Archive for October, 2008
Brazil to sign oil deal with Cuba
Brazil plans to sign oil deal with Cuba – CNN.com.
Last week I posted a link about a BBC story outlining the Cuban clames of very large off shore oil reserves. The folks at Petrobras (PBR: 47.10 +0.34 +0.73%) must be reading my blog, ’cause today I find the above article about PBR’s plan to sign [...]
Alternative Energy News
I am a strong proponent of the long term viability of alternative energy stocks but recent market actions have been very hard on these stocks. If you read my weekly update on the NEX renewable energy index you will see how badly this whole sector has been hammered. I also follow two renewable energy stocks [...]
Atlas Pipeline continues dividend: stock falls
Atlas Pipeline Partners (APL: 14.44 -0.01 -0.07%) has declared a 3rd quarter dividend of 96¢, matching the 2nd quarter payout. In the two trading days since the announcement the share price has dropped almost 15%. This has me quite confused. I would understand if the market was pricing the stock at a 7% yield and [...]
New Energy Finance – NEX – Weekly Review
Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 15.01 +0.04 +0.27%).
Last week the NEX accelerated in its free fall, losing 27.4%. The NASDAQ and S&P [...]
City Bank takes 1st loss in 34 years
City Bank (CTBK: 1.46 -0.03 -2.01%) of Lynnwood, WA has reported it’s first quarter loss in 34 years of business. The bank recorded a loss of $10.96 million after increasing loan loss reserves by $28 million during the quarter. The loss works out to a negative 69¢ per share.
At the end of September, non-performing assets [...]
