The US dollar was broadly mixed last week. Its gains were strongest against the New Zealand dollar and Australian dollars (~3.6% and 1.70% respectively). The Norwegian krone and Canadian dollar lost almost as much ground as the Aussie.
On the other hand, Swedish krona and Swiss franc were the strongest currencies (~0.5%), owing in part to a pre-weekend recovery, helped in part by unexpectedly poor July US new home sales (fell 13.4% compared with expectations of a 2% decline and the June pace was more than halved to 3.6% from 8.3%). The subsequent US Treasury rally, that saw 10-year yields fall 6 bp, helped knock the wind out of the dollar sales against the yen too; against which it had traded above JPY99 for the first time since the beginning of the month.
Although the UK recovery was confirmed as Q2 GDP was revised up and evidence suggests the pace of expansion has not slackened, sterling drew little succor. Sterling peaked mid-week above $1.57 and slipped lower in the second half of the week, giving back everything it gained in the first part plus some and finished the week off by about 0.4%.
5 Best Clean Energy Stocks To Invest In Right Now: NRG Energy Inc.(NRG)
NRG Energy, Inc., together with its subsidiaries, operates as a wholesale power generation company. The company engages in the ownership, development, construction, and operation of power generation facilities. It also involves in the transacting in and trading of fuel and transportation services; the trading of energy, capacity, and related products in the United States and internationally; and the supply of electricity, energy services, and cleaner energy and carbon offset products to retail electricity customers in deregulated markets. The company operates natural gas- fired, coal- fired, oil-fired, nuclear, solar, and wind power plants. As of December 31, 2010, it had power generation portfolio of 193 operating fossil fuel and nuclear generation units with an aggregate generation capacity of approximately 24,570 megawatt (MW), as well as ownership interests in renewable facilities with an aggregate generation capacity of 470 MW. The company portfolio also includes appr oximately 24,035 MW generation capacity in the United States, and 1,005 MW generation capacity in Australia and Germany. In addition, it has a district energy business with steam and chilled water capacity of approximately 1,140 megawatts thermal equivalent. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
Advisors' Opinion:- [By David Dittman]
Answer: AES Corp (NYSE: AES), NextEra Energy Inc (NYSE: NEE) and NRG Energy Inc (NYSE: NRG) are all trading below or within a reasonable range of my current buy-under targets and are well placed to build wealth for the medium and long terms.
- [By Sara Murphy]
Our warming planet poses an increasing risk to business operations, and some companies are managing better than others. For instance, NRG Energy (NYSE: NRG ) and some other utilities are rethinking the entire electrical grid in the wake of repeated storm destruction. Wal-Mart (NYSE: WMT ) is pursuing new efficiency mechanisms to make its supply chain more resilient to shocks.
- [By Ben Levisohn]
While in several markets, including the U.S., fuel cell power plants are still a relatively novel technology for regulatory, government, and financing circles, and these stakeholders have a learning curve to climb, making for lengthy approval processes, we would expect the stationary fuel cell power plant technology penetration to increase. With continued cost improvements and ramping production levels, we believe the company is well on its way to becoming EBITDA positive by mid-FY2015 at the latest. We believe upcoming orders with NRG Energy (NRG) and�Long Island Power Authority will give investors a clear path to this level of profitability next year
- [By Sean Williams]
Sticking with the energy sector, NRG Energy (NYSE: NRG ) jumped 4.2% after filing its IPO plans for the spinoff of its NRG Yield subsidiary, which will hold stakes in natural gas, wind, and solar projects. NRG has high hopes for the spinoff which could raise the company up to $411 million when it prices 19.6 million shares between $19 and $21 per share. Spinoffs like these are becoming more common, as transparency in the complex energy sector is proving helpful to investors who are looking to better understand how these companies make their living.
Top 5 Canadian Stocks To Buy For 2014: Enerplus Corporation (ERF)
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in United States and Canada. As of December 31, 2011, it had 322 MMBOE of proved plus probable reserves. The company also held a portfolio of approximately 380,000 net acres of land comprised of 75,000 net acres at Fort Berthold targeting the Bakken and Three Forks; 65,000 net acres in the Duvernay; 33,000 net acres in the Montney; 67,000 net acres in the Stacked Mannville; 30,000 net acres in the Cardium and other emerging oil plays in Canada; and 110,000 net acres in the Marcellus. In addition, it had 120 gross producing wells. The company was founded in 1986 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Dan Caplinger]
The biggest worry that some investors have about Pengrowth is that its dividend is large compared to its earnings. Similar issues forced Penn West Petroleum (NYSE: PWE ) , also a former Canroy, to cut its dividend a couple months ago. Although extraordinary measures have helped Pengrowth and Enerplus (NYSE: ERF ) sustain payouts at levels that were last reduced in the middle of 2012, both companies could eventually see further pressure on their payouts in future.
- [By Rich Duprey]
Canadian oil and gas producer Enerplus (NYSE: ERF ) announced today its August monthly dividend of $0.09 Canadian per share, which is equivalent to $0.09 U.S. per share at an exchange rate of 0.9674.
- [By RichardCox]
The first to look at is the Enerplus Resources Fund (ERF), which places most of its focus on Western Canadian properties in the mature development stage and is the largest oil and natural gas income fund in North America. For the second quarter, the company's annual production levels rose by 10%, and its diversified portfolio of high-quality growth resources puts Enerplus in a strong position to benefit from demographic trends and rising oil prices. Year-to-date, ERF has seen rallies of nearly 30% but the latest pullback in market valuations offers a new opportunity for investors to get long and gain exposure to energy markets without the added risks of companies that could be vulnerable to trade route disruptions in the Middle East (for example, in the all-important Suez Canal). With its $3.4 billion market cap and 6.4% dividend yield, Enerplus offers a stable alternative for playing energy markets and recent weakness in both commodities and the stock price itself should be viewed as a buying opportunity.
- [By Rich Duprey]
Canadian oil and gas producer�Enerplus� (NYSE: ERF ) �announced yesterday�its June monthly dividend of $0.09 Canadian per share, which is equivalent to $0.09 U.S. per share at an exchange rate of 0.9699.
Top 5 Canadian Stocks To Buy For 2014: Talisman Energy Inc.(TLM)
Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company was founded in 1925 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Ben Levisohn]
Talisman Energy (TLM) has fallen 3% to $10.37 on reports that discussions with Repsol about a potential asset sale have stalled.
Tiffany (TIF) has risen 2.6% to $103.40 after the luxury retailer easily topped earnings and revenue forecasts and lifted its full year guidance.
- [By Eric Lam]
Calfrac Well Services Ltd. and Bankers Petroleum Ltd. (BNK) added at least 4.4 percent to pace gains among energy shares. Talisman Energy (TLM) Inc. increased 1.7 percent after Lundin Petroleum AB began drilling in a field co-owned by the two companies in the North Sea. B2Gold Corp. jumped the most in six weeks, ahead of its inclusion in an index of gold mining stocks. Rogers Communications Inc. rallied 1.3 percent after an analyst with Canaccord Genuity Inc. raised his rating for the stock.
- [By Arjun Sreekumar]
In Pennsylvania, for instance, several hundred wells have been drilled but not completed because the takeaway capacity to get their production to market simply isn't there. Several operators have been forced to drastically reduce their rig counts in the region. For instance, both EXCO Resources (NYSE: XCO ) and Talisman Energy (NYSE: TLM ) have just one rig each remaining in the Marcellus.
- [By Value Digger]
Manitok's competitive advantage is its management team, who knows well where the shallow opportunities exist, from years of bypassing many conventional reservoirs and drilling deeper targets for Talisman Energy (TLM).
Top 5 Canadian Stocks To Buy For 2014: Ritchie Bros. Auctioneers Incorporated(RBA)
Ritchie Bros. Auctioneers Incorporated, an industrial auctioneer, sells various equipment to on-site and online bidders. The company, through unreserved public auctions, sells a range of used and unused industrial assets, including equipment, trucks, and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum, and marine industries. It also provides Internet bidding services, which facilitate customers access to live and online auction participation. The company primarily serves buyers and sellers of equipment, trucks, and other industrial assets; rental companies and brokers; finance companies; and truck and equipment dealers. As of December 31, 2011, it operated approximately 110 locations in approximately 25 countries, including 43 auction sites worldwide. The company was founded in 1963 and is headquartered in Burnaby, Canada.
Advisors' Opinion:- [By Chris Hill]
Caterpillar's (NYSE: CAT ) �first-quarter profit�fell 45% and the company lowered guidance. But its CEO said that his confidence is at a two-year high and sales in China rose. Should investors buy the stock? In this installment, our analysts discuss Caterpillar's future and explain why Ritchie Bros. Auctioneers (NYSE: RBA ) could be a hidden winner.
- [By Canadian Value]
Australians will remember 2013 in part for the fall of some of our national corporate icons. The Ford Falcon and Holden Commodore are unlikely to be produced domestically going forward, and Qantas has unsuccessfully sought subsidies from the Federal government. Due to elevated cost structures and a high exchange rate, Australia Inc. is increasingly unable to compete in a fiercely competitive global market.High on the Reserve Bank of Australia�� (RBA) Christmas wish-list this year will be a lower exchange rate and a business community more willing to loosen its purse strings in 2014. Unfortunately, the first wish will likely need to be granted before the second can be realized. We expect the RBA will need to keep policy accommodative over the cyclical horizon and 2014 will be a critical transition year for the Australian economy.Over the year through September 2013, real growth in business investment outside the mining sector slowed to almost zero (0.5% to be precise, as shown in Figure 1). Why has Australia Inc. invested so little into its businesses this year? As RBA Deputy Governor Philip Lowe commented in a speech in late October, the lack of business investment in recent years is actually a global phenomenon across the developed world.�Although hard to quantify, this ��nvestment drought,��as Lowe described it, has likely been influenced by a lingering risk aversion after the financial crisis as well as the political uncertainty that has been common in many developed countries over the past few years. But in Australia another variable has also been restraining non-mining capital expenditure, and that is the elevated exchange rate.As Figure 1 shows, changes in the real trade-weighted exchange rate have historically led changes in non-mining business investment. As the real exchange rate appreciates, domestic products and services become less competitive relative to foreign goods and services, both at home and abroad. And of course, the reverse is true w
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