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EIA Reports Surprise Gas Build - Analyst Blog

Fri, 04 Dec 2009 18:36:55 GMT

In its weekly release yesterday, the Energy Information Administration (EIA) reported a surprise 2 billion cubic feet (Bcf) addition to natural gas stockpiles for the week ended November 27, far off analyst expectations that hoped for inventories to remain flat, or possibly even show a drawdown. This takes the current storage level to a new record high of 3.84 trillion cubic feet (Tcf), which is up 14.0% from last year's level and 14.5% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 470 Bcf above last year’s level and 487 Bcf above the five-year average. The inventory addition was in sharp contrast to the five-year-average net withdrawal of 43 Bcf and last year's drawdown of 64 Bcf.?? ? ? The relentless increase in gas storage levels has meant that[More...]

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Oil And Natural Gas Investments: Why You Should Buy Black Gold Now

Thu, 03 Dec 2009 14:42:35 GMT

Some day in the future, human beings will likely colonize Mars. But if I suggested you invest in its colonization now, you'd rightly think I was a few cards short of a full deck.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Chevron to sell Australian gas to Tokyo Electric

Sat, 05 Dec 2009 17:47:00 GMT

SAN RAMON, Calif. - Chevron Corp. on Saturday said it has signed a deal with Tokyo Electric Power Co. to deliver liquefied natural gas for up to 20 years from the Wheatstone Project in northwestern Australia.
Chevron also said TEPCO intends to acquire 15 percent of Chevron's share in the Wheatstone field licenses, and 11.25 percent of the Wheatstone natural gas processing facilities that will be built onshore near Onslow in northwestern Australia.
The agreement with Chevron Australia Pty Ltd. makes TEPCO a major customer for the natural gas from Wheatstone.

: iStockAnalyst.com Symbols Feed

EIA Reports Surprise Gas Build - Analyst Blog

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Oil And Natural Gas Investments: Why You Should Buy Black Gold Now

China Will Continue To Drive The Global Economic Recovery In 2010

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Chevron to sell Australian gas to Tokyo Electric

Chesapeake earns two honors from industry group

Weak demand depresses natural gas

Air tests at natural gas drilling sites fuel concerns in Barnett Shale

Smithfield Township adopts 2010 budget

Talks on gas pipeline's route raises larger issues

New grassroots group to push for more Barnett regulation

Gov't fines El Paso Corp., subsidiary $2.3 million

EDITORIAL: Relieving pressure on Fort Worth's Carter Avenue

Concerns come with increase in natural gas: Most robust reserves seem to be outside of W.Va., where fewer companies will drill

Basic Earth Joins in New North Dakota Horizontal Bakken Well

SilverCrest Mines Receives US$12 Million Funding Under Gold Purchase Agreement With Sandstorm Resources Ltd.

Rothman Research Initiates Research on Companies in the Basic Materials & Services Sectors

Analyst Choice Issues Updated Analysis on Companies Within the Basic Materials & Financial Sectors

Shareholders overwhelmingly endorse split of EnCana into two distinct and independent companies -- Cenovus Energy and EnCana

PicksThatMove.com Announces Investment Opinion on Bristol-Myers Squibb Co., Incyte Corp., EnCana Corporation, B2Gold Corp. and Medclean Technologies Inc.

El Paso Pipeline Partners to Present at RBC Capital Markets MLP Conference

RidgewaterEquity.com Free Fundamental Sector & Market Research on COH, EP, UNP, D, RSH and GBG

Financial and operating information filed for Cenovus Energy and post-split EnCana

PicksThatMove.com Announces Investment Opinion on MEGA Brands Inc., Yamana Gold Inc., Oracle Corporation, Imaging3 Inc. and New Gold Inc.

Form 4 Spirit AeroSystems Holdi For: Dec 02 Filed by: SCHMIDT ULRICH (10K)

Form 4 XTO ENERGY INC For: Dec 01 Filed by: Simpson Gary D. (10K)

Form 4 XTO ENERGY INC For: Dec 01 Filed by: KNIFFEN BENNIE G (10K)

Form 4 SOUTHWESTERN ENERGY CO For: Dec 01 Filed by: McCauley Jennifer N. (10K)

Form 4 APACHE CORP For: Dec 01 Filed by: DUNDREA MATTHEW W (10K)

Form 4 APACHE CORP For: Nov 27 Filed by: LAWRENCE GEORGE D (10K)

Form 4 APACHE CORP For: Nov 27 Filed by: GRAHAM PATRICIA ALBJERG (10K)

Form 4 APACHE CORP For: Nov 27 Filed by: FRAZIER A D JR (10K)

Form 4 APACHE CORP For: Nov 27 Filed by: EICHLER RODNEY J (10K)

Form 4 APACHE CORP For: Nov 27 Filed by: CRUM JOHN A (10K)