There seems to be a prevailing notion that nuclear is on a decline. The Wall Street Journal put out an article the other day on several nuclear power plants that are going to close. Fortunately for the price of uranium and Cameco (NYSE:CCJ), the markets already know this.
The Journal correctly pointed out that Entergy's (NYSE:ETR) Indian Point Plant, 35 miles of New York City, will soon close. This will make four plants that will close by the year 2025 in the U.S. The article also quotes a manager at Entergy who stated that natural gas from the Marcellus Formation drove down energy prices 45% to $36 per megawatt hour and that it cost Indian Point $160 million in revenues. The U.S. receives about 20% of its power from nuclear, 35% from natural gas, 30% from coal, 7% hydro, 6% wind, and 1% solar.
What the article does not state is that natural gas reached a 17-year low about a year ago and touched $1.64 per million British thermal units. A few weeks ago on December 28, gas reached $3.99 MbTU. Gas has since fallen to $3.15. As you can see, like all commodities, gas is cyclical.
Top 5 Energy Stocks To Own Right Now: ENI S.p.A.(E)
Advisors' Opinion:- [By Zacks]
Following the reform, Mexico drew multi-billion dollars' investment. It could lead up to an output of 3 MMBbl/d by the end of the planned period, as predicted by the supporters of the reform. The reform could also bring down electricity rates in the country. So far, Mexico has awarded around 90 contracts, both onshore and offshore. The country raised about $100 billion from the auctions by the end of January. With nine oil and gas blocks, Shell has emerged as the leading player in the auctions held so far. Other winners in the bidding processes include Eni S.p.A. (NYSE: E)of Italy, Inpex of Japan, France's TOTAL S.A. (NYSE: TOT), Chevron and more.
Top 5 Energy Stocks To Own Right Now: Suncor Energy Inc.(SU)
Advisors' Opinion:- [By ]
Suncor Energy Inc. (SU) - "We expect modestly below-consensus results driven by
downtime and the ramp costs at Fort Hills. We still see a robust second-half 2018 and 2019 free cash flow story and would recommend investors look through any near-term
noise." - [By Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
Clearly, investors should be at least looking at stocks in this industry, so we asked three of our investing contributors to each highlight a great company in the industry to help you get started. Here's why they picked Baker Hughes, a GE Company (NYSE:BHGE), Suncor Energy (NYSE:SU), and Total (NYSE:TOT).�
- [By Stephan Byrd]
JPMorgan Chase & Co. lessened its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 31.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,460,586 shares of the oil and gas producer’s stock after selling 670,136 shares during the quarter. JPMorgan Chase & Co.’s holdings in Suncor Energy were worth $50,448,000 at the end of the most recent reporting period.
Top 5 Energy Stocks To Own Right Now: Bonanza Creek Energy, Inc.(BCEI)
Advisors' Opinion:- [By Joseph Griffin]
Bonanza Creek Energy (NYSE:BCEI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shanthi Rexaline]
Crude oil prices continue to remain bullish, brightening the prospects of oil and related companies. Bonanza Creek Energy Inc (NYSE: BCEI), an oil and natural gas exploration and production company that emerged from Chapter 11 in April 2017, could also benefit from an improved cost structure, according to Imperial Capital.
Top 5 Energy Stocks To Own Right Now: Geopark Ltd(GPRK)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on GeoPark (GPRK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note published on Tuesday morning.
“We expect the Street to raise its estimates once again on the back of these strong results.”,” the firm’s analyst wrote.
Top 5 Energy Stocks To Own Right Now: Advantage Oil & Gas Ltd(AAV)
Advisors' Opinion:- [By Max Byerly]
Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) released its quarterly earnings data on Thursday. The oil and gas company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03), MarketWatch Earnings reports. The business had revenue of $58.07 million during the quarter, compared to analyst estimates of $62.09 million. Advantage Oil & Gas had a net margin of 39.22% and a return on equity of 2.98%.
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