Trump May Open the Hormuz, But He Can’t Prevent Next Oil Shock
benzinga_article·- Natural-resource investor Rick Rule warns that while potential geopolitical settlements may calm spot oil prices, they cannot prevent an impending global supply shortage expected around 2029 and 2030. - The root cause is a massive global underinvestment in sustaining capital, compounded by capital management choices prioritizing dividends over reserve replacement and rising development costs in US shale. - Rule recommends investing in operators that resist this liquidation logic and maintain long-life assets, such as Exxon Mobil, Devon Energy, and Canadian Natural Resources.TSX Little Changed by Close
Baystreet·- Canada's TSX closed virtually unchanged at 36,136.31 amid ongoing Middle East uncertainty and mixed corporate earnings reports. - Several companies, including Canadian Natural Resources and Shopify, reported strong quarterly results that influenced individual stock movements. - Wall Street indices also experienced mixed trading sessions, with the Dow Jones dropping 463.96 points due to declines in specific major equities.TSX Deep in Red by Noon
Baystreet·- Canada's main stock index retreated 52.03 points to 36,094.39 by noon on Thursday, pressured by losses in mining and technology shares amid investor assessment of a potential U.S.-Iran peace deal and corporate earnings. - Eight of the 12 TSX subgroups declined, led by a 2% drop in information technology, while individual corporate reporters like Canadian Natural Resources and Shopify posted varying quarterly results and stock movements. - On Wall Street, the S&P 500 and NASDAQ edged higher while the Dow Jones Industrials dropped 290.7 points, as traders monitored Middle East developments and processed mixed earnings from major technology firms.TSX Gathers Steam at Outset
Baystreet·- Canada's main stock index opened higher at 36,220.12 points on Thursday, driven by gains in the telecom and financial sectors alongside positive corporate earnings reports. - Major companies including Canadian Natural Resources, AtkinsRéalis, and Shopify posted favorable quarterly results or revenue forecasts that boosted their respective stock prices. - Wall Street indices showed mixed movement with the S&P 500 and NASDAQ advancing as investors evaluated corporate reports and Middle East geopolitical developments.