Posts for Ticker ‘CPE’

Russell Booting Out Speculative Energy Stocks in Rebalances (AXAS, AKNS, AEZ, KAZ, CPE, CFW, CPST, DBLE, EXXI, FTK, GGR, GMET, GRH, TMR, MIND, NCOC, PEIX, QRCP, RAME, TIV, TRMA)

burning-money-picThis year is going to mark a significant change in the Russell rebalance and reconstitution at end of June.  Now that oil and other energy related commodities have been cut in half from the year ago highs, we are seeing a significant number of the smaller cap and more speculative companies tied to energy.  This is the list of companies which is getting the boot off of the Russell 3000 alone:

Delete    ABRAXAS PETROLEUM CORP. (AXAS)
Delete    AKEENA SOLAR INC. (AKNS)
Delete    AMERICAN OIL & GAS INC. (AEZ)
Delete    BMB MUNAI INC. (KAZ)
Delete    CALLON PETROLEUM (CPE)
Delete    CANO PETROLEUM INC. (CFW)
Delete    CAPSTONE TURBINE CORP. (CPST)
Delete    DOUBLE EAGLE PETROLEUM (DBLE)
Delete    ENERGY XXI (BERMUDA) LTD. (EXXI)
Delete    FLOTEK INDS INC. (FTK)
Delete    GEOGLOBAL RESOURCES INC. (GGR)
Delete    GEOMET INC. (GMET)
Delete    GREENHUNTER ENERGY INC. (GRH)
Delete    MERIDIAN RESOURCE CORP. (TMR)
Delete    MITCHAM INDUSTRIES INC. (MIND)
Delete    NATIONAL COAL CORP (NCOC)
Delete    PACIFIC ETHANOL INC. (PEIX)
Delete    QUEST RESOURCE CORP. (QRCP)
Delete    RAM ENERGY RESOURCES INC (RAME)
Delete    TRI-VALLEY CORP (TIV)
Delete    TRICO MARINE SERVICES (TRMA)

There will be updates to this list today and next Friday with the final decision list posted on Monday, June 29.  Of course, that means that some of these deletions might not get deleted in the final list.  A couple were tied to alternative energy in our minds, but were listed by Russell  as ‘consumer’ or ‘producer durables’ rather than in the broad “energy” group.

Jon C. Ogg

Posted on: June 19, 2009 – 7:44 am in Alternative Energy, Commodities, Index, Oil & Gas, , , , , , , , , , , , , , , , , , , , ,

Margin Calls Hit Execs Left & Right (AIV, BSX, CPE, CHK, DNR, LTM, PROV, PHM, SPA, STRL, WSM)

Burningmoney_2There are many C-Suite executive from Wall Street to main Street that didn’t exactly get their stock priorities right.  Many company executives are getting margin calls and are being forced to liquidate their stocks.  Some are for stocks in their own company, some are for stocks and general, and some are just forced to sell to meet margin calls for entirely different reasons unrelated to their companies.  below is a partial list of margin call victims from this week:

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Posted on: October 31, 2008 – 8:06 pm in Insider Activity, , , , , , , , , , ,