Weekly U.S. Oil Rig Count: The Summer Of Drilling
An even larger increase in the horizontal rig count than last week, with new rigs concentrated in the Permian and in shale producing regions. Of the 10 new oil rigs added this week, 11 are horizontal (yes, we can count), meaning that producers are positioning themselves for maximum yield. Combined with the existing inventory of drilled but uncompleted wells (DUCs), we could see a material increase during the summer in oil produced from new wells. Crude oil prices (NYSEARCA: USO) remained unchang..>> view originalGap Crushes It In June, And A Note Of Caution
Click to enlarge Gap (NYSE:GPS) has been mercilessly punished in the past year or so, as its status as a dividend stock has recently been overshadowed by some pretty horrible numbers. After the Q1 report in May, the stock was trading for $18, and I said at the time that the 5% yield and the prospect of a turnaround made Gap a buy. We are a couple of months on from that recommendation and shares are up over four bucks to nearly $23 off of a strong June sales number. Is this the turnaround we've..>> view originalG20 seeks to enhance trade growth in face of protectionism - China
SHANGHAI In the face of a "worrying" rise in protectionism, trade ministers from the world's major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China's Commerce Minister Gao Hucheng said on Sunday.The Group of 20 trade ministers, who wrapped up a two-day meeting in Shanghai on Sunday, approved a broad trade growth strategy aimed at reversing a slowing in global trade, and backed guiding principles for global investment policymaking."The global r..>> view originalReal Jobs Report: Tax Collections Data Suggest US Economy Barely Above Water
The boys and girls on Wall Street are now riding their bikes with no hands and eyes wide shut. That’s the only way to explain Friday’s lunatic buying spree in response to another jobs report that proves exactly nothing about an allegedly resurgent economy. When the S&P 500 first hit 2130 back in May 2015, reported LTM earnings were $99.25 per share, and that was already down 6.4% from the cyclical high of $106 per share in September 2014. Thus, stocks were being valued at a n..>> view original3 Terrible Reasons to Sell Amazon.com, Inc. Stock
Shares of Amazon (NASDAQ:AMZN) have soared nearly 70% over the past 12 months, extending its 250% gain over the past five years. After that big rally, some investors might be wondering if it's finally time to sell the stock. However, many of the bearish arguments against Amazon simply don't make much sense for long-term investors. Let's examine three such flawed arguments -- and why you shouldn't sell Amazon based on those fears. 1. Brexit After Britain stunned the world by deciding to leave t..>> view originalWendy's says more than 1000 restaurants affected by hack
NEW ORLEANS | Wendy’s says the 1,025 U.S. restaurants where hackers stole credit and debit card information includes one in Louisiana, 17 in Alabama and 39 in Georgia. The hamburger chain revealed last week that hackers were able to obtain card numbers, names, expiration dates and codes on the card, beginning in late fall. Some customers’ cards were used to make fraudulent purchases at other stores. Wendy’s Co. urged customers to check their accounts for any fraudulent purchases. Checks on the..>> view originalHow to dodge annoying fees when traveling abroad
Laura McMullen, NerdWallet 6:32 a.m. EDT July 10, 2016People traveling abroad need to be vigilant about fees.(Photo: iStockphoto)Fees can chip away at your international travel budget. Each time you use your credit card or withdraw cash, you may be racking up fees that could have gone toward scuba-diving lessons or a frosty gelato. But you don’t have to pay fees. Here’s how to identify and avoid fees when you travel abroad.Foreign transaction feesThe fee: Foreign transaction fees, u..>> view originalWhy cheaper gas may not be that great in the long run
Bill Loveless, for USA TODAY 7:30 a.m. EDT July 10, 2016The run-down in oil prices is taking its toll on fuel-efficiency trends.(Photo: Thinkstock)With gasoline prices so low, it’s no surprise that U.S. motorists are driving a lot more this summer.In all, more than 43 million Americans planned to travel by one means or another over the Independence Day weekend, the highest volume ever for the holiday, the motor club AAA estimates.For those on the road, the national average price for..>> view original
Thursday, July 14, 2016
Weekly U.S. Oil Rig Count: The Summer Of Drilling and other top stories.
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