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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...]

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...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

BJ Services posts loss in Q4

Wed, 25 Nov 2009 14:52:00 GMT

BJ Services Company, a provider of pressure pumping and oilfield services for the petroleum industry, has reported a net loss of $9.95 million, or $0.03 per diluted share, for the fourth quarter of fiscal 2009, compared to a net income of $168.09 million, or $0.57 per diluted share, for the same period of 2008.
BJ Services Company has reported a net income of $149.94 million, or $0.51 per diluted share, for the fiscal year ended September 30, 2009, compared to $609.36 million, or $2.06 per diluted share, for the fiscal 2008.
The company has reported revenue of $4.12 billion for the fiscal year ended September 30, 2009, compared to $5.36 billion for the fiscal 2008.

: 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

China Will Continue To Drive The Global Economic Recovery In 2010

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

Credit Market Overview: Dec 3, 2009

Grab Some Northern Exposure With EWC

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Why Barrick Closed Their Gold Hedge

BJ Services posts loss in Q4

BJ Services posts 4Q loss

San Juan County Gas Producers Prepare for Seasonal Downturn

Houston Chronicle Loren Steffy Column: COMMENTARY

Baker Hughes Inc. Buying BJ Services in $5.5 Billion Deal

Huntsman, Walt Disney, Shaw Group are big movers

Baker Hughes to buy BJ Services in $5.5B deal

Stocks end strong month with bought of selling

Stocks slide after sell-off in Asia

Baker Hughes Agrees to Buy BJ Services

Wall St Sense Undertakes Financial Research on Stocks Trading on Basic Materials, Financial & Services Sectors

Duke Realty Corporation Announces Renewal of Unsecured Revolving Credit Facility

Fitch Affirms Mineral Wells, TX's GO Bonds at 'A'; Outlook Stable

Duke Realty Corporation Announces Departure of Chief Operating Officer Robert Chapman

AXIS Capital Reports Third Quarter Operating Income of $152 Million

AXIS Capital Announces Preliminary Information Regarding Third Quarter 2009 Financial Results

The Mexico Fund, Inc. Publishes Portfolio of Investments in Connection With In-Kind Tender Offer

AXIS Capital to Release Third Quarter 2009 Financial Results on November 2, 2009

Duke Realty Corporation Announces Completion of Tender Offer By Duke Realty Limited for Its 6.95% Senior Notes Due 2011

Duke Realty Corporation Announces Expiration and Final Results of Its Any and All Tender Offer, Early Tender Date Results for Its 6.95% Senior Notes Due 2011 and Termination of Its Tender Offer for Other Series of Notes

Form 4 DUKE REALTY CORP For: Dec 01 Filed by: KENNEDY STEVEN R (10K)

Form 4 AXIS CAPITAL HOLDINGS For: Nov 18 Filed by: CHARMAN JOHN (10K)

Form 4 DUKE REALTY CORP For: Nov 15 Filed by: OKLAK DENNIS D (10K)

Form 4 DUKE REALTY CORP For: Nov 15 Filed by: KENNEDY STEVEN R (10K)

Form 4 DUKE REALTY CORP For: Nov 15 Filed by: FEINSAND HOWARD L (10K)

Form 4 DUKE REALTY CORP For: Nov 15 Filed by: CHAPMAN ROBERT M (10K)

Form 4 BJ SERVICES CO For: Nov 12 Filed by: SMITH JEFFREY E (10K)

Form 4 JISCHKE MARTIN C For: Oct 28 (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: THURBER LYNN C (10K)

Form 4 DUKE REALTY CORP For: Oct 28 Filed by: LYTLE L BEN (10K)