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The Dow Nears an All-Time High, and 1 Energy Stock Plummets

The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Joe Magyer and Matt Argersinger dissect the hardest-hitting investing stories of the day.

In today's edition, despite losing some ground today, the Dow Jones Industrial Average is still near an all-time high. Are there still bargains out there? Also, one energy company that nosedived today, after a deal in Venezuela went south. Those stories, plus today's four biggest movers, and two stocks we have on our radar this week.

Even though the Dow nearly reached its all-time high, there is still plenty of value to be found in Dow stocks. If you're looking for some long-term investing ideas, check out the Fool's special report: "The 3 Dow Stocks Dividend Investors Need." It's absolutely free, so just click here and get your copy today.

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  • Report this Comment On February 22, 2013, at 12:20 PM, EllenBrandtPhD wrote:

    It doesn't look like any of HNR's big institutional investors have abandoned it. The institutional proportion of the float is still around 82 percent - 78 percent of all shares, and management and board members own another 5 ot 6 percent.

    So Retail is still a very minor factor. And despite some Shorter Distorter comments, the stock really is not much daytraded by the Momo boys.

    Most recent Warrants still are at 10, so those who hold them - arguably, the most powerful factors in the stock - want it to reach a minimum 15 before they cash in. They like to have a 50 percent profit on warrants, I believe.

    If I were Mr. Haynes, I would hold a press conference now and welcome the hardest of hard questions. Perhaps they feel with the earnings call just three weeks away, they don't have to do it.

    Or perhaps whoever has been waiting in the wings to make a counterbid is now already in preliminary negotiations.

    Clearly, the Indians are the prime contenders now. The Maurel and Prom flirtation by Pertamina may have angered ONGC and others, who still want a bigger profile in Gabon.

    And the South China Sea block is STILL the hidden ace in the hole. Remember, the Talisman block next door is hardly finalized in its ownership, either. And one of the countries vying for a place there is India - along with practically everyone else.

    Re Venezuela: The situation has gotten more crucial, not less, for PDVSA. They NEED these fields developed quickly. And they now see what their being stubborn and bad negotiators has cost. They also do NOT want to go backwards now, with their international position so sensitive and their new membership in Mercosur.

    So let's see what we hear over the next few days and weeks.

  • Report this Comment On February 22, 2013, at 3:21 PM, EllenBrandtPhD wrote:

    Analysts Not Here Yet:

    Against the backdrop of minor Analysts freaking out, what a fantastic, smart time for one or more Big Boy Analysts to come right in with an initiation at Strong Buy.

    I thought Goldman was flirting with doing that before the deal last June. Why not rethink and do it now?

    Alas, I am not an Analyst, so I can't tell 'em what to do.

  • Report this Comment On February 22, 2013, at 4:55 PM, EllenBrandtPhD wrote:

    Commentary out of Indonesia!


    THIS time - Enfin!!!! - one heckuva Short Squeeze, when the Ninniest of the Ninnies truly understand what hit them.

    And would we STILL like ONGC or another Indian to put in a bid? Sure, we would.

  • Report this Comment On February 24, 2013, at 7:40 PM, EllenBrandtPhD wrote:

    Talked to some sources this weekend. Some who have been in the stock for years sound upset - which is good, because it means capitulation may have already occurred, especially in such a thin stock.

    Those who are more recent holders - last year to six months - are sanguine to enthusiastic. Virtually all believe a counterbid of some sort will come in now, possibly from Rosneft, more likely from the Indians.

    Gabon's big oil conference, remember, is in just a couple of weeks. And it now seems recognized that - obstructive Japan notwithstanding - it is in everyone's best interests to start embarking on that South China Sea Oil and Gas Boom now.

    India has been somewhat on the opposite side to Indonesia re the South China Sea, so there is nice rivalry there, which could benefit Harvest.

    I'm going to try to develop more Indian sources of information and would appreciate hearing from others who have done the same.

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