The 10th U.S. Circuit Court of Appeals in Denver lifted an emergency injunction Friday that it had issued in November after animal protection groups appealed the ruling of a federal judge in Albuquerque. The judge said the U.S. Department of Agriculture followed proper procedure in issuing permits to Valley Meat Co. in Roswell, N.M., Rains Natural Meats of Gallatin, Mo., and Responsible Transportation in Sigourney, Iowa.
The appeals court's order Friday said the groups "failed to meet their burden for an injunction pending appeal."
Top 10 Wireless Telecom Stocks To Watch Right Now: Carrizo Oil & Gas Inc.(CRZO)
Carrizo Oil & Gas, Inc., an independent energy company, engages in the exploration, development, and production of oil and gas in the United States and the United Kingdom. The company holds interest in crude oil and liquids plays in the Eagle Ford Shale in south Texas; the Niobrara Formation in Colorado; the Utica Shale in Ohio and Pennsylvania; and the Huntington Field in the U.K. North Sea. It also owns interest in natural gas plays in the Barnett Shale in North Texas; and the Marcellus Shale in Pennsylvania, New York, and West Virginia; as well as in the onshore Gulf Coast area and the Camp Hill field in Texas. As of December 31, 2011, the company had a proved oil and gas reserves of 935.6 billion cubic feet equivalent comprising 728 billion cubic feet of natural gas; 30.5 million barrels of oil or other liquid hydrocarbons (MMbbls) of oil and condensate; and 4.1 MMbbls of natural gas liquids, as well as operated 349 gross producing oil and gas wells. Carrizo Oil & Gas, Inc. was founded in 1993 and is based in Houston, Texas.
Advisors' Opinion:- [By Richard Moroney]
Carrizo Oil & Gas (CRZO) focuses on proven shale properties in Colorado, Ohio, Pennsylvania, and Texas. Its Eagle Ford operations, which span more than 50,000 drillable acres in Texas, have estimated oil and gas reserves of 173 million barrels, or about 42% of Carrizo's total.
- [By The Energy Report]
TER: In one of your recent newsletters listing your favorites in the Utica, you had ranked Gulfport as the first in the Utica but Rex Energy second and Carrizo Oil & Gas Inc. (CRZO) third. How does Carrizo fit in here?
- [By Aimee Duffy]
Production results have fueled record numbers for producers big and small, including EOG Resources (NYSE: EOG ) and Carrizo Oil & Gas (NASDAQ: CRZO ) . EOG is the largest producer in the play, and production has exceeded management's expectations, reaching 153,000 barrels of oil equivalent per day by the end of the first quarter of this year. Carrizo is a much smaller operation, but its production has also exceeded management's expectations, reaching 9,500 bpd in the second quarter.
- [By Robert Rapier]
Eagle Ford crude driller Carrizo Oil & Gas (Nasdaq: CRZO) is up nearly 14 percent since we added it to the Aggressive Portfolio on Dec. 11, and here too there was no company-specific news. Rather, Carrizo appears to have benefited from the end in mid-December of the sharp autumn correction in drillers’ share prices.
Best Net Payout Yield Stocks To Own For 2014: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Aaron Levitt]
Realizing the error of its ways — i.e. spinning off its oil division as Cenovus (CVE) in 2009 — EnCana (ECA) has been spending much of the past year reinventing itself as a more balanced energy play rather than a strictly natural gas one. That has meant adding more liquids and shale oil back into its production mix.
- [By Richard Zeits]
Earlier this year, after almost a year of active but unsuccessful marketing of a Mississippian Lime Joint Venture and following several mixed test results, Encana Corporation (ECA) designated its ~320,000 net Mississippian Lime acres in Kansas for sale. In July, Encana followed with a decision to divest its remaining acreage in Osage County in Oklahoma, including seven producing wells.
Best Net Payout Yield Stocks To Own For 2014: Lakeland Industries Inc (LAKE)
Lakeland Industries, Inc. (Lakeland), incorporated on April 30, 1986, manufactures and sells a line of safety garments and accessories for the industrial protective clothing markets. Lakeland�� product categories include limited use/disposable protective clothing, chemical protective suits, fire fighting and heat protective apparel, fire fighting and heat protective apparel, reusable woven garments, high visibility clothing and glove and sleeves. The Company�� industrial customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories. In addition, Lakeland supplies federal, state and local governmental agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control.
Limited Use/Disposable Protective Clothing
Lakeland manufactures a line of limited use/disposable protective garments, including coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps and smocks. Limited use garments can also be coated or laminated to splash protection against harmful inorganic acids, bases and other hazardous liquid and dry chemicals. Limited use garments are made from several nonwoven fabrics, which are made of spunlaced polyester, polypropylene, laminates, micropourous films and derivatives. Lakeland incorporates many seaming, heat sealing and taping techniques depending on the level of protection needed in the end uses application.
The users of these garments include integrated oil/petrochemical refineries, chemical plants and related installations, automotive manufacturers, pharmaceutical companies, construction companies, coal, gas and oil power generation utilities and telephone utility companies, laboratories, mortuarie! s and governmental entities. The Company warehouses and sells its limited use/disposable garments primarily at its Decatur, Alabama and China manufacturing facilities and secondarily from warehouses in Hull, United Kingdom; Sao Paulo, Brazil; Toronto, Canada; Buenos Aires, Argentina; Santiago, Chile; Moscow, Russia; Ust-Kamenogorsk, Kazakhstan; Las Vegas, Nevada, and Sinking Spring, Pennsylvania.
High-End Chemical Protective Suits
Lakeland manufactures and sells protective chemical suits and protective apparels from its CRFR, ChemMax 3, 4, Interceptor and other fabrics. These suits are worn by individuals on hazardous material teams and within general industry to provide protection from concentrated and lethal chemical and biological toxins, such as toxic wastes at super fund sites, toxic chemical spills or biological discharges, chemical or biological warfare weapons and chemicals and petro-chemicals present during the cleaning of refineries and nuclear facilities.
Lakeland has also introduced two garments approved by the National Fire Protection Agency (NFPA) for varying levels of protection, which include Interceptor, two multilayer films laminated on either side of durable nonwoven substrate, and ChemMax 4 is a multilayer barrier film laminated to a durable nonwoven substrate. Lakeland manufactures chemical protective clothing at its facilities in Decatur, Alabama, Mexico and China. Using fabrics, such as ChemMax 1, ChemMax 2, ChemMax 3, ChemMax 4 and Interceptor, Lakeland designs, cut, glue and /or sews the materials to meet customer purchase orders.
Fire Fighting and Heat Protective Apparel
The Company manufactures a line of products to protect individuals who work in heat environments. Lakeland's heat protective aluminized fire suit product lines include kiln entry suit, proximity suits and approach suits. Lakeland manufactures fire fighter protective apparel for domestic and foreign fires departments. Lakeland developed the 32-! inch coat! high back bib style (Battalion) bunker gear.
Gloves and Sleeve Products
The Company manufactures and sell glove and sleeve protective products made from Kevlar, a cut and heats resistant fiber produced by DuPont; Spectra, a cut resistant fiber made by Honeywell and its engineered yarns. Lakeland manufactures these string knit gloves primarily at its Mexican facility.
Reusable Woven Garments
Lakeland manufactures and markets a line of reusable and washable woven garments. The Company's product lines include electrostatic dissipative apparel, clean room apparel, flame resistant Nomex/FR Cotton coveralls/pants/jackets and cotton and polycotton coveralls, lab coats, pants and shirts. Lakeland manufactures and sells woven cloth garments at its facilities in China, Mexico and Decatur, Alabama.
High Visibility Clothing
Lakeland Reflective manufactures and markets a line of reflective apparel. The line includes vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats and gloves. Lakeland's domestic vest production occurs at Sinking Spring, Pennsylvania. Much of the manufacturing at this facility is focused on custom vest requirements. In addition to ANSI Reflective items, Lakeland Hi-Visibility manufactures Nomex and FR cotton garments which have reflective trim as a part of their design criteria. These garments are used in rescue operations, such as those encountered with a vehicular crash.
The Company competes with DuPont, Kimberly Clark, Ansell Edmont and Honeywell.
Advisors' Opinion:- [By Geoff Gannon] ADDvantage (AEY). How you feel about how those companies use working capital has a lot to do with whether or not you like those stocks long-term.
Then there are companies that have increased working capital very, very fast over the last decade or so ��but they��e also increased sales at a startling clip.
That�� Carbo.
Let�� look at where the difference between EBITDA and operating cash flow is coming from.
Cash flow from others as shown on GuruFocus�� 10-year financials page for Carbo ��I��l use this as a proxy for working capital changes ��was positive in only two years. And not by much. Usually, it�� been negative. Over the 10 years, that single line has added up to a negative $173 million. Wow.
Okay. Then there�� the difference between free cash flow and owner earnings. Owner earnings as you��l remember is Warren Buffett�� calculation of what a business could pay out to owners in cash at the end of the year ��if it stopped growing. But didn�� shrink. More on that later. For now, let�� look at the difference between Carbo�� depreciation and Carbo�� spending on property, plant and equipment.
Over the last 10 years, cap-ex has been: $546 million (or $425 million if you allow cap-ex to provide cash flow in certain years, this is a weird issue I don�� want to touch right now)
And over the last 10 years, depreciation has been: $201.52 million
That�� a big gap. We��e got some combination of Carbo underreporting economic depreciation by anywhere from $225 million to $350 million or so ��or we��e got Carbo investing something like $225 million to $350 million in growth.
Which is it?
Let�� check the growth angle first.
Over the last 10 years, Carbo has grown total sales by just under 18% a year. Now, I happen to know their new product development record had not been so hot during the 1990s or earlier part of the 2000s. For about 15 years they spent on R&D without
Best Net Payout Yield Stocks To Own For 2014: Housing Development Finance Corporation Ltd (HDFC)
Housing Development Finance Corporation Limited is financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes in India. The Company has a network of approximately 330 offices (which includes 83 offices of its wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). Its product range includes loans for purchase and construction of a residential unit, purchase of plot, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property, while its flexible repayment options include Step Up Repayment Facility (SURF) and Flexible Loan Installment Plan (FLIP). Advisors' Opinion:- [By MONEYMORNING.COM]
Vanguard favors India with investments in Infosys Ltd. (NSE: INFY), Reliance Industries Ltd. (NSE: RELIANCE), and Housing Development Finance Corp. Ltd. (NSE: HDFC) ranking among its top 20.
Best Net Payout Yield Stocks To Own For 2014: Endocan Corp (ENDO)
Endocan Corp, formerly The X-Change Corporation, incorporated on October 4, 2000, offers nutraceuticals and cosmetics in the United States. The Company provides lip balms, eczema moisturizing cream, sunscreen, and anti-ageing serum under the Phytiva brand name. The Company specializes in developing all natural, organic, bio hemp health, beauty, and cosmetics products.
The Phytiva serum uses only natural ingredients, including, but not limited to, hemp oil extract. The Company specializes in Cannabinoid-based extracts and products that target medical cannabis, nutraceutical, cosmeceutical, and social usage solutions through multiple Phytiva Brand product lines, products, and services.
Advisors' Opinion:- [By Peter Graham]
Next Generation Energy Corp (OTCMKTS: NGMC) and Dutch Gold Resources, Inc (OTCMKTS: DGRI) are the latest small cap stocks to announce their entry into the marijuana business while peer Endocan Corp (OTCMKTS: ENDO) sees some paid promotions or investor relations activities, but otherwise remains quiet. So will investors and traders alike achieve a high with any of these small cap marijuana stocks? Here is a quick reality check:
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