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The Latest Breaking News from Wood

Why oil and gas companies want state oversight for carbon dioxide injection

Environmentalists are worried the state — known for a lax approach to regulation — is not prepared for the added responsibility of regulating certain carbon capture projects.

The Texas Tribune

Cathie Wood Just Sold $15 Million of Palantir Stock. Should You Sell PLTR Too?

After a nearly 300% rally over the last year in Palantir shares, it seems Wall Street may be cooling down on the AI darling.

Barchart

How Is International Paper Company's Stock Performance Compared to Other Timber Stocks?

Despite International Paper’s outperformance compared to the broader timber industry in 2024, Wall Street analysts remain cautiously bullish about the stock’s potential.

Barchart

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Can Lumber Sustain a Recovery?

Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in the rearview mirror in the coming months, so the wood futures market may have to wait until spring 2025…

Barchart

Takeover of one of Scotland's largest engineering companies collapses

A TAKEOVER bid for one of Scotland’s biggest engineering firms by a Dubai based business has collapsed after months of negotiations ...

The National (Scotland)

Wood Group suitor pulls out of takeover, blaming market turmoil

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk

The Guardian - UK

Is This Cathie Wood Stock an Undervalued AI Play?

Teladoc is a beaten-down telehealth stock that trades at a steep discount to consensus analyst estimates in Q1 of 2024.

Barchart

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I tried the Wood's MDK26 dehumidifier in my damp cellar and it's a game-changer

The Wood's MDK26 is a slim dehumidifier designed to tackle damp bathrooms. I put it to the test on a range of home tasks to find it if it's any good.

Woman & Home

Up 74% YTD, is This Cathie Wood Stock Overvalued?

Robinhood stock is on an absolute tear in 2024, rising over 74% year-to-date. Is this Cathie Wood stock overvalued, or a good momentum stock to buy right now?

Barchart

I tried the Wood's SW22-FW dehumidifier – it's industrial, but effective

The Wood's SW22-FW dehumidifier has a reputation as an industrial, impressive model. I tested it on the toughest tasks in my home, including damp cellars

Woman & Home

Why is Lumber Stuck in Neutral?

Physical lumber futures have been going nowhere fast, with the nearby contract price in an under $150 range in 2024. As lumber consolidates, the band between annual highs and lows has narrowed over the past years. Meanwhile, the industrial commodity futures remain highly illiquid, which could lead to a significant…

Barchart

Oil services company John Wood Group rejects £1.4bn takeover offer

Aberdeen-based firm listed on FTSE 250 knocked back unsolicited approach from Dubai-based Sidara

The Guardian - UK

Lumber: Can Wood Prices Rally in Spring 2024?

Lumber is a critical industrial commodity as it is an infrastructure building block and a crucial ingredient in new home building. The path of interest rates over the coming months is essential for lumber prices.

Barchart

Tiger Woods’ Partnership With Nike Has Ended After 27 Years Of Sponsorship

Nike was one of the only brands to stick by Tiger Woods during his 2009 infidelity scandal.

Pedestrian.tv

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Lumber: Did the Fed Issue a Buy Signal?

The lumber futures market is highly illiquid, causing extreme periodic volatility. However, lumber is a critical bellwether commodity that sometimes reacts violently to changes in economic conditions. The results of the recent December FOMC meeting could significantly increase lumber prices over the coming weeks and months.

Barchart

What are Lumber Futures Telling Us About the Economy?

After declining from August through October 2023, physical lumber futures found a bottom and turned higher. Lumber is a thinly traded futures market but a critical economic indicator. The recent rise in lumber prices could signal an overall rally in commodity prices on the horizon.

Broadcasting & Cable

Local News Close-Up: Grand Rapids Leader Stays Hot, Knock on WOOD

Three cities, two ABC affiliates in multi-hyphenated market

AAP

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

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Fortune

Cathie Wood’s flagship ARK fund has rebounded this year—but only 4 of its 27 holdings are profitable

Wood profited from riding a number of this year's big winners, including Coinbase and Tesla, but her overall portfolio has a profitability problem.

The Guardian - UK

Ashley takes second chance to fire Salford to shootout victory over Leeds

Ossama Ashley scored at the second attempt to send Salford into the third round of the EFL Cup with a 9-8 penalty shootout win over Leeds after a 1-1 draw

Barchart

Why are Lumber Prices Rising and How High Will They Go?

Lumber remains a highly illiquid commodity, but wood is a bellwether raw material and a barometer for new home construction. Soaring mortgage rates have weighed on lumber futures prices since the March 2022 high. However, the recent price action could signal a stabilization of the interest rate environment.

Insider UK

Activists protest outside Wood headquarters

Cut The Ties campaigners seek to force a change in the way government loans are given to companies involved in fossil fuels

Insider UK

Wood secures $250 million Brunei contract extension

The deal includes brownfield engineering, procurement, construction and commissioning services

Insider UK

Wood refutes oil and gas expansion criticism following green loan

Analysis of accounts suggests growth of fossil fuel-based divisions since £430m government-backed deal

The Guardian - UK

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

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