The build out of Tesla’s massive Gigafactory is yet another reason for investors to own this stock for the long haul.Related: This Is the Worst Place to Save MoneyThe Gigafactory is intended to enable Tesla to produce enough lithium ion cells by 2020 to power 500,000 electric cars annually. While this is still years away, it would ultimately lower the cost of batteries and allow Tesla to sell its Gen 3 model to the masses rewarding long term shareholders in the process. There are, of course, countless execution risks involved in this strategy.However, shareholders can rest easy knowing the company is in goods hands.
L non una barriera ma un di dialogo. L ascoltare davvero. Non tutti lo fanno.. CALGARY While other domestic oil companies have throttled back growth plans, Canadian Natural Resources Ltd. Announced Thursday it preparing to expand its biggest oilsands project.Calgary based Canadian Natural, the largest upstream oil and gas producer in the country, announced it was increasing its capital spending plans for the remainder of 2018 by $170 million, bringing its total for the year to $4.6 billion.The additional money will be spent on preparations to expand the company Horizon oilsands mine by up to 95,000 barrels of oil per day, potentially a 40 per cent capacity increase for the 240,000 bpd facility, while adding technology in place at competing operations like paraffinic froth treatment facilities which help reduce the project emissions.Shell sells out of Canadian Natural Resources for $4.3 billionCanadian Natural tops profit estimates on higher oil productionThe company said the total cost of the proposed expansion would be $1.4 billion.The move is a contrast to the stated intentions of competitors Cenovus Energy Inc. And Suncor Energy Inc., which have indicated they wouldn sanction new projects in the oilsands until new export pipelines are under construction or until Canadian regulators reduce the costs and onerous burdens on energy companies.the past, in the oilsands area, when there a lot of activity, there was a lot of cost inflation, Canadian Natural president Tim McKay said in an interview, adding that there an opportunity for the company to expand during a cyclical low in the sector.we seen today is we got excellent people, crews, services and reasonable prices, so I think it a win, McKay said.
Futures orders rose 6 percent in the United States, but fell 13 percent in the region that includes Europe, the Middle East and Africa. Orders rose 11 percent for the Asia Pacific region and 6 percent for the Americas.Gross margins rose in the quarter to 44.7 percent of sales from 44.3 percent, helped by favorable hedge results and price increases. The company tax rate also fell to 24.9 percent from 30.3 percent a year earlier.But marketing costs and overhead spending rose in the quarter, Nike said.Inventories rose 9 percent in the quarter, driven by growth in footwear, which Denson said was very strong demand in the marketplace.Nike shares rose to $51.24 extended trade after closing on the New York Stock Exchange at $50.64, up 2 percent.