Scott Shields Katy Energy

The tide may be turning for the worst-performing S&P sector this year PUBLISHED 4 HOURS AGOUPDATED AN HOUR AGO Michael Affigne Trading Nation: Energy catches fire Energy stocks may be fueling up for a comeback rally. Republished by Scott Shields Katy, Scott Shields Houston, www.morganshields.com Geopolitical tensions in Saudi Arabia sent the XLE ETF, which tracks energy stocks, surging over 2% on Monday. Matt Maley, equity strategist trader at Miller Tabak, says this could be energy’s time to shine. “We’re getting in this time of the year, when you get to the last three or four months of the year, that any time an underperforming group and under-owned group — the energy sector is less than 5% of the S&P — when it starts to rally, that attracts a lot of the institutional investors that are looking to make up performance. And the best way to do that is with an under-owned group that’s playing catch-up,” Maley said Monday on CNBC’s “Trading Nation. ” Energy has been the worst

BUSINESS NEWSAUGUST 12, 2019 / 1:24 AM / UPDATED 20 MINUTES AGO Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide Rania El Gamal, Saeed Azhar 6 MIN READ. Reposted by Scott Shields Katy, Scott Shields Houston DUBAI (Reuters) - Saudi Aramco is planning a blockbuster investment in Reliance Industries (RELI.NS), the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit by 12%. State-run Aramco disclosed its closely guarded financials for the first time earlier this year, revealing its 2018 earnings in order to obtain a public rating and start issuing international bonds. The world’s top oil producer plans to launch an initial public stock offering or IPO by 2020-2021, having postponed its flotation from 2018. Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance said. Aramco is expanding

Surf’s Up: Second wave of LNG is here The long-anticipated “second wave” of liquefied natural gas projects is here as tsunami of final investments decisions get made and construction contracts awarded, executives and analysts said. With construction of export terminals sanctioned during the first wave nearing completion, a second round of large LNG export projects are planned from the Texas Gulf Coast to Africa to the Arctic Circle. A joint venture between Exxon Mobil made a final investment decision in February on the $10 billion Golden Pass LNG export terminal in the southeast corner of Texas. The Woodlands oil and gas company Anadarko reached a final investment in June for the its $20 billion offshore Mozambique LNG project in southeast Africa. Earlier this week, Russian natural gas company Novatek awarded a $7.6 billion construction contract to oilfield service company TechnipFMC to build the Arctic LNG 2 export terminal on the Gydan Peninsula of Siberia. The Arctic Circle pr