President Donald Trump doesn’t like high oil prices. What would he think about the higher prices attracting Russian-made gasoline to the U.S. Atlantic shores?
East Coast drivers could be putting Russian gasoline into their fuel tanks without even knowing it. Already strong imports of blending components like naphtha will be paired with gasoline after Soviet refining tax breaks and investments give Russia surplus fuel to sell. Exports into Europe and the U.S. Atlantic basins will rise by 75,000 barrels a day, Energy Security Analysis, Inc. principal Andrew Reed says in a research note.
The Russians Are ComingU.S. Atlantic Coast should expect more gasoline imports from Mother Russia
Source: U.S. Energy Information Administration
Footnote: East Coast imports of Russian gasoline components
.chart-js { display: none; }“Russia’s growing gasoline exports will be just one more step in the longer-term transformation of its refining sector’s role in international refined product markets,” Reed said. “Russia is emerging as a dynamic player in clean product markets, much more than just a diesel exporter.”
Hot Energy Stocks To Own For 2019: Chevron Corporation(CVX)
Advisors' Opinion:- [By ]
Higher oil prices haven't helped large integrated oil companies such as Exxon Mobil (XOM) and Chevron (CVX) much, though they did see gains Tuesday with the rest o the market and after a positive note from Bank of America Merrill on Exxon.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded up 2.44% at $124.42. The stock’s 52-week range is $102.55 to $133.88. Volume was about 15% lower than the daily average of around 7.2 million shares. The company got a nice boost from rising crude oil prices.
- [By Ethan Ryder]
Macquarie Group Ltd. lowered its position in shares of Chevron Co. (NYSE:CVX) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,086,981 shares of the oil and gas company’s stock after selling 231,872 shares during the period. Chevron makes up about 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 6th largest position. Macquarie Group Ltd.’s holdings in Chevron were worth $760,601,000 at the end of the most recent reporting period.
- [By JJ Kinahan]
In addition to the tech-heavy week, some of the other companies on the docket are Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T), Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Caterpillar Inc (NYSE: CAT), Boeing Co (NYSE: BA), Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM). If you have time, make sure to check out today’s market update for a look at what else is going on.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded down 1.90% at $124.10 in a 52-week range of $102.55 to $133.88/. Volume was about 25% above the daily average of around 6.6 million shares. The company had no specific news Friday.
- [By Paul Ausick]
The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was Chevron Corp. (NYSE: CVX) which traded up 3.46% at $125.07. The stock’s 52-week range is $102.55 to $125.12 and the high was posted this afternoon. Volume was about 40% above the daily average of around 5.1 million shares. Analysts at Cowen & Co. raised their price target on the stock from $122 to $160 and reiterated their Outperform rating.
Hot Energy Stocks To Own For 2019: SandRidge Permian Trust(PER)
Advisors' Opinion:- [By Max Byerly]
Media coverage about SandRidge Permian Trust (NYSE:PER) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Permian Trust earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.3601951962152 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Hot Energy Stocks To Own For 2019: Cabot Oil & Gas Corporation(COG)
Advisors' Opinion:- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Clearside Biomedical, Inc. (NASDAQ: CLSD) shares fell 17.8 percent to $11.95 in pre-market trading. Clearside Biomedical disclosed that its Phase 2 trial of CLS-TA met primary and secondary endpoints met in 6-month trial. CRISPR Therapeutics AG (NASDAQ: CRSP) fell 15.8 percent to $62.00 in pre-market trading after the company disclosed that the FDA has placed a clinical hold on IND for CTX001 sickle cell disease treatment. Sears Holdings Corporation (NASDAQ: SHLD) fell 10 percent to $2.89 in pre-market trading after the company posted a loss for the first quarter and announced plans to close 72 non-profitable stores. Urban One, Inc. (NASDAQ: UONE) fell 9 percent to $3.01 in pre-market trading after rising 78.38 percent on Wednesday. Dollar Tree, Inc. (NASDAQ: DLTR) shares fell 8.6 percent to $88.05 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter and lowered its FY2018 earnings guidance. Ciena Corporation (NYSE: CIEN) fell 8.5 percent to $22.02 in the pre-market trading session after the company posted downbeat Q1 earnings and announced plans to buy Packet Design. Dollar General Corporation (NYSE: DG) shares fell 6.6 percent to $90.11 in pre-market trading after reporting weaker-than-expected results for its first quarter. Vericel Corp (NASDAQ: VCEL) shares fell 6.5 percent to $13.05 in pre-market trading following announcement of 3.75 million share common stock offering. Box, Inc. (NYSE: BOX) fell 5.7 percent to $26.19 in pre-market trading. Box reported upbeat results for its first quarter. The company forecast Q2 revenue of $146 million to $147 million. Co-Diagnostics, Inc. (NASDAQ: CODX) fell 5.7 percent to $3.15 in pre-market trading after declining 5.65 percent on Wednesday. Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) shares fell 5.2 percent to $18.21 in pre-market trading after reporting a 2 - [By ]
Cabot Oil & Gas (NYSE: COG) has a strong position in the Marcellus Shale, a low-cost region for natural gas production that puts the company's break-even around $2.00 per mcf against spot prices around $2.80 per mcf. The company owns the rights to an additional 3,000 drilling locations within its undeveloped footprint which gives it the potential to increase output easily.
- [By Joseph Griffin]
Rockefeller Capital Management L.P. acquired a new stake in shares of Cabot Oil & Gas Co. (NYSE:COG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,293,691 shares of the oil and gas exploration company’s stock, valued at approximately $31,023,000.
- [By Logan Wallace]
Comerica Securities Inc. acquired a new stake in Cabot Oil & Gas Co. (NYSE:COG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 103,688 shares of the oil and gas exploration company’s stock, valued at approximately $2,486,000.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Cabot Oil & Gas (COG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By ]
The hot list:
Align Technology (ALGN) (+22% revenue growth estimate) Amazon (AMZN) (+22%) Autodesk (ADSK) (+27%) Cabot Oil & Gas (COG) (+34%) Concho Resources (CXO) (+30%) Facebook (FB) (+27%) Netflix (NFLX) (+25%) Pentair (PNR) (+22%) Vertex Pharmaceuticals (VRTX) (+22)"Firms with high revenue growth should outperform the S&P 500 during the next 12 months as the index climbs by 6% to our target of 2875," says Kostin.
Hot Energy Stocks To Own For 2019: CVR Refining, LP(CVRR)
Advisors' Opinion:- [By ]
The Big Boys' Pick
Of the group, CVRR (NYSE: CVRR) is in the best position. Apparently, Mr. Icahn agrees, which is why he owns 5.7 million shares, a stake worth more than $100 million. Other big institutional owners include the likes of Goldman Sachs, Morgan Stanley and JP Morgan. - [By Dan Caplinger]
Finally, shares of CVR Energy fell 9%. The holding company agreed to exchange its stock to investors in related entity CVR Refining (NYSE:CVRR), accepting as many as 37.1 million units at a ratio of 0.6335 shares of CVR Energy for every unit of CVR Refining exchanged. In a release, CVR Energy said that "many CVR Refining unitholders may wish to hold their investment in the form of common stock rather than partnership interests" after recent tax reform legislation. But it's unclear why CVR Energy would make an offer at a 25% premium rather than simply having CVR Refining convert to a corporate entity or use similar steps that wouldn't adversely affect CVR Energy shareholders for the benefit of CVR Refining unitholders. CVR Refining finished the session 8% higher.
- [By Lisa Levin] Gainers athenahealth, Inc. (NASDAQ: ATHN) shares climbed 23.2 percent to $155.19 after Elliott Management confirmed a $160 per share cash offer for athenahealth. Evolus, Inc. (NASDAQ: EOLS) gained 21.3 percent to $8.83. Evolus named David Moatazedi as new CEO. VivoPower International PLC (NASDAQ: VVPR) climbed 18.2 percent to $3.12 after falling 39.86 percent on Friday. Gramercy Property Trust (NYSE: GPT) rose 15.6 percent to $27.53 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share. EP Energy Corporation (NYSE: EPE) rose 13 percent to $2.26. Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) gained 11.9 percent to $7.35. National CineMedia, Inc. (NASDAQ: NCMI) surged 11.8 percent to $6.24 after the company posted upbeat quarterly profit. Sanchez Energy Corporation (NYSE: SN) shares gained 11.3 percent to $3.56. CVR Refining, LP (NYSE: CVRR) shares rose 8.8 percent to $18.875. Monaker Group, Inc. (NASDAQ: MKGI) rose 8.7 percent to $2.9683. Kosmos Energy Ltd. (NYSE: KOS) shares rose 7.4 percent to $7.40. Ceragon Networks Ltd. (NASDAQ: CRNT) rose 7 percent to $2.88 after climbing 1.89 percent on Friday. Cloudera, Inc. (NYSE: CLDR) surged 6 percent to $15.93. Craig-Hallum initiated coverage on Cloudera with a Buy rating. Illumina, Inc. (NASDAQ: ILMN) rose 5.1 percent to $257.35. Barclays upgraded Illumina from Equal-Weight to Overweight.
Check out these big penny stock gainers and losers
- [By Lisa Levin] Gainers Twin Disc, Incorporated (NASDAQ: TWIN) shares surged 24.34 percent to close at $28.86 following Q3 earnings. Bioblast Pharma Ltd. (NASDAQ: ORPN) rose 21.89 percent to close at $2.45. Evolus, Inc. (NASDAQ: EOLS) gained 20.19 percent to close at $8.75. Evolus named David Moatazedi as new CEO. VivoPower International PLC (NASDAQ: VVPR) rose 18.56 percent to close at $3.13 on Monday after falling 39.86 percent on Friday. CEL-SCI Corporation (NYSE: CVM) gained 17.09 percent to close at $2.74. athenahealth, Inc. (NASDAQ: ATHN) shares jumped 16.39 percent to close at $146.75 on Monday after Elliott Management confirmed a $160 per share cash offer for athenahealth. Gramercy Property Trust (NYSE: GPT) rose 15.45 percent to close at $27.50 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share. National CineMedia, Inc. (NASDAQ: NCMI) surged 15.23 percent to close at $6.43 after the company posted upbeat quarterly profit. Turtle Beach Corporation (NASDAQ: HEAR) rose 14.53 percent to close at $7.33 CohBar, Inc. (NASDAQ: CWBR) gained 14.36 percent to close at $6.29. Tetraphase Pharmaceuticals, Inc. (NASDAQ: TTPH) gained 12.69 percent to close at $3.64. Gannett Co., Inc. (NYSE: GCI) gained 12.27 percent to close at $10.89 following Q1 results. CVR Refining, LP (NYSE: CVRR) shares climbed 9.8 percent to close at $19.05. Illumina, Inc. (NASDAQ: ILMN) rose 4.93 percent to close at $256.89. Barclays upgraded Illumina from Equal-Weight to Overweight. Cloudera, Inc. (NYSE: CLDR) surged 3.92 percent to close at $15.63. Craig-Hallum initiated coverage on Cloudera with a Buy rating.
- [By Maxx Chatsko]
Shares of�CVR Energy (NYSE:CVI) dropped over 12% today after the holding company announced an interesting stock exchange offer for unitholders of its subsidiary,�CVR Refining (NYSE:CVRR). The transaction will allow for up to 37.1 million units of the refiner to be exchanged for up to 23.5 million shares of the parent company, or at a 0.6335-to-1 ratio.�
- [By Lisa Levin] Gainers Acacia Communications, Inc. (NASDAQ: ACIA) shares rose 18.3 percent to $37.25 in pre-market trading after gaining 1.74 percent on Friday. Kitov Pharma Ltd (NASDAQ: KTOV) rose 12.1 percent to $2.69 in pre-market trading after surging 4.80 percent on Friday. NXP Semiconductors N.V. (NASDAQ: NXPI) rose 10.9 percent to $109.75 in pre-market trading after Bloomberg reported that the China’s Commerce Ministry has restarted its review of QUALCOMM Incorporated’s (NASDAQ: QCOM) proposed takeover of NXP Semiconductors. Renewable Energy Group, Inc. (NASDAQ: REGI) rose 10.6 percent to $15.20 in pre-market trading. Renewable Energy will replace Synchronoss Technologies Inc. (NASDAQ: SNCR) in the S&P SmallCap 600 on Tuesday, May 15. NeoPhotonics Corporation (NYSE: NPTN) rose 10 percent to $6.40 in pre-market trading. Vaxart, Inc. (NASDAQ: VXRT) shares rose 8 percent to $5.54 in pre-market trading after gaining 2.19 percent on Friday. Profire Energy, Inc. (NASDAQ: PFIE) rose 7.3 percent to $4.58 in pre-market trading after gaining 6.22 percent on Friday. Marvell Technology Group Ltd. (NASDAQ: MRVL) rose 7 percent to $22.49 in pre-market trading after falling 1.96 percent on Friday. Oclaro, Inc. (NASDAQ: OCLR) shares rose 6.9 percent to $9.16 in pre-market trading. TransEnterix, Inc. (NYSE: TRXC) rose 5.7 percent to $2.24 in pre-market trading after gaining 3.92 percent on Friday. CVR Refining, LP (NYSE: CVRR) rose 5.4 percent to $19.70 in pre-market trading. Federal Agricultural Mortgage Corporation (NYSE: AGM) rose 5.2 percent to $92.95 in pre-market trading. International Game Technology PLC (NYSE: IGT) rose 5.2 percent to $29.94 in pre-market trading. Lumentum Holdings Inc. (NASDAQ: LITE) shares rose 5.1 percent to $66.30 in the pre-market trading session. Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 5 percent to $10.70 in pre-market trading after climbing 15.66 percent on Friday. Finisar
Hot Energy Stocks To Own For 2019: Airgas Inc.(ARG)
Advisors' Opinion:- [By Stephan Byrd]
Argentum (CURRENCY:ARG) traded 3.6% lower against the US dollar during the one day period ending at 19:00 PM ET on May 27th. In the last week, Argentum has traded 2.8% lower against the US dollar. Argentum has a total market capitalization of $1.66 million and approximately $610.00 worth of Argentum was traded on exchanges in the last day. One Argentum coin can currently be purchased for about $0.17 or 0.00002374 BTC on popular cryptocurrency exchanges including Cryptopia and CoinExchange.
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