Author Archive
Analysts were wrong! New predictions predicted.
My favorite quote so far today:
The analyst who projected $200 oil should have lopped off a zero.
Commodities Collapse: Fast, Big and Still Going - WSJ.com.
The WSJ article linked above (sub. required) show how wrong the analysts were on the commodities bubble then gives some new predictions on how far down (much farther, of course) the [...]
Star Bulk Carriers interesting dividend payout
Star Bulk Carriers *.
To conserve cash Star Bulk Carriers (SBLK: 1.89 -0.22 -10.43%) has elected to pay half of the 3rd quarter’s 36¢ in cash and the remainder in company stock. Star Bulk Carriers owns a dozen dry bulk cargo ships which it leases out on long terms contracts. Dry bulk shippers have been hit [...]
New Energy Finance - NEX - Weekly Update
Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The index consists of approximately 90 stocks from 22 countries. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 10.39 -0.39 -3.62%). For reference, the NEX [...]
Inergy, L.P. forecasts 15% EBITA growth for 2009
Inergy, L.P. | Investor Relations | Press Release.
Inergy, L.P. (NRGY: 14.27 +0.05 +0.35%) has released their 4th quarter and year end results. The company had a nice year and was able to increase distributions by 7% over 2007. Inergy has increased the distribution for 28 consecutive quarters. The company has two main business lines: Retail [...]
Penn West Energy dropped from Income Portfolio
Today I have “sold” the position in Penn West Energy (PWE: 11.32 -1.43 -11.22%) out of this site’s Income Portfolio. The combination of falling oil and natural gas prices, a stronger dollar and growing unfavorable Canadian tax laws have driven down the stock price. I believe the next shoe to fall is a cut in [...]
