Loren C. Steffy's Blog, page 36
September 18, 2012
Shell’s iced Arctic project shows oil independence myth
Far from providing proof that America could be independent of foreign oil, Shell's project reminds us of why we won't be.
Is GM trying to bite the hand that saved it?
The problem with government bailouts is they come with strings attached, as GM is finding out.
What I’m reading with my morning coffee | 9.18.12
U.S. stock futures falling on debt crisis concern. The euphoria of the Fed’s infinite easing has faded and we’re back to worrying about Europe. Shell says it won’t hit oil in Alaska this year. The oil giant’s big plans get iced yet again. EPL announces $550 million deal for Gulf assets. The result: a big Read More
September 17, 2012
Will consumers spend more now that they owe less?
It may be a little early to get excited about a consumer-driven recovery.
September 13, 2012
A Fed ‘double punch:’ QE3 and rate extension (Updated)
Decision marks the third time since the financial crisis that the Fed has resorted to bond purchases.
All eyes are on The Beard as markets await Fed decision (Updated)
Last week's dismal jobs report made action by the Fed almost certain.
September 12, 2012
Chesapeake asset sales raise cash flow questions
Chesapeake now faces the classic conundrum of the shrink-to-grow strategy.
What I’m reading with my morning coffee | 9.12.11
Expectations are running high for major Fed action Thursday. Cue the QE3. It’s not really a surprise after last week’s dismal jobs report. Moody’s to cut U.S. debt rating if budget talks fail. If a credit rating falls in the woods, and no one’s there because they’re all out buying Treasuries, does it still matter? Read More
September 11, 2012
The market still doesn’t believe TPC sale price is fair
Regardless of the company's rationale for the buyout price, many investors continue to believe it's worth more.
September 10, 2012
What I’m reading with my morning coffee | 9.10.12
BP close to selling $6 billion in Gulf of Mexico assets to Plains. The Oil Patch’s biggest yard sale continues. Toll road offers fast cash for Texas. Your heard about the 85 mph speed limit, but did you hear about the $100 mln kickback? U.S. to become minority AIG shareholder with $18 billion stock sale. Read More
