Source: ThinkstockFebruary 21, 2018: The S&P 500 closed down 0.6% at 2,701.33. The DJIA closed down 0.7% at 24,797.78. Separately, the Nasdaq was down 0.2% at 7,218.23.
Wednesday started out as a positive day for the U.S. markets, however everything turned south right before closing. All three major indexes closed down but the Nasdaq was almostlucky enough to escape the end of the day sell off. Crude oil backed off in Wednesdays session. The S&P 500 sectors were almost entirely negative. The most positive sectors were financials andindustrials up 0.1% and less than 0.1%, respectively. The worst performing sectors were real estate and energy down 1.8% and 1.7%, respectively.
Crude oil was down 1.1% at $61.09.
Hot Energy Stocks To Own For 2018: Suncor Energy Inc.(SU)
- [By Matthew DiLallo]
In Canada, for example, the company and its partners Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and Suncor Energy (NYSE:SU) came up dry in their initial exploration attempts in the Shelburne Basin offshore Nova Scotia. The first noncommercial well forced Suncor Energy to write off 105 million Canadian dollars ($78.7 million) for its 20% stake in the well. Meanwhile, ConocoPhillips recorded a total of $187 million of dry hole expenses in Canada last year after it wrote off two wells.
- [By Shanthi Rexaline]
The six companies that met the criterion are:
Oshkosh Corp (NYSE: OSK). Phillips 66 (NYSE: PSX). SpartanNash Co (NASDAQ: SPTN). Suncor Energy Inc. (USA) (NYSE: SU). Washington Federal Inc. (NASDAQ: WAFD). Barnes & Noble, Inc. (NYSE: BKS).
Oshkosh is a manufacturer of specialty vehicles and vehicle bodies and is based in Wisconsin. The company operates under four business segments, namely access equipment, defense, fire and emergency, and commercial.
- [By Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
Clearly, investors should be at least looking at stocks in this industry, so we asked three of our investing contributors to each highlight a great company in the industry to help you get started. Here’s why they picked Baker Hughes, a GE Company (NYSE:BHGE), Suncor Energy (NYSE:SU), and Total (NYSE:TOT).
- [By ]
Suncor Energy Inc. (SU) – “We expect modestly below-consensus results driven by
downtime and the ramp costs at Fort Hills. We still see a robust second-half 2018 and 2019 free cash flow story and would recommend investors look through any near-term
Hot Energy Stocks To Own For 2018: Enbridge Inc(ENB)
- [By Shane Hupp]
Texas Yale Capital Corp. reduced its stake in shares of Enbridge (NYSE:ENB) (TSE:ENB) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,681 shares of the pipeline company’s stock after selling 3,739 shares during the quarter. Texas Yale Capital Corp.’s holdings in Enbridge were worth $1,469,000 as of its most recent SEC filing.
- [By Matthew DiLallo]
Several high-yielding dividend stocks have taken it on the chin this year due to a sell-off in the stock market and rising interest rates. That one-two punch has hit pipeline stocks the hardest, with several top-notch companies tumbling by a double-digit percentage since the start of the year. Three that stand out as excellent options to consider buying now that they’re on sale are Magellan Midstream Partners (NYSE:MMP), Antero Midstream Partners (NYSE:AM), and Enbridge (NYSE:ENB).
- [By Matthew DiLallo]
Refining giant Phillips 66 (NYSE:PSX) and Canadian energy infrastructure behemoth Enbridge (NYSE:ENB) initially pitched Gray Oak to oil shippers in early December. At the time, they envisioned a 385,000 barrel-a-day pipeline that would move crude from several connection points in West Texas to refineries and export docks along the Texas coast starting in the second half of 2019.
- [By Logan Wallace]
Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in Enbridge (NYSE:ENB) (TSE:ENB) by 19.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 116,204 shares of the pipeline company’s stock after buying an additional 18,674 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Enbridge were worth $3,657,000 at the end of the most recent quarter.
- [By Ethan Ryder]
D.B. Root & Company LLC boosted its position in Enbridge (NYSE:ENB) (TSE:ENB) by 56.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,823 shares of the pipeline company’s stock after buying an additional 3,889 shares during the quarter. D.B. Root & Company LLC’s holdings in Enbridge were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Hot Energy Stocks To Own For 2018: North American Energy Partners, Inc.(NOA)
- [By Lisa Levin]
In trading on Tuesday, energy shares slipped by 1.36 percent. Meanwhile, top losers in the sector included Northern Oil & Gas, Inc. (NYSE: NOG), down 9 percent, and North American Energy Partners Inc.(USA) (NYSE: NOA), down 6 percent.
Hot Energy Stocks To Own For 2018: Ring Energy, Inc.(REI)
- [By Monica Gerson]
Ring Energy Inc (NYSE: REI) is projected to post a quarterly loss at $0.05 per share on revenue of $7.92 million.
Gain Capital Holdings Inc (NYSE: GCAP) is estimated to post its quarterly earnings at $0.07 per share on revenue of $100.39 million.
Hot Energy Stocks To Own For 2018: Marathon Petroleum Corporation(MPC)
- [By ]
Early that day, Marathon Petroleum (NYSE: MPC) announced it would buy oil refiner Andeavor (NYSE: ANDV) in a $23 billion deal, or roughly $152 per share, a premium of about 24% over Friday’s closing price. Shares immediately rocketed 16% on the news.
- [By Stephen Mack]
We’ve seen this happen before. In December, shares of Russian oil company Rosneft jumped 21% in two weeks when it was acquired by Glencore Plc. (LON: GLEN). And back in 2015, MarkWest Energy Partners LP (NYSE: MWE) enjoyed a similar jump when it was acquired by Marathon Petroleum Corp (NYSE: MPC).
- [By ]
Marathon Petroleum Corp. (MPC) – “MPC offers attractive exposure to MPLX upside (Buy
rated, covered by Jerren Holder), IMO 2020 regulations, widening WCS and WTI
crude differentials and peer-leading dividend growth. Given weather impacts,
especially to Speedway, we are below consensus for MPC for first-quarter 2018, as well, but
expect investors to look through this given a strong second quarter and 2018-2020 outlook.”
- [By WWW.MONEYSHOW.COM]
Marathon Petroleum Corporation (MPC) is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio, explains dividend reinvestment expert Vita Nelson, editor of DirectInvesting.
- [By JJ Kinahan]
Energy was the other S&P sector in the green yesterday, helped by rising oil prices and excitement about the tie up between Marathon Petroleum Corp (NYSE: MPC) and Andeavor (NYSE: ANDV). Devon Energy Corp (NYSE: DVN) was the biggest gainer in the sector, rising more than 5 percent after the company raised its annual production forecast. (See more on oil below.)