Analysis: Renewable investments have walloped oil and gas over the past five years

first_imgAnalysis: Renewable investments have walloped oil and gas over the past five years FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Renewable energy stocks have punched well above their weight over the past five years, an analysis by S&P Global Market Intelligence found, with the biggest players tripling in value in that period as oil and gas production company stocks held steady.An equally weighted basket of the 20 largest publicly traded stocks of North American companies that make and sell renewable power — geothermal, wind and solar energy sellers — gained 201% over the past five years as of Aug. 31. Meanwhile, the equally weighted value of the 73 firms in S&P’s Oil & Gas Exploration and Production Index—energy providers—gained 2% over the same period.Of the 20 renewable stocks, with a total market value of $34 billion, 65% gained in value over the five years, while only 30% of the 73 S&P oil and gas index companies, a group totaling $1.36 trillion in market cap, were in positive territory after five years. The broader benchmark S&P 500 index grew 40% over the five years.A 35% slide in the price of crude oil has not helped the E&P stocks, which are historically closely tied to the commodity, while renewable stocks have tracked more closely with the tech sector, said Deanna Zhang, an energy tech and renewables analyst for the energy investment bank Tudor Pickering Holt & Co.Raymond James & Associates Inc. oil and gas analyst Pavel Molchanov agreed that the market rewards high-growth stocks and renewables. Largely based on new and improving technologies, renewable energy companies are benefiting from the same trend that has exploded the value of such high-tech issues as Inc. and Facebook Inc.“It is not surprising that renewable stocks have outperformed the E&P index over the past five years,” said Vishal Shah, a partner with Hudson Sustainable Investments LLC, a $3 billion private equity fund. “[A] combination of positive industry fundamentals and favorable global policy support have resulted in this outperformance for renewables. Corporate renewables and storage plus renewables, along with the strong growth of distributed generation, are the main drivers for strong fundamentals in the renewables sector for power generation,” Shah said.More ($): Renewable premium: Wind, solar stocks soar as oil prices constrain drillerslast_img read more

Remodeled Bethpage Colonial Asks $639,000

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York This recently remodeled, potential mother/daughter Colonial conveniently located within walking distance of nearby shops and restaurants is a must-see property listed for sale at 82 Sherman Ave. in Bethpage.Built in 1938, this four-bedroom home has two bathrooms, two half bathrooms and two eat-in kitchens. Upgrades were made within the past two years to the fully finished basement, kitchens and bedrooms and the roof was replaced four years ago.The house comes equipped with two living rooms, central air conditioning, a patio and fenced-in backyard.The property is located eight blocks from downtown Bethpage, several local parks and the Bethpage Long Island Rail Road station. It’s less than a mile from the Seaford-Oyster Bay Expressway. And it’s within the award-winning Bethpage School District.The asking price is $639,000, not including the annual property taxes of $10,786.The real estate agent listed for the property is Donna Lee Hickey of Century 21 Catapano Homes. She can be reached at 516-938-0021.last_img read more

I ‘ll Deliver Best Ever FIFA Goal Project in Ugborodo-Escravos, Says…

first_img“We are going to deliver the best ever FIFA Goal Project. It will be the first of it’s kind amongst the riverine communities in the Niger Delta,” pledged Egbe.Earlier during the visit, Pinnick had solicited the cooperation of the host community for the project to be built for the teeming youths of the area o benefit.Pinnick intimated the Paramount Ruler of Ugborodo that world soccer governing body, FIFA has given approval for work to commence on the project in the community.The former CAF Vice President called on the host community to create a conducive environment for the contractor to deliver the project on time.On his part, the Paramount Ruler of Ugborodo community who spoke through the chairman of the interim community committee thanked FIFA and the NFF for the rare privilege and assured them that all necessary support will be provided for the actualisation of the project.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Pinnick and Ebi Egbe in Ugborodo Sports facility Expert, Ebi Egbe, has promised that his company would deliver the best ever FIFA Goal Project in Ugborodo-Escravos in Warri South Local Government Area of Delta State.Egbe who is the Chief Executive Officer of Monimichelle, the unarguably best football playing pitch contractors in the country at the moment, accompanied NFF President., Amaju Melvin Pinnick, on a visit to the community early this week.He promised that the location of the project was fantastic as it would be nice to see football being played close to the Atlantic ocean.last_img read more

Lakers training camp: Five biggest storylines

first_img Newsroom GuidelinesNews TipsContact UsReport an Error 2. What will training camp do for Mike D’Antoni?The Lakers coach never received that luxury after replacing Mike Brown five games into last season. The Lakers’ talent dropped this offseason with Dwight Howard’s departure and Metta World Peace being let go in a cost-cutting measure. But the Lakers acquired pieces more suited for D’Antoni’s pick-and-roll, fast-paced system, including Chris Kaman, Nick Young, Wesley Johnson and Jordan Farmar. The verdict remains undecided whether the Lakers can overcome such variables. But the chemistry should likely improve this season with more time to go over D’Antoni’s concepts. 3. Will Pau Gasol have a breakout season?It appears Gasol will head into the 2012-13 season without any external circumstances diminishing his value. The Lakers expect Gasol to be fully healthy after missing 33 games last season due to various ailments, including plantar fascia in his right foot, concussion and knee tendinosis. Gasol will also have an enhanced role in the post after playing as a facilitator to make room for Howard and Andrew Bynum in separate seasons to have larger roles. With those dynamics gone, the Lakers envision Gasol becoming the same player that helped the Lakers to two NBA championships and three consecutive Finals appearances. Very few times do the Lakers head into a season without the general public expecting an NBA championship. But with the Lakers beginning training camp today, plenty of intriguing storylines remain. Below are a look at the main ones.1. How will Kobe Bryant’s recovery go?The Lakers haven’t offered a definitive timetable on when Bryant will return to the court after spending the past five months healing his surgically repaired left Achilles tendon. He’s still running on a weight-bearing treadmill and must progress toward basketball-related drills before taking the court. Don’t expect Bryant to practice in training camp, or participate in many of the Lakers’ eight preseason games. Knowing Bryant’s competitiviness, though, it’s possible he’ll return for the Lakers’ season opener Oct. 29 against the Clippers at Staples Center. center_img 4. Can Steve Nash become an elite point guard again?The refrain played in the Lakers’ head after nearly every loss and every botched pass: “If only Steve Nash were healthy.” The Lakers thought this plenty of times considering Nash sat out a combined 32 games last season, first because of a fractured left leg followed by hamstring and back issues. Without him, the Lakers’ offense hardly resembled the Mike D’Antoni system that Nash ran with perfection through four seasons with Phoenix. Nash has since fully recovered from his injuries. But for the sake of maximizing his health, the Lakers plan to limit him both practice and games. 5. Training camp will feature plenty of competition.The reasons go beyond wanting to rectify last season’s first-round loss to the SAn Antonio Spurs. The Lakers have plenty of positions to iron out. Steve Blake and Farmar will compete for the backup point guard spot. Young and Johnson are fighting for a starter’s role. The Lakers’ training camp roster also features seven players either with non-guaranteed or partially guaranteed deals, including Shawne Williams (partial), Elias Harris (partial), Xavier Henry (non guarantee), Ryan Kelly (non guarantee) and Marcus Landry (non guarantee).last_img read more