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Commentary: First Quarter GDP

Wed, 29 Apr 2009 15:44:48 GMT

Largest drop since early 1980s GDP fell 6.1% q/q annualized in 1Q well below consensus expectation of -4.6% and even below BAS ML forecast of down 5.5%. All investment-related segments of the economy showed significant pullback reflecting the global recession and the ongoing credit crunch that is making it difficult to complete projects. Commercial construction fell 44.2% in 1Q, which is the largest quarterly decline ever recorded going back to the late 1940s. The BEA noted significant declines in energy related drilling projects as well as sharp downturns in commercial, healthcare, power and communication building. Capex investment fell 33.8%, the 5th quarterly decline in a row and the deepest decline to date. The residential building sector fared just as poorly, down 38% in 1Q continuing a string of declines that stretch back to early 2006, but again the 1Q drop was the deepest decline so far in[More...]

Does Precision Drilling Belong In Your Portfolio? (Part II)

Mon, 09 Mar 2009 02:36:00 GMT

Here in Part II we will analyze the not so great part of Precision's business, the part that has driven its stock price down nearly 90%.[More...]

Grey Wolf Is Sent To The Doghouse

Tue, 23 Dec 2008 15:04:00 GMT

Last night, Grey Wolf (GW) announced that the number of its shareholders electing to be paid in cash (rather than Precision Drilling Trust shares) has “substantially exceeded” the amount of cash available for cash elections. Razor’s Edge readers will recall our August 25th, 2008 article (Grey Wolf Shareholders Should Hold Out for Better Offer!) which laid out the case for shareholders to reject the PDS offer based upon valuations. [More...]

Wall Street Tumbles, Major Indexes Plunge To Five Year Low, Citi Sinks

Thu, 20 Nov 2008 00:26:00 GMT

US stocks plunged on Wednesday, with key indices closing at 5 year lows, after Federal Reserve came out with dismal outlook for US economy. Uncertainty over the fate of Detroit's automakers and Citigroup continued to spook investors.[More...]

A Smart Acquisition in the Energy Services Sector and Good Income Too!

Tue, 02 Sep 2008 15:31:00 GMT

If you're like me, you appreciate a smart acquisition by a publicly-traded company. I like the oil services sector a lot, and I especially like the ones that pay fat dividends to shareholders.[More...]

Grey Wolf Shareholders Should Hold Out for Better Offer!

Mon, 25 Aug 2008 19:56:00 GMT

Sunday brought news that Precision Drilling Trust (PDS) would make another attempt to acquire Grey Wolf, Inc. (GW) for approximately $2 billion. There have been a flurry of rumors and bids for Grey Wolf since it put itself up for sale. Having already reje[More...]

Analyst Comments: CPFL Energia, Grey Wolf, Natural Resource Partners, Clayton Williams, Intellon, PetroChina, Unisys, Anthracite, Assurant, Americal International Group

Mon, 25 Aug 2008 19:45:00 GMT

We are downgrading our rating on CPFL Energia S.A. (CPL) from Buy to Hold as the second quarter results were below expectations. However, the outlook for the following quarters remain positive, mainly considering the growing demand for electricity in Braz[More...]

Mergers and Acquisitions Report: Grey Wolf, Inc. - Basic Energy Services

Thu, 10 Jul 2008 21:55:00 GMT

GW has announced recommendations supporting the merger transaction with BAS from two proxy firms -- Proxy Governance and Egan-Jones -- within the last two days.[More...]

Weekly Mergers and Acquisitions Report - Jul 2 2008 9:38AM

Wed, 02 Jul 2008 13:33:15 GMT

Huntsman Corporation (HUN) - Hexion Specialty Chemicals, FTD Group, Inc. (FTD) - United Online, Inc. (UNTD), William Wrigley Jr. Co. (WWY) - Mars, Inc.[More...]

Weekly Mergers and Acquisitions Reports (June 13th - June 19th)

Mon, 23 Jun 2008 13:58:26 GMT

Puget Energy (PSD) - Macquarie Infrastructure Partners, Take-Two Interactive Software (TTWO) - Electronic Arts (ERTS), Safeco Corporation (SAF) - Liberty Mutual Group[More...]

Farm Output Slows on Bad Weather

Fri, 15 May 2009 17:04:00 GMT

May 16--PHILIPPINE farm output grew at a slower pace in the first quarter this year amid earlier-than-usual inclement weather.In a statement, the Bureau of Agriculture Statistics (BAS) said the agriculture sector inched up 2.02 percent to P309.3 billion at end-March.
A proxy for economic output, GDP is the amount of goods and services produced in a country.
Romeo Recide, BAS director, said all sub-sectors posted "output gains," singling out palay production, which rose 5.13 percent, and chicken output, which increased 4.25 percent.

: iStockAnalyst.com Symbols Feed

Commentary: First Quarter GDP

Does Precision Drilling Belong In Your Portfolio? (Part II)

Grey Wolf Is Sent To The Doghouse

Wall Street Tumbles, Major Indexes Plunge To Five Year Low, Citi Sinks

A Smart Acquisition in the Energy Services Sector and Good Income Too!

Grey Wolf Shareholders Should Hold Out for Better Offer!

Analyst Comments: CPFL Energia, Grey Wolf, Natural Resource Partners, Clayton Williams, Intellon, PetroChina, Unisys, Anthracite, Assurant, Americal International Group

Mergers and Acquisitions Report: Grey Wolf, Inc. - Basic Energy Services

Weekly Mergers and Acquisitions Report - Jul 2 2008 9:38AM

Weekly Mergers and Acquisitions Reports (June 13th - June 19th)

Farm Output Slows on Bad Weather

Flint Hills Job Fair

As Refineries Button Up, Fuel Supplies Cause Concern: Wholesale Gasoline Prices Spike As Disruption Feared

Basic Energy Services to Present at the Barclays 2009 CEO Energy/ Power Conference

Basic Energy Services Reports Selected Operating Data for July 2009

Basic Energy Services Reports Second Quarter 2009 Results

Basic Energy Services, Inc. Prices Private Offer of Senior Secured Notes

Basic Energy Services Announces Preliminary Second Quarter 2009 Results

Basic Energy Services, Inc. Announces Private Offer of Senior Secured Notes

Basic Energy Services Announces Second Quarter 2009 Earnings Release and Conference Call Schedule

Basic Energy Services Reports Selected Operating Data for June 2009 and Credit Facility Update

Basic Energy Services, Inc. Announces Private Offer of $225 Million of Senior Notes

Basware Named a Top Innovator in Annual Supply & Demand Chain Executive 100 Awards

Form 4 BASIC ENERGY SERVICES For: Nov 04 Filed by: WEBSTER STEVEN A (10K)

Form 4 Garza Antonio O For: May 26 (10K)

Form 3 Garza Antonio O For: May 26 (10K)

Form 4 Tyner James E For: Mar 19 (10K)

Form 4 Rankin Mark D For: Mar 19 (10K)

Form 4 Rogers Doug For: Mar 23 (10K)

Form 4 Krenek Alan For: Mar 23 (10K)

Form 4 Swift Charles W For: Mar 23 (10K)

Form 4 Tyner James E For: Mar 23 (10K)

Form 4 Rankin Mark D For: Mar 23 (10K)