Energy Update
March and April were months of recovery for the broad market and for clean energy income stocks, but most clean energy stocks failed to participate in the rally. By design, my Ten Clean Energy Stocks for 2016 model portfolio is heavily weighted towards income, recovering 9 percent in March and 6 percent in April so that it is now back in the black, up 0.8 percent year to date.
May 5 (Reuters) - ConocoPhillips says it has shut its
surmount operations and evacuated people sheltering, workers
from site-Canadian website
DUBAI, May 5 (Reuters) - Banking stocks helped Saudi
Arabia's index rebound from a two-week low on Thursday
after the government ended builder Saudi Binladin Group's ban on
bidding for state contracts, potentially easing the strain on a
company heavily in debt to local lenders.
May 5 (Reuters) - National Bank of Canada estimated
that it would set aside C$250 million ($195 million), before
taxes, in the quarter ended April to cover bad loans to the oil
and gas industry.
Mexico's first-ever deepwater bidding round is already drawing the attention of major international oil and gas producers, including the country's own Pemex.
LAUNCESTON, Australia, May 5 (Reuters) - If you are looking
for signs that the China-led surge in iron ore and steel prices
is likely to fizzle, the fact that the share prices of producers
are lagging miles behind is a strong indicator that the
commodity rally may be shaky.
Solar industry associations in the U.S. and Europe have launched campaigns to celebrate regional milestones in solar installations.
SARAJEVO, May 5 (Reuters) - Croatia is interested in taking
part in a disputed project to expand the Paks nuclear power
plant its neighbour Hungary has awarded to Russia's Rosatom,
Croatia's Entrepreneurship and Crafts Minister Darko Horvat said
on Thursday.
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