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Enbridge, Enterprise to develop Gulf of Mexico crude export terminal

Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude oil export terminal in the Gulf of Mexico capable of loading Very Large Crude Carriers. Both pipeline operators will work to finalize an equity participation agreement that would provide Enbridge an option to purchase ownership interest in Enterprise’s Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license, Enbridge said in a statement. The companies would first jointly develop the SPOT project, and depending on how the export market grows, would utilize Enbridge’s Texas COLT deep-water …read more […]

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Amazon leases new Hudson Yards office space

After its failed attempt to bring a headquarters to Long Island City, Amazon has signed a lease with Hudson Yards. Amazon is planning to have 1,500 employees in the new office location. Yahoo Finance’s Dan Roberts, Brian Cheung and Julia La Roche discuss on YFi AM. …read more […]

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Hedge Funds Are Crazy About Yamana Gold Inc. (AUY)

At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […] …read more […]

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Intel creates chip to control quantum computers

Quantum computers aim to carry out tasks in just a few minutes that would take today’s best conventional computers thousands of years. Intel Corp on Monday announced a chip that it hopes will change that. Quantum computers remain years away from everyday use but have drawn the interest of major technology companies. …read more […]

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Hedge Funds Are Dumping Texas Roadhouse Inc (TXRH)

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […] …read more […]

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Should You Buy Portola Pharmaceuticals Inc (PTLA)?

Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 of 2018 due to various reasons. Nevertheless, the data show elite investors’ consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat […] …read more […]

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Is Solaredge Technologies Inc (SEDG) Going To Burn These Hedge Funds ?

Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 26% in 2019 (through November 22nd). Conversely, hedge […] …read more […]

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All Eyes on These 3 Biotech Stocks Ahead of December’s FDA Decisions

Searching for the stocks that can treat you to huge rewards overnight? Look no further than the biotech industry. Regardless of trade wars, economic data and market sentiment, a single positive catalyst like favorable data or an important regulatory decision can drive share prices through the roof. Just remember that these stocks carry substantial risk, too, as the opposite holds true.Having said that, the Street’s seasoned pros remind investors that positive data doesn’t necessarily mean that a drug will receive approval from the FDA. So, when biotechs near these important FDA verdicts, it’s a signal to investors to pay close …read more […]

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Israel tells energy companies to hold fire on Cyprus gas project

Israel’s Energy Ministry has advised three energy companies not to start work on the Aphrodite gas field off Cyprus until the two countries reach agreement over ownership of the reserves. Cyprus and Israel have been in dispute for several years over the gas reserves that straddle their maritime border, with no guarantee of any immediate resolution. Cyprus last month signed a 25-year concession with Noble Energy, Shell and Delek Drilling for exploitation of the Aphrodite field, which was first discovered in 2011. …read more […]