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Sunoco to buy NuStar Energy in US$7.3-billion deal, including debt
Sunoco SUN-N said on Monday it would acquire fuels storage and pipeline operator NuStar Energy NS-N in a deal valued at about $7.3-billion including debt, as it tries to diversify its core business beyond […] This post is only…
Economic Calendar: Jan 22 – Jan 26
Monday January 22Bank of Japan monetary policy meeting and outlook report (continues Tuesday)10 am ET: U.S. leading indicatorEarnings include: United Airlines Holdings Inc.==Tuesday January 23Euro area consumer confidence830 am ET: Canada […] This post is only…
Nat-Gas Prices Plummet on Forecasts for Above-Average U.S. Temps
February Nymex natural gas (NGG24) on Friday closed -0.178 (-6.60%).Nat-gas prices on Friday fell sharply for a second day to a 3-week low, as weather forecasts shift warmer for the […] This post is only…
Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies
February WTI crude oil (CLG24) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24) closed down -2.07 (-0.95%).Crude oil and gasoline prices on Friday settled moderately lower. Expectations […] This post is only…
Tourmaline is being hit by weak natural gas prices. Should investors look at its generous dividend and bet on a rebound?
Tourmaline Oil Corp. TOU-T has been hit hard since the start of November, as natural gas prices tumbled at the prospect of an unusually warm winter. But if gas prices are now […] This post is only…
Gold Futures Settle Higher After Back-to-back Losses
Published: 1/18/2024 2:06 PM ET | Gold futures settled higher on Thursday as the dollar stayed a bit subdued and Treasury yields dipped after climbing up on Wednesday on rate outlook jitters.The dollar […] This post is only…
Oil Settles Sharply Higher On Drop In Crude Stocks, Bullish Demand Forecast
Published: 1/18/2024 3:11 PM ET | Oil prices climbed higher on Thursday, lifted by data showing a drop in U.S. crude inventories in the week ended January 12th, and on higher forecasts for […] This post is only…
U.S. weekly unemployment claims fall to 16-month low; homebuilding takes breather
The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 1-1/2 years, suggesting job growth likely remained solid in January.The unexpected […] This post is only…
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy the largest U.S. franchisee of Burger King. The acquisition comes more than a year after Restaurant Brands unveiled its turnaround […] This post is only…