Wild Well Control has successfully replaced the Stalder 3UH's well head assembly. Due to the gas content being ~97% methane, there is currently no evidence of environmental damage to the immediate area as a result of the blowout. Additionally, no personnel have been injured in connection with the well control operations on the Stalder Pad.
On Friday, December 26, 2014, the US markets are open.
The Canadian markets are closed for Boxing Day. Day orders for Canadian stocks will be cancelled out at the end of the business day. Any Canadian GTC orders placed after the close of the US Market on Wednesday, December 24, 2014 will route to the Canadian exchanges on Monday, December 29, 2014. Dually listed Canadian stocks will trade in the U.S. markets on Friday, December 26, 2014.
Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilize in the medium term.
The delegates, some of which are from core Gulf OPEC producing countries, said they may not see - and some may not even welcome now - a return to $100 any time soon. Once deemed a “fair” price by many major producers, $100 a barrel crude is encouraging too much new production from high cost producers outside the exporting group, some sources say.
But they believe that once the breakneck growth of high cost producers such as U.S. shale patch slows and lower prices begin to stimulate demand, oil prices could begin finding a new equilibrium by the end of 2015 – even in the absence of any production cuts by OPEC, something that has been repeatedly ruled out.
"The general thinking is that prices can’t collapse, prices can touch $60 or a bit lower for some months then come back to an acceptable level which is $80 a barrel, but probably after eight months to a year," one Gulf oil source told Reuters.
A separate Gulf OPEC source said: "We have to wait and see. We don't see 100 dollars for next year, unless there is a sudden supply disruption. But average of 70-80 dollars for next year – yes.”
December 16, 2014
There are currently two analysts that we track that cover the stock. Of those two, one has a Buy rating, one has a Hold rating. On a consensus basis this yields a score of 2.50 and a Buy. The combined price objective of these covering analysts is $11.00, which represents a 175.68% upside difference to the last closing price.
The most recent analyst activity consisted of Mizuho initiated coverage with a Buy stance on the company. Mizuho has a price target of $11.00 which represents an upside of 175.68% from the last closing price. On the date of the report, the stock closed at $4.85.
Another research firm weighing in recently was Piper Jaffray who upgraded their rating on the stock.
You should have done a 30 day Wash Sale at the end of November. You would not miss any run up if you bought an equal amount of shares or doubled up and then sell the first shares 31 days later.
If history repeats itself, oil and gas company stocks will rebound with increased prices for energy over time and be back up to new heights in two years. With Magnum Hunter Resources that means $10.00 a share and a 300% gain.
Look for a resolution to the situation as opposed to a further standoff.
It is common to write a check for $1 to pay for something that is of a much higher value when it exchanges hands in a deal that benefits both parties.
There is irrational hysteria with talk of $30 a barrel oil and unlimited news of predictions regarding bankruptcy energy valuations. There has to be an underlying story here that will be revealed in retrospect regarding trader manipulation.
Reynolds American Inc. is launching a cigarette that heats tobacco rather than burning it, hoping to capitalize on the growing appetite for alternatives to traditional smokes.
The nation's second-biggest tobacco company said Monday that it will begin selling Revo — a cigarette that uses a carbon tip that heats tobacco after being lit — in Wisconsin in February 2015. Reynolds said the cigarette is a "repositioning" of its Eclipse product first launched in the mid-1990s with minimal success.
The surging e-cigarette or vapor industry has reinvigorated the interest for cigarette alternatives, including products like Revo and its predecessor Eclipse that smokers once considered foreign. Even though the products left no lingering odor and didn't produce ashes, they tasted different than cigarettes and were more difficult to use. Eclipse had remained in limited distribution and is one of the top-selling brands in the cafeteria at Reynolds' headquarters in Winston-Salem, North Carolina.
"Heat-not-burn technology was 20 years ahead of when consumers were ready for it. It needed the mass presence of vapor products to open up an experience-base that smokers understood," said J. Brice O'Brien, head of consumer marketing for the maker of Camel and Pall Mall cigarettes. "The smoker could only compare heat-not-burn to a combustible and it lost every time. That's no longer the case."
Revo is a "modern take on the classic cigarette" that — unlike popular e-cigarettes that use liquid nicotine — contains real tobacco, which could make them more attractive to cigarette smokers, O'Brien said.
Not sure it was the right thing to do, but I bought in the $1's and have a considerable gain. Picked up a shale oil and natural gas company stock that has plummeted, Magnum Hunter Resources.
GLTA ACAD Longs.