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☆ Exclusive: Buyout firm EnCap eyes first oil and gas production fund in five years - sources
▼ + stars: | 2022-11-22 | by ( David French | ) www.reuters.com time to read: +2 min

Houston-based EnCap has approached investors in its previous funds to gauge their interest in participating in the new launch, the four sources said. It would be EnCap's 12th flagship fund and it could be officially marketed to investors early in 2023, the sources added. Many private equity investors have fallen out of love with the oil and gas sector as easy-to-drill acreage is becoming scarcer and more expensive for private equity firms. EnCap has sought to attract ESG-minded investors through EnCap Energy Transition Fund II, its second fund dedicated to helping companies transition to clean energy for which it is currently seeking $2 billion, according to a separate source. EnCap is also raising its fifth fund for its pipeline infrastructure affiliate, EnCap Flatrock Midstream, seeking $3 billion.

☆ The big new Exxon Mobil climate change deal that got an assist from Joe Biden
▼ + stars: | 2022-11-19 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

The law may help oil companies like ExxonMobil build profitable businesses to replace some of the revenue and profit they'll lose as EVs proliferate. Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil's first-of-its-kind deal to extract, transport and store carbon from other companies' factories implies. Could it be that Big Oil's next big thing got a big assist from Joe Biden? An industrial facility on the Houston Ship Channel where Exxon Mobil is proposing a carbon capture and sequestration network. And big oil and gas companies are where the expertise is."

☆ Warner Bros. Discovery layoffs, cuts, and 'ill will' over canceled shows have tarnished HBO with TV creators
▼ + stars: | 2022-11-14 | by ( Elaine Low | ) www.businessinsider.com time to read: +3 min

"I'm super, super nervous, because HBO has always been my favorite place to do business," said one TV agent. But concerns about new corporate leadership, layoffs, budget cuts, and the future of HBO Max — the streaming home of HBO — kept bubbling to the top. "I'm super, super nervous, because HBO has always been my favorite place to do business," one TV agent said. Even original series created just for the streamer, such as "Little Ellen," "Summer Camp Island," and "My Dinner with Hervé," were pulled. Read all of Insider's 2022 report here: 14 TV insiders rank the streamers where they want to sell shows: HBO is No.

☆ Investors should brace for uncertainty after Tuesday's elections, according to RBC. Here's what they should buy if Republicans gain power or Democrats complete an upset win.
▼ + stars: | 2022-11-09 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Election nights and morning-afters are becoming wild times in the stock market as traders track the results race by race or county by county and assess the implications. That could continue Wednesday as it was too early to determine whether Democrats or Republicans will end up with control of the House of Representatives or the Senate. Also positive for stocks is the potential for divided government, with Democrats in control of the White House and Republicans holding at least one house of Congress. Republicans could still control Congress, but on Tuesday that wave was well short of what they, and many pundits, had expected. Dozens of races haven't been called, and it's possible that the Georgia Senate race will go to a runoff election.

☆ Diamondback Energy sees U.S. shale oil gains slowing, costs rising
▼ + stars: | 2022-11-08 | by ( Liz Hampton | ) www.reuters.com time to read: +1 min

[1/2] Travis Stice, the CEO of Diamondback Energy, poses for a portrait at Diamondback Energy's headquarters in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File PhotoNov 8 (Reuters) - Oil producer Diamondback Energy (FANG.O) said the U.S. shale industry will continue to struggle to expand production at its current pace, with costs of new shale wells likely rising. The aging of oil and gas wells, supply chain bottlenecks and investor focus on shareholder returns have led to slowing U.S. oil output gains, Diamondback Chief Executive Officer Travis Stice told investors on Tuesday during an earnings call. President Joe Biden has criticized companies for not lifting production faster and raking in massive profits as energy inflation hits consumers. Diamondback acquired oil producer FireBird Energy last month, and that it would sell some $500 million in non-core assets by the end of 2023 and use proceeds to cut debt.

☆ 14 TV insiders rank the streamers where they want to sell shows now as Apple TV+ closes in on HBO Max amid turmoil at Warner Bros. Discovery
▼ + stars: | 2022-11-08 | by ( Elaine Low | Lucia Moses | ) www.businessinsider.com time to read: +19 min

"It's definitely been not the most exciting and robust year," said one TV agent at a major agency. Around 70 people at HBO and HBO Max have been let go this year, and their comedy development teams have merged. While WBD doesn't break out streamer-specific figures, it said on Thursday's earnings call that HBO Max, HBO, and Discovery+ have a combined 94.9 million subscribers, ensuring that any show on HBO Max has the chance to get a lot of eyeballs. They'll also take smaller swings in the genre department, do things at a lower budget," said the second TV agent. Echoed the first TV agent: "You pitch and sell to them if no one else wants it."

☆ These stocks could benefit from a GOP victory in midterm elections, and analysts love them
▼ + stars: | 2022-11-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The stocks also have to have a potential upside of at least 20%, based on the average analyst price target, according to FactSet. Shares are up more than 36% year to date and have another 30% upside to the average analyst price target, according to FactSet. Google-parent Alphabet is down about 38% year to date but has nearly 45% upside to the average analyst price target. Match has lost more than 65% so far this year but has 50% upside to the average analyst price target, according to FactSet. The stock is down about 28% year to date, but has 27% upside to the average analyst price target.

☆ Best midterm election scenarios for stocks and the sectors to play them, according to RBC
▼ + stars: | 2022-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

If the midterm elections go as Wall Street expects, stocks should rally into year-end, according to RBC. The average S & P 500 returns are higher in the years when a Democrat is president and the GOP controls Congress, her analysis showed. This year is most similar to 2002 — so far the S & P has had a 76% correlation with 2002, the strongest in any midterm election year in recent decades. Back then, the S & P rallied back 20% from its October lows, she said. Additionally, biotech in the health-care space and specialty/consumer finance and regional banks within financials should outperform, according to RBC.

Companies European Bank for Reconstruction and Development FollowLONDON, Oct 31 (Reuters) - The European Bank for Reconstruction and Development (EBRD) does not plan to sell off existing upstream oil and gas loans as part of plans to align its activities with the Paris Agreement on climate change, an executive said on Monday. Last year the bank said it would stop investing in upstream oil and gas projects, namely exploration and production, by the end of 2022 but did not specify whether this applied to new or existing investments. Harry Boyd-Carpenter, EBRD managing director, told an online briefing of journalists that the bank was not planning to divest existing upstream oil and gas loans. It is preferable to keep such loans overseen by the bank to ensure more rigorous oversight rather than sell to other entities, he said. "Some of the countries we operate in see gas as part of their energy security.

☆ Goldman says dividend growth stocks win in recessions – here are 10
▼ + stars: | 2022-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Those planning for more disruption should prioritize stocks with a decent dividend yield and, perhaps more importantly, dividend growth. "In the mid-1970s, high dividend yield stocks struggled to compete with rising cash yields and lagged the S & P 500," Kostin said. Goldman recommends its recently refreshed basket of dividend growth stocks. Verizon Communications carries the highest dividend yield on the list, at 7%, with dividend growth of 2%. NXP Semiconductors and Microchip Technology have some of the fastest dividend growth for the sector, at 22% each.

☆ What Cramer is watching Monday — October's stock pop, tech reign over, China's zero Covid
▼ + stars: | 2022-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Wynn Resorts (WYNN) jumps 5% in the premarket after a 4.5% pop Friday. UBS downgrades Caterpillar (CAT) to neutral (hold) from buy; cuts price target by $5-per-share to $230, which is silly. Outback Steakhouse owner Bloomin' Brands (BLMN): two price target boosts, Citi and Barclays. Barclays: LyondellBasell (LYB) downgraded to equal weight from overweight (hold from buy), cut price target to $82 per share from $95. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. The involvement of the previously unnamed financial backers of Trump Media & Technology Group (TMTG) – parent company of social media app Truth Social – shows how Trump tapped his political supporters to launch an outlet aimed at political conservatives and libertarians after he was banned from Twitter and Facebook following the Jan. 6, 2021 attack on Congress. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/IllustrationOct 28 (Reuters) - Ever since former U.S. President Donald Trump launched a new media company aimed at rivaling Twitter, there has been a mystery over who provided the money. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

☆ Exxon Mobil inks first carbon capture deal
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil inks first carbon capture dealExxon Mobil announced a deal with CF Industries and EnLink Midstream to capture and store up to 2 million metric tons of carbon from CF's manufacturing complex in Louisiana.

☆ Earnings are surprising many investors, says Laffer Tengler Investments CEO
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings are surprising many investors, says Laffer Tengler Investments CEONancy Tengler, CEO and CIO at Laffer Tengler Investments, joins 'Power Lunch' to discuss low and midstream energy names, stocks opportunities for dividend growth, and good names in the retail sector.

☆ Cramer's lightning round: You are fighting the Fed with Discover Financial
▼ + stars: | 2022-10-13 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Discover Financial Services : "You are fighting the Fed with DFS. I think the ag group is ready to roll again, as in bull market mode." Loading chart...Royalty Pharma PLC : "I like it, and I'm going to stick with it. Loading chart...Tellurian Inc : "It's at $2, and stocks stop at $0. Loading chart...Zoetis Inc : "I think the stock is now undervalued.

☆ What Cramer is watching Thursday — hot inflation slams stocks, sends bond yields soaring
▼ + stars: | 2022-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Goldman Sachs starts Club holding Linde (LIN) with a buy rating and a $338 per share price target. This is an industrial secular grower and there are only a handful including Honeywell (HON), which is also a Club stock. But keeps outperform (buy) rating and $195 per share price target. Credit Suisse cuts Club holding Apple (AAPL) price target to $190 per share from $201. Citi downgrades American Express (AXP) to sell from neutral, cuts price target to $130 per share from $159.

Exxon says it will transport and store underground 2 million metric tons of CO2 per year produced starting in 2025, when CF Industries opens a $200 million CO2 compression facility in Louisiana to process emissions from its ammonia production. He declined to comment on financial terms of the deal with CF Industries. Exxon signed a parallel agreement to use Enlink Midstream's network to transport the CO2 to the storage site. While critics view carbon sequestration as greenwashing by polluters, Exxon says the business can achieve double-digit percentage returns while limiting planet-warming gases. The Louisiana initiative is part of the company's planned $15 billion investment by 2027 in low carbon operations.

☆ France's TotalEnergies plans to spin off Canadian oil sands assets
▼ + stars: | 2022-09-28 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Nantes, France, June 30, 2022. REUTERS/Stephane MaheSept 28 (Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it is looking to spin off its Canadian oil sands operations and list them on the Toronto Stock Exchange, as the assets do not fit with the French oil major's low-emissions strategy. Register now for FREE unlimited access to Reuters.com RegisterCanada's oil sands hold some of the world's largest crude reserves but are more carbon-intensive and costly to produce than many conventional oil projects worldwide. Total has been trying to exit the region for several years and in 2020 wrote down C$9.3 billion ($6.83 billion) worth of oil sands assets. TotalEnergies' oil sands assets will generate $1.5 billion of cash flow in 2022, he added.

Senator Joe Manchin's bill to speed energy permitting as a handout to fossil fuel companies, but clean energy advocates said the bill's failure would hinder the rapid expansion renewable power needs to combat climate change. Democratic Majority Leader Chuck Schumer pulled Manchin's bill from temporary government funding legislation on Tuesday after it did not gain enough support. Clean energy backers said the permitting provision could still be attached to other bills later this year that must be passed, such as a big appropriations legislation. Jesse Jenkins, a clean energy expert at Princeton University, tweeted on Tuesday that the permitting bill had been "a big mixed back for climate & the environment." "We still need to build new clean energy & transmission at unprecedented pace!"

☆ U.S. Congress readies stopgap bill to avert shutdown, aid Ukraine
▼ + stars: | 2022-09-27 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

President Joe Biden's Democrats, who control both chambers of Congress, are expected to avoid an embarrassing partial government shutdown just six weeks before the Nov. 8 midterm elections, when control of Congress will be at stake. The bill, which would extend overall government funding through Dec. 16, was facing resistance because of an energy permitting reform measure. The spending provisions include $12.3 billion in new money to help Ukraine turn back Russia's invasion, House of Representatives Appropriations Committee Chairwoman Rosa DeLauro said in a statement. In addition, it authorizes Biden to direct the drawdown of up to $3.7 billion for the transfer to Ukraine of excess weapons from U.S. stocks. The last time Congress allowed funding to lapse was in December 2018, when Democrats balked at paying for then-President Donald Trump's U.S.-Mexico border wall, leading to a record, 35-day impasse and partial government shutdown.

☆ Jefferies says investors must use income strategies, like buying these high-quality dividend stocks
▼ + stars: | 2022-09-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Jefferies thinks investors need to look for income in this volatile market environment, noting that one of the best ways to do that is through high-quality dividend stocks. Jefferies data show that high-quality yield stocks have outperformed in downturn and slowdown phases. "Focusing on high-quality yield stocks has been highly rewarded over the long term," Peramunetilleke wrote in a note Thursday. The stock, up more than 16% so far this year, has a 12-month forward dividend yield north of 7%. Coca-Cola was also named a top dividend stock by Morgan Stanley, while CNBC's Jim Cramer said it was one of his 10 favorite " dividend aristocrats ."

☆ U.S. Senator Manchin unveils energy bill that some Democrats slam
▼ + stars: | 2022-09-21 | by ( Timothy Gardner | ) www.reuters.com time to read: +4 min

Senator Joe Manchin on Wednesday released an energy permitting bill to speed approvals for natural gas pipelines and power transmission for renewable energy, legislation that some fellow Democrats criticized and will likely need to be amended in order to gain enough support. Register now for FREE unlimited access to Reuters.com RegisterThe wider funding bill needs approval of the House and Senate and to be signed by President Joe Biden to become law. Manchin's staff told reporters he believes the funding bill will get 60 votes needed to pass the Senate with the permitting measure attached. The bill also sets a two-year target for environmental reviews on energy projects that need to be completed by more than one federal agency. In the House of Representatives, 77 Democrats this month asked Speaker of the House Nancy Pelosi in a letter to keep the side deal out of the funding bill.

☆ U.S. Senator Manchin to unveil energy permitting measure on Wednesday
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Senator Joe Manchin (D-WV) holds up a visual aid while speaking to reporters at the U.S. Capitol in Washington, U.S., September 20, 2022. Senator Joe Manchin will unveil his full energy permitting bill on Wednesday to speed fossil fuel projects and offer incentives for renewable energy electricity transmission, legislation that faces an uphill battle. Manchin, an important swing vote in the 50-50 Senate, reached a side deal with Senate Majority Leader Chuck Schumer during talks for the wider Inflation Reduction Act for his permitting measure to be voted on this fall. "I've never seen stranger bedfellows than Bernie Sanders and the extreme liberal left siding up with Republican leadership" and its rank-and-file senators, Manchin said. But Schatz said the bill has a chance if it offers incentives for renewable energy including transmission lines.

☆ Wall Street’s top analysts bet on these stocks as economic uncertainty increases
▼ + stars: | 2022-09-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, here are five stocks chosen by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their performance history. White has a track record of a 57% success rate on his ratings, each rating generating average returns of 11%. EQT CorporationThe growing demand for natural gas as an energy source is driving growth at EQT Corporation (EQT). (See Broadcom Stock Investors on TipRanks) The analyst believes that the acquisition will significantly drive Broadcom's earnings per share. 128 among around 8,000 analysts on TipRanks, Rakesh has had success with 57% of his ratings.

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