Resource Investor

Asian stocks closed mostly mixed, while European shares have struggled for direction ahead of today’s high-level trade talks between the U.S. and China. …read more From:: Resource Investor

The S&P gave us exactly what we talked about yesterday, a constructive session with buying interest. The Russell 2000 has quietly been a leader for much of the post-correction trade and yesterday it set a new all-time high. …read more From:: Resource Investor

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel. …read more From:: Resource Investor

The euro strengthened slightly early Thursday to trade at 1.1837 after hitting a new five-month low of 1.1761 the previous day. It seems that the single currency has a new headache to deal with; this time, it’s Italy. …read more From:: Resource Investor

With a market cap of $217 billion, Chevron competes with the likes of Exxon (XOM), Shell, BP and Total. CVX consistently ranks among the lowest cost producers in its nine-company peer group. Strong production growth is anticipated in 2018 and 2019. …read more From:: Resource Investor

Occidental Petroleum ranks among the largest independent oil producers with a market cap of $50 billion, and it sells at a premium multiple in its peer group. Our target for OXY stock is $89 per share, a 37% increase from current prices, based on a $60 per barrel WTI oil price in 2018 and its

A daily summary of high-profile members of several complexes. …read more From:: Resource Investor

U.S. consumers are becoming more confident to spend. U.S. retail sales increased 0.3% in April, and March figures were revised up to 0.8% from 0.6%. When excluding food services, autos and building materials, the so-called retail-control group sales gained 0.4%. …read more From:: Resource Investor

The euro/U.S. dollar (EUR/USD) currency pair is breaking down as the dollar upsurge continues. This follows buck-denominated gold’s meltdown from the day before. The metal remains under pressure amid an appreciating US dollar and rising bond yields. …read more From:: Resource Investor

Noble Energy (NBL) is a relatively small independent global oil and gas exploration and production producer with a market cap of $15 billion. Asset sales since 2010 generated proceeds of $6.8 billion. …read more From:: Resource Investor