30 June, 2017 by The TZ Newswire Staff Comments Off on Have Investors Been Overlooking Concho Resources Inc?
Have Investors Been Overlooking Concho Resources Inc?
Concho Resources (NYSE: CXO) has quietly flown under the radar of investors over the past year. Its stock has basically flatlined while popular shale drillers EOG Resources (NYSE: EOG) and Encana (NYSE: ECA) are up more than 7% even as crude has slumped 13%. One result of that underperformance is that Concho’s stock trades for just 12 times enterprise value-to-EBITDA, while its rivals fetch 19 times EV-to-EBITDA multiples.
30 June, 2017 by The TZ Newswire Staff Comments Off on The Best Trading Proverbs
The Best Trading Proverbs
It seems much of the best advice is found in proverbs such as trade with the trend.
What other proverbs (or sayings) deserve recognition?
30 June, 2017 by The TZ Newswire Staff Comments Off on 3 Key Takeaways From United Technologies at the Paris Air Show
3 Key Takeaways From United Technologies at the Paris Air Show
Diversified industrial United Technologies Corporation (NYSE: UTX) held a meeting for analysts and portfolio managers at the Paris Air Show, in which management outlined progress and expectations for its aerospace businesses in 2017. The next few years are transitional ones for the company, and what it does now is critical for its long-term future.
In this context, let’s take a look at the key takeaways for investors.
The Paris Air Show. Image source: United Technologies Corporation
30 June, 2017 by The TZ Newswire Staff Comments Off on The No. 1 personality trait for highly successful people across 8 industries
The No. 1 personality trait for highly successful people across 8 industries
Only Politics has a different top trait.
30 June, 2017 by The TZ Newswire Staff Comments Off on US Oil Rig Count Drops For First Time In 24 Weeks As Trump Unveils US-Mexico Petroleum Pipeline
US Oil Rig Count Drops For First Time In 24 Weeks As Trump Unveils US-Mexico Petroleum Pipeline
Last week saw US crude production decline by the most since Aug 2016 (perhaps affected by ‘Cindy’) and given the lagged response to WTI prices, many expected the oil rig count to drop this week. As WTI heads for its 7th up-day in a row – the longest streak in 6 months – it is supported as the US oil rig count dropped 2 to 756, the first drop in almost 6 months.
30 June, 2017 by The TZ Newswire Staff Comments Off on Mazda recalls 228,000 cars because brake may not hold
Mazda recalls 228,000 cars because brake may not hold
The recall covers certain Mazda 6 cars from the 2014 and 2015 model years and the Mazda 3 from 2014 through 2016.
30 June, 2017 by The TZ Newswire Staff Comments Off on Baker Hughes US oil rig count 756 vs 758 prior
Baker Hughes US oil rig count 756 vs 758 prior
Oil and gas drilling data from Baker Hughes
– Prior 758
– Total rigs 940 vs 941 prior
– Coming into the report, oil rigs had risen for 23 straight weeks
– Natural gas rigs 184 vs 183 prior
The streak is over. That’s another slice of good news for crude oil to cap off a strong week.