Basic Materials

Devon Energy Corp DVN Stock News

Devon Energy Corp (NYSE: DVN)

Devon Energy Corp was having what seemed to be a relatively normal day in the market today. Throughout the session, the stock has seen its fair share of ups and downs, but has stayed in the green for the most part. However, the gains weren’t anything to write home about. Nonetheless, minutes ago, the stock started spiking. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to DVN ahead.





What We’re Seeing From DVN

As mentioned above, Devon Energy Corp was off to what seemed to be a normal trading session early on. When the opening bell rang, the stock was slightly in the green. From there, it saw its ups and downs, but nothing exciting. However, minutes ago, a rumor started to surface, leading to a large spike. Currently (11:03), DVN is trading at $47.07 per share after a gain of $0.50 per share (1.07%) thus far today.

Why The Stock Is Climbing

As is normally the case, our partners at Trade Ideas were the first to alert us to the gains on DVN. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. While the company has yet to release any fundamental news that would lead to such a spike, we did find something in the social space.




At the moment, if you search for Devon Energy Corp on your favorite social network, chances are that you will see a rumor. That rumor is that the company is going to be taken over soon. In this case, the rumor even includes a suitor – Chevron. Of course, that would make sense, but keep in mind that this rumor has not been confirmed by either side as of yet.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DVN. In particular, we’ll be watching for information regarding this rumor. After all, if an acquisition does happen, it will lead to a strong return of value for investors. We’ll keep a close eye on the news and bring it to you as it breaks!

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United States Steel Corporation X Stock News

United States Steel Corporation (NYSE: X)

United States Steel Corporation was off to what seemed to be a rough day in the market today. After starting the trading session slightly in the green, the stock started to take a dive immediately. Since then, it has been struggling through the red zone, trying to make it to the breakeven point. That is, until minutes ago, when the stock started to soar. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to X ahead.





What We’re Seeing From X

As mentioned above, United States Steel Corporation was off to what seemed to be a terrible day in the market today. At the opening bell, the stock was slightly in the green, but quickly took a turn for the worst, diving to losses. Throughout the morning, the stock has been working to recover from the early morning mishap. However, minutes ago, it started to spike, making it back in the green. Currently (11:26), X is trading at $37.06 per share after a gain of $0.25 per share (0.68%) thus far today.

Why The Stock Is Headed Upward

As always, as soon as our partners at Trade Ideas sent us the alert that X was headed for the top, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn’t take long to find the story. While there was no fundamental news released about the company, we were able to dig up a bit of a rumor.




At the moment, all over social media, we’re seeing a rumor with regard to United States Steel Corporation. That rumor is that an activist investor has either acquired a stake in the company or increased a stake in the company. However, there is no information in the rumor with regard to who the activist is, nor the size of the stake just yet.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching X incredibly closely. In particular, we’re interested in seeing if the activist investor rumors are true. If so, we want to know who the activist is and the size of the investment made. We’ll be watching the story closely and bringing you the news as it breaks!

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Oil

Oil has been a primary topic of conversation for some time now, and for good reason. Not too long ago, a supply glut showed itself to the world, leading to dramatic declines in the value of the commodity. Since then, the world has been looking for a solution to the problem. Over the past month, these solutions have been moving into full swing. Below, we’ll talk about what’s going on with the supply glut issue, a big new development in the solution, and what investors should be watching ahead.





What’s Going On With The Oil Supply Glut?

As mentioned above, just over a year ago, a supply glut in oil started to show it’s ugly head. Of course, as the law of supply and demand tells us, when high supply is a concern, the price of the commodity must fall. This law has never steered financial experts in the wrong direction and it likely never will. So naturally, when the supply glut came into the picture, the price of oil fell dramatically; reaching crisis levels over a period of time that felt like overnight.

Just under a year into the issue, OPEC started to get serious. While they had meetings in the past, the meetings never seemed to amount to a solution. However, a few months ago, the world’s leading oil cartel announced that it had reached an agreement to reduce oil product, which would ultimately balance supply and demand.




Nonetheless, this agreement was heavily scrutinized. At the end of the day, the original OPEC agreement wasn’t a real deal. Instead, it was an agreement in which all parties agreed to agree later. The truth is that at that time, OPEC members didn’t quite know what they were agreeing to. Nonetheless, they agreed to figure that all out by November 30th.

While the skeptics didn’t expect to see the agreement actually become finalized, OPEC surprised many on November 30th. On this day, the oil cartel reached and finalized an agreement under which its members would cut production of oil by 1.2 million barrels per day. Of course, oil has been climbing in value as a result… but it doesn’t end there.

What’s New?

While the markets were excited about the original OPEC deal, there was still some concern. The truth is that if the rest of the world didn’t catch on and join the fight against the glut, OPEC likely couldn’t solve the problem on their own. Nonetheless, it doesn’t look like they’re going to have to thanks to news that was released today.

Earlier today, it was announced that several non-OPEC member countries that are large producers of oil will be joining efforts to reduce the production of oil and help the value of the commodity recover. In fact, even Russia is getting in on the deal that cuts an addition 550,000+ barrels from global oil production. This came as a major, but welcomed surprise. After all, non-OPEC member countries have been reluctant to join the fight against the supply glut.

In a recent statement Jonathan Fieglestein, strategic analyst at Stern Options had the following to offer…

I believe that the reluctance to accommodate global production needs through a decline in production by non-OPEC member countries was largely the result of overzealous promises from OPEC early on. Because OPEC has ‘cried wolf’ so to speak in the past. After preparing the world for production cuts before failing to finalize agreements in the past, non-OPEC member countries started to take a wait and see approach. Now that OPEC has finalized a production cut and shown their willingness to accommodate global needs, more non-OPEC members are starting to follow suit for the better of the global energy marketplace.”

What Investors Should be Watching For Ahead

At the end of the day, the OPEC agreement and new non-OPEC member agreement to cut production are great for oil. However, it’s important to keep in mind that the current supply glut is massive. It will be interesting to see what the actually affect of this agreement on global supply and demand associated with oil proves to be. Nonetheless, the CNA Finance team will be watching the story closely and bringing you the updates as they break!

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Cliffs Natural Resources CLF Stock News

Cliffs Natural Resources Inc (NYSE: CLF)

Cliffs Natural Resources is having an incredibly strong day in the market today. When the opening bell rang, the stock was slightly in the green. Since then, we’ve seen an incredible run toward the top as the trading session has continued. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to CLF ahead.





What We’re Seeing From CLF

As mentioned above, Cliffs Natural Resources is having a relatively strong day in the market today. When the market opened, the stock was already slightly in the green. However, as the day has progressed, the stock has continued heading upward, leading to impressive gains. At the moment (11:12), CLF is trading at $9.24 per share after a gain of $0.47 per share (5.30%) thus far today.

Why The Stock Is Climbing Upward

As usual, our partners at Trade Ideas were the first to inform us of the run on CLF. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. It didn’t take long to uncover the story. While there has been no fundamental news released by or about the company, the movement is coming from chatter in social media.




At the moment, there’s quite a bit of social chatter surrounding Cliffs Natural Resources, and it’s based on two rumors. The first rumor is a very vague rumor that the company is going to be taken over soon. The rumor includes no buyer, no price, and no other details. The second rumor is that the company has hired advisors to explore options. Along the same lines, but a bit different. Once again, this is all unconfirmed at the moment.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CLF. In particular, we’ll be watching to see if either of these rumors is true. After all, either could be great news for investors. We’ll keep an eye on the news and update you as it breaks!

Update – We are hearing through the grapevine that CLF is denying these rumors.

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Bonanza Creek Energy BCEI Stock News

Bonanza Creek Energy Inc (NYSE: BCEI)

Bonanza Creek Energy is having an incredibly strong start to today’s trading session. When the opening bell rang, the stock quickly found its way to the green. From there, we’ve seen a continuation of strong upward movement pushing the stock higher and higher. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to BCEI ahead.





What We’re Seeing From BCEI

As mentioned above, Bonanza Creek Energy is having an incredibly strong day in the market today. As soon as the opening bell rang, the stock was already seeing impressive gains. Since then, the stock has been climbing higher and higher. As a result, BCEI is currently (10:08) trading at $2.22 per share after a gain of $0.34 per share (17.77%) thus far today.

Why The Stock Is Climbing

Our partners at Trade Ideas were the first to inform us of the gains in BCEI. As soon as they did, the CNA Finance team went to work to see exactly what was causing the movement. The truth is that there has been no fundamental news released by the company that would lead to such gains. However, on an industry-wide level, the gains are understandable.




At the end of the day, the energy industry has been doing incredibly well lately, and Bonanza Creek Energy is taking its piece of the pie. Following oil output cuts from OPEC and non-OPEC member nations, the excitement in the industry is understandable, and it’s exactly what’s causing the movement in the stock today.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BCEI and others in the oil and energy sector. In particular, we’ll be watching for data with regard to oil supply and demand and other sector-wide news that could lead to movement. We’ll watch the news closely and bring it to you as it breaks.

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Amyris AMRS Stock News

Amyris Inc (NASDAQ: AMRS)

Amyris is having an incredibly interesting start in pre-market trading today. The stock was up more than 9% before falling near the break even point. Nonetheless, there’s a strong argument that there’s plenty more room for gains here. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to AMRS ahead.





What We’re Seeing From AMRS

As mentioned above, Amyris is having an incredibly interesting time in pre-market trading today. Early on, the stock made a quick run for the top, gaining more than 9% in a very short period of time. However, just before the opening bell, the stock retreated from gains and is now very close to the break-even point. Currently (9:09), AMRS is trading at $0.73 per share after a gain of 0.22% thus far.

Why The Wild Movement?

As always, our partners at Trade Ideas sent us a signal when the stock was making the initial run with over 9% gains. As soon as we got the signal, we started working to see exactly what was happening. Honestly, this one took a bit to uncover the cause of the wild movement. At the end of the day, there has been no recent fundamental news that would lead to such gains on AMRS.




Nonetheless, we believe that we’ve found the cause. The truth is that Amyris is a stock that has an incredibly low float. This means that traders largely have control over the movement… for now. At the end of the day, there are plenty of reasons for traders to be excited. With several collaboration agreements signed throughout the year and the first product hitting the shelves, AMRS is currently in a very strong position for long-run growth.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMRS. In particular, with all of the collaboration agreements signed throughout 2016, we’re interested in seeing what products are released in 2017. We expect it to be an incredible year. We’ll keep a close eye on the news and update you as it breaks!

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Chesapeake Energy Corporation CHK Stock News

Chesapeake Energy Corporation (NYSE: CHK)

Chesapeake Energy Corporation, like most stocks in the oil and energy sector, has been incredibly interesting to follow as of late. With tons of movement, investors are starting to ask, “Is now the time to start getting involved?” Below, we’ll talk about what we’re seeing in pre-market, whether or not now is the time to start looking at CHK, and what we’ll be watching for ahead.





What We’re Seeing From CHK

As mentioned above, Chesapeake Energy has been an incredibly interesting stock to follow as of late. With so much news in the oil and energy sector lately, we’ve seen quite a bit of volatility here. Nonetheless, in pre-market trading, the stock is doing pretty well. Currently (8:49), CHK is trading at $7.40 per share after a gain of 1.23% thus far in the pre-market.

Is Now The Time To Start Considering The Stock?

As with many other stocks in the oil and energy sector, CHK is one that our partners at Trade Ideas have been sending us signals about quite often lately. However, is now the time to start getting involved in the stock? While I can’t answer that on a personal level as I know nothing about your portfolio, comfort with risk, or goals; for many, the answer is likely yes.




At the end of the day, there’s quite a bit going on at the moment that could benefit Chesapeake Energy Corporation investors in a big way. First and foremost, part of the way the company makes money is oil. With OPEC and non-OPEC member nations cutting production recently, oil is running up, which means that CHK will make more money from this product.

Another important factor here is the natural gas side of the CHK equation. This is another side that can be argued to be overwhelmingly positive at the moment. With winter upon us, and the beginning proving to be a harsh one, more natural gas will likely be used to heat homes. This increase in demand will likely lead to increased values, ultimately making more money for Chesapeake Energy Corporation and its investors.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CHK. In particular, we’ll be watching conditions as winter continues to roll in and how the conditions change supply and demand data for natural gas overall. We’ll also be keeping a close eye on the oil industry as a whole, as this will play a big role as well. We’ll keep a close eye on the news and bring it to you as it breaks!

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Stone Energy Corporation SGY Stock News

Stone Energy Corporation (NASDAQ: SGY)

Stone Energy Corporation is having yet another incredible day in the market today. Since the open of the market, the stock has been running for the top. Throughout the session, we’ve seen more and more upward movement. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for ahead.





What We’re Seeing From SGY

As mentioned above, Stone Energy Corporation is having another great day in the market today. As soon as the opening bell rang, the stock quickly made a run for the green. Since then, we’ve seen a continuation of the upward trend, leading to more and more gains. At the moment (12:23), SGY is trading at $12.23 per share after a gain of $1.73 per share (27.68%) thus far today.

Why The Stock Is Climbing

Our partners at Trade Ideas have been pinging us about SGY nearly every day recently. The reason for this is simple. The company makes its money in the oil industry. Therefore any good news for the oil industry is good news for the company, and lately there’s been a ton of good news for the oil industry.




Just to name a few topics:

  • A couple of weeks ago, OPEC reached an agreement that would cut 1.2 million barrels of oil from global production.
  • Shortly following that announcement, we learned that Russia had teamed up with Mexico and others to reduce global production by an additional 550,000 barrels per day.
  • Finally, just a couple of days ago, US inventory data came in with a reduction that was about double what was expected.

Between all of this, oil is likely to continue up in value, sending Stone Energy and others in the industry up as well.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SGY and others in the oil and energy industry. At the end of the day, things are shaping up well for the industry as a whole. Nonetheless, we’ll keep a close eye and update you with the news as it breaks!

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Rex Energy REXX Stock News

Rex Energy Corporation (NASDAQ: REXX)

Rex Energy looked like it was going to have a rough day in the market early on today. While the stock was well into the green when the opening bell rang, it quickly made a run for the red. That lasted about a half hour before it recovered in a big way. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching with regard to REXX ahead.





What We’re Seeing From REXX

As mentioned above, things didn’t look good for Rex Energy early on today. Sure, the stock started in the green, but what happened after was concerning. For the first half hour or so of the trading session, the stock fell dramatically, eventually making it to the red. Nonetheless, since then, we’ve seen incredible gains. Currently (11:13), REXX is trading at $0.55 per share after a gain of $0.05 per share (9.54%) thus far today.

Why The Stock Is Edging Upward

As soon as our partners at Benzinga Pro informed us of the gains REXX was seeing, the CNA Finance team started digging to see exactly what was causing the movement. It didn’t take long to dig up what was going on. Ultimately, this wasn’t movement that was specific to Rex energy – it’s actually systemic across the entire oil and energy sector.




Early this morning, the oil and energy sector as a whole had a rough start. This was the result of oil supply data out of the United States showing an increase. However, as the day progressed, investors seemed to be moving toward thinking about the OPEC deal, the non-OPEC deal, and what these deals will do for oil moving forward. As a result, we’re seeing gains.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching REXX and the rest of the oil sector like a hawk. At the end of the day, there’s good news in that OPEC and non-OPEC nations are working to reduce production. However, these production cuts are a bit smaller than the overall glut. As a result, it will be incredibly important to watch supply and demand data ahead. Nonetheless, we’ll keep a close eye on the story and bring you the news as it breaks!

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Ocean Rig UDW ORIG Stock News

Ocean Rig UDW (NASDAQ: ORIG)

Ocean Rig is having an incredibly hard time in the market today. When the opening bell rang, the stock found itself well into the red. For the short while the market has been open, we’ve seen more negative movement. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to ORIG ahead.





What We’re Seeing From ORIG

As mentioned above, Ocean Rig isn’t having the best of days in the market today. Unfortunately, when the opening bell rang, the stock quickly found itself in the red. Throughout the first half hour or so, the movement hasn’t been very positive. At the moment 10:05, ORIG is trading at $2.36 per share after a loss of $0.15 per share (5.97%) thus far today.

Why The Stock Is Falling

The truth is that, for many, this comes as a surprise. After all, the oil industry was doing well. Now, ORIG and many others in the market are falling in the red. As soon as our partners at Trade Ideas notified us of the movement, the CNA Finance team started digging to see what was causing it.




It didn’t take long to dig up the story. Following the OPEC deal to reduce production, investors expected that oil supplies would start to fall. However, that doesn’t seem to be the case. In fact, recent data out of the United States shows that crude oil stocks are still rising. This, in combination with further concerns about the OPEC deal, is leading to the losses we’re seeing in Ocean Rig and others today.

What We’ll Be Watching Ahead

Moving forward, the CNA Finance team will be keeping a close eye on ORIG and other oil and energy stocks as we see incredible opportunity here. In particular, we’ll be watching supply and demand data ahead as this data tends to be the cause of quite a bit of movement in the sector.

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Thought Leader Discussions

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Aytu Bioscience Inc (OTCMKTS: AYTU) Recently, the CNA Finance team had an opportunity to speak with Josh Disbrow, CEO of Aytu Bioscience. Josh Disbrow has...