Top Energy Stocks To Invest In Right Now


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 Energy Stocks To Invest In Right Now: Freeport-McMoran, Inc.(FCX)


Freeport-McMoRan Inc. (FCX), incorporated on November 10, 1987, is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company’s segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. FCX has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States.


The Company’s Atlantic Copper unit in Spain smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. The Company has a smelter at its Miami, Arizona, mining operation; a cobalt chemical refinery in Kokkola, Finland; molybdenum conversion facilities in the United States and Europe; over four non-operating copper mines in North America (Ajo, Bisbee and Tohono in Arizona and Cobre in New Mexico), and other mining support entities.

North America Copper Mines

FCX has over seven operating copper mines in North America, including Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Tyrone and Chino in New Mexico. The North America copper mines include open-pit mining, sulfide ore concentrating, leaching and solution extraction/electrowinning (SX/EW) operations. The copper produced at the North America copper mines is cast into copper rods by its Rod & Refining operations. In addition to copper, the Company’s North America copper mines also produce molybdenum concentrates and silver. The Morenci open-pit mine, located in southeastern Arizona, produces copper cathodes and copper concentrate. In addition to copper, the Morenci mine also produces molybdenum concentrate.


South America Mining

South America mining includes over two operating copper mines: Cerro Verde in Peru and El Abra in Chile. These operations include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. The Cerro Verde open-pit copper mine, located near Arequipa, Peru, produces copper cathodes and copper concentrates. In addition to copper, the Cerro Verde mine also produces molybdenum concentrate and silver.

Indonesia Mining

Indonesia mining includes PT Freeport Indonesia’s Grasberg minerals district. It produces copper concentrates, which contain quantities of gold and silver.


Africa Mining

Africa mining includes the Tenke minerals district. The Tenke operation includes surface mining, leaching and SX/EW operations and produces copper cathode. In addition to copper, the Tenke operation produces cobalt hydroxide.

Molybdenum Mines

Molybdenum mines include the Henderson underground mine and Climax open-pit mine in Colorado. The Henderson and Climax mines produce chemical-grade molybdenum concentrates, which are processed into molybdenum chemical products.

Rod & Refining

The Rod & Refining segment consists of copper conversion facilities located in North America, and includes a refinery, over three rod mills and a copper products facility. These operations process copper produced at its North America copper mines and purchased copper into copper cathode, rod and custom copper shapes. These operations also refine copper and produce copper rod and shapes for customers on a toll basis.


United States Oil and Gas Operations

Its U.S. Oil & Gas Operations include oil and natural gas assets in the Deepwater Gulf of Mexico (GOM), onshore and offshore California, the Haynesville shale in Louisiana, the Madden area in central Wyoming and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louisiana.

Advisors’ Opinion:

  • [By ]

    However, Cleveland-Cliffs shares on Monday fell 1.9% to $25.36 at last check along with U.S. Steel  (X) – Get Report, Nucor  (NUE) – Get Report, and Freeport-McMoran  (FCX) – Get Report. 

  • [By Reuben Gregg Brewer]

    The shares of Freeport-McMoRan Inc. (NYSE:FCX) rose a solid 10.8% in February according to data provided by S&P Global Market Intelligence. Add that monthly advance to the January rally, and Freeport-McMoRan was up a hefty 25% or so in the first two months of 2019. There were a couple of reasons for this strong early-year showing.

Top Energy Stocks To Invest In Right Now: region(XIV)

23.1 While the CEO and the members of the ExB have the overall management responsibility for the Group, the responsibility for the operational management of the Divisions and the subsidiaries, for which the management has been allocated to the Divisions, lies jointly with the Divisional Heads. 23.2 The Divisional Heads shall establish for their divisions their own OpCo. They shall be responsible for establishing an efficient organizational and management structure in the Division. The Divisional Heads consult with the ExB prior to making significant changes to the organizational and management structure in the Divisions. 23 ——————————————————————————– 24 Divisional Heads 24.1 The Divisional Heads shall be appointed by the BoD and report directly to the CEO.   Advisors’ Opinion:

  • [By Money Morning News Team]

    This led some traders to purchase leveraged ETFs that move inverse to the VIX, like the VelocityShares Daily Inv VIX Short Term (Nasdaq: XIV).

    The VIX is a derivative of the broad S&P 500, and the XIV is a derivative of that derivative.

Top Energy Stocks To Invest In Right Now: BorgWarner Inc.(BWA)

BorgWarner Inc. develops, manufactures, and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers; turbo actuators; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front-wheel drive transmission chains, and four-wheel drive chains. This segment also provides emissions and systems products comprising electric air pumps and exhaust gas recirculation (EGR) modules, EGR coolers, EGR tubes, and EGR valves; thermal systems products consisting of viscous fan drives, polymer fans, and coolant pumps; and ignition systems, such as glow plugs and instant starting systems, pressure sensor glow plugs, and ignition technology. The Drivetrain segment develops and manufactures friction and mechanical products, including dual clutch modules, friction clutch modules, friction and steel plates, transmission bands, torque converter clutches, one-way clutches, and torsional vibration dampers. This segment also offers control products comprising electro-hydraulic solenoids, transmission solenoid modules, and dual clutch control modules. In addition, this segment provides torque management products, including rear-wheel drive/all-wheel drive (AWD) transfer case systems, front wheel drive-AWD coupling systems, and cross-axle coupling systems. The company sells its products to original equipment manufacturers of light vehicles consisting of passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, such as medium-duty and heavy duty trucks, and buses; and off-highway vehicles, including agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. BorgWarner Inc. was founded in 1987 and is headquartered in Auburn Hills, Michigan.


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