Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
ConocoPhillips COP, a leading upstream energy firm in the world in terms of production and reserves, is well-positioned to capitalize on handsome crude prices. Currently, the firm carries a Zacks Rank #3 (Hold).
Factors Working in Favor of COP
West Texas Intermediate crude price, trading above $70 per barrel, is highly favorable for upstream activities.
COP secured a solid production outlook thanks to its decades of drilling inventories across its low-cost and diversified upstream asset base. The resource base represents the company’s strong footprint in prolific acres in the United States, comprising Eagle Ford shale, the Permian Basin and Bakken shale. COP boasted that its drilling and completion activities are becoming more efficient in all key U.S. basins.
Compared with composite stocks belonging to the industry, the leading upstream energy company has considerably lower exposure to debt capital. This reflects that COP is better positioned to rely on its strong balance sheet to withstand any adverse business scenario.
Risks to the COP’s Business
Being an upstream energy player, the company’s overall operations are exposed to oil and natural gas price volatility. Other exploration and production players that are also exposed to commodity price volatility are EOG Resources EOG, Diamondback Energy, Inc. FANG and Matador Resources Company MTDR.
In the United States, EOG Resources, with Zacks Rank of 3, is one of the foremost explorers and producers of oil and gas, with its crude reserves spanning across the United States and Trinidad.
Diamondback Energy, a leading pure-play Permian operator, reported ongoing enhancements in the average productivity per well in the Midland Basin. Thus, the Zacks #3 Ranked exploration and production company will likely continue witnessing increased production volumes. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Matador Resources recently entered into a $1.91-billion agreement to expand its footprint in the prolific Delaware Basin. With the deal expected to close in the late third-quarter 2024, the Zacks #3 Ranked company is projected to have more than 190,000 net acres in the Delaware Basin on a pro-forma basis.
Zacks Investment Research
Since the announcement of an acquisition agreement on Sept. 11, Viper Energy Inc.’s VNOM stock has experienced a slight decline of 0.6%. While concerns about a potential U.S. economic slowdown caused by the high-interest rate environment are weighing on the broader stock market, VNOM’s anticipated benefits from the acquisition have helped to support its stock price.
Overview of VNOM’s Acquisition Agreement
VNOM and its operating affiliate Viper Energy Partners LLC (OpCo) have recently signed a definitive purchase and sale agreement to acquire the subsidiaries of Tumbleweed Royalty IV LLC. These affiliates own mineral and royalty interests in the Permian, which are rights to earn income from the extraction of natural resources.
The transaction, likely to be consummated by the early fourth quarter, will comprise $461 million in cash and around 10.1 million OpCo units. Viper Energy, carrying a Zacks Rank #3 (Hold), stated that a combination of cash on hand, borrowings under its credit facility, and proceeds from one or more capital markets transactions will likely be utilized to finance the cash portion of the acquisition. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The acquisition also involves a possible additional payment of up to $41 million in the first quarter of 2026, contingent on the average West Texas Intermediate crude price in 2025.
Viper Energy also disclosed the completion of two earlier related acquisitions which would substantially increase its portfolio in the Permian Basin. On Sept. 3, OpCo acquired entities holding mineral and royalty interests from Tumbleweed-Q Royalty Partners LLC and MC Tumbleweed Royalty LLC for a total cash consideration of $189 million.
VNOM’s Combined Acquisition Highlights
VNOM, an affiliate of Diamondback Energy Inc FANG, estimated that the acquisitions added approximately 3,727 net royalty acres in the Permian Basin, comprising the Midland and Delaware Basins. Although the assets are largely undeveloped, they are expected to experience significant production growth. Current production from these assets is around 2,500 barrels of oil per day (Bbls/D), with VNOM projecting volumes to jump to 4,500 Bbls/D for 2025. On these properties, Diamondback is expected to complete between 120 and 140 gross drilling locations by 2026, according to Viper's projections.
According to Viper Energy, the acquisitions align with its ongoing strategy to consolidate high-quality mineral and royalty assets, aim to deliver financial accretion. Overall, the company’s long-term production outlook seems bright, with the acquisitions adding significant undeveloped inventory to its portfolio.
These transactions also boost Diamondback Energy’s production as a major operator in the Permian Basin, with Exxon Mobil Corporation XOM and ConocoPhillips COP as the other key players in the area.
In the low-cost Permian, ExxonMobil has a pipeline of profitable projects, while ConocoPhillips derives a significant production volume from the most prolific basin of the United States.
Zacks Investment Research
Chevron Corporation’s CVX CEO Mike Wirth openly criticized the Biden administration's recent decisions related to the natural gas sector, particularly the halt on new liquefied natural gas (“LNG”) export licenses. Speaking at the GasTech conference in Houston, Wirth argued that this pause will lead to higher energy costs, disrupt supplies for U.S. allies and inadvertently increase emissions by delaying the shift from coal to natural gas.
Risks to Economic Prosperity From LNG Export Policy
Wirth contended that the Biden administration's approach undermines economic prosperity, energy security and environmental protection. He emphasized that natural gas, which often replaces more polluting coal in power generation, significantly reduces emissions. Data from McKinsey supports his claim, showing that the emissions avoided by switching from coal to gas surpass the reductions achieved through wind and solar power in the past 15 years. This highlights the critical role played by natural gas in cleaner energy generation.
Wirth also mentioned that natural gas is crucial not just for environmental reasons but also for the advancement of technologies like artificial intelligence (AI). He explained that while AI development typically takes place in innovation hubs such as Silicon Valley, the energy needed to power these advancements must come from reliable sources.
In this context, he highlighted the importance of natural gas, particularly from regions like the Permian Basin, which is known for its rich gas reserves. He argued that the benefits of natural gas are so evident that political considerations should not hinder its progress.
Industry Leaders Echo CVX’s Concerns
Other industry leaders joined Wirth in voicing their concerns at the conference. ConocoPhillips COP CEO Ryan Lance, representing the Houston-based oil and gas exploration and production company, condemned the LNG export pause as "irrational" and called for the United States to assert its leadership in the global LNG market.
Similarly, Lorenzo Simonelli, CEO of Baker Hughes BKR, an oil and gas equipment and services company also headquartered in Houston, criticized the current policy for lacking cohesion and sustainability. He emphasized on the need for a more integrated and forward-thinking approach to energy development.
Uncertainty of Ongoing Policy and Legal Challenges
In July, a federal judge lifted the moratorium on LNG export applications following legal challenges from several states, but the Department of Energy is currently appealing this decision. The ongoing policy uncertainty continues to provoke debate within the industry.
Overall, the debate over natural gas policy highlights the urgency for a balanced approach that promotes economic growth while addressing environmental concerns. Industry leaders, including CVX, emphasize the need for stable and forward-thinking policies to drive innovation and ensure energy security. As the situation changes, finding a middle ground will be essential for advancing a sustainable and competitive energy future.
Zacks Rank and Key Picks
Currently, CVX, COP and BKR each have a Zacks Rank of #3 (Hold).
Investors interested in the energy sector might look at better-ranked stocks like Core Laboratories Inc. CLB, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Core Laboratories is valued at $821.45 million. The company currently pays a dividend of 4 cents per share, or 0.23%, on an annual basis. Netherlands-based CLB is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to oil and gas companies.
Zacks Investment Research
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.