Hedge funds kicked off the new year on a sour note, losing 0.2% in January, according to the Hennessee Group.
This one-month downturn seemed unlikely to dampen investors’ enthusiasm for hedge funds, however, as Deutsche Bank reported Tuesday that investors in its annual alternative investment survey were bullish on industry growth.
Deutsche predicted that hedge fund assets would pass the $3 trillion mark by year-end, based on investors’ predictions of $171 billion net inflows and performance-related gains of 7.3%, amounting to $191 billion.
Institutional Allocations Increase
The Deutsche Bank survey included asset managers, public and private pensions, endowments and foundations, insurance companies, funds of funds, private banks, investment consultants and family offices from 29 countries. Forty-six percent of responding investors had $1 billion or more in hedge fund assets under management, and 18% had more than $5 billion.
The survey found that nearly half of institutional investors, which account for two-thirds of industry assets (compared with about one-third before the financial crisis), had increased their hedge fund allocations in 2013, and that 57% planned to do so this year.
Top 10 Freight Stocks To Invest In 2015: Endeavour Silver Corporation(EXK)
Endeavour Silver Corp., a mid-cap silver mining company, focuses on the growth of its silver production, reserves, and resources in Mexico and Chile. It principally holds interests in two producing silver mines in Mexico, including the Guanacevi mine, located in Durango State; and the Guanajuato mine located in Guanajuato State. Endeavour Silver Corp. was formerly known as Endeavour Gold Corp. and changed its name on September 14, 2004. The company was founded in 1981 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Selena Maranjian]
Endeavor Silver (NYSE: EXK ) sank 58%. It's focused on silver mines in Mexico and also mines gold. Last month, due to one of its three mines outperforming, management raised silver-production projections by 20%, representing a 34% increase over 2012 levels. Gold-production forecasts were hiked 48%. Not all mines are performing well, though, and the price of silver has fallen, so the company has been cutting costs, in part via layoffs.
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Wednesday, basic materials shares were relative leaders, up on the day by about 0.27 percent. Meanwhile, top gainers in energy sector included Endeavour Silver (NYSE: EXK), with shares up 4.3 percent, and McEwen Mining (NYSE: MUX), with shares up 4.4 percent.
Top Electric Utility Stocks To Buy Right Now: DUSA Pharmaceuticals Inc.(DUSA)
DUSA Pharmaceuticals, Inc., a vertically integrated dermatology company, develops and markets Levulan photodynamic therapy (PDT) and other products for common skin conditions primarily in the United States, Canada, and Korea. Its products include Levulan Kerastick 20% Topical Solution with PDT and the BLU-U brand light source for the treatment of non-hyperkeratotic actinic keratoses of the face or scalp. The company also markets the BLU-U without Levulan for the treatment of moderate inflammatory acne vulgaris and general dermatological conditions; and non-PDT drug products, such as ClindaReach and AVAR products. DUSA Pharmaceuticals, Inc. was founded in 1991 and is based in Wilmington, Massachusetts.
Advisors' Opinion:- [By CRWE]
DUSA Pharmaceuticals, Inc.(r) (Nasdaq:DUSA), a dermatology company that is developing and marketing Levulan(r) Photodynamic Therapy (PDT), reported that Bob Doman, President and Chief Executive Officer, will present a corporate overview at the Rodman & Renshaw 14th Annual Healthcare Conference on Monday, September 10, 2012 at 11:15 a.m. ET at The Waldorf Astoria Hotel in New York City.
Top Electric Utility Stocks To Buy Right Now: Reliance Industries Ltd (RELIANCE)
Reliance Industries Limited (RIL) is a conglomerate with business in the energy and materials value chain. The Company operates in three segments: petrochemicals, refining and oil & gas. The petrochemicals segment includes production and marketing operations of petrochemical products which include, polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, polyester yarn, polyester fibre, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, caustic soda and polyethylene terephthalate. The refining segment includes production and marketing operations of the petroleum products. The oil and gas segment includes exploration, development and production of crude oil and natural gas. Its others segment includes textile, retail business, special economic zone (SEZ) development and telecom / broadband business. Advisors' Opinion:- [By MONEYMORNING.COM]
Vanguard favors India with investments in Infosys Ltd. (NSE: INFY), Reliance Industries Ltd. (NSE: RELIANCE), and Housing Development Finance Corp. Ltd. (NSE: HDFC) ranking among its top 20.
Top Electric Utility Stocks To Buy Right Now: Baytex Energy Corp (BTE)
Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming). The Company acts as the financing vehicle for its subsidiaries by providing access to debt and equity capital markets. As of December 31, 2011, its primary assets are Baytex Energy Ltd. (Baytex Energy), which it owns. On February 3, 2011, the Company acquired heavy oil assets located in the Reno area of northern Alberta and the Lloydminster area of western Saskatchewan. On August 9, 2011, the Company acquired natural gas assets located in the Brewster area of west central Alberta. During the year ended December 31, 2011, it completed two dispositions of undeveloped lands; in the Kaybob South area of west central Alberta, it sold six sections of leasehold, including five sections with Duvernay rights, and in the Dodsland area in southwest Saskatchewan, it sold 32,600 net acres of leasehold in the halo of the field.
During 2011, the Company�� production averaged 50,132 barrel of oil equivalent per day, from its properties in Canada. During 2011, production averaged 50,132 barrel of oil equivalent per day. During 2011, light oil and natural gas liquid (NGL) production was 6,769 barrels per day. During 2011, heavy oil production was 35,252 barrels per day. During 2011, natural gas production was 48.7 million cubic feet per day. Its crude oil and natural gas operations are organized into three business units: Alberta/B.C., Saskatchewan and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. These plays include the Bakken/Three Forks in the Williston Basin of North Dakota and southeast Saskatchewan and the Viking in southwestern Saskatche! wan and eastern Alberta.
Saskatchewan Business Unit
As of December 31, 2011, the Saskatchewan Business Unit accounted for more than 38% of production. The Saskatchewan Business Unit's heavy oil operations include cold primary and thermal (steam-assisted gravity drainage) production. Production is generated from vertical, slant and horizontal wells using progressive cavity pumps capable of handling heavy oil combined with gas, water and sand. Once produced, the oil is delivered to markets in both Canada and the United States on pipelines, tanker trucks or railways. Heavy crude is blended with light-hydrocarbon diluents (such as condensate) prior to being introduced into a sales pipeline. The blended crude oil is then sold by Baytex. During 2011, production in the Saskatchewan Business Unit averaged approximately 20,958 barrels of oil equivalent per day, which was comprised of 19,828 barrels per day of heavy oil, 154 barrels per day of light oil and 5,860 thousand cubic feet per day of natural gas. During 2011, Baytex drilled 93 (87.9 net) wells in the Saskatchewan Business Unit resulting in 84 (78.9 net) oil wells, four stratigraphic test wells, four service wells, and one dry and abandoned well.
The Company�� Ardmore, Alberta is developed in the Sparky, McLaren and Colony formations. During 2011, average production was approximately 652 barrels per day of heavy oil and 158 thousand cubic feet per day of natural gas. During 2011, one well was drilled. As of December 31, 2011, Baytex had 34,000 net undeveloped acres in this area. Its Carruthers property consists of separate North and South oil pools in the Cummings formation. During 2011, 13 wells were drilled. During 2011, average production was approximately 2,444 barrels per day of heavy oil and 489 thousand cubic feet per day of natural gas. As of December 31, 2011, Baytex had 10,600 net undeveloped acres in this area. During 2011, the Company�� Celtic, Saskatchewan producing property produced averaged 3,013 ! barrels p! er day of heavy oil and 538 thousand cubic feet per day of natural gas. During 2011, Baytex drilled seven oil wells in the area. The Company�� Cold Lake, Alberta is a heavy oil property. Production is from the Colony, Upper McLaren, Rex and Sparky formations. During 2011, average oil production was approximately 270 barrels per day. During 2011, Baytex had 11,300 net undeveloped acres in this area.
During 2011, in Kerrobert SAGD project, the Company placed two new well pairs on production. During 2011, average production from the Kerrobert area was approximately 3,350 barrels per day of heavy oil, 154 barrels per day of light oil, and 1,999 thousand cubic feet per day of natural gas. During 2011, Baytex drilled five oil wells and eight service wells in this area. As of December 31, 2011, Baytex had 38,600 net undeveloped acres in this area. Lindbergh is a non-operated heavy oil property. Baytex has a 21.25% working interest in this property. During 2011, average production in this area was approximately 673 barrels per day of heavy oil and 71 thousand cubic feet per day of natural gas. During 2011, four wells were drilled in this area. As of December 31, 2011, Baytex had 800 net undeveloped acres in this area. During 2011, its Marsden/Epping/Macklin/Silverdale, Saskatchewan produced approximately 2,102 barrels per day of oil and 290 thousand cubic feet per day of natural gas. During 2011, nine oil wells were drilled in this area. Its Tangleflags is characterized by multiple-zone reservoirs with production from the Colony, McLaren, Waseca, Sparky, General Petroleum and Lloydminster formations. During 2011, Baytex drilled 11 horizontal oil wells in the Lloydminster formation. During 2011, average production was approximately 1,763 barrels per day of heavy oil and 543 thousand cubic feet per day of natural gas.
Alberta/B.C. Business Unit
The Alberta/B.C. Business Unit possesses a range of light oil, heavy oil and natural gas properties. During 2011, the Alberta/B.C.! Business! Unit produced light and heavy gravity crude oil, natural gas, and natural gas liquids from fields in Alberta and British Columbia and accounted for approximately 58% of production. During 2011, production from this business unit averaged 27,833 barrel of oil equivalent per day, which was comprised of 15,425 barrels per day of heavy oil, 5,282 barrels per day of light oil and NGL and 42.8 million cubic feet per day of natural gas. During 2011, the Alberta/B.C. Business Unit participated in the drilling of 71 wells resulting in 61 oil wells, one natural gas well, seven stratigraphic test wells, one service well and one dry and abandoned well. As of December 31, 2011, its net undeveloped lands in this business unit totaled approximately 474,000 acres. During 2011, production from Bon Accord area was averaged approximately 905 barrels per day of light oil and 1,742 million cubic feet per day of natural gas. Natural gas is processed at two Baytex-operated plants and oil is treated at three Baytex-operated batteries. During 2011, in this area, Baytex drilled 11 horizontal Viking oil wells. As of December 31, 2011, Baytex had 18,300 net undeveloped acres in this area.
The Company�� Darwin/Nina/Goodfish/Lafond, Alberta produces natural gas from the Bluesky formation. During 2011, production averaged approximately 3,746 million cubic feet per day of natural gas. As of December 31, 2011, Baytex had 27,300 net undeveloped acres in this area. During 2011, the Company�� Leahurst, Alberta produced averaged approximately 2,633 million cubic feet per day of natural gas and 13 barrels per day of NGL from this multi-zone, year-round access area. Natural gas production from the Edmonton, Belly River, Viking and Mannville formations is processed. Baytex holds a total of 263 net sections of oil sands leases in the Peace River oil sands area, which includes the legacy Seal area and the Reno area. During 2011, production from the Peace River area was 15,425 barrels per day, which was comprised of 13,746 barr! els per d! ay from Seal and 1,679 barrels per day from Reno. During 2011, Baytex drilled 25 cold horizontal production wells and seven stratigraphic test wells at Seal and two cold horizontal production wells at Reno. The Peace River area includes 152,500 net undeveloped acres, including 57,000 net undeveloped acres at Seal and 95,500 net undeveloped acres at Reno.
During 2011, the Company�� Pembina production averaged 2,633 barrels per day of light oil and NGL and 22,428 million cubic feet per day of natural gas. During 2011, Baytex participated in drilling 19 wells in this area, resulting in 17 oil wells, one natural gas well, and one dry and abandoned well. During 2011, Pembina area drilling included five operated and 12 non-operated Cardium horizontal wells and completed with multi-stage fracture stimulations. During 2011, the Company�� production from Red Earth area averaged approximately 42 million cubic feet per day of natural gas and 522 barrels per day of light oil and NGL. During 2011, the Company�� Richdale/Sedalia property�� production averaged approximately 3,845 million cubic feet per day of natural gas and eight barrels per day of NGL. During 2011, the Company�� production from Stoddart area averaged approximately 4,498 million cubic feet per day of natural gas and 713 barrels per day of oil and NGL. During 2011, production from Turin was averaged approximately 345 barrels per day of oil and NGL and 856 million cubic feet per day of natural gas. Production is from the Second White Specks, Milk River, Bow Island, Mannville, Sawtooth and Livingstone formations.
United States Business Unit
During 2011, the Company focused its activities on the light oil resource play located in the Divide and Williams Counties of North Dakota. Production is from horizontal wells using multi-stage hydraulic fracturing in the Bakken and Three Forks formations. As of December 31, 2011, Baytex owned approximately 61,000 (24,800 net) developed acres. During 2011, Baytex parti! cipated i! n the drilling of 34 Bakken/Three Forks oil wells. During 2011, net production from the United States properties averaged 1,341 barrels of oil equivalent per day.
Advisors' Opinion:- [By Robert Rapier]
There are a number of quality Canadian E&P companies that are attractive at current prices. Among my favorites are Baytex Energy (NYSE: BTE, TSE: BTE), Cenovus Energy (NYSE: CVE, TSE: CVE) and Canadian Natural Resources (NYSE: CNQ, TSE: CNQ) I also like Peyto Exploration & Development (TSE: PEY, OTC: PEYUF) for aggressive investors. We have often discussed putting Peyto in one of the portfolios, but I would ideally like it a bit cheaper.
- [By GURUFOCUS]
Canadian Trusts- Baytex Energy Trust (BTE) | Yield: 6.1%
- Enerplus Resources Fund (ERF) | Yield: 5.6%
- Pengrowth Energy Trust (PGH) | Yield: 7.1%
Top Electric Utility Stocks To Buy Right Now: OCI Partners LP (OCIP)
OCI Partners LP, incorporated on February 07, 2013, owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont. The Company is a methanol producer in the United States with an annual methanol production capacity of approximately 730,000 metric tons and an annual ammonia production capacity of approximately 265,000 metric tons, and it is in the early stages of a debottlenecking project that increases its annual methanol production capacity by 25% to approximately 912,500 metric tons and its annual ammonia production capacity by 15% to approximately 305,000 metric tons.
Both methanol and ammonia are global commodities that are essential building blocks for numerous end-use products. Methanol is a liquid petrochemical that is used in a variety of industrial and energy-related applications. Methanol is used in industrial applications to produce adhesives used in manufacturing wood products, such as plywood, particle board and laminates, resins to treat paper and plastic products, paint and varnish removers, solvents for the textile industry and polyester fibers for clothing and carpeting. Methanol is also used outside of the United States as a direct fuel for automobile engines, as a fuel blended with gasoline and as an octane booster in reformulated gasoline. In the United States, ammonia is primarily used as a feedstock to produce nitrogen fertilizers, such as urea and ammonium sulfate, and is also directly applied to soil as a fertilizer. In addition, ammonia is widely used in industrial applications, particularly in the Texas Gulf Coast market, including in the production of plastics, synthetic fibers, resins and numerous other chemical compounds.
Advisors' Opinion:- [By Robert Rapier]
OCI Partners (Nasdaq: OCIP) owns and operates OCI Beaumont, an integrated methanol and ammonia production facility on the Texas Gulf Coast. OCI Beaumont has a methanol production capacity of 730,000 metric tons (MT) per year and an ammonia production capacity of 265,000 MT per year. The facility is in the middle of a debottlenecking project that will increase its annual methanol production capacity by 25 percent and its annual ammonia production capacity by 15 percent.
- [By Paul Ausick]
Stocks on the Move: Potbelly Corp. (NASDAQ: PBPB) is up 119.1% at $30.68 after a blistering IPO at $14 a share. OCI Partners LP (NYSE: OCIP) is up 5.6% at $19.01 after an IPO at $18.00 a share. Cherry Hill Mortgage Investment Corp. (NYSE: CHMI) is down 7.6% at $18.48 following its IPO on Friday morning. Discovery Laboratories Inc. (NASDAQ: DSCO) is up 37.1% at $2.70 following approval of updated specifications for a drug to prevent respiratory distress in premature infants. Forest Oil Corp. (NYSE: FST) is down 9.7% at $5.74 following the sale of $1 billion worth of assets in the Texas panhandle.
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