PetroChina (NYSE: PTR), the Chinese state oil company, presented to Peruvian hydrocarbons licensing authority Perupetro on May 20, 2017, a development plan of Block 58, which is located in the Amazon jungle in the southern Cusco region of Peru (see Fig. 1 below).
According to the plan, PetroChina is to invest $2 billion in the block over the next six years to drill 60 wells, which will start this year. Block 58 is estimated to hold approximately 3.9 Tcf of natural gas reserves, per Perupetro. PetroChina reportedly would start development drilling later this year, targeting first gas production in 2023, which might be pushed up to 2021 with streamlined governmental permitting.
Perupetro official said the produced gas would be used for power plants on the southern coast and potentially feed into Peru LNG located at Pampa Melchorita on the central coast.
really good stocks to invest in: AMTEK, Inc.(AME)
- [By Ben Levisohn]
Flexing the barbell strategy to balance Safe Havens with more cyclical exposures. In our view, industrials investors should be positioning their portfolio with a barbell strategy, with half of the exposure in Safe Havens like General Electric, Xylem (XYL), Danaher, Honeywell International, Roper Technologies (ROP), and AMETEK (AME), and the other half selectively in the cyclical names that are better positioned today, such as Pentair, HD Supply Holdings (HDS),Actuant (ATU), Atkore International Group (ATKR), Ingersoll-Rand, and Eaton (ETN). We still believe risk-reward is mostly balanced and that the macro will remain choppy into 2017, supporting a positioning in the defensive names. But if investor sentiment improves on not-worse news and earnings results, the more cyclical names could fare better.
really good stocks to invest in: Magal Security Systems Ltd.(MAGS)
- [By WWW.MONEYSHOW.COM]
Magal Security Systems (MAGS) is an Israeli company whose stock trades in the US. The company specializes in “smart fences” that protect large geographic areas, power plants, military bases, prisons, and building complexes against unwanted intrusions.
- [By Peter Graham]
Israel based small capMagal Security Systems Ltd (NASDAQ: MAGS)was established in 1965 as a branch of the Israeli Aerospace Industry focused on developing smart fences for security. It was floated and privatized15years later and hadanIPO on NASDAQ on 1993. Today, Magal Security Systems is a leading international provider of solutions and products for physical and video security solutions, as well as site management. MAGS offers comprehensive integrated solutions for critical sites, managed by Fortis4G the Companys4th generation, cutting-edge PSIM (Physical Security Information Management system). The solutions leveragea broad portfolio of homegrown PIDS (Perimeter Intrusion Detection Systems), advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) Security solutions.
- [By Lisa Levin]
In trading on Tuesday, industrial shares fell by 0.04 percent. Meanwhile, top losers in the sector included Unilever N.V. (ADR) (NYSE: UN), down 8 percent, and Magal Security Systems Ltd. (USA) (NASDAQ: MAGS), down 6 percent.
really good stocks to invest in: Callidus Software, Inc.(CALD)
- [By Lisa Levin]
In trading on Monday, technology shares fell 0.14 percent. Meanwhile, top losers in the sector included Sequans Communications SA ADR (NYSE: SQNS), down 8 percent, and Callidus Software Inc. (NASDAQ: CALD), down 6 percent.
really good stocks to invest in: Popeyes Louisiana Kitchen, Inc.(PLKI)
- [By Ashley Moore]
Popeyes Louisiana Kitchen Inc. (Nasdaq: PLKI) stock is up 19% today (Tuesday) after Burger King’s parent company, Restaurant Brands International Inc. (NYSE: QSR), announced it will buy the fast-food chicken company.
- [By Monica Gerson]
Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) is estimated to post its quarterly earnings at $0.64 per share on revenue of $85.31 million.
SpartanNash Co (NASDAQ: SPTN) is expected to post its quarterly earnings at $0.49 per share on revenue of $2.28 billion.
- [By Daniel Miller]
While chicken and burgers might not sound like a match made in heaven for dinner, it could be tasty for investors inRestaurant Brands International (NYSE:QSR). The parent company of Burger King agreed to purchase Popeyes Louisiana Kitchen Inc. (NASDAQ:PLKI).
really good stocks to invest in: Canon, Inc.(CAJ)
- [By Paul R. La Monica]
Miscellaneous shorts. Lamensdorf is also betting against Japanese printer and camera giant Canon (CAJ) since he believes the company still hasn’t figured out a way to compete with smartphones.
- [By Dan Carroll]
Nikon’s story is similar to what’s plaguing its Japanese rival, Canon (NYSE: CAJ ) . Canon’s stock has nosedived by 20% year to date, but the stock’s recovered nearly 3% over the past month. Don’t let appearances fool you: The company slashed its full-year sales and profit forecasts back in July, as the worldwide camera market has slumped, and as smartphones continue to take over this aging niche. Canon’s route back to respectability looks like a treacherous climb.
really good stocks to invest in: Two Harbors Investments Corp(TWO)
- [By David Hanson]
This week at the Barclays Capital Global Financials Conference, droves of CEOs, CFOs, and CIOs trotted on stage to address a room full of eager analysts. One of the lone mREITs represented was Two Harbors (NYSE: TWO ) . CEO Tom Siering and CIO Bill Roth weighed in on the current environment.