Take a good look at a refinery — a giant chemistry set designed to distill the messy remains of ancient algae into fussy fuel fit for a Prius. Look at all the distillation towers and cooling towers, the cokers and the hydrotreaters, reaching for the sky. These monuments to our… Read More
Igor Greenwald is chief investment strategist of Breakthrough Technology Profits and Income Millionaire.
Igor served as a financial columnist and has also worked as a newspaper editor, foreign correspondent and online producer. He was born in Ukraine, educated at Georgetown University and lives in Massachusetts.
In this issue: There’s really no mystery as to why refining stocks have done so well. Combine a glut of cheap domestic crude with stagnant refining capacity at home and growing demand abroad for fuel exports, and you have a recipe for huge windfalls. We survey the industry and… Read More
Petroleum Geo-Services (Oslo: PGS, OTC: PGSVY) and Geospace Technologies (Nasdaq: GEOS) are Sells from the Aggressive and Growth portfolios, respectively, of The Energy Strategist in response to disappointing price action and growing concerns about industry fundamentals. Read More
MLP Profits has downgraded Inergy Midstream LP (NYSE: NRGM) to a Hold and upgraded Genesis Energy (NYSE: GEL) to a Buy below $55. Kinder Morgan (NYSE: KMI) and Energy Transfer Equity LP (NYSE: ETE) have been added to the Growth Portfolio with buy below targets of $42 and $62, respectively. Buy below targets have been raised for Buckeye Partners LP (NYSE BPL) to $70 and DCP Midstream Partners LP (NYSE: DPM) below $50. The buy below target for Vanguard Natural Resources (Nasdaq: VNR) has been reduced to $28. Read More
The recent market correction represents a solid opportunity to add to holdings of the MLPs that have proven their value, and we've raised numerous targets in addition to upgrading two portfolio holdings back to Buy. But a couple of the names warrant caution. Read More