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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...]

The Oil Services Industry's 3Q--A Fragile Recovery

Fri, 04 Dec 2009 14:17:26 GMT

We look back at the industry's third quarter and offer early thoughts on 2010.[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...]

Chevron latest major to remove name from stations

Fri, 04 Dec 2009 20:47:00 GMT

NEW YORK - Chevron will pull its name from about 1,100 service stations in eastern states, the oil giant said Friday.
BP PLC, Exxon Mobil Corp. and ConocoPhillips have stepped away from the retail side in varying degrees over the past 18 months.
Chevron Corp. says it will withdraw from motor fuels operations in Washington D.C. and 12 states from Indiana to South Carolina by the middle of 2010.

: iStockAnalyst.com Symbols Feed

EIA Reports Surprise Gas Build - Analyst Blog

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

The Oil Services Industry's 3Q--A Fragile Recovery

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

Chevron latest major to remove name from stations

Chevron withdraws name from filling stations

Alyeska Pipeline shifts jobs away from Chugach: HIGH COSTS: Up to 400 contract positions could be transferred to non-unionized service company.

Business Highlights

ConocoPhillips to cut 2010 capital program 10 pct

ConocoPhillips to cut 2010 capital program 10 pct

Federal panel OKs pipeline; it cuts through York County

Here comes the sun to charge your cell phone

Oklahoma Geological Survey to play role in geothermal energy search

ExxonMobil to resume drilling on Point Thomson gas field

Transocean Ltd. Provides Fleet Update Summary

ConocoPhillips Approves 2010 Capital Program

Basic Earth Joins in New North Dakota Horizontal Bakken Well

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

Transocean Ltd. Announces Ultra-Deepwater Semisubmersible Rig Development Driller III Begins 7-Year Drilling Contract for BP

Rothman Research Initiates Financial Research on Companies Trading in the Basic Materials, Services & Technology Sectors

Fitch Affirms ConocoPhillips' IDR at 'A'; Outlook Stable

The Fortune Financial Covers Financial & Sector Analysis for Technology and Basic Materials Companies

RidgewaterEquity.com Free Fundamental Sector & Market Research on BBL, LNC, PGN, RIG, OHI and R

Form 4 CORE LABORATORIES N V For: Dec 01 Filed by: Elvig Mark F (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 BAKER HUGHES INC For: Dec 01 Filed by: FERNANDES ANTHONY G (10K)

Form 4 CONOCOPHILLIPS For: Nov 30 Filed by: AUCHINLECK RICHARD H (10K)

Form 4 CONOCOPHILLIPS For: Nov 30 Filed by: Norvik Harald J (10K)

Form 4 CONOCOPHILLIPS For: Nov 30 Filed by: MCGRAW HAROLD III (10K)

Form 4 CONOCOPHILLIPS For: Nov 30 Filed by: WADE WILLIAM E JR (10K)

Form 4 CONOCOPHILLIPS For: Nov 30 Filed by: MULVA JAMES J (10K)

Form 4 XTO ENERGY INC For: Nov 23 Filed by: Simpson Gary D. (10K)