|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.3550 - 2.4100|
|52-week range||2.3550 - 2.4100|
|Beta (5Y monthly)||2.94|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Oil prices fell as rising interest rates in the U.S. strengthened the dollar and recession fears loomed.
We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits...
The value of oil and gas stocks dropped on Monday as investors prepare for a Federal Reserve meeting on Wednesday. Hopes from a few weeks ago that short-term interest rates may only rise 50 basis points are almost gone and some analysts are expecting a full 100-basis-point increase, which would be the biggest increase in rates in 40 years. Notable moves came from Occidental Petroleum (NYSE: OXY), which fell as much as 3.3% in morning trading; ExxonMobil (NYSE: XOM), which was down as much as 2.4%; Diamondback Energy (NASDAQ: FANG), which fell 3.6%; and offshore rig owner Transocean (NYSE: RIG), which dropped as much as 4.3%.