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The tide may be turning for the worst-performing S&P sector this year PUBLISHED 4 HOURS AGOUPDATED AN HOUR AGO Michael Affigne Trading Nation: Energy catches fire Energy stocks may be fueling up for a comeback rally. Republished by Scott Shields Katy, Scott Shields Houston, www.morganshields.com Geopolitical tensions in Saudi Arabia sent the XLE ETF, which tracks energy stocks, surging over 2% on Monday. Matt Maley, equity strategist trader at Miller Tabak, says this could be energy’s time to shine. “We’re getting in this time of the year, when you get to the last three or four months of the year, that any time an underperforming group and under-owned group — the energy sector is less than 5% of the S&P — when it starts to rally, that attracts a lot of the institutional investors that are looking to make up performance. And the best way to do that is with an under-owned group that’s playing catch-up,” Maley said Monday on CNBC’s “Trading Nation. ” Energy has been the worst

SUSTAINABLE BUSINESS AUGUST 20, 2019 / 1:14 AM / UPDATED 4 HOURS AGO Climate change could rain on Saudi Aramco's IPO parade Clara Denina, Sinead Cruise, Rania El Gamal, Simon Jessop 11 MIN READ LONDON/DUBAI (Reuters) - Saudi Aramco’s biggest asset could also be a liability. Reprinted by Scott Shields Katy, Scott Shields Houston, www.morganshields.com FILE PHOTO: An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels. In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe and the United States, off the oil and gas sec

Surf’s Up: Second wave of LNG is here The long-anticipated “second wave” of liquefied natural gas projects is here as tsunami of final investments decisions get made and construction contracts awarded, executives and analysts said. With construction of export terminals sanctioned during the first wave nearing completion, a second round of large LNG export projects are planned from the Texas Gulf Coast to Africa to the Arctic Circle. A joint venture between Exxon Mobil made a final investment decision in February on the $10 billion Golden Pass LNG export terminal in the southeast corner of Texas. The Woodlands oil and gas company Anadarko reached a final investment in June for the its $20 billion offshore Mozambique LNG project in southeast Africa. Earlier this week, Russian natural gas company Novatek awarded a $7.6 billion construction contract to oilfield service company TechnipFMC to build the Arctic LNG 2 export terminal on the Gydan Peninsula of Siberia. The Arctic Circle pr