Sentences with phrase «than the futures price»

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.
When the spot price is higher than the futures price, the market is said to be in backwardation.

Not exact matches

I put more faith in futures markets than in private sector and budgetary forecasts, but given the recent escalation of oil prices, there is a reasonable chance prices end up matching or exceeding the estimates in Budget 2016.
The price of oil could then spike in the future if the lower oil production meets higher than expected demand.
They sell the assets now, causing prices to fall immediately, rather than in the future!
Price shared her insights about what it takes to stay in business for more than two decades, planting seeds for future successes and how to move past fear and find your voice.
Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.
For traders used to seeing arbitrage plays vanish within seconds, bitcoin futures» rise back to more than $ 1,300 above the spot price a full day after their debut is another testament to the cryptocurrency's unconventional evolution.
Still, prices remained close to their highest levels in more than three years: Brent crude futures shed 0.64 percent to trade at $ 74.16 per barrel and U.S. West Texas Intermediate eased 0.43 percent to $ 67.81.
Bitcoin leaped more than 9.5 percent to above $ 16,500 on Monday, according to CoinDesk's bitcoin price index, after the launch of bitcoin futures on the Cboe Futures Exchange Sundayfutures on the Cboe Futures Exchange SundayFutures Exchange Sunday night.
That will more than triple the price of the new jet, chilling Bombardier's future sales and potentially giving Boeing more space to expand into the market for smaller aircraft.
This means that current oil prices are higher than prices for crude deliveries in the future.
This purchase part of the contract will specify either an agreed - upon purchase price — which can be higher than the current market value, depending on the length of the rental agreement — or include details of when and how the price will set in the future.
Brent has flipped into backwardation, meaning prices for immediate delivery are higher than contracts for future shipment.
The Futures Now team discusses the oil inventory dropping, and the price of oil spiking more than 5 percent.
Mo isn't planning to dump any of his stock in the near future, and Liston has a 12 - month price target of $ 135 — about $ 20 higher than where it's trading today.
The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.
By the early fall Goldberg noticed that the cash prices being paid for physical oil were significantly lower than even the suddenly weakening futures prices.
More than US$ 500 trillion worth of contracts — everything from swaps and futures contracts, to home mortgages and student loans — were priced using LIBOR rates last year.
The proposal has generated a great deal of often vitriolic debate over the future of the wheat board, and the C.D. Howe Institute recently weighed in with a report arguing that global grain markets have changed significantly over the past few decades, to the point that the CWB is more often than not a price taker.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
Bobby Cho, head trader at major bitcoin trading company Cumberland, a subsidiary of DRW, pointed out that the CME futures were trading closer to the actual price of bitcoin than the Cboe contract had at launch last Sunday.
The idea is that he would put in a big order to sell a whole bunch of futures at a price a few ticks higher than the best offer.
The FBI never denies that they were: If the price had moved against Sarao faster than his algorithm could cancel (if, for instance, a big buyer came in and took out several price levels all at once), he'd be selling a lot of futures.
Oil prices dropped more than 3 % but later recovered somewhat, with Brent crude futures 0.6 % lower at $ 125.2 while US crude was down 0.4 % at $ 113.46 a barrel.
It was, in fact, the ultimate value stock because the discounted present value of the actual, real future cash earnings was far greater than the stock price at the time.
Shares used to pay the purchase price or satisfy tax withholding obligations of awards other than stock options or stock appreciation rights become available for future issuance under the 2013 Plan.
The market - implied expectations for future profits baked into the prices of KIE holdings are meaningfully lower than for those for XLF holdings.
As a result, past returns have been somewhat higher than 10 % annually, but that also means that stocks are now priced to deliver far less than 10 % annually in the future.
Because while past performance does not guarantee future results, stocks have historically had larger price swings than bonds or cash.
My thesis is that deals that are already cash flowing are a bit safer than rosy proformas that assume a future selling price.
Because our model focuses on quantifying the market's expectations for the future financial performance of a company as embedded in the stock price, we need a more dynamic DCF model than the traditional models that force the valuation of every stock into a 5 or 10 - year forecast horizon.
Next, since oil for future delivery is currently trading for more than the spot price, a situation traders call «contango», selling into the futures market is a financial win for producers.
And that future, more than any regulatory decision in either the United States or Canada, will depend on the price of oil.
Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.
Assuming the same future financing with a $ 12M pre-money valuation and a $ 10 price per share, the valuation cap would drive the conversion price given that it results in a lower price per share than the discount.
Future commodity price levels might certainly be different, on average, in the future than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a rFuture commodity price levels might certainly be different, on average, in the future than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a rfuture than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a result.
The futures price was about 8 percent higher than the price of $ 17,100 quoted for bitcoin on the large private exchange CoinBase late Monday afternoon.
Monday's futures price indicates investors expect bitcoin to keep rising in the coming weeks, although at a slower pace than seen recently.
Since the fundamental value of an asset in a financial market is an aggregation of the stochastic stream of future dividends, trading at prices higher than the fundamental value is only profitable when there is a widespread belief that other traders will continue to buy at prices even further away from fundamental values.
The price of bitcoin swung wildly Thursday, rising to more than $ 19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major U.S....
If we did have a preference, then we would effectively be saying that we know more about the future movements in share prices than the aggregate market does.
The Fed's official view remains more hawkish than the market's expectations as reflected in, for example, the Fed funds futures contract which is still pricing in only two rate hikes by end - 2017.
The Series A Preferred shall also be convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hfuture series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hfuture Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the hFuture Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.
Costs to Trade: When buying stock index futures contracts linked to the above indices, you're paying much less than the listed price for the actual stock market index tracked by the futures contract.
After the remarks, the pound lost ground versus the dollar and euro, and short - term interest rate futures are now pricing in the less - than - 50 % probability of a rate hike on 10 May, down from 80 % earlier in the week.
Gold has more than doubled in price since 2005, but has it already priced in future inflation?
The Fund invests in growth stocks, which may be more sensitive to market movements because their prices tend to reflect future investor expectations rather than just current profits.
If each subsequent month on the futures «curve» is priced higher than preceding months, a commodity is said to be in contango.
JUNE 24, 2016 — Prices for certain futures contracts on the CBOE Volatility Index ® (VIX ®) rose more than 60 % during the early part of the June 24 trading day, as more updates about the anticipated results of the Brexit referendum were divulged.
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