Energy
Atlas Pipeline Partners: Call option on oil
Natural gas transport and processing company Atlas Pipeline Partners (APL: 9.12 +1.15 +14.43%) 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 [...]
Atlas siblings offer different profit opportunities
If one starts digging into the interrelated Atlas energy companies, you first get a headache, then you decide there may be some good profit opportunities. So far I have listened to 2 earning calls from the energy company and the pipeline folks. Atlas America (ATLS: 17.60 +0.89 +5.33%), which hold general partner interests and a [...]
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: 27.88 +0.94 +3.49%) must be reading my blog, ’cause today I find the above article about PBR’s plan to sign [...]
