After falling steadily for most of the week -- a fall finally broken by yesterday's $0.02 hopscotch higher -- shares of MoviePass owner Helios and Matheson Analytics (NASDAQ:HMNY) surged definitively higher on Friday, closing up 34.7% and completing a round trip back to the price it fetched precisely one week ago.
So whatWhy the sudden turnaround? Short covering is certainly one possible explanation. Another is that investors are responding positively to an 8-K filing that the MoviePass owner made with the SEC this morning.
As detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares -- and sparing Helios' other shareholders 4 million shares worth of stock dilution in the process.
As part of the agreement, the acquirers of the new shares have also agreed not to sell any of them before either July 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock -- whichever date comes first.
Best Energy Stocks To Watch For 2021: ENSERVCO Corporation(ENSV)
Enservco Corporation, through its subsidiaries, provides oil field services to the onshore oil and natural gas industry in the United States. It offers well enhancement services, such as hot oiling, acidizing, frac water heating, and pressure testing; fluid management services, including water transfer, water treatment, water/fluid hauling, frac tank rental, and disposal services; and well site construction and roustabout services, as well as other general oilfield services. The company owns and operates a fleet of approximately 340 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the Eastern United States region comprising the Southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain Region consisting of western Colorado and southern Wyoming, central Wyoming, and western North Dakota and eastern Montana; and the Central United States region, including southwestern Kansas, Texas panhandle, northwestern Oklahoma, and the Eagle Ford Shale in south Texas. The company was founded in 1974 and is headquartered in Denver, Colorado.
Enservco (NYSEAMERICAN:ENSV) will be issuing its quarterly earnings data before the market opens on Wednesday, May 9th. Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Thursday, March 22nd. The oil and gas producer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%. The business had revenue of $14.13 million during the quarter. NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds interests in the Donlin Creek property covering 81,361 acres and the Ambler property comprising 90,614 acres located in Alaska; and the Galore Creek property comprising 293,838 acres located in northwestern British Columbia, Canada. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada. Get a free copy of the Zacks research report on Novagold Resources (NG) For more information about research offerings from Zacks Investment Research, visit Zacks.com A number of large investors have recently made changes to their positions in NG. SlateStone Wealth LLC purchased a new stake in NovaGold Resources during the 4th quarter valued at about $49,000. Signition LP purchased a new position in NovaGold Resources during the fourth quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. boosted its position in NovaGold Resources by 42.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after purchasing an additional 7,125 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in NovaGold Resources by 16.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock worth $98,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in NovaGold Resources during the fourth quarter worth approximately $128,000. About NovaGold Resources (NYSEAMERICAN:NG) San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The underlying properties consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 1,154.8 net wells. Compass Bank serves as the trustee of the San Juan Basin Royalty Trust. The company was founded in 1980 and is based in Fort Worth, Texas. Media stories about San Juan Basin Royalty Trust (NYSE:SJT) have trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. San Juan Basin Royalty Trust earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 48.2365151407757 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days. Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas. Stock analysts at Tudor Pickering started coverage on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set a “hold” rating and a $82.49 price target on the oil and gas company’s stock. Tudor Pickering’s target price points to a potential upside of 0.68% from the stock’s previous close. That's seldom true. Just about every company on the planet goes through the occasional slump -- even profit powerhouses like Apple (Nasdaq: APPL). Oil prices are notoriously cyclical, but that hasn't stopped ExxonMobil (NYSE: XOM) from raising dividends for 37 straight years. Or Icahn could be playing the long game, knowing that major oil producers are eyeing the Permian Basin as a long-term source of crude oil. It would be an ideal acquisition target for Exxon Mobil Corp. (NYSE: XOM) or Chevron Corp. (NYSE: CVX) in the future. Several institutional investors and hedge funds have recently made changes to their positions in XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $2,796,142,000. Oregon Public Employees Retirement Fund increased its position in shares of Exxon Mobil by 6,664.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,397,540 shares of the oil and gas company’s stock valued at $460,000 after buying an additional 30,933,358 shares during the period. C WorldWide Group Holding A S bought a new stake in shares of Exxon Mobil during the third quarter valued at about $363,290,000. Morgan Stanley increased its position in shares of Exxon Mobil by 19.6% during the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after buying an additional 3,614,568 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Exxon Mobil by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 52,195,792 shares of the oil and gas company’s stock valued at $3,553,133,000 after buying an additional 3,593,304 shares during the period. Hedge funds and other institutional investors own 53.20% of the company’s stock. Exxon Mobil Company Profile (NYSE:XOM) Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. The company owns interests in four crude oil pipeline systems and two refined products pipeline systems, as well as a crude tank storage and terminal system. Its crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St. James and Clovelly, Louisiana; and Mars pipeline system originating approximately 95 miles offshore in the deepwater Mississippi Canyon and in salt dome caverns in Clovelly, Louisiana. The company's refined products pipeline systems consist of 158-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; and approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals between Houston, Texas and Linden, New Jersey. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Midstream LP Holdings LLC. Shell Midstream Partners LP (NYSE:SHLX)Q4 2018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET Operator BP Midstream Partners has agreed to acquire interests in three assets from BP in a transaction valued at $468 million. The first asset is Mardi Gras, a joint venture (JV) with Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and its MLP, Shell Midstream Partners (NYSE:SHLX), which operates four offshore pipelines. BP Midstream already owned 20% of BP's interest in the JV but will now hold 65% of that stake. It's an important system that the partners have recently expanded so that it can support their new projects in the Gulf. They include Shell's Appomattox platform, which should start up next year, and BP's Thunder Horse North West Expansion, Atlantis Phase three, and Mad Dog 2, which will begin in 2019, 2020, and 2021, respectively. Statements in this Annual Report on Form 10-K, that are not historical in nature should be deemed forward-looking statements that are inherently uncertain. See "Important Information Regarding Forward-Looking Statements" for a discussion of forward-looking statements and factors that could cause actual outcomes and results to differ materially from those projected. As used in this annual report on Form 10-K, the terms "Tesoro," the "Company," "we," "us" or "our" may refer to Tesoro Corporation, one or more of its consolidated subsidiaries or all of them taken as a whole. The words "we," "us" or "our" generally include Tesoro Logistics LP ("TLLP"), a publicly traded limited partnership, and its subsidiaries as consolidated subsidiaries of Tesoro Corporation with certain exceptions where there are transactions or obligations between TLLP and Tesoro Corporation or its other subsidiaries. Advisors' Opinion: A long term performance chart shows Valero Energy Corporation along with large cap peers Marathon Petroleum Corp (NYSE: MPC) and Andeavor (NYSE: ANDV), formerly Tesoro Corporation (NYSE: TSO), all giving a similar performance while mid cap Western Refining, Inc (NYSE: WNR) has varied a bit from its peers:Best Energy Stocks To Watch For 2021: Natural Gas(NG)
Best Energy Stocks To Watch For 2021: San Juan Basin Royalty Trust(SJT)
Best Energy Stocks To Watch For 2021: Exxon Mobil Corporation(XOM)
Best Energy Stocks To Watch For 2021: Shell Midstream Partners, L.P.(SHLX)
Best Energy Stocks To Watch For 2021: Tesoro Corporation(TSO)
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