Basic and diluted earnings per share are negative for Tullow Oil (LSE: TLW) the beleaguered FTSE 250 oil and gas exploration and production group. A pre-tax loss of $500 million certainly doesn't help. A $750 million rights issue in April 2017 reduced net debt by about $1 billion give or take but the balance sheet still looks weak with total liabilities at $7 billion and … [Read more...] about Tullow Oil Spews Cash, Pre-Tax Loss of $500 Million
In a series of posts that sprang from Warren Buffett's latest 13F filing I have responded to two questions on social media regarding the improved fortunes of Southwest Airlines (NYSE: LUV): @djthomas would be interesting to post your GM% improvement for LUV against oil prices to see how much correlation there is. Bet it's a lot. — Peter Harris (@2peterharris) March 20, … [Read more...] about Southwest Airlines (NYSE: LUV) Gross Margin % v Oil Price: Is There A Correlation?
Whether you characterise what is happening in stocks right now as a mini-bear market or the start of a full scale bear market there's no doubt that weakness stemming from uncertainty in the global financial system has made investors evaluate their portfolios believing that lower prices are to come. Well it has for me. Oil. Iran. The Federal Reserve. These are the … [Read more...] about We Are In A Bear Market