The year has just three months left to go, and barring a last-quarter meltdown for the markets, it looks like it's going to be a good year for investors. The�Dow Jones Industrials� (DJINDICES: ^DJI ) �have posted gains of more than 15%, holding on to substantial rises in the early part of the year despite increasing challenges on many fronts during the spring and summer months.
Even though the Dow has performed well, though, some of its components haven't been nearly as fortunate. Let's take a closer look at the Dow's worst performers during the first nine months of 2013.
Caterpillar� (NYSE: CAT ) , down 6%
Caterpillar has been the worst-performing stock in the Dow so far this year, as the heavy-equipment maker has faced new challenges on top of some of the problems it has had to deal with for a long time. On top of the sluggishness in the construction and infrastructure industries worldwide, the plunge in commodities like precious metals have crushed the mining sector, hurting prospects for Caterpillar's sales of mining equipment. With multiple reductions to its guidance and recent layoff announcements, Caterpillar could have further to fall before it hits bottom.
Best Building Product Companies To Invest In Right Now: Bonanza Creek Energy Inc (BCEI)
Bonanza Creek Energy, Inc., incorporated in December 2010, is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company�� assets and operations were focused primarily in southern Arkansas (Mid-Continent region) and the Denver Julesburg (DJ) and North Park Basins in Colorado (Rocky Mountain region) during the year ended December 31, 2010. In addition, it owns and operates oil producing assets in the San Joaquin Basin (California region). It operated approximately 99.4% and held an average working interest of approximately 85.8% of its proved reserves as of December 31, 2010. As of December 31, 2010, its net proved reserves was 32,860 million barrels of oil equivalent (MBoe).
The Company�� proved reserves and its drilling locations in its Mid-Continent acreage are located in the Dorcheat Macedonia field and the McKamie Patton field. In the Dorcheat Macedonia field the Company averages a 83.3% working interest and 68.5% net revenue interest, and all of the Company�� acreage is held by production. It had approximately 78 gross (65.0 net) producing wells and its average net daily production during April 2011, was approximately 1,249 barrels of oil equivalent per day (Boe/d) from a proved reserves base of 15,247 million barrels of oil equivalent, of which about 64.5% was oil and natural gas liquids. As of April 30, 2011, the Company had drilled 13 gross (10.2 net) wells. Immediately northwest of the Dorcheat Macedonia field, it owns and operates the McKamie gas processing facility, which processes all of the gas from the field. It owns additional interests in the Mid-Continent region near the Dorcheat Macedonia field. These include interests in the McKamie-Patton, Atlanta and Beach Creek fields. Its estimated proved reserves in these fields as of December 31, 2010, were approximately 1,947.8 million barrels of oil equivalent, and average net daily production du! ring April 2011, was approximately 239 barrels of oil equivalent per day.
The McKamie processing facility is located in Lafayette County, Arkansas and is located to serve its production in the region. The Company�� facility has a processing capacity of 15 million cubic feet per day (MMcf/d) of natural gas and 30,000 gallons per day of natural gas liquids. The facility processes natural gas and natural gas liquids, fractionates liquids into three components for sale, and sells four products at the facility's tailgate: propane, butane, natural gasolines and natural gas. It also owns approximately 150 miles of natural gas gathering pipeline that serves the facility and surrounding field areas and 32 miles of right-of-way crossing Lafayette County that can be utilized to connect the facility to other gas fields or future sales outlets. Natural gas is sold at the tailgate of the facility into a CenterPoint pipeline connection. Fractionated natural gas liquids are held on site and trucked out by the buyer, Dufour Petroleum. The McKamie processing facility had an average net output of 749 barrels of oil equivalent per day based on the facility contracts in April, 2011.
The two main areas in which the Company operates in the Rocky Mountain region include the DJ Basin in Weld County, Colorado and the North Park Basin in Jackson County, Colorado. The DJ Basin is a structural basin centered in eastern Colorado that extends into southeast Wyoming, western Nebraska, and western Kansas. Its operations in the DJ Basin are in the oil window of the Niobrara and as of December 31, 2010, consisted of approximately 42,698 gross (29,742 net) total acres. The Company�� estimated proved reserves in the DJ Basin were 8,402 million barrels of oil equivalent at December 31, 2010. As of April 30, 2011, it had a total of 141 gross (133.6 net) producing wells and its net average daily production during April 2011, was approximately 1,124 barrels of oil equivalent per day. The Company�� working inter! est for a! ll producing wells averages is 94.8% and its net revenue interest was approximately 76.5% in 2010. The Codell sandstone and Niobrara oil shale are blanket deposits in the DJ Basin.
The Company controls 47,003 gross (39,030 net) acres in the North Park Basin in northern Jackson County, Colorado. The Basin is divided into three principal opportunities: the North and South McCallum units and the non-unit acreage. The Company operates the North and South McCallum fields. The McCallum field covers 10,277 gross (8,606 net) acres of federal land with the majority of the oil production coming from a waterflood in the Pierre B formation and the carbon dioxide production coming from naturally flowing Dakota wells. Oil production is trucked to the market while carbon dioxide production is sent to a Praxair plant for processing and delivery to the market. In the North Park Basin, its estimated proved reserves as of December 31, 2010, were approximately 696.1 million barrels of oil equivalent, of which 100% were oil. Its average net production during April 2011, was approximately 140 barrels of oil equivalent per day. All of the Company�� 47,003 gross (39,030 net) acres in the North Park Basin are prospective for the Niobrara oil shale.
In California the Company owns acreage in four fields: Kern River, Midway Sunset and Greeley, which the Company operates, and Sargent, which it does not. Its estimated proved reserves in California were 886 million barrels of oil equivalent at December 31, 2010. As of April 30, 2011, we had a total of 57 gross (48.7 net) producing wells and its average net daily production was approximately 218 barrels of oil equivalent per day. Its working interest for all producing wells averages 85.4% and its net revenue interest is approximately 71.9%. As of December 31, 2010, it had identified approximately 18 gross (13.6 net) PUD locations in California.
Advisors' Opinion:- [By Ben Levisohn]
Not all stocks are created equal, however, and the analysts expect some stocks to handily outperform others, and their top picks “are poised to deliver long-term, capital-efficient growth…while trading at attractive valuations that currently provide 20%+ upside to our price targets.” Their winners?�Oasis Petroleum (OAS),�Approach Resources (AREX),�Bonanza Creek Energy�(BCEI) and Gulfport Energy�(GPOR), all of which are rated Buy with Oasis also added to Goldman’s conviction list. Investors, however, should avoid �WPX Energy�(WPX), which the analysts rate a Sell. They explain why:
Top 5 Performing Companies To Own In Right Now: II-VI Inc (IIVI)
II-VI Incorporated (II-VI), incorporated in 1971, develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications. The Company�� products are supplied to manufacturers and users in a range of markets, including industrial, military, telecommunications, photovoltaic and medical. II-VI focuses on providing components to its customers��assembly lines for products, such as high-power laser material processing systems, military fire control and missile guidance devices, fiber optics and wireless communication systems, photovoltaic systems, medical diagnostic systems and industrial, commercial and consumer thermal management systems. In November 2013, the Company announced that it has completed the acquisition of the fiber amplifier and micro-optics business (the Business) of Oclaro, Inc.
Infrared Optics
II-VI supplies a range of precision infrared optical components, such as lenses, output couplers, windows and mirrors for use in carbon dioxide (CO2) lasers. The Company�� precision optical components are used to attenuate the amount of laser energy, improve the properties of the laser beam and focus and direct laser beams to a target work surface. The optical components include both reflective and transmissive optics and are made from materials such as zinc selenide (ZnSe), zinc sulfide (ZnS), copper, silicon, gallium arsenide and germanium. Transmissive optics used with CO2 lasers are made from ZnSe.
One-Micron Laser Components
The supplies an array of tools for laser materials processing, including modular laser processing heads for fiber lasers, YAG lasers and other one-micron laser systems. It also manufactures beam delivery systems, including fiber optic cables and modular beam systems.
Near-Infrared Optics
II-VI manufactures products across a range, inc! luding Ultra Violet (UV), Visible and Near-Infrared. The Company offers a range of standard and custom laser gain materials, optics and assemblies for telecommunications, military, medical, industrial, scientific and research and development laser systems. Laser gain materials are produced to stringent industry specifications and precisely fabricated to customer demands. It manufactures waveplates, polarizers, lenses, prisms and mirrors for visible and near-infrared applications, which are used to control or alter visible or near-infrared energy and its polarization. In addition, it manufactures coated windows used as debris shields in the industrial and medical laser aftermarkets.
The Company offers fiber optics and micro optics and photonic crystal parts for optical communications, optical and photonic crystal parts for instrumentation and laser applications, optical components and functional modules for optical communication networks, and diode pumped solid-state laser devices for optical instruments, display and biotechnology. Its Near-Infrared Optics segment also produces components for UV Filters used in early warning missile detection.
Military Infrared Optics
II-VI offers optics and optical subassemblies for infrared systems, including thermal imaging, night vision, targeting and navigation systems. The Company�� product offering is consists of missile domes, electro-optical windows and subassemblies, imaging lenses and other components. Its precision optical products utilize infrared optical materials, such as Sapphire, Germanium, Zinc Sulfide, Zinc Selenide, Silicon, and Spinel. In addition, its products also include visible and crystalline materials, such as Calcium Fluoride, Barium Fluoride and Fused Silica. Its products are utilized on the F-35 fighter jet, Apache Attack Helicopter, Joint Strike Fighter and ground vehicles, such as the Abrams M-1 Tank and Bradley Fighting Vehicle.
Material Processing and Refinement
The Comp! any�� p! roduct offering includes selenium and tellurium metals and chemicals in a variety of purity levels and forms. The Company�� product offerings are 6H-SiC (semi-insulating) and 4H-SiC (conducting) poly-types and are available in sizes up to 100 millimeter diameter. SiC substrates are used in wireless infrastructure, radio frequency (RF) electronics, power conversion and power switching industries.
Thermoelectric Modules and Assemblies
II-VI supplies an array of thermoelectric modules and related assemblies to various market segments. In the defense market, Thermoelectric modules (TEMs) are used in guidance systems, smart weapons and night vision systems, as well as soldier cooling. TEMs are also used in products providing temperature stabilization for telecommunication lasers that generate and amplify optical signals for fiber optic communication systems.
The Company also produces and sells a range of solutions from thermoelectric components to complete sub-assemblies used in the medical equipment market and other industrial and commercial applications. Thermoelectric modules, used as power generators are also applied in a range of end-use applications. It offers single-stage TEMs, micro TEMs, multi-stage TEMs, planar multi-stage TEMs, extended life thermocyclers, thermoelectric thermal reference sources, power generators and thermoelectric assemblies.
The Company competes with Sumitomo Electric Industries, Ltd., Newport Corporation., Optoskand AB , Precitec, Inc, Northrop Grumman Corporation, CVI Melles Griot, O-Net Communications, OPLINK Communication, Axsun, DRS Technologies, Inc., Goodrich Corporation, Umicore, Komatsu, Ltd., Laird Technologies, Ferrotec Corporation, Cree, Inc., Dow Corning Corporation, Nippon Steel, Bridgestone and SiCrystal AG.
Advisors' Opinion:- [By riddock57]
Shares of OCLR surged on Friday's trading session after the company said that it had signed a definitive agreement to sell its Amplifier and Micro-Optics business to II-VI Incorporated (IIVI) for $88.6 million.
Top 5 Performing Companies To Own In Right Now: 1st NRG Corp (FNRC)
1st NRG Corp., incorporated on January 18, 1988, is an exploration and production company. The Company is engaged in the development of the Clabaugh Ranch Field, which is a project developing and producing coal bed methane reserves (CBM). This project includes a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming. The Company is expanding its activities into unconventional shale through a participation agreement covering approximately 7,000 acres initially and subsequently acquired acreage covering an Area of Mutual Interest in South Eastern Ohio. Its production revenues are entirely from the natural gas produced at Clabaugh Ranch.
The targeted coal seams in the Powder River Basin are part of the Tongue River Member of the Fort Union formation and have been mapped as natural resource developments and exploration have occurred throughout the region. The Company has 42 drilled wells, which have encountered developed coal seams in the Werner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. In total the Company has identified 515 separate coals seams for development of which only 126 (42 wells X 3 seams) have been completed.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With Quantum Energy Inc? According to various disclosures, transactions of $2k and $3.5k have or will occur to mention Quantum Energy in various investment newsletters. On Friday, Quantum Energy released the pricing of its recently announced $5,000,000 BDC funding to be arranged by Data Capital Corp (DCC) where the latter has agreed to assist the former in the formation of a Business Development Company (BDC) by forming Quantum Funding, Inc. as a BDC to raise an initial $5,000,000. Upon receipt of the funding, Quantum Funding, Inc. will then be acquired as a subsidiary by QEGY in a share exchange where the $5,000,000 subsidiary will be acquired for 10,000,000 shares of newly issued restricted common stock for a valuation of $0.50 cents per share. Otherwise and early in the month, Quantum Energy announced it was shifting its focus from the West Texas Barnett Shale fields to North Dakota with the opening of an office in Williston, North Dakota. However, a quick look on Google Finance (as there are no up to date financials on Yahoo! Finance) reveals Quantum Energy has no revenues; a net loss of $0.01M (most recent reported quarter), net income of $2.01M and a net loss of $0.02M for the past three fiscal quarters; and $0.01M in cash to cover $0.34M in current liabilities at the end of last August. Then again, the recent financing deal could get things moving for Quantum Energy next year.
1st NRG Corp (OTCMKTS: FNRC) Gives a Drilling and Production UpdateSmall cap 1st NRG Corp is an exploration and production company currently developing and producing coal bed methane reserves (CBM) in Wyoming. On Friday, 1st NRG Corp fell 25% to $0.0003 for a market cap of $5.02 million plus FNRC is down 97.1% since the start of the year and down 99.8% since July 2010 according to Google Finance.
Top 5 Performing Companies To Own In Right Now: WESCO International Inc. (WCC)
WESCO International, Inc. engages in the distribution of electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials. It also provides supply chain management and logistics services. The company offers general and industrial supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety and security, personal protection, abrasives, cutting tools, consumables, fasteners, janitorial, and other MRO supplies. It also provides wires, cables, raceway, and metallic and non-metallic conduits; and communications products, such as structured cabling systems, broadband products, low voltage specialty systems, specialty wire and cable products, equipment racks and cabinets, access controls, alarms, cameras, and paging and voice solutions. In addition, the company off ers power distribution equipment, such as circuit breakers, transformers, switchboards, panel boards, metering products, and busway products; lighting and controls, including lamps, fixtures, ballasts, and lighting control products; and motor control devices, drives, surge and power protection, relays, timers, pushbuttons, operator interfaces, switches, sensors, and interconnects. Further, it provides value added services in the areas of construction, e-business, energy, engineering services, green and sustainability, production support, safety and security, supply chain optimization, training, and working capital. The company serves industrial and commercial businesses, contractors, governmental agencies, institutions, telecommunications providers, and utilities. It operates in North America and internationally. WESCO International, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Seth Jayson]
WESCO International (NYSE: WCC ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), WESCO International met expectations on revenues and missed estimates on earnings per share.
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