Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial…
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate…
The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late…
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), has entered into a series of contracts with BrightSource Energy, Inc. While we consider most individual projects essentially as footnotes…
Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus estimates of…
These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to…
There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been Western…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent…
A ruling by an international arbitration court will lead to the divestiture by Newmont Mining Corp. (NYSE:NEM) of a portion of the company’s stake in an Indonesian mining firm. Newmont has 180…
Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the government had made…
A large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets fell apart,…
Now that final numbers from 2008 have been filed for most large US companies, 24/7 Wall St. is picking several stocks that are likely to double off of their lows, almost all…
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows. The time frame is by the end of 2010, which is…
The China Development Bank appears to be following the maxim of uber-capitalist Warren Buffet: Be fearful when others are greedy, and be greedy when others are fearful. This week the Chinese announced…
