Tag: @LCO27G
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Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon’s top five shareholders.
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Lawmakers float gas-tax break, commuter deduction to ease pressure of high prices at the pump
With affordability ranking as a major issue ahead of the Nov. 3 midterm elections, lawmakers are introducing bills to reduce the cost of gasoline and diesel.
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Bank of America says Brent crude oil could top $150 a barrel if Iran war disruptions persist
Analysts at the Bank of America have raised their outlook if Iran war continues to escalate
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Sullivan: Wall Street admits it doesn’t know where oil is headed. There’s one stock they do agree on
JPMorgan’s commodity team admitted what many are thinking on the Iran situation and oil: We just don’t know.
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Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
Oil prices fell on Friday as additional Saudi crude supplies help ease disruption fears.
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A breakout in the 10-year Treasury yield could hold back stocks if it reaches this level
“For any yield above 5.25%, equity prices go down,” one chief investment officer says.
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JPMorgan oil team gives up on forecasting Iran war endgame as Trump blows past economic redlines
JPMorgan assumed at the start of the war that several economic redlines would force President Donald Trump into an agreement to open the Strait of Hormuz.
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Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
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CNBC Daily Open: The Fed rate hikes might not be one-and-done
The Federal Reserve waited three years to raise interest rates, but it may not wait nearly as long to do so again.
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Continental Resources to develop massive oil patch in Venezuela
Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.
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