Capital Markets

Source: CNBC

Stocks gain as gold surges to record, Republicans prepare $1T coronavirus package

Fox Business


U.S. equity markets rallied Monday as Republicans readied their $1 trillion coronavirus stimulus bill and a U.S. consulate in China was closed.

The Dow Jones Industrial Average was up 76 points, or 0.3 percent while the S&P 500 …

July 27, 2020 - 3:00 pm Capital Markets, Finance
Source: CNBC

Deutsche Bank targets earnings beat but guidance throws up questions

CNBC


Deutsche Bank is expecting to announce quarterly earnings “slightly above” consensus on Wednesday, but the guidance raises questions about the investment bank (IB) market share, according to Barclays analysts.

Consensus estimates compiled by the bank pointed to a net

July 27, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Earnings, Finance
The 360 Digital Closing Bell Look Ahead–7-27-2020

The 360 Digital Closing Bell Look Ahead–7-27-2020

Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover

Source: Reuters

Column: Hedge fund buying switches from crude to fuels – Kemp

Reuters


LONDON – Hedge funds continued buying oil last week, but the focus switched from crude to previously-neglected refined products, where cautious positioning and very low refinery margins may offer more upside potential.

Hedge funds and other money managers purchased …

Source: Reuters

Individual investors are a ‘big part’ of the market over last few months, NYSE president says

CNBC


NYSE President Stacey Cunningham said Friday that individual investors have participated in a big way during the market’s record rally that’s seen the S&P 500 jump 48% from its March 23 low.

“The retail investor has been a big …

July 24, 2020 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Forbes

Barclays sees near-tem oil price correction if demand recovery slows

Reuters


Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.

While a recent rally has been supported by faster-than-expected rebalancing of …

Source: CNBC

Bill Ackman: Pershing Square ‘taking no compensation’ for new SPAC investment vehicle

CNBC


Pershing Square Capital Management founder Bill Ackman said that his new special purpose acquisition company is the “most investor friendly SPAC in the world.”

“What’s new in our structure is it’s the first SPAC where we’re taking no compensation: …

July 22, 2020 - 3:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Hedge funds stick to the sidelines on oil: John Kemp

Reuters


LONDON  – Hedge fund position-taking in crude and products remains desultory as uncertainty about the future direction of prices and the course of the coronavirus pandemic compounds the normal summer-time trading slowdown.

Hedge funds and other money managers purchased …

Source: Reuters

Stakeholder capitalism set to become ‘more and more important,’ says BlackRock’s Fink

CNBC


In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday.…

Preview the Energy Innovation Capital Accelerator session at EnerCom’s virtual The Oil & Gas Conference® August 17-19, 2020

Preview the Energy Innovation Capital Accelerator session at EnerCom’s virtual The Oil & Gas Conference® August 17-19, 2020

Oil and Gas 360


DENVERJuly 16, 2020 /PRNewswire/ — EnerCom, Inc. is pleased to announce that the 25th Anniversary of The Oil and Gas Conference® will include the Energy Innovation Capital Accelerator Session on Monday, August 17, 2020

Source: Reuters

BlackRock cast tougher climate votes, environmentalists want more

Reuters


BOSTON – BlackRock Inc (BLK.N) released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its …

Source: Reuters

Column: Hedge funds pause oil buying as rally stalls

Reuters


LONDON – Hedge funds have stopped buying oil in recent weeks as the rally that carried prices higher during May and June has run out of momentum, amid concerns about the faltering economic recovery

 

Hedge funds and other …

Warren Buffett adds Energy Stocks to Portfolio as Recovery Presents Opportunity

Warren Buffett adds Energy Stocks to Portfolio as Recovery Presents Opportunity

Warren Buffett has built his nearly half-a-trillion-dollar Berkshire Hathaway (NYSE: BRK.A)(N…

July 13, 2020 - 12:41 pm Capital Markets, Economy, Press Releases
Source: CNBC

Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

CNBC


The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.

Earnings are expected to fall …

Sustainable funds ‘held their own’ in second quarter rebound: Morningstar

Sustainable funds ‘held their own’ in second quarter rebound: Morningstar

Reuters


BOSTON  – Most sustainable equity funds performed well during the second-quarter comeback rally of U.S. stocks, researcher Morningstar said in a report, gaining an edge on rival funds by owning companies with lower risk levels.

Sustainable funds 'held their own' in second quarter rebound: Morningstar- oil and gas 360

 

The results bolster …

July 10, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Sustainability
Source: Fox Business

Stocks battle higher as coronavirus treatment shows promise

FOX Business


U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.

 

The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …

July 10, 2020 - 1:00 pm Capital Markets, Commodity Pricing, Finance
Source: Reuters

Energy industry veterans to launch hydrogen investment fund

Reuters


LONDON  – Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.

Hydrogen has long-been touted as a potential …

Source: CNBC

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis

CNBC


Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter.

The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common …

July 8, 2020 - 2:30 pm Capital Markets, Earnings, Finance
Source: CNBC

Goldman warns delayed election results this November similar to Bush-Gore could rock the market

CNBC


Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

Goldman Sachs chief U.S. equity strategist David Kostin …

July 8, 2020 - 1:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Forbes

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes


Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …

Source: CNBC

Oil prices just had their best quarter in 30 years — what’s next?

CNBC


Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

Brent crude futures skyrocketed more than 80% in …

The 360 Digital Closing Bell Look Ahead– 6-29-2020

The 360 Digital Closing Bell Look Ahead– 6-29-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover

Source: CNBC

Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic

CNBC


The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic.

The Fed said …

June 26, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Source: CNBC

When the stock market is this overvalued, it is usually lower 12 months later

CNBC


The stock market could be in trouble after its historic surge from the late-March lows as valuations become increasingly elevated, data compiled by RBC Capital Markets showed.

The S&P 500′s trailing price-earnings ratio, a widely used valuation metric, …

June 23, 2020 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

BofA sees oil demand recovering, hikes crude forecasts

Reuters


Bank of America (BofA) Global Research has lifted its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure.

The bank now sees …

Source: Reuters

UBS raises Brent forecasts, sees undersupplied oil market

Reuters


UBS raised its forecasts on Thursday for the price of Brent crude this year, citing expectations of an undersupplied oil market as demand starts to pick up on the back of a recovering global economy.

“Supply is being curbed …

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

EIA


Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel

Asian Development Bank to end fossil fuel financing

Asian Development Bank to end fossil fuel financing

Trend


NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy …

June 17, 2020 - 7:33 pm Borrowing Base, Capital Markets, Economy, Finance, International

360 News Desk EXCLUSIVE: Murphy Oil Reduces CAPEX, Sees 4-% Reduction in Expenses Y/y

Oil and Gas 360 Publishers Note: Written By Michael Tanner – email: [email protected]

Capital expenditures were reduced by an additional $40m following 1Q results, Murphy Oil Corp. said in a presentation on its website.

Other items of note:

  • CAPEX down
June 17, 2020 - 11:20 am Capital Markets, Uncategorized
Source: Reuters

How negative oil prices revealed the dangers of the futures market

CNBC


A historic drop occurred on April 20,  when the price of West Texas Intermediate crude dropped by almost 300%, trading at around negative $37 per barrel.

The price of oil has steadily recovered, jumping by nearly 90% in May