Europe wants its industry to burn more natural gas instead of coal to reduce global warming pollution. The problem is, there isn’t enough gas at the right price.
Depleted gas stores after the coldest winter since 2012, coupled with pipeline constraints on flows from Russia and Norway, have driven prices to their highest level in at least five years. The result: generating electricity from gas is unprofitable for many utilities, according to Bloomberg calculations based on the cost of fuel, power and emission permits.
The upward drift in gas prices complicates the plans of policy makers from German Chancellor Angela Merkel to U.K. Prime Minister Theresa May, who have set their sights on reducing the emissions blamed for damaging the atmosphere. That requires utilities to switch away from coal in the coming years toward a fuel that isn’t making them money at the moment.
“It’ll become harder to achieve the European fuel switch if there’s not enough gas flowing,” said Trevor Sikorski, head of natural gas, coal and carbon at Energy Aspects Ltd., an industry consultant in London.
Top Undervalued Stocks To Invest In 2021: CVR Refining, LP(CVRR)
CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. The Company is a petroleum refiner and it owns approximately two refineries in the underserved Group 3 of the PADD II region of the United States. The Company owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas with a capacity of approximately 115,000 barrels per calendar day (bpcd) and a crude oil refinery in Wynnewood, Oklahoma with a capacity of over 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oils. The Company also controls and operates supporting logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 crude oil transports; a network of crude oil gathering tank farms; over 7.0 million barrels of owned and leased crude oil storage capacity, and approximately 4.5 million barrels of combined refinery related storage capacity. The Company processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Company offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.
The Company’s Coffeyville refinery’s product yield included gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products, such as natural gas liquids (NGLs) (propane and butane), slurry, sulfur and gas oil (11%). The Company’s Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3%), including slurry, sulfur, gas oil and specialty products, such as propylene and solvents. The Company also has approximately 35,000 barrels per day of contracted capacity on the keystone and spearhead pipelines, ! through which the Company supplies Canadian and Bakken crudes to its refineries. In addition, the Company owns approximately 170,000 barrels per day pipeline system that transports crude oil from its Broome Station facility to its Coffeyville refinery; approximately 1.5 million barrels of crude oil storage capacity that supports the gathering system and its Coffeyville refinery; approximately 0.9 million barrels of crude oil storage capacity at its Wynnewood refinery, and approximately 1.5 million barrels of crude oil storage capacity in Cushing, Oklahoma. The Company also leases additional crude oil storage capacity of approximately 2.8 million barrels in Cushing and approximately 0.2 million Duncan, Oklahoma, and 0.1 million barrels at its Wynnewood refinery.
The Company’s Coffeyville refinery processes blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Its Coffeyville refinery crude oil slate consists of a blend of mid-continent domestic grades and various Canadian medium and heavy sours, as well as North Dakota Bakken and other similarly sourced crudes into its crude slate. The Company’s Coffeyville refinery’s crude oil supply blend consists of approximately 85.4% light sweet crude oil, 12.8% heavy sour crude oil and 1.8% light/medium sour crude oil. The Coffeyville refinery operations include fractionation, catalytic cracking, hydrotreating, reforming, coking, isomerization, alkylation, sulfur recovery and propane and butane recovery. The Coffeyville refinery has approximately two crude oil distillation and vacuum towers, over three sulfur recovery units and over four hydro treating units. Its Coffeyville refinery processed approximately 113,300 barrels per day and over 8,400 barrels per day of crude oil and feedstocks and blends stocks.
The Company’s Wynnewood refinery processes blends of a variety of crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically us! ed. The C! ompany’s Wynnewood refinery’s crude oil supply blend comprised approximately 99.5% sweet crude oil and approximately 0.5% light/medium sour crude oil. The Wynnewood refinery operations include fractionation, cracking, hydrotreating, hydrocracking, reforming, solvent deasphalting, alkylation, sulfur recovery and propane and butane recovery. The Wynnewood refinery has over two crude oil distillation and vacuum towers and four hydro treating units. The Company’s Wynnewood refinery processed approximately 79,800 barrels per day and 3,300 barrels per day of crude oil and feedstocks and blendsstocks, respectively.
The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.
- [By Motley Fool Transcribers]
CVR Refining LP (NYSE:CVRR)Q42018 Earnings Conference CallFeb. 21, 2019, 3:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Max Byerly]
First Allied Advisory Services Inc. purchased a new position in shares of CVR Refining LP (NYSE:CVRR) in the second quarter, Holdings Channel reports. The fund purchased 12,844 shares of the oil and gas company’s stock, valued at approximately $286,000.
Top Undervalued Stocks To Invest In 2021: SeaWorld Entertainment, Inc.(SEAS)
SeaWorld Entertainment, Inc., incorporated on October 2, 2009, is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas, and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).
SeaWorld is the marine-life theme park brand. The Company’s SeaWorld theme parks offer interactive experiences, dining experiences, a range of live performances in the marine-life theme. It also offers a number of animal encounters, including the opportunity to work with trainers and feed marine animals, as well as themed thrill rides and theatrical shows that show its zoological collection. The Company owns and operates the SeaWorld branded theme parks, including SeaWorld Orlando, SeaWorld San Antonio and SeaWorld San Diego. SeaWorld Orlando is approximately 280 acre theme park in Orlando, Florida and is open year-round. SeaWorld Orlando is home to the Journey to Atlantis water coaster ride, Kraken, a floorless rollercoaster, and Manta, a flying rollercoaster, which integrates animals and an aquarium into its theme. SeaWorld San Antonio is a marine-life theme park spread across approximately 410 acres in San Antonio, Texas. SeaWorld San Antonio features rollercoasters, including the Steel Eel and The Great White, along with a! collection of marine-themed shows and experiences, including the killer whale show One Ocean. SeaWorld San Diego spans across approximately 190 acres of waterfront property on Mission Bay in San Diego, California. SeaWorld San Diego has Manta, which is modeled on the Manta ride in SeaWorld Orlando, which includes animal habitats featuring bat rays and other marine-life, as well as a launch rollercoaster shaped like a manta ray.
The Company’s Busch Gardens theme parks are family-oriented destinations with foreign geographic settings. The Busch Gardens theme parks have a range of attractions and rollercoasters, exotic animals and theatrical productions. It owns and operates the Busch Gardens theme parks, including Busch Gardens Tampa, which features animals, thrill rides and shows spread across approximately 310 acres of land, and Busch Gardens Williamsburg, an approximately 420 acre theme park.
The Company’s Aquatica branded water parks are family-oriented destinations that are based in a South Seas-themed tropical setting. Aquatica water parks build on the aquatic theme of its SeaWorld brand and feature rides, water attractions, white-sand beaches and a presentation of marine and terrestrial animals. The Company positions its Aquatica water parks as companions to its SeaWorld theme parks and owns and operates the Aquatica branded theme parks, including Aquatica Orlando, which is an approximately 80 acre South Seas-themed water park adjacent to SeaWorld Orlando; Aquatica San Antonio, which is a water park located within SeaWorld San Antonio featuring a range of waterslides, rivers, lagoons, a beach area and private cabanas, and Aquatica San Diego, an approximately 70 acre water park located near its SeaWorld San Diego theme park. Aquatica San Diego features Taumata Racer, a racing water ride, around approximately 180-degree swooping turn, and in and out of tunnels before racing them across the finish line.
Discovery ! Cove
Discovery Cove is an approximately 60 acre, reservations only, all-inclusive marine-life theme park. Discovery Cove provides guests with a full day of activities, including approximately 30-minute dolphin swim session and the opportunity to snorkel with tropical fish, wade in a lagoon with stingrays, and hand-feed birds in a free flight aviary.
Sesame Place is located on approximately 50 acres between Philadelphia and New York City. Sesame Place’s realm, Cookie’s Monster Land, features approximately five rides, an approximately three-story net climb, and a soft play area for the park’s youngest visitors. In addition, it has introduced Sesame Street brands in its other theme parks through Sesame Street-themed rides, shows, children’s play areas and merchandise.
Water Country USA
Water Country USA is located on approximately 220 acres and features water rides and attractions. The water park features approximately 23,000 square-foot wave pool, a science fiction themed interactive children’s play area, kid-sized water slides, live shows and other attractions.
Adventure Island, located adjacent to Busch Gardens Tampa, is an approximately 60 acre water park offering water rides, dining and other attractions with a Key West theme. The theme park features a wave pool and children’s water playground.
The Company competes with The Walt Disney Company, Universal Studios, Six Flags, Cedar Fair, Merlin Entertainments and Hershey Entertainment and Resorts Company.
- [By Rick Munarriz]
The move doesn’t necessarily rattle the plans for springtime openings for new rides and attractions at nearby theme parks. Comcast’s (NASDAQ:CMCSA) Universal Orlando, SeaWorld Entertainment’s (NYSE:SEAS) SeaWorld Orlando, and Legoland Florida will still have months to enjoy what should be another year of record crowds in central Florida before Disney begins siphoning off potential visitors to rival parks. The world’s largest theme park resort will still miss the peak summer travel season. However, it does shake things up a bit, and all eyes are now on how 2019 will play out in the high-stakes game of Florida’s theme parks.
- [By Ethan Ryder]
Robeco Institutional Asset Management B.V. boosted its stake in shares of SeaWorld Entertainment Inc (NYSE:SEAS) by 70.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,336 shares of the company’s stock after purchasing an additional 5,532 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SeaWorld Entertainment were worth $294,000 at the end of the most recent quarter.
- [By Motley Fool Transcribers]
SeaWorld Entertainment Inc (NYSE:SEAS)Q42018 Earnings Conference CallFeb. 28, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Garrett Baldwin]
Before the bell, the U.S. Bureau of Economic Analysis reported its second GDP estimate for the fourth quarter. U.S. economic growth came in at 2.6%, a figure that topped consensus expectations. Q2 and Q3 2018 GDP growth came in at fabulous levels – 4.2% and 3.4%, respectively. However, investors predicted the reading would come in lower due to the government shutdown during the fourth quarter. In other economic news, the Department of Labor this morning reported weekly jobless claims at 225,000. That figure is slightly higher than the 220,000 expected by economists. The price of Bitcoin is currently hovering just under $4,000. We’ve been watching a long process of consolidation at these levels for several weeks. Despite short-term pain in the markets, Money Morning’s David Zeiler outlines the bullish case for Bitcoin. How high can the price of Bitcoin go? David makes the bullish case that Bitcoin could hit $250,000 by 2025. For more on how to profit from Bitcoin’s next bull cycle, go here now.
Stocks to Watch Today: JCP, JWN, ACI, BUD
Shares of J.C. Penney Co. Inc.(NYSE: JCP) popped more than 16% after the embattled retail giant reported earnings. The company topped Wall Street expectations and announced plans to shutter another 18 department stores this year. The company’s balance sheet temporarily improved after it was able to reduce its massive inventory glut. The firm reported EPS of $0.18, topping forecasts by $0.08. Revenue came in at $3.79 billion. Shares of Anheuser Busch Inbev NV (NYSE: BUD) popped more than 5% after the beer brewing giant crushed Wall Street earnings expectations. The Budweiser and Corona maker announced plans to increase its non-alcoholic and low-alcohol drinks business, two areas that continue to show impressive and rising global demand. The Western Union Co. (NYSE: WU) is generating buzz after it announced a $1 billion stock buyback program. In addition, the payment giant said it would sell its Speedpay bill paying bu
Top Undervalued Stocks To Invest In 2021: Anthem, Inc.(ANTX)
Anthem, Inc., incorporated on July 17, 2001, is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care. The Company also provides services to the federal government in connection with the Federal Employee Program (FEP).
The Companys products and services include Preferred Provider Organization (PPO) products offer the member an option to select any health care provider, with benefits reimbursed by the Company at a higher level when care is received from a participating network provider; Consumer-Driven Health Plans (CDHPs) provide consumers with increased financial responsibility, choice and control regarding how their health care dollars are spent; Traditional Indemnity, Indemnity products offer the member an option to select any health care provider for covered services; Health Maintenance Organization (HMO) products include comprehensive managed care benefits, generally through a participating network of physicians, hospitals and other providers; Point-of-Service (POS) products blend the characteristics of HMO, PPO and indemnity plans; ACA Public Exchange and Off-Exchange Pro! ducts, In the Companys Individual and Small Group markets it offers bronze, silver and gold products, both on and off the public exchanges, as well as platinum products, both on and off the public exchanges; Administrative Services, which include services to Large Group employers that maintain self-funded health plans; BlueCard; Medicare Plans, which offers a variety of plans, products and options to individuals age 65 and older, such as Medicare supplement plans, Medicare Advantage (including private fee-for-service plans and special needs plans), Medicare Part D Prescription Drug Plans, or Medicare Part D and Medicare-Medicaid Plans (MMPs); Individual Plans, which offers a range of health insurance plans with a variety of options and deductibles for individuals under age 65 who are not covered by employer-sponsored coverage; Medicaid Plans and Other State-Sponsored Programs; Pharmacy Products, it markets and sells integrated prescription drug products to both fully-insured and self-funded customers through its health benefit subsidiaries; Life Insurance, offers an array of individual and group life insurance benefit products to both Large Group and Small Group customers in conjunction with its health plans; Disability, which offers short-term and long-term disability products, in conjunction with its health plans; Radiology Benefit Management, offers outpatient diagnostic imaging management services to health plans; Personal Health Care Guidance, which offers leading evidence-based and analytics-driven personal health care guidance; Dental; Vision Services and Products and Medicare Administrative Operations. The Company has three operational segments: Commercial and Specialty Business, Government Business and Other. The Companys Commercial and Specialty Business and Government Business segments both offers a mix of managed care products, including PPOs, HMOs, traditional indemnity benefits and POS plans, as well as a variety of hybrid benefit plans including CDHPs, hospital only and limited bene! fit produ! cts.
Commercial and Specialty Business
The Companys Commercial and Specialty Business segment includes its Local Group, National Accounts, Individual and Specialty businesses. Business units in the Commercial and Specialty Business segment offer fully-insured health products; provide an array of managed care services to self-funded customers including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services, and provide an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care guidance.
The Companys Government Business segment includes Medicare and Medicaid businesses, National Government Services, or NGS, and services provided to the federal government in connection with FEP. Medicare business includes services, such as Medicare Advantage, Medicare Part D, and Medicare Supplement. Medicaid business includes its managed care alternatives through publicly funded health care programs, including Medicaid, Temporary Assistance for Needy Family programs (TANF), programs for seniors and people with disabilities (SPD), programs for long-term services and support (LTSS), Childrens Health Insurance Programs (CHIP) and ACA-related Medicaid expansion programs. NGS acts as a Medicare contractor in several regions across the nation.
- [By Logan Wallace]
Antimatter (CURRENCY:ANTX) traded flat against the U.S. dollar during the one day period ending at 12:00 PM E.T. on July 22nd. In the last seven days, Antimatter has traded up 17.8% against the U.S. dollar. Antimatter has a total market capitalization of $0.00 and $1.00 worth of Antimatter was traded on exchanges in the last 24 hours. One Antimatter coin can currently be bought for $0.0001 or 0.00000001 BTC on popular cryptocurrency exchanges.
- [By Max Byerly]
Antimatter (CURRENCY:ANTX) traded 10.9% lower against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on June 10th. One Antimatter coin can now be purchased for approximately $0.0001 or 0.00000002 BTC on exchanges. During the last seven days, Antimatter has traded 12.5% lower against the US dollar. Antimatter has a market cap of $0.00 and $7.00 worth of Antimatter was traded on exchanges in the last 24 hours.
Top Undervalued Stocks To Invest In 2021: Magal Security Systems Ltd.(MAGS)
Magal Security Systems Ltd., together with its subsidiaries, develops, manufactures, markets, and sells computerized security systems used to automatically detect and deter human intrusion primarily in Israel, North America, Europe, South and Latin America, and Africa. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include a hybrid perimeter intrusion detection system with physical barrier; fence mounted vibration detection systems; detection grids, gates, and innocent looking fences to protect water passages, VIP residences, and other outdoor applications; and buried cable sensors, electrical field disturbance sensors, and microwave sensors. The company also offers CCTV systems comprising DreamBox/Maestro DB, a real-time multimedia analysis and management platform for outdoor security applications; MTC-1500E, a dual technology o utdoor surveillance system; MSS-1500, a dual camera system for outdoor rapid deployment operations; and MagCam, which provides fence surveillance under daylight and darkness. In addition, it offers Fortis, a command and control system; StarNet 1000, a security management system; and Network Manager, a middleware package. Further, the company offers miscellaneous systems, including covert security systems; and personal and portable duress alarm systems to protect personnel in prisons. Additionally, Magal provides support and maintenance services. Its products are used to protect infrastructure, assets, and personnel in sensitive facilities, such as national borders, military bases, power plants, airports, seaports, prisons, industrial sites, oil and gas facilities, refineries, and municipalities from intrusion, crime, sabotage, or vandalism. Magal Security Systems sells its products through system integrators and distribution channels. The company was founded in 1969 and is b ased in Yehud, Israel.
- [By Shane Hupp]
Magal Security Systems (NASDAQ:MAGS) and Risk (George) Industries (OTCMKTS:RSKIA) are both small-cap industrial products companies, but which is the better investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, risk, profitability, earnings and analyst recommendations.
- [By Logan Wallace]
Media coverage about Magal Security Systems (NASDAQ:MAGS) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magal Security Systems earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 48.2585076972472 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
- [By Lisa Levin]
Magal Security Systems Ltd. (NASDAQ: MAGS) is expected to report earnings for its first quarter.
Four Seasons Education (Cayman) Inc. (NASDAQ: FEDU) is projected to report quarterly earnings at $0.04 per share on revenue of $11.74 million.