"We are truly defining the quality of life for our children," Christina Figueres, the U.N.'s executive secretary for climate, told USA TODAY on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland. "We have to do everything we can because there is no plan B because there is no planet B," she said.
"I fully intend my grandchildren and great-grandchildren to be able to live on this planet. This job is a sacred responsibility," Figueres said.
Figueres' comments to USA TODAY come as assembled leaders in the Swiss ski resort are being urged to invest more extensively in cleaner energy sources in order to obviate the most pernicious affects of climate change.
5 Best Consumer Stocks To Invest In Right Now: Oceaneering International Inc.(OII)
Oceaneering International, Inc., together with its subsidiaries, provides engineered products and services primarily to the offshore oil and gas industry with a focus on deepwater applications. The company?s Remotely Operated Vehicles segment provides submersible vehicles operated from the surface to support offshore oil and gas exploration, production, and construction activities. Its Subsea Products segment supplies various built-to-order specialty subsea hardware products. The company?s Subsea Projects segment provides multiservice vessels, oilfield diving, and support vessel operations, which are used primarily in inspection, repair, and maintenance and installation activities; and mobile offshore production systems. Its Inspection segment offers customers with a range of third-party inspection services to satisfy contractual structural specifications, internal safety standards, and regulatory requirements. The company?s Advanced Technologies segment offers project management, and engineering services and equipment for applications in non-oilfield markets. Oceaneering International, Inc. also serves defense and aerospace industries. It operates primarily in west Africa, Norway, the United Kingdom, Asia, Australia, Brazil, and the United States. The company was founded in 1965 and is based in Houston, Texas.
Advisors' Opinion:- [By Aaron Levitt]
But given the company’s exposure, those hefty revenue and profit gains could be just for the beginning for SM Energy and SM stock investors. Meanwhile, its midcap size makes it perfect for a buyout.
Midcap Energy Stocks To Buy #4: �Oceaneering International (OII)It takes a lot of technology and know-how in order to drill in the ultra-deep water of the world. For the energy stocks providing those services, it can mean some huge profits. For Remotely Operated Vehicles (ROVs) specialist Oceaneering International (OII), it can mean record profits.
- [By Matthew Frankel]
Other companies like Oceaneering (NYSE: OII ) , that provide engineering and maintenance services to deepwater rigs should have a steadily increasing stream of income as more new rigs are built and the current fleet ages and needs repairs. The company has a unique product mix that includes remotely operated vehicles that can get to parts of a rig that are very deep, customized subsea hardware, and engineering and project management services.
- [By Jeremy Bowman]
What: Shares of Oceaneering International (NYSE: OII ) were rising with the tide today, gaining as much as 10% after delivering a strong quarter and a healthy dividend hike.
- [By David Smith]
Oceaneering International� (NYSE: OII )
Once a diving company,�Oceaneering now operates�through four separate segments: subsea projects, subsea products, asset integrity, and remotely operated vehicles. The company remains the only manufacturer of a full range of subsea umbilical systems. But it's the ROV unit that garners much of the attention for Oceaneering today.
Best Quality Stocks To Own Right Now: Transocean Inc.(RIG)
Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. The company also offers well and logistics services. In addition, it engages in oil and gas exploration, development, and production activities primarily in the United States offshore Louisiana and Texas, and in the United Kingdom sector of the North Sea. As of February 10, 2011, the company owned, had partial ownership interests in, and operated 138 mobile offshore drilling units, including 47 high-specification floaters, 25 midwater floaters, 9 high-specification jackups, 54 standard jackups, and 3 other rigs, as well as 1 ultra-deepwater floater and 3 high-specification jackups under construction. Transocean Ltd. was founded in 1953 and is based in Zug, Switzerland.
Advisors' Opinion:- [By kcpl]
Transocean (RIG) is the world's largest offshore drilling contractor, with leading market share in the deepwater and harsh environment drilling segments. The company owns and operates a fleet of high-specification floaters, midwater floaters and high-specification jackups. Considering the present scenario in the supply of rigs, the earnings of Transocean might see a decline in the short term due to the ongoing oversupply of rigs. The demand for rigs is expected to remain stagnant during 2014, and this presents a big challenge for Transocean.
- [By Tom Stoukas]
Transocean Ltd (RIG), the world�� largest supplier of offshore oil rigs, posted the biggest gain on the SMI, rising 1.4 percent to 41.26 francs.
- [By Dan Caplinger]
Seadrill has done an excellent job of taking advantage of a huge boom in deepwater drilling activity. With the number of new finds below 4,000 feet of water in 2012 crushing the old record by 40%, there's been more than enough business for the entire industry. Rival Transocean (NYSE: RIG ) has managed to increase its backlog of business to $28.5 billion as of April, while Seadrill's latest total stood at $21 billion. That backlog has given Seadrill the flexibility to embark on a massive building project, seeking to extend its reach with nearly two dozen rigs under construction, including seven ultra-deepwater drillships. With dayrates climbing above the $600,000 mark, those new ships should help expand profits once they come on line for Seadrill.
- [By Ben Levisohn]
Last week, Barclays issued a very bearish report on offshore drillers, including Transocean (RIG), Seadrill (SDRL) and�Atwood Oceanics�(ATW). This week, Raymond James added its voice to the growing chorus of naysayers.
Associated PressRaymond James analyst Collin Gerry and team explain why they’re bearish in the short-term–and why it’s too early to step in and buy:
Welcome to a typical oilfield cycle: step 1) attractive newbuild returns entice new capacity; step 2) newbuild capacity delivers as demand begins to soften; and step 3) pricing and utilization suffer. This is not new to the oilfield services sector and it appears the offshore drillers are set to experience a cyclical downturn. Over the past several years, the market has easily absorbed robust newbuild activity without affecting pricing. Going forward, demand growth is decelerating as newbuild supply is accelerating which likely creates utilization and pricing sloppiness.
Though stocks are screening cheaper, we believe it is too early to step in and buy: Are we piling on too late? Honestly, kind of. Offshore drillers already underperformed the OIH by 20% since late 2012. However, valuations currently offer little downside support. In addition, we fear the headline risk of continued dayrate and utilization sloppiness. Longer term: It is very important not to abandon this space.
As a result, Gerry cut Atwood Oceanics, Ensco (ESV) and Noble Energy (NE) to Market Perform from Outperform. He raised Rowan (RDC) to Outperform from Market Perform. Rowan was also a favorite of Barclays.
Shares of Atwood have dropped 4.3% to $45.35, while Ensco has fallen 2.1% to $49.30, Noble has declined 1% to $30.72, Rowan has ticked up 0.1% to $31.41, Seadrill has dropped 0.7% to $35.46 and Transocean is off 1.9% at $42.48.
Best Quality Stocks To Own Right Now: Medbox Inc (MDBX.PK)
Medbox Inc. (Medbox) offers a machine that dispenses medication to individuals based on biometric identification (fingerprint sample). The machine allows pharmacies, hospitals, doctors' offices, and alternative medicine clinics to manage employee possession of sensitive drugs. The system also allows these clinics to demonstrate that the user visiting the machine is a registered patient and that the patient has a valid and unexpired authorization from a physician to possess and use the medicine dispensed. The Company has national and international presence with offices in Los Angeles, New York, Toronto, London and Tokyo.
Medbox, through its subsidiaries, offers consulting services to the alternative medicine industry, as well as to the mini self-storage market. The Company provides consulting services primarily to individuals and groups seeking to establish new clinics and facilities, often in jurisdictions that have recently passed legislation concerning th e availability of alternative medicines, as well as existing jurisdictions, nationwide.
Advisors' Opinion:- [By Alan Brochstein]
Taking into account all of the data I have shared, I want to introduce my take on the most important names to follow. My initial list takes into account not only the market cap, but also business model and interest level. These are the stocks that I think merit the most attention (in alphabetical order):
CannaVest (CANV.OB)GW Pharma (GWPH)MedBox (MDBX.PK)Medical Marijuana, Inc. (MJNA.PK)CANV doesn't really trade, as it is held closely by insiders (99.7%, including MJNA). I have a few concerns, including the valuation and some near-term financial challenges typical of a start-up with just one client looking to expand its customer base, but I like the focus and the fact that it is an SEC filer with a relatively clean history (i.e. none of the baggage of some of these other companies). I have spoken to its outsourced CFO and am impressed by his background (has been CFO or held key financial roles at publicly-traded healthcare companies). CANV is the partner to MJNA that is responsible for manufacturing the CBD (Cannibidiol, the cannabinoid in marijuana that is increasingly viewed as offering substantial medical benefits). I am very concerned about the near-term financials, but this is a pure-play with probably a two-year lead over other companies. I don't see a moat in terms of intellectual property or brands, but they have a good lead in terms of sourcing of supply and penetration into potential customers. Quite simply, they don't appear to have competition at present. The company, then, is a call option on CBD demand taking off. It appears that it could be a supplier to even Big Pharma should medical marijuana research move into the mainstream.
Best Quality Stocks To Own Right Now: M&T Bank Corporation (MTB)
M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, such as demand, savings, and time accounts; and financial services, including cash management, payroll and direct deposit, merchant credit card, and letters of credit. The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; one-to-four family residential mortgage loans; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and branch deposits. In addition, it offers foreign exchange, as well as asset management services. Further, the company provides consumer loans, and commercial loans and leases; cred it life, and accident and health reinsurance; and securities brokerage, investment advisory, and insurance agency services. As of December 31, 2009, it had 738 banking offices in New York State, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia; a commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.
Advisors' Opinion:- [By Amanda Alix]
An ongoing slimming process
So, when B of A announced a combined reduction of 411 workers in two Legacy units located in Texas, it wasn't a huge surprise. The bank has recently closed a mortgage servicing location in New York state, and both the building lease and a passel of servicing rights were snapped up by M&T Bank (NYSE: MTB ) , a large northeastern regional anxious to get even bigger and more diverse. Prior to that, Bank of America had laid off more than 50 Legacy unit workers�in California, as well as almost 470 in New Jersey.� - [By Mike Deane]
M&T Bank (MTB) announced its fourth quarter and full year earnings before the bell on Friday, with quarterly GAAP earnings falling from last year’s Q4 while full year earnings rose 11%.
MTB Earnings in Brief
M&T Bank reported quarterly net income of $245.72 million, which was down from last year’s Q4 net income of $296.19 million. The company’s diluted EPS came in at $1.79 for the quarter, down from the $2.23 per diluted common share reported in last year’s Q4 results. MTB missed analysts’ estimates of $1.92 EPS. For the full year, MTB reported EPS of $8.38, marking an 11% increase from last year’s EPS of $7.54CFO Commentary
Rene F. Jones, CFO and executive VP, had the following comments about the company’s earnings: “While expenses were elevated by investments in our infrastructure during 2013, M&T achieved a net operating return on average tangible common shareholders’ equity of 18.17% for the full year.� Our core capital position strengthened, as the Tier 1 common ratio grew to 9.25% at the 2013 year-end, up 17 basis points from September 30 and 168 basis points higher than at December 31, 2012.� We are also pleased with the continued improvement in credit quality.� M&T’s liquidity and risk profile was enhanced during the year through several actions, including replacing less liquid investment securities with Ginnie Mae securities and the securitization of loans held in the loan portfolio.� During the final two quarters of 2013 we invested heavily in several key areas, including risk management, capital planning and stress testing, regulatory compliance, and other operational and technology�initiatives.� Those investments will better position M&T for the future.”
No Dividend Change
MTB did not announce a change to its quarterly dividend, and has not raised its dividend since 2007. It should be noted that MTB did not cut its dividend
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