Energy Finance

Archive for October, 2008

Fed Cuts Key Interest Rate To 1%

Wednesday, October 29th, 2008 Posted in Uncategorized | No Comments »

The Federal Reserve cut a key interest rate by half a percentage point to revive an economy hit by the most severe financial crisis in decades.The Central Bank reduced its ... Read more..

Financing Issues May Delay Newbuild Rigs

Tuesday, October 28th, 2008 Posted in Uncategorized | No Comments »

"We believe that the tightening credit markets and lower commodity prices may temporarily delay some rig construction programs," says Mark Urness, analyst with Calyon Ssecurities. "These delays could result in deferment ... Read more..

Drill It, Acquire It, Or Buy It Back?

Monday, October 27th, 2008 Posted in Uncategorized | No Comments »

E&P is a capital allocation game, and in a capital intensive industry, driven by a depleting asset base, the capital allocation process is perhaps the single largest driver of future ... Read more..

Lower Oil And Gas $ Forecast

Friday, October 24th, 2008 Posted in Uncategorized | No Comments »

To reflect changing market conditions, Calyon Securities is adjusting its valuation methodology and now bases all target prices on a blend of 50% of net asset value and 2009 estimates ... Read more..

Greenspan Finds A Flaw

Thursday, October 23rd, 2008 Posted in Uncategorized | No Comments »

Former federal reserve chairman Alan Greenspan said at a congressional hearing today that a flaw in his free-market ideology contributed to a "once-in-a-century credit tsunami," according to Bloomberg News. "I found ... Read more..

Wal-Mart, U.N. Tell China: Stop Poisoning Our Babies

Wednesday, October 22nd, 2008 Posted in Uncategorized | No Comments »

Wal-Mart Stores Inc. will set new quality standards for its Chinese suppliers, following a series of scandals involving Chinese-made products, which account for a major portion of the company's sales. Meanwhile, ... Read more..

Investors Flee BlackRock Inc.

Tuesday, October 21st, 2008 Posted in Uncategorized | No Comments »

BlackRock Inc., the largest publicly traded U.S. asset manager, said third-quarter earnings fell 15%. Investors, unnerved by the financial crisis, pulled money from its stock, bond and money-market funds. BlackRock's ... Read more..

Upstream Capex Cuts Could Fix Near-Term Gas Oversupply

Monday, October 20th, 2008 Posted in Uncategorized | No Comments »

Upstream capex cuts hold the potential to address near-term oversupply in North American natural gas and improve 2009 balances, says Stephen Richardson, analyst at Morgan Stanley & Co. Inc. Lower rig ... Read more..

S&P: Domestic Operations Bolster Canadian Banks During Economic Slowdown

Friday, October 17th, 2008 Posted in Uncategorized | No Comments »

Canadian banks will enter 2009 on a much stronger footing than U.S. and European banks, according to Standard & Poor's Ratings Services. "Recessionary conditions in the U.S., a weakening global ... Read more..

Credit Markets Are Thawing

Thursday, October 16th, 2008 Posted in Uncategorized | No Comments »

News from London: Lending rates between banks in the U.S. and Europe fell on Thursday, giving evidence that some credit markets are thawing. Central banks pumped more liquidity into financial ... Read more..