The OPEC+ oil production cuts will increase gas prices — here’s how much

The OPEC+ oil production cuts will increase gas prices — here’s how much

Surprise crude oil production cuts from Saudi Arabia and other oil-rich countries shouldn’t produce worries of skyrocketing gas costs for U.S. drivers still smarting from last year’s pump price shocks, according to fuel industry experts. At a time when gas prices are already increasing because of rising seasonal demand, the slashed crude oil output that…

Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat

Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat

These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Warren Buffett’s Berkshire Hathaway Inc. had upped its stake in the energy company by 6 million shares, taking its total to over 200 million shares worth…

Opinion: These 2 oil stocks look cheap now because of their ‘ESG discount’ — but maybe not for long

Opinion: These 2 oil stocks look cheap now because of their ‘ESG discount’ — but maybe not for long

Some quality stocks are being heavily discounted now because environmental, social and governance (ESG) investors shun them. Consider the energy giants TotalEnergies TTE, +3.19% and Shell SHEL, +3.29%.   Shares of these two Europe-based companies trade at half the valuation of their U.S. counterparts. “It’s absurd,” says Dan O’Keefe, manager of the Artisan Global Value…

Not Beyond Petroleum after all — BP says it’s increasing investment in oil and gas as much as it’s boosting renewable spending

Not Beyond Petroleum after all — BP says it’s increasing investment in oil and gas as much as it’s boosting renewable spending

BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls “transition growth engines,” a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability. BP BP, -0.88%…

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com,…

Best stock picks for 2023: Here are Wall Street analysts’ favored choices

Best stock picks for 2023: Here are Wall Street analysts’ favored choices

Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ favorite stocks among the benchmark S&P 500 SPX, the S&P 400 Mid Cap Index MID and the S&P Small Cap 600 Index SML that are…

These 20 energy stocks are worth a look if you think oil prices will soar in 2023

These 20 energy stocks are worth a look if you think oil prices will soar in 2023

Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market would be sold off, and that oil prices would continue to rise through the end of 2022. The first prediction came true, while the second…

20 dividend stocks with high yields that have become more attractive right now

20 dividend stocks with high yields that have become more attractive right now

Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow is improving. Below is a broad screen of REITs that have high dividend yields and are also expected to generate enough excess cash…

Kremlin could seize Russian assets of U.S. companies, warns Moral Rating Agency

Kremlin could seize Russian assets of U.S. companies, warns Moral Rating Agency

The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research. With the war now in its sixth month, the Moral Rating Agency has released new data on 47 of the largest companies in the world, which it says have assets at…

These dividend stocks yield at least 5% and have plenty of room to raise payouts

These dividend stocks yield at least 5% and have plenty of room to raise payouts

This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts considerably. There are different approaches to selecting dividend stocks. For example, John Kornitzer, who co-manages the Buffalo Flexible Income…

Oil flips between gains and losses as OPEC+ boosts output, but worries over lost Russia supply remain

Oil flips between gains and losses as OPEC+ boosts output, but worries over lost Russia supply remain

Oil prices seesawed Thursday, after the Organization of the Petroleum Exporting Countries and its allies agreed to boost output by a larger-than-usual amount in July and August but failed to dispel worries over the supply gap expected to be left by Russian crude. Price action West Texas Intermediate crude for July delivery  CL.1, -0.15% CLN22,…

Shale drillers are pumping out dividends instead of more oil and gas

Shale drillers are pumping out dividends instead of more oil and gas

Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to. Executives at firms including Pioneer Natural Resources Co. PXD, -1.48%,…