Each year on eBay, Buffett auctions off an invitation to lunch. The proceeds go to GLIDE, a charity that runs a number of anti-poverty programs in San Francisco.
This year's winning bid, from a man from Singapore named Andy Chua, was more than double last year's of just over $1 million. The highest ever was in 2012, at $3.5 million.
Since the auction began 15 years ago, it has raised nearly $16 million for the organization.
Past winners include hedge fund manager David Einhorn, though most bidders remain anonymous. GLIDE did not provide more details about Chua.
Top Penny Companies To Watch For 2015: Zillow Inc (Z)
Zillow, Inc. (Zillow), incorporated on December 13, 2004, is a real estate and home-related information marketplaces. Zillow provides products and services to help consumers through every stage of homeownership buying, selling, renting, borrowing and remodeling. The Company make home-related decisions, and enabling homeowners, buyers, sellers and renters to find and connect with local professionals. Individuals and businesses that use Zillow have updated information on more than 37 million homes and have added nearly 100 million home photos. These profiles include detailed information about homes such as property facts, listing information, and purchase and sale data. In June 2012, the Company acquired RentJuice Corporation. In October 2012, the Company acquired Buyfolio, an online and mobile collaborative shopping platform. In December 2012, the Company acquired San Francisco-based HotPads, a map-based rental and real estate search site.
Zillow generates revenues from local real estate professionals, primarily on an individual subscription basis, and from mortgage professionals and brand advertisers. The Company�� revenues include marketplace revenues, consisting of subscriptions sold to real estate agents and advertising sold on a cost per click (CPC) basis to mortgage lenders, and display revenues consisting of advertising placements sold primarily on a cost per thousand impressions (CPM) basis. The Company provides current home value estimates, or Zestimates, and current rental price estimates, or Rent Zestimates, on approximately 100 million United States homes.
Marketplace Revenues
Marketplace revenues consist of subscriptions sold to real estate agents under its Premier Agent program and CPC advertising related to the Company�� Zillow Mortgage Marketplace sold to mortgage lenders. The Company�� premier agent program offers a suite of marketing and business technology solutions to help real estate agents grow their businesses and personal brands. The! premier agent program allows agents to select products and services that they can tailor to meet their business and advertising needs. In Zillow Mortgage Marketplace, participating qualified mortgage lenders make a prepayment to gain access to consumers interested in connecting with mortgage professionals. Consumers who request rates for mortgage loans in Zillow Mortgage Marketplace are presented with personalized lender quotes from participating lenders. The Company charges mortgage lenders a fee when users click on their links for more information regarding a mortgage loan quote. Mortgage lenders who exhaust their initial prepayment can then prepay additional funds to continue to participate in the marketplace.
Display Revenues
Display revenues primarily consist of graphical Web and mobile advertising sold on a CPM basis to advertisers primarily in the real estate industry, including real estate brokerages, home builders, mortgage lenders and home services providers. The Company�� advertising customers also include telecommunications, automotive, insurance and consumer products companies.
Advisors' Opinion:- [By Chris Hill]
WebMD (NASDAQ: WBMD ) climbs on raised guidance and news of the CEO's departure. Zillow (NASDAQ: Z ) slips despite better-than-expected earnings. Yelp (NYSE: YELP ) gives back some of its recent gains. And Delta Airlines (NYSE: DAL ) flies higher after announcing a dividend and stock buyback. In this installment of Investor Beat, Jason and Matt talk about four stocks making moves.
- [By John Maxfield]
If home prices are going up so fast, why aren't more people listing their homes for sale? According to Svenja Gudell, senior economist at Zillow (NASDAQ: Z ) , the problem has to do with negative equity.
Hot Heal Care Stocks For 2014: Nuveen Select Maturities Municipal Fund (NIM)
Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P Intermediate Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen Select Maturities Municipal Fund was formed on September 18, 1992 and is domiciled in the United States.
Advisors' Opinion:- [By Ning Jia]
Net interest margin (NIM): The NIM is calculated by dividing net interest income by average earning
assets. The NIM can vary with the particular business mix and risk taken.
Hot Heal Care Stocks For 2014: Hilltop Holdings Inc. (HTH)
Hilltop Holdings Inc., through its subsidiary, NLASCO, Inc., operates as a property and casualty insurance company in the United States. The company�s personal product line includes homeowners, dwelling fire, manufactured home, flood, and vacant insurance policies; and commercial product line consists of commercial, builders risk, builders risk renovation, sports liability, and inland marine insurance policies. It distributes its insurance products through a network of independent agents and managing general agents. The company was formerly known as Affordable Residential Communities Inc. and changed its name to Hilltop Holdings Inc. in July 2007. Hilltop Holdings Inc. was founded in 1948 and is headquartered in Dallas, Texas.
Advisors' Opinion:- [By Lauren Pollock]
Hilltop Holdings Inc.(HTH) offered to buy the rest of SWS Group Inc.(SWS) that it doesn’t already own, valuing the financial-services company at about $231 million. Hilltop, a regional banking and insurance company, offered $7 a share, a 16% premium over Thursday’s close. SWS surged 19% to $7.20 premarket,�topping the offer price.
- [By Roberto Pedone]
Hilltop (HTH) operates as a holding company for PlainsCapital Bank that provides business and consumer banking services in Texas. This stock closed up 8.7% at $17.96 in Monday's trading session.
Monday's Volume: 2.29 million
Three-Month Average Volume: 414,214
Volume % Change: 436%From a technical perspective, HTH gapped up sharply higher here back above its 50-day moving average of $16.52 with strong upside volume. This move pushed shares of HTH into breakout and new 52-week-high territory, since the stock closed above some previous resistance at $17.63.
Traders should now look for long-biased trades in HTH as long as it's trending above Monday's low of $17.07 and then once it sustains a move or close above its new 52-week high at $18.23 with volume that this near or above 414,214 shares. If we get that move soon, then HTH will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $23.
- [By Jake L'Ecuyer]
Meanwhile, top decliners in the sector included United Fire Group (NASDAQ: UFCS), down 4.9 percent, and Hilltop Holdings (NYSE: HTH), off 3.7 percent.
- [By Jake L'Ecuyer]
Meanwhile, top decliners in the sector included Tree.Com (NASDAQ: TREE), down 4.7 percent, and Hilltop Holdings (NYSE: HTH), off 6.7 percent.
Top Headline
Office Depot (NYSE: ODP) reported upbeat first-quarter results and announced its plans to close at least 400 stores in the United States. For the full year, Office Depot also lifted its adjusted operating income outlook to at least $160 million versus $140 million. Office Depot posted a quarterly net loss of $109 million, or $0.21 per share, versus a year-ago loss of $17 million, or $0.06 per share.
Hot Heal Care Stocks For 2014: Britton & Koontz Capital Corporation(BKBK)
Britton & Koontz Capital Corporation operates as the holding company for Britton & Koontz Bank, National Association that provides commercial and consumer banking services in Adams and Warren Counties, Mississippi, and East Baton Rouge Parish, Louisiana, as well as in the adjoining counties and parishes in Mississippi and Louisiana. The company offers various deposit products, including personal and commercial checking accounts, money market deposit accounts, savings accounts, non-interest bearing deposits, negotiable order of withdrawal accounts, and certificates of deposit. Its loan portfolio comprises commercial, financial, and agricultural loans; real estate construction, residential, and other loans; installment loans; consumer loans; and overdrafts. In addition, the company provides automated clearinghouse services; safe deposit box facilities; brokerage services; automated teller machines; cash management services, including remote deposit, money transfer, direct de posit payroll, and sweep accounts; VISA credit cards; and letters of credit. As of May 17, 2011, it operated three full service offices in Natchez, two in Vicksburg, Mississippi; three in Baton Rouge, Louisiana; and a loan production office in Central, Louisiana. The company was founded in 1866 and is headquartered in Natchez, Mississippi.
Advisors' Opinion:- [By Tim Melvin]
HBCP recently announced a deal to buy Britton & Koontz Capital Corporation (BKBK) in a deal that will add eight branches and more than $300 million of assets to the bank. It also gains access to the Mississippi marketplace and increases Home Bancorp’s deposit base in Baton Rouge.
Hot Heal Care Stocks For 2014: Kirby Corp (KEX)
Kirby Corporation, incorporated on January 31, 1969, is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii. The Company transports petrochemicals, black oil products, refined petroleum products and agricultural chemicals by tank barge. The Company, through its subsidiaries, conducts operations in two business segments: marine transportation and diesel engine services. Through the diesel engine services segment, the Company provides after-market service for diesel engines and reduction gears used in marine and power generation applications. The Company also distributes and services diesel engines and transmissions, pumps and compression products, and manufactures oilfield service equipment, including hydraulic fracturing equipment, for land-based pressure pumping and oilfield service markets. The Company, through its marine transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii. On December 15, 2011, the Company completed the purchase of the coastal tank barge fleet of Seaboats, Inc. and affiliated companies (Seaboats). On July 1, 2011, the Company completed the acquisition of K-Sea Transportation Partners L.P. (K-Sea). On April 15, 2011, the Company purchased United Holdings LLC (United), a distributor and service provider of engine and transmission related products for the oil and gas services, power generation and on-highway transportation industries, and manufacturer of oilfield service equipment. On February 24, 2011, the Company acquired 21 inland and offshore tank barges and 15 inland towboats and offshore tugboats from Enterprise Marine Services LLC (Enterprise). On February 9, 2011, the Company acquired from ! Kinder Morgan Petcoke, L.P. (Kinder Morgan).
The Company transports petrochemicals, black oil products, refined petroleum products, and agricultural chemicals by tank barge. The Company also owns and operates fits offshore dry-bulk barges and tugboats engaged in the coastal transportation of dry-bulk cargoes. It is a provider of transportation services for its customers. The Company, through its diesel engine services segment, sells replacement parts, provides service mechanics to overhaul and repair diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or diesel engines, transmissions and reduction gears, and manufactures oilfield service equipment, including hydraulic fracturing equipment. The Company services the marine, power generation, oilfield service, and land-based oil and gas operator and producer markets.
Marine Transportation
The marine transportation segment is a provider of transportation services by tank barge for the inland and coastal markets. As of February 22, 2012, the equipment owned or operated by the marine transportation segment consisted of 819 inland tank barges, 236 inland towboats, 59 coastal tank barges, 65 coastal tugboats, fits offshore dry-cargo barges, fits offshore tugboats and one docking tugboat. The 236 inland towboats, 65 coastal tugboats, fits offshore tugboats and one docking tugboat provide the power source and the 819 inland tank barges, 59 coastal tank barges and fits offshore dry-cargo barges provide the freight capacity for the marine transportation segment. The Company�� coastal and offshore tows consist of one tugboat and one tank barge or dry-cargo barge.
During the year ended December 31, 2011, the Company�� inland marine transportation operation moved over 50 million tons of liquid cargo on the United States inland waterway system. Products transported for its customers along the inland waterway system consisted of petrochemi! cals, bla! ck oil products, refined petroleum products and agricultural chemicals. Bulk liquid petrochemicals transported include, such products as benzene, styrene, methanol, acrylonitrile, xylene and caustic soda, all consumed in the production of paper, fibers and plastics. During 2011, the transportation of petrochemical products represented 59% of the segment�� revenues. Customers shipping these products are refining and petrochemical companies. Black oil products transported include products, such as asphalt, residual fuel oil, No. 6 fuel oil, coker feedstock, vacuum gas oil, carbon black feedstock, crude oil and ship bunkers (engine fuel). During 2011, such products represented 20% of the segment�� revenues. During 2011, refined petroleum products transported include the various blends of finished gasoline, gasoline blendstocks, jet fuel, No. 2 oil, naphtha, heating oil and diesel fuel, and represented 16% of the segment�� revenues. The Company also classifies ethanol in the refined petroleum product category. Customers are oil and refining companies, marketers and ethanol producers.
During 2011, agricultural chemicals transported represented 5% of the segment�� revenues. They include anhydrous ammonia and nitrogen-based liquid fertilizer, as well as industrial ammonia. Agricultural chemical customers consist of domestic and foreign producers of such products. As of December 31, 2011, the marine transportation segment operated a fleet of 819 inland tank barges and 236 inland towboats, as well as 59 coastal tank barges and 65 coastal tugboats. The segment also owns and operates fits offshore barge and tug units transporting dry-bulk commodities in coastal trade. As of December 31, 2011, the marine transportation segment operated a fleet of 819 inland tank barges and 236 inland towboats, as well as 59 coastal tank barges and 65 coastal tugboats. The segment also owns and operates fits offshore barge and tug units transporting dry-bulk commodities in coastal trade.
The Canal ! fleet tra! nsports petrochemical feedstocks, processed chemicals, pressurized products, black oil products and refined petroleum products along the Gulf Intracoastal Waterway, the Mississippi River below Baton Rouge, Louisiana, and the Houston Ship Channel. The Linehaul fleet transports petrochemical feedstocks, chemicals, agricultural chemicals and lube oils along the Gulf Intracoastal Waterway, Mississippi River and the Illinois and Ohio Rivers. Loaded tank barges are staged in the Baton Rouge area from Gulf Coast refineries and petrochemical plants, and are transported from Baton Rouge to waterfront terminals and plants on the Mississippi, Illinois and Ohio Rivers, and along the Gulf Intracoastal Waterway. The River fleet transports petrochemical feedstocks, chemicals, refined petroleum products, agricultural chemicals and black oil products along the Mississippi River System above Baton Rouge. Petrochemical feedstocks and processed chemicals are transported to waterfront petrochemical and chemical plants, while black oil products, refined petroleum products and agricultural chemicals are transported to waterfront terminals.
The marine transportation inland operation moves and handles a range of cargoes. As of December 21, 2011, of the 819 inland tank barges operated, 618 were petrochemical and refined products barges, 123 were black oil barges, 63 were pressure barges, 10 were refrigerated anhydrous ammonia barges and five were specialty barges. Marine transportation services for inland movements are conducted under long-term contracts, ranging from one to five years. Kirby Inland Marine, LP (Kirby Inland Marine) operates commercial tank barge fleeting service (temporary barge storage facilities) in ports, including Houston, Corpus Christi and Freeport, Texas, Baton Rouge and New Orleans, Louisiana and other locations on the Mississippi River. Included in the fleeting service is a 51% interest and management control of a shifting operation and fleeting service for dry cargo barges and tank barges ! on the Ho! uston Ship Channel. Kirby Inland Marine provides service for its own barges, as well as outside customers, transferring barges within the areas noted, as well as fleeting barges.
Kirby Logistics Management (KLM) is a division of Kirby Inland Marine providing shore-based tankerman and support services to the Company and third parties. Services provided by KLM include barge tankermen, marine terminal, refinery and chemical plant dock operators, and terminal management services. KLM�� services to the Company and third parties cover the Gulf Coast, mid-Mississippi Valley, and the Ohio River Valley. The Company owns a 66% interest in Osprey Line, L.L.C. (Osprey), which transports project cargoes and cargo containers by barge on the United States inland waterway system. The segment�� coastal operations are conducted through wholly owned subsidiaries, K-Sea Transportation Partners LLC and Kirby Ocean Transport Company (Kirby Ocean Transport). K-Sea provides marine transportation of refined petroleum products and black oil products in each coastal region of the United States. The coastal operations consist of the Atlantic, New York, Pacific and Hawaii Divisions. The Atlantic Division operates along the eastern seaboard of the United States and along the Gulf Coast. The Atlantic Division vessels call on coastal states from Maine to Texas, servicing refineries, storage terminals and power plants. The Atlantic Division also operates equipment on the Great Lakes, in the Caribbean, and in Venezuela and the Eastern Canadian provinces.
The New York Division operates in the New York Harbor, close to container terminals, cruise piers, refineries and petroleum storage facilities. The New York Division also performs coastal voyages between Maine and Norfork, Virginia and manages operations in Philadelphia. The New York Division�� fleet consists of tank barges in the 10,000 to 89,000 barrel capacity range and tugboats in the 1800 to 3400 horsepower range, transporting refined petroleum produ! cts for l! ocal and regional customers, black oil products to power generation customers and the delivery of bunker fuel to ships. The Pacific Division operates along the Pacific coast of the United States, servicing refineries and storage terminals from Southern California to Washington State, throughout Alaska, including Dutch Harbor, Cook Inlet and the Alaska River Systems, and from California to Hawaii. The Pacific Division�� fleet consists of tank barges in the 13,000 to 185,000 barrel capacity range and tugboats in the 1000 to 11800 horsepower range, transporting refined petroleum products.
The Hawaii Division services local petroleum retailers and oil companies distributing refined petroleum products and black oil products between the Hawaiian islands and provides other services to the local maritime community. As of December 31, 2011, the Hawaii Division�� fleet consisted of tank barges in the 52,000 to 86,000 barrel capacity range and tugboats in the 1200 to 7200 horsepower range, transporting refined petroleum products for local and regional customers, black oil products to power generation customers, and the delivery of bunker fuel to ships. The Hawaii Division also provides service docking, standby tug assistance and line handling to vessels using the Single Point Mooring installation at Barbers Point, Oahu, a facility for tankers to load and discharge their cargos through an offshore buoy and submerged pipeline without entering the port. As of December 31, 2011, the coastal fleet consisted of 59 tank barges, 56 of which were double hull and three of which were single hull, with 3.8 million barrels of capacity, transporting refined petroleum products and black oil products. As of December 31, 2011, the Company operated 65 Company-owned coastal tugboats ranging from 1000 to 11800 horsepower. Tugboats in the 1800 to 3400 horsepower classes provide power for barges used in the New York Division. Tugboats in the 1000 to 11800 horsepower classes provide power for barges used in the Atlantic! , Pacific! and Hawaii Divisions. Kirby Ocean Transport owns and operates a fleet of fits offshore dry-bulk barges, fits offshore tugboats and one docking tugboat. Kirby Ocean Transport also has a contract with Holcim (US) Inc. (Holcim) to transport Holcim�� limestone requirements from a facility adjacent to the PEF facility at Crystal River to Holcim�� plant in Theodore, Alabama. Kirby Ocean Transport is also engaged in the transportation of coal, fertilizer and other bulk cargoes on a short-term basis between domestic ports and occasionally the transportation of grain from domestic ports to ports primarily in the Caribbean Basin.
Diesel Engines
The Company, through wholly owned subsidiary Kirby Engines Systems, Inc. (Kirby Engine Systems), is engaged in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears, and related parts sales used in marine and power generation applications, and distributes and services high-speed diesel engines and transmissions, pumps and compression products, and manufactures oilfield service equipment, including hydraulic fracturing equipment, used in land-based pressure pumping, oilfield service, power generation and transportation applications.
For the marine market, the Company sells Original Equipment Manufacturers (OEM) replacement parts, provides service mechanics to overhaul and repair engines and reduction gears, and maintains facilities to rebuild component parts or entire engines and reduction gears. For the power generation market, the Company provides service and parts capabilities and safety-related products to power generation operators and to the nuclear industry, and manufactures engine generator and pump sets for the power generation operators and municipalities. The Company expanded its diesel engine services operation with the purchase of United, a manufacturer, diesel engine and transmission distributor and service provider for the land-based oil and gas services market, oil and gas operat! ors and p! roducers, compression companies, power generation companies, on-highway transportation companies and agricultural markets. United�� principal businesses are the distribution and service of diesel engines, pumps and transmissions, the manufacture and remanufacture of oilfield service equipment, including hydraulic fracturing equipment, and the manufacture of compression equipment for natural gas transmission and for natural gas fired power generation plants.
The Company is engaged in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears, line boring, block welding services and related parts sales for customers in the marine industry. The Company services medium-speed and high-speed diesel engines utilized in the inland and offshore barge industries. It also services marine equipment and offshore drilling equipment used in the offshore petroleum exploration and oil service industry, marine equipment used in the offshore commercial fishing industry and vessels owned by the United States government. The Company has marine operations throughout the United States providing in-house and in-field repair capabilities and related parts sales. The medium-speed operations are located in Houma, Louisiana, Chesapeake, Virginia, Paducah, Kentucky, Seattle, Washington and Tampa, Florida. The operations based in Chesapeake, Virginia and Tampa, Florida are authorized distributors for 17 eastern states and the Caribbean for Electro-Motive Diesel, Inc. (EMD). The marine operations based in Houma, Louisiana, Paducah, Kentucky and Seattle, Washington are nonexclusive authorized service centers for EMD providing service and related parts sales. The Houma, Louisiana operation concentrates on the inland and offshore barge and oil services industries. The Tampa, Florida operation concentrates on Gulf of Mexico offshore dry-bulk, tank barge and harbor docking operators. The Paducah, Kentucky operation concentrates on the inland river towboat and barge operators and the Great Lake! s carrier! s. The Seattle, Washington operation concentrates on the offshore commercial fishing industry, tugboat and barge industry, the United States Coast Guard (USCG) and Navy, and other customers in Alaska, Hawaii and the Pacific Rim. The high-speed operations are located in Houma, Baton Rouge, Belle Chasse and New Iberia, Louisiana, Paducah, Kentucky, Mobile, Alabama and Houston, Texas. The Company serves as a factory-authorized marine dealer for Caterpillar diesel engines in Alabama, Kentucky and Louisiana. The Company also operates factory-authorized full service marine dealerships for Cummins, Detroit Diesel and John Deere diesel engines, as well as Allison transmissions and Twin Disk marine gears.
During 2011, the Company was engaged in the overhaul and repair of diesel engines and reduction gears, line boring, block welding service and related parts sales for power generation customers, which represented 9% of the segment�� revenues. The Company is also engaged in the sale and distribution of parts for diesel engines and governors to the nuclear industry. The Company services users of diesel engines, which provides standby, peak and base load power generation, as well as users of industrial reduction gears, such as the cement, paper and mining industries. The Company provides in-house and in-field repair capabilities and safety-related products to power generation operators from its Rocky Mount, North Carolina, Paducah, Kentucky and Seattle, Washington locations. The Rocky Mount operation is also the distributor of EMD products to the nuclear industry, the global distributor for Woodward Governor products to the nuclear industry, the global distributor of Cooper Energy Services, Inc. products to the nuclear industry, and owns the assets and technology necessary to support the Nordberg medium-speed diesel engines used in nuclear applications. In addition, the Rocky Mount operation is a distributor for Honeywell International Incorporated industrial measurement and control products to the ! nuclear i! ndustry, an distributor for Norlake Manufacturing Company transformer products to the nuclear industry and a non-exclusive distributor of analog Weschler Instruments metering products and distributor of digital Weschler metering products to the nuclear industry. The Paducah, Kentucky operation provides in-house and in-field repair services for Falk industrial reduction gears in the Midwest. The Seattle, Washington operation provides in-house and in-field repair services for Alco engines located on the West Coast and the Pacific Rim.
The Company�� power generation customers are domestic utilities and the global nuclear power industry. The Company is engaged in the distribution and service of diesel engines, pumps and transmissions, the manufacture and remanufacture of oilfield service equipment and the manufacture of compression equipment for natural gas transmission and for natural gas fired power generation plants. The Company offers a range of custom fabricated oilfield service equipment, fully tested and field ready. The Company manufactures products or components that are purchased by a company and marketed under the purchasing company�� brand name. The Company distributes, sells parts and services diesel engines and transmissions for on and off-highway use, and provide in-house and in-field service capabilities. The Company is also the exclusive distributor for Daimler for engines and related equipment in Oklahoma, Arkansas and Louisiana. The Company manufactures and re-manufacturers oilfield service equipment, including hydraulic fracturing equipment, pressure pumping units, nitrogen pumping units, cementers, hydration equipment, mud pumps and blenders. The Company also manufactures and packages custom compressor systems, including electric motor driven systems, natural gas driven systems and industrial air systems, and manufactures natural gas General Motors and Isuzu diesel-powered engines for a range of applications from 40 to 500 horsepower. The Company is a dealer of Thermo K! ing refri! gerated systems for trucks, railroad cars and other land transportation markets in south and central Texas. The Company�� land-based customers include oilfield service providers, oil and gas operators and producers, compression companies, domestic utilities, on-highway transportation companies and companies associated with the agricultural markets.
Advisors' Opinion:- [By Aimee Duffy]
The role of the barge can't be underestimated. Barge receipts increased more than two percentage points year over year, and this is a great place for investors to look for opportunity. Companies with maritime resources benefit from this trend, as well as growth in exports. Three such companies that are worth a look are:
Kirby Corporation (NYSE: KEX ) , which operates 30% of the coastal tank barges in the U.S.� Oiltanking Partners (NYSE: OILT ) , which has storage capacity of 12.1 million barrels and six deepwater docks on the Houston Ship Channel Martin Midstream Partners (NASDAQ: MMLP ) , which operates a large fleet of inland barges and controls 31 marine terminals�These companies won't be the only winners, but they are a good place to start your research.
Hot Heal Care Stocks For 2014: EV Energy Partners LP (EVEP)
EV Energy Partners, L.P. (the Partnership) is engaged in the acquisition, development and production of oil and natural gas properties. As of December 31, 2011, the Company's properties were located in the Barnett Shale, the Appalachian Basin (which includes the Utica Shale), the Mid Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana, the San Juan Basin, the Monroe Field in Northern Louisiana, the Permian Basin, Central and East Texas (which includes the Austin Chalk area), and Michigan. On November 1, 2011, the Company acquired oil and natural gas properties in the Mid Continent area. On December 1, 2011, the Company along with certain institutional partnerships managed by EnerVest, acquired oil and natural gas properties in the Barnett Shale. It acquired a 31.02% proportional interest in these properties. On December 20, 2011, the Company, along with certain institutional partnerships managed by EnerVest, acquired additional oil and natural gas properties in the Barnett Shale. It acquired a 31.63% proportional interest in these properties. On February 7, 2012, the Company along with certain institutional partnerships managed by EnerVest, had a second closing on the oil and natural gas properties, and acquired a 31.63% proportional interest in these properties.
Barnett Shale
The Barnett Shale properties are located in Denton, Parker, Tarrant and Wise counties in Northern Texas. Its portion of the estimated net proved reserves as of December 31, 2011, was 647.4 one billion cubic feet equivalent (Bcfe), 72% of which is natural gas. During 2011, the Company drilled 35 wells. EnerVest operates wells representing 100% of its estimated net proved reserves in this area, and the Company owns an average 29% working interest in 976 gross productive wells.
Appalachian Basin
The Company�� activities are concentrated in the Ohio and West Virginia areas of the Appalachian Basin. Its Ohio area properties are producing from the Knox and Clinton f! ormations and other Devonian age sands in 41 counties in Eastern Ohio and 11 counties in Western Pennsylvania. Its West Virginia area properties are producing from the Balltown, Benson and Big Injun formations in 23 counties in North Central West Virginia. Its estimated net proved reserves as of December 31, 2011, were 126.4 Bcfe, 76% of which is natural gas. During 2011, it drilled 33 grosswells, 26 of which were completed. EnerVest operates wells representing 92% of its estimated net proved reserves in this area, and it owns an average 41% working interest in 8,670 gross productive wells.
Mid-Continent Area
The properties are located in 47 counties in Oklahoma, 17 counties in Texas, four parishes in North Louisiana, one county in Kansas and six counties in Arkansas. The Company�� estimated net proved reserves as of December 31, 2011, were 81.2 Bcfe, 63% of which is natural gas. During 2011, it drilled 82 wells, all of which were completed. EnerVest operates wells representing 33% of its estimated net proved reserves in this area, and it owns an average 12% working interest in 1,864 gross productive wells.
San Juan Basin
The properties are located in Rio Arriba County, New Mexico and La Plata County in Colorado. The Company�� estimated net proved reserves as of December 31, 2011, 68.6 Bcfe, 59% of which is natural gas. During 2011, it drilled two wells, one of which were completed. EnerVest operates wells representing 94% of its estimated net proved reserves in this area, and it owns an average 71% working interest in 227 gross productive wells.
Monroe Field
The properties are located in two parishes in Northeast Louisiana. The Company�� estimated net proved reserves as of December 31, 2011, were 60.9 Bcfe, 100% of which is natural gas. During 2011, it drilled one well, which was completed. EnerVest operates wells representing 100% of its estimated net proved reserves in this area, and it owns an average 100% working i! nterest i! n 3,930 gross productive wells.
Permian Basin
The properties are located in the Yates, Seven Rivers, Queen, Morrow, Clear Fork and Wichita Albany formations in four counties in New Mexico and Texas. The Company�� estimated net proved reserves as of December 31, 2011, were 54.1Bcfe, 37% of which is natural gas. During 2011, it did not drill any wells. EnerVest operates wells representing 99% of its estimated net proved reserves in this area, and it owns an average 93% working interest in 160 gross productive wells.
Central and East Texas
The properties produce primarily from the Austin Chalk formation and are located in 30 counties in Central and East Texas. Its portion of the estimated net proved reserves as of December 31, 2011 was 60.9 Bcfe, 46% of which is natural gas. During 2011, the Company drilled 16 gross wells, 15 of which were completed. EnerVest operates wells representing 93% of its estimated net proved reserves in this area, and it owns an average 12% working interest in 1,829 gross productive wells.
Michigan
The properties are located in the Antrim Shale reservoir in Otsego and Montmorency counties in northern Michigan. The Company�� estimated net proved reserves as of December 31, 2011, were 44.9 Bcfe, 100% of which is natural gas. During 2011, it did not drill any wells. EnerVest operates wells representing 99% of its estimated net proved reserves in this area, and it has an average 84% working interest in 370 gross productive wells.
Advisors' Opinion:- [By Imperiya]
Over the past few years, government bonds have produced almost zero income for investors. This has led to many people searching high and low for income opportunities. High-yield bonds (though recently falling out of favor) and dividend factories have benefited greatly from this search. MLPs fall into this category, as distribution yields have grown. One such MLP, EV Energy Partners (EVEP), is currently yielding over 8%, which is why it landed high on the list of stock screens. After careful analysis, it is easy to realize there is more to this company than a great yield can tell us.
- [By Arjun Sreekumar]
Analysts expect some $2 billion worth of new projects to be revealed, in addition to the $2 billion of projects that have already been announced.�Major projects that have either been proposed or are under way include a natural gas liquids processing plant�by affiliates of NiSource and Hilcorp Energy; a gathering and processing plant by M3 Midstream LLC, Access Midstream Partners, and EV Energy Partners (NASDAQ: EVEP ) ; and a proposed pipeline from Ohio to Detroit and Canada, to be built by DTE Energy, Spectra Energy (NYSE: SE ) and Enbridge.
- [By Arjun Sreekumar]
Houston-based EnerVest has also placed acreage for sale through its master limited partnership EV Energy Partners (NASDAQ: EVEP ) , after initial results came in under expectations. The MLP's CEO, Mark Houser, said the decision to sell out of the Utica was because oil production doesn't fit its low-cost business model. �
- [By Mike Deane]
Before the opening bell on Monday morning, EV Energy Partners, L.P. (EVEP)�reported its fourth quarter earnings, posting higher oil and natural gas production compared to last year’s same quarter.
EVEP’s Earnings in Brief
EVEP reported fourth quarter revenues of $78,59 million, which were up slightly from last year’s Q4 figure of $74.40 million. EV Energy posted a net loss of $50.19 million for its Q4, a larger loss than last year’s Q4 loss of $9.88 million. EVEP reported a net loss of $1.06 per diluted limited partner unit, which down a large amount from last year’s loss of 23 cents. EVEP missed analysts’ revenue estimates of 19 cents EPS on revenues of $90.82 million. EVEP’s production came in at�10.8 Bcf of natural gas, 240 MBbls of oil and 580 MBbls of natural gas liquids, or 170.5 MMcfe/day for the fourth quarter.EVEP’s Dividend
EV Energy Partners has not raised its dividend since August 2012, when the company bumped its quarterly payout from 76 cents to 77 cents. The company paid its most recent dividend on February 14, and we expect that it will declared its next quarterly distribution within the next few months.
Stock Performance
EVEP shares were inactive in pre-market trading. YTD, the company’s stock is up 1.42%.
Hot Heal Care Stocks For 2014: Caesarstone Sdot-Yam Ltd (CSTE)
Caesarstone Sdot-Yam Ltd. (Caesarstone), incorporated on December 31, 1989, through its subsidiaries, is engaged in the manufacturing of engineered quartz surfaces sold under its premium Caesarstone brand. Caesarstone�� products consist of engineered quartz slabs, which are sold in 42 countries. The Company�� products are primarily used as kitchen countertops in the renovation and remodeling end markets. Other applications include vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces that are used in a range of residential and non-residential applications. On May 18, 2011, the Company completed the acquisition of 75% of the shares of U.S. Quartz Products, Inc.
During the year ended December 31, 2011, it acquired its former United States distributor, Caesarstone USA. As of December 2011, the Company has subsidiaries in Australia, Singapore, Canada and the United States, which is engaged in the marketing and selling of the Company�� products in different geographic areas. Through its design and manufacturing processes it offers a range of colors, styles, designs and textures. Its four diverse collections include Classico, Supremo, Motivo and Concetto. Kibbutz Sdot-Yam owns 70.1% of the Company�� outstanding shares.
Advisors' Opinion:- [By Ant贸nio Costa]
Over the past seven weeks, Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) has been consolidating in a sideways range near its all-time high. This price action and has led to the formation of a bull flag on its daily chart. CSTE is likely to breakout to new highs in the coming sessions. Keep it in your radar screen.
- [By Seth Jayson]
CaesarStone Sdot-Yam (Nasdaq: CSTE ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), CaesarStone Sdot-Yam beat expectations on revenues and beat expectations on earnings per share.
No comments:
Post a Comment