Energy Finance

Archive for July, 2008

Based On Reserves, Most E&P Stocks Look Cheap

Thursday, July 31st, 2008 Posted in Uncategorized | No Comments »

"Basing valuations solely on reserves, most stocks look cheap," says Jeb Armstrong, analyst at Calyon Securities (USA) Inc. "We have conducted a valuation analysis of 46 E&P companies based solely ... Read more..

10 Most Economically Powerful Cities

Wednesday, July 30th, 2008 Posted in Uncategorized | No Comments »

A list of the 10 most economically powerful cities in the world, compiled by Forbes, does not include the energy capital of the world, namely H-Town. What was Forbes thinking? Nonetheless, ... Read more..

Chesapeake Shale TV Channel

Tuesday, July 29th, 2008 Posted in Uncategorized | No Comments »

Chesapeake Energy Corp. is creating an online video channel called Shale TV to feature news and updates about the Barnett and other shale gas plays. The program is scheduled to begin airing this fall ... Read more..

U.S. Deficit Near $490B

Monday, July 28th, 2008 Posted in Uncategorized | No Comments »

Washington officials say the U.S. deficit is being driven to an all-time high by a sagging economy and the stimulus payments made to 130 million households in an effort to keep the country from ... Read more..

University Of Texas May Sell Reserves For $1B

Friday, July 25th, 2008 Posted in Uncategorized | No Comments »

The University of Texas System Board (UT) plans to sell some of its oil and gas reserves beneath its West Texas lands for about $1 billion. UT seeks to be paid up ... Read more..

Guess My Age

Wednesday, July 23rd, 2008 Posted in Uncategorized | No Comments »

There are many of us in the energy industry who have been around (a loooong time) to see the ups-and-downs and ins-and-outs of this cyclical business. The incredible technology we use ... Read more..

Petrodollars Shore Up Financial Markets

Wednesday, July 23rd, 2008 Posted in Uncategorized | No Comments »

Petrodollars could amount to almost $1.3 trillion dollars in 2008, based on a year-to-date average oil price of $112 per barrel, says Calyon Securities CLSA's head of China energy research, Gordon Kwan. ... Read more..

Link to BBC World News Oil debate

Tuesday, July 22nd, 2008 Posted in Uncategorized | No Comments »

Several Hart editors, including yours truly, recently attended a panel discussion regarding the future of oil. The event was held in Houston, televized on BBC World News, and the panel included our own ... Read more..

Corny Good News

Monday, July 21st, 2008 Posted in Uncategorized | 1 Comment »

Corn prices sank to a seven-week low today. Corn prices have fallen 20%, driven lower by ideal growing weather in the U.S. corn belt area and a drop in oil prices.  Grain prices rose ... Read more..

Gas Storage Surprise

Friday, July 18th, 2008 Posted in Uncategorized | No Comments »

The surprisingly large storage build of 104 billion cubic feet reported for the week ending July 11 suggests that electric utility gas consumption is lagging due to the economic slowdown, ... Read more..