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American Petroleum Institute proposes U.S. adopt carbon tax
I suspect this proposal will allow oil companies to fight activist investors. I don’t believe in the effectiveness of any carbon tax or cap & trade scheme. The API proposal calls for assessing gasoline wholesalers, power plants and others a tax starting at $35 to $50 a ton for carbon dioxide generated by the fossil […]
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IBM revenue jumps 8% on hybrid cloud
Revenue rose to $14.2 billion, from $13.19 billion a year earlier, beating analysts’ expected $13.78 billion, according to FactSet. The results were boosted by a 14% revenue increase from the hybrid cloud, which straddles public clouds, private clouds and as-a-service properties. The company now expects revenue growth this year at the high end of its […]
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Pembina Pipeline… a solid performer
Reinvesting Warner Bros Discovery into AT&T, help me understand what’s happening with bank stocks, Pembina Pipeline is my best high yield stock, and much much more!
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CrossAmerica Partners is a winner… so far
I sell out of BP, Oil execs on the hot seat, inflation still sky high, and much much more!
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Shell expects to take $5 billion hit pulling out of Russia
Shell Midstream Partners (SHLX) has a current dividend yield of 8.37% and is rated as “Boderline Safe” by SimplySafeDividends. I hold SHLX in my Medium Yield Portfolio. In total SHLX is 1.7% of my portfolio. Shell Midstream Partners (SHLX) is owned by Shell PLC (SHEL) The London-based oil major provided the guidance Thursday ahead of […]
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Consumer staples getting squeezed by inflation
Procter & Gamble Co., Clorox Co., Kraft Heinz Co. and other consumer-products giants have made a bet that consumers will pay up for household products even as inflation takes hold. Over the past year, the companies have seen profits and market share grow as they have raised prices on products from detergent and diapers to snacks and soda. Now consumers, hit by soaring […]
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Oil executives reject profiteering claims by Congress
It’s not rocket science. Increasing unfriendly regulations on the production and distribution of oil and gasoline will result in higher prices at the pump. Prices were already way above where they were a year prior to the Russia/Ukraine war. The conflict only made matters worse. Congress attacking investors who depend on these investments for their […]
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1st Quarter in the Can
3M remediation in Belgium, AT&T two-way trading, Kinder Morgan backed company files for bankruptcy and much much more!
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Microsoft is now the favorite child of Washington D.C.?
When a congressional committee was preparing to publicly interrogate the CEOs of four tech giants in 2020, Microsoft Corp. President Brad Smith, whose employer wasn’t on the hot seat, gave the lawmakers a private briefing. When Australia proposed a law to force Facebook and Google to pay for news articles, Mr. Smith endorsed it and offered Microsoft’s Bing as an alternative. When […]
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Kinder Morgan backed Ruby Pipeline files for bankruptcy
Kinder Morgan (KMI) has a current dividend yield of 5.71% and is rated as “Safe” by SimplySafeDividends. I hold KMI in my High Yield Portfolio. In total KMI is 1.9% of my portfolio. The Houston-based natural-gas pipeline company filed for bankruptcy voluntarily in the U.S. Bankruptcy Court in Wilmington, Del. Ruby, directly owned by Ruby […]