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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...]

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...]

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

Fri, 04 Dec 2009 07:49:00 GMT

Dec. 4--Anxiety about the risks of natural gas drilling has stayed mostly below the surface in North Texas.
Tests showing high concentrations of benzene and other toxic chemicals in air near drill sites and related facilities have brought a new focus on the natural gas industry and public health.
"Everything is on the table," said Terry Clawson, spokesman for the Texas Commission on Environmental Quality.

: 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

Grab Some Northern Exposure With EWC

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

Canadian standards body unveils guide for oil and gas pipeline security

Anadarko Petroleum discovers oil offshore Brazil

State worried about air pollution near Barnett Shale wells

State is asking Barnett Shale drillers to voluntarily cut air pollution

Shale gas skeptic draws companies' wrath

Pickens increases holdings in natural gas producers

Devon Energy narrows its focus: BusinessEnergy company to sell gulf, international holdings

Large gas company eyes area for drilling: EnCana Corp. will work with WhitMar Exploration Co. in seeking gas in the Marcellus Shale in the region.

Firm heads state's energy sector

RAM Energy Resources Reports 2009 Production Expected to Meet or Exceed Prior Guidance; Announces Preliminary Capital Budget for 2010

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.

Anadarko Announces Successful Pre-Salt Appraisal Offshore Brazil

Crimson Exploration Announces Third Quarter 2009 Financial Results

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

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

Schlumberger Announces Third-Quarter 2009 Results

Energy Transfer Partners' Tiger Pipeline Volume Commitments Reach Two Billion Cubic Feet Per Day

UBS Investment Bank Expands Energy Banking Team With the Addition of 18 Investment Bankers

Form 4 DEVON ENERGY CORP/DE For: Dec 02 Filed by: HOWARD ROBERT L (10K)

Form 4 SMETTE DARRYL G For: Nov 09 (10K)

Form 4 DEVON ENERGY CORP/DE For: Sep 17 Filed by: HILL JOHN A (10K)

Form 3/A DEVON ENERGY CORP/DE For: Sep 10 Filed by: Whitsitt William F. (10K)

Form 4 Taylor Lyndon C For: Jan 23 (10K)

Form 4 Whitsitt William F. For: Sep 10 (10K)

Form 4 DEVON ENERGY CORP/DE For: Aug 24 Filed by: HILL JOHN A (10K)

Form 4 RICCIARDELLO MARY P For: Jul 10 (10K)

Form 4 RICCIARDELLO MARY P For: Jun 03 (10K)

Form 4 MOSBACHER ROBERT A JR For: Jun 03 (10K)