69.62 -0.04 (-0.06%)
After hours: 6:03PM EST
|Bid||69.59 x 900|
|Ask||69.63 x 3200|
|Day's Range||69.02 - 69.97|
|52 Week Range||64.65 - 83.49|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||20.30|
|Earnings Date||Jan 30, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||3.48 (5.01%)|
|1y Target Est||79.20|
Saudi Aramco is expected to be valued at $1.7 trillion dollars with an IPO price of 32 riyals per share, according to Reuters. Lami Ajibesin, Anchin Managing Director joins Yahoo Finance's On the Move to discuss.
As the calendar turns to 2020, investors need to appraise the stock markets in a new light. 2019 came and went with three interest-rate cuts - not the hikes many suspected at the start of the year - and the longest economic recovery of the postwar era continued. The market has subsequently shot to sky-high prices, setting up a 2020 in which value stocks should be ... well, valued.The S&P; 500 trades at more than 23 times its trailing 12-month earnings - a level seen only a few times in the market's history. The index also trades at a sky-high 19 times analysts' estimates for future earnings. That's sustainable as long as investors have enough reasons to be bullish. But several things - another breakdown in trade relations, the U.S. entering recession and more - could spark an exodus from expensive stocks.It's not all bad. The market's best value stocks - which often have defensive qualities, including paying significant amounts of dividend income - would likely thrive in a flight to quality.Here are 10 of the best value stocks to buy heading into 2020. It's a short list, to be sure, as 2019's rally has driven a wide swath of stocks into frothy territory. But each of these stock picks offers value and a favorable fundamental outlook heading into the new year. SEE ALSO: 20 Best Retirement Stocks to Buy in 2020
(CVX) has been one of the top large-cap energy stocks in a lackluster year for the sector. Citi’s Alastair Syme downgraded shares to Neutral from Outperform on Sunday, and dropped his price target to $120 from $135. Owning energy stocks has been a losing bet in general over the past decade, and particularly over the past year.
(Bloomberg Opinion) -- Even now, the figure of $1.71 trillion is surely dramatic enough to fire the odd synapse in our jaded, zero-rate-numbed hive mind. That is the value at which Saudi Aramco will enter the stock market this week.Yet it still isn’t quite enough for some folks — Saudi Arabian royalty specifically. Crown Prince Mohammed bin Salman famously put a value of $2 trillion on Saudi Arabian Oil Co. when he first announced plans to float it, almost four years ago. Speaking on Friday at the end of a contentious OPEC+ gathering, Saudi Energy Minister Prince Abdulaziz bin Salman (the Crown Prince’s half-brother) voiced displeasure at the media’s coverage of the IPO. He went on to say:… We decided to lower the valuation that we were seeking. But on the 11th [of December] the shares will be trading. And a few months from now, I’ll remind — I wouldn’t call them by name — but I think they will probably like to not have written those pieces that they have written. Because we will get Aramco and it will be higher than the two trillion, and I can bet that this will happen.Even the sell side usually gives it 12 months on a price target, but I have to concede Saudi officials have taken to the oil sector’s investor relations style with aplomb. High spirits are understandable, though; how often do you get to float the biggest company ever (not to mention one that also provides more than half your country’s public budget)? Don’t forget the political benefits, either: At this point, $2 trillion feels less like an actual dollar amount and more like a patriotic rallying cry.The energy minister may well soon be crowing to all who put Aramco’s value somewhere below $2 trillion (myself included) that we were wrong. Not that it would really matter. Having been scaled way back from the global offering envisaged originally to a minimal domestic listing, Aramco’s IPO puts the “market” in market value. Average daily trading volume for the entire Tadawul All Share Index over the past year is actually slightly less than that of just one oil major, Exxon Mobil Corp, according to data compiled by Bloomberg.Aramco’s imminent inclusion in emerging-market indices will undoubtedly suck some passive money toward it (a potential headwind for other emerging-market oil champions as well as fellow Tadawul constituents). However, while Aramco’s market cap is far bigger than that of the big five Western majors combined, its implied free float of about $28 billion is less than that of just one U.S. fracker, EOG Resources Inc. Speaking of which, the context of Prince Abdulaziz’s price target is interesting. He had just announced that Saudi Arabia would voluntarily keep another 400,000 barrels a day off the market beyond its new (reduced) supply target. It was this that pulled the OPEC+ meeting back from the brink of failure and halted a sell-off in oil on Friday.Saudi Arabia’s de facto crude-oil production target is now just over 9.74 million barrels a day, which is below its average for the year so far. Based on my math, and assuming $65 Brent, that would net Aramco free cash flow of about $70 billion in 2020, $5 billion shy of its minimum dividend payment(3). Of course, the new batch of minority shareholders wouldn’t suffer; the government has guaranteed their payout. But it re-emphasizes just how pricey Aramco is: A valuation of $2 trillion based on that $70 billion figure would imply a free-cash-flow yield of just 3.5%. That is not only far below what most of Aramco’s peers offer, it’s less than the yield on Aramco’s 30-year bonds. Taking this a step further, when I valued Aramco at just under $1.5 trillion, I assumed (among many other things) average crude oil production of 11 million barrels a day, $65 Brent and a dividend yield of 5.85%. But say production averages something less than that. At 10.5 million barrels a day, my math implies Aramco would need long-term oil prices north of $100 a barrel to justify a $2 trillion valuation. As it stands, the IPO implies a dividend yield of just under 4.4%. At 10.5 million barrels a day, even at that lower yield, a $2 trillion valuation needs $69 a barrel; at 10 million a day, it requires $74.Needless to say, the higher the oil price, the more breathing room for U.S. frackers (among other competitors); Prince Abdulaziz acknowledged as much on Friday. It would also have the opposite effect on demand. All of which matters, especially when an oil company has 60-odd years of reserves to monetize. Hence, even if markedly higher oil prices juiced Aramco’s near-term cash flows, they could also erode its long-term value.So when it comes to the dream of $2 trillion, focus less on oil prices going up and more on keeping those yields down. It’s the mismatch between the cost of capital on offer from global fund managers and the more generous terms provided by local and regional investors that explains Aramco’s valuation. On that basis, beyond scratching some emotional or political itch, it’s tough to say what hitting the magic number would really mean.(1) This assumes the target holds through 2020, although OPEC+ will meet to assess things in March.To contact the author of this story: Liam Denning at email@example.comTo contact the editor responsible for this story: Mark Gongloff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Saudi Aramco’s initial public offering is set to begin trading Wednesday, and expect the financial media industrial complex to go into overdrive.
One of the best tools in ordinary investors' arsenal is 13F filings. Once a quarter hedge funds with at least $100 million in total positions in publicly traded US stocks/options and convertible debt are required to open the kimono and disclose the number of shares and the total value of its positions in each of […]
2019 has been a tough year for oil companies, but some of the oil majors have fared surprisingly well due to their economies of scale advantage and low breakeven prices per barrel
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Exxon Mobil Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Wall Street is in Santa Claus rally mode at the end of the week. But will it be another and more bearish December to remember? One thing is for certain, blue-chip stocks 3M (NYSE:MMM), ExxonMobil (NYSE:XOM) and Home Depot (NYSE:HD) are showing technical signs that admired income streams will be trumped by capital gains for bearishly positioned investors.Let me explain.Wall Street is breathing much easier at the end of the trading week. Following a bearish opening act after POTUS took aim at China and the E.U. and a back-and-forth NATO summit provided market volatility but finished empty handed, investors are cheering Friday's jobs data. For its part, the Dow Industrials with its cadre of blue-chips is up roughly 1% and off fractionally for the five-day period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors are also finding strength from a "calmer tone on trade" and perhaps motivated by seasonal bullish tendencies. The fact is it has been a solid 2019 and window dressing those gains could be in full-force this season. Still, there's always the chance the market could see a repeat performance more in keeping with last year's memorably bearish December. * 7 Hot Stocks for 2020's Big Trends At the end of the day, historical patterns such as a Santa Claus rally are nice to consider. But as we've seen, those leanings are far from ironclad opportunities. And with uncertainty surrounding Dec. 15 when a new round of tariffs on Chinese imports are set to begin, the chance for other bearish drivers to emerge or maybe reawakened concerns to rear their ugly head, it's a good time to keep some blue-chips on the radar for shorting. Blue-Chip Stocks to Short: 3M (MMM)Source: Charts by TradingView3M is the first of our stocks to short. As of this writing, this blue-chip stock is the Dow Industrial's biggest dog with its year-to-date loss of nearly 14%. Income-oriented investors might see this weakness coupled with a dividend of 3.45% as an opportunity. But I don't buy it. I see MMM's bearish patterns and overhead resistance as keeping shares in a shortable position.MMM Stock Strategy: Short this blue-chip stock if shares can break beneath the low of the November topping candle for a second time. One caveat is to make sure this price action is accompanied by a bearish stochastics crossover. It may mean shorting at a lower price in MMM stock, but it's worth the confirmation given what's been stated.Look to support near $133 - $140 for taking initial profits in 3M shares. Likewise, respect pattern resistance for exiting this blue-chip stock if necessary. ExxonMobil (XOM) Source: Charts by TradingViewExxonMobil is the next of our stocks to short. This blue-chip stock isn't in the same dog house as MMM, but XOM has been a definite laggard with its flat-line, year-to-date performance. And the price chart is telling me the worst is yet to come.Here, I'm focused on a broadening pattern top to complete in conjunction with a test of the 62% level. And as XOM stock wrestles with a breach of its long-term trendline and a bearish crossover of the weekly stochastics, there are good indications $60 - $62 will come into play. * 10 Stocks That Should Be Every Young Investor's First Choice XOM Stock Strategy: For this blue-chip stock I'd recommend shorting shares beneath this week's opening price of $68.50. From there, the aforementioned support area is where bearish traders should look to take profits. As important, since this is XOM stock's fourth stab at rejecting technical trendline support, there's not a whole lot of margin for error. I'd allow a bit of wiggle room, but $71 to cut down losses makes sense off and on the price chart. Home Depot (HD) Source: Charts by TradingViewHome Depot is the last of our blue-chip stocks to short. Technically, all stocks face corrective periods and bearish cycles at one time or another. And right now, HD stock's monthly chart supports the argument that this phase is just beginning.Shares of HD have confirmed November's bearish engulfing candlestick as part of a larger broadening top pattern. The price action also has the backing of a bearish stochastics crossover. And with this blue chip still near the pattern's signal price and support significantly lower near $140 or worse, HD is a stock to short today.HD Stock Strategy: To accompany a short in HD stock, I'd recommend using the pattern top to contain exposure to greater losses if required. This poses stock risk of around 11%. It's slightly more than I'd typically allow in a name like Home Depot. However, given the pattern's prospect's and skewed risk-to-reward in favor of bearish positioning, it makes a strong case for your consideration.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 3 Blue-Chip Stocks to Short appeared first on InvestorPlace.
On Friday morning, Benzinga Pro subscribers received two option alerts related to unusually large Exxon Mobil trades. At 9:31 a.m., a trader sold 1,000 Exxon put options with a $70 strike price expiring on Jan. 17 at the bid price of $1.71. At 9:41 a.m., a trader bought 1,150 Exxon call options with a $60 strike price expiring in January 2022 near the ask price at $11.95.
(Bloomberg) -- Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow OPEC+ members.WTI settled 1.3% higher on Friday after Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the country would continue its voluntary cut of 400,000 barrels a day. That brings total cuts implemented by the Organization of Petroleum Exporting Countries and its allies to 2.1 million barrels a day, he said.“The comments are what drove the market up,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Mass. “Total cuts are larger and substantially better than what the market was expecting.”After the announcement, Prince Abdulaziz predicted that Saudi Aramco, which just completed an IPO at a valuation of $1.7 trillion, would soon soar above $2 trillion. The kingdom plans to pump 9.7 million barrels a day, he said. The additional supply reduction would take the kingdom’s production down to levels not seen on a sustained basis since 2014, according to data compiled by Bloomberg.Still, prices surrendered some of their early gains after the initial surge. “Investors have other concerns limiting the upside including what will come of trade over the weekend,” said Rob Haworth, who helps oversee $151 billion at U.S. Bank Wealth Management in Seattle.While OPEC+ is taking 500,000 barrels a day out of the market, they are taking it out because demand isn’t there, he added. “They were crowded out by non-OPEC output, like U.S. output. So, it should be a more bearish scenario for prices.”West Texas Intermediate for January delivery settled up 77 cents to $59.20 a barrel on the New York Mercantile Exchange. The U.S. benchmark rose 7.3% for the week. Brent for February settlement gained $1 to $64.39 a barrel on the London-based ICE Futures Europe Exchange, registering the largest weekly gain since late October. The global benchmark traded at a $5.29 premium to WTI for the same month.To contact the reporter on this story: Sheela Tobben in New York at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Mike Jeffers, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Some folks are saying that it's time to throw in the towel on energy stocks. After all, the sector, as measured by the Energy Select Sector SPDR (NYSEARCA:XLE), is barely up for the year. Look at the more aggressive SPDR S&P Oil & Gas Explore & Prod. ETF (NYSEARCA:XOP), which includes smaller, wildcat oil and gas companies, and the sector has managed to lose money in 2019 -- a year in which nearly everything else has rallied sharply.Zoom out, and things look even worse. XLE and XOP are down 27% and 57% over the past five years, respectively. Over the same time period, the S&P 500 is up more than 50%.To be clear, an oil and gas bust is one thing. However, the rhetoric has gotten even darker now. On one hand, you have folks saying that fracking and shale have unlocked nearly unlimited amounts of cheap energy going forward. On the other, environmentalists and electric car advocates suggest that the fossil-fuel era is ending.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWithin a decade or two, they claim, we'll all be using electric vehicles powered by windmills and solar panels.The truth, as always, is more complicated. New developments in energy extraction have created more supply, sure. However, the shale boom is already losing steam, and we should expect a major slowdown in 2020 and onward. Shale has not proven a reliable generator of actual operating profits, so capital is quickly leaving the sector and production gains will taper off as well.Meanwhile, on the alternative energy front, there's certainly great progress there. But solar and wind still make up just a couple percent of overall worldwide power generation; old-fashioned hydro power is still far more important. It's a fantasy to think we'll go from sub-5% wind and solar to a majority of them in a short period. As it is, the world is still phasing out coal -- a process that is taking decades -- and there's little reason to get rid of oil and gas while far more environmentally damaging coal retains wide usage. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping As always, it's a cycle. Oil is currently in a bust, but it will have another boom. The IEA estimates oil demand will continue rising sharply for at least another five years and then plateau around 2030. The "twilight" of oil is still quite a ways off, and in the meantime, there are profits to be made as the current oil bust gives way to the next big upswing. Energy Stocks to Buy: ExxonMobil (XOM)Source: Jonathan Weiss / Shutterstock.com ExxonMobil (NYSE:XOM) is arguably the most-hated mega-capitalization stock in America right now. It's one of the few large companies just hovering around even in 2019. The Environmental, Social, and Governance (ESG) funds are rushing to dump Exxon and other oil majors. The climate change protests have raised particular animosity toward Exxon given its role in controversial scientific and lobbying efforts.All in all, many folks feel embarrassed to talk about Exxon, let alone say they are buying it hand over fist. We can profit from this because XOM stock is offering its highest dividend yield in nearly 30 years at the moment, as the stock offers a 5% dividend.Some bears on XOM stock make an argument that Exxon can't cover its dividend out of cash flow, but this is faulty analysis.Exxon is currently spending tons of money with the intention of doubling its profits and cash flow over the next five years. Huge projects such as the offshore Guyana field are coming online now. Investors buying XOM stock today will be rewarded over the next several years as these forward-looking investments start to pay off in a big way. Canadian Natural Resources (CNQ)Source: Shutterstock Exxon is the most obvious energy stock to buy right now. It's the rare household name that offers a fat dividend, a fantastic balance sheet and is seriously undervalued. XOM stock checks all the boxes.Of the oil majors with the most upside, however, that title goes to Canadian Natural Resources (NYSE:CNQ).Canadian energy companies have a big advantage over U.S.-based firms at the moment. The edge is that Canada has had a glut of oil and gas production in recent years. Meanwhile, political roadblocks have prevented Canadian midstream entities from building sufficient pipelines and other takeaway capacity. This has caused Canadian oil and gas prices to slump far below world levels.Deeply discounted oil and gas prices have hurt smaller energy firms, but it has helped the large players like Canadian Natural. Why's that? It has forced the oil companies to focus on cash flow, and the ones that don't have enough of it have already gone bust. Canadian Natural has been buying up assets on the cheap from Devon (NYSE:DVN) and other struggling firms as low prices have forced huge layoffs and spending cuts.In essence, Canada has already lived through the sort of anti-energy, industry regulatory environment that investors now fear may hit the U.S. in 2021 depending on the outcome of the presidential election.CNQ stock has gotten thrashed, along with the sector; But it deserves better. The company is generating an enormous free cash flow yield of 12% per year. That means, even after capital expenditures, Canadian Natural would earn back its entire market cap in cash flow in just eight years. And Canadian Natural has tons of long-life assets that will generate cash for decades.CNQ stock is offering a 4% dividend, but still leaves plenty of cash flow for other uses -- giving it plenty of room to pick up more assets at fire sales prices, buy back stock or pay down debt. CNQ stock is set to prosper even with flat oil prices, and will make windfall gains when oil prices recover. In the meantime, enjoy the dividend. * 6 Manufacturing Stocks to Buy as the Economy Recovers Canadian Natural has hiked the dividend payout reliably, which is especially impressive given the plunge in oil prices and massive dividend cuts and bankruptcies elsewhere in the industry. Suncor (SU)Source: Steven Bratman via FlickrLike Canadian Natural Resources, Suncor (NYSE:SU) is another dirt-cheap Canadian energy stock to consider now. In fact, Barron's just profiled Suncor as a better alternative to Saudi Aramco for investors wanting a giant, integrated energy firm at a fantastic price.What's to like about Suncor? For one thing, the company is shareholder friendly -- a rare trait in energy firms nowadays. Morgan Stanley's Benny Wong recently wrote that: "Suncor is a poster child for capital discipline and returning cash to shareholders." He has an outperforming rating and $38 price target on SU stock.He's right about the dividend. Suncor stock offers a 4% dividend, and management intends to hike it roughly 10% every year going forward. On top of that, Suncor buys back a substantial chunk of stock every year. It can fund all this because, like Canadian Natural, it has oil sands which can produce for decades without losing any production volume. Oil sands production is more akin to manufacturing than conventional oil production, as the resources are easily visible and recoverable at the surface of the earth. Process them, sell them and get your cash. That's way different from shale, where production volumes decline precipitously soon after a new well begins production.Long story short, Suncor is a safe income stock that investors are too worried about due to it being in the energy industry. Suncor has many decades of oil reserves and won't need to spend much capital to keep production going at current levels. Even at current low energy prices, Suncor is making a boatload of cash. Once shale producers see production slump, oil prices should rise and give Suncor even fatter profit margins on its production. Valero (VLO)Source: Mike Mozart via FlickrOil refiners have become surprisingly good energy stocks in recent years. In the past, refiners were a boom-bust business that produced little meaningful shareholder value over time. Prices would surge when a big hurricane or snowstorm caused outages and gas price spikes, and prices would slump whenever refining spreads went down.With the advent of the fracking boom, however, refiners have been one of the biggest winners. They now get access to unusually cheap North American oil, since there is a glut locally. If you can sell gasoline, asphalt, petrochemicals and the like at the same price as before and buy your crude oil at a discount from Texas rather than Saudi Arabia, you're naturally going to earn a better profit margin.Additionally, the federal government has put numerous regulations in place that make it largely impossible to build new refineries or add substantial supply to the overall market. This, in turn, has helped insulate the industry from competition and keep margins high for years now. * 9 Tech Stocks You Wish You'd Bought During 2019 Valero (NYSE:VLO) is one great example. It runs a boring, but exceptionally profitable business refining and distributing gasoline and other oil products. VLO stock is trading at $94 and is set to generate just under $10 per share of earnings next year. That adds up to a P/E ratio under 10. Valero pays nearly a 4% dividend and is a cash flow machine prospering from the glut of shale production. Delek (DK)Source: Casimiro PT / Shutterstock.com Delek (NYSE:DK) is another refining play like Valero. In contrast to Valero, however, Delek is a regional player with a market capitalization of just $2.52 billion. This means that DK stock has more volatility as oil prices swing around. DK stock surged from $12 to $60 between 2016 and 2018 as oil prices recovered and the outlook for oil and gas activity firmed up.Since then, though, DK stock has given back half its gains, and now trades around $34. The current drop in energy prices may hit shale activity going forward and lower refining margins. That's what the market is pricing in, nevertheless.With the share price drop, however, Delek is now selling for less than 7x trailing earnings and pays a 3.6% dividend yield. With any upturn in sentiment for the oil and gas industry, Delek stock could enjoy a sharp reversal and head back up toward its 2018 highs. Chevron (CVX)Source: Sundry Photography / Shutterstock.com Chevron (NYSE:CVX) is not my absolute favorite play of the giant oil majors. But it's certainly an energy stock to consider, regardless. Chevron has produced tons of value for its loyal, long-term shareholders.Going forward, Chevron has bet heavily on liquefied natural gas (LNG) projects. If these work out as planned, CVX stock will enjoy tremendous gains. At the moment, however, the natural gas market is absolutely drowning in excess supply. Natural gas prices have already slumped in the U.S, And now, the country is exporting the glut internationally; LNG prices have tanked in Europe and Asia thanks to rising shipments. * 7 Exciting Biotech Stocks to Buy Now This may make Chevron stock more of a 2021 or 2022 story, as this market is unlikely to improve within the next few quarters. Long term, though, Chevron offers a lot of value after a decade of underwhelming returns. With the next surge in oil and gas prices, Chevron will go from being a Dog of the Dow to a star performer once again. Northrim Bank (NRIM)Source: Shutterstock Finally, stick with me for this one. You might be asking what a bank such as Northrim (NASDAQ:NRIM) is doing on a list of energy stocks to buy -- and that's a fair question.The answer is that Northrim is one of Alaska's two large, home-grown banks. It's pretty much just them and First National Bank of Alaska (OTCMKTS:FBAK) that dominate the local banking scene. There are a few national rivals with branches in Alaska, but if you want to do business with a company headquartered there, Northrim is at the top of a very short list of options.This geographic isolation has paid Northrim huge benefits over the years. Its net interest margin (NIM) tends to run 30%-40% above the national average due to Alaska's prosperity and the lack of local banking competition. Even with interest rates in the dumps now, Northrim is earning a net interest margin today that is on par with what lower 48 banks were earning 20 years ago (that is to say, much better). The scourge of zero-interest-rate policy hasn't hit in the same way up north.Thus, you get an unusually profitable bank in NRIM stock that also has a huge inflation kicker. If the price of timber goes up, Northrim wins. If gold prices surge, that's good for Alaska's mines. And obviously, if oil takes off again, Alaska is well-endowed there as well.Northrim scores doubly on that front since Alaska pays out an oil dividend to each one of its residents every year funded out of royalties from energy production. Long story short, higher commodities prices are a home run for the Alaskan economy, and Northrim is a natural beneficiary.At the time of this writing, Ian Bezek owned XOM, CNQ, SU, and NRIM stocks. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post 7 Energy Stocks That Are Still Worth Buying In 2020 appeared first on InvestorPlace.
DOW UPDATE Powered by positive momentum for shares of 3M and Chevron, the Dow Jones Industrial Average is trading up Friday morning. The Dow (DJIA) is trading 266 points, or 1.0%, higher, as shares of 3M (MMM) and Chevron (CVX) have contributed to the blue-chip gauge's intraday rally.
The Zacks Analyst Blog Highlights: ExxonMobil, Starbucks, Diageo, Fidelity National Information Services and Colgate-Palmolive
ExxonMobil (XOM) has made 14 discoveries at the Stabroek block, wherein recoverable reserves are estimated to be more than 6 billion barrels of oil equivalent.
The U.S. shale patch is showing serious signs of financial distress, but a few companies continue to drill profitably for oil & gas in America’s most prolific shale basins
Generating safe, regular income and preserving capital are two primary objectives in retirement. The best retirement stocks to buy, then - whether you're buying in 2019 or any other year - must be quality dividend payers that can help meet both of those goals in the long-term.Unlike many fixed-income investments, numerous dividend stocks offer relatively high yields, grow their payouts each year and appreciate in price over time as their businesses generate more profits and become more valuable.Not all dividends are safe, however. From General Electric (GE) and Owens & Minor (OMI) to L Brands (LB) and Buckeye Partners LP (BPL), several high-profile dividend-payers slashed their payouts in 2018, sending their stock prices tumbling. So the dividend stocks you depend on must be chosen with care.These are the 19 best retirement stocks to buy for 2019. Research firm Simply Safe Dividends developed a Dividend Safety Score system that has helped investors avoid more than 98% of dividend cuts, including each of those companies listed above. The 19 stocks on this list have solid Dividend Safety Scores and generous yields near 4% or higher, making them appealing retirement stocks for income. Importantly, they also have strong potential to maintain and grow their dividends in all manner of economic and market environments. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
EIA's Weekly Petroleum Status Report shows a much bigger-than-expected drawdown in oil inventories, ending several consecutive weeks of builds.