Activity levels and pricing for oil-field services and equipment will likely remain under pressure in the US onshore market this year, with early 2017 bringing a bit of a recovery on both scores. But a return to the levels witnessed during the boom years appears unlikely, especially if Saudi Arabia opts to tap some of its spare capacity to take market share and keep oil prices in check.
Investors in initial public offerings (IPO) often harbor dreams of windfall profits by buying a winning growth story in its early innings. Nothing stokes investors’ imaginations like a hot tech IPO, but late-stage fundraising rounds have emerged as an alternative source of funding. Mutual funds and other institutional investors have become increasingly active in the private market.
Although Exelon could be forgiven for swearing off future deals after enduring a painfully drawn-out approval process for its acquisition of Pepco, the management team has expressed an appetite for another merger. If the company completed due diligence on an alternative acquisition, a follow-up deal could come sooner than you might expect.
Our favorite electric utilities should be able to accelerate their earnings and dividend growth rates, thanks to growing adoption of renewable energy and utilization of gas-fired power plants. And unlike previous periods of growth, the latest boomlet doesn't involve taking on significant operating risk.
We examine first-quarter results posted by our Lifelong Income Portfolio holdings and reassess their future prospects. Our conservative picks generally lived up to or exceeded expectations, while our aggressive holdings reported mixed results.
We remain dubious about the bullish case for the US economy, which is why hedges remain an important component of the Wealth Builders Portfolio. But first-quarter results from our remaining equity holdings indicate that their underlying businesses continue to head in the right direction.
DISCLAIMER: Capitalist Times, LLC is a publisher of financial news and opinions and NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters or on our website(s) should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision. As a condition to accessing Capitalist Times materials and websites, you agree to our Terms and Conditions of Use, available here including without limitation all disclaimers of warranties and limitations on liability contained therein. Owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our website.