Special Report: 10 Most Dangerous Stocks in Earnings Season–first nine picks
That famous futures trader Marc Antony famously said "Beware the Ides of April." Okay, the guy had a mixed performance record. Short Brutus but long Cleopatra. But his advice about April 2019 is good. The Ides of April fall on the 13th of the month. And what promises...50 Best Stocks Portfolio pick Pioneer Natural Resources gives back a bit of its post earnings pop
On Monday, after the close of the New York market, Permian Basin oil shale power Pioneer Natural Resources (PXD) reported third quarter earnings of $2.07 a share, 39 cents a share above the Wall Street consensus projection. Revenue climbed 112.2% year over year to...Shutdown at Canada’s Syncrude upends U.S. oil prices
The accident last week at the giant Syncrude plant in Alberta wasn't the biggest event for global oil markets last week. That honor still goes to the OPEC decision to expand production by a net 700,000 barrels a day. But for U.S. and Canadian oil markets the accident,...Ignore the short-term oil volatility and continue to hold Pioneer Natural Resources for the long-term story
So much near-term noise. Since Pioneer Natural Resources (PXD) reported earnings on May 2--the company beat Wall Street estimates on earnings by 16 cents a share and reported revenue in-line with projections and up 56.5% year over year--there's been so much noise in...Little spillover (yet) from Concho acquisition of Permian producer RSPP
Today Concho Resources (CXO) announced the acquisition of RSP Permian (RSPP) to create the biggest  oil and natural gas producer from the shales of the Permian Basin. The $9.5 billion all stock deal represents a 29% premium to the Tuesday close for RSP Permian. That...Adding Pioneer Natural Resources call options for January 18, 2019 at $180 to my Volatility Portfolio
I'm adding call options in a Permian Basin oil shale producer, Pioneer Natural Resources (PXD). I think the oil market is a good candidate for disruption in 2018 either from OPEC's efforts to drive the price of oil above $70 or from an outbreak of conflict in the...Saudis push OPEC to go for $70 a barrel
The goal was to cut production enough to reduce global oil inventories to their five-year average. The hope of the coalition of OPEC and Russia that reduction in production would get oil prices up to $60 a barrel. Now with that inventory reduction just about in place and with oil at $60 a barrel, the Saudis are pushing for further production cuts and a target price of $70 a barrel.
Drilling productivity report highlights Permian as source of U.S. production growth
It’s not the most high-profile or best followed report from the U.S. Energy Information Administration, but if you’re looking to see where in the energy sector to put your dollars, the monthly Drilling Productivity Report is a good place to start. That’s because the report projects the trends in production per well in U.S. oil shale geologies and the growth in the number of working wells.
The oddest thing about my top Black Swan pick for 2018 is that you can actually do something about it–and here’s how
Black swan events in the financial markets are terrifying. By definition they’re extremely rare and extremely difficult to predict. Which wouldn’t be so scary if their effects weren’t so catastrophic. A 10% drop in the Standard & Poor’s 500 would certainly be painful–but it doesn’t rise to the category of a black swan. Neither does a 15% drop in the price of Bitcoins. Or a 20% drop in the price of Apple (AAPL). All these are relatively normal negative events. They’ve happened before. They happen relatively frequently. And in some cases–that of Bitcoin or the S&P 500, for example–they’re absolutely statistically normal for the market or a part of the market or a specific asset. No, the label “black swan’ is reserved for things like the 2008 global financial crisis that almost brought the world’s financial markets and its real economies to their knees. Or the Dot.com crash of 2000, which saw corporate giants such as Nortel Networks disappear from the economic landscape. Or the oil price crash of 2008 that saw oil soar to a high of $147 a barrel in July and then plunge to $32 by December. Given how devastating to a portfolio a black swan event can be, it seems, at first, surprising that most lists of “bad things that could happen in the year ahead” pretty much ignore this type of financial event.
Saturday Night Quarterback says, For the next week expect…
A very heavy week for earnings will reach a crescendo on Thursday, November 2 with reports from Alibaba and Apple. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This week Facebook (FB) is the Wednesday, November 1, Â warmup act.