On September 1, 2009, Libya lavishly celebrated the 40 years in power of its leader Colonel Muammar Gaddafi. Once qualified as the mad dog of the Middle East by President Ronald Reagan, Gaddafi has demonstrated a sheer ability to make his once pariah country of 6 million people, one of the most assiduously courted both by countries and companies.
The 'PIIGS' are the European countries that are suffering due to current economic woes. The countries are Portugal, Italy, Ireland, Greece, and Spain, and the crisis that is looming is heavy. Recently, there has been much talk about Greece being bailed out by stronger EU countries, but even that is uncertain. And even if Greece is bailed out, will there be enough funds or even enough interest in bailing out Spain or Italy, with a much greater amount of sovereign debt outstanding?
But if the bailouts come through, the economies will come through,...
Many foreign stocks trading as ADRs on the US markets have above average dividend yields. The following 11 stocks were paying dividends of over 5% as of the close on February 26, 2010:
1. YPF SA (YPF) Current Dividend Yield: 7.85% Country: Argentina Sector: Integrated Oil & Gas
Europe's leading oil and gas players have beaten down the door to get at Chesapeake Energy's (NYSE: CHK) "Big Four." I'm talking, of course, about Chesapeake's major U.S. shale plays. BP jumped into the Fayetteville, and then Statoil (NYSE: STO) stampeded into the Marcellus. Now, Total SA (NYSE: TOT) is taking a shot at the Barnett, where the whole shale story began.
The complete list of oil sector related ADRs traded on the organized exchanges in the US are listed below. These stocks include oil and gas producers, distributors, equipment makers and servicing companies.
The energy sector is one we're constantly looking at in an effort to find solid dividends and we're usually rewarded for our efforts. Given the wide swath of companies that can be considered “energy plays,” it's not hard to find robust payouts and yields in the energy arena and that explains why we remain big fans of the energy patch for dividend seekers. That said, things aren't always rosy in the energy sector when it comes to dividends and that's why you regularly monitor the sector for possible changes among its dividends.
ConocoPhillips' (COP) recent decision to reduce its asset base and capital spending in the coming years brings to the forefront the challenges facing the supermajor oil and gas companies. Despite dominating hydrocarbon development throughout the world during the last century, these six firms are now facing unprecedented difficulty in their pursuit of reserves. Jim Mulva, CEO of ConocoPhillips, cited the inability to gain access to resources as a primary reason for the company's strategic shift.
The SPDR DJ Euro Stoxx 50 ETF (FEZ) and SPDR DJ Stoxx 50 ETF (FEU) offer exposure to some of the largest companies in Europe. FEZ is the largest of the two funds with an asset base of $166M.
1. The SPDR DJ Euro Stoxx 50 ETF (FEZ) FEZ tracks the performance of the Dow...
By Francesca Cinelli March 11 (Bloomberg) -- Italy's benchmark FTSE MIB Index reversed previous gains, losing 133.18, or 0.6 percent, to 22,505.47 as of 2:56 pm in Milan. The following stocks were ...
ROME (Dow Jones)--Eni SpA (E) said Thursday its board had proposed a dividend of EUR1.0 a share, down from EUR1.30 a year earlier, to be voted on by shareholders at the annual assembly. The ...
By Jennifer Clark and Liam Moloney ROME -(Dow Jones)- Snam Rete Gas SpA (SRG.MI) said Thursday it expects to increase its dividend payouts 4% a share between 2010 and 2012. Italy's biggest natural ...
MELBOURNE, Mar. 10 -- Oil production has restarted from Woollybutt field off Western Australia after being offline for a year, said joint-venture partner Eni SPA. The field was shut in on Apr. 28 ...
By Andres R. Martinez and Jessica Resnick-Ault March 10 (Bloomberg) -- Europe should promote spending on infrastructure to deliver natural gas to consumers from new sources of the fuel from Africa ...
Oil drilling equipment maker FMC Technologies Inc. (FTI - Analyst Report) announced a $62 million contract from Norway-based oil and gas company StatoilHydro ASA (STO - Analyst Report). The deal ...
By Nidaa Bakhsh March 9 (Bloomberg) -- Eni SpA, Italy's biggest oil company, said a crude-distillation unit was shut after a March 6 fault caused a ?small? fire at its Gela refinery in Sicily. The ...
By Chip Brian, SmarTrend Analytics Team SmarTrend identified a Downtrend for ENI SpA (NYSE:E) on January 21, 2010 at $50.29. In approximately 1 month, ENI SpA has returned 8.1% as of today's ...
By Nariman Gizitdinov March 4 (Bloomberg) -- The Kazakh Prosecutor General's Office is inspecting the BG Group Plc and Eni SpA-led Karachaganak oil venture for compliance with the country's labor ...
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