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Inflation Under Control...For Now

Wed, 17 Jun 2009 19:05:50 GMT

The release of the CPI confirms what the PPI showed yesterday -- that inflation is not a significant problem at the moment. In May, consumer prices rose just 0.1% on both a headline and on a core basis, as falling food prices offset increases in gasoline prices. Seasonal adjustment helped keep the reported increase in energy prices under control. The seasonally adjusted increase in gasoline prices was 3.1% for the month. What people actually paid at the pump jumped 9.6%. However, the effect of higher inflation readings a year ago, combined with the collapse of commodity prices last fall, left the year-over-year headline CPI with its biggest decline since 1950, falling 1.3%. The index for housing fell by 0.1% for the third straight month, and for the fourth time in seven months (the other three were unchanged). This was largely due to a decline in household energy prices. Note that natural gas prices have[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...]

Weekly Mergers and Acquisitions Report (11-17-08 to 11-21-2008)

Mon, 24 Nov 2008 12:54:00 GMT

NDS Group plc (NNDS) - News Corporation (NWS) : The European Commission officially started its review of this transaction yesterday, November 20. The EC has established a provisional review deadline of January 6, 2009 for this case (M.5274).[More...]

Grey Wolf a Buy on Merger - Analyst Blog

Fri, 31 Oct 2008 01:41:00 GMT

Grey Wolf (GW) reported solid third quarter results on the back of still-strong dayrates and the highest number of average rig count in its history. The company averaged 112 operational rigs during the quarter, up from 105 rigs in the previous quarter. Importantly, the pending merger with Precision Drilling Trust (PDS) remains on track. The combined entity, to be called Precision Drilling, will be a North American land drilling powerhouse with 371 rigs. We have lowered our estimates to reflect the expected soft demand outlook for onshore activities in the current low commodity-price environment. Our new 2008 and 2009 EPS estimates are $0.64 and $0.69, down from[More...]

Not To Be Trusted, Dead Cat Bounce Tuesday

Tue, 30 Sep 2008 14:03:00 GMT

Yesterday was the worst day for the energy groups I can recall. I was also the point drop leader for the Dow, S&P 500 and I think the third worst day for the Nasdaq. A quick summary goes something like, assurances Sunday night that the two sides of the House of Representatives had come together (...)[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...]

Analyst Comments: Grey Wolf, Public Storage, ATA, PetSmart, Dow Chemical, Patterson-UTI Energy, Torchmark, Reynolds, Cyberonics, DELL

Fri, 29 Aug 2008 18:29:00 GMT

Grey Wolf, Inc. (GW) has agreed to be acquired by Precision Drilling Trust (PDS) in a cash and stock valued at approximately $2 billion. Grey Wolf shareholders will own approximately 25% of the combined entity, to be called Precision Drilling. In particular, the GWPDS merger creates a North American land drilling powerhouse with 371 drilling rigs. In addition to getting the significant cash payout, GW shareholders benefit from Precision?s high-tech systems and technology. While we expect GW shares to essentially track PDS from here onwards, we are keeping our Buy recommendation and price objective unchanged. The company remains well positioned to capitalize on the improving operating environment given its large idle capacity, which[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...]

Oil Prices -- Off Peak Highs for Good?

Sat, 09 Aug 2008 18:02:00 GMT

With oil prices sliding down after an extended strong climb upward, we thought it might be time to check in with Director of Zacks Equity Research Dirk van Dijk, CFA to see if it's time to switch up an investment strategy based on this outcome.[More...]

Metro Dalton's September Unemployment Rate is 12.4 Percent

Thu, 22 Oct 2009 23:51:00 GMT

Oct. 22--The preliminary unadjusted unemployment rate in the Metro Dalton area (Whitfield and Murray counties) dropped to 12.4 percent in September, down from a revised 12.5 percent in August, the state Department of Labor said Thursday.
The unemployment rate for the Northwest Georgia area, which includes 15 counties including Whitfield and Murray, declined to 11.1 percent in September, down from a revised 11.2 percent in August.
The number of unemployed workers in the Metro Dalton area decreased by 157, from 7,942 in August to 7,785 in September, the DOL said.

: iStockAnalyst.com Symbols Feed

Inflation Under Control...For Now

Grey Wolf Is Sent To The Doghouse

Weekly Mergers and Acquisitions Report (11-17-08 to 11-21-2008)

Grey Wolf a Buy on Merger - Analyst Blog

Not To Be Trusted, Dead Cat Bounce Tuesday

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

Analyst Comments: Grey Wolf, Public Storage, ATA, PetSmart, Dow Chemical, Patterson-UTI Energy, Torchmark, Reynolds, Cyberonics, DELL

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

Oil Prices -- Off Peak Highs for Good?

Metro Dalton's September Unemployment Rate is 12.4 Percent

Metro Dalton Jobs Down 7.8 Percent in August From Last Year, DOL Reports

Evening Standard, London, Market Report Column

New Zealand Opts for Greener Power

City Raises Concerns of Expo Center Plumbing Project

Back to the Source: Pepperell Plant Joins Movement to Hydropower

New Lexmark Application Helps Visually Impaired

Palestinians in Kuwait Speak About Gaza Events

Uptown Restaurant GW Fins Closes

Movers: AIG, Lehman, Healthways, LDK Solar, Noven Pharma

Grey Wolf, Inc. Announces Preliminary Oversubscription of Cash Merger Consideration and Reminds Shareholders of Transfer Restrictions on Deposited Shares

Precision Drilling Trust and Grey Wolf, Inc. Announce Merger Consideration Election Deadline of December 19, 2008 in Connection with Proposed Merger

Precision Drilling Trust and Grey Wolf, Inc. Announce Merger Consideration Election Deadline of December 19, 2008 in Connection With Proposed Merger

Precision Drilling Trust and Grey Wolf, Inc. Clarify Merger Agreement and Move Grey Wolf Special Meeting Date to December 23, 2008

Precision Drilling Trust and Grey Wolf, Inc. Clarify Merger Agreement and Move Grey Wolf Special Meeting Date to December 23, 2008 - Business Wire

Precision Drilling Trust and Grey Wolf, Inc. Clarify Merger Agreement and Move Grey Wolf Special Meeting Date to December 23, 2008 - Market Wire

Zacks Analyst Blog Highlights: Grey Wolf, Inc., Precision Drilling Trust, Ball Corp., CEMIG SA and The Wet Seal, Inc.

ISS RiskMetrics and Proxy Governance Recommend Grey Wolf Shareholders Approve Merger with Precision Drilling

Zacks Analyst Blog Highlights: Lan Airlines S.A., Sierra Wireless Inc., Grey Wolf, Inc., Precision Drilling Trust and Arena Pharmaceuticals, Inc.

Grey Wolf, Inc. Announces Operating Results for the Quarter Ended September 30, 2008

Form 4 CROWLEY DAVID For: Dec 23 (10K)

Form 4 ROSE ROBERT E For: Dec 23 (10K)

Form 4 GREY WOLF INC For: Dec 23 Filed by: WEBSTER STEVEN A (10K)

Form 4 WEHLMANN DAVID W For: Dec 23 (10K)

Form 4 BROWN FRANK M For: Dec 23 (10K)

Form 4 DONOVAN WILLIAM T For: Dec 23 (10K)

Form 4 CROWLEY DAVID For: Jul 30 (10K)