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Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the full breakdown of what to watch… Chart of the Week – The Texas blackouts came from a steep drop in generation from gas, coal, wind and nuclear power. – Natural gas typically can supply 40 GW of capacity at peak periods, but frozen gas lines, wellheads, and other damage to infrastructure led to widespread outages. – The mismatch between supply and demand grew to as much as 30 GW on February 15. Market Movers – SunPower (NASDAQ: SPWR) was downgraded by Credit Suisse to Underperform. The solar company’s stock sank by 9.6% during midday trading on Monday. – Electric truck maker Xos will go public with a blank-check SPAC, valued at $2 billion. – Mizuho Securities downgraded Sunoco (NYSE: SUN) to Neutral from Buy. Tuesday, February 23, 2021 Oil prices were off a bit in early trading on Tuesday, but are nonetheless trading close to more than one-year highs after soaring on Monday. The price hike comes shortly after Goldman Sachs forecast that oil prices would climb into the $70s over the […]
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