BP PLC (NYSE: BP), the second largest oil company in Europe behind only Royal Dutch Shell (NYSE: RDS-B), the second largest oil company in the world behind only ExxonMobil (NYSE: XOM), just bought Statoil Fuel & Retail, an aviation fuel business, from Alimentation Couche-Tard (OTCPK: ANCUF). This is significant as it shows that BP PLC is starting […]
Royal Dutch Shell (NYSE: RDS-B), Europe’s biggest oil firm, has declared “force majeure” again for its contracts in Nigeria due to hostilities. That means it is not bound to the contractual obligations. There is also trouble in other natural resource sectors in Africa, such as gold and copper. Tension is not limited to Africa, however, […]
The rally in natural resource stocks should catch the attention of all investors. SPDR Gold Shares, (NYSE: GLD), the exchange traded fund for gold, is up more than 10 percent for 2014 (chart below). United States Natural Gas, (NYSE: UNG), the exchange traded fund for natural gas, has risen more than 17 percent for 2014. […]
Even though growth in China, the world’s largest energy user, is down, the share prices for oil stocks is up. ExxonMobil (NYSE: XOM), the world’s biggest, has risen by more than 5 percent for the last week of market action. Royal Dutch Shell (NYSE: RDS-B), the second largest, has jumped nearly 8 percent for that […]
There are have been many other articles on this site about the positive aspects of investing in Big Oil stocks such as Royal Dutch Shell (NYSE: RDS-B), ConocoPhillips (NYSE: COP), and and Sasol Ltd (NYSE: SSL). A major reason for long term investing in these oil and natural gas companies is the dividend income. Here […]
Many “Big Oil” firms such as Royal Dutch Shell (NYSE: RDS-B), the second largest in the world, Occidental Petroleum (NYSE: OXY), and BP PLC (NYSE: BP), Europe’s second largest, have been selling assets. That would seem to imply that there is a bearish future for the sector. But it is the opposite for oil and […]
It certainly does not look that way based on how well the exchanged traded for oil, United States Oil (NYSE: USO) is doing! For 2014, United States Oil has jumped by more than 4.4 percent. It is up for the last week, month, quarter, and year of market action (chart below). Making the case for […]