Tag: energy
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Exxon sets 2050 net zero carbon emission goal… sort of
Not that I’m for this kind of feel good nonsense, but, if this gets the crazy environmentalists off their backs I’m all for it. I worry they will just want more. The oil giant said Tuesday it had developed detailed emission-reduction plans for major facilities and assets and can profitably navigate the nascent transition to…
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7% inflation… Oh My!
Inflation at 7% in December, Some large billion dollar companies down 20% off their highs, U.S. truckers may not be allowed into Canada dominated and much much more!
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2021 Yields in Review – Redux
Like an idiot I thought the market would be closed on Friday, January 31, 2022 so I did my wrap up last week. Well, here we go again!
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Natural gas prices on the rise
U.S. natural-gas futures finished Monday’s session at $4.060 per million British thermal units. That is up 8.8% from $3.731 per million BTUs at Friday’s close and the largest dollar gain since Nov. 26. The Weather Prediction Center predicted heavy snow, freezing temperatures and strong winds in the northern and western parts of the country. “The colder weather…
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2021 Yields in Review
2021 comes to an end. Procter & Gamble issues recall, Exxon CFO takes on debt, Self Storage is booming, I review some of my best performers of the year, and much much more!
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Exxon CFO to take on debt reduction and address spending
Exxon took on about $21 billion in new debt in 2020 in response to the sharp declines in its business caused by the pandemic. The company this year has paid down billions, which helped bring its net debt down to $51.83 billion as of Sept. 30, from $68.57 billion at the end of December, according…