Mergers & Acquisitions

Canadian-owned Irving Oil announces successful acquisition of Irish company Top Oil

Canadian-owned Irving Oil announces successful acquisition of Irish company Top Oil PR Newswire SAINT JOHN, Jan. 31, 2019 SAINT JOHN , Jan. 31, 2019 /PRNewswire/ – Canadian-owned Irving Oil announced today its acquisition of the Tedcastle group of companies, an Irish-based energy marketing and distribution organization, which operates under the brand name Top Oil. […]

Technicals

Shell (RDS.A) Q4 Earnings Beat, Cash Flow Soars to $22B

An Earnings Beat: Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.38, above the Zacks Consensus Estimate of $1.30 and the year-ago profit of $1.04. Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 12.2% downward over the last 30 days. Coming to earnings surprise history, the blue-chip company has a mixed record: its beaten estimates in two of the last four quarters, as shown in the chart below: Royal Dutch Shell PLC Price and EPS Surprise Royal Dutch Shell PLC Price and EPS Surprise | Royal Dutch Shell PLC Quote Revenues: Revenues of $104.6 billion were 18.7% above the fourth-quarter 2017 sales of $88.1 billion and also beat the Zacks Consensus Estimate of $86.9 billion. […]