Enterprise Products, Hess Corporation: Your Daily Energy News
Industry Segment: Production | Word Count: 346 Words
We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
Companies featured: Enterprise Products Partners LP (NYSE:EPD), Hess Corporation (NYSE:HES)
FEATURE: Q4 US oil earnings likely to focus on recovery, Biden transition
Fourth-quarter 2020 earnings calls for US oil upstream, midstream and downstream operators will likely reflect two unique broad themes besides the usual full-year capital spending and business outlooks: plans around policy changes expected from a new US presidential administration, and the pace and extent of recovery from the pandemic.
With oil prices holding above $50/b, thanks in part to an unexpected 1 million b/d production cut set for February and March by Saudi Arabia, 2021 could be a transition year for the industry.
2020 was dominated by the pandemic, with companies focused on survival, cutting spending and limiting growth, but the year’s final quarter was somewhat upbeat. A vaccine for the virus was unveiled late in the year, and drilling ticked up and oil consumption rose, all while US shale and OPEC+ production decreased.
8 Quality Dividend Stocks for Durable Growth and Income Four experts highlight their favorite dividend stocks for 2021.
Jan 20, 2021 | 01:00 PM EST
From Dividend Aristocrats to special situations,
Ben Reynolds along with his co-editors
Bob Ciura and
As part of
AT&T (T) is the second largest telecommunications business in the U.S. based on its $205 billion market cap. Scale is a critical competitive advantage in the industry. The cost of building a network large enough to compete with these industry giants is enormous.
The company s durable competitive advantage and shareholder friendliness is on display with its long dividend history. AT&T has increased its dividend payments for 36 consecutive years.
Watching the markets with an eye to the main chance, Raymond James strategist Tavis McCourt sees both risk and opportunity in current market conditions. The opportunity, in his opinion, stems from the obvious factors: the Democrats won both Georgia Senate seats in the recent runoff vote, giving the incoming Biden Administration majority support in both Houses of Congress – and increasing the odds of meaningful fiscal support getting signed into law in the near term. More importantly, the coronavirus vaccination program is proceeding, and reports are showing that Pfizer’s vaccine, one of two approved in the US, is effective against the new strain of the virus. A successful vaccination program will speed up the economic recovery, allowing states to loosen lockdown regulations – and get people back to work. The risks are also coming from the political and public health realms. The House Democrats have passed articles of impeachment against President Trump, despite the