The new U.S. Secretary of Energy, Ernest Moniz, is clearly a believer that the country absolutely must become more self-sufficient with the nation's energy supplies. He recently outlined three points of focus in order to make this a reality: increase our efficiency, electrify our transportation sector, and utilize alternative fuels.
In the following video, Motley Fool energy analysts provide you with details on a variety of companies that are already addressing these issues, and offer reasons why they might be worth consideration for your investment portfolio.�
One such company has been attempting to capitalize on the the movement toward alternative energy as it continues gaining momentum. This potential opportunity in this field is Clean Energy Fuels, which focuses its natural gas efforts primarily on trucking and fleet vehicles. It's poised to make a big impact on an essential industry. Learn everything you need to know about Clean Energy Fuels in The Motley Fool's premium research report on the company. Just click here now to claim your copy today.
Top 5 Income Stocks To Watch Right Now: Yahoo! Inc.(YHOO)
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. The company?s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which provide a range of communication and social services to users and small businesses enabling users to organize into groups and share knowledge, common interests, and photos. Its search products comprise Yahoo! Search and Yahoo! Local, available free to users to navigate the Internet and discover content. The company?s marketplaces offerings and services include Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business, which allow users to research specific topics, products, services, or areas of interest by review ing and exchanging information, obtaining contact details, or considering offers from providers of goods, services, or parties with similar interests. Its media offerings comprise Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Yahoo! Contributor Network, and Yahoo! Pulse, which are designed to engage users with online content and services on the Web. The company also offers marketing services, such as display and search advertising, listing-based services, and commerce-based transactions to advertisers. In addition, it provides software and platform offerings for third-party developers, advertisers, and publishers, such as Yahoo! Developer Network, Yahoo! Open Strategy, Yahoo! Application Platform, Yahoo! Updates, Yahoo! Query Language, and Yahoo! Search BOSS. The company has strategic alliances with Nokia and ABC News, Inc. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, Californi a.
Advisors' Opinion:- [By Laura Brodbeck]
Next week investors will be waiting for several key earnings reports including�General Electric Company (NYSE: GE), Intuitive Surgical, Inc. (NASDAQ: ISRG), Peabody Energy Corporation (NYSE: BTU), Nokia Corporation (NYSE: NOK), PrivateBancorp, Inc. (NASDAQ: PVTB),Yahoo! Inc. (NASDAQ: YHOO), Bank of America Corp (NYSE: BAC) and Verizon Communications Inc. (NYSE: VZ).
- [By Tim Beyers]
Yahoo! (NASDAQ: YHOO ) kicked off tech earnings week by reporting better-than-expected results, though revenue fell 7% year over year. Display ad revenue, long a source of strength for the business, fell 11%. The good news? Yahoo! says there are now 300 million active mobile users of its apps, a 50% improvement from December.
Hot Clean Energy Companies To Watch For 2014: ATP Oil And Gas Corp (AOB)
ATP Oil & Gas Corporation, incorporated in 1991, is engaged in the acquisition, development and production of oil and natural gas properties. As of December 31, 2011, the Company had estimated net proved reserves of 118.9 Million barrels of crude oil equivalent (MMBoe), of which approximately 75.9 MMboe (64%) were in the Gulf of Mexico and 42.9 MMBoe (36%) were in the North Sea. The reserves consisted of 78.6 Million barrels (MMBbls) of oil (66%) and 241.5 billion cubic feet (Bcf) of natural gas (34%). Its proved reserves in the deepwater area of the Gulf of Mexico account for 62% of the Company�� total proved reserves and its proved reserves on the Gulf of Mexico Outer Continental Shelf account for 2% of its total proved reserves. During the year ended December 31, 2011, the Company acquired three licenses in the Mediterranean Sea covering potential natural gas resources in the deepwater off the coast of Israel (East Mediterranean). On August 17, 2012, ATP Oil And Gas Corp filed for Chapter 11 bankruptcy protection.
The Company�� natural gas reserves are split between the Gulf of Mexico (57%) and the North Sea (43%). Of its total proved reserves, 8.3 MMBoe (7%) were producing, 19.0 MMBoe (16%) were developed and not producing and 91.6 MMBoe (77%) were undeveloped. The Company�� average working interest in its properties at December 31, 2011, was approximately 81%. The Company operates 92% of its platforms. At December 31, 2011, in the Gulf of Mexico, it owned leasehold and other interests in 38 offshore blocks and 49 wells, including 23 subsea wells. The Company operates 43 (88%) of these wells, including 100% of the subsea wells. In the North Sea, it also had interests in 13 blocks and two Company-operated subsea wells. As of March 15, 2011, the Company owned an interest in 13 platforms, including two floating production facilities in the Gulf of Mexico, the ATP Titan at its Telemark Hub and the ATP Innovator at its Gomez Hub. It operates the ATP Innovator and the ATP Titan.
Advisors' Opinion:- [By John Emerson]
Most of the Chinese companies that I purchased now reside on the Pink Sheets or have disappeared altogether, but at one time they all traded on major US exchanges. One of them (AOB), even received the honor of ringing the opening bell at the New York Stock Exchange in 2007, and people say that crime does not pay.
Hot Clean Energy Companies To Watch For 2014: Microchip Technology Incorporated(MCHP)
Microchip Technology Incorporated, together with its subsidiaries, develops, manufactures, and sells semiconductor products for various embedded control applications. It offers a family of microcontroller products that include 8-bit, 16-bit, and 32-bit PIC microcontrollers; and 16-bit dsPIC digital signal controllers, which feature on-board flash memory technology. The company also provides a set of application development tools that enable system designers to program a PIC microcontroller and dsPIC DSC for specific applications. In addition, it offers analog and interface products, which consist of various families with approximately 600 power management, linear, mixed-signal, thermal management, safety and security, and interface products. Further, the company provides memory products comprising serial electrically erasable programmable read-only memory. Its products are used in various applications in automotive, communications, computing, consumer, and industrial contr ol markets. Microchip Technology Incorporated markets its products primarily through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. The company was founded in 1989 and is based in Chandler, Arizona.
Advisors' Opinion:- [By ovenerio]
The company has a current ROE of 22.99% which is higher than the one exhibit by Microchip Technology (MCHP), Analog Devices (ADI) and�Nvidia Corp. (NVDA).In general, analysts consider ROE ratios in the 15-20% range as representing attractive levels for investment. So for investors looking those levels or more, Micron Technologies (MU) could be the option. It is very important to understand this metric before investing and it is important to look at the trend in ROE over time.
- [By Ben Levisohn]
Friday’s selling was particularly disturbing. Twice today the market sold off, only to battle back into the black. Then the selling really started to pick up, as the S&P 500 closed down 1.2%, the Russell 2000 finished off 1.4% and the Nasdaq Composite got hammered to the tune of 2.3%. Worse still, there was no catalyst for the selling, save for the meltdown in chip stocks after Microchip Technology (MCHP) warned of an industry slowdown.
Hot Clean Energy Companies To Watch For 2014: AVG Technologies NV (AVG)
AVG Technologies N.V. (AVG), incorporated on March 3, 2011, provides software and online services. The Company is primarily engaged in the development and sale of Internet security software and online service solutions branded under the AVG name. The Company�� solutions include software and online services, include security, personal computer (PC) management, online backup and other products. As of December 31, 2011, the Company had approximately 15 million subscription users. AVG�� portfolio consists of Anti-Virus suite, Internet Security suite, Premium Security suite, AVG Mobilation, AVG Threatlabs, Family Safety, TuneUp Utilities and PC Tuneup, LiveKive and MultiMi. On January 4, 2011, the Company acquired DroidSecurity Ltd. On March 3, 2011, the Company established AVG Holding Cooperatief U.A. On May 18, 2011, the Company acquired iMedix Web Technologies Ltd. In August 2011, it acquired TuneUp Software GmbH. On August 19, 2011, AVG Technologies GER GmbH acquired TuneUp Software GmbH. On October 31, 2011, AVG Technologies Holdings B.V. acquired AVG Distribution Switzerland AG. In November 2011, the Company acquired Bsecure Solutions, Inc. On January 13, 2012, AVG Technologies USA, Inc. acquired OpenInstall, Inc. In May 2013, AVG Technologies NV acquired online privacy organisation PrivacyChoice.
The Company�� products include AVG Internet Security, AVG Anti-Virus, AVG Email Server Edition, AVG File Server Edition, AVG Linux Server Edition, AVG Rescue CD and AVG Remote Administration. The Company�� subsidiaries include AVG Technologies USA Inc., AVG Technologies CZ, s.r.o., AVG Technologies UK Ltd, AVG Exploit Prevention Labs, Inc., AVG Technologies GER, GmbH, AVG Technologies FRA SAS, AVG Technologies HK, Limited, AVG (Beijing) Internet Security Technologies Company Limited, AVG Mobile Technologies Ltd, AVG Netherlands B.V., AVG Ecommerce CY Ltd, AVG Technologies Holding B.V., TuneUp Software GmbH, TuneUp Distribution GmbH, TuneUp Corporation and AVG Distribution Switzerland AG! .
The Company competes with Microsoft, Google, Apple, Qihoo, Tencent, Facebook, UniBlue, Symantec, Trend Micro, Avast!, Avira, Symantec, Carbonite, Dropbox, Intel Corporation, Trend Micro, Eset, Kaspersky Labs, Panda Software, Sophos, Rising, Kingsoft, Check Point and F-Secure.
Advisors' Opinion:- [By Igor Novgorodtsev]
InterActiveCorp (IACI) bought Ask.com for $1.85 billion in 2005. The new Perion will be worth only about 40% of that. After the merger, Perion will leapfrog its much larger rivals: Babylon and AVG (AVG). Finally, Perion should be able to increase its operating margins as it can spread its SG&A costs over a much larger base (Conduit EBITDA margin is 32% vs. Perion's 23%). Perion will keep its senior management team intact: Josef Mandelbaum will remain its CEO and Yacov Kaufman its CFO. Perion has successfully orchestrated a roll-up acquisitions of privately-held Sweetpacks and Smilebox, so I have high confidence that they know how to integrate a new business.
- [By Seth Jayson]
AVG Technologies (NYSE: AVG ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), AVG Technologies beat expectations on revenues and crushed expectations on earnings per share. - [By MONEYMORNING]
For instance, in the March 15 Private Briefing report, "Double Your Money With this Cyber-Hacking of America Stock," we recommended AVG Technologies NV (NYSE: AVG), an Amsterdam-based cybersecurity whose shares we believed were good for a 100% gain in a year.
Hot Clean Energy Companies To Watch For 2014: Hecla Mining Co (HL)
Hecla Mining Company, incorporated on August 7, 2006, is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company operates in two segments: the Greens Creek unit and the Lucky Friday unit. Its wholly-owned subsidiary is Hecla Alaska LLC. The Company produces zinc, lead and bulk concentrates at its Greens Creek unit and lead and zinc concentrates at its Lucky Friday unit, which it sells to custom smelters on contract, and unrefined gold and silver bullion bars (dore) at Greens Creek, which are sold directly to customers or further refined before sale to precious metals traders. The concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek also contain payable gold. During the year ended December 31, 2012, the Company produced 6,394,235 ounces of silver, 55,496 ounces of gold, 21,074 tons of lead and 64,249 tons of Zinc. Effective February 26, 2013, Hecla Mining Company, through its wholly owned subsidiary, acquired a 24.73% stake in Brixton Metals Corp. In June 2013, the Company announced that its acquisition of Aurizon Mines Ltd is complete.
The Greens Creek Unit
Greens Creek is located on Admiralty Island, near Juneau, Alaska. The Greens Creek unit is 100% owned. During the year ended December 31, 2012, Greens Creek contributed 100%, of its consolidated revenue.
The Lucky Friday unit
The Lucky Friday unit is located in northern Idaho. Lucky Friday is 100% owned by the company.
Advisors' Opinion:- [By Jon C. Ogg]
This is helping to boost Hecla Mining Co. (NYSE: HL). 24/7 Wall St. recently named nine stocks that could double in 2014, and Hecla was one of those nine stocks. Hecla is trying to turnaround after a series of unfortunate events. To highlight just how bad this was, Hecla’s stock price started imploding before it became the norm for gold and silver miners to begin imploding. Yet its chart is at a critical inflection point.
- [By Dan Caplinger]
Yet there could be another shoe to drop. Across the industry, companies that have tied their dividends to prevailing bullion prices or financial results have had to pull back on their payouts. For instance, Silver Wheaton (NYSE: SLW ) reduced its second-quarter dividend from $0.14 per share to $0.12, and the drop would have been larger if the company hadn't changed its calculation method to smooth changes in operating cash flow by looking back over four quarters. Hecla Mining (NYSE: HL ) cut its dividend by 80% in May, and with silver prices having fallen further, the dividend could potentially disappear in the future. Newmont reduced its dividend by 18% in the first quarter, reversing its most recent increase the previous quarter. But with gold another 20% lower, further cuts could be imminent.
- [By Rich Duprey]
Silver miner Hecla Mining (NYSE: HL ) has completed the acquisition of Aurizon Mines, for which it paid approximately $760 million, the company announced today.
- [By Jake L'Ecuyer]
Top losers in the sector included Endeavour Silver (NYSE: EXK), off 4 percent, and Hecla Mining Co (NYSE: HL), down 3.5 percent.
Top Headline
Halliburton (NYSE: HAL) posted a profit in the first quarter. Halliburton swung to a quarterly profit of $622 million, or $0.73 per share, versus a year-ago loss of $18 million, or $0.02 per share. Its income from continuing operations came in at $0.73 per share. Its total revenue climbed to $7.35 billion versus $6.97 billion. However, analysts were estimating earnings of $0.72 per share on revenue of $7.26 billion.
Hot Clean Energy Companies To Watch For 2014: MDU Resources Group Inc (MRE)
MDU Resources Group, Inc.,incorporated on March 14, 1924, is a diversified natural resource company. Montana-Dakota Utilities Co. (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas in Montana, North Dakota, South Dakota and Wyoming. Cascade Natural Gas Corporation (Cascade), which is an indirect wholly owned subsidiary of MDU Energy Capital, distributes natural gas in Oregon and Washington. Intermountain Gas Company (Intermountain) distributes natural gas in Idaho. Great Plains Natural Gas Co. (Great Plains), which is a public utility division of the Company, distributes natural gas in western Minnesota and southeastern North Dakota. These operations also supply related value-added services. The Company�� segments include electric, pipeline and energy services, exploration and production, construction materials and contracting and construction services.
The Company, through its wholly owned subsidiary, Centennial Energy Holdings, Inc. (Centennial), owns WBI Holdings, Inc. (WBI Holdings) (consisting of the pipeline and energy services and the exploration and production segments), Knife River Corporation (Knife River) (construction materials and contracting segment), MDU Construction Services Group, Inc. (MDU Construction Services) (construction services segment), Centennial Energy Resources LLC (Centennial Resources) and Centennial Holdings Capital LLC (Centennial Capital) (both included in the Other category). The Company produces Greenhouse gas (GHG) emissions primarily from its fossil fuel electric generating facilities, as well as from natural gas pipeline and storage systems, operations of equipment and fleet vehicles, and oil and natural gas exploration and development activities.
Electric
Montana-Dakota provides electric service at retail, serving more than 131,000 residential, commercial, indu! strial and municipal customers in 177 communities and adjacent rural areas as of December 31, 2012. The principal properties owned by Montana-Dakota for use in its electric operations include interests in 10 electric generating facilities and three small portable diesel generators, as further described under System Supply, System Demand and Competition, approximately 3,100 and 4,700 miles of transmission and distribution lines, respectively and 51 transmission and 268 distribution substations. Montana-Dakota has obtained and holds valid and existing franchises authorizing it to conduct its electric operations in all of the municipalities it serves where such franchises are required.
The Company, through the Midwest Independent Transmission System Operator, Inc. (Midwest ISO), Montana-Dakota has access to wholesale energy, ancillary services and capacity markets. The Midwest ISO is a regional transmission organization responsible for operational control of the transmission systems of its members. The Midwest ISO provides security center operations, tariff administration and operates day-ahead and real-time energy markets, ancillary services and capacity markets. In 2012, Montana-Dakota purchased approximately 27 % of its net kilowatts-hour needs for its interconnected system through the Midwest ISO market.
Montana-Dakota serves markets in portions of western North Dakota, including Bismarck, Mandan, Dickinson and Williston; eastern Montana, including Glendive and Miles City; and northern South Dakota, including Mobridge. The maximum electric peak demand experienced to date attributable to Montana-Dakota's sales to retail customers on the interconnected system was 573,587 kilowatts in July, 2012. The interconnected system consists of nine electric generating facilities and three small portable diesel generators, which has an aggregate nameplate rating attributable to Montana-Dakota's interest of 488,905 kilowatts. Through the Sheridan System, which is a separate electric system o! wned by M! ontana-Dakota, Montana-Dakota serves Sheridan, Wyoming, and neighboring communities. The maximum peak demand attributable to Montana-Dakota sales to retail customers on that system was approximately 61,501 kilowatts in July, 2012.
Montana-Dakota's four principal generating stations are steam-turbine generating units, which uses coal for fuel. The nameplate rating for Montana-Dakota's ownership interest in these four stations , including interests in the Big Stone Station and the Coyote Station, aggregating 22.7 % and 25%, respectively is 327,758 kilowatts. Two combustion turbine peaking stations, two wind electric generating facilities, a heat recovery electric generating facility and three small portable diesel generators supply the balance of Montana-Dakota's interconnected system electric generating capability.
The Coyote coal supply agreement provides for the purchase of coal necessary to supply the coal requirements of the Coyote Station or 30,000 tons per week, whichever may be the greater quantity at contracted pricing. The Heskett and Lewis & Clark coal supply agreements provide for the purchase of coal necessary to supply the coal requirements of these stations at contracted pricing. Montana-Dakota estimates the Heskett and Lewis & Clark coal requirement to be in the range of 450,000 to 550,000 tons and 250,000 to 350,000 tons per contract year, respectively
Natural Gas Distribution
The Company's natural gas distribution operations consist of Montana-Dakota, Great Plains, Cascade and Intermountain, which sell natural gas at retail, serving over 859,000 residential, commercial and industrial customers in 334 communities and adjacent rural areas across eight states as of December 31, 2012, and provide natural gas transportation services to certain customers on their systems. These services are provided through distribution systems aggregating approximately 18,200 miles.
The Company's purchased natural gas is supplied by a po! rtfolio o! f contracts specifying market-based pricing and is transported under transportation agreements with WBI Energy Transmission, Northwest Pipeline GP, Northern Natural Gas, Gas Transmission Northwest LLC, Northwestern Energy, Viking Gas Transmission Company and Ruby Pipeline LLC. The natural gas distribution operations have contracts for storage services to provide gas supply during the winter heating season and to meet peak day demand with various storage providers, including WBI Energy Transmission, Questar Pipeline Company, Northwest Pipeline GP and Northern Natural Gas. In addition, certain of the operations have entered into natural gas supply management agreements with various parties.
Pipeline and Energy Services
WBI Energy Transmission, the regulated business of this segment, owns and operates approximately 3,800 miles of transmission, gathering and storage lines in Montana, North Dakota, South Dakota and Wyoming. WBI Energy Midstream owns a 50% undivided interest in certain midstream assets located in western North Dakota. Three underground storage fields in Montana and Wyoming provide storage services to local distribution companies, producers, natural gas marketers and others, and serve to enhance system deliverability. WBI Energy Transmission's system is located near five natural gas producing basins, making natural gas supplies available to WBI Energy Transmission's transportation and storage customers. The system has 13 interconnecting points with other pipeline facilities allowing for the receipt and/or delivery of natural gas to and from other regions of the country and from Canada.
WBI Energy Midstream, the non-regulated pipeline business of this segment, owns and operates gathering facilities in Colorado, Kansas, Montana and Wyoming. It also owns a 50% undivided interest in certain midstream assets located in western North Dakota that were acquired in 2012, which include a natural gas processing plant, both oil and gas gathering pipelines, an ! oil stora! ge terminal and an oil pipeline. Prairielands is an energy services business,which provides natural gas purchase and sales services to local distribution companies, producers, other marketers and a limited number of end-users, primarily using natural gas produced by the Company's exploration and production segment. WBI Energy Transmission's underground natural gas storage facilities has a storage capacity of approximately 353 billion cubic feet, including 193 billion cubic feet of working gas capacity, 85 billion cubic feet of cushion gas and 75 billion cubic feet of native gas.
Exploration and Production
Fidelity is involved in the acquisition, exploration, development and production of oil and natural gas resources. Fidelity continues to seek additional reserve and production growth opportunities through these activities. Fidelity's business is focused primarily in two core regions: Rocky Mountain and Mid-Continent/Gulf States.
Fidelity's Rocky Mountain region includes Bakken areas , which includes oil targets in which Fidelity holds approximately 16,000 net acres in Mountrail County, North Dakota, approximately 51,000 net acres in Stark County, North Dakota, and approximately 60,000 net acres in Richland County, Montana; Cedar Creek Anticline, which is in primarily in eastern Montana, the Company has a long-held net profits interest in this oil play. Paradox Basin holds approximately 83,000 net acres located in Grand and San Juan Counties, Utah, targeting oil; Big Horn Basin includes approximately 33,000 net acres in Wyoming, targeting oil and Natural gas liquids (NGL); Green River Basin properties primarily includes natural gas targets in Wyoming in which the Company holds approximately 36,000 net acres; Baker Field is a long-held natural gas properties in which Fidelity holds approximately 99,000 net acres in southeastern Montana and southwestern North Dakota; Bowdoin Field is a long-held natural gas properties in which Fidelity holds approximately 127,000 net! acres in! north-central Montana, and Other includes other exploratory oil projects in the Niobrara play in Wyoming and the Heath Shale in Montana; along with the Powder River Basin natural gas properties, which Fidelity is pursuing divestment of and various non-operated positions.
Fidelity's Mid-Continent/Gulf States region includes South Texas area includes approximately 9,000 net acres in the Tabasco, Texan Gardens and Flores fields, this area has NGL content associated with the natural gas. East/Central Texas holds approximately 27,000 net acres, primarily natural gas and associated NGL. Other includes various non-operated onshore interests, as well as offshore interests in the shallow waters off the coasts of Texas and Louisiana. At December 31, 2012, there were 44 gross (17 net) wells in the process of drilling or under evaluation, 39 of which were development wells and 5 of which were exploratory wells.
Construction Materials and Contracting
Knife River operates construction materials and contracting businesses. These operations mine, process and sell construction aggregates (crushed stone, sand and gravel); produce and sell asphalt mix and supply ready-mixed concrete for construction, including roads, freeways and bridges, as well as homes, schools, shopping centers, office buildings and industrial parks. Although not common to all locations, other products include the sale of cement, liquid asphalt for various commercial and roadway applications, various finished concrete products and other building materials and related contracting services.
Construction Services
MDU Construction Services specializes in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment. This segment also provides utility excavation services and inside electrical wiring, cabling and mechanical services, sells and distributes electrical materials, and manufactures ! and distr! ibutes specialty equipment. These services are provided to utilities and manufacturing, commercial, industrial, institutional and government customers. MDU Construction Services operates a fleet of owned and leased trucks and trailers, support vehicles and specialty construction equipment, such as backhoes, excavators, trenchers, generators, boring machines and cranes. In addition, as of December 31, 2012, MDU Construction Services owned or leased facilities in 17 states. This space is used for offices, equipment yards, warehousing, storage and vehicle shops.
Advisors' Opinion:- [By Eric Lam]
Martinrea International Inc. (MRE), a metal auto-parts maker, slumped 10 percent to C$10.96 after the company said it received a press release discussing a claim from Nat Rea, former vice chairman of the company. Martinrea has not received the claim or reviewed the allegations and will ��espond appropriately in due course.��
Hot Clean Energy Companies To Watch For 2014: Concho Resources Inc. (CXO)
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of producing oil and natural gas properties in the United States. Its operations are focused in the Permian Basin of Southeast New Mexico and West Texas. The company also has acreage positions in the Bakken/Three Forks play in North Dakota. As of December 31, 2010, Concho Resources had estimated proved reserves of 323.5 million barrel of oil equivalent. The company is headquartered in Midland, Texas.
Advisors' Opinion:- [By Russ Krull]
Concho Resources (NYSE: CXO ) reopened an issue from last August and sold $850 million of 10-year, 5.5% paper. Concho got a better deal on this round, selling the paper at 103.75% of par, compared with even par last August. About $320 million of the new money is funding a tender offer for some higher-rate 2017 paper. The rest of the money goes toward paying down a credit facility and for general corporate purposes.
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: �McKesson�(NYSE: MCK), Concho Resources (NYSE: CXO), Diamondrock Hospitality (NYSE: DRH) Economic Releases Expected: �US Federal budget balance, Indian industrial productionTuesday
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