The massive supply of natural gas that has resulted from new drilling technologies applied to U.S. shale fields over the past few years has been a boon not only to consumers who use gas for heating their homes, but also to a variety of companies, including chemical, steel and fertilizer manufacturers, for whom energy costs are substantial.
The U.S. has been inundated with so much cheap natural gas, in fact, that trucking companies are increasingly switching over to gas-powered engines for their fleets, while auto manufactures are offering hybrid vehicles that have the ability to burn both compressed natural gas and gasoline.
And now, the next logical step of the natural gas-fueled transformation of the transport industry -- gas-powered locomotives -- looks to be in its early stages.
U.S. railroads show interest in natural gas
Since the 1950s, U.S. locomotives have been powered mainly by diesel. But with the combination of relatively low natural gas prices and the threat of more stringent emissions standards for locomotives slated to take effect in 2015, many of the nation's biggest rail companies are reconsidering their traditional fuel of choice.
Top 5 Regional Bank Stocks To Watch Right Now: Obagi Medical Products Inc.(OMPI)
Obagi Medical Products, Inc., a specialty pharmaceutical company, develops, markets, and sells topical aesthetic and therapeutic prescription skin care systems. It offers Obagi Nu-Derm System, including prescription and OTC drugs that are used for the treatment of fine lines, wrinkles, acne, photo damage, hyperpigmentation, melasma, laxity, and skin sallowness; Obagi Condition and Enhance Systems that are used before and after surgical and non-surgical cosmetic procedures; Obagi-C Rx System comprises Vitamin C with 4% hydroquinone system to treat skin conditions resulting from sun damage and the oxidative damage of free radicals; and Professional-C products consisting of Vitamin C serums for the treatment of antioxidant protection, fine lines, wrinkles, and hyperpigmentation. The company also provides ELASTIderm Eye and D�olletage, which increases the elasticity and skin tone of eyes, face, neckline, and chest; ELASTILash Eyelash Solution that enhances the appearance of thickness and fullness of eyelashes; CLENZIderm M.D. Systems and Tretinoin for treating acne; and Obagi Rosaclear System used for the treatment of rosacea. In addition, it offers Refissa and Blue Peel RADIANCE used for the treatment of fine facial lines, hyperpigmentation, and tactile roughness; Metronidazole used for the treatment of rosacea; Obagi Blue Peel Essential Kit used for the treatment of fine lines, wrinkles, and hyperpigmentation. Further, the company licenses non-prescription product concepts under the Obagi trademark to a Japanese-based pharmaceutical company for sale through consumer distribution channels in Japan. Obagi Medical Products, Inc. sells its products through sales force and distribution partners in the United States, North and Central America, Europe, the Middle East, and Asia to dermatologists, plastic surgeons, and other physicians that are focused on aesthetic and therapeutic skin care. The company was founded in 1988 and is headquartered in Lon g Beach, California.
Advisors' Opinion:- [By David Williamson]
Though many excited traders had hoped to see the bidding war continue between Valeant Pharmaceuticals (NYSE: VRX ) and Merz over Obagi Medical Products (NASDAQ: OMPI ) and a subsequent run-up in the stock price of the smaller dermatological products maker, Merz has now walked away from the table, leaving the highly acquisitive Valeant the victor. In this video, Motley Fool health care analyst David Williamson gives us some background on these companies and tells us how Valeant plans to profit from the deal, and describes for investors why this is a win both for Obagi and for Valeant.
- [By Keith Speights]
"Bidness" is good
Last week, Obagi Medical Products (NASDAQ: OMPI ) made our list of humongous performers after Valeant Pharmaceuticals� (NYSE: VRX ) announced a $344 million bid for the company. This week saw a bidding frenzy, with Obagi shares jumping another 29%.
10 Best Trucking Stocks To Watch For 2014: GlaxoSmithKline PLC(GSK)
GlaxoSmithKline plc, together with its subsidiaries, engages in the discovery, development, manufacture, and marketing of pharmaceutical products, over the counter (OTC) medicines, and health-related consumer products worldwide. It offers pharmaceutical products in various therapeutic areas comprising respiratory, HIV, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterial, oncology and emesis, vaccines, and dermatologicals. The company provides prescription medicines to treat a range of conditions, including infections, depression, skin conditions, asthma, heart and circulatory disease, and cancer. It also markets a range of vaccines to prevent life-threatening or crippling illnesses, such as hepatitis A, hepatitis B, diphtheria, tetanus, whooping cough, measles, mumps, rubella, polio, typhoid, influenza, and bacterial meningitis. In addition, the company provides OTC medicines, including Panadol, a paracetamol-based treatment of headache and joi nt pain, fever, and cold symptoms; Gaviscon, a range of antacid products that relieve heartburn due to acid reflux; and NicoDerm, NiQuitin CQ, Nicabate, and Nicorette for the treatment of nicotine withdrawal as an aid to quit smoking. Further, it offers oral healthcare products comprising Sensodyne, a range of toothpastes and toothbrushes for the prevention of dental sensitivity; Aquafresh, a range of toothpastes, toothbrushes, and mouthwashes; and Polident, Poligrip, and Corega, which are denture adhesives and cleansers. Additionally, the company provides nutritional healthcare products consisting of Lucozade, an energy and sports drinks for energy and hydration; Horlicks, a malted, milk-based drink and food for nutrition application; and Ribena, an apple, orange, raspberry, and pomegranate flavored fruit drink, as well as markets skincare products. GlaxoSmithKline plc was incorporated in 1999 and is headquartered in Brentford, United Kingdom.
Advisors' Opinion:- [By Sean Williams]
Perhaps the most exciting new treatment to hit the market in years was recently approved by the FDA. Developed by GlaxoSmithKline (NYSE: GSK ) and Theravance (NASDAQ: THRX ) , Breo Ellipta is a dry powder drug delivered by inhaler and meant to provide long-term relief of air-flow obstruction and reduce COPD exacerbations. The two companies are collaborating on a handful of potentially revolutionary new COPD treatments that combine Theravance's long-acting beta-2 agonists with Glaxo's long-acting muscarinic antagonists. Its next treatment, Breo Anoro, is currently under review by the FDA.
- [By Maxx Chatsko]
Early this morning, Celgene (NASDAQ: CELG ) announced that it was discontinuing the phase 3 ORIGIN Trial evaluating Revlimid (lenalidomide) in B-Cell chronic lymphomatic leukemia. The trial enrolled 450 elderly patients who had not undergone prior treatments and compared Revlimid against Leukeran (chlorambucil) from GlaxoSmithKline (NYSE: GSK ) . Unfortunately, a higher number of patient deaths were observed in the Revlimid arm, which forced the Food and Drug Administration to place the trial on clinical hold last week and the eventual discontinuation today. What does it mean for patients? Is this a blow to investors? Let's review.
10 Best Trucking Stocks To Watch For 2014: Granite Broadcasting Corp (GRRP)
Granite Broadcasting Corporation (Granite), incorporated in 1988, is a television broadcasting company focused on developing and operating small- to middle-market television broadcast stations in the United States. The Company owns and operates six middle-market stations, and has shared services agreements and advertising representation agreements to two additional stations owned by Malara Broadcast Group and one additional station owned by Four Seasons Broadcast Company. Granite's revenues are derived principally from local and national advertising and, to a lesser extent, from network compensation for the broadcast of programming, and from studio rental and commercial production activities. On July 26, 2006, the Company completed the acquisition of WBNG, Channel 12, the CBS-affiliated television station serving Binghamton and Elmira, New York. In December 2006, Granite, along with certain of its subsidiaries, voluntarily filed petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
The stations that Granite owns and the stations to which the Company provides services under local services agreements operate in geographically diverse markets. With respect to the stations the Company owns, as of December 31, 2005, two stations are located in the west region (KBWB-San Francisco, California and KSEE-Fresno, California); four stations are located in the mid-west region (WDWB- Detroit, Michigan; WEEK-Peoria, Illinois; WISE-Fort Wayne, Indiana, and KBJR-Duluth, Minnesota), and two stations are located in the northeast region (WKBW-Buffalo and WTVH-Syracuse, New York).
As of December 31, 2005, four of the eight stations the Company owns are affiliated with NBC, one is affiliated with ABC, one is affiliated with CBS and two are affiliated with the WB Network, which has announced that it will no longer provide programming to WB affiliates effective September 2006. All three of the s! tations to which the Company provides services under local services agreements are located in the midwest region (WPTA-Fort Wayne, Indiana; KDLH-Duluth, Minnesota, and WAOE- Peoria, Illinois). WPTA is affiliated with ABC, KDLH is affiliated with CBS and WAOE is affiliated with UPN.
Affiliates of the major networks, which include NBC, ABC, CBS and Fox, receive a significant portion of their programming each day from the network. These major networks provide programming, and in some cases, cash payments, to their affiliated stations in exchange for a significant portion of the affiliates' advertising inventory during the network provided programs. These networks then sell this advertising time and retain the revenue.
Granite has entered into affiliation agreements with networks for each of the stations the Company owns. KSEE, WEEK, WISE (acquired on March 8, 2005) and KBJR are affiliated with NBC, WKBW is affiliated with ABC, WTVH is affiliated with CBS, and KBWB and WDWB stations are affiliated with WB. WPTA, which Granite sold, on March 7, 2005, to Malara Broadcast Group, is affiliated with ABC. With respect to the two stations that are owned by Malara Broadcast Group to which, since March 8, 2005, the Company provides services under local services agreements, KDLH is affiliated with CBS and WPTA is affiliated with ABC. WAOE, which is owned by Four Seasons Broadcast Company, is affiliated with UPN. In addition to these network affiliation agreements, Granite delivers WB programming on leased cable channels in Fort Wayne, Indiana and Duluth, Minnesota-Superior, Wisconsin. In the Duluth, Minnesota-Superior, Wisconsin, the Company delivers UPN programming on one of KBJR's digital streams, which programming is retransmitted in analog format by certain major cable systems in the DMA. In addition, KRII multicasts Weather Plus on another of KBJR's digital streams.
Since March 8, 2005, Granite has shared services agreements and advertising representation agreements (or loc! al servic! e agreements) to provide advertising, sales promotion and administrative services, and selected programming to two additional stations owned by Malara Broadcast Group, all of which Granite and Malara stations are affiliated with either ABC, NBC or CBS, the Company's Big Three Affiliates. On September 8, 2005, Granite entered into a definitive agreement (the KBWB Purchase and Sale Agreement) to sell substantially all of the assets of KBWB-TV, the WB affiliate serving the San Francisco, California television market, to AM Broadcasting KBWB, Inc. (the KBWB Buyer). In addition, on September 8, 2005, the Company entered into a definitive agreement (the WDWB Purchase and Sale Agreement, and together with the KBWB Purchase and Sale Agreement, the Purchase and Sale Agreements) to sell substantially all of the assets of WDWB-TV, the WB affiliate serving the Detroit Michigan television market, to AM Broadcasting WDWB, Inc. (the WDWB Buyer).
On September 1, 2005, Granite entered into an arrangement with Four Seasons Broadcast Company, under which the Company will provide advertising, sales promotion and administrative services to Four Seasons Broadcast Company-owned station WAOE-TV, the UPN affiliate serving Peoria-Bloomington, Illinois, in return for certain fees that will be paid by Four Seasons Broadcast Company to Granite. On January 13, 2006, Granite and certain of its subsidiaries entered into a definitive agreement with Television Station Group Holdings, LLC and certain of its subsidiaries to purchase substantially all of the assets of WBNG-TV, Channel 12, the CBS-affiliated television station serving Binghamton and Elmira, New York.
Advisors' Opinion:- [By Lauren Pollock]
E.W. Scripps Co.(SSP) agreed to acquire two television stations, one in Detroit and another in Buffalo, N.Y., for a combined $110 million from Granite Broadcasting Corp.(GRRP)
10 Best Trucking Stocks To Watch For 2014: MakeMyTrip Limited(MMYT)
MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and the United States. Its products and services include air tickets, hotels, packages, rail tickets, bus tickets, car hire, and ancillary travel requirements, such as travel insurance and visa processing. The company, through its Website, makemytrip.com, allow travelers to research, plan, and book a range of travel services and products in India and internationally. MakeMyTrip Limited also provides its products and services through other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents? network. Its customers comprise leisure travelers and small businesses. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in April 2010. MakeMyTrip Limited was founded in 2000 and is based in Gurgaon, India.
Advisors' Opinion:- [By Eddie Staley]
In trading on Tuesday, technology shares were relative laggards, down on the day by about 1.68 percent. Top decliners in the sector included Camtek (NASDAQ: CAMT), down 15.54 percent, and MakeMyTrip (NASDAQ: MMYT), off 11.85 percent.
- [By Faisal Humayun]
In one of my earlier articles, I had discussed the long-term prospects for make MakeMyTrip (MMYT) and also the growth the company has witnessed with strong presence in India. An increasing presence in the Asia Pacific region will boost Expedia�� growth as well and the acquisition is a positive step in that direction. Priceline (PCLN) has also adopted a similar growth strategy for expanding in the Asia Pacific and it is working for the company.
10 Best Trucking Stocks To Watch For 2014: Blount International Inc (BLT)
Blount International, Inc. (Blount) is a global industrial company. The Company designs, manufactures, and markets equipment, replacement and component parts, and accessories for professionals and consumers. The Company operates in two segments: Forestry, Lawn, and Garden (FLAG) segment and Farm, Ranch, and Agriculture (FRAG). It also manufactures and markets such items to original equipment manufacturers (OEMs) under private label brand names. The Company specializes in manufacturing cutting parts and equipment used in forestry, lawn and garden; farming, ranching, and agricultural, and construction applications. Blount also purchases products manufactured by other suppliers that are aligned with the markets it serves and markets them, under one of its brands, through its global sales and distribution network. Its products are sold in over 115 countries and approximately 63% of the Company�� sales were made outside of the United States during the year ended December 31, 2011. It has manufacturing operations in the United States, Brazil, Canada, China, France, and Mexico. In addition, it operates marketing, sales, and distribution centers in Asia, Europe, North America, and South America.
On March 1, 2011, through its indirect wholly owned subsidiary Blount Netherlands B.V. (Blount B.V.), the Company acquired KOX GmbH and related companies (collectively KOX), a Germany-based direct-to-customer distributor of forestry-related replacement parts and accessories, primarily serving professional loggers and consumers in Europe. On August 5, 2011, through Blount Holdings France SAS, it acquired Finalame SA, which included PBL SAS and related companies (collectively PBL). On September 7, 2011, through its indirect wholly owned subsidiary SP Companies, Inc., the Company acquired GenWoods HoldCo, LLC and its wholly owned subsidiary, Woods Equipment Company (collectively Woods/TISCO). Woods/TISCO is a manufacturer and marketer of tractor attachments, implements, and replacement parts, primarily for! the agriculture, ground maintenance, and construction end markets.
Forestry, Lawn, and Garden Segment
The FLAG segment, manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower and edger blades for outdoor power equipment. The FLAG segment also purchases replacement parts and accessories from other manufacturers and markets them, primarily under its brands, to its FLAG customers through the Company�� global sales and distribution network. The FLAG segment includes the operations of the Company that has served the forestry, lawn, and garden markets, as well as Carlton, KOX, and a portion of the PBL business. Its Forestry Products are sold under the Oregon, Carlton, KOX, Tiger, and Windsor brands, as well as under private labels for some of its OEM customers. Manufactured product lines include a range of cutting chain, chain saw guide bars, and cutting chain drive sprockets used on portable gasoline and electric chain saws and on mechanical timber harvesting equipment. The Company also purchases and markets replacement parts and other accessories for the forestry market, including small chain saw engine replacement parts, safety equipment and clothing, lubricants, maintenance tools, hand tools, and other accessories used in forestry applications. In 2011, the Company marketed a line of cordless electric chain saws under the Oregon PowerNow brand.
Blount�� lawn and garden products are sold under the Oregon and PBL brand names, as well as private labels for some of its OEM customers. Manufactured product lines include lawnmower and edger cutting blades designed to fit a variety of machines and cutting conditions. It also purchases and markets various cutting attachments, replacement parts, and accessories for the lawn and garden market, such as cutting line for line trimmers, air filters, spark plugs, lubricants, wheels, belts, grass bags, maintenance tools, hand tools, and accessories to service the lawn and garde! n equipme! nt industry. Its FLAG products are sold under both its own brands and private labels to OEMs for use on new chain saws and lawn and garden equipment, and to professionals and consumers as replacement parts through distributors, dealers, direct sales companies, and mass merchants. During 2011, approximately 21% of the FLAG segment�� sales were to OEMs, with the remainder sold into the replacement market.
The Company competes with Ariens, Briggs & Stratton, Fisher Barton, Husqvarna, Jaekel, John Deere, MTD, Northern Tool, Rotary, Stens, Stihl and TriLink.
Farm, Ranch, and Agriculture Segment
The Company�� FRAG segment manufactures and markets attachments and implements for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. In addition, the FRAG segment manufactures a variety of attachment cutting blade parts. The FRAG segment also purchases replacement parts and accessories from other manufacturers that the Company markets to its FRAG customers through its sales and distribution network. The FRAG segment includes the operations of SpeeCo, Woods/TISCO, and a portion of the PBL business.
Its equipment and tractor attachment products are sold under the Alitec, CF, Gannon, Oregon, PowerPro, SpeeCo, WainRoy, and Woods brand names, as well as under private labels for some of its OEM and retail customers. Product lines include attachments for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, snow blowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. OEM and aftermarket parts are sold under the PBL, Sp! eeCo, TIS! CO, Tru-Power, Vintage Iron, and WoodsCare brand names, as well as under private labels for some of its OEM customers. The FRAG segment manufactures a variety of attachment cutting blade component parts sold to OEM customers for inclusion in original equipment, and as replacement parts. The FRAG segment also markets replacement parts and accessories purchased from other manufacturers, including tractor linkage, electrical, engine and hydraulic replacement parts, and other accessories used in the agriculture and construction equipment markets.
The Company competes with Alamo Group, Champion, Doosan, Dover, Great Plains, Hope Haven, John Deere, Koch Industries, MTD, Swisher, A&I, Herschel, Kondex, Rasspe, SMA and Sparex.
Concrete Cutting and Finishing Products
The Company operates a business in the specialized concrete cutting and finishing market. These products are sold primarily under the ICS brand. The principal product is a diamond-segmented chain, which is used on gasoline and hydraulic powered concrete cutting saws and equipment. It also markets and distributes gasoline and hydraulic powered concrete cutting chain saws to its customers, which include contactors, rental equipment companies, and construction equipment dealers primarily in the United States and Europe. The power heads for these saws are manufactured by a third party.
The Company competes with Husqvarna and Stihl.
Advisors' Opinion:- [By Corinne Gretler]
BHP Billiton Ltd. (BLT) rose 4.1 percent to 1,950.5 pence after the world�� largest mining company upgraded its projection for full-year iron-ore production to 212 million tons from its earlier forecast of 207 million tons.
- [By Caroline Bennett]
Blount (NYSE: BLT ) took a few hits in this quarter's earnings report, which was released today. Sales were down 1% compared to Q3 2012, to $230.6 million, and the replacement parts manufacturer also took a $5.1 million restructuring charge for consolidating two facilities in Portland, Ore.
10 Best Trucking Stocks To Watch For 2014: iShares MSCI South Africa ETF (EZA)
iShares MSCI South Africa Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South African market, as measured by the MSCI South Africa Index (the Index). The Index seeks to measure the performance of the South African equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion to the Index.
The Index is reviewed quarterly by Morgan Stanley Capital International (MSCI). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Charles Sizemore]
Yet an interesting thing happened. While the news stories have gone from bad to worse, most emerging markets have been quietly enjoying a rally since early February. The iShares MSCI Emerging Markets ETF (EEM) is up about 7%, and the iShares MSCI South Africa ETF (EZA) is up fully 17%.
- [By Charles Sizemore]
Investors have pretty well forgotten about emerging markets over the past three years. The ��RIC��countries of Brazil, Russia, India and China no longer excite. Nor do more exotic non-BRIC locales such as South Africa. The iShares MSCI South Africa ETF (EZA) is down by roughly 15% since the beginning of 2011, while the S&P 500 has gained nearly 45%.
- [By Jim Powell]
For long-term investing, we continue to recommend Africa Funds��he iShares South Africa (EZA), the SPDR Mideast & Africa (GAF), and the TRP Africa & Mideast (LX:TRPMEAI).
- [By Jeff Reeves]
For starters, there�� the�iShares MSCI South Africa ETF�(EZA). The fund is down about 11% in the last year, but remember that emerging markets dramatically underperformed across the board in 2013. And if you believe in value investing, this may be a good opportunity to buy.
10 Best Trucking Stocks To Watch For 2014: Diamondback Energy Inc (FANG)
Diamondback Energy, Inc., incorporated on December 30, 2011, is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company is the operator of Janey 16H in Upton County with a 3,842 foot lateral in the Wolfcamp B interval. During the year ended December 31, 2012, the Janey 16H had produced a total of 48 thousand barrels of oil and 62 million cubic feet of natural gas. As of December 31, 2012, the Company had drilled 193 gross (176 net) wells, and participated in an additional 18 gross (eight net) non-operated wells, in the Permian Basin. Of these 211 gross wells, 191 were completed as producing wells and 20 were in various stages of completion. In the aggregate, as of December 31, 2012, it held interests in 225 gross (201 net) producing well in the Permian Basin.
The Company�� activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it refers to collectively as the Wolfberry play. The Wolfberry play is characterized by high oil and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves and high drilling success rates. The Wolfberry play is a modification and extension of the Spraberry play, the majority of which is designated in the Spraberry Trend area field. As of December 31, 2012, its estimated proved oil and natural gas reserves were 40,210 million barrels of oil equivalent based on a reserve report prepared by Ryder Scott Company L.P. (Ryder Scott), its independent reserve engineers. Of these reserves, approximately 29.5% are classified as proved developed producing, (PDP). Proved undeveloped (PUD), reserves included in this estimate are from 306 vertical gross well locations on 40-acre spacing and four gross horizontal well locations. As of December 31, 2012, these proved reserves wer! e approximately 65% oil, 21% natural gas liquids and 14% natural gas.
The Company had have 881 identified potential vertical drilling locations on 40-acre spacing based on its evaluation of applicable geologic and engineering data as of December 31, 2012, and had an additional 1,118 identified potential vertical drilling locations based on 20-acre downspacing. It also has identified 731 potential horizontal drilling locations in multiple horizons on its acreage. The Company�� second horizontal well, Kemmer 4209H in Midland County is a non-operated well in which the Company owns a 47% working interest. In 2012, the Kemmer 4209H produced a total of 41 thousand barrels of oil and 45 million cubic feet of natural gas. In addition to the Janey and Kemmer wells, as of February 28, 2013, the Company had three additional horizontal wells in Midland County and four horizontal wells in Upton County in various stages of development. In Midland County, it drilled the ST25-1H well (83% working interest) with a lateral length of 4,617 feet.
In Upton County, the Company drilled three additional wells, the Neal 8-1H (100% working interest) with a lateral length of 7,652 feet, the Neal 8-2H (100% working interest) with a lateral length of 6,658 feet and the Janey 3H (100% working interest) with a lateral length of 4,629 feet. It completed a 32 stage frac on the Neal 8-1H well in January 2013. As of February 26, 2013, flowback operations were underway and for the last seven days the well averaged 806 barrel of oil equivalent per day with a peak rate of 871 barrel of oil equivalent per day with an 85% oil component.
Advisors' Opinion:- [By Robert Rapier]
Meanwhile, last week�� two biggest losers were partnerships we have been skeptical of in the past.�Viper Energy Partners�(NASDAQ: VNOM) dropped 12% for the week. VNOM is a spinoff from rapidly-growing Permian Basin oil producer�Diamondback Energy�(NASDAQ: FANG), and its initial public offering on June 18 generated very strong demand.
- [By Jake L'Ecuyer]
Diamondback Energy (NASDAQ: FANG) shares were also up, gaining 4.65 percent to $68.68 after the company reported a 30% growth in Q1 production.
Equities Trading DOWN
Shares of The Gap (NYSE: GPS) were down 3.78 percent to $37.81 after the company reported a 6% decline in its same-store sales in March, versus analysts' expectations for a 4.7% fall. - [By Jake L'Ecuyer]
Diamondback Energy (NASDAQ: FANG) shares were also up, gaining 5.73 percent to $69.39 after the company reported a 30% growth in Q1 production.
Equities Trading DOWN
Shares of The Gap (NYSE: GPS) were down 2.53 percent to $38.29 after the company reported a 6% decline in its same-store sales in March, versus analysts' expectations for a 4.7% fall. - [By Jon C. Ogg]
Diamondback Energy Inc. (NASDAQ: FANG) was raised to Buy from Neutral with a $54 price target at Sterne Agee.
EMC Corp. (NYSE: EMC) was downgraded to Equal Weight from Overweight with a new $28 price target by Barclays.
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