25
Feb
HK Reports 4Q08; Top Line Beat, Bottom Line Miss; Raising Production Guidance, Costs Remain Low. The 4Q Numbers: Production: 361 MMcfepd was previously announced, up 15% sequentially and 52% YoY, 92% natural gas Revenues of $270.7 vs $226 mm expected. Much of this beat was due to higher than expected marketing revenues (lower margin [...]
Posted in Uncategorized | 1 Comment »
25
Feb
President Obama spoke on a wide range of topics last night, including energy. See the full text of the speech here. Solar power was mentioned three times, wind twice, and clean coal once. Natural gas scored a big goose egg. He also asked congress to "send me legislation that places a market-based cap on carbon [...]
Posted in Uncategorized | 147 Comments »
24
Feb
Ben Bernanke testifies to congress today and people are looking for him to say reassuring things that will give the market hope. No really, I don’t make this stuff up. And tonight, President Obama addresses a joint session of congress. In Today’s Post: Holdings Watch Commodity Watch Price Deck Update – troubling divergence for the [...]
Posted in Uncategorized | 160 Comments »
23
Feb
Want to create 1.2 million jobs and raise $1.7 trillion in federal taxes? The American Energy Alliance says that’s what opening most of the rest of the OCS to drilling would provide. Hmmm, don’t desperate times call for obvious desperate measures? If you missed the wrap post click here. The Week Ahead: Monday – 2/23 [...]
Posted in Uncategorized | 103 Comments »
21
Feb
1) What A Week For Equities. And not in a good way either, especially if your company lends, borrows, services or produces anything. It’s not often the major indexes start the day at 6 year lows, hit 12 year lows by lunch time and close somewhere in between. In the week ahead we [...]
Posted in Wrap | 8 Comments »