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Wall Street Ends Volatile Session Mixed, Merck (NYSE: MRK) Soars

Wed, 04 Nov 2009 22:15:28 GMT

US stocks finished mostly higher on Wednesday after Federal Reserve left benchmark interest rate unchanged at near zero and said that it will keep them low for an extended period.[More...]

US Stock Futures Rise Ahead Of Fed, Kraft Foods (NYSE: KFT) Eyed

Wed, 04 Nov 2009 12:59:30 GMT

US stock futures advanced on Wednesday as investors awaited the outcome of the US Federal Reserve meeting.[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...]

Profit From Dwindling Oil Supplies

Mon, 24 Aug 2009 13:26:52 GMT

The world may be headed for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production. The scenario may come true according to Dr. Fatih Birol, the chief energy economist at the respected International Energy Agency (IEA). The IEA is charged with the task of assessing future global energy supplies by countries of the OECD – Organization for Economic Cooperation and Development. Recently, the IEA conducted the first-ever assessment of the world’s major 800 oil fields, which cover three quarters of global reserves.[More...]

Wall Street Slips On Weak Economic Data, Bank Of America (NYSE: BAC) Soars

Wed, 05 Aug 2009 23:14:39 GMT

US stocks finished with losses on Wednesday as investors were rattled by weak services sector and ADP data.[More...]

US Stock Futures Retreat After ADP Data, Procter & Gamble (NYSE: PG) In Spotlight

Wed, 05 Aug 2009 12:51:35 GMT

US stock futures declined on Wednesday after a ADP survey reported private-sector shed an estimated 371,000 jobs in the July.[More...]

Parsing The Fed's Statement

Wed, 24 Jun 2009 20:24:23 GMT

Contraction Slowing, Inflation Not Immediate The Fed's statement from this month's meeting is presented below, along with its previous statement from the April meeting and my interpretation and commentary interspersed. "Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Household spending has shown further signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Businesses are cutting back on fixed investment and[More...]

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...]

Daily Credit Summary: June 15 - June Unwinds

Mon, 15 Jun 2009 22:15:41 GMT

Spreads were broadly wider in the US as all the indices deteriorated (as IG underperformed HY and made new June wides). Indices generally outperformed intrinsics with skews mostly narrower as IG underperformed but narrowed the skew, HVOL outperformed but widened the skew, ExHVOL intrinsics beat and narrowed the skew, XO's skew increased as the index outperformed, and HY outperformed but narrowed the skew. The names having the largest impact on IG are Transocean Ltd. (-4.16bps) pushing IG 0.03bps tighter, and CIT Group Inc (+65.04bps) adding 0.37bps to IG. HVOL is more sensitive with International Lease Finance Corp. pushing it 0.06bps tighter, and CIT Group Inc contributing 1.65bps to HVOL's change today. The less volatile ExHVOL's move today is driven by both Transocean Ltd. (-4.16bps) pushing the index 0.04bps tighter, and Valero Energy Corp. (+16bps) adding 0.16bps to ExHVOL. [More...]

Rising Oil Prices: Here’s Four Ways To Play Crude Oil

Thu, 11 Jun 2009 20:59:07 GMT

Rising Oil Prices: Here’s Four Ways To Play Crude Oil by David Fessler, Advisory Panelist Oil is trading well over $70 a barrel - at its highs for this year - and just off nine-month highs of $73.20, seen last October 21, oil has been steadily rising. Oil prices have risen nearly 100% since their $38 a barrel lows seen last January. Unfortunately - at a time when consumers can’t afford a wallet drain - retail gasoline prices across the United States have risen to $2.55 a gallon on average, and over $3.00 a gallon in places like California. As you drive by the gas station and see the now familiar price changes - sometimes by the hour - you might wonder what’s[More...]

Contractors' Earnings Fall Amid Brighter Deepwater Forecasts

Mon, 14 Sep 2009 17:46:00 GMT

Drilling Offshore drilling con- tractors reported declines in second-quarter 2009 net earnings and contin- ued stacking rigs, while oil companies coped with less cash flow to finance drilling during an economic downturn and slowing growth in world oil demand.
Drilling giant Transocean Ltd. of Geneva, Switzerland, reported seven rig leases were canceled or terminated as of early August and its rig utilization rates are down across all rig categories.
The dynamically positioned, double-hulled Discoverer Clear Leader is the first of five Transocean ultradeepwater Enterprise- class drillships scheduled to begin operating in 2009 and 2010 (OGJ, Mar. 6, 2006, Newsletter).

: iStockAnalyst.com Symbols Feed

Wall Street Ends Volatile Session Mixed, Merck (NYSE: MRK) Soars

US Stock Futures Rise Ahead Of Fed, Kraft Foods (NYSE: KFT) Eyed

Tickers For The Latest Portfolio Reshaping

Profit From Dwindling Oil Supplies

Wall Street Slips On Weak Economic Data, Bank Of America (NYSE: BAC) Soars

US Stock Futures Retreat After ADP Data, Procter & Gamble (NYSE: PG) In Spotlight

Parsing The Fed's Statement

Inflation Under Control...For Now

Daily Credit Summary: June 15 - June Unwinds

Rising Oil Prices: Here’s Four Ways To Play Crude Oil

Contractors' Earnings Fall Amid Brighter Deepwater Forecasts

BP's Oil Find is Big, but Miles Out and Down: Petrobras, ConocoPhillips Also Stakeholders in Field

BP Gulf Oil Find May Hold 3 Billion Barrels: Petrobras, ConocoPhillips Also Stakeholders in Field

Addax Petroleum Announces Record Production in Second Quarter 2009 Results

The Fed: It's Not Easy Being Ben

Services/Suppliers

Shell and Chevron Plan Storm Tweets

Pickens Boosts Holdings in Energy Companies

Oil Workers Stay Put in a Downturn

Credit Quality Slips Further in Oil and Gas Sector

ConocoPhillips up 21% Since Added to Galtstock Long-Term Portfolio

Transocean Ltd. Reports Third Quarter 2009 Financial Results

Transocean Ltd. Provides Fleet Status Report

Transocean Ltd. Announces Ultra-Deepwater Semisubmersible Rig Deepwater Horizon Awarded Three-Year Contract Extension

Transocean Ltd. Ranked Among World's Top 50 Companies in Latest Carbon Disclosure Project 2009 Global 500 Report

Transocean Ltd. Provides Fleet Update Summary

Transocean Ltd. Announces Ultra-Deepwater Semisubmersible Rig Sedco Express Awarded Contract By Noble Energy

Photo Release -- Transocean Ltd. Announces Steven L. Newman to Succeed Robert L. Long as Chief Executive Officer in First Quarter of 2010

Photo Release -- Transocean Ltd. Announces Ultra-Deepwater Drillship Discoverer Clear Leader Begins Five-Year Contract With Chevron

Transocean Ltd. Announces Ultra-Deepwater Drillship Dhirubhai Deepwater KG1 Begins Five-Year Contract

Form 4 CAUTHEN GREGORY L For: Aug 31 (10K)

Form 3 ROSA RICARDO H. For: Sep 01 (10K)

Form 4 GRIJALVA VICTOR For: Aug 27 (10K)

Form 4 Toma Ihab Magdy For: Aug 17 (10K)

Form 3 Toma Ihab Magdy For: Aug 17 (10K)

Form 4 Saltiel Robert J. For: Aug 12 (10K)

Form 4 Briscoe John H For: Aug 12 (10K)

Form 4 Saltiel Robert J. For: Jul 21 (10K)

Form 4 Transocean Ltd. For: Jul 21 Filed by: LONG ROBERT L (10K)

Form 4 CAUTHEN GREGORY L For: Jul 21 (10K)