Category

Oil

Keystone pipeline

Keystone Pipeline Vote Is Just a Bump in the Road to Approval

A narrow defeat of the Keystone XL pipeline in the Senate yesterday (Tuesday) is a setback for the project, but a minor one.

The tally was 59-41, just one vote shy of the 60 needed to pass. But the Republicans have vowed another Keystone pipeline vote next year when they have the numbers to pass the bill. Then it will be up to President Barack Obama, who many assume will veto the $8 billion project.

But President Obama may have other ideas...

Stocks to Buy

"Unloved" Pick of the Week: Halliburton Co. (NYSE: HAL)

Oil services company Halliburton Co. (NYSE: HAL) is an unloved stock that's actually a great value.

Based in Houston, Tex., Halliburton is the world's second-largest oil field services company and once had former Vice President Dick Cheney as its CEO.

But HAL stock got slammed in recent months by the plunge oil prices, and could go lowerStocks to Buy in the short term.

Here's why Halliburton stock will bounce back...

Renewable Energy

Why Lower Oil Prices Won't Kill the Renewable Energy Boom

Whenever oil prices drop, everyone always wonders how it will affect wind and solar power.

It follows from the traditional assumption that renewables like these are only competitive when oil and natural gas prices are high.

After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring massive government subsidies to both producers and end users to get off the ground.

Some states even introduced legal measures that required that utilities buy a certain percentage of their energy needs only from renewables.

All of this only added to the wider perception that renewables couldn't truly contend, especially if oil and natural gas prices fell.

But those days are now rapidly coming to an end...

Oil

How to Invest in Oil Stocks as Prices Dip

The price of oil has slipped consistently since June, dragging most oil stocks down with it.

In June, West Texas Intermediate (WTI) hit a three-year high of $103.66 per barrel. By Tuesday, it closed at its lowest price in more than three years, at $77.19.

Here's a look at the oil stocks that should be avoided when prices are low, and some that are presenting excellent buying opportunities now...

Keystone pipeline

Keystone Pipeline Approval Will Make These Stocks Winners

Republican control of the U.S. Senate has made approval of Keystone pipeline imminent.

The controversial $8 billion project, skillfully delayed for years by President Barack Obama, would transport oil sands crude from Canada to refineries on the U.S. Gulf Coast.

TransCanada Corp. (NYSE: TRP), the company building the Keystone XL pipeline, would be the greatest beneficiary of its approval, of course. But dozens of other companies also figure to gain from the project.

Now's the time to jump on these stocks...

Oil Prices

As Crude Oil Prices Fall, These Drillers Benefit – Here's Why

Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.

But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.

Let me explain...

Stock Market Today

Stock Market Futures Watching XOM and CVX Amid Falling Oil Prices

This morning (Tuesday), stock market futures suggest an open 26 points below Monday's close as oil prices continue to fall on a rising dollar and the announcement that Saudi Arabia will slash oil prices to the U.S.

Today is also midterm election day, meaning American voters will decide how Democrats or Republicans will share power in Congress over the next two years.

Here's what else you should know in stock market news today.

Stock Market Today

Dow Jones Today Dips Slightly, Waiting on Tomorrow's Midterms

Dow Jones Today: U.S. stock markets were mixed on Monday, although the Dow Jones and S&P 500 hit intraday records during today's session.

The market seems content to await the results of Tuesday's midterm elections and the upcoming October unemployment report on Friday.

Energy stocks took the biggest hit as oil prices slumped yet again. Here's what else you need to know...

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