Energy Finance

Archive for October, 2008

Oil Services & Equipment: 3Q08 Earnings Preview

Wednesday, October 15th, 2008 Posted in Uncategorized | Comments Off

Although the market is discounting doom and gloom for the oil service and drilling companies, the growth story is not yet over, says Mark Urness, analyst at Calyon Securities. "We ... Read more..

What Bank Holiday? It’s Bank Payday

Tuesday, October 14th, 2008 Posted in Uncategorized | Comments Off

More news on the financial rescue plan. Of the $250 billion that will now be invested in banks, thanks to you, dear taxpayer, a group of large institutions will receive $125 ... Read more..

A Look At Lower Prices

Monday, October 13th, 2008 Posted in Uncategorized | Comments Off

Unsurprisingly, Morgan Stanley Research has received a steady flow of requests for lower commodity price scenarios for the E&Ps, and the impact on '09 cash flow (with and without hedges). ... Read more..

Oil - How Low Can It Go?

Friday, October 10th, 2008 Posted in Uncategorized | Comments Off

In March 2008, following a doubling in oil prices in the previous 12-month period, Deutsche Bank examined at what point oil prices could be considered extreme. "We presented a variety of ... Read more..

Cutting Interest Rates: Cure or Kill?

Wednesday, October 8th, 2008 Posted in Uncategorized | Comments Off

Today, the Federal Reserve and six other major banks cut interest rates in an attempt to prevent the financial crisis from becoming a global economic meltdown. The Fed reduced its key rate from ... Read more..

S&P: Bank of America Corp. Rating Unaffected

Tuesday, October 7th, 2008 Posted in Uncategorized | Comments Off

Standard & Poor's Ratings Services said today that its ratings on Bank of America Corp. (BofA; AA-/Watch Neg/A-1+) and its subsidiaries are not affected by recent earnings and other announcements. ... Read more..

Major Tax Relief for Renewable Energy and EOR Projects Written Into Financial Rescue Package

Monday, October 6th, 2008 Posted in Uncategorized | Comments Off

The $700 billion economic stabilization package has a tax portion that includes over $17 billion in tax relief, primarily for the energy industry, reports Vinson &Elkins law firm.    The new law extends and, in some ... Read more..

Don’t Ask For That Raise Just Yet

Friday, October 3rd, 2008 Posted in Uncategorized | Comments Off

Pay rolls plunged in September, signaling the economy may be heading for its worst recession in 25 years as the credit crisis hits home on commerical industry. Layoffs in September reached a ... Read more..

S&P: When Fear Overtakes Fundamentals In Credit Markets

Thursday, October 2nd, 2008 Posted in Uncategorized | Comments Off

Global capital markets currently face single-day movements of 30% or more in share prices of financial companies and volatility in borrowing rates and spreads on credit default swaps, according to ... Read more..