US Army Corps to Begin Environmental Study of DAPL
Stocks of the Energy Transfer group companies fell following the announcement of the environmental study of DAPL.
Among the 47 analyst recommendations on Salesforce’s stock, only one made a “sell” recommendation.
As of January 17, 2017, Microsoft was the largest player by market capitalization in the global software space, followed by Oracle.
Overall, gold rose 8.5% in 2016 to close the year at $1,150 per ounce. Gold prices had slipped in the last two months of 2016 following Donald Trump’s presidential win.
The EIA estimates that global crude oil supply outages fell by 72,000 bpd (barrels per day) to 2.2 MMbpd (million barrels per day) in December 2016.
The EIA estimated that US gasoline demand rose by 5,000 bpd (barrels per day) to 8,470,000 bpd between December 30, 2016, and January 6, 2017.
The API released its weekly inventory report on January 18, 2017. It estimates that US gasoline inventories rose by 9.8 MMbbls from January 6–13, 2017.
On January 18, 2017, the API released its weekly crude oil inventory report. US crude oil inventories fell by ~5 MMbbls from January 6–13, 2017.
March WTI crude oil (ERX) (IEZ) (USL) (USO) (ERY) (RYE) futures contracts fell 2.6% and settled at $51.89 per barrel on January 18, 2017.
Gold and silver are weaker in the early hours. After rising to two-month high price levels, gold prices pulled back after Janet Yellen’s comments.
Sprint’s (S) network continues to improve and has actually been performing at best-ever levels, despite reductions in its capex.
Wall Street expects to see ARPU trends improve as 50% off promotions roll off and Sprint migrates subscribers onto its accretive Unlimited Freedom plan.
Sprint (S) expects its postpaid phone churn to rise mainly due to the release of Apple’s (AAPL) iPhone 7 in September 2016.
In fiscal 2Q16, Sprint’s strong momentum showed no signs of slowing down.
Sprint (S) expects to have had ~2 million fewer prepaid customers at the end of fiscal 3Q16.
ExxonMobil’s cash balance in the first nine months of 2016 stood at $5 billion, showing a rise of 19% over the first nine months of 2015.
In this article, we’ll examine XOM’s leverage position. Its net debt-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) stood at 1.8x in 3Q16.
Now, let’s look at ExxonMobil’s trading volumes as a percentage of its refined products sales. XOM’s trading volumes made up ~21.8% of its sales volumes in 3Q16.
In 3Q16, XOM’s chemical products sales rose 3% YoY (year-over-year) in international markets, but they fell 2% YoY in the domestic market.
In this article, we’ll examine the geographical spread of ExxonMobil’s (XOM) refined products sales. The United States is the largest market for XOM.