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Top Oil Stocks To Own For 2023

Labor Day in the U.S. is here, and that means an extended weekend for traders and investors alike as stocks regularly set fresh record highs.

Heading into the weekend, U.S. equities continued their upward march, boosted by technology stocks after private payrolls data on Wednesday suggested the Federal Reserve might not have to taper its bond purchases as soon as expected. The Fed has kept interest rates low and asset prices high by buying bonds.

The S&P 500 and Dow Jones Industrial Average traded lower Friday after the government’s....More>>>

Top 10 Oil Stocks For 2023

Shares of Magnolia Oil & Gas Corporation (MGY Quick QuoteMGY ) stock has shown no substantial movement since second-quarter 2021 earnings announcement on Aug 2. In fact, the firm’s shares failed to display an uptrend despite impressive bottom-line and top-line performances as well as an upbeat third-quarter production guidance, which indicates growth from the sequential quarter’s reported figure.

Delving Deeper

The company reported second-quarter adjusted net income per share of 56 cents, beating the Zacks Consensus Estimate of 37 cents. The bottom line reversed....More>>>

Top Oil Stocks To Buy For 2023

For those not in the loop, stocks in the Zacks  Transportation – Shipping  industry are responsible for ferrying a high proportion of goods involved in world trade. Consequently, the demand-weakness due to coronavirus-led disruptions has been a huge setback to the industry players so far. However, the easing of pandemic-induced restrictions and the resultant uptick in economic activities left a bullish impact on the shipping stocks as trading volumes gain traction.
Players like Star Bulk Carriers (SBLK Quick QuoteSBLK ) , Costamare (CMRE Quick QuoteCMRE ) , Genco Shipping....More>>>

Top 10 Oil Stocks To Own For 2023

Obafemi Oredein

Special to Dow Jones Newswires

IBADAN, Nigeria–Nigerian President Muhammadu Buhari on Wednesday directed the immediate implementation of the frame work of the country’s new Petroleum Industry Act, setting up a steering committee to carry out the assignment.

Mr. Buhari said the minister of state for petroleum resources, Timipre Sylva, will head the committee, urging all ministries, departments and agencies to “adjust to the transition, designed to reposition the economy.”

Other members of the committee include Mele Kyari, group....More>>>

Best Oil Stocks For 2023

Chevron Corporation (CVX Quick QuoteCVX ) through its subsidiary Chevron U.S.A. Inc. announced a memorandum of understanding (MOU) of a proposed joint venture with Bunge Limited’s (BG Quick QuoteBG ) unit Bunge North America, Inc., a global leader in the procurement, processing, and distribution of oilseed and grain products plus additives. The MOU aims to explore a potential collaboration to meet growing demand for renewable fuels and produce lower-carbon feedstocks.

Chevron and Bunge’s joint venture, once completed, will provide both companies with a reliable supply....More>>>