LONDON -- Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average (DJINDICES: ^DJI ) may open up by 0.41% this morning, while the S&P 500 (SNPINDEX: ^GSPC ) may open 0.51% higher.
Asian markets closed lower overnight, but European markets rose steadily this morning as last week's turbulence in the eurozone subsided. In Greece, the government is believed to have agreed on a deal to secure its next bailout payment, while in Portugal, the threat of a destabilizing general election has receded after Prime Minister Pedro Passos Coelho agreed on a deal with Paulo Portas, the leader of his party's main coalition partner, CDS-PP. However, German industrial production fell by more than expected in May: Official figures published today showed a 1% drop, double the 0.5% fall expected by analysts. At 8 a.m. EDT, the FTSE 100 was up 0.14%, while Germany's DAX was up 2.33%.
Today's U.S. economic reports include consumer credit figures for May, which are due at 3 p.m. EDT. Investors may be more likely to continue to analyze Friday's employment figures and to look forward to the minutes of the latest Federal Open Market Committee meeting, which are due to be published on Wednesday afternoon. Producer Price Index inflation data due on Friday will also be of interest and is expected to confirm that inflation remains below Federal Reserve targets.
Best Construction Material Stocks To Watch Right Now: Tahoe Resources Inc (TAHO)
Tahoe Resources Inc. operates Escobal mine. The Company owns 100 % interest in Escobal project located in southeastern Guatemalan, approximately 70 kilometer from Guatemala City, near the municipality of San Rafael las Flores. Escobal mine contains silver, gold, lead, and zinc mineralization. In addition, the Company is engaged in the exploration and a review of prospective mineral acquisitions for mining of precious metal. Advisors' Opinion:- [By Luke Jacobi]
Tahoe Resources’ (NYSE: TAHO) Escobal mine is a silver deposit in southeast Guatemala, from which all of the company’s production occurs. Fortunately for Tahoe, the mine is in the southeast of the country, while the quake was most felt on the other side of Guatemala. The company told Benzinga its operations were not at all affected by the earthquake and that just a few tremors were felt.
5 Best Gas Utility Stocks To Watch Right Now: SandRidge Mississippian Trust I (SDT)
SandRidge Mississippian Trust I (The Trust) is a statutory trust. The Trust was created to acquire and hold the Royalty Interests for the benefit of Trust unitholders. SandRidge conveyed to the Trust the Royalty Interests in specified oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant, Major and Woods counties in Oklahoma (the Underlying Properties). These Royalty Interests were derived from SandRidge�� interests in a 36 wells and the equivalent of 123 horizontal development wells to be drilled in the Mississippian formation (Trust Development Wells) within an area of mutual interest (AMI), consisting of approximately 49,600 gross acres (42,000 net acres) in the counties where the Underlying Properties are located.
Effective January 1, 2011, the Royalty Interests entitle the Trust to receive 90% of the proceeds from the sale of oil and natural gas production attributable to its net revenue interest in the Initial Wells and 50% of the proceeds from the sale of oil and natural gas production attributable to SandRidge�� net revenue interest in the Trust Development Wells. As of December 31, 2011, the Trust�� properties consisted of Royalty Interests in the Initial Wells, 48 wells (equivalent to approximately 53 Trust Development Wells under the development agreement) and the equivalent of approximately 70 Trust Development Wells to be drilled in the Mississippian formation.
Advisors' Opinion:- [By Adam Galas]
As the chart illustrates, SandRidge's other royalty trust,�SandRidge Mississippian Trust I (NYSE: SDT ) , which has already had its final wells drilled, has been experiencing a severe decline in distributions, a result of its massive quarterly production declines of 26%, 21%, and 22% immediately after the last well was drilled.�
- [By Dan Caplinger]
SandRidge has made a huge bet on the Mississippian Lime shale play, especially after selling off its Permian Basin assets late last year. Unfortunately, that bet hasn't paid off well for shareholders, as the company saw its spun-off royalty trusts SandRidge Mississippian Trust I (NYSE: SDT ) and SandRidge Mississippian Trust II (NYSE: SDR ) fail to meet their projections for distribution amounts during the first quarter. The main problem has been that wells in the Mississippian Lime have produced more natural gas than expected, and even with a slight rebound in gas prices, it still doesn't produce adequate margins compared to oil and natural-gas liquids.
- [By Matt DiLallo]
The problem here is that SandRidge has been�dependent�on asset sales and its running out of assets to sell. In addition to the Permian sale, SandRidge has now taken three royalty trusts public. One consisting of Permian Basin assets, SandRidge Permian Trust (NYSE: PER ) and two consisting of Mississippian assets, SandRidge Mississippian Trust I (NYSE: SDT ) and SandRidge Mississippian Trust II (NYSE: SDR ) . While SandRidge still owns a portion of each trust, it likely will continue to sell off its ownership stake in each trust as well as other assets it still owns. At some point SandRidge will need to live within its oil and gas cash flows, otherwise, its not worth owning.�
5 Best Gas Utility Stocks To Watch Right Now: Warren Resources Inc.(WRES)
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of onshore crude oil and gas reserves in the United States. It primarily explores for oil reserves in the Wilmington field in California; and natural gas in the Washakie Basin in Wyoming. The company was founded in 1990 and is headquartered in New York, New York.
Advisors' Opinion:- [By gurujx]
Warren Resources, Inc. (WRES): Vice President & CFO Stewart P Skelly Sold 54,000 Shares
Vice President & CFO Stewart P Skelly sold 54,000 shares of WRES stock on 09/19/2013 at the average price of $2.91. Stewart P Skelly owns at least 116,545 shares after this. The price of the stock has increased by 1.37% since.
5 Best Gas Utility Stocks To Watch Right Now: TransAlta Corporation (TAC)
TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company. The company engages in the production and sale of electric energy through its diversified portfolio of facilities fuelled by coal, natural gas, hydroelectric, wind, geothermal, and biomass resources in Canada, the United States, and Australia. It has an aggregate net ownership interest of approximately 8,025 megawatts of generating capacity in operation. The company was founded in 1911 and is based in Calgary, Canada.
Advisors' Opinion:- [By alicet236]
TransAlta Corporation (TAC) Reached the Five-Year Low of $12.78
The prices of TransAlta Corporation (TAC) shares have declined to close to the five-year low of $12.78, which is 47.9% off the five-year high of $23.30. TransAlta Corp. is owned by one Guru we are tracking. Among them, zero have added to their positions during the past quarter. One reduced their position. TransAlta Corp. was incorporated under the Canada Business Corporations Act in March 1985. TransAlta Corp. has a market cap of $3.43 billion; its shares were traded at around $12.78 with a P/E ratio of 96.80 and P/S ratio of 1.46. The dividend yield of TransAlta Corp. stocks is 8.71%. TransAlta Corp. had an annual average earnings growth of 0.20% over the past 10 years.
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