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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...]

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...]

Lawmakers ask Parnell to review '07 oil tax increase: STATE REPS: Group says evidence shows state may suffer.

Sat, 05 Dec 2009 16:47:00 GMT

Dec. 5--Fifteen state representatives wrote Gov. Sean Parnell on Friday to say they were "troubled by the mounting evidence that (Alaska's 2007 oil tax increase) may wind up doing more harm than good to future oil development."
The lawmakers noted that BP Exploration (Alaska) Inc. has said it will cut its Alaska spending by 15 percent next year.
The companies have said the 2007 increase are harmful for investment and jobs.

: 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?

Credit Market Overview: Dec 3, 2009

Lawmakers ask Parnell to review '07 oil tax increase: STATE REPS: Group says evidence shows state may suffer.

Chesapeake earns two honors from industry group

Chevron latest major to remove name from stations

Chevron withdraws name from filling stations

Weak demand depresses natural gas

Unified vision eludes energy corridor panel

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

Smithfield Township adopts 2010 budget

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

Talks on gas pipeline's route raises larger issues

ConocoPhillips Approves 2010 Capital Program

Basic Earth Joins in New North Dakota Horizontal Bakken Well

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

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

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

SemGroup Announces Chief Risk Officer Selection

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

Last Leg of Rockies Express Pipeline Completed

EnCana generates third quarter cash flow of US$2.1 billion, or $2.77 per share -- down 26 percent

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 CHESAPEAKE ENERGY CORP For: Nov 25 Filed by: Grigsby Jennifer M (10K)

Form 4 CHENIERE ENERGY INC For: Nov 25 Filed by: Gentle Meg (10K)

Form 4 CHENIERE ENERGY INC For: Nov 18 Filed by: Gentle Meg (10K)

Form 4 CONOCOPHILLIPS For: Nov 16 Filed by: MULVA JAMES J (10K)

Form 4 CONOCOPHILLIPS For: Nov 13 Filed by: Chiang Willie CW (10K)