Post Tagged with: "capital markets"

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: 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

Ex-Citigroup CEO Sandy Weill calls Morgan Stanley and Charles Schwab ‘very good buys’

CNBC


Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.”

Bank stocks have been hammered this week, giving …

June 12, 2020 - 12:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
Source: Reuters

Column: Hedge funds turn bullish on crude, remain cautious on fuels

Reuters


LONDON – Hedge funds continue to bet on a recovery in oil prices, but their bullishness is concentrated on crude, especially U.S. crude, while refined fuel markets are expected to take longer to tighten.

Hedge funds and other money …

Source: Reuters

Barclays raises oil price outlook as falling output offsets demand hit

Reuters


Barclays Commodities Research on Friday raised its oil price forecasts for this year and 2021, buoyed by supply cuts to balance the demand erosion caused by conrovirus-led restrictions.

In recent days, several OPEC nations including Saudi Arabia said they …

Source: Reuters

Sharp oil price pullback unlikely as demand improves: Goldman

Reuters


The risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs said, aided by a gradual lifting of coronavirus lockdowns and a faster-than-expected fall in output.

The Wall-Street …

Source: Reuters

Oil outlook for this year and next turning brighter: UBS

Reuters


UBS expects a pick-up in oil demand as virus-hit economies relax lockdowns and travel restrictions ease this month, with production to be subdued on the backdrop of current low prices and aggressive capital spending cuts by oil and gas …

Source: CNBC

A lot of negativity has already been priced into energy stocks, traders say

CNBC


Call it an S&P bright spot.

Energy was the only S&P 500 sector to end last week in the green, capping off a wild five trading days in the space.

The Energy Select Sector SPDR Fund (XLE) was down …

Source: CNBC

Since 2000, here’s where Dow, S&P 500 trade one month after wild moves in energy

CNBC


It may seem like ancient market history already, but last Friday the S&P 500 energy sector surged by more than 10%. By Monday the unprecedented drop in oil futures had sent a barrel of crude into negative territory, which …

Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks

CNBC


Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets.

The Bank of America Global Fund Manager survey for April reflects the large level …

April 14, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance
Source: CNBC

Data from investor Howard Marks shows why there may be another drop in stocks coming soon

CNBC


This comeback rally for stocks won’t last, if history is any indication.

Data compiled by investor Howard Marks shows that, during the two previous bear markets, the first big comeback rallies have been followed by sharp declines until a

April 8, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Economy, Finance
Source: CNBC

Market bounce is an ‘aftershock’ with ‘pretty horrific’ earnings to come, Citi analyst says

CNBC


Global stock markets have started this week with a bounce, as hopes that the coronavirus pandemic may be peaking drove investors back into risk assets following a historic downturn.

However, Citi strategists have suggested that the rally is nothing …

Source: Houston Chronicle

Stocks jump, heading for first back-to-back gain in 6 weeks

Houston Chronicle


NEW YORK (AP) — Stocks are adding to their gains Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus.

The S&P 500 was up 4.7% …

Source: CNBC

Coronavirus will likely deliver a short-term economic shock to the US, Canaccord strategist warns

CNBC


Canaccord Genuity’s Tony Dwyer warns that recession odds are growing. Dwyer sees the coronavirus outbreak putting the U.S. economy on thin ice.

“If you shut down some of these major cities from business activity, you’re going to go into …

March 4, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Finance, People
Source: CNBC

OPEC will ‘go beyond’ what the market has currently priced in, strategist says

CNBC


OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.

Oil prices have been under pressure since the outbreak of the coronavirus in January dampened the demand outlook for the year.

Following
Source: CNBC

Energy markets are in transition, and investors are retreating. Here’s why

CNBC


While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in …

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel
Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed

Source: Abraxas Petroleum

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum

By Tyler Losier, Energy Reporter, Oil & Gas 360

Saltstone Capital Management calls for special committee of the board to review strategic alternatives
Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas

Oil Teeters on Edge of Bear Market

Oil Teeters on Edge of Bear Market

From Bloomberg


Supply and demand both falling quickly, says BofA’s Blanch, Energy investors beat sector ‘to death’: RBC Capital Markets

Oil flirted with bear-market territory as Saudi Arabia insisted OPEC will avert a global supply glut after international trade brinkmanship …

The Capital Markets are Open to Oil & Gas: PLS

The Capital Markets are Open to Oil & Gas: PLS

PLS Capitalize™ Report: Oil & gas industry raised $186 Billion through U.S. public offerings in 2016; PLS predicts surge in M&A activity in 2017

Houston’s oil and gas research firm PLS Inc. provided the following statistical review of capital markets …

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom: 22 years of advising and serving energy-centric clients

DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms.  EnerCom, Inc. was recognized in the inaugural study in …