HP
The oil sector turns upside down–which is why I’m adding three oil stocks to my 10 Most Dangerous Stocks for the upcoming earnings season
Once upon a time investors and traders wanted to own the shares of U.S. oil shale producers and shares of the oil service companies that sold them equipment and services. U.S. oil production from oil shales--especially the low-cost Permian Basin--was soaring. Oil...
Oil continues to move higher on Middle East fears
Oil futures in New York settled at their highest since December 2014. U.S. benchmark West Texas Intermediate climbed 0.35% to close at $68.88 a barrel. International benchmark Brent crude rose 0.88% to $74.71 a barrel. The gains were unusual in that the U.S. dollar strengthened today. But the markets had news of another missile attack on Saudi Arabia–again unsuccessful–by Houthi rebels in Yemen. The Houthis are backed by Iran and Yemen has become a proxy war for power in the Middle East between Iran and Saudi Arabia (and by extension, Russia and the United States.)
Helmerich & Payne completes its recovery from 2017 drilling slump; keeping the stock in my Dividend Portfolio
Helmerich & Payne (HP) reported December quarter (first quarter of the 2018 fiscal year) earnings of $4.57 a share. As they say on Wall Street--that $4.57 a share may not be comparable to the Wall Street analyst consensus estimate of a loss of 13 cents for the...
Land driller Helmerich & Payne completes recovery from August bottom, prospects more than solid enough to keep me on board for the dividend
Shares of Helmerich & Payne (HP) have just about completed their recovery from last year's sell off on tumbling oil prices. The stock closed at $66.40 today, January 4. That's just 1.34% below the $67.30 price at which I added these shares to my Dividend Portfolio...
