In the wake of the latest market correction I would recommend investors revisit Exxon Mobile (XOM) and Chevron (CVX), if they have given the slightest thought of buying either company. Both major oil producers are in stable industries with very deep entrenched businesses around the globe. Energy is needed by everyone in every country and these companies have the capital and network to provide what is demanded. I particularly like XOM & CVX right now
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American Airlines announced a record-setting order for new aircraft today, and it shows where the airline industry is headed. The Dallas-based company will buy 460 planes from Airbus and Boeing, with options for another 465. The massive order comes as airlines rush to reduce operating costs by replacing their aging fleets with new, more fuel-efficient aircraft. The order brought with it an announcement from Boeing on the fate of the 737, which will be updated
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If you’re the least bit familiar with Master Limited Partnerships (MLPs), you know that they have a funny quirk to them; they annual provide you with a strange tax form called a K-1 schedule and at times can require you to pay taxes to the states the MLP operates in. If these factors pose enough trouble to drive you away from such an investment, an alternative exists. The reason why MLPs are quite popular is
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Sometimes swinging for the fences isn’t the best idea. It would be nice to get rich quick over night, but the reality is the odds are heavily stacked against you. For a moment, let’s think about the long-term; 10 or 20 years. Over that time period you want to grow your portfolio’s value and create a foundation that is going to reap larger rewards in the future. Often times some of the best investing ideas
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While energy sources like sunlight and wind are free and naturally replenished, converting them into large quantities of electricity requires vast amounts of natural resources — most notably, land. Even a cursory look at these costs exposes the deep contradictions in the renewable energy movement…READ MORE. My Take: Robert Bryce’s opinion piece is an interesting one because he talks about the environmental costs that are obvious, but overlooked, when considering many of the more popular
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Energy is once again on the front burner. Crises in the Middle East and North Africa are roiling global oil markets, and disaster in Japan set off a chain of events that once again calls into question the safety of nuclear power, an important source of electricity. The most immediate impact on most Americans is pain at the pump, with gasoline prices now more than $4 a gallon in parts of the U.S. But what’s
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Yesterday, Google announced a $168 million dollar investment in the Brightsource Ivanpah project, a 450 foot tall solar power tower located in California’s Mojave desert. The investment is Google’s largest single investment to date, and brings the company’s total investment in clean energy technology to a cool quarter of a billion dollars…READ MORE. My Take: When I first came across this article I could not help but think of the concept of “core-competency.” The article
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Enmax Energy Corporation, wholly owned by the City of Calgary, Alberta, said Monday construction will begin this month on its 800-megawatt Shepard natural gas-fired generation plant. The plant, expected to cost more than CDN$1.3 billion, will provide enough power for about half of the city’s population of one million residents…READ MORE. My Take: As I’ve said before, a shift towards a different energy resource does not happen over night. Slowly, but steadily we’re seeing an
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While rising oil and gas prices have captured all of the media attention lately, there’s another energy story about falling prices that has gone largely unreported. According to data released last week by the Department of Energy, natural gas prices for residential consumers fell to a seven-year low in January of $9.80 per 1,000 cubic feet…READ MORE. My Take: Do you see the chart above this line of text? Natural gas prices are around the
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If you keep up on natural gas prices you know that they are not anywhere near their 5 year highs of $14/mmBTU. Today natural gas trades around the high $3 – low $4 range. Prices are low and have remained so for a few years now. A lot has to do with increasing natural gas discoveries around the world and more advanced extraction technology. As other costs of energy increase, natural gas will be a
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