Tag Archives: MRO

Top 10 Oil Stocks To Buy Right Now

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>>>

Top Oil Stocks To Invest In 2023

Investors in Exxon Mobil (NYSE:XOM) stock have had a strong 2021 so far.

Source: Harry Green / Shutterstock.com

XOM stock is up over 33% year-to-date (YTD) and 40% over the past year. Yet regular InvestorPlace.com readers are familiar how challenging 2020 was for many oil names like Exxon.

In the initial months of the pandemic, cash flows struggled. Exxon faced sluggish demand and lower commodity prices.

The stagnant oil market led to the removal of XOM stock from the Dow Jones Industrial Average (DJIA), but developments in 2021 have meant an improvement in....More>>>

Top 10 Oil Stocks To Invest In Right Now

Per a detailed damage survey undertaken by Royal Dutch Shell plc , Hurricane Ida caused a severe structural destruction to its West Delta-143 (WD-143) offshore facilities, inducing the same to remain offline for repairs.

Production from Shell’s properties in the Gulf of Mexico’s Mars corridor is transferred to onshore crude and natural gas terminals through its WD-143 sites.

The company hopes to restart production activity in the fourth quarter of 2021 from its Olympus platform, which flows through the WD-143 C facility. Also, it anticipates output generation from....More>>>

Top 10 Oil Stocks To Watch Right Now

The short interest in social media company Snap Inc. (NYSE: SNAP) rose 16 million shares, or 17%, to 109 million shares for the period that ended May 15. It is the 11th most shorted stock traded on the New York Stock Exchange. Worse, the position is 25% of the float, a sign of how big the bet really is.

After a brief rally earlier in the year, Snap shares are back near their 52-week low of $10.50, against a high for the period of $21.75. Among the reasons are poor earnings and savage competition from much larger Facebook. In the midst of all this, Snap thinks among the most important....More>>>

Top 5 Clean Energy Stocks To Buy Right Now

HDFC Securities’s research report on Tech Mahindra

Tech Mahindra delivered poor revenue growth in 1QFY19 while margin performance was better than expected. Revenue stood at USD 1,224mn (-1.6% QoQ, +0.3% CC), vs our estimate of USD 1,228mn. Enterprise (+1.8%, +3.8% CC QoQ) continue to drive growth led by traction in Manufacturing (+2.5% QoQ) and BFSI (+2.9%). Digital (27% of rev, +30% YoY) is growing in-line with industry average and is driving enterprise growth. Telecom (39.6% of rev, -6.3% QoQ) is dragging overall revenue growth; however management sees it as a seasonal blip....More>>>