First it was trade wars, now it’s real wars.
The Dow opened down 200 points on Wednesday after President Donald Trump threatened Russia, tweeting the country should “get ready,” because bombings “are coming” to Syria.
Worries about a conflict in the Middle East impacting oil supplies lifted crude prices by 1% to $66 per barrel.
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“Our president is back on the tweet cycle again,” said Bruce McCain, chief investment strategist at Key Private Bank.
“The big concern, much like the tariff issue, is: Does this broadens into something nastier? Will Russia somehow retaliate and drag us into something more?” asked McCain.
Dow futures were already slightly lower before Trump tweeted. The Wall Street Journal reported overnight that the Trump administration is pressing allies to back a military strike on Syria. The White House said on Tuesday that Trump canceled a planned trip to South America to remain in the United States to “oversee the American response to Syria.”
Hot Oil Stocks To Watch For 2018: Whiting Petroleum Corporation(WLL)
Advisors’ Opinion:
- [By Max Byerly]
Sheaff Brock Investment Advisors LLC purchased a new position in Whiting Petroleum Co. (NYSE:WLL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,439 shares of the oil and gas exploration company’s stock, valued at approximately $489,000.
- [By WWW.GURUFOCUS.COM]
For the details of DFT Energy LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=DFT+Energy+LP
These are the top 5 holdings of DFT Energy LPWhiting Petroleum Corp (WLL) – 400,000 shares, 18.19% of the total portfolio. Shares added by 2.56%Hess Corp (HES) – 170,000 shares, 11.57% of the total portfolio. Shares added by 30.77%Noble Energy Inc (NBL) – 200,000 shares, 8.15% of the total portfolio. Southwestern Energy Co (SWN) – 1,360,000 shares, 7.92% of the total portfolio. Shares added by 4.62%Anadarko Petroleum Corp (APC)
Hot Oil Stocks To Watch For 2018: Apache Corporation(APA)
Advisors’ Opinion:
- [By ]
Presto, West Texas Intermediate crude rose 3% to $71.18, the highest since December 2014, boosting shares of oil companies including Occidental (OXY) , which gained 4.8%, Marathon (MRO) , up 3.8%, and Apache (APA) , which gained 2.5%. Spot gasoline also rose 2.7% to $2.17 a gallon, boding ill for the summer driving season in the U.S. and potentially eroding any gains middle-class Americans received from the Trump tax cuts.
- [By John Bromels]
Three companies that the market has walloped areApache Corporation(NYSE:APA),Magellan Midstream Partners(NYSE:MMP), andGeneral Motors(NYSE:GM). Here’s why these stocks look like bargains, and why today might be a good time to scoop up some shares.
- [By ]
Now, I haven’t dabbled in U.S. shale oil or in the permian basin since I extracted myself from Apache (APA) several months ago after an epic fight in the name of capital preservation. But The Wall Street Journal ran a piece last week explaining that due to already-mentioned distribution bottlenecks, Permian-basin oil prices had fallen below $60 a barrel despite the fact that WTI futures were trading above $70.
Hot Oil Stocks To Watch For 2018: ConocoPhillips(COP)
Advisors’ Opinion:
- [By Chris Lange]
The number of ConocoPhillips (NYSE: COP) shares short rose to 24.44 million from the previous level of 23.91 million. Shares were trading at $64.80, within a 52-week range of $42.27 to $67.30.
- [By Spencer Israel]
Oil companies were popular sells for the month, including ConocoPhillips (NYSE: COP), BP p.l.c. (NYSE: BP), and Transocean Ltd. (NYSE: RIG) all net sold. Investors also net sold Alcoa Corp. (NYSE: AA), Starbucks Corporation (NYSE: CMG). and Facebook Inc. (NASDAQ: FB) in the midst of CEO Mark Zuckerberg's testimony before Congress.
- [By Max Byerly]
ConocoPhillips (NYSE:COP) SVP Janet Langford Kelly sold 59,389 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $65.95, for a total value of $3,916,704.55. Following the completion of the transaction, the senior vice president now directly owns 100,600 shares in the company, valued at $6,634,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hot Oil Stocks To Watch For 2018: Williams Partners L.P.(WPZ)
Advisors’ Opinion:
- [By Lisa Levin]
Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..
Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.
- [By Stephan Byrd]
Barclays set a $46.00 price target on Williams Pipeline Partners (NYSE:WPZ) in a research note published on Saturday. The brokerage currently has a hold rating on the pipeline company’s stock.
- [By Matthew DiLallo]
Williams Companies (NYSE:WMB) was off to a great start in 2018 thanks to the growth of its majority-owned master limited partnership,Williams Partners (NYSE:WPZ). There’s plenty more where that came from, which was clear from the comments of CEO Alan Armstrong on the accompanying quarterly conference call. While he didn’t fill in every detail about what lies ahead, he made sure investors knew that the company’s future looks bright.
