Trading Ideas

No Picture
Trading Ideas

The Week In Cannabis: MedMen And Hexo See Big Losses, While Psychedelics And Hemp Thrive

November 3, 2019 admin Comments Off on The Week In Cannabis: MedMen And Hexo See Big Losses, While Psychedelics And Hemp Thrive

On the other hand, we saw a series of bad news coming out of major cannabis companies. MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF) tumbled on a substantial growth in its net losses, which came in at $82.9 million for the fourth quarter, more than double the loss reported in the same period last year. …read more […]

No Picture
Trading Ideas

Kosmos Energy Makes Oil Discovery in Equatorial Guinea: Ministry

November 3, 2019 admin Comments Off on Kosmos Energy Makes Oil Discovery in Equatorial Guinea: Ministry

(Bloomberg) — Kosmos Energy Ltd. made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons.The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the ministry said in an emailed statement.Equatorial Guinea is struggling to recover from a slump in drilling activity and oil and gas production. The discovery is the first well in the campaign by Kosmos.Kosmos Drilling Boss Looks to 1990s Playbook in Africa Oil Hunt“The discovery is a strong validation of our …read more […]

No Picture
Trading Ideas

U.K. updates crypto taxation guidance, stressing that crypto like bitcoin are neither currency nor securities

November 3, 2019 admin Comments Off on U.K. updates crypto taxation guidance, stressing that crypto like bitcoin are neither currency nor securities

The United Kingdom’s tax authority issued taxation guidance for businesses on Friday, complementing its previous guidelines for individuals. The guidance clarifies how capital gains tax, corporate tax, national insurance contributions, income tax, and others.The post U.K. updates crypto taxation guidance, stressing that crypto like bitcoin are neither currency nor securities appeared first on The Block. …read more […]

No Picture
Trading Ideas

Notable Insider Buys In The Past Week: FedEx, Kinder Morgan, Trinity Industries

November 3, 2019 admin Comments Off on Notable Insider Buys In The Past Week: FedEx, Kinder Morgan, Trinity Industries

A board chair at an energy infrastructure giant resumed his buying habit. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. A Trinity Industries Inc (NYSE: TRN) director stepped up to the buy window this past week. …read more […]

No Picture
Trading Ideas

Aramco Budges on $2 Trillion and Dangles Gifts, Too

November 3, 2019 admin Comments Off on Aramco Budges on $2 Trillion and Dangles Gifts, Too

(Bloomberg Opinion) — The initial sales pitch for Saudi Aramco, the world’s largest initial public offering, was pretty clear when it was launched on Sunday: This company can pay chunkier dividends for longer, and more reliably, than any other big oil company. The hope is clearly that investors will therefore pay a premium for the shares that carry those dividend promises. Whether they do should depend on their attitude to Aramco’s singular strategic profile and emerging-market risks.Saudi Arabia has finally kicked off the long-anticipated share sale, reportedly having accepted that the market may not ascribe the $2 trillion valuation Crown …read more […]