Chevron Sell-Off Continues With $1.1B Exit Of Canada Fuel Assets
by Adam Putz, PitchBook Parkland Fuel (TSX: PKI)(PKIUF) has agreed to acquire Chevron Canada R&M, which operates the Canadian integrated downstream fuel business of oil & gas giant Chevron (NYSE: CVX). The C$1.46 billion (~$1.1 billion) deal comprises: 129 Chevron service stations principally in Vancouver, bringing Parkland’s total of Chevron-branded sites in British Columbia to […]
Look! More Crazy ETF Charts
It’s not entirely clear when the “enough is enough” moment will come in terms of highlighting charts that illustrate the epochal (and increasingly dangerous) shift to passive versus active management, but I don’t think we’re there yet. It may just be me, but it certainly seems as though ETFs are getting a lot more attention […]
TIPS Auction ‘Validates’ Broken US Debt Scam
Graham’s Musings: What is more remarkable; the fact that anyone would still fall for the idea of inflation protected securities or that alleged ‘professionals’ and ‘experts’ in the financial community would continue to push the notion that the US Government can continue to rack up debt continuously without consequence? I have never in my entire […]
Schlumberger Technical Notes Ahead Of Earnings, Potential Bearish Pattern
SLB: On a weekly chart there is a potential bearish head and shoulders pattern that will become active if price breaks below $76 on negative news. Downside potential for the pattern is to the $66-$65 area over time. If the news is instead a positive surprise, the pattern could fail. Patterns are most at risk […]
Mattel, Inc. Q1 Earnings Miss Badly As Obsolete Inventory Weighs
Mattel, Inc. (MAT) late Thursday posted much worse than expected first quarter earnings results, as its unsold inventory continued to hamper results.
Technical Analysis Vs. Statistical Analysis = Same Result
Video length: 00:11:44 Stocks take off higher moving about 1% up across the board. In tonight’s video let’s look at the market through two lenses because either lens you want to use you get the same result. Watch tonight’s video to find out what the most likely outcome will be for tomorrow’s trading day and […]
E An Update On VBI Vaccines Inc: What’s Happened And What It Means
In February, I put together this piece on Massachusetts based biotechnology company VBI Vaccines Inc. (VBIV). At the time, the company had just reported a 6.72% stake held by world renowned healthcare and technology fund, Clarus Ventures, by way of its Clarus Lifesciences arm. As noted at that point, VBI enjoys a strong base of […]
Shorts Smoked – Stocks End ‘High’ As Dollar Dumps’N’Pumps
Despite tumbling soft data and disappointing earnings data… Stocks soared most in 6 weeks… Video length: 00:02:44 Another day, another one-way trip in stocks. VIX clubbed to a 13 handle again stocks soar… Trannies and Small Caps once again led the day (short squeeze) and S&P lagged but everything was awesomely green again… Another […]
