Bryn Talkington of Requisite Capital Management shared her optimism on the North Shore Global Uranium Mining ETF URNM, foreseeing a potential strong performance in 2024 following a successful 2023.
Joshua Brown from Ritholtz Wealth Management highlighted the iShares U.S. Oil & Gas Exploration & Production ETF IEO, emphasizing the tangible breakout trend and the high prospects for significant growth.
During Wednesday’s trading session, WTI crude oil futures experienced a slight 0.1% dip, standing at $85.13 per barrel.
Jim Lebenthal of Cerity Partners selected Transocean Ltd. RIG as a favored trade.
Transocean’s recent milestone includes the disclosure of a $195 million ultra-Deepwater drillship contract on April 1. Additionally, on February 19, the company reported a Q4 loss narrower than expected, although its sales figures fell short of projections.
Sarat Sethi, DCLA managing partner, identified Schlumberger Limited SLB as his final pick.
The recent announcement revealed Schlumberger’s decision to acquire ChampionX CHX in an all-stock deal. Under the agreement, ChampionX shareholders will exchange each of their shares for 0.735 shares of Schlumberger, enabling them to own roughly 9% of Schlumberger’s common shares post-closure.
Price Action:
- North Shore Global Uranium Mining ETF saw a 1.3% increase on Tuesday.
- The iShares U.S. Oil & Gas Exploration & Production ETF soared by 1.6% during Tuesday’s trading session.
- Transocean shares surged by 3.5%, settling at $6.59 on Tuesday.
- SLB shares experienced a 1% decline, closing at $54.68 on Tuesday.
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