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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...]

Geeks Trump Alpha Males As High Frequency Trading Takes Over

Thu, 03 Dec 2009 17:05:39 GMT

For those newer to the website, we have been early pointing out the changing character of the market, due to the increasing dominance of computer based trading. I first started noticing it in 2006, when the market was wickedly "calm" if you will... this was pre blog and I had been noting on some message boards how the S&P 500 had not dropped more than 1% in any 1 session for more than 10 months (I don't remember the exact figures but it was some absurd statistic). I began wondering about computer based trading and the increasing dominance of ETFs as "monolithic trading" began to really enter my conscience.[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...]

Yes Men offer a quick Fix

Thu, 03 Dec 2009 05:59:00 GMT

Dec. 3--Known for impersonating corporate CEOs and spokesmen in a practice they call "identity correction," Andy Bichlbaum and Mike Bonanno, the artist/activist duo known as the Yes Men, recently caused a stir by staging a hoax press conference as U.S. Chamber of Commerce executives announcing the chamber's newfound support of climate legislation.
Bichlbaum discussed the corporate pranksters' new documentary, The Yes Men Fix the World, which opens Friday at the Angelika Film Center.
Q: How much of a departure from your previous film, The Yes Men (2003), is The Yes Men Fix the World?

: 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

Geeks Trump Alpha Males As High Frequency Trading Takes Over

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

Yes Men offer a quick Fix

MGM Mirage, HSBC, Satyam, ING are big movers

Halliburton: Pemex reductions to hurt 4Q profit

Big Oil's lean look fuels area jobs fear: If cuts remain permanent, glory days may be over

OUR VIEW: west N.D. needs east's help: The valley should do what it can to help the boom in western North Dakota resound. And what the valley can do is a lot.

Unit Corp. net income takes drop: Earnings are down two-thirds from a year ago.

Earnings fall at Tulsa-based Unit Corp.

Green Movement Gaining Speed in Dallas-Fort Worth

Stakeholders to speak at NY gas drilling hearing

National Oilwell Varco Q3 Net Income Decreases

Ridgewater Equity Completes Analytical Study of Equities Within Financial & Basic Materials Sectors

Fitch Affirms Halliburton's IDR at 'A-'; Outlook Stable

Halliburton Provides Update on Mexico Operations

Unit Corporation to Present at the Raymond James Boston Fall Investors Conference

Royce Focus Trust (NASDAQ: FUND) as of October 31, 2009

Halliburton Awarded Contract to Provide Fluid Services for Total in Indonesia

RidgewaterEquity.com Free Fundamental Sector & Market Research on COG, NEM, ODP, DAL, NBR and PPG

Unit Corporation to Present at the Bank of America Merrill Lynch 2009 Energy Conference

Halliburton Awarded Integrated Turnkey Drilling Contract for South Ghawar

KBR Announces Third Quarter 2009 Results

Form 4 HALLIBURTON CO For: Dec 01 Filed by: Lotfy Ahmed H M (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: Nunez Craig W (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: PROBERT TIMOTHY J (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: MCCOLLUM MARK A (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: CORNELISON ALBERT O JR (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: Brown James S (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: Angelle Evelyn M (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: LESAR DAVID J (10K)

Form 4 HALLIBURTON CO For: Dec 01 Filed by: Pope Lawrence J (10K)

Form 4 NABORS INDUSTRIES LTD For: Dec 02 Filed by: WHITMAN MARTIN J (10K)