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Stocks

“Top Oil and Gas Penny Stocks for Q2 2021”

“Best Value Oil and Gas Penny Stocks These are the oil and gas penny stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows… Continue Reading…

Economy, Investing

“Risky oil companies snap up $20bn in junk bond record”

“Lowly rated US energy companies that struggled for survival last year are finding renewed optimism among investors after a surge in oil prices, helping them raise a record amount of debt to fend off bankruptcy. Energy and power companies tracked… Continue Reading…

Economy, Precious Metals

“Three Commodities Set To Boom As The Global Economy Recovers”

“#1. Oil After a historic slump, oil has also been on a tear, up 110% in a year. In a sharp turnaround from last year, the energy sector has emerged as one of the best-performing. Brent crude has been flirting… Continue Reading…

Economy

“Average LA County gas price rises for 47th time in 48 days”

“The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Monday for the 27th consecutive day and 47th time in 48 days, increasing a half-cent to $3.813, its highest amount since Dec. 3, 2019. The… Continue Reading…

Economy

“Oil prices up more than $1 on growing global economy optimism”

“Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose… Continue Reading…

Economy

“Oil breaks above $50 for the first time since February”

“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures… Continue Reading…

Stocks

“Shell Stock Could Soar 68%, Analyst Predicts”

“Shell (ticker: RDS.B) stock is down 42% this year, worse than the Energy Select Sector SPD exchange-traded fund (XLE), which is off by 33%. But MKM Partners analyst John Gerdes says Shell shares could rebound by 68% as the company gets leaner… Continue Reading…

Business, Stocks

“Exxon Mobil’s Dividend Yield Hits 10%: What Investors Need To Know”

“What Happened: Exxon Mobil Corporation’s (NYSE: XOM) dividend yield is sitting above 10% as of Thursday. The company paid out a dividend of 87 cents in September. Based on the ex-dividend date of Aug. 12, the annual dividend rate was 7.9%. The dividend… Continue Reading…

Economy

“Oil jumps more than 10% for the week following OPEC meeting, decline in U.S. inventory”

“Oil prices were mixed on Friday after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month, while a declining U.S. equities market also weighed on futures… Brent fell 55 cents to $42.75 a… Continue Reading…

Economy

“Citi Has a Message for Oil Bulls: $60 Oil to Return by 2021”

“Citigroup Inc. has a message to cheer up despairing oil bulls: prices will get back to $60 a barrel before the end of 2021… It will take until late 2021 for global oil consumption to return to the 2019 level… Continue Reading…