provides gallium arsenide (GaAs) multi-junction solar cells, covered interconnected cells, and solar panels for satellite applications; and concentrating photovoltaic (CPV) power systems for commercial and utility scale solar applications, as well as GaAs solar cells and integrated CPV components for use in other solar power concentrator systems. The company markets its products through its direct sales force, external sales representatives and distributors, and application engineers worldwide. EMCORE Corporation was founded in 1984 and is headquartered in Albuquerque, New Mexico.
Advisors’ Opinion:
- [By Ethan Ryder]
EMCORE Co. (NASDAQ:EMKR) traded up 8% during mid-day trading on Monday . The stock traded as high as $5.10 and last traded at $5.26. 11,341 shares changed hands during trading, a decline of 95% from the average session volume of 216,974 shares. The stock had previously closed at $4.87.
- [By Stephan Byrd]
EMCORE Co. (NASDAQ:EMKR) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.00.
Top 10 Energy Stocks To Own Right Now: Core Laboratories N.V.(CLB)
Core Laboratories N.V., incorporated on July 8, 1994, is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company’s services and products are directed toward enabling the Company’s clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company has over 70 offices in over 50 countries. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. These segments provide different services and products and utilize different technologies for improving reservoir performance, and increasing oil and gas recovery from new and existing fields. The Company offers its services through its global network of offices. The Company manufactures products primarily in over four facilities for distribution on a global basis.
Reservoir Description
The Company’s Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. The Company provides services that characterize the porous reservoir rock and over three reservoir fluids. Services relating to these fluids include determining quality and measuring quantity of the fluids and their derived products. This includes determining the value of different crude oil and natural gases by analyzing the individual components of complex hydrocarbons. These data sets are used by oil companies to determine the efficient method by which to recover, process and refine these hydrocarbons to produce the value added to crude oil and natural gas.
The Company analyzes samples of reservoir rocks for their porosity, which determines reservoir storage capacity, and for their permeability, which defines the ability of the fluids to flow through the rock. These measurements are used to determine how much oil and gas are present in a reservoir and the rates at which the oil and gas can be produced. The Company also uses its services and technologies to correlate the reservoir description data to wireline logs and seismic data by determining the different acoustic velocities of reservoir rocks containing water, oil and natural gas. These measurements are used in conjunction with the Company’s reservoir management services to develop programs to produce oil and gas from the reservoir.
Production Enhancement
The Company’s Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations and production. The Company provides integrated services to evaluate the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects. The Company provides diagnostic services and products to help optimize completion and reservoir operations, and field development strategies in order to increase recoverable reserves. The Company provides services that are used by others to develop and optimize hydraulic fracturing and field flood projects. The Company’s data on rock type and strength are critical for determining the proper design of the hydraulic fracturing job. In addition, the Company’s testing indicates whether the fluid slurry is compatible with the reservoir rock so that damage does not occur that would restrict production. The Company also provides testing of various propping agents and software to help pick the best proppant based on net present value calculations of client investments. The Company’s ZERO WASH tracer technology is used to determine that the proppant material is properly placed in the fracture.
SPECTRACHEM is the Company’s technology, which is developed for optimizing hydraulic fracture performance. SPECTRACHEM is used to aid operators in determining the efficiency of the fracture fluids used. SPECTRACHEM tracers allow operators to evaluate the quantity of fracture fluid that returns to the wellbore during the clean-up period after a hydraulic fracturing event. This technology also allows the Company’s clients to evaluate load recovery, gas breakthrough, fluid leak-off and breaker efficiency, all of which are factors for optimizing oil and/or natural gas production after the formation is hydraulically fractured. The SPECTRACHEM Plus service determines the effectiveness and efficiency of the hydraulic fracture stimulation of long multi-stage horizontal wells in oil- and gas-shale plays throughout North America.
The Company’s completion monitoring system, COMPLETION PROFILER, helps to determine flow rates from reservoir zones after they have been hydraulically fractured. The Company’s FLOWPROFILER service, a hydrocarbon-based tracer technology, which is a further development of the Company’s patented SPECTRACHEM technology, quantifies the hydrocarbon production from discrete segments in multi-stage horizontal well completions and stimulations in unconventional tight-oil or gas plays. The Company has tracers used for oil reservoirs, which are different from the Company’s tracers used for gas reservoirs. FLOWPROFILER technology employs a hydrocarbon-soluble tracer and water-soluble tracer introduced into specific and isolated stages via the stimulating proppant stream.
The Company conducts dynamic flow tests of the reservoir fluids through the reservoir rock, at actual reservoir pressure and temperature, to realistically simulate the actual flooding of a producing zone. The Company uses technologies, such as its Saturation Monitoring by the Attenuation of X-rays (SMAX), to help design the enhanced recovery project. After a field flood is initiated, the Company is involved in monitoring the progress of the flood. The Company’s PACKSCAN technology is used as a tool to evaluate gravel pack effectiveness in an unconsolidated reservoir. PACKSCAN measures the density changes in the area around the tool and is designed to observe the changes within the gravel pack annulus to verify the completeness of the gravel pack protection of the wellbore without any additional rig time.
The Company’s High Efficiency Reservoir Optimization (HERO), SUPERHERO and SUPERHERO Plus perforating systems enhance reservoir performance. The SUPERHERO and SUPERHERO Plus perforating systems complement the Company’s HERO line, and are designed to optimize wellbore completions and stimulation programs in oil- and gas-shale reservoirs. SUPERHERO and SUPERHERO Plus charges can eliminate the ineffective perforations that would otherwise limit daily oil and natural gas production and hinder the optimal fracture stimulation programs needed for prolific production from the Bakken, Eagle Ford, Marcellus, Niobrara and similar oil- and gas-shale formations.
The Company’s Horizontal Time-Delayed Ballistics Actuated Sequential Transfer (HTD-BLAST) perforating system is a technology useful for the perforation of extended-reach horizontal completions in the Bakken, Eagle Ford, and other shale formations. The HTD-BLAST perforating system can be deployed via coiled tubing and enables over 10 perforating events, beginning at the farthest reaches, or toe regions, of extended-reach horizontal wells, or over 30 perforating events in vertical wellbores. The Company also offers KODIAK Enhanced Perforating Systems energetic technology. The Company’s X-SPAN and GTX-SPAN casing patches are supported by the Company’s technical services personnel. These systems are capable of performing in high pressure oil and gas environments, and are used to seal non-productive reservoir zones from the producing wellbore.
Reservoir Management
The Company’s Reservoir Management segment combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from the Company’s clients’ reservoirs. The Company is involved in various large-scale reservoir management projects. It also develops and provides industry consortium studies to provide critical reservoir information to a spectrum of clients, such as the Company’s multi-client, basin-wide reservoir optimization projects conducted in North America and international settings. Many of these studies examine unconventional reservoirs. The Company engineers and manufactures permanent real-time reservoir monitoring equipment that is installed in the reservoir for the Company’s oil and gas company clients. The Company’s non-electronic ERD Pressure and Temperature sensors provide real-time data, which is used by drilling engineers to make real-time decisions, production engineers to optimize production, and reservoir engineers to prove up models and obtain a picture of the reservoir over time.
Advisors’ Opinion:
- [By Joseph Griffin]
COPYRIGHT VIOLATION WARNING: “Core Laboratories (CLB) Shares Sold by Eagle Asset Management Inc.” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at www.tickerreport.com/banking-finance/4197965/core-laboratories-clb-shares-sold-by-eagle-asset-management-inc.html.
- [By Travis Hoium, Jason Hall, and Matthew DiLallo]
Three of our Foolish contributors put their heads together to outline what the best oil stocks are today given the market’s trends, and Core Laboratories (NYSE:CLB), Anadarko Petroleum (NYSE:APC), and Ensco (NYSE:ESV) bubbled to the top. They’re well positioned in the market and may even provide a great value for long-term investors.
- [By Stephan Byrd]
TRADEMARK VIOLATION NOTICE: “Core Laboratories (CLB) Position Increased by Arizona State Retirement System” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at www.tickerreport.com/banking-finance/4153048/core-laboratories-clb-position-increased-by-arizona-state-retirement-system.html.
- [By Matthew DiLallo]
Crude could continue to be volatile in the coming months as the market self-corrects. However, in the view of oil reservoir specialist Core Labs (NYSE:CLB), the oil market appears poised to bounce back during the second half of 2019. CEO David Demshur offered three reasons on his company’s fourth-quarter conference call he believes that will be the case.
Top 10 Energy Stocks To Own Right Now: Williams Partners L.P.(WPZ)
Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The Gas Pipeline segment owns and operates approximately 13,900 miles of pipelines with annual throughput of approximately 2,700 trillion British thermal units of natural gas and delivery capacity of approximately 13 million dekatherms of gas. This segment also owns interests in joint venture interstate and intrastate natural gas pipeline systems. The Midstream Gas and Liquids segment includes natural gas gathering, processing, and treating facilities; and crude oil gathering and transportation facilities that serve the producing basins in Colorado, New Mexico, Wyoming, the Gulf of Mexico, and Pennsylvania. Williams Partners GP LLC serves as the general partner of the company. Williams Partners L.P . was founded in 2005 and is based in Tulsa, Oklahoma.
Advisors’ Opinion:
- [By Tyler Crowe, Jason Hall, and Matthew DiLallo]
Matt DiLallo (Williams Companies): This natural gas pipeline giant has had a slow start in 2018. Through the first half of the year, cash flow at the company’s MLP Williams Partners (NYSE:WPZ) has only increased by about 2%, due mainly to recent asset sales. However, with a major expansion project coming on line, cash flow growth should accelerate in the second half of the year. That project and others in the pipeline have the company on track to grow cash flow 9% in 2018 and another 13% next year.
- [By Matthew DiLallo]
Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.
Top 10 Energy Stocks To Own Right Now: Ballard Power Systems, Inc.(BLDP)
Ballard Power Systems Inc. (Ballard), incorporated on November 12, 2008, is engaged in the design, development, manufacture, sale and service of fuel cell products for a range of applications. The Company is focused on its power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and telecom backup power, as well as the delivery of technology solutions, including engineering services, and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. The Company operates in the Fuel Cell Products and Services segment. The Company offers products in three product classes: Fuel cell stacks, Fuel cell modules and Fuel cell systems. The Company’s fuel cell and non-fuel cell products, include FCveloCity Fuel Cell Products, including FCveloCity-9SSL, FCveloCity-1020ACS and FCveloCity modules, and FCgen Fuel Cell Products and System Products, including FCgen-1020ACS, ElectraGen-H2 and ElectraGen-ME. The Company provides fuel cell modules for public transit systems, including buses and light rail.
The Company designs and manufactures the FCveloCity fuel cell module platform, which in various forms is capable of delivering 30 kilowatts to 200 kilowatts of power for use in the heavy duty motive market. The Company supplies the fuel cell modules to hybrid drive, bus and light rail manufacturer customers that deliver zero-emission fuel cell-powered vehicles to transit operators around the world. Ballard provides FCgen and FCveloCity fuel cell stacks to original equipment manufacturer (OEM) customers and system integrators that use the stacks to produce fuel cell systems for power solutions. Ballard builds the stacks into self-contained FCveloCity motive modules that are plug-and-play into a larger system. Ballard also builds fuel cell systems for stationary power markets that are designed to solve certain energy needs of its customers. The ElectraGen product lines provide fuel-flexible (hydrogen and methanol) system solutions for Backup power markets. Ballard’s technology solutions offering primarily involves the provision of engineering services and customer access through licensing to Ballard’s intellectual property portfolio.
The Company has research and development, testing, manufacturing and service facilities in Burnaby, British Columbia. In the United States, the Company has research and development facilities in Bend, Oregon, and has a sales, manufacturing, and research and development facility in Southborough, Massachusetts. The Company uses a contract manufacturing facility in Tijuana, Mexico. The Company also has a sales, service and research and development facility in Hobro, Denmark.
The Company competes with Hydrogenics, Nedstack, Horizon Fuel Cell, Smart Fuel Cell, Hyster-Yale, Dantherm Power, Altergy, Plug Power, FuelCon, Greenlight Innovation, Intelligent Energy and Ricardo.
Advisors’ Opinion:
- [By Neha Chamaria (TMFNehams)]
On Sept. 8, too, Ballard Power Systems’ (NASDAQ:BLDP) subsidiary, Ballard Fuel Cell Systems, announced a partnership with industrials giant Eaton to develop fuel-cell technology for heavy-duty trucks. Just the previous day, Germany-based Quantron tied up with Ballard Power to use its fuel-cell modules in electric trucks scheduled for delivery later next year.
- [By John Bromels]
Will fuel cells be the next “best thing since sliced bread”? Or has the once-promising technology already started going the way of the typewriter and the unsliced commercial loaf? Well, two of the leading fuel cell companies, Ballard Power Systems (NASDAQ:BLDP) and Bloom Energy (NYSE:BE), are working hard to make sure it’s the former. Let’s take a look at both of them to see which one is the better buy.
Top 10 Energy Stocks To Own Right Now: Genesis Energy, L.P.(GEL)
Genesis Energy, L.P., incorporated on September 5, 1996, is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, principally Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming, and in the Gulf of Mexico. The Company operates through five segments: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico. The Onshore Pipeline Transportation segment is engaged in the transportation of crude oil and carbon dioxide (CO2). The Refinery Services segment is involved in the processing of high sulfur (or sour) gas streams as part of refining operations to remove the sulfur and selling the related by-product, sodium hydrosulfide (NaHS). The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment is engaged in terminaling, blending, storing, marketing, and transporting crude oil and petroleum products (fuel oil, asphalt and other heavy refined products) and CO2.
The Company has a diverse portfolio of assets, including pipelines, refinery-related plants, storage tanks and terminals, railcars, rail loading and unloading facilities, barges and other vessels, and trucks. It provides a range of services to refiners, crude oil and natural gas producers, and industrial and commercial enterprises. Its onshore-based operations occur upstream of, at, and downstream of refinery complexes. Upstream of refineries, the Company aggregates, purchases, gathers and transports crude oil, which it sells to refiners. Within refineries, it provides services to assist in sulfur removal/balancing requirements. Downstream of refineries, the Company provides transportation services, as well as market outlets for finished refined petroleum products and certain refining byproducts.
Offshore Pipeline Transportation
The Company conducts its offshore crude oil and natural gas pipeline transportation and handling operations through its Offshore Pipeline Transportation Segment, which focus on providing a range of services to independent energy companies to develop various crude oil and natural gas properties in the Gulf of Mexico, principally offshore Texas, Louisiana, Mississippi and Alabama. The Offshore Pipeline Transportation segment owns interests in various offshore crude oil and natural gas pipeline systems, platforms and related infrastructure. It owns interests in approximately 1,440 miles of crude oil pipelines with an aggregate design capacity of approximately 1,810 thousand barrels (MBbls) per day. It owns interest in the Poseidon pipeline system and the Cameron Highway pipeline system (CHOPS). It also owns the Southeast Keathley Canyon Pipeline Company, LLC (SEKCO), which is a deepwater pipeline servicing the Lucius field in the southern Keathley Canyon area of the Gulf of Mexico. Its interests in offshore natural gas pipeline systems and related infrastructure includes approximately 1,160 miles of pipe with an aggregate design capacity of approximately 4,860 million cubic feet (MMcf) per day. It also owns an interest in over six offshore hub platforms with aggregate capacity of approximately 2,260 MMcf per day of natural gas and approximately 170 MBbls per day of crude oil.
The CHOPS comprises 24- to 30-inch diameter pipelines designed to deliver crude oil from fields in the Gulf of Mexico to refining markets along the Texas Gulf Coast through interconnections with refineries located in Port Arthur and Texas City, Texas. CHOPS also includes approximately two multi-purpose offshore platforms. The Poseidon system comprises 16- to 24-inch diameter pipelines to deliver crude oil from developments in the central and western offshore Gulf of Mexico to other pipelines and terminals onshore and offshore Louisiana. The Odyssey system comprises 12- to 20-inch diameter pipelines to deliver crude oil from developments in the eastern Gulf of Mexico to other pipelines and terminals onshore Louisiana. The Eugene Island system comprises a network of crude oil pipelines, the pipeline of which is approximately 20 inches in diameter, to deliver crude oil from developments in the central Gulf of Mexico to other pipelines and terminals onshore Louisiana. The Shenzi Crude Oil Pipeline gathers crude oil production from the Shenzi production field located in the Green Canyon area of the Gulf of Mexico offshore Louisiana for delivery to both its CHOPS and Poseidon pipeline systems. The Allegheny Crude Oil Pipeline connects the Allegheny and South Timbalier 316 platforms in the Green Canyon area of the Gulf of Mexico with the CHOPS and Poseidon pipelines. The Marco Polo Crude Oil Pipeline transports crude oil from its Marco Polo crude oil platform to an interconnect with the Allegheny Crude Oil Pipeline in Green Canyon Block 164. The Constitution Crude Oil Pipeline gathers crude oil from the Constitution, Caesar Tonga and Ticonderoga production fields located in the Green Canyon area of the Gulf of Mexico for delivery to either the CHOPS or Poseidon pipelines.
Onshore Pipeline Transportation
The Company’s Onshore Pipeline Transportation segment owns approximately five onshore crude oil pipeline systems, with approximately 560 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, Wyoming and Texas. The Company also owns over two CO2 pipelines with approximately 270 miles of pipe. The Company owns and operates over five onshore common carrier crude oil pipeline systems: the Texas System, which transports crude oil from West Columbia to several delivery points near Houston, Texas; the Jay System, which provides crude oil shippers access to refineries, pipelines and storage near Mobile, Alabama; the Mississippi System, which provides shippers of crude oil in Mississippi indirect access to refineries, pipelines, storage, terminals and other crude oil infrastructure located in the Midwest; the Louisiana System, which transports crude oil from Port Hudson to the Baton Rouge Scenic Station and continues downstream to the Anchorage Tank Farm servicing Exxon Mobil Corporation’s Baton Rouge refinery, and Wyoming System, which transports crude oil from receipt point stations in Campbell County and Converse County, Wyoming to its Pronghorn Rail Facility.
Refinery Services
The Company’s Refinery Services segment provides sulfur-extraction services to approximately 10 refining operations located primarily in Texas, Louisiana, Arkansas, Oklahoma and Utah. Its Refinery Services segment also operates storage and transportation assets related to its refinery services, and sells NaHS and caustic soda to industrial and commercial companies. Its refinery services also include includes NaHS and caustic soda terminals in the Gulf Coast, the Midwest, Montana, Utah, British Columbia and South America. The Company utilizes railcars, ships, barges and trucks to transport its products. The Company sells its NaHS to customers in a range of industries, including customers involved in mining of base metals, mainly copper and molybdenum, and the production of pulp and paper. The Company markets NaHS in North and South America.
Marine Transportation
The Company’s Marine Transportation Segment consists of its inland marine fleet, which transports heavy refined petroleum products, including asphalt, principally serving refineries and storage terminals along the Gulf Coast, Intracoastal Canal and western river systems of the United States, principally along the Mississippi River and its tributaries; its offshore marine fleet, which transports crude oil and refined petroleum products, principally serving refineries and storage terminals along the Gulf Coast, Eastern Seaboard, Great Lakes and Caribbean, and its double-hulled, Jones Act qualified tanker M/T American Phoenix, which is under charter serving a customer along the Gulf Coast. It owns a fleet of approximately 70 barges with a combined transportation capacity of over 2.7 million barrels and approximately 40 push/tow boats. It provides transportation services by tank barge for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil.
Supply and Logistic
The Company’s Supply and Logistic Segment owns or leases trucks, terminals, gathering pipelines, railcars, and rail loading and unloading facilities. It provides a range of services to oil and gas producers, refineries and other customers. The Company has access to a suite of over 300 trucks, 400 trailers, 520 railcars, and terminals and tankage with approximately 3.3 million barrels of storage capacity in various locations along the Gulf Coast, as well as capacity associated with its common carrier crude oil pipelines. The Company’s facilities located in Texas and Wyoming are designed to load crude oil produced locally onto railcars for further transportation to refining markets. Its other facilities are designed primarily to unload crude oil from railcars into pipelines, or onto barges, for delivery to refinery customers. It provides its services through a combination of purchasing, transporting, storing, blending and marketing of crude oil and refined products (primarily fuel oil, asphalt, and other heavy refined products). The Company’s crude oil related services include gathering crude oil from producers at the wellhead, transporting crude oil by gathering line, truck, railcar and barge to pipeline injection points and marketing crude oil to refiners. It also gathers refined products from refineries, transports refined products through truck, railcar and barge, and sells refined products to customers in wholesale markets. The Company’s crude oil supply and logistics operations are concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and Wyoming. It owns approximately five active crude oil rail loading and unloading facilities located in Baton Rouge, Louisiana; Walnut Hill, Florida; Wink, Texas; and Natchez, Mississippi, and Douglas, Wyoming.
The Company competes with AkzoNobel.
Advisors’ Opinion:
- [By Joseph Griffin]
TRADEMARK VIOLATION WARNING: “Genesis Energy, L.P. (GEL) Holdings Lifted by Tortoise Index Solutions LLC” was reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at www.tickerreport.com/banking-finance/4213621/genesis-energy-l-p-gel-holdings-lifted-by-tortoise-index-solutions-llc.html.
- [By Motley Fool Transcribers]
Genesis Energy LP (NYSE:GEL)Q4 2018 Earnings Conference CallFeb. 20, 2019, 9:30 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Energy Stocks To Own Right Now: MGE Energy Inc.(MGEE)
Regulated electric utility operations – generating, purchasing, and distributing electricity through MGE.
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Regulated gas utility operations – purchasing and distributing natural gas through MGE.
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Nonregulated energy operations – owning and leasing electric generating capacity that assists MGE through MGE Energy’s wholly owned subsidiaries MGE Power Elm Road and MGE Power West Campus.
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Transmission investments – representing our investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin.
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All other – investing in companies and property that relate to the regulated operations and financing the regulated operations, through its wholly owned subsidiaries CWDC, MAGAEL, MGE State Energy Services, NGV Fueling Services, and Corporate functions. Advisors’ Opinion:
- [By Reuben Gregg Brewer]
Utility stocks are generally considered conservative investments that reward shareholders over the long term with sizable dividends that grow slowly and steadily over time. With the S&P 500 Index’s yield hovering around 2%, the bar for yield is set pretty low today. That said, investors should think twice before jumping at utilities like UGI Corporation (NYSE:UGI), Atmos Energy Corporation (NYSE:ATO), and MGE Energy, Inc. (NASDAQ:MGEE), which offer little if any yield advantage over an S&P 500 Index fund.
- [By Max Byerly]
MGE Energy (NASDAQ:MGEE) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.
Minerva Neurosciences (NASDAQ:NERV) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.
- [By Ethan Ryder]
BidaskClub downgraded shares of MGE Energy (NASDAQ:MGEE) from a hold rating to a sell rating in a report issued on Friday.
Separately, ValuEngine cut shares of MGE Energy from a hold rating to a sell rating in a report on Wednesday, June 6th.
Top 10 Energy Stocks To Own Right Now: Cliffs Natural Resources Inc.(CLF)
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. The company operates six iron ore mines in Michigan, Minnesota, and eastern Canada; two iron ore mining complexes in Western Australia; five metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. It also owns a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; and a 30% interest in Amapa, a Brazilian iron ore project in Latin America, as well as chromite properties in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.
Advisors’ Opinion:
- [By Dana Blankenhorn]
Intel is a safe bet right now, with a price to earnings ratio of just 12. It shouldn’t be classed as a tech stock at all. It’s a manufacturer, like steel maker Cleveland Cliffs (NYSE:CLF), which sports a similar PE.
- [By ]
Lourenco Goncalves, CEO of Cleveland-Cliffs (CLF) – Get Cleveland-Cliffs Inc Report, recently discussed the steelmaker’s share price recovery – about 800% — over the past 18 months with ”Mad Money’s” Jim Cramer.
