Year: 2020

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Dakota Access Oil Line to Be Shut by Court in Blow for Trump

July 6, 2020 admin Comments Off on Dakota Access Oil Line to Be Shut by Court in Blow for Trump

(Bloomberg Law) — The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry.The decision is a momentous win for American Indian tribes that have opposed the Energy Transfer Partners LP project for years. It comes just a day after developers scuttled another project, the Atlantic Coast natural gas pipeline, after years of legal delays.Pipeline opponents have increasingly taken to the courts to oppose fossil fuel infrastructure projects, claiming at least three big victories this year.The U.S. District Court for the District of Columbia …read more […]

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J.P. Morgan: These 3 Stocks Are Poised to Surge by at Least 20%

July 6, 2020 admin Comments Off on J.P. Morgan: These 3 Stocks Are Poised to Surge by at Least 20%

Is it time to run with the bulls? Writing from investment bank JPMorgan, quantitative strategist Marko Kolanovic says it is. You may remember Kolanovic, if you follow market news regularly; he was one of the few who correctly called the bottom back in March. Now he says that the near- to mid-term prospects remain bullish. He notes two points of particular importance for investors, economic support policies, and the ongoing COVID-19 epidemic.Regarding policy support, Kolanovic is quick to connect recovery in liquidity with the massive fiscal and monetary support put in place by Congress and the Federal Reserve. He reminds …read more […]

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Utility Giant Kills Gas Pipeline, Sells Assets to Berkshire

July 6, 2020 admin Comments Off on Utility Giant Kills Gas Pipeline, Sells Assets to Berkshire

(Bloomberg) — One of the largest utilities in America is starting to turn its back on natural gas.Dominion Energy Inc., the second-biggest U.S. power company by market value, on Sunday said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp. said they’re killing the controversial Atlantic Coast gas pipeline along the U.S. East Coast, citing ongoing delays and “cost uncertainty.”The moves come as utilities face increasing pressure from local governments, investors and environmentalists to quit the fossil fuel. While long …read more […]

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Hedge Funds Have Never Been This Bullish On Xeris Pharmaceuticals, Inc. (XERS)

July 6, 2020 admin Comments Off on Hedge Funds Have Never Been This Bullish On Xeris Pharmaceuticals, Inc. (XERS)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]