Thursday, March 21, 2019

Top 10 Energy Stocks To Watch Right Now

tags:EPE,NOV,ECT,GPRK,BBG,EVEP,SHLX,BLDP,AE,DNR,

K2 Principal Fund L.P. reduced its holdings in Enphase Energy Inc (NASDAQ:ENPH) by 68.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 170,000 shares of the semiconductor company’s stock after selling 371,200 shares during the quarter. K2 Principal Fund L.P.’s holdings in Enphase Energy were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ENPH. State Board of Administration of Florida Retirement System bought a new stake in shares of Enphase Energy in the second quarter worth about $115,000. SG Americas Securities LLC bought a new position in shares of Enphase Energy during the second quarter worth about $121,000. Verition Fund Management LLC bought a new position in shares of Enphase Energy during the first quarter worth about $131,000. Jane Street Group LLC bought a new position in shares of Enphase Energy during the first quarter worth about $133,000. Finally, Engineers Gate Manager LP bought a new position in shares of Enphase Energy during the second quarter worth about $227,000. Institutional investors own 39.12% of the company’s stock.

Top 10 Energy Stocks To Watch Right Now: EP Energy Corporation(EPE)

Advisors' Opinion:
  • [By Max Byerly]

    Get a free copy of the Zacks research report on Enterprise GP (EPE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Lisa Levin]

    Wednesday afternoon, the energy shares climbed 1.59 percent. Meanwhile, top gainers in the sector included SeaDrill Limited (NYSE: SDRL), up 77 percent, and EP Energy Corporation (NYSE: EPE), up 19 percent.

  • [By Lisa Levin]

    Monday afternoon, the energy shares rose 2.14 percent. Meanwhile, top gainers in the sector included Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), up 12 percent, and EP Energy Corporation (NYSE: EPE) up 13 percent.

Top 10 Energy Stocks To Watch Right Now: National Oilwell Varco, Inc.(NOV)

Advisors' Opinion:
  • [By Ethan Ryder]

    Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

    Get National-Oilwell Varco alerts: A Look Inside Earnings & Quant Signals For National Oilwell Varco, Inc. (NYSE:NOV) as EBITDA Reaches 0.032061 (cantoncaller.com) Notable Active Stock’s Momentum: Shoe Carnival, Inc., (NASDAQ: SCVL), National Oilwell Varco, Inc., (NYSE: NOV) (globalexportlines.com) Brief Overview on Company’s Performance: National Oilwell Varco, Inc. (NOV) (nasdaqplace.com) Short Interest in National-Oilwell Varco, Inc. (NOV) Decreases By 22.2% (americanbankingnews.com) Stocks in Focus- National Oilwell Varco, Inc. (NYSE:NOV), Perrigo Company plc (NYSE:PRGO), Apollo Commercial … (journalfinance.net)

    Shares of NYSE:NOV opened at $47.07 on Monday. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of -112.07, a price-to-earnings-growth ratio of 46.25 and a beta of 0.87. National-Oilwell Varco has a 1-year low of $29.93 and a 1-year high of $49.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.75 and a current ratio of 3.19.

  • [By Jason Hall, Tyler Crowe, and John Bromels]

    According to three Motley Fool contributors, there are still ample opportunities to profit in the oil and gas segment as some left-behind subsectors start to catch up to the higher price trend. Three in particular that are well-positioned going forward are Transocean LTD (NYSE:RIG), National-Oilwell Varco, Inc. (NYSE:NOV), and Devon Energy Corp (NYSE:DVN).  

  • [By Matthew DiLallo]

    After steadily improving for several quarters, National Oilwell Varco's (NYSE:NOV) recovery hit a speedbump in the first quarter of 2018. Revenue declined 9% from the previous quarter and missed its forecast due to several issues. However, one thing the company's management team made clear on the accompanying conference call was that while the quarter was a disappointment, they're increasingly optimistic about what they see ahead.

  • [By Logan Wallace]

    National-Oilwell Varco, Inc. (NYSE:NOV) – Equities researchers at Jefferies Financial Group upped their FY2018 earnings per share (EPS) estimates for National-Oilwell Varco in a research note issued to investors on Wednesday, February 6th. Jefferies Financial Group analyst B. Handler now anticipates that the oil and gas exploration company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.06). Jefferies Financial Group has a “Hold” rating and a $41.00 price objective on the stock. Jefferies Financial Group also issued estimates for National-Oilwell Varco’s Q4 2018 earnings at $0.09 EPS.

  • [By Garrett Baldwin]

    The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning. Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade's financial crisis. Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December. VideoMeet the Trading Expert Who Could Help Make You a Millionaire Crude oil prices slid in pre-market hours to a one-month low. The WTI crude oil price today fell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets. Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed's consent order will see the bank change four members of its board of directors and
  • [By Zacks]

    On the news front, U.S. supermajor Chevron Corp. (NYSE: CVX) gave its go-ahead to the $5.1 billion second stage of its massive Gorgon LNG project in Western Australia, while oilfield service providers McDermott International, Inc. (NYSE: MDR) and National Oilwell Varco, Inc. (NYSE: NOV) provided first-quarter operational updates.

Top 10 Energy Stocks To Watch Right Now: ECA Marcellus Trust I(ECT)

Advisors' Opinion:
  • [By Shane Hupp]

    SuperEdge (CURRENCY:ECT) traded 1.3% higher against the dollar during the 1 day period ending at 21:00 PM Eastern on October 4th. One SuperEdge token can currently be purchased for $0.0001 or 0.00000002 BTC on major exchanges. Over the last week, SuperEdge has traded 13.3% higher against the dollar. SuperEdge has a market cap of $0.00 and $91.00 worth of SuperEdge was traded on exchanges in the last day.

  • [By Max Byerly]

    SuperEdge (CURRENCY:ECT) traded 17.2% higher against the dollar during the 24-hour period ending at 14:00 PM ET on September 22nd. One SuperEdge token can now be purchased for about $0.0001 or 0.00000001 BTC on cryptocurrency exchanges. In the last seven days, SuperEdge has traded 52.1% lower against the dollar. SuperEdge has a total market capitalization of $0.00 and approximately $623.00 worth of SuperEdge was traded on exchanges in the last day.

  • [By Ethan Ryder]

    SuperEdge (CURRENCY:ECT) traded 19.2% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on September 1st. SuperEdge has a market capitalization of $0.00 and approximately $947.00 worth of SuperEdge was traded on exchanges in the last day. Over the last seven days, SuperEdge has traded up 2.2% against the US dollar. One SuperEdge token can now be purchased for approximately $0.0002 or 0.00000002 BTC on popular exchanges.

  • [By Joseph Griffin]

    Media coverage about Eca Marcellus Trust I (NYSE:ECT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eca Marcellus Trust I earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.7651927822973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Top 10 Energy Stocks To Watch Right Now: Geopark Ltd(GPRK)

Advisors' Opinion:
  • [By Max Byerly]

    Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note published on Tuesday morning.

    “We expect the Street to raise its estimates once again on the back of these strong results.”,” the firm’s analyst wrote.

  • [By Shane Hupp]

    Lonestar Resources US (NYSE: GPRK) and GeoPark (NYSE:GPRK) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.

  • [By Motley Fool Transcribers]

    GeoPark Ltd  (NYSE:GPRK)Q4 2018 Earnings Conference CallMarch 07, 2019, 9:00 a.m. ET

    Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

    Operator

Top 10 Energy Stocks To Watch Right Now: Bill Barrett Corporation(BBG)

Advisors' Opinion:
  • [By Shane Hupp]

    Shares of Bill Barrett Co. (NYSE:BBG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.28.

Top 10 Energy Stocks To Watch Right Now: EV Energy Partners, L.P.(EVEP)

Advisors' Opinion:
  • [By Money Morning Staff Reports]

    But before we show you our pick, here are the top 10 penny stocks to watch this week…

    Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5) My Size Inc. (Nasdaq: MYSZ) $1.66 152.28% Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52% DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02% CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71% China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58% Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12% Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01% Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5% Cenveo Inc. (Nasdaq: CVO) $1.20 31.82% EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%


    FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, it's completely free…

Top 10 Energy Stocks To Watch Right Now: Shell Midstream Partners, L.P.(SHLX)

Advisors' Opinion:
  • [By Logan Wallace]

    Shell Midstream Partners (NYSE:SHLX) last issued its earnings results on Thursday, August 2nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Shell Midstream Partners had a net margin of 74.14% and a negative return on equity of 295.18%. The company had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $120.71 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts predict that Shell Midstream Partners LP will post 1.18 earnings per share for the current year.

  • [By Joseph Griffin]

    Holly Energy Partners (NYSE: SHLX) and Shell Midstream Partners (NYSE:SHLX) are both mid-cap oils/energy companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, profitability, earnings, dividends, risk and institutional ownership.

  • [By Matthew DiLallo]

    BP Midstream Partners has agreed to acquire interests in three assets from BP in a transaction valued at $468 million. The first asset is Mardi Gras, a joint venture (JV) with Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and its MLP, Shell Midstream Partners (NYSE:SHLX), which operates four offshore pipelines. BP Midstream already owned 20% of BP's interest in the JV but will now hold 65% of that stake. It's an important system that the partners have recently expanded so that it can support their new projects in the Gulf. They include Shell's Appomattox platform, which should start up next year, and BP's Thunder Horse North West Expansion, Atlantis Phase three, and Mad Dog 2, which will begin in 2019, 2020, and 2021, respectively. 

  • [By Reuben Gregg Brewer]

    There's an interesting dichotomy here, however. Crestwood was looking to stay financially disciplined, but it also needed to invest to grow. Doing both at the same time is difficult, which is why it partnered up with Con Ed in the Marcellus region, Shell Midstream Partners LP (NYSE:SHLX) and First Reserve in the Delaware Basin, and Williams Partners (NYSE:WPZ) in the Powder River basin. These agreements allow Crestwood to keep expanding its business without having to foot the entire bill for the investments.

Top 10 Energy Stocks To Watch Right Now: Ballard Power Systems, Inc.(BLDP)

Advisors' Opinion:
  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Ballard Power Systems (BLDP)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Scott Levine]

    The military is using fuel cells in a variety of applications. Ballard Power Systems (NASDAQ:BLDP), for example, reported that in the first quarter 2018, it received two orders, totaling $3.5 million, from the U.S. military for the company's Power Manager product, which powers communication systems, medical equipment, and other devices used by soldiers in the field. Subsequently, the company reported that the U.S. Navy placed an order in the second quarter for 13 fuel cell propulsion systems for use in unmanned aerial vehicles.

  • [By Dan Caplinger]

    The stock market came out of Labor Day weekend on a sluggish note, but it recovered ground by the end of the session to finish close to where it had started. Lingering doubts about the status of trade discussions with key trading partners initially caused major benchmarks to fall around half a percent in the morning. Once again, though, stocks proved their resiliency, and investors seemed more comfortable with the idea that corporate earnings would remain strong at least through the end of the year. Moreover, some strong showings from key stocks helped lift sentiment. Advanced Micro Devices (NASDAQ:AMD), Ballard Power Systems (NASDAQ:BLDP), and El Pollo Loco Holdings (NASDAQ:LOCO) were among the best performers on the day. Here's why they did so well.

Top 10 Energy Stocks To Watch Right Now: Adams Resources & Energy, Inc.(AE)

Advisors' Opinion:
  • [By Joseph Griffin]

    Aeternity (CURRENCY:AE) traded down 15.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on June 10th. One Aeternity token can currently be purchased for approximately $2.94 or 0.00043736 BTC on popular exchanges including LATOKEN, Lykke Exchange, CoinBene and IDAX. Aeternity has a market cap of $684.89 million and approximately $14.30 million worth of Aeternity was traded on exchanges in the last 24 hours. Over the last week, Aeternity has traded down 16.7% against the US dollar.

  • [By Shane Hupp]

    Aeternity (CURRENCY:AE) traded down 15.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on June 10th. One Aeternity token can currently be purchased for approximately $2.94 or 0.00043736 BTC on popular exchanges including LATOKEN, Lykke Exchange, CoinBene and IDAX. Aeternity has a market cap of $684.89 million and approximately $14.30 million worth of Aeternity was traded on exchanges in the last 24 hours. Over the last week, Aeternity has traded down 16.7% against the US dollar.

  • [By Shane Hupp]

    Aeternity (AE) uses the hashing algorithm. Its launch date was September 2nd, 2017. Aeternity’s total supply is 273,685,830 tokens and its circulating supply is 233,020,472 tokens. Aeternity’s official website is www.aeternity.com. Aeternity’s official Twitter account is @aetrnty and its Facebook page is accessible here. The Reddit community for Aeternity is /r/Aeternity and the currency’s Github account can be viewed here.

  • [By Logan Wallace]

    Schwab Charles Investment Management Inc. purchased a new position in Adams Resources & Energy Inc (NYSEAMERICAN:AE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,366 shares of the energy company’s stock, valued at approximately $277,000.

Top 10 Energy Stocks To Watch Right Now: Denbury Resources Inc.(DNR)

Advisors' Opinion:
  • [By Motley Fool Transcription]

    Denbury Resources Inc (NYSE:DNR)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET

    Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

    Operator

  • [By VantagePoint]

    Denbury Resources Inc. (NYSE: DNR) follows the same idea but to the upside. That market had a bullish crossover in early-April. Traders knew, with confidence, that they could begin going long in the market when the predictive indicators in VantagePoint showed that crossover to the upside. Since that crossover of the blue line 24 trading days ago, the market was up over 36 percent or $1.01 per share.

  • [By Dan Caplinger]

    The stock market surged higher on Monday, with the biggest gains coming for the Dow Jones Industrial Average, which closed above the 25,000 level. Investors were generally upbeat about signs that suggested the potential for a more favorable resolution of trade disputes between the U.S. and China, and positive moves in other financial markets continued to contribute to the stock market's success as well. Several individual companies in key industries saw major gains. Denbury Resources (NYSE:DNR), MB Financial (NASDAQ:MBFI), and World Wrestling Entertainment (NYSE:WWE) were among the best performers on the day. Here's why they did so well.

  • [By Joseph Griffin]

    Denarius (DNR) is a PoW/PoS coin that uses the NIST5 hashing algorithm. It was first traded on February 14th, 2017. Denarius’ total supply is 3,850,532 coins. Denarius’ official Twitter account is @denariuscoin. The official website for Denarius is denarius.io. The Reddit community for Denarius is /r/denariuscoin and the currency’s Github account can be viewed here.

Wednesday, March 20, 2019

Life After Facebook: The Untold Story Of Billionaire Eduardo Saverin’s Highly Networked Venture Fi

&l;p&g;&l;sup class=&q;drop-cap color-accent font-accent&q;&g;W&l;/sup&g;&l;/p&g;&l;p&g;hen Eduardo Saverin greets entrepreneurs who come to visit him in his 8th-floor offices at the Singapore Land Tower, the 36-year-old knows he'll get asked &l;em&g;the question. &l;/em&g;The Facebook question. The cofounder of the social media giant is not only one of the world's youngest billionaires (net worth: $10 billion), but also something of a household name after his portrayal in the 2010 hit movie &l;em&g;The Social Network&l;/em&g;. A year later he renounced his American citizenship, &l;a href=&q;https://www.forbes.com/sites/briansolomon/2012/05/17/on-eve-of-facebook-ipo-eduardo-saverin-fires-back-at-critics-over-accusations-of-tax-dodging/#2d256fe3792c&q; target=&q;_blank&q; class=&q;color-accent&q;&g;reportedly&l;/a&g; avoiding some $700 million in U.S. taxes. &a;nbsp;He's always denied moving to Singapore for tax reasons and cringes at his Hollywood alter ego—he's more comfortable behind a spreadsheet than on the silver screen. But he rolls with it, all in the name of furthering what he wants the world to know about the Eduardo Saverin of 2019, the cofounder of B Capital, a rapidly expanding venture capital firm that's on the cusp of taking bigger swings. &l;/p&g;&l;fbs-ad position=&q;top&q;&g;&l;/fbs-ad&g;&l;p&g;"I'm incredibly open, because I understand where the curiosity comes from," Saverin says in his first one-on-one interview for an article in seven years. "I'm happy to have them learn from me than otherwise through movies."&l;/p&g;&l;p&g;Since launching B Capital in 2015, Saverin and his partner Raj Ganguly have been working on deploying their first $360 million technology fund (Saverin fronted an undisclosed part of it), guided by a twist on the traditional firm-building approach. Most venture capital firms start local, with a couple investments in companies in their backyards. Not B Capital, where 30 employees in California (San Francisco and Los Angeles), New York and Singapore pursued a multinational approach from the start. Also key: an alliance with Boston Consulting Group providing Saverin's portfolio companies access to the elite consultancy's brain trust and their clients. Now with several high-profile hires joining the firm, including a U.S.-based chairman and a new partner with Apple and Box credentials, Saverin and Ganguly are taking the wraps off their business, which has grown well beyond a billionaire's hobby. They are expected to soon raise a second, much larger, fund.&l;/p&g;&l;figure class=&q;image-embed embed-2&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fcfdc31358e79cabede2c/960x0.jpg?fit=scale&q; alt=&q;Raj Ganguly&q; data-height=&q;1687&q; data-width=&q;3000&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;A friend from Saverin&s;s Harvard days, Raj Ganguly cofounded B Capital with him in 2015.&l;small&g;David Yellen&l;/small&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;"No matter how lucky or blessed I might be, I will never retire on a beach," says Saverin. "We are still so early into making the technologies that will impact the world."&l;/p&g;&l;p&g;&l;sup class=&q;drop-cap color-accent font-accent&q;&g;w&l;/sup&g;&l;/p&g;&l;p&g;hen Mark Zuckerberg celebrated his IPO by ringing the Nasdaq opening bell from Facebook's California offices &l;a href=&q;https://www.forbes.com/sites/connieguglielmo/2012/05/18/facebook-ipo-gets-chilly-greeting-on-a-cool-morning/#5f84bc263833&q; target=&q;_blank&q; class=&q;color-accent&q;&g;in May 2012&l;/a&g;, his cofounder Saverin was thousands of miles away and out of mind, save for a securities filing detailing that his 53 million shares were converting to common stock. No surprise there. Saverin's stint with the company had ended in 2005, mired in controversy and lawsuits over his reduced stake in the company. By 2009, Saverin had moved to Singapore, &l;a href=&q;https://www.forbes.com/sites/briansolomon/2012/05/11/eduardo-saverin-renounces-u-s-citizenship-ahead-of-mega-facebook-ipo/#65962ad51ff6&q; target=&q;_blank&q; class=&q;color-accent&q;&g;giving up his U.S. citizenship&l;/a&g;. His life seemed a cliché: Gossip sheets gushed about his &l;a href=&q;https://www.businessinsider.com/ex-pat-facebook-cofounder-eduardo-saverin-has-a-bentley-and-doesnt-know-how-to-spend-his-ipo-billions-2012-5&q; target=&q;_blank&q; class=&q;color-accent&q;&g;Bentley&l;/a&g;, a &l;a href=&q;https://www.dailymail.co.uk/news/article-2146991/Eduardo-Saverin-The-geek-learning-party-Facebook-billions.html&q; target=&q;_blank&q; class=&q;color-accent&q;&g;standing table&l;/a&g; at an elite night club and &l;a href=&q;https://nypost.com/2012/05/13/facebook-cofounder-living-large-in-singapore-as-he-stiffs-us-for-a-possible-600m-in-taxes/&q; target=&q;_blank&q; class=&q;color-accent&q;&g;legendary bar tabs&l;/a&g; that could reach &l;a href=&q;https://pagesix.com/2011/12/30/social-animal/&q; target=&q;_blank&q; class=&q;color-accent&q;&g;$50,000&l;/a&g;.&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Saverin tells a different story today. The son of Brazilian parents who relocated to Miami, Saverin was born in São Paulo but grew up affluent in south Florida, attending boarding school there before heading to Harvard, where he made his fateful connection to Zuckerberg while a junior studying economics. After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business. He never left, he says now, because he fell in love with a local woman—whom he'd known briefly in his college days—and with the city itself. "Being a technology guy, it's an exciting place. It's a five-hour plane ride from a large part of the world's population." His decision to renounce U.S. citizenship the year before the IPO, he says, had more to do with setting up roots in Singapore than paying a lower tax rate on his wealth. "It was nothing related to the news at the time. That is not true," he says. That &l;a href=&q;https://www.wsj.com/articles/SB10001424052702303360504577410571011995562&q; target=&q;_blank&q; class=&q;color-accent&q;&g;reported $700 million&l;/a&g; was a speculative "back-of-the-envelope figure," says his spokesperson.&l;/p&g;&l;figure class=&q;image-embed embed-5&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fd37531358e79cabede81/960x0.jpg?fit=scale&q; alt=&q;rule&q; data-height=&q;20&q; data-width=&q;900&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;figure class=&q;image-embed embed-17&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8feec231358e79cabee3cb/960x0.jpg?fit=scale&q; alt=&q;Facebook-founders&q; data-height=&q;1176&q; data-width=&q;1239&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;Facebook's First Friends&l;/strong&g;&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;&l;strong&g;Fifteen years ago, five young Harvard students started a little social experiment on campus called The Facebook. It's now a $475 billion tech giant, but only Mark Zuckerberg is still at work there. &l;/strong&g;&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(1) Mark Zuckerberg,&l;/strong&g; 34 &l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;CEO of Facebook recently announced a plan to more closely integrate Facebook with two other apps it owns, WhatsApp and Instagram.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(2) Dustin Moskovitz,&l;/strong&g; 34&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Zuckerberg&s;s former college roommate and currently cofounder and CEO of Asana, a work productivity software unicorn.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(3) Eduardo Saverin,&l;/strong&g; 36&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Cofounder of B Capital, a venture capital firm.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(4) Chris Hughes,&l;/strong&g; 35&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Worked as Facebook&s;s first spokesperson before buying &l;em&g;The New Republic&l;/em&g; magazine in 2012—selling it four years later—and writing a 2018 book on economic equality.&l;/h3&g;&l;h2 class=&q;subhead-embed color-accent bg-base font-accent&q;&g;&l;strong&g;(5) Andrew McCollum,&l;/strong&g; 35&l;/h2&g;&l;h3 class=&q;subhead3-embed color-body bg-base font-accent&q;&g;Designed Facebook's initial logo. Now CEO of a TV streaming startup, Philo, which raised $40 million in July 2018.&l;/h3&g;&l;figure class=&q;image-embed embed-6&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fd38fa7ea43206f12834e/960x0.jpg?fit=scale&q; alt=&q;facebook-rule&q; data-height=&q;20&q; data-width=&q;900&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;And to hear Saverin talk about it, he's at peace with his Facebook past (and remains one of the biggest individual shareholders, with a 2% stake in the $475 billion company). Across two interviews, Saverin says the company is "incredibly close to my heart" and shares praise for Zuckerberg and COO Sheryl Sandberg's leadership. "I'm incredibly proud of what Mark has done, to build an institution of its size and value. He'll work hard to get things right," he says.&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Whether Saverin's serenity is the result of maturity or careful practice, it's unfaltering. As he speaks via Google Hangout in January, &l;em&g;Forbes &l;/em&g;asks if he's used a Facebook Portal, the video chat device the company launched in October to some criticism. Saverin bought one and hasn't opened it, but he's optimistic his son, now a toddler, will be one of Facebook's next billion members. "Today, hopefully he doesn't become a user at his age, he's too young. But hopefully it will preserve and be something then," he says.&l;/p&g;&l;p&g;In the years since he secured his once-in-a-lifetime stake—$2 billion at the time of IPO—he's embraced a new role as venture capitalist at B Capital, the firm he cofounded in 2015. While cofounder Ganguly oversees more of the day-to-day management, Saverin's on every investment call and oversees one key aspect of B Capital's strategy, its investments in Southeast Asia and India. Although he keeps a lower profile among Singapore's party set, now famous from &l;em&g;Crazy Rich Asians&l;/em&g;, access to Saverin is one key component of the B Capital pitch. "People come in expecting him to be a rock star," says Ganguly. &q;And he sits with the entrepreneur and starts asking about first-time delivery success rates."&l;/p&g;&l;figure class=&q;image-embed embed-18&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8ff4fb4bbe6f0d933bc72e/960x0.jpg?fit=scale&q; alt=&q;Bizongo&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Ganguly's worked with Saverin since 2012, when the friends from their Harvard days—Ganguly got his business school degree there—reconnected in Singapore. Saverin was already writing smaller checks to startups, but with Ganguly, a former consultant and vice president at Bain Capital, he set out to raise formal funds from outside investors. Their first effort was Velos Partners, an $80 million private equity vehicle with a consumer bent they launched with several other friends. But by 2015, Ganguly and Saverin split off with a new idea to build a firm around two points of distinction: a strong footprint in Southeast Asia, an emerging market with less competition for deals, and as a matchmaker for one of the world's most prominent consulting firms, Boston Consulting Group. &l;/p&g;&l;p&g;Look at B Capital's portfolio today—it's made about 20 investments—and you'll see a pattern of international opportunism. Saverin and Ganguly have favored companies involved in commerce and logistics, specifically European, Indian and Asian companies that don't make it onto Silicon Valley's radar and where their knowledge of local complexity can help. &l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;One example: Ninja Van. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2,000 people and works with 10,000 drivers. It's an expensive, complex business where B Capital stepped in to write a check when others balked. "Eduardo and the team asked the right questions," says Lai Chang Wen, CEO of Ninja Van. "They're able to give us a wider perspective across businesses and geographies." &l;/p&g;&l;figure class=&q;image-embed embed-21&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8ff588a7ea43206f128b8e/960x0.jpg?fit=scale&q; alt=&q;Desktop - MSWIPE&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Then there are more traditional VC-backed companies in healthcare and business software where B Capital's U.S. team pitches its access to BCG. Armed with deep knowledge and executive connections, consulting firms have tried their hand at venture capital investing for years. But venture arms have traditionally been viewed as distractions from the consultancies' core businesses and usually are the first projects to get cut when the economy slows. Ganguly's and Saverin's big idea was to provide much of the benefit with no strings attached. BCG is a passive investor in B Capital, meaning they only call in the consultants when founders ask. "It's the cherry on top of the cake," says Sam Bodas, CEO of Bellevue, Washington-based Icertis, a contract management software maker that has signed at least three multimillion-dollar deals from connections made by senior partners at BCG.&l;/p&g;&l;p&g;Those ties impressed B Capital's newest partner, Karen Appleton Page. The former Box and Apple executive is joining B Capital in its San Francisco office, giving the firm seven partners. Of the early days of Box, where she was the eighth employee and ran business development, Page says: "At Box, we would have given our teeth for those connections to BCG."&l;/p&g;&l;fbs-ad position=&q;topx&q;&g;&l;/fbs-ad&g;&l;p&g;Giving B Capital even more street cred: Howard Morgan, the cofounder of First Round Capital, known for his early investments in Uber and Warby Parker, came out of retirement in 2017 to become chairman of the entire firm.&l;/p&g;&l;p&g;B Capital is growing fast. But it's too early to say if Saverin's second act is a success. The firm hasn't had any exits yet. Only about half a dozen of its investments carry significantly higher valuations than when B Capital invested, and it got into its best-known brand—scooter company Bird—relatively late. But Saverin and Ganguly are optimistic. With its first fund nearly fully committed, B Capital will go out to raise a second fund expected to be twice as large, sources tell &l;em&g;Forbes&l;/em&g;. B Capital declined to comment on its fundraising plans.&l;/p&g;&l;figure class=&q;image-embed embed-16&q;&g;&l;div&g;&l;img src=&q;https://specials-images.forbesimg.com/imageserve/5c8fe90d31358e79cabee1e1/960x0.jpg?fit=scale&q; alt=&q;Ninja Van&q; data-height=&q;1063&q; data-width=&q;1920&q;&g;&l;/div&g;&l;figcaption&g;&l;fbs-accordion&g;&l;p class=&q;color-body light-text&q;&g;&l;/p&g;&l;/fbs-accordion&g;&l;/figcaption&g;&l;/figure&g;&l;p&g;Founders who meet with Saverin and B Capital in 2019 can't be sure they're sitting down with a future Midas List-caliber tech investor or a billionaire dilettante. But as in his second act as venture capitalist, Saverin is uniquely positioned to guide entrepreneurs through the perils of success. Facebook famously implored its early employees to "move fast and break things." Fifteen years later, its estranged cofounder offers up a twist on the old motto for 2019: "Make mistakes all the time, but learn from it immediately," Saverin says. "Apologize if it affects anyone else. And make sure you don't make that mistake again."&l;/p&g;&l;p&g;&l;em&g;Cover photograph by Bryan van der Beek for Forbes&l;/em&g;&l;/p&g;&q;,&q;bodyAsDeltas&q;:&q;