ConocoPhillips said Friday it has submitted a proposal to Alaskan officials to create a $30 billion pipeline from Alaska through Canada and into the lower forty-eight states. [...]
ConocoPhillips said Friday it has submitted a proposal to Alaskan officials to create a $30 billion pipeline from Alaska through Canada and into the lower forty-eight states. [...]
In the span of just one year, ethanol has "gone from panacea to pariah" in the eyes of many investors, the Wall Street Journal reports. [...]
Seriously, I do not understand how anyone can read the following and still believe the company from which it comes should be worth $134 million:
[...]
Oil fell below $90/barrel during overnight trading after Enbridge said Thursday it expects a quick restart to its ruptured pipeline one day after a deadly blast killed two workers and cut off 10% of the oil flowing to the U.S. from Canada. [...]
This is purely a technical trade. I like McDermott (MDR)
[...]
After announcing late Wednesday that an explosion occurred on part of its U.S.- Canada crude oil transmission mainline in Minnesota, shares of Enbridge Inc. (ENB) may be volatile in early trading.
[...]
As the price of crude oil flirts with $100 a barrel, investors might be tempted to keep a close eye on the commodity as a sign of where energy stocks are headed.
[...]
Gene
Coan does not worry about the price of gasoline, nor is he concerned with
his gas and electric bill.
[...]
Already,
the Western media is fanning speculation of a boost in Saudi oil output at the
upcoming OPEC meeting in Abu Dhabi, to placate
its military patron in Washington
and cool oil prices.
[...]
On November 26, Philips announced its intention to acquire Genlyte Group Inc. (NASDAQ: GLYT).
[...]
Is there enough Tellurium to meet the future needs of First Solar (FSLR) and other thin-film CdTe solar sell producers?
[...]
Fund manager Amit Chokshki attended this week's 3rd Annual New York Value Investing Congress on behalf of Seeking Alpha. Here are Amit's notes from the presentation of Scott Bommer, SAB Capital:
The potential here is just stunning for Dow (DOW). Russian natural gas monopoly OAO Gazprom and Dow signed a memorandum of understanding that outlines potential cooperation on projects in Russia and Germany. Gazprom said the companies will consider creating a joint venture based on Dow's new petrochemical facilities in Germany and cooperating in refining [...]
VeraSun (VSE) is buying U.S. Bioenergy (USBE) in an all stock purchase, paying .81 shares of VSE stock for each share of USBE, a premium of 11%. The value of the deal is about $700 million and will put VeraSun on par with ADM (ADM) as the leaders in ethanol production. Earlier [...]
Oil is currently up $1.50 to $92.50/barrel. The commodity has gotten very close to $100 twice now and failed to break through.
[...]
Did you know that there are indications that the Neolithic people used ethanol as a beverage 9,000 years ago? Ethanol was first used as fuel in 1840 as lamp fuel.
[...]
In a 13D filing on TXCO Resources, Inc.(TXCO), Daniel Loeb's Third Point LLC disclosed an 8% stake (2,750,000 shares) in the company. Loeb said the stock is undervalued and he cited concerns about the Company's ability to manage the opportunities of its development projects. Loeb intends to nominate three invididuals to the company's [...]
Canadian Natural Resources Ltd.'s (CNQ) announcement on Tuesday that it had reduced its capital spending and production guidance for 2008 has resulted in a number of price target reductions from the Street.
[...]
Crude oil prices took traders on a wild ride over the last two days, posting their largest decline since early January Tuesday and Wednesday, only to see a rapid reversal Thursday, after a Wednesday evening explosion shut down Canadian pipelines that typically supply 15% of [...]
An acquisition or two could be in the cards for Talisman Energy Inc. (TLM) now that the company has moved into growth mode, according to Canaccord Adams analyst Terry Peters.
[...]
There are numerous reasons to be bullish on solar right now.
[...]
As I wrote Tuesday during my discussion of the sale in CGG Veritas (CGV) the action in the oil services area is quite putrid.
[...]
The world of newsletter email advertising is a big one, with lots of money swirling around, but it's not all that complicated. You can see the same triggers bring about the same effect time and time again.
[...]
Here is what happens when you leave Paul alone on a plane with
laptop, and historical currency and crude oil data: You get a giant
longitudinal comparison of recent crude oil price trends across ten
major currencies.
[...]
Probably the most intriguing and fascinating company in the world is Energy Conversion Devices (ENER), also known as ECD, also known as Ovonics.
[...]
Google
Inc. (GOOG) demonstrated once again that it's not shy about throwing its weight around in
non-core business areas while melding business and social policy aspirations,
announcing on Tuesday that the company and its philanthropic arm, Google.org,
will launch a renewable energy venture.
[...]
CEO Bill Andrews and his team at Penn West Energy Trust (PWE) have been
busy as of late, reporting Q3 results along with announcing a big
merger with Canetic Energy Trust (CNE).
[...]
The EPA raised its renewable fuels standard for 2008 today to meet a
federal mandate that - at least - 5.4 billion gallons of ethanol be
blended into our (U.S) gasoline.
[...]
In the chart above, all of the companies listed besides Archer Daniels Midland (ADM) are pure ethanol plays. ADM is the 800 lb. gorilla in all things agricultural, including ethanol, with a $22 billion market cap. If the ethanol market started consolidating, I assume ADM would be buying.
Recent news has ethanol [...]
I've recently been reading a book titled Solar Revolution written by Travis Bedford, a fund manager and corporate buyout specialist.
[...]
Internet search behemoth Google Inc. announced Tuesday it is entering the field of renewable energy to find a technology that is less expensive than coal. [...]
Buy-recommended Royal Dutch Shell plc (RDS.A) offers currently estimated net present value [NPV] of $94 a share concentrated 51% on oil production, 33% on downstream refining/marketing and 14% on natural gas.
[...]
Buy-recommended Petro-Canada (PCZ) offers currently estimated net present value [NPV] of $65 a share concentrated 70% on oil production, 16% on downstream refining/marketing and 14% on natural gas.
[...]
Tracinda, the holding company owned by Kirk Kerkorian, has withdrawn its tender offer to take a minority stake in petroleum refiner Tesoro Corp. following Tesoro's adoption of a shareholder rights plan that Tracinda says is a poison pill. [...]
Google (GOOG) just announced a goal of developing renewable energy that is cheaper than coal. No market research required, everyone wants this one. What does Google bring to the table? Lots of venture capital style cash.
As stated on Monday, [Tracinda Says Rights Plan Threatens Tender] my Tesoro (TSO)
buy was based mostly on this Tracinda offer (along with hopes of crude
dropping, so margins for the industry would go up).
[...]
Continuing my search for a dividend paying energy stock, today we will look at Suncor Energy Inc which trades on both the NYSE and TSE under the symbol (SU).
[...]
On November 26, The Wall Street Transcript interviewed Stephen M. Hosmer, Executive Vice President and Chief Financial Officer of Royale Energy, Inc. (ROYL). Key excerpts follow:
[...]
I think a dream scenario is unfolding for clean energy stocks in the United States.
[...]
We’re always on the look-out for new and different market risk factors or betas. So with all the talk recently about alternative energy (such as a session at this Toronto energy conference next week hosted by AllAboutAlpha media partner Lipper HedgeWorld), we started wondering if there was actually a market risk factor [...]
With a gain of almost 135% in one year, Suntech Power Holdings Co. Ltd. (NYSE:STP) is one of the leading performers amongst solar stocks.
[...]
Few people know about a class of Canadian public companies that
trade on the stock market called Royalty Trusts.
[...]
Bear Stearns lifted its 2008 target price for West Texas Intermediate crude oil to $75 from a previous $60, while upgrading refiners BP (BP), Chevron (CVX) and Marathon (MRO). [...]
First Solar Inc. (FSLR) produces CdTe (Cadmium Telluride) based solar panels as their sole product.
[...]
Buy-recommended Occidental Petroleum (OXY) offers unlevered appreciation potential of 13%
to estimated net present value [NPV] of $77 a share that mostly depends on oil production. Third
quarter results reported today reached a new high in unlevered cash flow (Ebitda) on the strength
of rising crude oil price.
[...]
Buy-recommended ConocoPhillips (COP) offers unlevered appreciation potential of 28% to estimated net present value [NPV] of $112 a share that depends 54% on oil production, 24% on downstream refining/marketing and 23% on natural gas.
[...]
A couple of weeks ago, I attended the Geopowering the West Investors' Forum in Montrose, Colo. (hosted by the Delta-Montrose Electric Association,
Colorado's most progressive Rural Electric Cooperative.) I've long been
interested in geothermal stocks, and I first started adding them to
managed portfolios in 2003.
[...]
From Stephen Gordon comes this chart:
Gordon notes that the Canadian dollar/yen exchange rate today is pretty much the same as it was back on September 4, which means that the price of oil has risen about the same amount in both currencies - [...]
Occidental Petroleum Corporation became the second U.S. company in a week to ink an energy exploration and production deal with Libya. [...]
Jefferies is out with an interesting call, saying they believe that global solar module ASP is set to decline by 15% in 2008E due to the rising percentage of sales to mature and lower priced solar markets. They expect that solar module supply will expand from 2.5 GW in [...]
It's not clear who first coined the term "Oil Vigilantes", but it's a safe bet that you'll hear it at least a few more times before oil is done rising in price. And it's a safe bet that oil isn't going to stop rising in price any time soon as long as [...]
On November 7, Chesapeake Energy (CHK) reported Q3 results (see conference call transcript):
[...]
There is a new Prime Minster in Australia. Kevin Rudd is replacing John Howard, who was in the office for almost 12 years. So why am I talking about some political news out of Australia on an American financial blog? Well it all has to do with the environment. [...]
Vertical integration in this context refers to integrating
the different steps in the Polysilicon Based Solar Module production process.
[...]
BPZ Energy (Amex: BZP) is up more
than 50% in the past two months. The
reasons are not hard to find.
[...]
A couple of Solar Technology firms have resisted the pull of gravity that has plagued the sector the past few weeks.
[...]
The price of oil continues to drive towards $100 dollars a barrel but what is it really worth?
[...]
A Carbon Conundrum for Christmas
Do we have to choose between happy kids this Christmas, and a happy future for those kids? Practically everything we buy has a negative environmental impact. If green consumption is an oxymoron, so is green giving. Are we left with only greener giving? It often seems that [...]
A Carbon Conundrum for Christmas
Do we have to choose between happy kids this Christmas, and a happy future for those kids? Practically everything we buy has a negative environmental impact. If green consumption is an oxymoron, so is green giving. Are we left with only greener giving? It often seems that [...]
Frank McAllister, CEO of Stillwater Mining (SWC), would call palladium a Cinderella Metal. I agree with him not only on the reasons he cited but more importantly because palladium (Pd) really is a very romantic fairy tale metal that breaks several known physics laws, literally. [...]
The nature of business is cyclical. No matter what.
Take the oil sector for example.
[...]
No,
I’m not talking about the new hit ABC show or it star, Tripp Darling, AKA Donald Sutherland.
[...]
There have been no shortage of interesting solar companies to look at this year as evidenced by my articles on LDK Solar (LDK), Suntech Power (STP), and Trina Solar (TSL).
[...]
Here is an update on a global pressure point that could shove markets through $100 oil this weekend.
[...]
Investments in alternative energy have been a no brainer in recent times in the wake of the crude rally.
[...]
What a difference a single dollar makes.
[...]
Stock manipulation takes many forms. While it is always unethical, some
of the recent practices are borderline illegal. Let’s take the actions
of analysts in Cummins (CMI) recently as an example.
[...]
Oil prices neared $100 per barrel as hundreds of leading investors converged at the Pacific Growth Equities Clean Technology Conference. A number of exciting companies presented next generation biofuels that promise to reduce the nation’s dependency on foreign oil. Look for a freedom harvest.
Corn ethanol is likely to continue its strong growth [...]
The profitability of ethanol producers has been hit by rising commodity prices and a sharp reduction in the price of ethanol. [...]
Good ol' Jay Leno once said that "politics is just show business for ugly people". And thanks to the politicians the sexy solar sector just got ugly. Solar investors have been driving up valuations as if solar was going to take over the world tomorrow, and these investors have now been [...]
Continuing from my analysis of Exxon Mobil Corporation, a Dividends Matter reader had suggested ConocoPhillips
which trades on the NYSE under the symbol (COP).
[...]
I would like to increase the diversification of our portfolio of superior dividend yielding stocks.
[...]
The media is focused on oil as never before.
[...]
The folks over at The Oil Drum
were understandably a little excited yesterday as the subject of "Peak
Oil" finally made it onto the front page of the Wall Street Journal.
[...]
UBS Securities has revised its assumptions for commodity prices and
the positive impact will be felt most in crude oil-weighted names.
[...]
I read an article in this week's Economist that summarized well what I've been hearing over the past few weeks: coal is back in fashion with power utilities. As pointed out in the article, on a BTU basis, coal remains the cheapest fuel for thermal generation, and [...]
Shares of Exxon Mobil finished more than 4% higher Tuesday, after UBS analysts recommended buying the oil company. UBS increased its price target for Exxon to $96 from $92. [...]
Schlumberger Ltd. (SLB) looks as vulnerable as the stock market, and maybe more so.
[...]
Okay, let's try and make this clear, for the umpteenth time. If countries with large dollar-based foreign-exchange reserves increasingly invest those reserves in euro-denominated assets rather than dollar-denominated assets, that's bad for the dollar. That's true whether the country in question is an oil importer, [...]
A source from within Saudi Arabia has come public with a floor price for oil of $100 a barrel in 2010, lending strength to the outlook for our buy recommendations from Imperial Oil (IMO) to Cimarex Energy (XEC).
[...]
Following up on the identical strategy for the buy in Agco (AG), I started a new position in Massey Energy (MEE),
[...]
In talking to others about the current concerns facing our economy, I’m often asked questions such as how one should play the high oil prices, where do I see potential fallout from the financial sector, and, most often, how am I positioning my personal portfolio?
[...]
In talking to others about the current concerns facing our economy, I’m often asked questions such as how one should play the high oil prices, where do I see potential fallout from the financial sector, and, most often, how am I positioning my personal portfolio?
[...]
Buy-recommended XTO Energy (XTO) offers unlevered appreciation potential of 15% to estimated net present value [NPV] of $75 a share revised up from $60 a share with continued strong cash flow generation.
[...]
A positive industry outlook supports our buy rating on BP plc (BP) stock despite a lowering of
estimated net present value [NPV] to $75 a share from $87 a share.
[...]
As far as oil goes, when Boone Pickens speaks, people listen.
[...]
VeraSun Energy (VSE) is the largest pure play ethanol producer. Ethanol producers have taken a hit due to the double whammy of lower ethanol prices and higher corn prices. VeraSun did manage to stay in the green with a 7 cent per share profit, but things are definitely tough in the corn belt.
[...]Since I first profiled Electro Energy Inc. (EEEI) on September 16, the stock fell substantially to as low as 30 cents, and just recently has shot back up to the price it was when I wrote the article, a very cheap 50 cents.
On November 19, The Wall Street Transcript interviewed Thompson Jewell, Chief Executive Officer of Austral Pacific Energy Ltd. (AEN). Key excerpts follow:
[...]
I'm not a currency trader, nor am I an energy trader, nor do I work for a central bank (thank heavens - ed). Thus, I must be missing something.
[...]
Thursday morning I was informed that Senate Majority Leader Harry Reid
and House Majority Leader Nancy Pelosi have reportedly decided to
remove the federal renewable portfolio standard [RPS], as well as all
tax provisions benefiting renewables from the proposed U.S. Energy Bill.
[...]
If you want to invest in an energy resource that's cheap, has a dependable supply and a proven track record, don't forget about coal. In the very (very) long term, it may become obsolete, but for the foreseeable future coal is an excellent investment for an energy source that can immediately step in [...]
But
really, that’s not the reason of this write-up.
[...]
The market has fallen sharply, and Solar stocks have fallen even more following rumors that Congress will pass the Energy Bill without the Production Tax Credit or Investment Tax Credit. Given this volatility and Renewable Energy's reputation for profitless startups, now might seem like an excellent time for a risk [...]
