Energy Finance

Archive for November, 2008

Calyon Changes Its Methodology

Tuesday, November 25th, 2008 Posted in Uncategorized | Comments Off

In order to coordinate its ratings system with its colleagues at CLSA, the Calyon Securities (USA) Equity Research department is changing its oil and gas exploration ratings system. The new ... Read more..

S&P: Thanksgiving Whines

Monday, November 24th, 2008 Posted in Uncategorized | Comments Off

Housing starts fell 4.5% to a 791,000 pace in October, with starts at the lowest pace since just after WWII, say Standard & Poor's analysts David Wyss and Beth Ann ... Read more..

Goldman Sachs Predicts 9% Unemployment

Friday, November 21st, 2008 Posted in Uncategorized | Comments Off

Goldman Sachs has lowered its U.S. growth forecast, noting fiscal policy stagnation, record increases in unemployment and a sharp decline in profits. It now expects U.S. GDP to fall 5%percent ... Read more..

You Want Fries With That?

Thursday, November 20th, 2008 Posted in Uncategorized | Comments Off

Not good news: Worries about the prospects for employment helped drive Wall Street's decline Wednesday as stocks continue to fall. The Fed projected that the nation's average unemployment rate would ... Read more..

Unconventional gas supply to increase by 10%

Wednesday, November 19th, 2008 Posted in Uncategorized | Comments Off

Total gas consumption is expected to increase by 1.1% in 2008 and fall by 0.2% in 2009, according to the Energy Information Agency's report released yesterday. Consumption in 2008 is ... Read more..

Largest Rig Count Decline

Monday, November 17th, 2008 Posted in Uncategorized | Comments Off

Last week witnessed the largest single-week decline in the Baker Hughes gas-directed rig count since 1993. Following a decline of 41 rigs, the count stands at 1,498, says Stephen Richardson, ... Read more..

Credit Suisse May Trim Payroll, Sell Fund Unit

Friday, November 14th, 2008 Posted in Uncategorized | Comments Off

Credit Suisse Group AG of Switzerland plans to cut more jobs at the securities unit and may sell part of its asset management division, according to a report by Bloomberg's ... Read more..

Steel Prices Falling

Thursday, November 13th, 2008 Posted in Uncategorized | Comments Off

Steel billet prices tumbled heavily in the third quarter, according to Barclays Capital Research. Mediterranean and Far East contracts both plunged by more than 70% from June to mid-October. November ... Read more..

Unemployment Rate At 14-Year High

Friday, November 7th, 2008 Posted in Uncategorized | Comments Off

The nation’s unemployment hit a 14-year high of 6.5% in October as another 240,000 jobs were lost. It's (almost) official that we are in a recession. The U.S. Labor Department report ... Read more..

Governments Support European Banks, But…

Thursday, November 6th, 2008 Posted in Uncategorized | Comments Off

"The top-50 European banks face an exceptionally difficult environment due to the confluence of reduced asset valuations, contracted market liquidity, varying levels of capital strains, and extremely fragile investor and ... Read more..