Basic Materials

Viking Investments Group, Inc. VKIN Stock News

Viking Investments Group, Inc. (VKIN) today announced that through their wholly owned subsidiary, Mid-Con Petroleum, LLC, that the company has engaged Kansas Resource Development Company (KRDC) to operate additional oil and gas related leases in the Eastern Kansas area.

As announced back on October 25, 2016, KRDC’s subsidiary, S&B Operating, LLC., had become the operator of record for certain of Mid-Con’s producing oil and gas leases. Subsequently, on November 1, 2016, S&B was appointed the operator of record for three additional producing leases which were acquired by Mid-Con in the early part of October 2016.





VKIN Mid-West Presence

VKIN’s association with KRDC brings with it potential opportunity to tap into revenues through the over 1000 wells currently under management by KRDC. KRDC, and its associated affiliates offer decades of experience in the oil and gas sector, and has established relationships with proven vendors as well as a first rate administrative and communication system to assist clients.

KDRC’s management team specializes in formulating and operating water-flood enhanced oil and recovery programs and since 2014 has spudded more wells than any other operator in the state of Kansas.

For its part, VKIN is an independent exploration and production company seeking to expand upon its already established footprint in the Mid-continent states. Currently, VKIN owns over 6000 acres of property, inclusive of oil and gas leases in Alberta, Kansas, and Missouri. VKIN’s strategy continues to focus on acquiring under-valued assets that have the potential to deliver immediate revenue generating production value.

Viking Horns In On Mid-Continent


VKIN plans to continue on its expansion strategy in 2017, taking advantage of key relationships with existing operating and producing companies. VKIN is is the process of negotiating on, and submitting bids for, five potential acquisitions that range in value from $12MM dollars to over $160MM dollars. Funding for the planned acquisitions will be realized through support of various funding groups, inclusive of taking advantage of its available funding vehicle established with local and state banking institutions.

VKIN management provided CNA Finance followers some key insight into the near and long term strategies and goals, and the entire interview with CEO, James A. Doris, can be found in our “Thought Leaders” section of the site, or by clicking here. As always, CNA Finance will keep followers appraised of any breaking news related to VKIN and/or its affiliate companies.

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Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under discovered stocks to the attention to investors to assist in making smart decisions in the market. CNA Finance is a for profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and Press Release services. Therefore, while we do everything in our power to provide true, well-researched, and well-thought out opinions, in some instances, a potential conflict of interest may exist. CNA Finance encourages all investors to seek professional advice before making any investment decision.

Bonanza Creek Energy Inc BCEI Stock News

Bonanza Creek Energy Inc (NYSE: BCEI)

Bonanza Creek Energy wasn’t off to the best of days in the market today. When the opening bell rang, the stock was trading in the green. From there, the stock started on the decline. Throughout the day, we saw more and more downward movement, bringing the stock further into the abyss. However, that movement has been halted. Below, we’ll talk about what we’re seeing, the halt, and what we’ll be watching for ahead.





What We’re Seeing From BCEI

As mentioned above, Bonanza Creek Energy isn’t having the best of days in the market today. When the trading session opened for the day, things were looking up, the stock was in the green. However, that only lasted mere minutes as shortly after the bell, the stock started to sink, quickly making it to the red and beyond. By 12:23, when the stock was halted, BCEI was trading at $2.77 per share after a loss of $0.09 per share or 3.15% thus far today.

What’s Going On

The truth is that there is not a definitive answer at the moment. As soon as the CNA Finance team got the news from Trade Ideas that BCEI had been halted, we started digging to see exactly what was happening. We unfortunately were unable to uncover anything fundamental that would cause this, nor were we even able to find a rumor.


Nonetheless, there is one thing we do know. Bonanza Creek Energy was halted at 12:23 with news pending. Ultimately, anything that leads to a halt is something worth watching. So, when the news breaks, it’s likely to be big.

What We’ll Be Watching Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BCEI. In particular, we’ll be watching to see exactly what’s going on with the halt. Of course, when the news breaks, we’ll be bringing it to you. So, stay tuned!

UPDATE – BCEI has resumed slightly in the green. From there, the stock continued on the downward trend of the day. Unfortunately, news is still a bit bleak at this point. Nonetheless, we’ll continue to work to uncover the reason for this movement.

Update – Bonanza Creek Energy has reached an agreement with Silo Energy and others. Here are the details.

Get Your Free Analysis On BCEI From Zacks Today!

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Rex Energy REXX Stock News

Rex Energy Corporation (NASDAQ: REXX)

Rex Energy Corporation is having an incredibly strong trading session in the market today. When the opening bell rang and trading started for the day, the stock was already trading well into the green. From there, we saw some upward and some downward movement, but overall, the stock is staying up on impressive gains. Below, we’ll talk about what we’re seeing from REXX, why, and what we’ll be watching for ahead.





What We’re Seeing From REXX

As mentioned above, Rex Energy is having an overwhelmingly strong day in the market today. When the trading session opened, the stock was already trading on impressive gains. From there, we’ve seen some upward and some downward movement, but overall, the stock is trading relatively flat, holding onto pre-market gains. At the moment (10:49), the stock is trading at $0.78 per share after a gain of $0.05 per share or 7.46% thus far today.

Why The Stock Is Headed Up

This is a much needed reversal in the trend we’ve seen on the stock as of late. However, it’s coming for good reason. At the end of the day, the number one reason that REXX and others in the basic materials sector are running upward is Donald Trump.


On Friday, Donald Trump officially became the President of the United States. Throughout his campaign, he talked about various ways that he plans to improve economic conditions in the nation. One of the big points he would drive home is that we can be energy efficient. Consistently pointing to the ground and saying that the United States has its own resources, Trump set the stage for gains in Rex Energy and others in the industry.

Yesterday, more came out with regard to the story in after-hours. As political figures spoke, they spoke of the fact that the United States can indeed depend on its own resources. Comments were even made by trump surrounding the idea that overzealous environmental protection plans are leading to further economic hardship. All in all, Trump is likely a great president for REXX and others in the industry. So, investors are excited, sending the stock upward.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on REXX and others in the basic materials and energy industries. If Trump follows through with his promises, these companies will likely do overwhelmingly well ahead. At the moment, it seems as though that’s the direction things are headed. Nonetheless, we’ll keep a close eye on the news and bring it to you as it breaks!

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AK Steel Holding Corporation AKS Stock News

AK Steel Holding Corporation (NYSE: AKS)

AK Steel Holding Corporation is having an incredibly strong start to the trading session today. Early this morning, the company released its earnings, blowing away expectations and causing massive pre-market gains. Since the market open, the stock has corrected slightly, but it’s still trading on strong gains. Below, we’ll talk about what we’re seeing from AKS, why, and what we’ll be watching for ahead.





What We’re Seeing From AKS

As mentioned above, AK Steel Holding Corporation is having an incredibly strong start to today’s trading session. In pre-market trading, the stock saw exponential growth. When the opening bell rang, the stock immediately started correcting, giving up some of the pre-market gains. However, it is still trading with strong profits on the day. Currently (9:38), AKS is trading at $9.98 per share after a gain of $0.69 per share, or 7.43%.

Why The Stock Is Up

As is usually the case, as soon as we got the alert from Tradespoon that AKS was making a run for the top, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it didn’t take long to dig up the story. The gains revolve around the company’s earnings.


Early this morning, AK Steel Holding Corporation released its earnings report for the fourth quarter. In the report, we learned that both revenue and earnings beat expectations. Revenue and earnings came in at $1.42 billion and $0.25 per share respectively. Analysts were expecting to see revenue come in at $1.41 billion and earnings at $0.09 per share. Obviously, the company has beat expectations on both accounts. In a statement, Roger K. Newport, CEO at AKS, had the following to offer:

The strategy that we introduced at the beginning of 2016 generated improved results and a stronger AK Steel… Our work to optimize our footprint, relentlessly focus on costs, and reduce exposure to commodity spot markets generated improved margins. By successfully completing several capital market transactions, we were able to significantly strengthen our balance sheet. These actions position us well for the future.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AKS. In the Trump world, there may be many opportunities to come. We’ll keep a close eye on the news and bring it to you as it breaks!

Update – While earnings was overwhelmingly positive and President Trump has made some compelling statements that should be pushing AKS higher, Axiom has released a negative report that affects AKS and the steel industry as a whole. However, at the end of the day, we believe that the sell off is overblown, as there is a strong argument for future growth following such positive news from both the company and the President.

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Viking Investments Group, Inc. VKIN Stock News

Viking Investments Group, Inc. (“VKIN” or “Viking”) is taking an aggressive stance to reposition itself as a premier player within the oil and gas industry, undertaking an aggressive acquisition strategy planned for 2017 and beyond. Taking advantage of strong banking relationships and an already beefed up portfolio of producing assets, Viking may very well be on its way to accomplishing that goal.

While the oil and gas industry has met its share of frustrating times during the past few years, those hardships may have presented opportunities for VKIN to execute on its strategy to acquire revenue producing properties at attractive prices, and, in turn, increase both shareholder value and its capital base.

For investors that need an introduction, CNA Finance reached out to VKIN’s CEO, James A. Doris, LL.B, to get his insight into the current oil and gas market and to discuss his near term goals for VKIN. It is clear Mr. Doris is setting the course for a dramatically improved company, offering visibility and a well thought out plan intended to significantly increase the value of VKIN.

Q. Viking has been on the move of late, with changes in its corporate structure, management team and business strategy. For shareholders that might have been introduced to Viking a year ago, would it be fair to say that they need to get reacquainted?

JAD:Yes, absolutely. In the span of 12 months we have made 2 acquisitions, completed 3 financing transactions, formalized a relationship with a premier operating company in Kansas, and participated in negotiations and/or submitted bids for 5 other acquisitions (ranging from $12mm to $167.5mm), with support from various funding groups. From a compliance and professional services standpoint we also changed auditing firms, switching to a firm with considerable experience in providing services to public companies involved in oil & gas exploration.

Q. Getting reacquainted is important, but investors should acknowledge that companies like VKIN need to evolve to remain relevant, especially when opportunity is ripe. For both new and current investors, how is the Viking model going to be different in 2017 than it was in 2016?

JAD:Although we completed a couple of acquisitions in 2016, the past 12 months was more about putting key building blocks in place (e.g. contracting with a premier operating company; securing a credit facility with a commercial bank in the Energy Sector who wants to grow with us as we make more acquisitions in the Mid-Continent area; establishing relationships with investment banks and other funding groups who now want to assist us on future deals; achieving credibility in the marketplace amongst prospective vendors and brokers to generate deal flow). In 2017 our focus is going to be more narrow, i.e. simply assessing deals and buying assets that fit our investment model.

Q. Building on your focus to become a premier exploration and production company in the mid-Continent region, can you tell shareholders some of steps that Viking has already taken to establish the initial footprints in that region?

JAD:We have attracted attention to the “Viking” name in the area by purchasing a working interest in 6,000 acres of property in Kansas and Missouri, and by attempting to purchase other assets in Kansas, Oklahoma and Texas (we were not successful with those transactions, through no fault of Viking, but our participation in those negotiations have caused others to send us information on several other deals).Engaging S&B Operating, a subsidiary of KRDC, as our operator, has by itself generated a significant amount of deal flow.

Q. Many people don’t often think of Kansas and Missouri when the topic of exploration and production value arises. The truth is that each of these states may be extremely lucrative to your vision. Can you explain what prompted VKIN to potentially invest millions of dollars in that region?

JAD:Major oil companies proved decades ago that oil existed and could be produced from those States; however the volume was insufficient for the large companies to sustain a long-term presence (i.e. production volume was too low to pay exorbitant overhead of large organizations).So the market is fragmented, consisting for the most part of smaller operators, some of whom have no interest in deploying capital to develop acreage (i.e. drill) and others who may want to drill but don’t necessarily have the funds to do so, in particular given the drop in oil prices over the past two years. So, there is a tremendous opportunity to aggregate producing, long-life assets with significant development potential.

Q. So, if the Viking strategy is successful and the company begins to realize substantial revenue, would the focus turn toward leveraging that success and seeking growth through acquisition?

JAD: Yes, our growth strategy contemplates making several acquisitions over the next 18 to 24 months, adhering to our business model (i.e. target assets have to be generating positive cash-flow at today’s oil prices, and there has to be development potential).

Q. Acquisition requires strength in both capital resources and management. Is the expertise already in place at Viking or would you seek additional executive level experience to facilitate the growth?

JAD: We have a formidable group of professionals (e.g. operators, petroleum engineers and geophysicists) that have assisted the company over the past 12 months in assessing acquisition opportunities. We expect those relationships to continue. At the same time, to the extent we complete a transaction in a State outside of Kansas and Missouri, we will engage experts in those regions to operate and manage those assets on behalf of the company. Further, we are actively seeking professionals from various disciplines (e.g. investment banking, energy and compliance) to serve on our advisory board to assist with our long-term growth and governance initiatives.

Q. While growth may be part of the strategic plan. VKIN already has secured some sizable assets. Can you tell investors about existing assets and how those resources are able to be leveraged into near term acquisitions or partnerships?

JAD:We have a sizable acreage position (over 6,000 acres), and intend to implement a phase-1 drilling and maintenance program, subject to raising the necessary capital, to drill new wells to increase production and lower operating costs.

Q. The property and production assets are crucial, but so is the ability to raise capital. Does Viking have any agreements in place with commercial lenders or will the company look to raise capital in the equity markets?

JAD:We have a credit facility with CrossFirst Bank (the bank has offices in Kansas, Oklahoma and Texas), who wants to grow with us and increase the size of the existing facility to assist with acquisitions. We also have Placement Agent agreements with certain investment banks who have supported us on previous acquisition attempts and want to assist with future deals.

Q. So, you have let us know that VKIN has both the cash and production assets available for market. Importantly, though, does Viking have a channel in place to facilitate product sales?

JAD: All oil produced from our leases gets purchased, the price just varies from month to month depending on market rates.

With respect to acquisitions, we have extensive relationships throughout the United States and receive a steady flow of attractive opportunities, whether it be working interests, overrides or royalty interests.

Q. You have laid out a vision and strategy that can make Viking an established and valuable enterprise. As we know, though, the exploration and production field is competitive, and making prudent investments is essential. As the CEO, what assessments do you ensure are taken prior to consummating either a land purchase or interest agreement?

JAD:We assess a number of factors when evaluating an asset, including: geological formation, reservoir characteristics, historical production and operating costs, proximity to other producing leases, development potential, status of equipment, environmental issues, etc.

Q. Finally, there has been quite a bit of market volatility in regard to oil and mineral prices. Do you think that the current market is the sweet spot for new investment and would an invigorated economy boost your business outlook?

JAD:The volatility in oil prices in 2015 and 2016 has created a tremendous opportunity to purchase quality assets. Provided we remain disciplined and do not deviate from our investment model,i.e. buy assets generating positive cash flow at today’s prices with realistic development potential, and only engage in responsible drilling programs (i.e. no wild-catting or highly speculative ventures) we will have great long-term success.

End interview

With Viking concentrating on the mid-continent states to take advantage of opportunities in the oil and gas space, the company may very well find themselves able to take advantage of distressed properties that offer significant value in regard to oil and gas reserves. Unfortunately, “others pain” often becomes the “new investors” gain, and with VKIN having both the cash and management expertise to take advantage of current opportunities, the company may very well be in a position to return significant shareholder returns in the coming months.

Investors may be well served to keep an eye on VKIN throughout the first months of 2017, and if the company can generate some near term acquisitions, they may be able to leverage that growth into additional and long term value. With near term expectations high, the year may very well become quite interesting for Viking shareholders.

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Gevo Inc GEVO Stock News

Gevo, Inc. (NASDAQ: GEVO)

Gevo is having an incredibly strong day in the market today. When the opening bell rang, the stock found itself well in the green. While it has corrected a bit from opening highs, the stock is still sitting on incredibly impressive gains. Below, we’ll talk about what we’re seeing from GEVO, why, and what the CNA Finance team will be watching with regard to the stock ahead.





What We’re Seeing From GEVO

As mentioned above, Gevo is having a great day in the market so far. When the trading session opened for the day, the stock was already trading well into the green. From there, it did come off of highs a bit, but the gains are still impressive, and now it seems as though the stock may start inching back upward to highs. Currently (10:44), GEVO is trading at $4.35 per share after a gain of $0.63 per share or 16.93% thus far today.

Why The Stock Is Up

One of our readers tipped us off about this news. As soon as they did, the CNA Finance team started digging to see what was happening. In this particular case, it took us no time at all to dig up the story. It seems as though the GEVO gains are being caused by news announced surrounding the United States Environmental Protection Agency.


According to an announcement made by GEVO early this morning, the EPA has approved the pathway for isobutanol produced at the company’s Luverne, MN production facility to be an advanced biofuel under the Renewable Fuel Standard Program. This is huge news as it marks the first time the EPA has approved a pathway for an advanced biofuel that uses starch from feed corn to produce an alcohol. In a statement, Dr. Patrick Gruber, CEO at Gevo, had the following to offer…

The new EPA pathway combines the lowest cost carbohydrate feedstock sources with green energy, resulting in advanced fuels with a significant GHG reduction. It is worth noting that this pathway leads to the only advanced biofuel that has potential to significantly lower GHG’s while also generating large amounts of protein for animal feed. In fact, practically all of the protein from the feed corn used gby Gevo is captured and sold for animal feed. This feed corn, which is not used for human consumption, and which is supplied to Gevo in Luverne is what the local farmers are calling “low carbon corn” because of the advanced farming techniques they use to minimize chemical inputs, the low till/no till fields that are building up soil carbons and the high yields that they achieve which minimizes land use. We are pleased that there is now a route for advanced fuels that provides protein that contributes to the food system. We expect that the approval of this pathway will open up new business opportunities for Gevo, while driving sustainable environmental improvements…”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GEVO. While the stock has been reeling a bit since the reverse split, things are starting to look up yet again. Nonetheless, we’ll be keeping a close eye on the news and bringing it to you as it breaks!

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Power Solutions International Inc PSIX Stock News

Power Solutions International Inc (NASDAQ: PSIX)

Power Solutions International was off to what seemed like a relatively normal day in the market early on today. For the first few minutes the market was open, the stock was in the green and trading relatively flat. However, minutes ago, we started to see a massive spike in the downward direction. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to PSIX ahead.





What We’re Seeing From PSIX

As mentioned above, Power Solutions International isn’t having the best of days in the market today. For the first few minutes of trading, it looked like things were going well. The stock was slightly in the green and starting the day on a good note. However, minutes ago, the stock started spiking downward. At the moment (9:46), PSIX is trading at $7.19 per share after a loss of $1.09 per share (13.16%) thus far today.

Why The Stock Is Falling

As is normally the case, our partners at Trade Ideas were the first to alert us to the run on PSIX. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it took some digging. While we didn’t find any fundamental news released by the company, we did find an interesting rumor in the social space.


At the moment, if you search for Power Solutions International on your favorite social network, chances are that you will come across the rumor as well. The rumor is that the company is under SEC investigation. Unfortunately, the what, why, and how aren’t available, as is usually the case with rumors. Nonetheless, if this one is true, it could be damning for PSIX.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PSIX. In particular, we’ll be watching to see if there is any validity to these rumors. After all, an SEC investigation is never good. We’ll keep a close eye on the news and bring it to you as it breaks!

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Bonanza Creek Energy Inc BCEI Stock News

Bonanza Creek Energy Inc (NYSE: BCEI)

Bonanza Creek Energy was off to an incredibly strong day in the market. When the opening bell rang, the stock made a quick run for the top. For the first hour of the trading session, we saw more of the same as the stock aggressively ran to further gains. Now, news is coming down the wire that the stock has been halted. Below, we’ll talk about what we’re seeing, 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 was off to an incredibly strong start to the trading session. When the opening bell rang, the stock found itself in the green. Shortly after the bell, the stock started on a mad dash toward the top; that dash might have continued if the stock hadn’t been halted. At the moment (10:44), BCEI is trading at $1.20 per share after a gain of $0.22 per share (22.08%) thus far today.

Why We’re Seeing What We’re Seeing

As usual, our partners at Trade Ideas were the first to inform us of the run on BCEI. When they did, we started digging. It wasn’t hard to find the reason the stock was headed up. After all, oil production cuts by OPEC and non-OPEC members have come into play.


Nonetheless, Bonanza Creek Energy was halted, and no news has been offered as to why. We know that news is pending, and we know that the news is likely big; but what the news is, well, that’s simply not available at the moment.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BCEI. In particular, we’re interested in learning what the news is that caused the halt is. Ultimately, the news could lead to massive movement in either direction. We’ll keep a close eye on what’s going up and provide you with real time updates!

Update – BCEI has reopened on a lower note. Still no news offered. We will update you as it breaks!

Update – BCEI bounces back up. Now trading above the halt!

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Valero Energy Corporation VLO Stock News

Valero Energy Corporation (NYSE: VLO)

Valero Energy wasn’t off to the best of starts in today’s trading session. In fact, when the opening bell rang, the stock was trading down in a big way. From there, it only fell further in the first half hour of the day. However, minutes ago, we started to see a spike that could lead the stock to the top. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to VLO ahead.





What We’re Seeing From VLO

As mentioned above, Valero Energy didn’t seem like it was going to have a very strong day in the market early on. Unfortunately, on the sound of the opening bell the stock found itself well into the red. Shortly after the bell we saw further declines leading the stock further and further into the abyss. However, minutes ago we started to see a spike. While the stock hasn’t gotten to the green yet, it is surely making up for the declines. Currently (10:04), VLO is trading at $69.25 per share after a loss of $1.17 per share (1.66%) thus far today.

Why The Stock Is Climbing

As usual, our partners at Trade Ideas were the first to inform us of the run on VLO. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, we were unable to find any fundamental news that would suggest such gains were valid. However, in the social space, we found something interesting.


At the moment, there’s a rumor surfacing on social media that Valero Energy may be taken over soon. In this rumor, it is suggested that India’s Reliance Industries is the buyer and the price per share on the acquisition will be around $80. However, it’s important to keep in mind that, at the moment, this is nothing more than an unconfirmed rumor.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on VLO. In particular, we’re interested in seeing if there is any validity to this rumor. Of course, if there is and an acquisition does happen, incredible value will likely be returned to investors. Nonetheless, we’ll watch the news closely and bring it to you as it breaks!

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Seadrill SDRL Stock News

Seadrill Ltd (NYSE: SDRL)

Seadrill is having an overwhelmingly strong day in the market today. As soon as the opening bell rang, the stock quickly found itself in the green. From there, we’ve seen some ups and some downs, but at the end of the day the stock is trading on impressive gains. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to SDRL ahead.





What We’re Seeing From SDRL

As mentioned above, Seadrill is off to an incredibly strong start to today’s trading session. When the opening bell rang, the stock was already well into the green. Throughout the day, we’ve seen mixed movement, but overall, things have been going well. This stock is likely to close in the green. Currently (11:03), SDRL is trading at $3.59 per share after a gain of $0.18 per share (5.28%) thus far today.

Why The Stock Is Climbing

The truth is that if you look across the oil and energy sector, you’ll see that SDRL isn’t the only one in the industry that’s seeing massive gains. In fact, this seems to be industry-wide movement. As soon as I saw that, I decided that it was time to start doing some digging to see what was going on. It came as no surprise that the answer had to do with the OPEC deal to cut production.


When the deal was announced on November 30th, the market cheered. However, concerns were brewing that OPEC members may not follow through. Nonetheless, it looks like that’s not going to be a problem. According to reports by Al-Ansa newspaper, Kuwait has cut production by 130,000 barrels per day. Also, Oman has cut 45,000 barrels per day of production.

As OPEC members continue to follow through on their promises to cut production, Seadrill investors are getting excited. After all, if these cuts go as planned, oil will increase in value, making SDRL a more profitable company.

What Investors Should Be Watching Ahead

Moving forward, things are looking good for SDRL. However, as we all know, things can change quickly in the market. In this case, and with regard to any other stock in the industry, it’s going to be important to continue watching supply and demand data. As production cuts continue, we’re likely to see further gains. However, if the cuts don’t continue, oil could spiral downward.

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

0 3774
Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...