The risk factors surrounding the nation’s oil industry are through the roof. The action is costing unprepared investors a lot of money. For proof, ask Delta Petroleum (NYSE:DPTR) shareholders.
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It wasn’t long ago that Venezuelan President Hugo Chavez’s decision to nationalize state oil company Petroleos de Venezuela SA (PDVSA) resulted in a failed coup that very nearly cost him his post.
You could be losing serious money every time you buy or sell a stock. Over time, that could add up to thousands upon thousands of dollars of losses and missed profits. You’re not alone – millions of investors fall into the same investing trap every year. But armed with these three secrets to profitable small-cap order execution, you can make sure that you’re on the upside of every penny stock trade.
Shares of Rentech (AMEX:RTK) are soaring today as word spreads about the company’s latest deal. Shares have more than doubled in less than two weeks.
If you’re looking for the next “Big Oil” play, bet on Beijing. As we’ve been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can.
I’ve been surprised over the past few weeks by the pace of biofuel development. These aren’t breakthroughs that are likely to produce obvious winners in the next few months, but the time line keeps pulling in. There’s a lot of skepticism about this technology, but there was also skepticism for every major tech development of the last three or four decades.
In late January, Exxon Mobil Corp. (NYSE: XOM), the world’s most ubiquitous oil giant, capped off a whipsaw year in the global oil markets by reporting net income of $45.2 billion, an all-time record for corporate profits that shattered the former record it had set a year before.
It’s not without some sort of satisfaction that many consumers react to the news that earning reports from oil companies have been dismal. After all, these companies have been making money off us hand over fist for quite some time.
CNOOC Ltd. (NYSE ADR: CEO) and Sinopec Corp. (NYSE ADR: SHI) have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China’s persistent attempts to acquire resources for its economic expansion at a time of weakness for many Western oil majors.