It's been more than three years since the spill at the Macondo well in the Gulf of Mexico, and day by day the prospects for oil exploration there seem to get better. A recent report by Wood MacKenzie shows that production in the Gulf went up 6% last year, and another 4% is expected this year. By 2018, the research group�believes�that the Gulf will be back to its pre-Macondo-spill high in�production�of 2 million barrels per day. �
For this to happen, though, exploration and production companies will need to spend a pretty penny. Between now and 2015, E&P companies are expected to spend somewhere around $20 billion. In this video, fool.com contributor Tyler Crowe looks at what this could mean for oil services companies that specialize in offshore regions such as the Gulf.
10 Best Industrial Disributor Stocks To Invest In Right Now: Fresnillo PLC (FRES)
Fresnillo plc is a silver and gold mining company. The Company, along with its subsidiaries, is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: the Fresnillo mine, located in the State of Zacatecas, which is primary silver mine; the Saucito mine, located in the State of Zacatecas, an underground silver mine; the Cienega mine, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; the Herradura mine, located in the State of Sonora, an open pit gold mine; the Soledad-Dipolos mine, located in the State of Sonora, an open pit gold mine, and the Noche Buena mine, located in State of Sonora, an open pit gold mine. Advisors' Opinion:- [By Holly LaFon]
The Fund's top detractors were Gold bullion, Newcrest Mining (NCM), Goldcorp (GG), Penn West Petroleum and Fresnillo PLC (FRES). Newcrest, Goldcorp and Fresnillo all suffered along with other gold miners as a result of the decline in the gold price during the year. Bangkok Bank (BKK:BBL)'s performance reflected the decline in the Thai SET Index which fell 11% during the quarter in dollar terms as a result of political issues in Thailand.
Top Oil Service Companies To Watch In Right Now: First Industrial Realty Trust Inc (FR)
First Industrial Realty Trust, Inc. is a real estate investment trust (REIT). The Company is a self-administered and fully integrated real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. It is engaged in the acquisition of individual properties, as well as multi-property portfolios. As of December 31, 2011, its in-service portfolio consisted of 354 light industrial properties, 113 R&D/flex properties, 159 bulk warehouse properties, 105 regional warehouse properties, and eight manufacturing properties containing approximately 68.6 million square feet of gross leasable area (GLA) located in 26 states in the United States and one province in Canada. The Company�� in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not reached stabilized occupancy (generally defined as properties that are 90% leased).
As of December 31, 2011, it also owned noncontrolling equity interests in, and provided various services to, two joint ventures. The Company�� interests in its properties and land parcels are held through partnerships, corporations, and limited liability companies controlled, directly or indirectly, by the Company, including the Operating Partnership, of which it is the sole general partner with an approximate 94.3% interests as of December 31, 2011. During the year ended December 31, 2011, the Company acquired one industrial property consisting of approximately 0.7 million square feet of GLA in connection with the purchase of the 85% interest in one property. The Company generates revenue primarily from rental income and tenant recoveries from long-term (generally three to six years) operating leases of its industrial properties. It also generates income from the sale of its properties.
As of December 31, 2011, the Non-Strategic Assets consisted of 133 industrial properties, including approximately 11.3 million square feet of GLA, and land parcels of approximatel! y 359 gross acres. As of December 31, 2011, the Company owned 739 in-service industrial properties containing approximately 66.3 million square feet of GLA. During 2011, the Company owned 739 in-service industrial properties containing an aggregate of approximately 66.3 million square feet of GLA in 26 states of the United States, and one province in Canada, with a diverse base of approximately 1,900 tenants engaged in a variety of businesses, including manufacturing, retail, wholesale. During 2011, the Company sold 36 industrial properties totaling approximately 2.9 million square feet of GLA and one land parcel.
Advisors' Opinion:- [By Rich Duprey]
Industrial real estate owner�First Industrial� (NYSE: FR ) �announced yesterday�its second-quarter dividend of $0.085 per share/unit, the same rate it paid last quarter when it reinstated its dividend after a four-year hiatus.
Top Oil Service Companies To Watch In Right Now: Blackrock Corporate High Yield Fund Inc (HYT)
BlackRock Corporate High Yield Fund VI, Inc. is a diversified closed-end management investment company. The Fund seeks to provide current income by investing primarily in a diversified portfolio of fixed-income securities.
The investments are rated in the lower rating categories of the rating services (Ba or lower by Moody's Investors Service, Inc., or BB or lower by Standard & Poor's Corporation) or are unrated securities of comparable quality. BlackRock Advisors, LLC. is the manager of the Fund.
Advisors' Opinion:- [By Aaron Levitt]
MMT comes with a hefty 6.76% distribution yield and is currently trading for a nearly 12% discount to its underlying value. That�� well over the normal discount range for the fund. �Expenses for MMT run 1.00% — or $100 per $10,000 invested — per year.
BlackRock Corporate High Yield Fund (HYT)Discount to NAV: 7.11%
Distribution Yield: 7.86%
Top Oil Service Companies To Watch In Right Now: Redcliffe Resources Ltd (RCF)
Redcliffe Resources Limited, formerly Pacrim Energy Limited, is engaged in gold exploration. The Company own 100% interest in Redcliffe Gold Project. The Redcliffe Gold Project lies northeast of the mining town of Leonora, which is 230 kilometer north of Kalgoorlie in Western Australia. The Project covers approximately 45 kilometers of strike length of the Mertondale Shear Zone (MSZ) along with parallel and associated structures. The Golden Terrace South (GTS) deposit lies within a granted mining lease in the southern portion of the Redcliffe Gold Project. The 727 Prospect is located less than five kilometer south east of Golden Terrace. The Kelly Prospect lies along the Mertondale Shear Zone some three to four kilometer north of Golden Terrace South. Advisors' Opinion:- [By Tom Stoukas]
Teleperformance SA (RCF) climbed 2.9 percent to 35.10 euros. Societe Generale SA raised its recommendation on the French operator of call centers to buy from hold. The brokerage said the shares��recent decline provides a buying opportunity. The stock has fallen 14 percent since its high on July 18.
Top Oil Service Companies To Watch In Right Now: Creston PLC (CRE)
Creston Plc is a United Kingdom-based company engaged in insight and communications services. The Company operates in three divisions: Communications division, which offers clients an integrated approach to their marketing and communication strategy, offering a range of services, which include advertising, brand strategy, channel marketing, customer relationship marketing, digital marketing, direct marketing, local marketing, social media marketing and public relations; Health division, which provides an integrated communications solution to the healthcare and pharmaceutical sector and offers services, which include advertising, advocacy, digital and direct marketing, public relations, issues and reputation management and medical education; Insight division, which performs a range of market research services on behalf of its clients, through both qualitative and quantitative means, using face-to-face, telephone and online data collection techniques. Advisors' Opinion:- [By Investment Biker]
Over the years, WAL has changed its loan origination strategy. Post crisis, WAL's i) loan growth has been driven by commercial real estate (CRE) and Commercial & Industrial loans (C&I), ii) Construction and development share of loans has reduced from 24% in 2005 to 7% in 1Q'2013 and iii) completely cessation of new loan origination in the residential mortgage segment.
Top Oil Service Companies To Watch In Right Now: Intercontinentalexchange Group Inc (ICE)
IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext. In February 2014, Intercontinentalexchange Group Inc completed the acquisition of Singapore Mercantile Exchange.
In November 2013, the Company announced the acquisition of NYSE Euronext. In November 2013, Financial Technologies (India) Ltd announced that Financial Technologies Singapore Pte. Ltd., a wholly owned subsidiary of Financial Technologies (India) Ltd., sold its ownership in SMX (together with its wholly owned subsidiary SMX CC) to ICE Singapore Holdings Pte. Ltd., an entity owned by the Intercontinentalexchange Group Inc.
Advisors' Opinion:- [By Eric Volkman]
IntercontinentalExchange's (NYSE: ICE ) impending acquisition of NYSE Euronext (NYSE: NYX ) doesn't pose enough of a threat to competition to warrant concern, at least according to the European Commission. As a result, the European Union's executive branch has approved the proposed transaction, saying that it does not "raise competition concerns as NYX and ICE are not direct competitors in the markets concerned and would continue to face competition from a number of other competitors."
- [By Sital S. Patel]
The CEO also courted several buyers for the exchange before finally landing with the IntercontinentalExchange (ICE) . NYSE Euronext was in talks to merge with Deutsche B枚rse AG, but that tie-up was eventually blocked by European regulators in 2012. ICE became the buyer with the acquisition of NYSE Euronext in 2013 for $8.2 billion.
- [By Inyoung Hwang]
Chen today has buy recommendations on IntercontinentalExchange Inc. (ICE) and asset manager State Street Corp. (STT)
The top analyst of large-cap banks in the Greenwich Associates/Bloomberg Markets ranking is Betsy Graseck of Morgan Stanley. In one of her best calls, she saw bad news for JPMorgan as good news for investors.
- [By Nick Taborek]
The discussions come as IntercontinentalExchange Inc. (ICE) prepares to complete the acquisition of NYSE Euronext, which owns the New York Stock Exchange, the oldest U.S. bourse. Combining Bats, based in Lenexa, Kansas, and Jersey City, New Jersey-based Direct Edge would make them the second-biggest market by volume.