Loren C. Steffy's Blog, page 42
June 6, 2012
What I’m reading with my morning coffee | 6.6.12
Chesapeake is said to discuss $4 billion pipeline sale. It’s in “advanced” talks with Global Infrastructure Partners as it scrambles to ease a $22 billion cash shortfall. The downside of cheap oil. Lower pump prices reflecting a weaker global economy. Banks’ self-dealing super-charged the financial crisis. In “perpetuating one of greatest episodes of self-dealing in [...]
June 5, 2012
Nabors shareholders vote to list competing director candidates
Proxy access proposal is the first approved at a major company.
What I’m reading with my morning coffee | 6.5.12
Here’s what the analyst who uncovered Enron thinks about Chesapeake Energy. John Olson parses the similarities and differences in the corporate structures. Russian court reopens $13 billion BP suit related to the failed Rosneft deal. The court’s decision shows that BP has a king-size chess problem in Russia, and Bob Dudley is proving to be [...]
June 4, 2012
Why the public expects cheap air fares
Decades of these fare battles conditioned customers to expect cheap flights.
Chesapeake caves to Icahn, replaces 4 directors
Two big shareholders including Carl Icahn, will get to name the board replacements.
What I’m reading with my morning coffee | 6.4.12
Hedges gone awry set back Chesapeake. The company may have lost as much as $900 million in the final months of 2011. This disclosure is more bad news in the days leading up the company’s annual meeting, at which CEO Aubrey McClendon and investor Carl Icahn are expected to clash. Oligarchs threaten BP’s Russia sale [...]
June 1, 2012
Electricity prices seen ‘moving in the right direction’: skyward
We're looking at a summer in which consumers can expect higher prices, retailers may not be able to honor their customer contracts and generators may not be able to keep the lights on.
PUC changes could send prices skyward, not in the right direction
We're looking at a summer in which consumers can expect higher prices, retailers may not be able to honor their customer contracts and generators may not be able to keep the lights on.
BP throws in the towel on Russian joint venture
Was the resignation of TNK-BP's chief executive designed to force BP to sell its stake in the venture?
What’s BMC Software’s next move?
Is the Houston-based software company in the market for a white knight?
