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SCOTTSDALE, Ariz. — Even when Penn State quarterback Drew Allar gets some praise, it's usually a backhanded compliment. They say he's a good game manager and stays within himself, or that he doesn't try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here's the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that's hard to remember considering the lukewarm reception he often gets from fans. "I get it — we have a really passionate fan base and they're a huge part of our success," Allar said Sunday at College Football Playoff quarterfinals media day. "For us, we always want to go out there every drive and end with a touchdown, so when we don't do that, there's nobody more frustrated than us." The polarizing Allar is having a solid season by just about any standard, completing more than 68% of his passes for 3,021 yards, 21 touchdowns and seven interceptions while leading the sixth-seeded Nittany Lions to a 12-2 record and a spot in the Fiesta Bowl for Tuesday's game against No. 3 seed Boise State. But in a college football world filled with high-scoring, explosive offenses, Allar's no-frills performances often are the object of ire. The Penn State offense is a run-first bunch, led by the talented combo of Nicholas Singleton and Kaytron Allen. "If we had a nickel for every time there was a Monday morning quarterback saying some BS stuff, we'd all be pretty rich," offensive coordinator Andy Kotelnicki said. "I think part of being a quarterback, especially at Penn State but really anywhere, is how you respond to and manage criticism." The 20-year-old Allar has made strides in that department after a trying 2023 season that finished with a 10-3 record. He says that's largely because once fall camp started back in August, he logged off the social media platform X. Allar said negative online experiences wore on him last year, and his phone number was leaked a few times, which added to the stress. He finally realized that controlling outside narratives was impossible, so the best course of action was to eliminate a needless distraction. "I've been more mentally free, as much as that sounds crazy," Allar said. "I think that's been a huge difference for me this year." The biggest criticism of Allar — and really Penn State as a whole during the 11-year James Franklin era — is that he isn't capable of winning the big games. He's 0-2 against rival Ohio State and threw a late interception against Oregon in the Big Ten title game earlier this month, which sealed the Ducks' 45-37 victory. He wasn't great in the CFP's first round, either, completing just 13 of 22 passes for 127 yards as Penn State muscled past SMU 38-10 on a cold, blustery day to advance to the Fiesta Bowl. But the quarterback is confident a better performance — aided by a game that will be played in comfortable temperatures in a domed stadium — is coming. "For me, I just have to execute those (easy) throws early in the game and get our guys into rhythm," Allar said. "Get them involved early as much as I can and that allows us to stay on the field longer, call more plays and open up our offense more. That will help us a ton, building the momentum throughout the game." Allar might be a favorite punching bag for a section of the Penn State fan base, but that's not the case in his own locker room. Star tight end Tyler Warren praised his quarterback's ability to avoid sacks, saying that the 6-foot-5, 238-pounder brings a toughness that resonates with teammates. "He's a football player," Warren said. "He plays quarterback, but when you watch him play and the energy he brings and the way he runs the ball, he's just a football player and that fires up our offense." Now Allar and Penn State have a chance to silence critics who say that the Nittany Lions don't show up in big games. Not that he's worried about what other people think. "I think it's a skill at the end of the day — blocking out the outside noise," Allar said. "Focusing on you and the process and being honest with yourself, both good and bad."America’s president-elect is set to introduce a series of new energy-focused policies, rolling back regulatory red tape introduced by the Biden administration. Energy stocks, including a handful of drilling and exploration companies, rallied on the stock market following Trump's victory on November 5. Trump's plans will mean rolling back climate-focused efforts , including those under the Inflation Reduction Act (IRA), removing exportation restrictions for liquefied natural gas (LNG), bolstering exploration on federal land, and increasing off-shore production. The new policy package would form part of Trump's "drill baby drill" campaign while emphasizing domestic production and exportation of non-renewables. By aligning key promises made during his campaign, Trump's fossil fuel agenda could help ignite the energy sector following years of conservative performance. The last couple of years have seen investors turning cold on the energy sector and instead focus more on high-yielding tech stocks. Regulatory pressures, geopolitical tensions, economic volatility, and a series of energy price crunches have sent energy and oil stocks tumbling. However, despite the more modest performance, the S&P 500 Energy (Sector) is up 12.74% year-to-date, compared to the S&P Global Clean Energy Index which is down -21.28% since the turn of the year. Investors wanting to diversify their portfolios could see promising results, as next year is looking to present plenty of new opportunities. With the energy, oil, and gas sectors seeing a revival under Trump, a handful of household names could benefit from his policies in the next four years. Enterprise Products Partners Enterprise Products Partners EDP operates four primary business segments, which include natural gas liquids, crude oil, petrochemical products, and natural gas. The company has roughly 29 natural gas processing plants in North America and operates several key crude oil pipeline systems throughout Oklahoma, New Mexico, and Texas. Enterprise operates as an integrated midstream energy company, providing transportation, storage, and distribution services to major exploration companies. By playing the middleman, Enterprise has largely been shielded from volatile energy price fluctuations experienced over the last few years. By the numbers, Enterprise delivered modest but impressive results for the third quarter , ending September 30. Overall, the company reported $13.7 billion in revenue, up approximately 14.81% year over year. Net income rose 8% to $1.4 billion, or $0.64 per unit on a fully adjusted basis, compared to $1.3 billion in Q3 2023. Following the U.S. election, EPD shares rose more than 15% further adding to its ongoing robust performance. Since the turn of the year, share prices have climbed more than 26%. Enterprise shows relative strength and long-term developments could play in the company's favor. Global Partners Global Partners GLP holds a mixed portfolio of energy-focused businesses, providing transportation and distribution solutions to a line of wholesale, commercial, and retail customers across the United States. With a vertically integrated distribution network, Global Partners creates energy and fossil fuel supply chain dependency for millions of customers across the Northeast. In total, the company has roughly 1,700 retail stations and helps to fill more than one million automobile gas tanks every day. Third-quarter results were modest, in most aspects, with revenue up 4.77% to $4.4 billion for the period ending September 30. Elsewhere, the company reported a 315.87% year-over-year improvement in net cash flow of $305 million for the quarterly period. This year, the company has aligned its strategy to meet growing volume demand across its key business segments, including Gasoline Distribution and Station Operations. In the last 11 months, the company has integrated 29 new terminals, and capitalized on more favorable conditions in the Wholesale and Commercial segments. More than this, at the beginning of November, the company announced the acquisition of the ExxonMobil terminal in East Providence, Rhode Island. This transaction will help increase its existing terminal network, adding more than 959,730 barrels of storage and a deep-water dock. Share prices remain elevated, and have climbed more than 32% this year. GLP is up 9.37% from its peak in June, and post-election performance added more than 17% to its value. Texas Pacific Land Trading since 1888, Texas Pacific Land TPL is one of the most established land and resource management companies in the U.S. and holds operations across 19 different counties. Its revenue stream is divided into several segments, including oil and gas royalties, commercial leases, material and land sales, and easements. In addition to this, Texas Pacific operates key water and operation services, including water sourcing, infrastructure development, water tracking, well tracking, and data analytics. It's like they say, "Everything is bigger and better in Texas" and with TLP the sky seems to be the limit. During the third quarter earnings report, the company announced several key highlights, including the acquisition of mineral interest across more than 4,106 net royalty acres, and acquired approximately 4,120 surface acres and other surface-related acres. Royalty production currently stands at 28.3 thousand barrels of oil per day. The company now holds a royalty acreage of 6.9 net well permits, 11.8 net drilled and uncompleted wells, and 79.2 net producing wells. By the numbers, revenue rose 9.87% year over year to $173.56 million. Consolidated net income of $106.6 million, equated to $4.63 per diluted share. Elsewhere on their balance sheet, the company announced a special cash dividend of $10.00 per share and a quarterly dividend of $1.17 per share paid in September. Perhaps the most attractive part of buying TPL is how much share performance has surged this year. Since the beginning of the year, TPL has climbed by more than 206% and is already up more than 79% since the start of the fourth quarter through November 28. Beyond its share performance, TPL holds plenty of growing momentum. For dividend-focused investors, this could be an option that delivers results, and perhaps benefit from more petroleum-focused policies in the coming years. Energy Stocks: Conclusion The energy sector could see a new light once Trump takes office. Increased regulatory support and higher exploration opportunities could present the energy sector with much-needed revival. Investors looking to benefit from this increased activity should look for energy and oil companies that present upside potential, but are shielded from volatile price changes. The next four years could bring big changes for the sector and could see investors turning from tech to energy as a more lucrative and reliable source of income. Disclosure: No positions and no conflicts of interest. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TSB investigating plane landing incident at Halifax Stanfield International AirportMan charged in viral machete attack has prior casesEvery year, in the neighborhood of 40,000 people flock to Omaha for a chance to hear Berkshire Hathaway ( BRK.A -0.39% ) ( BRK.B -0.56% ) CEO Warren Buffett speak about stocks and the U.S. economy. This mecca for investors has been driven by the Oracle of Omaha's vast outperformance of the benchmark S&P 500 ( ^GSPC -1.11% ) since taking over as CEO six decades ago. Whereas the S&P 500 has delivered an impressive total return, including dividends, of around 40,000% through the closing bell on Dec. 26, Buffett has steered his company's Class A shares (BRK.A) to a cumulative gain of 5,515,517% over the same span. Using Berkshire Hathaway's quarterly filed Form 13Fs to mirror Buffett's trading activity has been a path to riches for decades. But as we prepare to enter the new year, Wall Street's "Oracle" has given investors 166 billion reasons to be fearful. Buffett has been a persistent net seller of stocks for two years Perhaps the most famous of all Warren Buffett quotes is "Be fearful when others are greedy, and greedy when others are fearful." Even though Warren Buffett has reminded investors not to bet against America throughout the years, he's an unabashed value investor who isn't afraid to sit on his hands and wait for price dislocations to crop up. Based on Buffett's actions over the last two years, through the end of September, he's clearly fearful of what may be to come for Wall Street . Specifically, he and his team have sold more stock than they've purchased for eight consecutive quarters (Oct. 1, 2022 through Sept. 30, 2024): Q4 2022 : $14.64 billion in net-equity sales Q1 2023 : $10.41 billion Q2 2023 : $7.981 billion Q3 2023 : $5.253 billion Q4 2023 : $0.525 billion Q1 2024 : $17.281 billion Q2 2024 : $75.536 billion Q3 2024 : $34.592 billion Collectively, this works out to $166.22 billion in net stocks sales over two years , and it's increased Berkshire Hathaway's cash balance, including U.S. Treasuries, to north of $325 billion. It's certainly not something you'd expect to see from one of Wall Street's most revered long-term optimists. Stocks are historically pricey, and the Oracle of Omaha is struggling to find a good deal During Berkshire Hathaway's annual shareholder meeting in early May, he intimated that some of his recent selling activity may be for tax purposes . With his company sitting on sizable unrealized gains from Apple and Bank of America ( BAC -0.47% ) , and the corporate income tax rate at its lowest level since 1939, he opined that locking in some gains would, in hindsight, be viewed as a smart move by Berkshire's shareholders. But there may be more to this selling than just minimizing Berkshire Hathaway's tax bill. Namely, stocks are historically pricey, and it's becoming increasingly difficult for Buffett to find a good deal. In an interview with Fortune magazine back in 2001, the Oracle of Omaha referred to the market cap-to-gross domestic product (GDP) ratio as "probably the best single measure of where valuations stand at any given moment." This ratio quickly became known on the Street as the "Buffett Indicator" -- and it's been making history of late . Since 1970, the aggregate value of all publicly traded companies divided into U.S. GDP has averaged around 85% (0.85). In October 2024, it crested 200% for the first time ever and hit an all-time high above 209% in December, as measured by dividing the Wilshire 5000 Index into U.S. GDP. Although the Buffett Indicator isn't particularly helpful in determining when downturns will take place in the S&P 500 and other broad-market indexes, it has acted as a warning of eventual downside in the stock market . The Buffett Indicator peaked at 144% prior to the dot-com bubble bursting, 107% before the financial crisis, 166% immediately ahead of the COVID-19 pandemic, and 195% prior to the 2022 bear market taking shape. These events were respectively followed by S&P 500 declines of 49%, 57%, 34%, and 28%, on a peak-to-trough basis. The tea leaves couldn't be clearer that Buffett is locking in gains ahead of 2025 and being fearful when others are being greedy in a historically pricey market. Buffett also has more than 5.5 million reasons for investors to be optimistic Based on Berkshire Hathaway's 13Fs over the previous eight quarters, it's evident that Buffett and his top advisors, Todd Combs and Ted Weschler, aren't finding much in the way of value. However, this doesn't change the Oracle of Omaha's long-term thesis of not betting against America and expecting wonderful businesses to increase in value over time. Even though Buffett's short-term actions may not always line up with the long-term ethos he preaches, the greater than 5,500,000% cumulative gain in his company's Class A shares since he took over as CEO isn't an accident. It's the result of Berkshire's chief staying true to his roots and remaining a value-focused investor who pounces during periods of Wall Street fear and turbulence. Shortly after the financial crisis, Buffett invested $5 billion in Bank of America (BofA) to shore up its balance sheet. While the preferred stock Berkshire received provided a healthy 6% yield ($300 million in annual dividend income), it's the warrants to purchase up to 700 million shares of BofA stock at $7.14 per share that proved far more valuable. When these stock warrants were fully exercised in mid-2017, it instantly made Buffett's company a small fortune. Warren Buffett has been taking advantage of price dislocations like this for decades. Though one may not exist right now, it's just a matter of time before he and his team put some of Berkshire's growing cash hoard to work. To quote the Oracle of Omaha's letter to shareholders in 2009 following the height of the financial crisis, "Big opportunities come infrequently. When it's raining gold, reach for a bucket, not a thimble."
Today's Hottest Picks: 6 Best Crypto to Buy Now for Life-Changing 550X ReturnsSCOTTSDALE, Ariz. — Even when Penn State quarterback Drew Allar gets some praise, it's usually a backhanded compliment. They say he's a good game manager and stays within himself, or that he doesn't try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here's the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that's hard to remember considering the lukewarm reception he often gets from fans. "I get it — we have a really passionate fan base and they're a huge part of our success," Allar said Sunday at College Football Playoff quarterfinals media day. "For us, we always want to go out there every drive and end with a touchdown, so when we don't do that, there's nobody more frustrated than us." The polarizing Allar is having a solid season by just about any standard, completing more than 68% of his passes for 3,021 yards, 21 touchdowns and seven interceptions while leading the sixth-seeded Nittany Lions to a 12-2 record and a spot in the Fiesta Bowl for Tuesday's game against No. 3 seed Boise State. But in a college football world filled with high-scoring, explosive offenses, Allar's no-frills performances often are the object of ire. The Penn State offense is a run-first bunch, led by the talented combo of Nicholas Singleton and Kaytron Allen. "If we had a nickel for every time there was a Monday morning quarterback saying some BS stuff, we'd all be pretty rich," offensive coordinator Andy Kotelnicki said. "I think part of being a quarterback, especially at Penn State but really anywhere, is how you respond to and manage criticism." The 20-year-old Allar has made strides in that department after a trying 2023 season that finished with a 10-3 record. He says that's largely because once fall camp started back in August, he logged off the social media platform X. Allar said negative online experiences wore on him last year, and his phone number was leaked a few times, which added to the stress. He finally realized that controlling outside narratives was impossible, so the best course of action was to eliminate a needless distraction. "I've been more mentally free, as much as that sounds crazy," Allar said. "I think that's been a huge difference for me this year." The biggest criticism of Allar — and really Penn State as a whole during the 11-year James Franklin era — is that he isn't capable of winning the big games. He's 0-2 against rival Ohio State and threw a late interception against Oregon in the Big Ten title game earlier this month, which sealed the Ducks' 45-37 victory. He wasn't great in the CFP's first round, either, completing just 13 of 22 passes for 127 yards as Penn State muscled past SMU 38-10 on a cold, blustery day to advance to the Fiesta Bowl. But the quarterback is confident a better performance — aided by a game that will be played in comfortable temperatures in a domed stadium — is coming. "For me, I just have to execute those (easy) throws early in the game and get our guys into rhythm," Allar said. "Get them involved early as much as I can and that allows us to stay on the field longer, call more plays and open up our offense more. That will help us a ton, building the momentum throughout the game." Allar might be a favorite punching bag for a section of the Penn State fan base, but that's not the case in his own locker room. Star tight end Tyler Warren praised his quarterback's ability to avoid sacks, saying that the 6-foot-5, 238-pounder brings a toughness that resonates with teammates. "He's a football player," Warren said. "He plays quarterback, but when you watch him play and the energy he brings and the way he runs the ball, he's just a football player and that fires up our offense." Now Allar and Penn State have a chance to silence critics who say that the Nittany Lions don't show up in big games. Not that he's worried about what other people think. "I think it's a skill at the end of the day — blocking out the outside noise," Allar said. "Focusing on you and the process and being honest with yourself, both good and bad."