Category: Blog
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Eco-activist investors win at least 2 seats on Exxon board
This will have to be watched closely. Hopefully this doesn’t impact the profitability and the dividend of the company. An activist investor won at least two seats on the board of Exxon Mobil Corp. XOM 1.17% , a historic defeat for the oil giant that will likely force it to alter its fossil-fuel focused strategy…
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Exxon under attack from eco-activist investors
There is a group of shareholders that want Exxon to shift its focus away from oil and gas due to their concerns about climate change. I think there are enough oil companies already heading down that path and Exxon is correct in wanting to hold the course. They can dip their toes in the clean…
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Investors jumping into risky bundled collateralized loans
This smells of what happened just prior to the 2008 global economic recession. Issuance of new collateralized loan obligations, which buy up loans to companies with junk credit ratings and package them into securities, totaled over $59 billion as of May 20, according to data from S&P Global Market Intelligence’s’ LCD. That is the highest ever figure…
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Oil companies increasing their footprint in renewables
I’m not big on renewable sources of energy. I’m in the camp that thinks they are not reliable enough to be a consistent supply of energy. I would like to see nuclear embraced more. All that said, oil companies are not standing still. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and…
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The Yield – Week ending May 21, 2021
J&J, record billions into stocks, Target news, Fed expectations and more
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The Fed lowers expectations for job growth in May
Let’s hope this is still a temporary situation due to all the chaos caused by the COVID-19 shutdowns. The quicker things return to normal the better for everyone. Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun…