In the month since I last wrote about Renesas Electronics (OTCPK:RNECY)(6723.T) the shares had been doing pretty well relative to the overall semiconductor space and peers/comps like Texas Instruments (TXN), Infineon (OTCQX:IFNNY), and STMicroelectronics (STM). Unfortunately, Renesas announced that there would be further inventory corrections in the second quarter related to product transitions that would pressure gross margin, and management didn’t explain it particularly well.
While the market for microcontrollers in general, and particularly those used in advanced automotive applications, is going to be intensely competitive, I believe Renesas’s share price still undervalues the opportunity. The company has strong share across its addressed markets, has been increasing R&D and trimming SG&A, and has shown that it can integrate large acquisitions. While longer lead times across the chip sector are a threat, and Renesas may be pressured by weaker comps in auto in 2018, the longer-term outlook is still quite attractive.
Hot Oil Stocks To Invest In Right Now: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
- [By Stephan Byrd]
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- [By Jon C. Ogg]
Encana Corp. (NYSE: ECA) has seen its shares rise 19% so far in 2019, outperforming its peers by about 500 basis points. That said, Encana shares have underperformed peers by over 20% since the NFX deal announcement last November. Merrill Lynch has a Buy rating and $11 price objective on Encana, almost 60% higher than the prior $6.89 close. The firm noted that Encana’s cube style completions have been an important driver of outperformance in the Permian. In the STACK, the firm expects Encana to be deliberate initially using “skinny cubes” to determine optimal vertical/horizontal spacing while targeting select zones using multi-well pads.
Hot Oil Stocks To Invest In Right Now: Transocean Inc.(RIG)
Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. The company also offers well and logistics services. In addition, it engages in oil and gas exploration, development, and production activities primarily in the United States offshore Louisiana and Texas, and in the United Kingdom sector of the North Sea. As of February 10, 2011, the company owned, had partial ownership interests in, and operated 138 mobile offshore drilling units, including 47 high-specification floaters, 25 midwater floaters, 9 high-specification jackups, 54 standard jackups, and 3 other rigs, as well as 1 ultra-deepwater floater and 3 high-specification jackups under construction. Transocean Ltd. was founded in 1953 and is based in Zug, Switzerland.
- [By WWW.GURUFOCUS.COM]
For the details of LASRY MARC’s stock buys and sells, go to www.gurufocus.com/guru/lasry+marc/current-portfolio/portfolio
These are the top 5 holdings of LASRY MARCPacific Drilling SA (PACD) – 18,702,188 shares, 49.14% of the total portfolio. New PositionVistra Energy Corp (VST) – 6,438,245 shares, 29.01% of the total portfolio. Shares reduced by 5.78%Transocean Ltd (RIG) – 7,772,098 shares, 10.62% of the total portfolio. New PositionMidstates Petroleum Co Inc (MPO) – 3,494,914 shares, 5.17% of the total portfolio. Roan Resources Inc (ROAN) – 1,57
- [By Tyler Crowe]
This was one of those quarters where Transocean’s (NYSE:RIG) results aren’t necessarily reflective of the company’s accomplishments. Even though Transocean posted yet another quarterly loss, the company completed a major acquisition and netted some notable contract wins. These won’t show up on the financial statements for a while, but they are indicative of a company poised to do better in the future.
Hot Oil Stocks To Invest In Right Now: Whiting Petroleum Corporation(WLL)
Whiting Petroleum Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. As of December 31, 2010, its estimated proved reserves were 304.9 million barrels equivalent of oil; and had interests in 9,698 gross productive wells covering approximately 1,115,000 gross developed acres. The company sells its oil and gas to end users, marketers, and other purchasers. Whiting Petroleum Corporation was founded in 1983 and is Denver, Colorado.
- [By Motley Fool Transcribers]
Whiting Petroleum Corp (NYSE:WLL)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Matthew DiLallo]
Shares of Whiting Petroleum (NYSE:WLL) sold off on Wednesday, falling more than 10% by 10:15 a.m. EST. Driving the decline was the oil company’s fourth-quarter report and its outlook for 2019.
Hot Oil Stocks To Invest In Right Now: Halliburton Company(HAL)
Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services, completion tools and services, cementing services, and Boots & Coots. Its production enhancement services include stimulation and sand control services; completion tools and services comprise subsurface safety valves and flow control equipment, surface safety systems, packers and specialty completion equipment, intelligent completion systems, expandable liner hanger systems, sand control systems, well servicing tools, and reservoir performance services; cementing services consist of bonding the well and well casing, while isolating fluid zones and maximizing wellbore stability, and casing equipment; and Boots & Coots include well intervention services , pressure control, equipment rental tools and services, and pipeline and process services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. Its services comprise fluid services, drilling services, drill bits, wireline and perforating services, testing and subsea services, software and asset solutions, and integrated project management and consulting services. The company serves independent, integrated, and national oil companies. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.
- [By ]
How To Invest
When spending dried up, this group was hit hard. Halliburton (NYSE: HAL) went from a profit of $3.5 billion in 2014 to a painful loss of $5.8 billion in 2016. But the pendulum is swinging. As any good salesman will tell you, it’s much easier to close deals when your customers have more cash in their pocket. And as we just discussed, big oil producers have $425 billion locked, loaded and ready to fire.
- [By Stephan Byrd]
Halcyon (HAL) is a PoW/PoS coin that uses the
X15 hashing algorithm. Its genesis date was July 16th, 2014. Halcyon’s total supply is 6,668,787 coins. Halcyon’s official website is halcyon.top. Halcyon’s official Twitter account is @halcyondev.
- [By Ethan Ryder]
Societe Generale downgraded shares of Halliburton (NYSE:HAL) from a buy rating to a hold rating in a report released on Friday, The Fly reports. They currently have $43.00 price target on the oilfield services company’s stock.
Hot Oil Stocks To Invest In Right Now: Marathon Oil Corporation(MRO)
Marathon Oil Corporation, through its subsidiaries, operates as an international energy company with operations in the United States, Canada, Africa, the Middle East, and Europe. It operates through three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. The Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Integrated Gas segment markets and transports products manufactured from natural gas, such as liquified natural gas and methanol. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is based in Houston, Texas.
- [By Matthew DiLallo]
Marathon Oil (NYSE:MRO) based its 2019 plans on oil averaging $50 a barrel. At that price point, the company can fund its $2.6 billion capital spending plan — enough money to grow its U.S. oil production by 12% this year — and its dividend with plenty of room to spare. Marathon has so much breathing room that it can fund its 2019 budget as well as its dividend at $45 oil, which means it’s on track to produce a gusher of free cash now that oil is in the mid-$50s. Marathon currently expects to return the bulk of that money to shareholders through additional share repurchases, which sets up investors to potentially earn some high-octane total returns this year if oil keeps going higher.
- [By Matthew DiLallo]
Marathon Oil (NYSE:MRO) delivered exceptional operational and financial results in 2018. Not only did its U.S. oil production outperform the midpoint of its initial guidance range by 22.5%, but it also generated a boatload of free cash flow. That strong performance is one of many reasons Marathon CEO Lee Tillman believes his company checks all the boxes for investors. He laid out the case for the company on its fourth-quarter conference call, detailing four reasons Marathon is an ideal oil stock. Here’s what he said.