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Moscow Wrestles BP Over Oil Venture
Delays in renewing work permits and visas for foreign execs at a BP joint venture highlight the way growing nationalism may limit Big Oil's international ambitions.... Continued »
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Russia Holding British Petroleum Hostage
The Company: British Petroleum, Europe’s second-largest oil company.
The Document: 2007 Annual Report
The Finding: A recent fight between Moscow and BP over expatriates at its Russian-affiliate is more than a minor dispute over extending foreigners’ work visas. From Bolivia to Venezuela to Kazakhstan to Russia, a trend of energy nationalization and putting domestic companies first, threatens […]
Energy Articles
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Spectra Energy: Gas Pipelines Make Great Recession Proof Stocks
Tyler McKinna submits: Growing Dividend As a spin-off of the successful Duke Energy, Spectra Energy Corp (NYSE: SE) has had a rather successful first 16 months in business and has recently declared an 8.7 percent increase in its quarterly cash dividend on its common stock, from $0.23 to $0.25...
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20 Guidelines for the Individual Investor
George Gorski submits: In today’s world, the stock markets are too volatile for the traditional investor to buy a stock and leave it in a portfolio until retirement. Without constant monitoring, there is a risk of losing the entire investment. Making money in the US and Canadian stock markets requires...
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Alter NRG Could Benefit from Anti-Coal Trend
FP Trading Desk submits: For John Safrance, analyst at Fraser Mackenzie, Wednesday's coal beatdown, which sent prices in the black fuel falling 10%, is to some degree the result of a building anti-coal power trend that appears to be emerging in the United States. And while that's potentially bad...
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Peabody Energy and Arch Coal Upgraded by Citigroup
FP Trading Desk submits: Some of the biggest winners on global stock markets have been coal companies, which have benefited from a massive leap in contract prices. But they sold off sharply yesterday on news that European spot prices for thermal coal fell off their record highs. Citigroup Global...
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Getting It Wrong: Analysts Contribute to the Current Downturn
Zacks.com submits: Incorrect forecasts by brokerage analysts are contributing to the current downturn in the equity markets. Energy, finance and technology are the three biggest components of the large-cap index, and analysts have been constantly revising their estimates on oil and banking companies. Last week's miss by Research...
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7 Stocks I'm Buying Now
Mike Stathis submits: As the markets continue their decline, there are a few stocks I think are now priced at a great value. Nvidia by Mike Stathis
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Australia's Origin Rejects BG Group Bid
By Fayen Wong PERTH (Reuters UK) - Australia's Origin Energy ORG urged shareholders on Friday to reject a $13.1 billion (6.6 billion pound) bid from gas company BG Group BG, as speculation grew over whether BG would raise its offer. BG went hostile with its A$15.50...
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Energy Shares, Tame Jobs Data Lift Dow
By Kristina Cooke NEW YORK (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares. The...
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Rising Asian Demand Keeps Coal Prices Inflated
Ron Haruni submits: Coal prices on Wednesday plunged in Europe and the United States. European benchmark coal dipped by as much as $25 a tonne, to below $200, which sent U.S. benchmark coal falling by $20 a tonne. Australian markets also got affected according to Dow Jones Newswires. The...
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Petrohawk and Chesapeake Fly on Haynesville Shale News
Trader Mark submits: Petrohawk Energy HK and Chesapeake Energy CHK both are ripping up 9-11% in early action - right now anything associated with the Haynesville Shale is gold in this sector - not that the other natural gas players aren't doing great as well. [Jun 18: Will Encore...
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Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?
Vikram Saxena submits: Crude Oil's relentless march towards the near term spike target of $150 is now threatening to send the Global Economy into a recession. Big Oil companies (Exxon-Mobil XOM, Chevron CVX, Royal Dutch Shell (RDS.A), BP BP and ConocoPhillips COP) are in the thick of the controversy as...
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Analysts Come to Coal's Defense Following Yesterday's Sell-off
Notable Calls submits: Several firms are out with defenses on Coal names following yesterday's sell-off: - Citigroup notes coal has benefited from structural change, with historically isolated/fragmented regional markets linking up and "going global." Mine shortfalls, transport constraints, thin stockpiles and voracious BRIC-country demand suggest that this process has...
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Commodities Are Taken to the Woodshed - What's the Game Plan?
Jeff Fong submits: The day started out like pretty much every day in the past few weeks. The broader market acts weak, oil remains at its high, and commodities especially coal and natural gas stocks make new highs almost daily. But then we come across the woodshed. by Jeff...
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Replacement Candidates for David Merkel's Portfolio: From AA to ZZ
David Merkel submits: Here is my initial list of replacement candidates for the third quarter 2008 portfolio reshaping: AA ACMR ACS ACXM ADP AEM AEO AET ...
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Swift Energy Blows Past Wall Street Estimates
Zacks.com submits: Swift Energy SFY saw a record 2007 and is on track to have another outstanding year as crude and natural gas prices soar. Swift beat Wall Street estimates in each of the last four quarters by an average of 8.29%. Even though the stock has...
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Steel, Coal and Agriculture Plays Turning Over
Faisal Laljee submits: The hottest segments of the market over the last quarter have been commodity related names, specially coal stocks, steel stocks and agricultural names. Stocks like US Steel X had gone from under $100 just earlier this year to over $190 - until this week when all...
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Aquila and Great Plains Merger Review
Jae Jun submits: The merger between Aquila ILA and Great Plains GXP has finally been approved. The deal was first announced in February of 2007 and the deal is now expected to close on July 14. It was a long process, but certainly worth the investment. Longer Than 1...
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Alternative Energy: More Attractive but No Quick Fix
Research Recap submits: Soaring oil prices should give a boost to alternative energy sources, but it is likely to be several years before they develop a meaningful share of energy supplies, Standard & Poor’s concludes in a new report. To meet U.S. electricity needs, alternative fuels will likely...
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Coal and Steel Stocks Take A Hit
Hickey and Walters Bespoke submit: Coal and mining companies have been some of the top performing stocks this year, but since the start of July (1 and a half trading days), many of these names have gotten hit with declines of 10% or more. As shown below, Massey...
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Wednesday Options Outlook: CHK, YHOO, QID, SNDK, ARM, HOV
Rebecca Engmann Darst co-authored this article. Chesapeake Energy Corp CHK ? Chesapeake Energy Corp staged an aggressive 6.7% advance to $71.85 after announcing a joint venture in the Haynesville Shale area with Plains Exploration valued at $3 billion. The market has placed great store in any...
Top Companies
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BNET Industry Analyst Profiles
David Phillips
David Phillips has more than 25 years' experience on Wall Street, first as a financial consultant and then as an equity analyst for several investment banking firms. He sifts through SEC filings for his blog The 10Q Detective, looking for financial statement soft spots, such as depreciation policies, warranty reserves and restructuring charges. He has been widely quoted in outlets such as BusinessWeek, The International Herald Tribune, Investor's Business Daily, Kiplinger's Personal Finance, and The... more »
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BNET Energy provides daily news coverage for managers and executives in the energy industry, with coverage on major utilies, oil companies, and clean tech and renewable energy businesses. BNET Energy offers analysis on deal flow, new technology, alliances and partnerships, competitive intelligence, and a host of other critical business issues.
