SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds
SEEKING ALPHA reports: With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed ...
SEEKING ALPHA reports:
The IPO waters may be frigid, but that isn’t stopping a handful of oil and gas companies from taking the plunge as investors take another look at the often maligned fossil fuels sector.
Of the handful of companies that filed for offerings in November, four were involved in fossil fuel exploration, management or production: MorningStar, which is changing its name to TXO Energy (TXO), BKV (BKV), Bounty Minerals (BNTY) and Permex Petroleum (OTCQB:OILCD). A fifth company, Elephant Oil (ELEP), filed in March.
Fossil fuel stocks are definitely having a moment, thanks largely to an ongoing energy crisis fueled by Russia’s invasion of Ukraine. While the S&P 500 Index (SP500) has slid 15% year-to-date, the S&P Energy Select Sector Index (IXE) has rallied 59%.
Sector ETFs have scored similar gains…
The full post is here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
Maersk raises surcharges as Red Sea risk expands and costs mount
Heavy speculation in China’s container shipping futures as Gaza War drags on
Rail strike looming in Canada: it will come 'at the worst possible time'
Flexport's newly liveried aircraft ready as business looks up
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article