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Monthly Archives: May 2009

oil

As PetroChina (PTR) Buys Into Singapore Pet, Issues About Strategic Interests Rise

Posted: May 25, 2009 at 4:32 am

China Petroleum (PTR) is buying 45.5% of Singapore Petroleum for just over $1 billion and will probably move to purchase the balance of the company. China recently proposed a deal ...
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newspaper

Media Digest 5/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 25, 2009 at 3:36 am

Reuters:   Magna and Fiat improved bids for Opel as competition for the firm rose. Reuters:   The air cargo market, a key global indicator, has probably bottomed. Reuters:   Banks are coming ...
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Sunset

Asia Markets And Europe Open 5/23/2009

Posted: May 25, 2009 at 3:07 am

Markets in Asia were mostly higher. The Nikkei rose 1.3% to 9,347. The Hang Seng was up .6% to 17,172. The Shanghai Composite rose .5% to 2,610. At the open ...
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bank

The Next Catastrophe For Banks: $3.5 Trillion In Commercial Real Estate Debt

Posted: May 24, 2009 at 6:44 am

In a long, analytic article about commercial real estate, The New York Post points out that the debt backed by commercial real estate in the US has hit $3.5 trillion. The paper writes ...
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oil

Saudi Arabia Sees $75 Oil, Which Would Kill An Economic Recovery

Posted: May 24, 2009 at 6:04 am

Saudi Arabia's oil minister expects oil to move back to $75, about 22% higher than it is now. He also believes that OPEC will not have to cut production for ...
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Winter

GM (GM): Using Taxpayer Dollars To Put Taxpayers Out Of Work

Posted: May 23, 2009 at 6:19 am

The Administration is starting to face some resistance in Congress to its plan to put GM (GM) into Chapter 11 using Treasury money to sustain the company as it works ...
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Russia

Russians Want To Lose $200 Million On Facebook

Posted: May 22, 2009 at 10:33 pm

The Russians are coming! The Russians are coming! Based on a report in The Wall Street Journal, Digital Sky Technologies, a Russian investment group wants to put $200 million into ...
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Can Nanotech Make A Comeback For Investors? (ALTI, IBM, TINY, NSPH, PXN)

Posted: May 22, 2009 at 3:06 pm

How long has it been since nanotechnology was on the tip of everyone's tongue as the next great speculative investment frontier?  It seems like ancient history.  But we have seen ...
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Oil Well Image

Rig Counts Making Oil Supply Drops Self-Fulfilling (BHI)

Posted: May 22, 2009 at 12:13 pm

We have just seen the newest weekly data from Baker Hughes, Inc. (NYSE: BHI).  It is surprising how the rig count keeps heading lower and lower despite oil prices having ...
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Energy Star Logo

Unique Green Incentive: No Sales Tax on Energy Star Appliances

Posted: May 22, 2009 at 11:56 am

Whether your goal is to go as green as possible regardless of costs or if the goal is to simply cut down on utility expenses, appealing to everyone's pocketbook is ...
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Playboy Buyout Talk, Difficult Valuations (PLA)

Posted: May 22, 2009 at 11:00 am

Playboy Enterprises Inc. (NYSE: PLA) is sitting in a tough spot.  This morning there is a report that the company has the bunny franchise up for sale.  We have looked ...
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AAPL Weekly Headline Roundup: May 22

Posted: May 22, 2009 at 10:49 am

Our weekly headlines from 24/7 Wall St. partner Apple Investor News: (more...) ...
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Analysts: Tweaks May Not Save Congress’ Failed Foreclosure Fix

Posted: May 22, 2009 at 10:05 am

by Alexandra Andrews, ProPublica The Hope for Homeowners program was created by Congress last summer to help an estimated 400,000 homeowners avoid foreclosure. But it could more aptly be called ...
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oil

China to Blame for Higher Crude Prices?

Posted: May 22, 2009 at 9:28 am

Today's FT energy blog includes a post claiming that China is responsible for recent rises in crude prices because it is building its strategic petroleum reserve. The post cites satellite ...
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Refinery Image

Refiners in for More Trouble? (VLO, TSO, MRO, HES)

Posted: May 22, 2009 at 8:53 am

This week's report from the Energy Information Administration noted that "strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to moderate ...
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