DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Hot Stocks: Capital City Energy Group Inc. (OTCBB: CETG), Valero Energy Corp. (NYSE: VLO), Parexel International Corp. (Nasdaq: PRXL), CV Therapeutics Inc. (Nasdaq: CVTX), Oracle Corp. (Nasdaq: ORCL) and Apple Inc. (Nasdaq: AAPL).
In the Trade Alert, the author highlights Capital City Energy Group’s naming of Joseph Sites to its board of directors and executive vice president:
“Capital City Energy Group Inc. (CETG) shares closed Tuesday at $1.90, down 5% from its previous close of $2. Capital City Energy Group, through its consolidated operations, is an independent oil and natural gas company currently focused on the execution of its Triad business model. … The Ohio-based company recently announced it has appointed Joseph Sites to its board of directors and the position of executive vice president and has promoted Charles Kendall from the position of director of business development and Land Management to president of Avanti Energy Partners, the company’s oil & gas operating company which is a wholly owned subsidiary. Sites is president of Hotwell Services, an oil field services company recently acquired by Capital City.”
The Trade Alert author also featured Valero Energy’s posting of loss due to goodwill write-down:
“Valero Energy Corp. (VLO) shares closed Tuesday at $24.24, down 6.23% from its previous close of $25.85. Valero Energy operates as a crude oil refining and marketing company in the United States and internationally. … The San Antonio-based company swung to its first loss in six years in the fourth quarter due to a $4.1 billion goodwill write-down on assets acquired when profit margins were bigger. … Excluding a non-cash loss from the impairment of goodwill of $4.1 billion, Valero would have earned $1.41 a share in the latest quarter. The impairment loss represents Valero writing off the entire balance of its goodwill from the application of impairment testing criteria under existing accounting rules.”
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Jeff Bishop, (469)-252-3505