Energy
Inergy, L.P. forecasts 15% EBITA growth for 2009
Inergy, L.P. | Investor Relations | Press Release.
Inergy, L.P. (NRGY: 14.04 -0.18 -1.27%) 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: 11.09 -1.66 -13.02%) 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 [...]
Atlas Pipeline Partners: Call option on oil
Natural gas transport and processing company Atlas Pipeline Partners (APL: 6.00 -0.67 -10.04%) has been hit hard by falling oil prices. Or at least its stock price has. At the time I write this APL stock is trading at 2 times the annual dividend. It is apparent that there is a strong belief that APL [...]
Mexico signals bottom of oil price drop
Mexico Hedges All Oil Exports in ‘09 at $70 - WSJ.com.
The above article from last week at the WSJ.com (subscription required) detailed how Mexico has purchased puts against its entire 2009 oil production to guarantee an minimum of $70 per barrel. They purchased puts at a cost of $1.5 billion to cover 330 million barrels [...]
IEA doubles forecast for oil price by 2030
IEA doubles forecast for oil price by 2030 - International Herald Tribune.
The International Energy Agency apparently believes the current pull back in energy prices is just a downward blip in the longer term increase of oil prices. Last year the agency forcast a nominal oil price of $108 per barrel by 2030. This year they [...]
