So what does this have to do with the price of tea in China? It's the same size as West Virginia the 41st largest US state. 5 million people.
Cabot Corporation (CBT) announces that HASIT Trockenmörtel GmbH’s Fixit 222 Aerogel product, a Cabot aerogel-containing insulating plaster material, was recently recognized as one of the most innovative products exhibited at the BAU 2015, one of the world´s leading trade fairs for architecture, construction materials and systems recently held in Munich.
The product, which features Cabot’s aerogel technology, was recognized for the important role the material can play in reducing the energy consumption of buildings. The BAU award was granted by Messe München and the federal working group on refurbishment under the sponsorship of the German building minister Barbara Hendricks.
The HASIT Fixit 222 Aerogel product combines Cabot’s highly-insulating aerogel with hydraulic lime plaster to produce an insulating plaster for use on facades worth preserving or with historic building status. The aerogel-containing material allows planners, architects and builders the aesthetic and performance advantages of mineral plaster, while setting new standards for both internal and external insulation.
With a focus on energy savings, this innovative aerogel-containing plaster has a low thermal conductivity that provides insulation three to four times more effective than conventional insulating plaster. The use of the HASIT Fixit 222 Aerogel product enables historic structures to be renovated to more energy efficient, contemporary standards, while maintaining the original external appearance that complies with historic preservation requirements. Furthermore, the combination of aerogel and lime creates a lightweight material that meets fire safety and flammability requirements without using environmentally hazardous flame retardants. The insulating plaster can be prepared and applied manually or with conventional application machines for both indoor and outdoor areas. (continued)
The stock is making another run with volume above the daily average. Up 12%. Let's see if it holds. Still about 1.5 hours left in the day.
Not speculation. PSX has finally operated long enough to have figured out what kind of dividend they want to pay as a percent of earnings (not cash flow which is substantially higher). Since refining still represents about 40% of earnings they need to be prudent because refining is a commodity business and not reliable quarter to quarter. They have also paid 50 cents per share for 4 straight quarters so it looks like we are in a yearly cycle with the second quarter being the time that increase would be considered. They have talked about being shareholder friendly by paying dividends plus buying back shares and not just for management options. Actually reducing the count if it makes sense. Since they continue to buy back shares then management and the board does not think the company is fully valued based on future earnings and cash flow.
My guess is that PSX will announce an increase on the 6th of May, which is the Wednesday in the 1st full week of May. It must have something to do when they have their board meeting. The 1st two years of operations as a separate company saw that as the day when the announcement was made. The x-dividend date is about a week later with the payout as the 1st Monday in June.
Should be a minimum of 2 cents more per quarter or 52 cents. This would put the yearly amount at 30% of earnings. All the other increases were to get the company to that point. With all the JV's and businesses it took them awhile to get comfortable with 30% of earnings. Right now other refiners on average offer a 2% dividend based on stock price. Valero is a lot higher 2.6%. So we they may also take this into consideration.
So this transaction is going to cause valuation to go up!! How?? If you look at the analysts average earnings for 2015 they have gone down in the last 90 days from $3.32 to $2.91 and for 2016 from $3.97 to $3.58. Those are pretty significant hits. Earnings growth is what drives valuation and multiples. Based on the earnings growth rate or lack thereof this stock is fully valued. The dividend seems to be holding the stock to where it is today.
Its a boring stock. My time is better spent laughing on the way to the bank with the dividend every quarter. I picked up shares throughout the 2008 - 2010 trowth.
All of my older grandchildren got UA shirts and shorts for Easter. My daughter and husband have three boys and live near Charleston. I was down there last summer and the heat and humidity is a killer. The boys love UA clothes.
Thanks. I listened to the NXPI/FSL merger webcast and came to the same conclusion about how FSL is a good fit. I did not project out a price. I just thought that the PE and PEG seemed right.
I only own NXPI in the tech space as I am retired and own a lot of dividend payers in both IRA's (tradition and Roth) and in a regular account. They generate a lot of cash and I bought many over the last 5 years. In 2008 I raised a lot of cash and sold the non-dividend payers because things were looking dicey.
But I do have a growth portfolio in my IRA's so that I can trade them w/o tax implications. I have seen you post on the biotechs and own CELG & REGN. Also have UA, MA, FB, TWTR.
The dividend payers give me a lot of diversification.
Over the past few years, the differential between the price of West Texas International (WTI) and Brent crude has become a proxy of sorts for the profitability of many refiners. That’s because the prices of the fuels they produce are more influenced by the higher international Brent price.
Meanwhile, because the US bans crude exports, surging shale production at home has put downward pressure on WTI, as US producers can only sell their oil to American refiners.
With the export ban in place the way it is … the US refiners have a crude cost advantage.
The Brent-WTI spread has fluctuated widely so far in 2015; right now, it stands at around $8.00, compared to around $2.66 at the start of the year. In late February, it ranged as high as $13.74.
“When your suppliers are desperate and your customers are flush, that’s when you can really make some money,. “Which certainly describes the happy place US refiners currently occupy, between a glut of domestic crude and customers using more fuel in response to lower prices.”
That latter point was borne out by figures released by the Federal Highway Administration earlier this month. According to the agency, US motorists logged a total of 251.4 billion miles in December, up 5% from last year. That capped off 10 straight months of year-over-year growth and was the fastest increase the FHWA has seen since 2001.
Newer figures from Texas suggest motorists have kept their hands on the wheel into the new year: last week, the state, which accounts for 10% of US gasoline sales and 13% of diesel sales, reported that it had collected $284 million in fuel taxes in February, compared to $269 million in the same month last year.
Refiners make money on what’s known as the “crack spread,” which refers to the difference between what they pay for the crude they process and the selling prices for finished products like gasoline, diesel and jet fuel.
I have two questions for you:
1. What do you think of the up coming acquisition?
2. If you already owned NXPI (Which I due) would you own another semi? (I was thinking about purchasing SWKs for the long pull to compliment the NXPI.
Today is the first time it has traded over $80 since the end of last September. I think there are expectations of good refining earnings which for the time being could push the issues at DCP to the back burner. More importantly the price of oil has risen in the last few days and all those ETF's that contain PSX plus a ton of oil and gas producers are up. The fact thast PSX is in those ETF's is a real killer. But in the end we need good refining earnings to sustain the recovery of PSX's stock price.
A big part of the SU hit was due to currency because of their big ownership of Mexican rails. UNP does own part of one rail in Mexico but it is not really a significant problem for them as it is for KSU. Momentum traders just jumped on this as usual selling without even understanding what happened.
At one time this was a pretty good company until the bozos that run it were not satisfied to run a utility and went big time into the oil and gas business. Also the second time in 10 years that the stock crashed. The first time was over natural gas and this time oil. Dominion was smart and got out of all their oil and gas operations a number of years ago when they realized that the earnings from oil and gas was not predictable and whip sawed earnings and with it the stock price so the utility investors left with everyone else.
Thankfully I got tired of their poor performance due to having sub par property and sold out when the stock was in the mid $30's.
By Zacks Equity Research - 3 hours ago
One stock that might be an intriguing choice for investors right now is Phillips 66 (PSX). This is because this security in the Oil Refining & Marketing space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
This is important because, oftentimes, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil Refining & Marketing space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Phillips 66 is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $1.34 per share to $1.58, while current year estimates have risen from $6.40 per share to $6.73 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
This is a long article under PSX news on Yahoo Finance. The gist is that gulf coast refineries are getting mixed blends from pipelines out of Cushing which causes less high value products coming out of the refinery. As a result they are trucking high grade oil and by passing the pipes. It is a long article, below is a highlight:
Phillips 66, the nation's fourth-largest refiner, has added trucks and offloading equipment at several of its refineries to help reduce its reliance on oil coming from Cushing, Oklahoma, the nation's biggest crude oil crossroads and storage hub. Here, a growing volume of Canadian oil sands is often mixed with lighter domestic shale crude, resulting in blends that can be less profitable than similar oil fresh from the field.
Phillips 66 executives say operations at its 200,000-barrel-per-day refinery in Ponca City, Oklahoma, only 62 miles (100 km) from Cushing, have improved since it began getting more of its crude directly from wells in the Mississippian Lime shale patch nearby.
"That's really the key," Phillips 66 President Tim Taylor told Reuters. "With Cushing, you can get a blended barrel that hits the spec, but it's not as consistent as you'd like."
Since AAPL joined the Dow on 3/18/15 there may be some selling due to all the buying by Dow index funds and after the close on 3/20/15 CELG joined the S&P500 and joined at one of the top 30 stocks or so. There are a lot of S&P index funds plus the SPY. These changes, especially CELG, require days of trading by the fund managers.
There was a pretty good correction last year which allowed be to pick up a few hundred shares. Since this is a non dividend paying growth stock any hiccup in the general market will be felt here because the profession momentum investors that own lots of these shares will sell.