JUBA, South Sudan (AP) -- Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and that there had been only a temporary slowdown in production.
An official in South Sudan's oil ministry earlier told The Associated Press that Sudan had blocked the export of South Sudanese oil. The official insisted he not be identified because he is not authorized to release the information. But government spokesman Barnabas Marial Benjamin said later that it was only a temporary slowdown.
"It is not really a shutdown," Benjamin said, before explaining a technical process behind storage procedures and valve openings. "But as we speak now P2 is going to be opened later on this afternoon and the oil will continue to flow to reach Port Sudan."
Top Dow Dividend Companies To Buy Right Now: StealthGas Inc.(GASS)
StealthGas Inc., a ship-owning company, through its subsidiaries, provides international seaborne transportation services worldwide. The company transports petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer. It also transports refined petroleum products, such as gasoline, diesel, crude oil, fuel oil, jet fuel, edible oils, and chemicals. As of January 9, 2012, the company had a fleet of 33 liquefied petroleum gas (LPG) carriers with a total capacity of 153,088 cubic meters, 3 medium range product tankers, and 1 Aframax oil tanker. It serves LPG producers comprising national and independent energy companies, energy traders, and industrial users. StealthGas Inc. was founded in 2004 and is headquartered in Athens, Greece.Advisors' Opinion:
- [By James K. Glassman]
Weinstein, however, has a new pick for 2011. It's Stealthgas (GASS), the world's largest company in a narrow sector: the shipment of liquid-petroleum byproducts of natural-gas production, such as propane and butane. The stock trades at just below $5. But company officials estimate the value of StealthGas's assets at $12, so they're using the firm's cash to buy back shares. The company is also "forecasting a tightening of supply versus demand," says Weinstein. Based on the forecasts of analysts who cover the company, the stock trades at 11 times estimated earnings for the next four quarters. Be aware, though, that this is a tiny company (its market value, or shares outstanding times share price, is a mere $106 million), so it is fairly risky.
Top Dow Dividend Companies To Buy Right Now: Telecom Corporation of New Zealand Limited(NZT)
Telecom Corporation of New Zealand Limited, together with its subsidiaries, provides telecommunications services, as well as information, communication, and technology services in New Zealand and Australia. Its products and services include local, national, international, and value-added telephone services; mobile services; data, broadband, and Internet services; IT consulting, implementation, and procurement services; and equipment sales and installation services. The company also involves in the retail of telecommunications products and services. It serves residential, business, and government customers. Telecom Corporation of New Zealand Limited was founded in 1987 and is based in Auckland, New Zealand.Advisors' Opinion:
- [By Chuck Carlson]
Trading for just seven times earnings and yielding a 10% dividend, it's also nice to know that it's a monopoly in New Zealand. And, on top of that, with gold prices soaring, it's worth noting that the currency most closely correlated with gold is the New Zealand currency (affectionately known as the Kiwi dollar), making the company a nice backdoor play on gold.
Top China Stocks To Buy For 2014: General American Investors Inc. (GAM)
General American Investors Company, Inc. is a self management investment trust. The firm invests in the public equity markets across the globe. It employs a fundamental analysis with a bottom-up stock picking approach. General American Investors Company, Inc. was founded in 1927 and is based in New York, New York.
Top Dow Dividend Companies To Buy Right Now: Cred Valtellines(PCVI.MI)
Credito Valtellinese Societa Cooperativa provides financial and investment products and services to private and business customers primarily in Italy. The company offers various investment and bancassurance products, such as savings products, unrestricted deposits, current accounts, certificates of deposit, repurchase agreements, and bonds, as well as life insurance and non life insurance products. It also provides various lending products and services comprising mortgages, credit cards, personal loans, salary backed loans, finance leases, consumer loans, and production household loans. In addition, the company offers various transfer products and services, including a range of services to deposit money, and manage collections and disbursements. As of December 31, 2010, it operated a network of 543 branches in Lombardia, Piemonte, Trentino Alto Adige, Veneto, Emilia Romagna, Toscana, Marche, Umbria, Lazio, and Sicilia, as well as operated 663 ATMs. The company was founded in 1908 and is headquartered in Sondrio, Italy.