J.P. Morgan: The Energy Sector Offers the Most Attractive Risk-Reward Profile. Here Are 2 Stocks With Over 50% Upside
Sometimes it’s good to take a worm’s eye view of the markets, to narrow down the search and the market...
Sometimes it’s good to take a worm’s eye view of the markets, to narrow down the search and the market analysis to a particular industry or a particular sector. The zoomed-in view offers some advantages that the macro lacks – greater detail, or a look at opportunities that might get lost in the shuffle of a larger market trend.
And that’s what we have here. Markets are trending down right now, but J.P. Morgan energy sector expert Christyan Malek sees a chance for investors to find an attractive risk-reward in oil stocks. In an attention-grabbing headline, Malek described the energy sell-off as ‘overdone,’ and says that demand remains ‘solid on lower oil.’
Read More on the Antero and Marathon stock recommendations
Texas avoids blackouts, power use to break more records in heat wave
Power demand in Texas will likely hit more record highs later this week as consumers crank up air conditioners...
Power demand in Texas will likely hit more record highs later this week as consumers crank up air conditioners to escape a lingering heat wave after homes and businesses helped avoid rotating blackouts by conserving energy on Monday.
Power demand in Texas hit another all-time high on Tuesday as consumers crank up their air conditioners to escape a lingering heat wave after homes and businesses conserved energy earlier this week to avoid and help avoid rotating blackouts.
ERCOT power use hit a preliminary 78,419 megawatts (MW) on Tuesday, topping the prior record of 78,264 MW on Monday, and will reach 78,963 MW on Wednesday.
But conservation efforts reduced energy use enough to enable available resources to meet Monday's record demand. Unlike Monday, however, ERCOT has not yet urged consumers to conserve energy for the rest of the week. One megawatt can power around 1,000 U.S. homes on a typical day, but only about 200 homes on a hot summer day in Texas.
Tellurian Acquires Private Haynesville Producer EnSight for $125 Million
Tellurian Inc. is acquiring natural gas assets located in the Haynesville Shale...
Tellurian Inc. is acquiring natural gas assets located in the Haynesville Shale from privately held EnSight Energy Partners LP for $125 million plus a contingent payment tied to the price of natural gas.
“We have been diligently growing our natural gas production and reserves in the Haynesville,” commented John Howie, president of Tellurian Production LLC, in a company release.
A subsidiary of the Houston-based LNG developer, Tellurian Production agreed to pay up to $132.5 million to purchase the natural gas assets from EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. The assets are located in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster parishes in Louisiana.
The consumer price index jumped 1.3% last month to mark the third time in the last four months it’s...
The consumer price index jumped 1.3% last month to mark the third time in the last four months it’s topped 1%. Economists polled by The Wall Street Journal had forecast a 1.1% advance.
The increase in inflation over the past year rose to 9.1% to 8.6%. The last time inflation was so high was in November 1981.
US stock futures traded cautiously Wednesday, as investors brace for key US inflation...
US stock futures traded cautiously Wednesday, as investors brace for key US inflation data. Meanwhile, Twitter's share price is up in pre-market trading, after the social media company sued Elon Musk, saying the billionaire is obligated to complete the $44 billion deal. Here are the latest market moves.
Experts on Wall Street are warning that the stock market sell-off likely isn't over. The S&P 500 has fallen as much as 23% this year, but some of the pros forecast further downside. These 10 charts paint a picture of what's to come.
BlackRock said investors should be prepared for a long stretch of market volatility. And the turbulence will last for years, according to the world's biggest asset manager. The firm's analysts broke down its strategy to help investors roll with the punches — including these four portfolio changes to make during the uncertainty.
