Goldman Sachs issued its first of a 3-part conference call covering the Canadian market, and it noted that the stimulation outlook is improving. Its preference in the first of three notes is for oil…
Renewable Energy Group has withdrawn its application to come public via an IPO. You can probably guess the culprit: "….current market conditions do not support a public offering of the Registrant’s Common Stock at…
Shares of Ascent Solar Technologies (NASDAQ: ASTI) are down over 13% this morning after the company filed with the SEC Friday to sell common stock worth $80 million. $80 million doesn’t sound like much…
Oil hit nearly $112 today. The debate now is not over whether oil will be at $100 for the near-term. Traders and economists are focused on whether a recession will take oil demand, and…
LDK Solar Co., Ltd. (NYSE: LDK) came out with projections showing thats backlog for its solar wafer capacity is fully booked for 2008 and more than 90% booked for 2009. The company confirmed that…
If gasoline prices move from their current average price of $3.20 to $5, the cost of fuel for a family that spends $50 a week for gas would move up over $1,000 a year.…
Suntech Power Holdings Co., Ltd. (NYSE: STP) has priced $500 million of 3.00% Convertible Senior Notes that are due in 2013 in a private offering to qualified institutional buyers. What is interesting about the…
OPEC President Chakib Khelil says that petroleum prices will stay at the current levels until the end of the year. Call him an optimist. For the US, that means $108 crude and gas prices…
ECB member Axel Weber say the central bank cannot cut rates further in the face of the rising inflation which will be caused by the high cost of oil. “The surge in oil prices…
Most of the business and economic headlines splashed across the media are related to fears that the credit crisis will further erode the default rate on mortgages and drive more huge losses at US…
If you thought oil prices of today are high with oil prices north of $105/barrel, imagine what a $120/barrel, or $150/barrel, or even $200/barrel oil would do. A firm called United Energy now has…
Goldman Sachs says that several factors could cause oil to spike to $200. "As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or…
Using its nice, light touch, OPEC tried to push the cause of high oil prices onto the US government. According to The Wall Street Journal "Ministers from the Organization of Petroleum Exporting Countries, meeting…
K-Sea GP Holdings LP has filed to come public via an initial public offering this morning. It has filed to sell up to $100 million in LP units for filing purposes, although that number…
Oil prices are at $100 and may go higher. OPEC says that is because of speculators driving the prices up. The US government says it is supply. Over time, supply wins the argument. At…