Latest news with #Cushing
USA Today
5 days ago
- Sport
- USA Today
56 days until the Texans' 2025 season opener: Who has worn No.56?
The Houston Texans are less than 100 days away from kicking off the 2025 season in Los Angeles against the Rams at SoFi Stadium and we're counting down the days until a victory ensues on the west coast. Texans Wire will each day tell you which player has worn the number of the day leading up to kickoff and pick the player who ensured the number best during their time at NRG Stadium. As for today, let's take a look at who has won No. 586since the inaugural season in 2002. Texans players to wear No. 56 No. 56 currently belongs to second-year linebacker Jamal Hill. Entering Year 2, he'll need to step up and prove he's more than a special-teams standout to warrant more playing time, but he was reliable as a last resort, and with Neville Hewitt gone, there's a solid chance Hill could make the active 53-man roster just because he's a favorite of Frank Ross. Regarding Hill's G.O.A.T. status, sorry, but there's only one right answer when talking about the No. 56 all-time. Best Player: Brian Cushing From his bone-crushing hits to his abrasive mentality between whistles, Cushing is the embodiment of the old-school linebacker mentality: hit first, maybe talk later if you still can breathe. Over his nine seasons with Houston, he was a thumping, no-nonsense play with speed and physicality that would set the tone under both Gary Kubiak and Bill O'Brien. While the end of his career was hindered by injuries, there was a three-year window where Cushing looked unstoppable in space when asked to play the run. After DeMeco Ryans was traded to Philadelphia ahead of the 2012 season, he became the leader of the defense, often wearing the green dot to take orders from the sidelines under Wade Phillips or Mike Vrabel. Over his Texans' career, Cushing racked up more than 660 tackles, including 42 for a loss and 13 sacks. He also posted three 100-plus tackle seasons while earning Defensive Rookie of the Year honors in 2009 and a Pro Bowl nod the same season. While he'll never be a Hall of Famer or perhaps even a member of the Texans' Ring of Honor, Cushing's impact will forever live on in fans' hearts whenever they see a collision that crushes more than a windpipe. They'll think of the USC star, covered in blood that continues to drip as he prepares for another snap.
Bloomberg
09-07-2025
- Business
- Bloomberg
Oil Steady as Traders Weigh Rising US Stockpiles, Trump's Levies
Oil steadied as traders weighed a large increase in US crude stockpiles and a wave of new tariff rates from President Donald Trump. West Texas Intermediate held above $68 a barrel after closing little changed on Wednesday. Brent settled near $70. US inventories climbed by about 7.1 million barrels last week, the biggest build since January, according to government data. Stockpiles at the Cushing storage hub also expanded.
Reuters
09-07-2025
- Business
- Reuters
US crude stockpiles rise, gasoline falls on July 4 driving demand, EIA says
HOUSTON, July 9 (Reuters) - U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend. Crude inventories rose by 7.1 million barrels to 426 million barrels in the week ended July 4, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel draw. Included in the rise was a 1.8 million barrels per day (bpd)adjustment figure week-over-week. The adjustment figure looks at "unaccounted for crude oil," and serves as a balancing item for the EIA. "Overall demand jumped back up, so the market is taking the build in crude supplies as kind of a one-off," said Phil Flynn, an analyst with Price Futures Group. Gasoline stocks (USOILG=ECI), opens new tab fell by 2.7 million barrels in the week to 229.5 million barrels, the EIA said, nearly double expectations for a 1.5 million-barrel draw. Gasoline demand rose 6% to 9.2 million bpd last week. "If we look at gasoline demand numbers, they were back up to a respectable number," Flynn added. Crude futures pared up some of their losses after the EIA data showing strong fuel demand. Brent crude futures were down 19 cents, or 0.3%, at $69.96 a barrel by 10:47 a.m. ET (1447 GMT), while U.S. West Texas Intermediate was down 26 cents, or 0.4%, at $68.07 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub for WTI (USOICC=ECI), opens new tab rose by 464,000 barrels, the EIA said. Distillate stockpiles (USOILD=ECI), opens new tab, which include diesel and heating oil, fell by 825,000 barrels in the week to 102.8 million barrels, versus expectations for a 300,000-barrel drop, data showed. Refinery crude runs (USOICR=ECI), opens new tab, meanwhile, fell by 99,000 bpd, and refinery utilization rates (USOIRU=ECI), opens new tab fell by 0.2 percentage point to 94.7% of total capacity. Net U.S. crude imports (USOICI=ECI), opens new tab fell by 1.36 million bpd, the EIA said.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Softer Oil & Gas Prices in Q2: Will XOM's Bottom Line Be Affected?
Exxon Mobil Corporation XOM recently disclosed in an 8-K filing that it expects earnings for the second quarter of 2025 to be hurt sequentially by lower oil and natural gas prices. With exploration and production activities contributing mostly to XOM's bottom line, a weaker commodity pricing environment in the June quarter of this year is a concern. According to the U.S. Energy Information Administration ('EIA'), the average spot prices for Cushing, OK, West Texas Intermediate (WTI) crude for April, May and June were $63.54, $62.17 and $68.17 per barrel, respectively. Based on the EIA data, the pricing environment was healthier in the first quarter, with average prices of $75.74, $71.53, and $68.24 per barrel for January, February and March, respectively. The same story also applies to natural gas prices. Softer commodity prices are expected to hurt XOM's upstream business, as the energy giant forecasts that lower oil prices will sequentially decrease its upstream earnings by $800 million to $1.2 billion. A change in gas prices will reduce its upstream profit by $300 million to $700 million. Thus, it can be assumed that ExxonMobil's second-quarter results are going to take a hit. The Zacks Consensus Estimate for XOM's earnings for the June quarter is pegged at $1.47 per share, suggesting a decline of almost 31% year over year. Lower Oil & Gas Price to Hurt EOG & COP? Both EOG Resources, Inc. EOG and ConocoPhillips COP are leading upstream energy players and, hence, are highly vulnerable to oil and gas prices. While ConocoPhillips has extensive drilling inventory and diversified upstream assets, EOG is among the well-known low-cost producers in the United States. The Zacks Consensus Estimate of earnings of EOG for the June quarter is pegged at $2.13 per share, suggesting a decline of almost 33% year over year. For ConocoPhillips, the Zacks Consensus Estimate of earnings is pegged at $1.44 per share, indicating a decline of 27.3%. XOM's Price Performance, Valuation & Estimates Shares of XOM have improved 3.7% over the past year compared with the marginal 0.6% decline of the composite stocks belonging to the industry. From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 6.89X. This is above the broader industry average of 4.16X. The Zacks Consensus Estimate for XOM's 2025 earnings has been revised upward over the past seven days. XOM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report EOG Resources, Inc. (EOG): Free Stock Analysis Report
Yahoo
05-07-2025
- Business
- Yahoo
USOY Is an Income Juggernaut
The Defiance Oil Enhance Options Income ETF offers a monster yield. The fund distributes income to its investors each week. Its overall performance hasn't been positive since its inception last year. 10 stocks we like better than Tidal Trust II - Defiance Oil Enhanced Options Income ETF › The Defiance Oil Enhanced Options Income ETF (NASDAQ: USOY) is an alluring income-focused investment opportunity. The exchange-traded fund's (ETF) implied annualized distribution rate is an eye-popping 111%. It distributes income to fund investors on a weekly basis. That combination of yield and payment frequency makes it appear to be an income juggernaut. However, and you probably know this is coming, there is a big catch: The fund has a very high-risk profile. Here's a closer look at this ETF, which aims to provide investors with an enhanced oil-fueled income stream. USOY is an actively managed ETF that aims to provide investors with an oil-backed income stream through options. The fund's strategy is to sell put options on the popular oil ETF, the United States Oil Fund (NYSEMKT: USO). The United States Oil Fund is an exchange-traded security designed to track the daily price movements of crude oil delivered to Cushing, Oklahoma (the country's main oil trading hub). USO does that by investing in oil futures contracts and over-the-counter swaps (customized contracts between two parties, such as financial institutions and corporations). The United States Oil Fund doesn't own physical oil, nor does it take delivery of physical barrels at Cushing. It invests in futures contracts and swaps that it sells before expiration. It rolls the proceeds into new contracts that typically expire in less than two months. USO's primary holding is currently 15,081 U.S. crude oil futures contracts that expire in August. The Defiance Oil Enhanced Options Income ETF writes (shorts) put options on USO that are either at the money (right at the current price of the underlying security) or in the money (below the current market price). This strategy aims to generate income and provide exposure to the price of USO. The ETF sells put options on USO at least once a week. Selling put options generates income if USO's share price increases above the current price, stays flat, or decreases slightly (as long as the decline is less than the value of the options premium received). The fund distributes the income it earns to investors each week. Writing put options can be a very lucrative income strategy. Options writers receive the premium (the value of the option) up front. They retain all or part of the premium, depending on the price of the underlying security at expiration. The Defiance Oil Enhance Options Income ETF's distribution payment for the last week of June was $0.1999 per share. If we annualized that rate, the fund would distribute $10.39 per share of income to investors over the course of a year. That's a 111% yield on the ETF's recent price in the low-$9.00-per-share range. As big as that payout seems, it's down from prior payment levels. The fund, which had only recently started making weekly income distributions, had previously paid investors monthly. Those payments had been as high as $1.2365 per share ($14.84 annualized). As the chart shows, the fund's income payments (and the value of the fund's share price) have been steadily declining since its launch last year: The decline in the fund's value is worth noting. When we add the income paid to the share price, the total return has actually been negative 0.93% since the fund's inception in May 2024. That's due to two issues. First, the fund has a high expense ratio of 1.22%. The costs of actively writing put options on USO are eating into the returns generated by the fund. The other issue is that USO's strategy aims to track the daily price movements of oil. While it does a solid job of tracking oil over the short term, it's abysmal at following crude prices over the longer term. That's due to the costs of rolling futures contracts. Since the fund's inception a decade ago, the value of WTI crude has risen by nearly 20%, while the fund's value has declined by more than 50%. The cost of writing put options on a security that steadily loses value hasn't been a winning strategy for the Defiance Oil Enhanced Options Income ETF. The Defiance Oil Enhanced Options Income ETF seeks to deliver a high-yielding income stream generated by writing put options on a crude oil ETF. While the fund's weekly distributions are high relative to its share price, that price has been steadily declining. That value erosion (due in part to its high expense ratio) has more than offset all the income generated by the fund since its inception. While the fund may perform better in the future, especially if oil prices are volatile to the upside, it's a very high-risk fund that's not suitable for investors seeking a bankable passive income stream. Before you buy stock in Tidal Trust II - Defiance Oil Enhanced Options Income ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tidal Trust II - Defiance Oil Enhanced Options Income ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. USOY Is an Income Juggernaut was originally published by The Motley Fool
