JUBA, South Sudan (AP) -- Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and that there had been only a temporary slowdown in production.
An official in South Sudan's oil ministry earlier told The Associated Press that Sudan had blocked the export of South Sudanese oil. The official insisted he not be identified because he is not authorized to release the information. But government spokesman Barnabas Marial Benjamin said later that it was only a temporary slowdown.
"It is not really a shutdown," Benjamin said, before explaining a technical process behind storage procedures and valve openings. "But as we speak now P2 is going to be opened later on this afternoon and the oil will continue to flow to reach Port Sudan."
Benjamin downplayed the summoning of the Chinese envoy to South Sudan over recent oil issues. South Sudan's oil industry sector is dominated by Chinese companies.
10 Best High Tech Stocks To Buy Right Now: Digital Realty Trust Inc.(DLR)
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. It focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. The company?s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies. As of December 31, 2008, Digital Realty?s portfolio consisted of 75 properties, including 62 located in North America and 13 located in Europe. Digital Realty Trust has elected to be treated as a REIT for federal income tax purpo ses and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Boston, Chicago, Dallas, Los Angeles, New York, Northern Virginia, and Phoenix, as well as in Dublin, London, and Paris.
Advisors' Opinion:- [By Eric Volkman]
Digital Realty Trust (NYSE: DLR ) results for the specialty REIT's Q1 have been released. For the quarter, operating revenues totaled $358 million, an improvement over the $283 million in the same period the previous year. Net income available to common shareholders advanced to $43 million ($0.34 per diluted share) from Q1 2012's $39 million ($0.36). Funds from operations, considered an important metric for REITs, also grew by 9%, to $1.16 per share. The year-ago quarter's FFO came in at $1.06.
- [By Rich Duprey]
Data center solutions specialist�Digital Realty� (NYSE: DLR ) �said yesterday it�will pay a�regular quarterly dividend�of $0.78 per share on its common stock on June 28 to the holders of record at the close of business on June 14.�
10 Best High Tech Stocks To Buy Right Now: Forest Place Group Ltd(FPG.AX)
Forest Place Group Limited engages in the ownership, development, and operation of retirement villages and residential aged care facilities (nursing homes) in south-east Queensland, Australia. The company?s portfolio comprises five retirement villages located in Albany Creek, Clayfield, Cleveland, Durack, and Taringa. It leases and re-leases 102 accommodation units in its owned retirement villages. The company is based in Brisbane, Australia.
10 Best Heal Care Stocks To Watch Right Now: Sappi Limited(SPP)
Sappi Limited manufactures and sells various pulp, paper, chemical cellulose, and wood products worldwide. It offers coated woodfree paper used for marketing promotions and brochures, catalogues, corporate communications materials, direct mail, textbooks, and magazines; uncoated woodfree paper used for business forms, business stationery, tissue, photocopy paper, books, brochures, and magazines, as well as cut-size, preprint, and office paper; specialty woodfree paper used in bags, labels, and packaging; and release paper for use in textile, automotive, furniture, and engineering film markets. The company also provides packaging paper products, including containerboards, sack kraft, and grocery bags used for primary and secondary packaging of fast moving consumer goods, and agricultural and industrial products. In addition, it offers mechanical newsprint paper used in advertising inserts and newspapers; uncoated mechanical fiber based printing paper used for the printing o f books and advertising inserts; and coated mechanical fiber-based paper used for magazines, catalogues, and advertising material. Further, the company provides pulp products, including paper pulp used in the production of printing, writing, and packaging paper; and chemical cellulose used in the manufacture of various cellulose textile and non-woven fiber products, as well as used in various other cellulose-based applications in the food, film, cigarette, chemical, and pharmaceutical industries. Additionally, Sappi Limited offers sawn timber for construction and furniture manufacturing purposes. Its customers include printers, publishers, corporate end-users, suppliers, and converters. The company was formerly known as South African Pulp and Paper Industries Limited and changed its name to Sappi Limited in 1973. Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa.
Advisors' Opinion:- [By Seth Jayson]
Sappi (NYSE: SPP ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Sappi beat slightly on revenues and met expectations on earnings per share.
10 Best High Tech Stocks To Buy Right Now: Mariner Corporation Limited(MCX.AX)
Mariner Corporation Limited engages in the management of investment schemes in Australia. It also involves in the cattle leasing activities. The company was founded in 2003 and is based in Melbourne, Australia.
10 Best High Tech Stocks To Buy Right Now: Access International Education (AOE.V)
Access International Education Ltd., through its subsidiaries, provides educational and training programs to students. It offers senior secondary school programs, post-secondary school certificates, and diploma courses in Canada and the People�s Republic of China; and school-in-school English as a secondary language courses in the People�s Republic of China. The company was formerly known as Alcanta International Education Ltd. and changed its name to Access International Education Ltd. in December 2000. Access International Education Ltd. was incorporated in 1967 and is based in Calgary, Canada.
10 Best High Tech Stocks To Buy Right Now: Ultrapetrol(Bahamas)
Ultrapetrol (Bahamas) Limited, an industrial shipping company, provides marine transportation services primarily in South America, Europe, and Asia. Its shipping operations encompass grain, forest products, minerals, crude oil, petroleum, and refined petroleum products transportation for the shipping and offshore oil platform supply markets. The company operates in three segments: River, Offshore Supply, and Ocean. The River segment owns and operates river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia Region of South America. As of December 31, 2010, it had 602 barges and 33 pushboats with approximately 1,060,340 deadweight (dwt) capacity. The Offshore Supply segment owns and operates vessels that provide critical logistical and transportation services for offshore petroleum exploration and production companies in the North Sea and the coastal waters of Brazil. This segment?s fleet consists of seven platform supply vessels (PSVs) in o peration and five PSVs under construction. The Ocean segment operated 8 ocean-going vessels, including 4 product tankers, 2 container feeder vessels, 1 oceangoing pushboat, and 1 inland tank barge with an aggregate carrying capacity of approximately 110,000 dwt tons. The company was founded in 1992 and is headquartered in Nassau, the Bahamas.
10 Best High Tech Stocks To Buy Right Now: Oaktree Capital Group LLC (OAK)
Oaktree Capital Group, LLC (Oaktree) is a global investment management firm focused on alternative markets. Oaktree manages funds in investment strategies that fall into the six asset classes, which include distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities. As of June 30, 2011, the Company�� assets under management (AUM) totaled $79.5 billion. The Company�� manager is Oaktree Capital Group Holdings GP, LLC. The Company manages assets on behalf of other institutional investors in the world, including 70 of the 100 United States pension plans, 37 states in the United States, over 350 corporations, over 300 university and charitable endowments and foundations, and over 150 non-United States institutional investors, including six of the top 10 sovereign wealth fund nations.
Funds managed by Oaktree include both separate accounts and commingled funds. The commingled funds include open-end and closed-end limited partnerships for which the Company or a subsidiary serves as the general partner or, in certain limited cases, co-general partner. Oaktree makes principal investments in these funds.
Advisors' Opinion:- [By Bloomberg News]
Oaktree Capital Group LLC (OAK), the world�� largest distressed-debt investor, is buying Chinese stocks after valuations tumbled, Chairman Howard Marks said.
- [By Dividend]
Oaktree Capital (OAK) has a market capitalization of $9.73 billion. The company employs 750 people, generates revenue of $144.98 million and has a net income of $6,672.42 million. Oaktree Capital�� earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $-638.22 million. The EBITDA margin is -440.21 percent (the operating margin is -445.31 percent and the net profit margin 4,602.21 percent).
- [By Robert Rapier]
In contrast with the steady distribution at IEP, investors in Oaktree Capital (NYSE: OAK) saw a 50 percent sequential payout cut as the prior payment was boosted by the profitable liquidation of an unusually large distressed debt fund. Still, this top alternative asset manager remains on track with 30 percent year-over-year growth in distributable earnings and $3.7 billion of gross capital raised for the quarter. Oaktree units initially slumped 5 percent on earnings news, but much of that discount evaporated in a matter of hours, underscoring strong investor support for this partnership, which has given us a 10 percent capital gain in under two months. Continue buying OAK on pullbacks below $56.
10 Best High Tech Stocks To Buy Right Now: Quantum Energy Ltd (QTM.AX)
Quantum Energy Limited, together with its subsidiaries, engages in the manufacture and distribution of energy saving hot water, heating, and cooling systems for residential and commercial markets in Australia and internationally. It provides solar power systems, hot water heaters, and pool heaters, as well as commercial and industrial building heaters. The company is also involved in the distribution of medical products primarily in the field of nuclear medicine. Quantum Energy Limited is based in Alexandria, Australia.
10 Best High Tech Stocks To Buy Right Now: Curis Inc.(CRIS)
Curis, Inc., a drug discovery and development company, focuses on the research and development of cancer therapeutics. The company, under collaboration with Genentech, Inc., is conducting a pivotal Phase II clinical trial on its lead molecule, GDC-0449 in advanced basal cell carcinoma patients, as well as various Phase II clinical trials in first-line metastatic colorectal cancer and advanced ovarian cancer patients. It is also evaluating CUDC-101, a small molecule that is in a Phase I clinical testing and is designed to target histone deacetylase, epidermal growth factor receptor, and epidermal growth factor receptor 2. In addition, Curis has a development candidate, Debio 0932, which is a Heat Shock Protein 90 or Hsp90 inhibitor. The company holds a license agreement with Debiopharm related to its Hsp90 technologies. Further, it involves in preclinical testing for the development of candidates from its targeted cancer programs. The company was founded in 2000 and is base d in Lexington, Massachusetts.
Advisors' Opinion:- [By Monica Gerson]
Curis (NASDAQ: CRIS) dipped 18.97% to $3.16 in the pre-market session after the company reported Q3 financial results and provided CUDC-427 development update.
10 Best High Tech Stocks To Buy Right Now: Ramco-Gershenson Properties Trust(RPT)
Ramco-Gershenson Properties Trust, a real estate investment trust (REIT), engages in the ownership, development, acquisition, management, and leasing of community shopping centers, single tenant retail properties, and one regional mall in the Midwestern, Southeastern, and Mid-Atlantic regions of the United States. As of December 31, 2007, the company owned interests in 89 shopping centers, which included 65 community centers, 21 power centers, 2 single tenant retail properties, and 1 enclosed regional mall. Ramco-Gershenson Properties has elected to be a taxable REIT for federal income tax purposes. As a REIT, it would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1988 and is based in Farmington Hills, Michigan with additional office in Boca Raton, Florida.
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