How Walmart’s Stock Has Performed Year-to-Date
Walmart (WMT) stock is up 15.1% on a YTD (year-to-date) basis as of September 22, 2017.
Walmart (WMT) is testing a new delivery service where the company will deliver items directly to a customer’s fridge.
A key example of a company that has heavily relied on asset sales to reduce its debt is Chesapeake Energy (CHK).
Since the beginning of 2016, these producers have reduced debt by $1.4 billion, according to the EIA.
According to IHS Markit, capital investments in the Permian will continue to rise until 2021.
Increasing M&A activity has pushed producers to pay a premium to get their piece of the Permian pie.
According to PWC’s 1Q17 report, the upstream sector generated 32 deals, or 60%, of the total deals in 1Q17.
According to a report released by PricewaterhouseCoopers (or PWC), the region saw 20 deals in 1Q17 with a total value of ~$21.4 billion.
Because of the Permian’s lowest break-even costs and high IRRs (internal rates of return), producers scooped up prime acreage that could produce at a profit even as crude oil prices stayed low.
Upstream companies Occidental Petroleum (OXY), Carrizo Oil & Gas (CRZO), and Marathon Oil (MRO) all purchased Permian acreage for $600 million, $648 million, and $700 million, respectively.
Merger and acquisition (or M&A) activity in the oil and gas sector has been in high gear in 2017.
Corporate salespeople will be busy this week trying to put the finishing touches on 3Q17, but the market’s agenda is a bit lighter.
Is Bed Bath & Beyond (BBY) another Amazon (AMZN) victim? We’re seeing e-commerce cannibalization at least. The stock fell 15% and continued to drift lower.
Investors must feel that no matter how bad the breach was and how bad Equifax handled it, the core business will likely bounce back or not be impacted much.
This week, Fed Chair Janet Yellen and the FOMC rolled out the plan to start shrinking the Fed’s massive $4.5 trillion debt with a T balance sheet.
In the past few weeks, fertilizers have become less affordable. Last week was a continuation of the upward trend in the Fertilizer Affordability Index.
Last week, granular potash prices in Brazil rose as much as 3% week-over-week to $273 per metric ton from $265 per metric ton a week ago.
In the week ending September 22, MAP prices rose 2.6% week-over-week to $355 per metric ton from $346 per metric ton in the week ending September 15.
In the week ending September 22, DAP (diammonium phosphate) prices experienced an impressive increase week-over-week.
Last week, natural gas prices at Henry Hub rose week-over-week. Higher fertilizer prices might help offset some of the price increase in natural gas.