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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...]

Daily Highlights: 11/13/09

Fri, 13 Nov 2009 13:09:43 GMT

Asian stocks fall, government bonds rally as oil drops; Yuan forwards rise.China this year rejected requests to build 47 projects worth 200B to curb excessive capacity.Copper prices falls as dollar gains for second day, stockpiles at six-month high.Dollar falls versus Krone, Aussie; Europe GDP growth optimism spurs yield demand.European Stocks Advance; Richemont, British Airways, Iberia Shares climbEurozone out of recession after 0.4% growthFHA reserves fall below legal limitHealth legislation being considered would force drug makers to disclose amount spent on continuing medical education classes for doctors.[More...]

Tickers For The Latest Portfolio Reshaping

Fri, 04 Sep 2009 15:45:21 GMT

Fortunately my portfolio management methods don’t revolve around frequent trading. One of my kids came up to me recently and said, “What did you do today, Dad?” I said, “I made one trade, and I did a bunch of research.” He then asked, “How often do you trade?” I answered, “That was my first trade in a week, and I haven’t traded much in the last two months, but that’s not normal. There is no normal for me. When the market is really volatile, I trade a lot more, selling when stocks are rising, and buying when they are selling off. When the market is relatively placid, I don’t do much.” He looked at me, kind of smiled, and moved on. Information overload from Dad. Most people and investment managers trade too often. They sell their winners too rapidly, and panic too soon on their losers. Now, I’m not advocating “buy and forget,” or Buffett’s statement, “Our favorite holding period is forever.”[More...]

Screening For Solid Dividend Payers

Fri, 12 Jun 2009 17:23:00 GMT

Regular readers of this blog know I place a premium on cash yields on my portfolio. But this emphasis on dividends has gotten me into trouble in the past. Yes, I’ll say it: “My name is Davy Bui and I am a recovering yield pig.” My past experiences with stocks like American Capital (ACAS) and Penn (...)[More...]

Avoid Gassy Names!

Sat, 23 May 2009 16:49:56 GMT

Highlights include Nabors Industries Ltd. (NBR), Patterson-UTI Energy, Inc. (PTEN), BJ Services Co. (BJS), EnCana Corp. (ECA), EOG Resources, Inc. (EOG) and Chesapeake Enery Corp. (CHK). Growing optimism about the economic outlook has pushed the equity markets significantly higher from the March 2009 lows. Crude oil and most of the other commodities have been active participants in the rally. As this first chart shows, natural gas has largely been[More...]

The Six Ways To Play Canada’s Oil Sector

Wed, 13 May 2009 16:40:00 GMT

With oil finally trading back above the $50-a-barrel level, it’s time to recognize that crude prices are probably not going to remain low for very long, and may end up fluctuating in the $50-$80 range - regardless of what happens to the prices of other co[More...]

May 5, 2009: Encana Looking Good

Tue, 05 May 2009 04:16:00 GMT

Encana is a large North American onshore producer of natural gas and crude oil, with major operations in Alberta, Canada (oil sands) and the United States. ECA's other operations include the transportation and marketing of crude oil, natural gas and natural gas liquids (NGLs), as well as the refining of crude oil and the marketing of petroleum by-products. ECA was the largest producer of natural gas in North America last year. While divesting oversea operations, Encana is still adding to assets through both acquisition of high-grade fossil fuel property and smart extraction techniques - all in the relative safety of North America. In short, the management team in place within Encana is using, producing and expanding assets better than almost any other company within their sector. A Chesapeake Energy (CHK) it is not - and that is a good thing. Trading at $50.99/share, ECA has popped up the past few weeks, but I believe it is a great long[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Canadian standards body unveils guide for oil and gas pipeline security

Wed, 25 Nov 2009 21:47:00 GMT

CALGARY - The Canadian Standards Association has published a blueprint to help oil and gas companies protect their pipelines from vandalism and sabotage - a need highlighted by recent bomb attacks on EnCana Corp.'s (TSX:ECA) operations in northeastern British Columbia.
CSA, in collaboration with the National Energy board, said Wednesday it has developed standards that pipeline owners and operators can use to identify risks and tailor systems to reduce those threats.
"We've already got a good system and this is going to make it better," said Suzanne Kiraly, president of standards for the CSA, a not-for-profit organization geared toward enhancing public safety and health.

: iStockAnalyst.com Symbols Feed

EIA Reports Surprise Gas Build - Analyst Blog

Daily Highlights: 11/13/09

Tickers For The Latest Portfolio Reshaping

Screening For Solid Dividend Payers

Avoid Gassy Names!

The Six Ways To Play Canada’s Oil Sector

May 5, 2009: Encana Looking Good

Market Report For Friday: Apr 17, 2009

Daily Report For Thursday, Apr 16, 2009

Daily Report For Tuesday, Apr 14, 2009

Canadian standards body unveils guide for oil and gas pipeline security

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.

Shell expects the Americas to have big role

An Energy Game-Changer?: Louisiana Shale Could Change Fate of U.S. Energy Supply

An Energy Game-Changer?: Louisiana Shale Could Change Fate of U.S. Energy Supply

Oil and Gas Industry Showing Slight Improvement in Weld

Oil and Gas Industry Showing Slight Improvement in Weld

Producers Look to the North for Latest Natural Gas Bounty

Seven Plays Dominate North America Activity

Energy Expo Caters to Teachers, Students

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.

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

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

EnCana Corporation's Subsidiary Cenovus Energy Commences US$ Private Debt Offering

EnCana Proceeds With Plan to Split into Two Distinct and Independent Energy Companies

CenterPoint Energy Field Services Signs Long-Term Agreements With EnCana & Shell to Expand Gathering and Treating Facilities in Haynesville Shale to 700 Million Cubic Feet Per Day

Energy Transfer Partners' Tiger Pipeline Announces Additional Volume Commitment

EnCana to present at EnerCom’s 2009 Oil & Gas Conference