Streetwise Articles
Jakarta's New Mining Law Could Deter Foreign Investors
Source: The Wall Street Journal (12/17/08)
“Rules giving powers to local governments likely to deter investors.”
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A Rise in Energy Stocks Helps Boost FTSE
Source: MyFinances.co.uk (12/16/08)
“Early gains for the UK's leading index were boosted by strong performances in the energy sector, as increased pressure on OPEC to reduce oil supply saw a rise in the price of crude.”
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Will Obama's Package or Falling Chinese Demand Move Oil?
Source: Seeking Alpha, Henrique Simoes (12/15/08)
“Obama’s stimulus package and falling Chinese demand for oil are the most important drivers for crude oil futures in the months ahead.”
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Obama Says Future of U.S. Economy and National Security Linked to Energy
Source: MarketWatch, Robert Schroeder (12/15/08)
“Obama presents energy, climate team saying that both the future of the U.S. economy and national security are linked to energy.”
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Oil Service Shares Holding, Natural Gas and Petroleum Slip
Source: MarketWatch, Steve Gelsi (12/15/08)
“Natural gas and petroleum producers fell Monday after oil futures reversed course and moved lower due to losses in the broad market and an upgrade of drilling giant Schlumberger.”
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Can the U.S. Drill Its Way to Energy Security?
Source: Journal of Energy Security, Timothy D. Kailing (12/14/08)
“With nonrenewable resources like oil and gas, being more "energy independent" now implies increasing energy dependence at some point in the future.”
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Look to Oil for the Long Term
Source: Seeking Alpha, David Bui (12/11/08)
It took nothing less than a Depression-like global financial crisis to humble the energy bull but when the global economy recovers, energy will come roaring back.
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RCR: Global Uranium Companies Report
Source: John Wilson, Resource Capital Research (12/11/08)
Resource Capital Research released its major quarterly research report covering 19 global uranium exploration and development companies. Its findings include increased uranium purchases by utilities anticipated early 2009, coupled with recent announcements of delayed deferred or moth ball mining projects is providing support to the spot uranium price with potential for further modest increases into 2009.
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Oil Should Go Up
Source: Energy and Capital, Chris Nelder (12/11/08)
The EIA's new outlook expects the global financial crisis to put the brakes on the world economy, citing “additional declines in crude oil and other energy prices”; however, Energy and Capital editor, Chris Nelder, doesn't believe prices can go much lower, particularly where oil is concerned.
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Analyst Mark Leggett: Oil Price Limbo: How Low Can It Go?
Source: The Energy Report (12/4/08)
In this exclusive interview with The Energy Report, Mark Leggett, BMO Capital Markets’ oil and gas analyst for Canada, talks about oil sands plays and how today’s oil prices affect them. He says that may not yet have bottomed out, but longer term he sees restored demand growth that will cause prices to climb again.
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The Resources Slump: Slash & Burn
Source: Mineweb (12/3/08)
After several years of headlong expansion, big oil and mining companies are pulling up abruptly. Soaring commodity prices have slumped across the board since July. Together with the impact of the credit crunch on project finance, this drop has forced scores of extractive companies to cut back on new investments and scale down production at many existing operations.
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Oil Likely to Remain at $50, But Don't Celebrate Yet
Source: cnbc.com (12/3/08)
Chris Hyzy, chief investment officer for U.S. Trust, the private wealth management unit of Bank of America, added that “contrary to prior cycles”—when lower oil prices were deemed good for stocks—falling prices are actually “having a negative spiral effect” by signaling a bottom has not yet been reached.
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How Long Will the Price of Oil Remain This Low?
Source: Seeking Alpha (12/3/08)
The question most people are asking is: How long will this last? Well, apparently, the technical specialists seem to think that there could be another 50% slide from current prices and more fundamental analysis also suggests a bit more down side, but not more than another 20%.
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Oil: A Slippery Slope Ahead?
Source: Seeking Alpha, Andrew Mickey (12/2/08)
There will be some amazing opportunities in oil over the next year, but for now, it’s best to keep plenty of cash on hand and wait for them to fall even further. As oil prices slide down a slippery slope, it’s a buyer’s market and we don’t have to chase anything.
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Uranium Stocks: Bear Market's Hot Corner
Source: Mineweb (12/2/08)
While the top 100 mining stocks have moved up 30% from recent lows, uranium stocks have gained an average of 51%.
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Follow the Mutual Funds: Solar Is Bottoming
Source: Seeking Alpha, Kevin Schulle (12/1/08)
Everybody sees gloom for solar and renewable energy in the near term; downgrades are flying every day on Wall Street. Yet the stocks are bouncing back from 52 week lows nicely, and apparently the bottoming process is underway.
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Uranium Stocks Poised for Surge on TSX
Source: Reuters (11/29/08)
"Almost every single producer has downgraded their forecast for 2008 production guidance," said Haywood Securities analyst Geordie Mark. "It's something like 5.5 million pounds already downgraded ... when production last year was around 107 million pounds, it's a big deal."
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Coal Prices to Slide
Source: Reuters (11/27/08)
Prices of thermal and coking coal will fall 20 and 26 percent respectively in 2009, a Reuters poll showed on Thursday, thinning miners' profits as a slowing global economy chews into demand.
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Block Traders Find Opportunities in the Oil Sector
Source: istockanalyst.com (11/25/08)
"Prices back above $100 a barrel for crude oil are quite likely in 2009, and a return to this year’s high is possible," suggests Peter Way, who monitors the buying and selling activity of "million dollar market makers."
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Denis Brady: Beryllium May Be New Kid on the Nuclear Block
Source: The Energy Report (11/25/08)
In this exclusive interview with The Energy Report, Denis—who formerly owned a beryllium metalworking and specialty alloy processing company—discusses hot prospects for this unusual material, which is simultaneously stiff and light, nonmagnetic and transparent to x-rays, with a modulus of elasticity almost 50% greater than steel with only one-fourth the weight and an extremely high melting point of 2349°F.
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The UAE Will Go Nuclear While Exporting Oil
Source: Xpress News (11/25/08)
Ambassador Hamad Ali Al Ka’abi, UAE Permanent Representative to the International Atomic Energy Agency (IAEA), said yesterday that the UAE will export oil and natural gas abroad but depend to a much larger extent on atomic power domestically.
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Denis Brady: Beryllium May Be New Kid on the Nuclear Block
Source: The Energy Report (11/24/08)
In this exclusive interview with The Energy Report, Denis—who formerly owned a beryllium metalworking and specialty alloy processing company—discusses hot prospects for this unusual material, which is simultaneously stiff and light, nonmagnetic and transparent to x-rays, with a modulus of elasticity almost 50% greater than steel with only one-fourth the weight and an extremely high melting point of 2349°F.
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Running Faster to Stand Still
Source: John Kemp, Reuters (11/24/08)
World Energy Outlook 2008 strongly implies herculean efforts will be required to bring enough oil onstream to keep pace with burgeoning demand, and the industry has no more than a moderate prospect of succeeding. Only a structural upward shift in prices can generate the incentives and resources to make this investment programme possible.
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How Low Can Crude Oil and Gas Go?
Source: Seeking Alpha, Vahan Janjigian (11/24/08)
Not long ago, no one seriously thought we'd see $40 crude oil again. However, now it appears that we'll see $30 very soon.
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Will Economic Slowdown Hurt Greentech Investments?
Source: Seeking Alpha, Jeff St. John (11/24/08)
It's not just wind and solar power that could lose ground as the economy continues to unwind. A whole host of lower-carbon energy sources, including new nuclear power plants, could be stalled or canceled – and that could lead to a long-term rise in greenhouse-gas emissions...
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