Collateralised commodity borrowing, BP edition
From BP’s fourth quarter results on Tuesday:At 31 December 2011, $131 million of finance debt ($128 million at 30 September 2011 and $790 million at 31 December 2010)...
Oil and Gas Pacing the 2012 M&A Market
Oil and gas deal-making is on fire so far this year, leading all sectors as a target for mergers and acquisitions, Dealogic says.
January 18th, 2012 Market Recap with Apple, Oil, Home Builders Updates
Today's speed summary from Yahoo Finance, "Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits."
Original post: January 18th, 2012 Market Recap with Apple, Oil, Home Builders Updates
...This crude old eurozone crisis
Bank of America Merrill Lynch’s commodities analysts have picked up that Brent crude — when priced in euros — is uncomfortably close to its July 2008 peak.And...
How will the world live with $100 oil?
For the long haul, that is.So, Saudi Arabia is now effectively targeting $100/barrel crude oil, instead of the $70 – $80 price range of the past several years. This is...
Euro crisis, Brent oil edition
Courtesy of Olivier Jakob at Petromatrix, FT Alphaville presents the price of front-month Brent oil futures expressed in euro terms:That would be echoes of the 2008 record oil price....
10th ASPO Conference Vienna 30 May – June 1st
The 10th International ASPO Conference will take place in Vienna, Austria over the course of three days from May 30 to June 1st 2012. The conference will cover a wide range of energy topics including the future availability of fossil energy, geopolitic...
December 27th, 2011 Market Analysis with look at Oil, BWLD, XLP
A fairly flat day for the market but many are citing the head & shoulders breakout on the Dow Jones as a bullish indicator for the market moving forward. Also a look a Oil, Consumer Staples, and Buffalo Wild Wings (BWLD) breaking to fresh all-time highs.
Original post: December 27th, 2011 Market Analysis with look...
Inside the mind of a gold bug
Warning: this is a very scary place to be. Rampant inflation, conspiracy, socialism, totalitarianism and Ayn Rand can be found at every turn.Presenting the latest Thunder Road...
Christmas cancelled for GKP investors
It’s taken more than a day and a half but Gulf Keystone Petroleum (GKP) has finally responded to speculation that Exxon Mobil was considering a £7bn, or 800p a share, cash offer....
The curious case of ‘abnormal’ backwardation
John Kemp at Thomson Reuters is a big fan of commodity curves — backwardation, contango and all the principles that come with it.As he often notes, one of the key theories...
The Saudi production puzzle
Last week it transpired that Saudi Arabian oil production had hit its highest level in three years.As Bloomberg reported at the time:Saudi Arabia, the world’s biggest crude exporter,...
