I'm not sure if the price of oil has bottomed yet or not, but I decided to pull the trigger today on one of the best bargains I could find in the energy sector. I purchased a few shares of Encana (ECA) for my IRA today at a share price that is the lowest in at least 10 years! Sure the price could drop from here but I doubt it will stay this low for long, especially since they just announced that they will increase CapEx next year. [more]
Maybe it's just me but I attempted to close one of my picks today and then I tried to add a new one (AMBA). I ended up cancelling both after a couple of hours. I tried to close DGLY when it was down earlier in the day but just now when I checked it had reversed course and is up now almost 20% for the day! [more]
While looking for data on average gasoline consumption in 2014, I came across this interesting blog post from National Geographic. [more]
The stock of a small company called Nxt-ID, Inc. (NXTD) is rocketing higher today. This is apparently based on news that the company is planning to do some national TV ads for their new "smart wallet" device called a Wocket. I'm not convinced that this is a stock worth investing in but it looks like about 8 million traders are betting on it today, driving the stock price up nearly 40% over yesterday's closing price.
As far as a little background, investors might want to take note here. From the company’s 2013 annual report: [more]
This is huge news for the ski industry! Vail Resorts (MTN) now offers the Epic Pass valid at 22 ski resorts around the world. They paid just $182.5M in cash for this world class resort in Utah. With plans to build a new chairlift from nearby Canyons resort to Park City the future combined resort will consist of more than 7,000 acres of skiable terrain, making it the largest ski resort in the country. [more]