STO
May 24, 2018 | Daily JAM, EQNR, STO |
A change in the name and ticker of portfolio holding Statoil (STO). The explanation offered by the company is that it wanted to remove “oil” from its name to better reflect the company’s increasing emphasis on other forms of energy including wind power. The new name is Equinor (EQNR).
April 30, 2018 | Daily JAM, FANG, PXD, Short Term, STO, Volatility |
Israeli Prime Minister Benjamin Netanyahu has announced that he will make a statement at 8 p.m. Tel Aviv time tonight on a “significant development” regarding the Iranian nuclear pact. (8 p.m. in Tel Aviv is 1 p.m. in New York.) Israeli news sources are saying that the government has obtained documents that government sources say prove Iran has misled the world about its nuclear program.
April 25, 2018 | Daily JAM, STO, Stock Alerts, Volatility |
There's no pleasing the market these days. Shares of Statoil (STO) fell 1.54% to $24.96 today after the company reported first quarter earnings of $4.4 billion, its highest quarterly profit in three years and 33% higher than in the first quarter of 2017. But the Wall...
April 23, 2018 | Daily JAM, FANG, HP, PXD, SLB, STO, YPF |
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.)
April 18, 2018 | Daily JAM, FANG, PXD, Short Term, STO |
West Texas Intermediate climbed 3.16% today to $68.80. Futures for May delivery moved over $68 a barrel for the first time in three years. Yesterday the American Petroleum Institute reported a 1.05 million barrel draw down in U.S. inventories. Today the U.S. Energy Information Administration reported a drop in crude inventories of 1.1 million barrels. Energy analysts had projected an increase in inventories for the week ended April 13. But it’s not just near-term supply and demand figures that are pushing oil priced higher.
April 12, 2018 | Daily JAM, STO, Stock Alerts |
Don't know if you noticed yesterday, Wednesday April 11, but the big winner on market fears of a U.S. military strike in Syria wasn't U.S. benchmark West Texas Intermediate crude. That grade of oil gained just 0.07% on the day. No, the winner was the international...
November 20, 2017 | Daily JAM, PXD, STO, YPF |
Norges Bank Investment Management, the entity that runs Norway’s $1 trillion sovereign wealth fund, has recommended that the fund, which invests the country’s take from oil and gas revenue from production from its own reserves, sell off its shares in oil and gas stocks. The fund owns $35 billion in oil and gas shares. Should you follow suit?
December 1, 2016 | CHK, Daily JAM, LNG, Mid Term, PXD, RSPP, SDRL, STO, XOM |
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June 9, 2016 | Daily JAM, STO, Stock Alerts |
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July 29, 2015 | Daily JAM, STO, Stock Alerts |
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April 14, 2015 | Daily JAM, STO, Stock Alerts |
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March 16, 2015 | Daily JAM, STO, XOM |
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