Dr. Kent Moors
Americans are continuing to digest Trump’s upset election victory on Nov. 8, but the continuing debate and uncertainty over what’s ahead isn’t limited to social issues.
Two major energy policy issues in particular – Trump’s promise to make America energy independent and his stated desire to renegotiate or cancel the “nuclear deal” with Iran – have insiders all over the world concerned as well.
A great many of those insiders are here with me in the United Arab Emirates for meetings on the future of energy, particularly over the next four years.
But amid all the uncertainty, there’s a big issue out there that isn’t really being addressed. It’s on the table here in the Emirates because it could have the biggest impact of all.
This Should Be the Ultimate U.S. Policy Goal
I’ve said throughout the election season that, whoever won, the pursuit of a balance of sources, above all else, must be the target.
Hot Energy Stocks To Own Right Now: Virtus Investment Partners Inc.(VRTS)
- [By Lisa Levin]
Shares of Virtus Investment Partners Inc (NASDAQ: VRTS) got a boost, shooting up 19 percent to $111.05 following Q3 results. Virtus Investment posted Q3 earnings of $1.64 per share on revenue of $82.3 million.
Hot Energy Stocks To Own Right Now: Exxon Mobil Corporation(XOM)
- [By Money Morning News Team]
In its most recent “Energy Outlook,” Exxon Mobil Corp. (NYSE: XOM) predicted oil will continue to be the primary source of the world’s energy through 2040.
- [By Paul Ausick]
Exxon Mobil Corp. (NYSE: XOM) traded up 0.56% at $83.00. The stock’s 52-week range is $80.31 to $95.55. Volume was about half the daily average of around 13 million shares. The company had no specific news.
- [By Ben Levisohn]
So how will we know that the worst is over? Fundstrat technical analyst Robert Sluymer recommends “watching the downside leader, Energy, for evidence of decelerating,” particularly ExxonMobil (XOM) and Chevron (CVX). He explains:
- [By Dustin Parrett]
For comparison, Exxon Mobil Corp. (Nasdaq: XOM) is currently valued at $373.91 billion, making it the largest oil company in the United States. Aramco will be worth more than five times Exxon. In fact, Aramco will be worth more than the top “oil majors” of Exxon, Shell, BP, and Chevron combined.
- [By Paul Ausick]
This is the industrial giant’s 23rd consecutive week as the Dow’s worst performer. The company maintains a big lead over the second worst stock, International Business Machines Corp. (NYSE: IBM), down about 8.1% for the year, and third-worst, Exxon Mobil Corp. (NYSE: XOM), down about 7%. Only five of the 30 Dow stocks are trading down so far this year.
Hot Energy Stocks To Own Right Now: Ideal Power Inc.(IPWR)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested smallcap electrical power conversion product stock Ideal Power Inc (NASDAQ: IPWR)as a long trade: