Live Trading News » Energy

BP plc NYSE:BP Announces USD 8-B Share Repurchase

Paul A Ebeling Jr — Sat, 23 Mar 2013 08:07:08 +0000

BP plc NYSE:BP Announces USD 8-B Share Repurchase British Oil giant BP said Friday that it intends to carry out a share repurchase program with a total value of up to 8 billion U.S. dollars, following the completion of the sale of BP’s 50% interest in TNK-BP to Rosneft in Russia. The announced repurchase, also [...]

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Become a Professional Day Trader

Shayne Heffernan — Wed, 13 Mar 2013 12:33:00 +0000

Firstly, start using the tools of professionals, we offer a free 30 Day trial download Thomson Reuters latest product that will start you on the way, Thomson Reuters Latest Charting and News Technology, Runs on Your Desktop and your iPad The first information that new traders should learn are the basics of trading. A good [...]

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Saudi Arabia Oil and Gas Update

Shayne Heffernan — Wed, 13 Mar 2013 05:33:51 +0000

Oil and energy sector in the region is a major contributor to the economies of the GCC and remains an opportune source for investments, said Saudi Arabian General Investment Authority (SAGIA) Gov. Abdullatif Al-Othman. Speaking at the Middle East Oil & Gas Show and Conference in Bahrain, Al-Othman said: “Today our industry commands respect and [...]

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Companies to Benefit from Keystone Pipeline Approval

Paul A Ebeling Jr — Tue, 12 Mar 2013 19:20:04 +0000

Companies to Benefit from Keystone Pipeline Approval TRP, CNQ, COP, DE, XOM, LYB, PWR, VLO The saga that is the construction of TransCanada Corp. (NYSE: TRP) Keystone XL pipeline may be coming to an end. Designed to transport Crude Oil from the Athabasca oil sands in Canada to refineries in the United States, the project [...]

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Thailand Oil and Gas Outlook PTT, PTTEP

Shayne Heffernan — Thu, 14 Feb 2013 17:26:20 +0000

Thailand Oil and Gas Outlook PTT, PTTEP Thailand is a net importer of oil and natural gas, although the country is a growing producer of natural gas. Thailand has limited domestic oil production and reserves, and imports make up a significant portion of the country’s oil consumption. Thailand holds large proven reserves of natural gas, [...]

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BP NYSE:BP Rethinking North African Expansion

Paul A Ebeling Jr — Mon, 21 Jan 2013 07:54:18 +0000

BP NYSE:BP Rethinking North African Expansion BP plc to reconsider further Nat Gas exploration in North Africa as a result of the hostage crisis at the Algerian Nat Gas facility that it jointly operates, the Independent on Sunday reports, citing unnamed industry sources. While it is unlikely that BP will scale back operations in Algeria, [...]

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LNG as a Marine Fuel

Shayne Heffernan — Thu, 13 Dec 2012 08:25:34 +0000

80% Believe There is a Business Case for LNG as a Marine Fuel – Reveals New Industry Report on LNG Bunkering Trends 2013 and Beyond With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world of shipping has turned to liquefied natural gas (LNG) as a greener, cleaner alternative to [...]

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CNOOC NYSE:CEO $15.1-B purchase of Nexen NYSE:NXY

Paul A Ebeling Jr — Sat, 08 Dec 2012 07:36:14 +0000

CNOOC NYSE:CEO $15.1-B purchase of Nexen NYSE:NXY Canadian regulators late Friday approved China National Offshore Oil Corp’s $15.1-B purchase of Calgary-based Nexen Inc, which explores western Canada’s Oil-rich tar sands and operates production rigs in the North Sea, the Gulf of Mexico and Nigerian waters. CNOOC, China’s biggest offshore Crude Oil producer, announced the planned [...]

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IEA sees a rise in Crude Oil supply

Paul A Ebeling Jr — Sun, 14 Oct 2012 13:44:37 +0000

IEA sees a rise in Crude Oil supply The International Energy Agency (IEA) Friday expected rising Crude Oil supply in the next 5 yrs driven by increased production capacity in the United States and Iraq. It added that demand risks still challenge the Crude Oil market. In its annual medium-term oil market report, the IEA [...]

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Austerity Was Not the Answer

Paul A Ebeling Jr — Wed, 10 Oct 2012 19:23:26 +0000

Hardly nice while it lasted, austerity is running out of friends fast… IT’S A COMMON MYTH that the Labour government in power when the Great Depression went global in 1931 was forced to resign by a banker’s ramp, writes Adrian Ash at BullionVault. The British prime minister, Ramsay Macdonald, denied it at the time. Close [...]

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Gold, Silver and Oil Price Outlook

Paul A Ebeling Jr — Mon, 03 Sep 2012 13:37:13 +0000

The Overall Fundamentals Friday the financial markets charged North after Fed Chairman Ben Bernanke’s speech in the Jackson Hole Symposium. Mr. Bernanke did not say whether QE-3 will be announced in September, his speech was “Dovish” enough to indicate that further easing would be implemented later this year. Throughout the week, Crude Oil prices softened, both WTI and [...]

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China’s Oil Demand Rebounds

Shayne Heffernan — Wed, 22 Aug 2012 16:44:23 +0000

China’s apparent oil demand* rose 2.4% year on year in July to 38.92 million metric tons (mt), or an average 9.2 million barrels per day (b/d), a just-released Platts analysis of recent Chinese government data showed. This is a rebound from June’s first monthly contraction in more than three years. In June, demand fell 1.9% [...]

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Oil Shale: Game changer for China?

Paul A Ebeling Jr — Mon, 20 Aug 2012 17:32:41 +0000

Oil Shale: Game changer for China? PTR, HES Changbai Mountain Range in northeast China according to oil developers has massive oil shale reserves. Oil shale is a sedimentary rock that contains shale oil, considered a substitute for conventional crude oil. It can be refined into gasoline, kerosene, jet fuel and diesel fuel. With China expected [...]

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Southern Company (NYSE:SO) and Ted Turner Acquire Second Solar Power Project

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 17:01:17 +0000

June 29, 2012. — Southern Company (NYSE: SO) Chairman, President and CEO Thomas A. Fanning and Turner Renewable Energy founder Ted Turner today announced that the companies have acquired and will bring on line a 20 megawatt solar photovoltaic power plant in Nevada. The Apex Solar Project was acquired from and was built by SunEdison, [...]

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Con Edison (NYSE:ED) Working To Keep Power Flowing As Union Leaders Refuse to Extend Contract

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 16:39:28 +0000

July 1, 2012. — NEW YORK – Con Edison said today that 5,000 management personnel are now working to maintain electric, gas and steam service to the company’s 3.2 million customers. Trained and experienced management personnel are staffing essential operations, following the refusal by leaders of the Utility Workers Union of America (UWUA) Local 1-2 [...]

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DTE Energy (NYSE:DTE) will allow customers to control energy usage

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 15:49:03 +0000

June 29, 2012. — DTE Energy today lauded a report on advanced meters by the staff of the Michigan Public Service Commission. The report, issued today, noted that the electromechanical meters now used by utilities, including DTE Energy, are obsolete and out of production. Furthermore, the MPSC staff report said that based on its review [...]

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AES (NYSE:AES) Sells 100% of its Interests in French Wind Assets

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 15:25:49 +0000

Jun. 28, 2012– The AES Corporation (NYSE: AES) announced today that it closed the sale of its interests in wind generation assets in France for approximately €34 million (US$ 42 million) to Boralex Europe S.A. Through its subsidiary AES Southern Europe Holdings, B.V., AES sold the 34.5 MW St. Patrick wind farm and its minority [...]

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PG&E (NYSE: PCG) Schedules 2nd Quarter 2012 Earnings Release

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 15:02:22 +0000

Jun 28, 2012. — PG&E Corporation (NYSE: PCG) will hold a conference call for members of the financial community on August 7, 2012, at 11:00 am Eastern Time to discuss its second quarter 2012 results. The public can access the conference call via a simultaneous webcast. The link is provided below and will also be [...]

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ConocoPhillips (NYSE:COP) to Hold Second-Quarter Conference Call on Wednesday, July 25

Shayne Heffernan — Sun, 01 Jul 2012 14:27:51 +0000

June 29, 2012. — ConocoPhillips (NYSE: COP) will release its second-quarter earnings on Wednesday, July 25 at 8:00 a.m. Eastern time. In addition, a conference call webcast with members of company management will be held at 11 a.m. Eastern time that day. To access the webcast, go to ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click [...]

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Dow (NYSE:DOW) and Aksa Announce Formation of Joint Venture for Carbon Fiber and Derivatives

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 14:16:03 +0000

June 29, 2012. — DowAksa to focus on solutions that reduce overall costs, thereby enhancing economics and driving adoption in a broader array of industrial markets Emphasis to be on integrated carbon fiber composite solutions for growing energy, transportation and infrastructure markets globally. The Dow Chemical Company (NYSE: DOW), through its wholly-owned subsidiary Dow Europe [...]

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Enterprise (NYSE:EPD) to Participate in J.P. Morgan Infrastructure Conference

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 13:56:09 +0000

Jun. 29, 2012, — Enterprise Products Partners L.P. (NYSE: EPD) announced today that W. Randall Fowler, executive vice president and chief financial officer of its general partner, is scheduled to participate in the J.P. Morgan MLP / Energy Infrastructure 1×1 Conference today, June 29, 2012 in Chicago, Illinois. A copy of the presentation will be [...]

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ProShares Launches First -1x Euro ETF (NYSE:EUFX)

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 13:32:51 +0000

Manage the Risk of Potential Declines in the Euro 2012—ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today the launch of ProShares Short Euro (NYSE: EUFX), the first -1x euro ETF in the United States. The ETF lists on NYSE Arca today. EUFX seeks to provide -1x the daily performance of the [...]

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Two years with zero Lost Time Incidents on the FPSO Kwame Nkrumah (LON:TLW)

Shayne Heffernan — Sun, 01 Jul 2012 13:16:33 +0000

28 Jun 2012, — On 21 June 2012, the FPSO Kwame Nkrumah team in Ghana reached a significant milestone by achieving two years of operations with zero Lost Time Incidents (LTIs). Members of the combined team, which includes the Integrated Project Team, commissioning team, contractors and ongoing Tullow and MODEC operations teams, gathered together to [...]

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Agnico-Eagle (NYSE:AEM) Announces Senior Management Change

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 09:46:22 +0000

Stock Symbol: AEM (NYSE and TSX) Agnico-Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico-Eagle” or the “Company”) announced today that Ammar Al-Joundi , Senior Vice-President, Finance and Chief Financial Officer, is leaving the Company, effective July 9, 2012, to assume a similar position with another resource company. “We want to thank Ammar for his contributions, [...]

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Natural Gas Weekly Update

Shayne Heffernan — Thu, 28 Jun 2012 19:50:00 +0000

(For the Week Ending Wednesday, June 27, 2012) Natural gas prices generally registered overall increases for the report week (Wednesday to Wednesday) at many of the country’s trading locations. The Henry Hub price, which dropped 12 cents per million British thermal units (MMBtu) on Thursday, rose sharply on Monday and again yesterday to close at [...]

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Brazil Petrobras (NYSE:PBR), raise fuel prices on 25 June

Shayne Heffernan — Sun, 24 Jun 2012 15:33:23 +0000

Brazil’s Petrobras (NYSE:PBR), raise fuel prices on 25 June Petroleo Brasileiro SA Brazil’s state-controlled oil company, said Friday it will increase fuel prices to offset the costs of its investment program. Petrobras, as the company is known, will increase gasoline prices by 7.83% and diesel prices by 3.94% starting Monday, according to a regulatory filing. [...]

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America is Shoveling Coal to the Sidelines

Shayne Heffernan — Sun, 17 Jun 2012 08:17:04 +0000

Utilities switch to gas as US use of coal rapidly declines. The share of U.S. electricity that comes from coal is forecast to fall below 40 percent for the year – the lowest level since the government began collecting this data in 1949. Four years ago, it was 50 percent. By the end of this [...]

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SCE&G Files for Annual Adjustment Under Natural Gas Rate Stabilization Act

Shayne Heffernan — Sun, 17 Jun 2012 08:09:01 +0000

SCE&G filed for the increase under terms of the Natural Gas Rate Stabilization Act, a South Carolina law designed to reduce fluctuations in customer rates by allowing for more efficient recovery of the costs regulated utilities incur in expanding, improving and maintaining natural gas service infrastructure. Information supporting the filing will be reviewed by the [...]

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CE Franklin mails shareholder materials for plan of arrangement

Shayne Heffernan — Sun, 17 Jun 2012 08:04:59 +0000

The granting of the Interim Order was a condition to the completion of the Arrangement. Further, the management information circular and proxy statement (the “Circular”) will be filed with securities regulators in Canada and the United States and will be accessible on the SEDAR website (www.sedar.com) and the Securities Exchange and Commission’s website (www.sec.gov) on [...]

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Petrobras (NYSE:PBR) CEO on Brazil and Fuel Prices

Shayne Heffernan — Sun, 17 Jun 2012 05:59:14 +0000

Petrobras (NYSE:PBR) CEO, fuel prices in Brazil must be increased CS Brazil’s government needs to increase fuel prices, the chief of the country’s oil company, Petroleo Brasileiro SA, said. According to the Estado news agency, Maria das Gracas Foster said at an event in Rio de Janeiro that the issue was discussed at a Petrobras [...]

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Tianjin to have 4 large Crude Oil storage plants by Y 2015

Shayne Heffernan — Thu, 14 Jun 2012 17:49:01 +0000

The new storage unit, by the joint venture Shell Oil Group of North China (NYSE:RDS-A), will be built in the Binhai New Zone in 2 phases. The 1st one will be put into operation in Y 2013, with 55,000 cubic meters of Crude Oil storage tanks and supporting facilities, while the second phase will kick [...]

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Chevrolet The Dark Knight Rises

John Heffernan — Sun, 27 May 2012 15:56:23 +0000

Dale Earnhardt Jr.’s popular No. 88 Chevrolet went “dark” today thanks to fans of The Dark Knight Rises and Mountain Dew® (DEW). Following a week and a half of voting at DEWCrew.com, Earnhardt revealed which “Dark Knight”-inspired paint scheme will be featured on the hood of his No. 88 Chevrolet in Michigan next month. In [...]

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Gambia and Camac Energy Company (AMEX:CAK)

Shayne Heffernan — Sun, 27 May 2012 14:56:02 +0000

The Gambian government and the US based Camac Energy Company signed a petroleum exploration and production deal for offshore operations in the West African country, officials said Friday. Under the newly signed agreement, Camac is allowed to hold licenses for offshore oil blocks A 2 and A 5. Camac is a privately-owned global energy company [...]

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China – Myanmar Power Deal

Shayne Heffernan — Fri, 25 May 2012 03:27:07 +0000

China will encourage its enterprises to discuss co-operation on upgrading Myanmar’s power grid in order to help ease power shortages in the country, a Chinese Foreign Ministry spokesman said here Thursday. Foreign Ministry spokesman Hong Lei made the remarks at a routine press conference. Demonstrations against the country’s power cuts have taken place in several [...]

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Asia Preview Gold, Silver, Oil Prices

Shayne Heffernan — Mon, 14 May 2012 19:00:21 +0000

US Gold futures prices finished pit trade Monday and tapped a 4.5 month low. Most markets were under selling pressure due to the heightened European Union debt and financial crisis. Jun Gold last traded off 20.30 at 1,563.70 oz. Spot Gold was last quoted off 16.40 at 1,564.50 oz. Jul Comex Silver last traded off [...]

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Gold, Silver, Oil Price Forecast

Shayne Heffernan — Mon, 14 May 2012 12:38:45 +0000

Gold, Silver, Oil Price Forecast The Overall Technicals Comex Gold (GC) Gold dropped to as low as 1572.0 last week. The break of 1613, the Key support, confirmed resumption of fall from 1792.7. Some consolidations could be seen early this week, near term outlook is Bearish as long as 1623.6 resistance holds. Current decline is expected [...]

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Options Activity: Apache Corp. (NYSE:APA)

Shayne Heffernan — Fri, 04 May 2012 11:51:06 +0000

Options activity: Apache Corp. (NYSE:APA) Apache options set a new 90-day record for the number of contracts that traded on both the Call and Put side. The volume of Puts was 9,272 and Calls were 9,149 equating to a 1.01 Put/Call ratio. Put/Call ratio (PCR) can be regarded as a predictor of investment sentiment, indicating [...]

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Options Trading: Chesapeake Energy Corporation (NYSE:CHK)

Shayne Heffernan — Thu, 03 May 2012 06:19:17 +0000

Options Trading: Chesapeake Energy Corporation (NYSE:CHK) A total of 650 block trades were executed Wednesday in CHK. Typically at least 10,000 shares or more represent a single block unit. The block trading activity shows that $230,066,041 worth of shares were bought, and $105,347,713 worth of shares were sold by institutional investors. The positive net cash [...]

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Iran May Surrender Nuclear Push

Shayne Heffernan — Thu, 26 Apr 2012 04:31:24 +0000

Iran may stop Nuclear program, sites sanctions Iran says it is considering a Russian proposal to stop the expansion of its nuclear program in order to avert new sanctions. “We need to study this proposal and to establish on what basis it has been made,” Ambassador Mahmoud-Reza Sajjadi said in an interview at the Iranian [...]

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Russia Oil Output

Shayne Heffernan — Tue, 03 Apr 2012 17:45:48 +0000

Russia’s Crude Oil output will be slowed to its Y 2011 level for the next 20 yrs as the country has exhausted its capabilities to promote oil extraction, Economic Development Minister Elvira Nabiullina said Tuesday. “We have exhausted the possibility for growth based on the large-scale growth of extraction and export of hydrocarbons,” she told [...]

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BP Plc. (NYSE:BP) Vs US Government on Deepwater Spill

Shayne Heffernan — Fri, 30 Mar 2012 18:11:24 +0000

BP Plc (LON:BP),(NYSE:BP) accuses US gov’t of withholding Oil spill evidence BP Plc (LON:BP),(NYSE:BP) has accused the US government of withholding evidence that may show the Y 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a Key issue in determining the oil company’s liability. A reduction in the size of the [...]

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Shayne Heffernan: Guide to Understanding Contango and Backwardation

Shayne Heffernan — Sat, 24 Mar 2012 20:08:31 +0000

In simple terms the market is said to be in contango when the forward price is higher than the spot price. The term Contango originated in mid-19th century England and is believed to be a corruption of “continuation”, “continue” or “contingent”. In the past on the London Stock Exchange, contango was a fee paid by [...]

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ASEAN News: Knightsbridge Law Extends Operations to Myanmar

Shayne Heffernan — Wed, 21 Mar 2012 15:19:44 +0000

Knightsbridge Law Extends Operations to Myanmar Changes in Myanmar have seen the very beginning of an Economic Boom as investment, taxation and commercial laws have been changing. Resource rich Myanmar is set to see unprecedented economic growth and the need for quality Legal, Lobby and Financial services has brought Knightsbridge Law to the country as [...]

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Oil and Obama 2012

Shayne Heffernan — Fri, 16 Mar 2012 07:01:05 +0000

Fact: the US Strategic Petroleum Reserve is not as strategic as it once was. As US President Barack Obama tried moves closer to an unprecedented 2nd release of the US emergency Crude Oil stockpile in a bid to bring down near-record fuel prices, experts say dramatic logistical upheavals in the US Crude Oil market over [...]

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Obama, Oil Reserves and Alan Gaines

Shayne Heffernan — Fri, 16 Mar 2012 05:47:08 +0000

Leading Oil Industry Executive Alan Gaines speaks on Obama and Oil Reserves. Alan Gaines was Chief Advisor to financier Carl C. Icahn in all of Mr. Icahn’s investments within the energy space, including such highly publicized forays as Texaco, Phillips Petroleum, Unocal, United States Steel (Marathon Oil), Tenneco, Williams Cos., Western Company of North America, [...]

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Alan Gaines on Oil Prices and the Oil & Gas Industry

Shayne Heffernan — Mon, 12 Mar 2012 03:14:35 +0000

Alan Gaines was Chief Advisor to financier Carl C. Icahn in all of Mr. Icahn’s investments within the energy space, including such highly publicized forays as Texaco, Phillips Petroleum, Unocal, United States Steel (Marathon Oil), Tenneco, Williams Cos., Western Company of North America, etc.. Many companies in the industry have been refocusing from natural gas [...]

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Peabody Energy (NYSE:BTU) Undervalued

Shayne Heffernan — Thu, 08 Mar 2012 06:46:43 +0000

Peabody Energy (NYSE:BTU) a Must Own Stock after an Asia focused restructure. Heffernan Capital Management have upgraded Peabody Energy (NYSE:BTU) to Must Own status and Economist Shayne Heffernan has given a 2013 price target of $43 on the company. In a note to traders today Shayne Heffernan said that Peabody Energy has been the first [...]

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Shaanxi Coal Looks to Expand in Australia

Shayne Heffernan — Wed, 07 Mar 2012 02:42:37 +0000

Chinese Coal group to invest in Australia Shaanxi Coal and Chemical Industry Group Co Ltd, a major State-owned energy and coal chemical company, plans to invest in an Australian coal mine, group chairman Hua Wei told China Daily while attending the 5th session of the 11th National People’s Congress Tuesday. “We are currently undergoing geological [...]

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Asia and Oil Prices

Shayne Heffernan — Tue, 06 Mar 2012 16:52:27 +0000

Asian economies, a major net importer of Crude Oil as a whole, will be much more adversely affected than most other regions if Crude Oil prices keep rising, Nomura Research warned in a report. The price of Brent Crude was up nearly 15% last week from 108 bbl at the end of last year, hovering [...]

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Berau Coal Energy to Spend $691m on Exploration and Production

Shayne Heffernan — Tue, 28 Feb 2012 20:52:22 +0000

Berau Coal Energy plans to spend $691 million over the next three years to expand its exploration and production, up from an original target of $450 million to $475 million, the company’s president director said on Monday. Last year’s coal production was estimated at 20 million tons and net income at $180 million, a rise [...]

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Domestic Energy Push in USA

Shayne Heffernan — Mon, 30 Jan 2012 19:06:26 +0000

US plans to sell off remaining Gulf of Mexico oil leases The US government announced Thursday its plans to sell off Oil and Gas leases on 38-M acres of the Gulf of Mexico sea floor. The scheduled sale on 20 June would include all available un-leased areas in the offshore Louisiana, Mississippi and Alabama. It [...]

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Oil Production Jumps in Russia

Shayne Heffernan — Tue, 03 Jan 2012 06:07:30 +0000

Russia’s Crude Oil production taps post-Soviet high BP Russia’s Crude Oil production rose 1.25% in Y 2011 to a record level for the post-Soviet era, as companies in the World’s largest Crude Oil producing nation took advantage of higher prices and boosted output at new projects. Production grew to an average of 10.27-MBPD, according to [...]

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The Future of Gasoline

Shayne Heffernan — Wed, 28 Dec 2011 07:20:40 +0000

Gasoline and the Energy mix for the Future Ever wonder how many gallons of Gasoline takes to charge an iPhone, a quaint question yes, considering iPhones are charged with electricity, not Gasoline. The answer speaks to why Gasoline and other liquid fuels are and will continue to be an important part of the energy mix [...]

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Red Alert: Oil States International, Inc.(NYSE:OIS)

Shayne Heffernan — Mon, 05 Dec 2011 08:21:42 +0000

Red’s Bull Trade Alert: Oil States International, Inc.(NYSE:OIS) 5 December 2011 Profile: Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. The Accommodations segment offers temporary and permanent [...]

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Mitsubishi Corp. (TO:8058) Invests in Africa

Shayne Heffernan — Fri, 21 Oct 2011 06:31:12 +0000

The Japanese trading house Mitsubishi Corp. (TO:8058) said Friday it has agreed to acquire a 10% interest in a petroleum gas exploration project in Liberia, making it the 1st Japanese company to advance into the African Nation on a commercial basis. The Tokyo-based company said it reached an accord with Texas-based Anadarko Petroleum Corp. (NYSE:APC) [...]

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Oil Exploration in Greece

Shayne Heffernan — Fri, 07 Oct 2011 05:29:27 +0000

The Greek government approved Thursday plans for Crude Oil exploration and drilling in western Greece that could raise up to 25-B Euros (US$33.57-B) in revenues in the next 20 yrs. The project is promoted in the context of efforts to reduce the country’s heavy dependency on energy imports and solve a severe Greek debt crisis [...]

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Red Alert: Diamond Offshore Drilling, Inc. (NYSE:DO)

Shayne Heffernan — Thu, 06 Oct 2011 06:34:43 +0000

Red Alert: Diamond Offshore Drilling, Inc. (NYSE:DO) Profile: Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide. The company provides offshore drilling services in the deepwater, harsh environment, conventional semisubmersible, and jack-up markets to independent oil and gas companies and government-owned oil companies. As of December 31, 2009, it operated [...]

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Diamond Offshore Drilling, Inc. (NYSE:DO) Earnings Date

Shayne Heffernan — Thu, 06 Oct 2011 06:06:54 +0000

Diamond Offshore Drilling, Inc. to release Q-3 results on 20 October. DO Diamond Offshore Drilling, Inc. (NYSE:DO) announced today that it will issue a press release and host a conference call and webcast related to its Q-3 Y 2011 operating results Thursday, 20 October 2011. The conference call and webcast will include a discussion by [...]

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PTT Exploration and Production PCL , BAK:PTTEP a Must Own

Shayne Heffernan — Tue, 04 Oct 2011 19:54:29 +0000

PTTEP plans to more than triple its overall petroleum production to 900,000 barrels per day in 2020 through the acquisition of new projects in markets in cluding Australia, Canada, Africa and Southeast Asia. October 21, 2010 Shayne Heffernan issued a strong buy on PTT Exploration and Production Pcl PTTEP with a 310Baht price target in [...]

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Red Alert: Zion Oil & Gas, Inc. (NASDAQ:ZN)

Shayne Heffernan — Tue, 27 Sep 2011 08:02:32 +0000

Red Alert:Zion Oil & Gas, Inc. (NASDAQ:ZN) Early Call Profile: Zion Oil & Gas, Inc. operates as a development stage oil and gas exploration company in Israel. It holds 2 exploration licenses, the Joseph License and Asher-Menashe License, covering approximately 162,100 acres onshore in the state of Israel between Netanya in the south and Haifa [...]

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Solar Grants Update

Shayne Heffernan — Sat, 24 Sep 2011 09:09:19 +0000

DOE guarantees loans for several renewable energy projects BAM, ORA, NVE The US Department of Energy (DOE) said Friday that it has issued renewable-energy loan guarantees to back up to US$624-M in loans to build a Wind Farm, a Geothermal power plant and a Bio-fuels plant. The DOE said it finalized a partial guarantee for [...]

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ASX Listed New Hope Corp ASX:NHC a Winner

Shayne Heffernan — Tue, 20 Sep 2011 07:19:09 +0000

ASX Listed New Hope Corp ASX:NHC was upgraded by HCM back on June 5, 2011, today the company reported that profits had almost tripled full-year profit as coal exports rose to a record and the miner sold stakes in Arrow Energy and the Lenton project. Net profit rose to $503.1 million for the 12 months [...]

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Inpex Corp, TYO:1605 Upgraded

Shayne Heffernan — Sun, 18 Sep 2011 06:26:12 +0000

Inpex Corp, TYO:1605 has been upgraded to a strong buy with a 2012 price target of 700,000JPY issued today by Shayne Heffernan. In a note to traders Shayne Heffernan pointed to Inpex’s expansion in South East Asia, particularly new deals in Indonesia that will provide substantial long term growth. INPEX Holdings Inc. is a Japan-based [...]

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Sinopec (NYSE:SHI) Yuanba Gas Field a Winner

Shayne Heffernan — Sun, 18 Sep 2011 05:31:41 +0000

Energy giant Sinopec (NYSE:SHI) has discovered a Nat Gas field with around 160 billion cubic meters of proven reserves deposited nearly 7 kilometers underground, a Company subsidiary said Saturday. The Yuanba Gas field in Sichuan Province is the deepest ever Nat Gas field in marine strata found in China, with its deposits reaching as deep [...]

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EU to begin negotiations on Caspian Nat Gas pipeline project

Shayne Heffernan — Tue, 13 Sep 2011 06:55:23 +0000

The European Union (EU) will start talks with Azerbaijan and Turkmenistan to negotiate the construction of a trans-Caspian Nat Gas pipeline, the European Commission announced Monday. “The pipeline is a major project to bring new sources of gas to Europe,” said Energy Commissioner Gunther Oettinger, adding that work would commence as soon as possible. According [...]

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Gold, Silver and Crude Oil

Shayne Heffernan — Mon, 12 Sep 2011 07:50:20 +0000

The Overall Fundamentals Gold and Silver Gold futures on the COMEX Division of the New York Merc rose Friday, as the falling equity market prompted players to buy Gold as a safe-have investment, as a stronger USD worked to limit the gain. The most active Gold contract for Dec delivery rose 2.00, or 0.1%, to [...]

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Tony Hayward leave’s TNK-BP board

Shayne Heffernan — Mon, 12 Sep 2011 07:37:42 +0000

11 Sept. 2011 (LTN) Former CEO of British Petroleum (NYSE:BP)Tony Hayward is set to leave the board of TNK-BP following the announcement that his investment vehicle Vallares PLC will merge with Turkey’sGenel Energy International Ltd, The Sunday Telegraph (London) reported, citing unnamed sources. Hayward is expected to inform BP of his decision in coming weeks, [...]

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Chevron, Eni and JX Nippon are interested in Iraq’s Nassiriya Oil field

Shayne Heffernan — Mon, 12 Sep 2011 07:19:11 +0000

11 Sept 2011(LTN)- US Oil giant Chevron (NYSE:CVX), Italy’s Eni and Japan’sJX Nippon Oil & Energy Co. have shown an interest in developing the huge Nassiriya Oil field in southern Iraq, a senior Iraqi oil official said Sunday. Abdul Mahdy al-Ameedi said the 3 companies have offered to develop the field which is holding some [...]

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Goldman sees the USA as # 1 Crude Oil producer in Y 2017

Shayne Heffernan — Mon, 12 Sep 2011 06:59:55 +0000

11 Sept 2011 (LTN) The US will soon become the World’s #1 Crude Oil producer, The Sunday Times (London) reported Goldman Sachs (NYSE:GS) as forecasting. US Crude Oil production should reach 10.9-M BPD by Y 2017, a 33% higher than 8.3-M bbls currently, the newspaper reported Goldman as saying. Russia, now the Top Crude Oil [...]

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Anglo-American exits Macarthur Coal bid

Shayne Heffernan — Fri, 09 Sep 2011 12:13:30 +0000

9 Sept. 2011 (LTN)- Anglo American PLC (L:AAL), (PK:AAUKY) exited a potential counter bid for Australian coal miner Macarthur Coal Ltd. (AU:MCC), deciding the price was altogether too high, familiar people said. Macarthur recently backed a sweetened bid from Peabody Energy Corp. (NYSE:BTU) and ArcelorMittal (NYSE:MT), which values the coal miner at AU$4.83-B(US$5.09-B). Anglo American [...]

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Yanzhou Coal Mining Co. HKG:1171 Upgraded

Shayne Heffernan — Mon, 05 Sep 2011 18:20:34 +0000

HCM has upgraded Yanzhou Coal Mining Co. HKG:1171 to a strong buy with a 2012 price target of $34 issued today by Shayne Heffernan. Yanzhou Coal Mining Company Limited is principally engaged in coal mining, washing, processing, distribution and coal railway transportation. The Company operates its businesses through coal business, railway transportation, coal coking, electric [...]

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Gold, Silver and Oil Trading Technical Report

Shayne Heffernan — Sun, 04 Sep 2011 14:01:33 +0000

The Overall Fundamentals Gold and Silver The precious metals complex advanced across the board with Gold and Silver outperforming PGMs. Look at Gold, the metal consolidated within 1800-1850 for most of the week before a grim US employment situation helped the price to break out above the range. This week comes various central bank meetings [...]

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Shale Gas in China RDS-A, BP, CVX

Shayne Heffernan — Tue, 30 Aug 2011 17:42:10 +0000

China to begins hunt for Shale Gas SNP, PTR, CEO, RDS-A, BP, CVX, STO China’s Big 3; China Petroleum & Chemical Corp. (NYSE:SNP), China National Petroleum Corp. and its US-traded subsidiary PetroChina Co. Ltd. (NYSE:PTR) and Cnooc Ltd. (NYSE:CEO) are set to explore China’s vast projected reserves of Shale Gas. The US Energy Information Administration [...]

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Carlyle Group to IPO Dynamic Offshore Resources

Shayne Heffernan — Tue, 30 Aug 2011 07:27:24 +0000

Dynamic Offshore Resources, an Oil & Gas IPO Dynamic Offshore Resources Inc. is going to be an interesting IPO to watch. The company is a private Oil and Gas company that has received financial backing from Carlyle Group and Riverstone Holdings. The Company has recently filed to raise up to US$400-M by the sale of [...]

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Sinopec NYSE:SHI Beats Despite Government Controls

Shayne Heffernan — Sun, 28 Aug 2011 17:48:27 +0000

Net income rose 12 percent to 41.17 billion yuan ($6.5 billion), the company known as Sinopec said yesterday. That surpassed the 36.02 billion-yuan median estimate in a survey of six analysts and PetroChina Co.’s 1 percent gain. Refining and marketing accounted for 62 percent of Sinopec’s operating income last year, compared with 19 percent for [...]

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Undervalued Oil: Royal Quantum Group, Inc. OTC:RYQG

Shayne Heffernan — Thu, 25 Aug 2011 14:06:59 +0000

Royal Quantum Group, Inc. OTC:RYQG is a buy as Oil prices rise. Royal Quantum Group, Inc. OTC:RYQG (the “Company”) is pleased to update its shareholders on the company’s progress over the past months. The company’s first three wells drilled in Oklahoma continue their successful production rates as follows: The Bond #1 is producing at rates [...]

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Anadarko Petroleum Corp. (NYSE:APC) Strikes Ghana Oil

Shayne Heffernan — Wed, 24 Aug 2011 08:21:39 +0000

Anadarko announces Light Crude Oil discovery off Ghana Anadarko Petroleum Corp. (NYSE:APC) said Tuesday it has discovered light Light Crude Oil in a well offshore of Ghana, increasing the resource potential of an area in which the Company has made other large discoveries. Anadarko has a 30.875% working interest in the West Cape Three Points [...]

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ATP Oil & Gas Corporation NASDAQ:ATPG Upgraded

Shayne Heffernan — Mon, 22 Aug 2011 17:11:54 +0000

ATP Oil & Gas Corporation NASDAQ:ATPG has been upgraded to a strong buy with a 2012 price target of $21 issued today by Shayne Heffernan www.heffcap.com. The CEO T. Paul Bulmahn just added nearly $1 million worth of stock and two directors also made recent purchases totaling over $1.5 million. ATP Oil & Gas Corporation [...]

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Gold, Silver and Oil Trading Outlook

Shayne Heffernan — Sun, 21 Aug 2011 15:26:18 +0000

The Overall Fundamentals Gold and Silver + With the exception of Palladium, all precious metals I rose on the week. Silver was the best performer overall, followed by Gold and Platinum. The strength of these precious metals is down to this low interest rate-environment in developed countries, heightening inflationary pressures, political and economic uncertainties. The [...]

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Gold, Oil and USD

Shayne Heffernan — Thu, 18 Aug 2011 21:02:23 +0000

Update: Gold, Crude, and the “Greenback” Gold rallied 2% to a new high above 1,820 oz Thursday after US data pointed to a stalled economy, as renewed concern about the health of European banks brought additional safe-haven buying. Bullion’s 4th consecutive daily rise came after news that factory activity in the US Mid-Atlantic region fell [...]

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ASX AUD Trading Report

Shayne Heffernan — Fri, 12 Aug 2011 04:44:47 +0000

S&P/ASX200 index closed down 0.5 points, or 0.01 per cent, at 4,140.8, while the broader All Ordinaries index was down 3.9 points, or 0.09 per cent, at 4,203.5. On the ASX 24, the September share price index futures contract was up one point at 4095 points with 79,800 contracts traded. Telstra rose 16 cents, or [...]

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Commodities Oversold

Shayne Heffernan — Fri, 05 Aug 2011 14:01:06 +0000

Commodities mark worst losses since December 2008, Gold shines Commodities declined for an 8th day running, the longest losing streak since December 2008, on deepening that the Global economic slowdown would reduce demand for raw materials. The Standard & Poor’s GSCI Spot Index of 24 commodities lost as much as 0.8% to 639.83 and was [...]

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USDCHF, USDJPY, AUDUSD Currency Wars are Back

Shayne Heffernan — Thu, 04 Aug 2011 08:19:37 +0000

Governments around the world are taking action as the USD remains in free-fall. Central banks are now taking direct action to rebalance their currency against the softest USD in History. Japan on Thursday intervened in currency markets to weaken the yen, the government said, in a bid to counter speculator-driven rises that had pushed the [...]

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Gold, Silver and Oil Trading Outlook

Shayne Heffernan — Thu, 04 Aug 2011 07:36:36 +0000

The Overall Fundamentals The flight to safety in precious metals continued Wednesday as more poor economic data, and continued concerns about macro conditions in Europe hammered other asset classes. December Gold futures finished higher by 1.3% at 1665.70 oz, while September silver gained 3.9% to end at 41.69 oz. Gold futures rallied in overnight trade [...]

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Inflation Hot List, SLW, GG, ABX, RYQG

Shayne Heffernan — Thu, 19 May 2011 14:37:04 +0000

Silver Wheaton Corp. (USA) NYSE:SLW, Goldcorp Inc. (USA) NYSE:GG, Barrick Gold Corporation (USA) NYSE:ABX, Royal Quantum Group, Inc. PINK:RYQG If you have inflation concerns over the next few years here arre some stocks you should be owing now. Despite the recent sell off in commodities led by George Soros and followed by many Wall St [...]

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Blast Energy Services, Inc. Drilling News Due OTC:BESV

Shayne Heffernan — Thu, 10 Mar 2011 07:23:43 +0000

On the 5th of March Blast Energy Services, Inc. (“Blast”)(OTC Bulletin Board: BESV) announced that drilling at the Solimar Energy 76-3 well in the Guijarral Hills Field Area located in Fresno County, California has already reached a depth of 5,700 feet and should be penetrating the first of four targeted pay sands at approximately 7,000 [...]

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Aboitiz a Buy as Philippines Falls

Shayne Heffernan — Mon, 31 Jan 2011 08:42:18 +0000

In Manila the Philippine Stock Exchange index lost 88.87 points or 2.24 percent to 3,881.47. The financial, industrial, and property companies led the day’s decline, respectively falling by 3.06 percent, 3.02 percent, and 2.25 percent. On such a steep fall bargain hunters will be active and Shayne Heffernan has selected Aboitiz as one to be [...]

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Paul Ebeling on Gold, Silver, Oil

Shayne Heffernan — Thu, 27 Jan 2011 07:15:34 +0000

Gold moves higher after sharp drop Gold futures on the COMEX Division of the New York Merc Wednesday closed higher in a late-session rebound, as bargain hunters entered into the market following a sharp decline in the Gold price. The most active Gold contract for Feb delivery gained 0.7 oz, or 0.05%, to settle at [...]

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High Plains Gas, Revenue over $20m OTC:HPGS, NYSE:MRO, OTC:BCTE

Shayne Heffernan — Wed, 26 Jan 2011 07:50:52 +0000

High Plains Gas OTC:HPGS recently took over a number of Marathon Oil NYSE:MRO assets, yesterday we spoke to Brent Cook CEO of High Plains Gas OTC:HPGS about Marathon Oil NYSE:MRO and Big Cat Energy Corporation OTC:BCTE Exclusive Interview with Brent Cook CEO of HIGH PLAINS GAS INC, OTC:HPGS LTN:What is your growth strategy for the [...]

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China Stocks Continue Rebound, NYSE:CEO, NYSE:SHI, NYSE:CHU

Shayne Heffernan — Wed, 26 Jan 2011 06:40:43 +0000

CNOOC Limited (ADR) NYSE:CEO, Sinopec Shanghai Petrochemical Co. (ADR) NYSE:SHI , China Unicom (Hong Kong) Limited (ADR) NYSE:CHU China stocks are rebounding after falling 15% since November 8 2010. The Hang Seng Index gained 0.3 per cent to 23,856.81 in morning trade, halting a four-day, 2.6 per cent drop. Hong Kong, stocks rose as investors [...]

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Miners Lift ASX, Oil Search, BHP, Rio, Newcrest

Shayne Heffernan — Wed, 26 Jan 2011 06:29:45 +0000

In Sydney, Australia, BHP Billiton was up 13 cents at $45.05, and Rio Tinto added 40 cents at $85.51. Oil Search dipped two cents to $6.75 despite saying its oil and gas production came in above guidance in 2010 at 7.66 million barrels of oil equivalent (mmboe), following a better-than-expected performance from fields in Papua [...]

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PTTEP Expanding Oil and Gas

Shayne Heffernan — Tue, 25 Jan 2011 09:48:40 +0000

PTTEP, PTT Exploration and Production plans to invest about Bt562 billion in oil and gas projects from 2011 to 2015. PTTEP also sees bright prospects for continuing its Montara contract off Australia’s northern coast and hopes to start pumping oil in the final quarter of this year. President and CEO Anon Sirisaengtaksin said in an [...]

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Strong Buy on Natural Gas NYSE:UNG, OTC:HPGS, NYSE:WES

Shayne Heffernan — Tue, 25 Jan 2011 08:57:59 +0000

United States Natural Gas Fund, LP NYSE:UNG, High Plains Gas Inc OTC:HPGS, Western Gas Partners, LP NYSE:WES here are the best buys in natural gas NYSE:UNG, OTC:HPGS, NYSE:WES United States Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a commodity pool that issues limited partnership interests (units) traded on the NYSE [...]

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Jakarta Stocks, Sampoerna, Gudang Garam, United Tractors

Shayne Heffernan — Mon, 24 Jan 2011 20:25:27 +0000

In Jakarta, the JCI lost 33.48 points, or 0.99 percent, to close at 3,346.06 on Monday. About 2.5 billion shares worth Rp 4.1 trillion ($450 million) changed hands. Decliners led gainers 152 to 67. The index lost 5.6 percent last week. HM Sampoerna, the country’s largest cigarette maker, slipped 2.6 percent to Rp 25,900 and [...]

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Research Reports, ConocoPhillips, NYSE:COP, Coach, NYSE:COH

Shayne Heffernan — Mon, 24 Jan 2011 07:17:30 +0000

ConocoPhillips NYSE:COP , Coach NYSE:COH ConocoPhillips NYSE:COP , Coach NYSE:COH are on the earnings list this week and it is worth revisiting the recent research from HCM on them. ConocoPhillips NYSE:COP Chutinush Taksinapinunt of Heffernan Capital Management has issued a Strong Buy on ConocoPhillips NYSE:COP with a 2011 Target of $90. The upgrade is based [...]

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BP Energy Outlook, BP, HPGS, UNG, NGT

Shayne Heffernan — Fri, 21 Jan 2011 19:29:32 +0000

BP plc (ADR), NYSE:BP, High Plains Gas Inc OTC:HPGS, United States Natural Gas Fund, LP NYSE:UNG, Eastern American Natural Gas Trust NYSE:NGT Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under [...]

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Asean Stocks, Krakatau Steel, Aboitiz, MAYBANK, CIMB, Noble Group, PTT

Shayne Heffernan — Thu, 20 Jan 2011 21:35:16 +0000

ASEAN Stocks will open lower again today but they may rally in the afternoon session. Overnight in the USA Commodities fell sharply after China reported that its economy expanded 10.3 per cent in 2010, renewing concerns that the country’s central bank will increase borrowing rates to slow growth. China’s inflation surged 4.6 per cent in [...]

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Marathon Oil NYSE:MRO Assets go to High Plains Gas OTC:NXPN

Shayne Heffernan — Tue, 18 Jan 2011 10:04:39 +0000

Marathon Oil NYSE:MRO Assets go to High Plains Gas OTC:NXPN High Plains OTC:NXPN announced that it has officially taken over the operations of Marathon Oil NYSE:MRO Powder River Basin natural gas wells known as the North and South Fairway assets effective December 1, 2010. These Marathon Oil NYSE:MRO assets consist of 1,614 coal bed methane [...]

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Singapore Commodity Companies a Strong Buy Olam, Noble Group, Wilmar

Shayne Heffernan — Mon, 17 Jan 2011 10:58:21 +0000

Olam International, Noble Group, Wilmar International Singapore listed commodities companies are set to become the rising stars of the exchange in 2011 and will become global players of significant importance. Olam International Ltd, Wilmar International Ltd and Noble Group Ltd are most likely to lead the charge as the benefit from home grown markets in [...]

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Commodities Report NYSE:USO, NYSE:SLV, NYSE:GLD

Shayne Heffernan — Sat, 15 Jan 2011 18:27:55 +0000

SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO NYSE:USO, NYSE:SLV, NYSE:USO Red says, Players are placing Big Bets on the Commodities’ Bull Y 2011 is bringing up memories of Y 2008 action in he commodities pits, as rising crop prices kindle fears of a food crisis [...]

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Callon Petroleum NYS:CPE Upgraded to Strong Buy

Shayne Heffernan — Fri, 14 Jan 2011 16:39:26 +0000

Callon Petroleum Company NYSE:CPE has been upgraded to a strong buy at Heffernan Capital Management, Chutinush Taksinapinunt has released a strong buy on the stock in research released today. Callon Petroleum Company (Callon), incorporated in 1994, is engaged in the exploration, development, acquisition and production of oil and gas properties. In September 2009, the Company [...]

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Seadrill Limited NYSE:SDRL Strong Buy

Shayne Heffernan — Wed, 12 Jan 2011 11:25:04 +0000

Seadrill Limited Ordinary Shares (Bermuda) NYSE:SDRL Strong Buy issued by Shayne Heffernan with a $60 2012 price target. Company has a dividend yield over 7% and is in one of the world’s hot sectors. Seadrill Limited Ordinary Shares (Bermuda) NYSE:SDRL Seadrill is a leading offshore deepwater drilling company, aiming to be our customers’ most important [...]

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Strong Buy Straits Asia Resources SGX:SAR, SIN:AJ1

Shayne Heffernan — Wed, 12 Jan 2011 08:29:22 +0000

Shayne Heffernan has issued a strong buy on Straits Asia Resources SGX:SAR with a price target of $5 in 2012. Straits Asia is an unique company with a simple business model – mining thermal coal for export to major power utilities in Asia. In November 2006, Straits Asia was the first coal company to be [...]

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Paul Ebeling on Gold, Silver, Oil NYSE:USO, NYSE:SLV, NYSE:USO

Shayne Heffernan — Sun, 09 Jan 2011 14:21:14 +0000

SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO Commodities started Y 2011 on a rocky path, as prices were set by the USD’s strength and macro-economic developments. SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO Earlier in [...]

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United States Natural Gas Fund NYSE:UNG Upgrade

Shayne Heffernan — Fri, 07 Jan 2011 11:39:42 +0000

United States Natural Gas Fund NYSE:UNG Natural gas futures were climbing this morning on a report that U.S. gas stockpiles in the past week fell more than expected. Gas will start to rally in a big way during 2011 making UNG a stand out buy. Our price target is $10. The U.S. Energy Information Administration [...]

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Global Economy 2011

Shayne Heffernan — Fri, 31 Dec 2010 07:19:51 +0000

As Equities ease a bit, hopes run high for Y 2011 Global equities were mainly on the defensive Thursday, while the Swiss franc hit record highs against the USD and Euro as light trading characterized he markets. As the year comes to a end, optimism is high that Y 2011 will see further gains for [...]

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Paul Ebeling Wall St Report, CRM, AAPL, ORCL, RIMM, STD, RBS

Shayne Heffernan — Mon, 20 Dec 2010 08:13:29 +0000

Watching the VIX: The CBOE Volatility index .VIX fell to its lowest level since April, dropping 7.4% to 16.11. Some indicators are pointing: to an “Overbought” market such as high levels of Bullishness, often seen as a contrarian indicator, as well as a high Call to Put ratio, indicating players may be complacent about hedging [...]

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High Plains Gas Inc OTC:NXPN Price Target $12 in 2011

Shayne Heffernan — Tue, 14 Dec 2010 14:08:08 +0000

High Plains Gas Inc OTC:NXPN Price Target $12 in 2011 Ebeling Heffernan have released a strong buy High Plains Gas Inc OTC:NXPN. High Plains Gas Inc OTC:NXPN is expected to post Strong Revenue for Q4 2010 and Q1 2011 after the Marathon Acquisition. High Plains Gas Inc OTC:NXPN Management has extensive history of success with [...]

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Indonesia, Agriculture, Arrow Resources OTC:ARWD

Shayne Heffernan — Thu, 09 Dec 2010 17:48:01 +0000

A Strong Buy has been issued on Arrow Resources OTC:ARWD At Phase 1 of production the company values at over $3 per share. Over $100m has already been invested in Indonesia. Production of Corn, Palm Oil, Timber, Ethanol Trading in fuels, agricultural produce 3.5 million hectares (ha) of land on the islands of Kalimantan and [...]

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Red’s Weekend Report on Gold, Silver and Crude Oil

Shayne Heffernan — Mon, 06 Dec 2010 13:44:33 +0000

Red’s Weekend Report on Gold, Silver and Crude Oil The Fundamental Outlook Gold futures on the COMEX Division of the New York Merc ran North Friday, capping a 5 day Winning streak, as the downbeat US employment data spurred investors to the perceived safe-haven of Gold. Silver rose to a 30 yr high, and Platinum [...]

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Report on Gold, Silver and Crude Oil

Shayne Heffernan — Thu, 02 Dec 2010 12:04:29 +0000

Red’s Mid-week Report on Gold, Silver and Crude Oil 1 December 2010 Paul A. Ebeling, Jnr. www.livetradingnews.com The Fundamental Overview The USD traded mixed against major currencies in late New York trading Wednesday as the Euro rebounded on speculation that the European Central Bank (ECB) may take action to curb the recent losing streak. The [...]

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Shayne Heffernan Global Market Outlook

Shayne Heffernan — Sun, 28 Nov 2010 12:22:40 +0000

Chimera Investment (NYSE:CIM), Grupo Aeroportuario (NYSE:ASR), Formula Systems (NASDAQ:FORTY), American Capital Agency (NASDAQ:AGNC) Wall St Outlook Europe’s problems continue but not even they will stop a Wall St Rally this week, strong holiday spending and a much improved US employment situation will be enough to lift the Street this week. The same fear mongering headlines [...]

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Strong Buy on Eni S.p.A. (ADR) NYSE:E

Shayne Heffernan — Fri, 26 Nov 2010 09:13:06 +0000

Eni S.p.A. (ADR) NYSE:E Shayne Heffernan Price target $61.50 in 2011, Strong Dividend Yield Eni SpA (Eni) is engaged in the oil and gas, power generation, petrochemicals, oilfield services and engineering industries. Eni has operations in 77 countries as of December 31, 2009. It operates in five segments: Exploration & Production, Gas & Power, Refining [...]

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ASEAN Outlook, PTT, ARWD, Sunvic, PTTEP, Yee Lee

Shayne Heffernan — Thu, 25 Nov 2010 20:01:48 +0000

ASEAN Markets will look to extend gains today as positive sentiment from the USA lifts regional export growth. Palm Oil Stocks Univanich, Yee Lee and Golden Agri look like good buys, Indonesian producer Arrow Resources should also be a good buy this week. SunVic , Sunpower and Hu An stand out in Singapore. PTT and [...]

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Strong Buy on Sunpower Group Limited SGX 5GD

Shayne Heffernan — Thu, 25 Nov 2010 17:27:57 +0000

Around 85 percent of Sunpower’s revenue comes from China and the remaining from overseas markets like Southeast Asia, the United States and Europe. Sunpower is currently among the top three companies in China’s high-end market for energy-saving products and aims to be number one in three to five years, Ma said, adding that Japanese company [...]

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Philippine Stock Exchange Flat

Shayne Heffernan — Tue, 23 Nov 2010 19:07:14 +0000

In Manila the Philippine Stock Exchange index trading sideways on Tuesday before it settled at 4, 147.35, 0.94 percent or 39.54 points lower. The broader all-share index was up by 2.35 percent or 65.25 points to 2,830.42. Trading volume reached 1.18 billion shares worth P5.24 billion ($126.1 million). Decliners continue to outsmart advancers 88 to [...]

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Best Dividend Buys, AGNC, MSW, NAT, CEL

Shayne Heffernan — Sun, 21 Nov 2010 22:26:54 +0000

American Capital Agency Corp. NASDAQ:AGNC, Mission West Properties, Inc. NASDAQ:MSW, Nordic American Tanker Shipping Limited NYSE:NAT, Cellcom Israel Ltd. NYSE:CEL Dividend stocks are what you should be buying right now. The low interest environment is making these stock long term bargains. Heffernan Capital Management is going to launch an all dividend, geographically diverse stock fund [...]

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Bangkok Over 1000, PTT, Banpu, IVL, PTTEP

Shayne Heffernan — Thu, 18 Nov 2010 20:33:13 +0000

The Stock Exchange of Thailand (SET) composite index went up 14.59 points or 1.47% to close at 1,004.72 points at the end of trading session on Thursday afternoon. The trade value was 30.96 billion baht. Straits Resources Limited has reportedly agreed to sell off its coal assets to Thailand energy PTT firm for AUD 544.1 [...]

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HK Stocks Rally, Cheung Kong , China Life, PetroChina, Sinopec

Shayne Heffernan — Thu, 18 Nov 2010 16:53:46 +0000

Cheung Kong HKG:0001, China Life NYSE:LFC, PetroChina NYSE:PTR, Sinopec NYSE:SHI Hong Kong stocks spiked on Thursday after a nearly 6 percent drop of the benchmark index in the past four trading days, as heavyweights and mainland lenders rebounded powerfully. The benchmark Hang Seng Index moved up 422.93 points, or 1.82 percent, to close at 23,637.39 [...]

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Sembcorp Marine S51 Closes $195m Sale

Shayne Heffernan — Wed, 17 Nov 2010 09:48:42 +0000

Ebeling Heffernan strong buy, Singapore listed Sembcorp Marine’s subsidiary PPL Shipyard has signed a US$195 million contract to sell a jack-up rig, already under construction, to Transocean Ltd, the world’s largest drilling contractor and the leading provider of drilling management services worldwide. The jack-up rig is based on PPL Shipyard’s latest proprietary design, the Pacific [...]

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ASEAN Market Outlook, OLAM, PTT, IVL, PTTEP, UOB

Shayne Heffernan — Mon, 15 Nov 2010 21:42:01 +0000

ASEAN Markets will managed to add to gains today after strong leads from Wall St and Japan. The Dow Jones industrial average ended up 9.39 points, or 0.08 per cent, at 11,201.97, according to the latest available figures. The Standard & Poor’s 500 Index was down 1.46 points, or 0.12 per cent, at 1197.75. The [...]

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Global Outlook, NYSE:VIA.B, NYSE:CIM, NYSE:GA

Shayne Heffernan — Sun, 14 Nov 2010 15:22:48 +0000

Viacom, NYSE:VIA.B Chimera Investment Corporation, NYSE:CIM, Giant Interactive Group Inc, NYSE:GA, Golden Agri-Resources Ltd, SIN:E5H, Univanich Palm Oil Public Company Limited, UVAN, Arrow Resources Development Inc, OTC:ARWD, Yee Lee Corp, YLEE, 5584 Wall St, Singapore, Thailand, Malaysia, Indonesia Many are touting Wall Street’s rally is running out of steam as the S&P 500 retreats from [...]

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Commodity Super-Cycle Coming

Shayne Heffernan — Sun, 14 Nov 2010 13:04:23 +0000

In View: Commodity super-cycle looks to be a “Hot Runner” again How good is your memory? Do you remember the commodity super-cycle that had a big following in the City of London 5 yrs ago? Yes, I do for sure, the premise then was that the emergence of new the industrial Superpowers,China and India, would [...]

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Paul Ebeling Gold, Silver and Oil Report

Shayne Heffernan — Thu, 11 Nov 2010 15:54:04 +0000

Overview Gold Recovered but Margin Calls on Silver could Trigger Further Decline Gold hung around 1400 in the EU session as the near-term outlook remained a bit uncertain. New margin requirements in CME Comex unit triggered slumps in precious metals yesterday. Shayne and I expect the impact to last for a while but not long, [...]

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ASEAN Market Outlook, DBS, PTT, UVAN, Ayala, IVL, Yee Lee

Shayne Heffernan — Wed, 10 Nov 2010 21:15:51 +0000

ASEAN Markets look set for a broad based rally today after a positive night in US markets. News on US Jobs and a Shrinking US Trade Gap will help ASEAN Markets build on their incredible rally in 2010.US stocks erased their morning losses Wednesday, moving tepidly in and out of positive territory in late trading [...]

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PTT and PTTEP Lift Thailand Stock Exchange

Shayne Heffernan — Mon, 08 Nov 2010 19:48:58 +0000

In Bangkok, The Stock Exchange of Thailand (SET) composite index on Monday gained 9.34 points or 0.90 per cent to close at 1,049.79 points. The market value was 43.17 billion baht, with 3.85 billion shares traded. The Set is headed to the Ebeling Heffernan target of 1100 in early 2011. Mr Charamporn, President of the [...]

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Wall St Outlook, NYSE:JPM, NYSE:HTS, NYSE:TNK

Shayne Heffernan — Sun, 07 Nov 2010 13:34:28 +0000

Shayne Heffernan Global Market Outlook, JP Morgan NYSE:JPM, Hatteras Financial Corp NYSE:HTS, Teekay Tankers NYSE:TNK, Bangkok:UVAN, Singapore:NEPS, Maylasia:YLEE, NYSE:NLY, NYSE:AIB Wall Street delivered the rally and volatility we expected this week despite the 3 big challenges, elections, the U.S. Federal Reserve meeting and the Unemployment data. Earnings during the week were also solid and market [...]

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Paul Ebeling Report on Gold, Silver and Oil

Shayne Heffernan — Sun, 07 Nov 2010 12:05:57 +0000

Red’s Week End Report on Gold, Silver and Crude Oil 8 November 2010 Paul A. Ebeling, Jnr. aka The Red Roadmaster www.livetradingnews.com Charts by Omega Research Overview Gold rose to a new record high at 1349 before close pit trade at 1383.1 Friday. The +3.4% rise was the biggest daily gain since March, and was [...]

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Strong Buy on Univanich Palm Oil

Shayne Heffernan — Sat, 06 Nov 2010 09:55:37 +0000

Univanich Palm Oil is listed on the Stock Exchange of Thailand one of the world’s leading emerging market economies. Woraphop Viriyaroj has placed a strong buy on Univanich Palm Oil, Ebeling Heffernan have placed a Price Target of B110 on the stock for in 2011. Univanich has displayed Strong Post AFTA growth as the company [...]

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Auto Sector Rebounds, Ford NYSE:F Hits a High

Shayne Heffernan — Thu, 04 Nov 2010 17:11:20 +0000

The stock rose as much as 4.3 percent to $15.83, its highest level since June 2004. The company’s U.S. auto sales are up 21 percent so far this year, compared with a rise of nearly 11 percent for U.S. auto sales. Other automakers were also showing gains on Thursday, including Toyota Motor Corp (7203), and [...]

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Indonesia Hot Stocks in New York, NYSE:IDX, OTC:ARWD, NYSE:TLK

Shayne Heffernan — Thu, 04 Nov 2010 15:24:33 +0000

Market Vectors Indonesia Index (ETF) NYSE:IDX, PT Telekomunikasi Indonesia (ADR) NYSE:TLK, Arrow Resources Development Inc. (OTC:ARWD) Market Vectors Indonesia Index (ETF) NYSE:IDX IDX is pretty well diversified among sectors with large allocations going towards financials (25%) and industrial materials (19.8%). However, the fund has no securities that are engaged in the technology or health care [...]

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Trade Alert: Devon Energy Corporation NYSE:DVN

Shayne Heffernan — Thu, 04 Nov 2010 09:58:10 +0000

Red’s Bull Trade Alert: Devon Energy Corporation (NYSE:DVN) 3 November 2010 LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr, today ID’d the start of a New Bullish Trend (NBT) for Devon Energy Corporation. Devon Energy Corporation closed at 65.93 on Tuesday and opened Wednesday at 66.67. The stock price rose 2.29 (4.29%) and closed Wednesday [...]

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Paul Ebeling on Gold, Silver and Oil

Shayne Heffernan — Sun, 31 Oct 2010 18:36:32 +0000

Overview Player’s expectations of US Fed’s QE-2 policy dominated the movements of asset prices. I do not believe that there is a Q as to the action that will be taken at the FOMC meeting this week, the Q is the amount and the timing that has brought on the intense media debate. The USD [...]

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Shayne Heffernan on NYSE:BAC, NYSE:FAS, PTTEP, SembCorp

Shayne Heffernan — Sat, 30 Oct 2010 18:57:03 +0000

Hot Stocks, Bank of America NYSE:BAC, Direxion Daily Financial Bull 3X Shs (ETF) Public, NYSE:FAS, Singapore Sembcorp Marine, Thailand PTT Exploration and Production Pcl PTTEP. Direxion Daily Financial Bull 3X Shs (ETF) took the worst hit possible during the financial crisis but, given the very cheap valuations of most of the financial sector FAS represents [...]

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ASX Lower, Whitehaven Coal Surges

Shayne Heffernan — Fri, 29 Oct 2010 06:45:17 +0000

The ASX Index was down 23.3 points, or 0.5 per cent, at 4661.6 points, while the broader All Ordinaries Index fell 19.3 points, or 0.4 per cent, to 4733.5. For the week, the ASX200 eked out a 0.3 per cent increase. October was another winning month – the third in the past four – with [...]

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Ebeling Heffernan Strong Buy PTTEP Earnings Surge

Shayne Heffernan — Thu, 28 Oct 2010 18:50:54 +0000

Ebeling Heffernan Strong Buy, PTT Exploration and Production Plc (PTTEP) said its net profit in the third quarter doubled to 10.53 billion baht from a year earlier on higher oil prices. Shayne Heffernan of Ebeling Heffernan has issued a strong buy on PTT Exploration and Production Pcl PTTEP with a 310Baht price target in 2011 [...]

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IPO Boom in Asia

Shayne Heffernan — Thu, 28 Oct 2010 12:51:24 +0000

There is record demand for initial public offerings in Asia, companies from China to Malaysia and India are coming to market with more equity than ever. Heffernan Holdings is expanding operations this month bringing to the team some of Asia’s best and brightest from UOB, Ayudhya and Kasikorn as they set about building and international [...]

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The Thailand Hot List, PTTCH, PTT, Banpu, IVL, JAS

Shayne Heffernan — Wed, 27 Oct 2010 19:29:02 +0000

The Stock Exchange of Thailand (SET) composite index on Wednesday dropped 12.08 points or 1.21 per cent to close at 983.96 points. The market value was 32.13 billion baht, with 4.82 billion shares traded. The Thailand Hot List PTTEP, PTTCH, PTT, IVL, Banpu, Jas are the stocks to be buying in Bangkok today after they [...]

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ASEAN Outlook SGX, OLAM, GENTING, Noble, IVL, PTT, Banpu

Shayne Heffernan — Tue, 26 Oct 2010 20:16:39 +0000

ASEAN Markets should trade a little higher today after a flat day in the region yesterday. Over night on Wall St the market had good and bad news and ended flat. The Dow Jones industrial average shed 1.86 points, or 0.02 per cent, to 11,162.19. The Standard & Poor’s 500 Index slipped 0.99 points, or [...]

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IPO of US22m from Laugfs Gas Ltd, Sri Lanka

Shayne Heffernan — Tue, 26 Oct 2010 17:47:23 +0000

A premier energy company in Sri Lanka Laugfs Gas Limited expects to raise USD22million for its expansions and investments in the emerging opportunities from the post war era. Laugfs gas Limited is the only competitor for Shell Gas within Sri Lanka whilst it enjoys a market share of 28% in the overall market Gas segment [...]

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Paul Ebeling Wall St Technical Analysis, BIDU, AEMC, DIS

Shayne Heffernan — Mon, 25 Oct 2010 13:48:03 +0000

Red’s Bull Technical Alert: The S&P 500 sent a Bull Trading Signal as the index’s 50 Day Moving Average crossed above its 200 Day Moving Average, known as a “Golden Cross.” That upward momentum indicator last occurred in June 2009, and the Benchmark index rose more than 35% in the following 10 months. US Stocks [...]

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India Buys Africa

Shayne Heffernan — Mon, 25 Oct 2010 08:34:05 +0000

Indian companies acquired or invested in at least 79 companies in Africa, chasing business in less crowded markets after growing in a home economy that expanded by an average 8.5 percent since April 2005. Africa’s gross domestic product expanded 4.9 percent a year from 2000 to 2008, McKinsey & Co. said in a June report. [...]

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Singapore Sparks ASX Rally

Shayne Heffernan — Mon, 25 Oct 2010 08:06:51 +0000

Australian Securities Exchange, has agreed to a $8.4 billion takeover offer, or $48 a share, by the Singapore Exchange. The news led to a strong rally on the ASX. ASX shares traded last at $34.96 before entering a trading halt on Friday, but when it resumed trading on Monday afternoon following the announcement, shares soared [...]

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Coal India IPO, 30% Rally Expected

Shayne Heffernan — Sun, 24 Oct 2010 17:27:51 +0000

Coal India’s IPO, the largest in the country’s history, was subscribed more than 15 times by close on Thursday, with most bids at the top end of the 225 to 245 rupees price range. Local and foreign brokerages estimated that Coal India could see upside of roughly 30 percent from its IPO valuation range, given [...]

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PTTEP and IVL to Rally this Week in Thailand

Shayne Heffernan — Sun, 24 Oct 2010 17:18:49 +0000

This week in the USA economic data should lead to a rally, and that will spill over into the ASEAN Markets. In Thailand Indorama and PTTEP stand out as strong buys on Monday. Indorama Indorama Ventures Limited is one of the largest vertically integrated polyester and PET chain producers in the world and a leading [...]

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This Weeks Earnings, Amgen (NASDAQ: AMGN), Visa (NYSE: V), Chevron (NYSE: CVX), Colgate-Palmolive (NYSE: CP)

Shayne Heffernan — Sun, 24 Oct 2010 16:52:22 +0000

As we enter the 3nd week of this earnings season there will be a lot of activity to review, digest and consider. On Monday: Amgen (NASDAQ: AMGN) reports before the Bell. On Tuesday: Texas Instruments (NYSE: TXI). Bristol-Meyers Squibb (NYSE: BMY), Coach (NYSE: COH), McGraw-Hill (NYSE: MHP), and U.S. Steel (NYSE: X) report in the [...]

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Weekly Report on Gold, Silver, Base Metals and Crude Oil

Shayne Heffernan — Sun, 24 Oct 2010 15:54:37 +0000

The Macro-economic developments dominated the Commodity Market last week. Treasury Secretary Timothy Geithner reiterated the US’s ‘Strong Dollar’ policy, and People’s Bank of China raised both the savings deposit rate and lending rates by +25 bps. Both moves pressured commodities,and prices were choppy throughout the week as speculations for QE-2 remained but some players worried [...]

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Neptune Orient Lines Singapore Strong Buy Target $4.20

Shayne Heffernan — Sun, 24 Oct 2010 13:46:04 +0000

Ebeling Heffernan has issued a strong buy on Neptune Orient Lines with a 2011 price target of SGD$4.20. Neptune Orient Lines Limited (NOL) is an investment holding company. The Company is engaged in the ownership and charter of shipping vessels, as well as participation in ventures related to these activities and the principal activities of [...]

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After the Bell, BIDU, AXP, VZ, GOOG

Shayne Heffernan — Fri, 22 Oct 2010 21:51:40 +0000

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Province asks Canada to block BHP’s Potash bid

Shayne Heffernan — Fri, 22 Oct 2010 13:14:12 +0000

Saskatchewan said on Thursday it would urge Ottawa to block BHP Billiton’s (BHP.AX)(NYSE:BHP) attempt to take over Potash (NYSE:POT) because a successful bid by the Anglo-Australian miner could hurt jobs and revenues in the province. Potash is one of Canada’s largest resource firms. Demand for its namesake product is set to surge in coming years [...]

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ASEAN Markets, Genting, PTT, Sembcorp, Olam, Bumi, IVL, PTTEP

Shayne Heffernan — Thu, 21 Oct 2010 21:14:00 +0000

Another strong night on Wall St will see more gains in the ASEAN markets today. The Dow Jones industrial average gained 38.60 points, or 0.35 per cent, to 11,146.57. The Standard & Poor’s 500 Index gained 2.09 points, or 0.18 per cent, to 1180.26. The Nasdaq Composite Index gained 2.28 points, or 0.09 per cent, [...]

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Bangkok Closes Flat, Banpu up 1.88%

Shayne Heffernan — Thu, 21 Oct 2010 20:31:49 +0000

The Stock Exchange of Thailand (SET) composite index on Thursday gained 0.69 point or 0.07 per cent to close at 988.80 points. The market value was 31.69 billion baht, with 3.21 billion shares traded. Toyota said it will begin assembling its Prius hybrid in late November at its Gateway plant in Thailand, about 70 miles [...]

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The ASX and AUD

Shayne Heffernan — Thu, 21 Oct 2010 09:17:21 +0000

The ASX closed flat today, early gains reversed when China released growth numbers. China’s economy grew 9.6 per cent in the third quarter, the smallest gain in a year, as inflation accelerated in September to the fastest pace in 23 months. The news put pressure on shares from which the market didn’t recover. The Australian [...]

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Mid-week Gold, Silver and Crude Oil Report

Shayne Heffernan — Thu, 21 Oct 2010 08:54:33 +0000

Gold ETF’s Investment still Strong, Silver Too Investment in precious metal ETFs remained strong last week and demand for PGMs outperformed that for Gold and Silver. Several factors on the Global economic front continued to support precious metals: Fed’s return to QE as in QE-2, the tendency of advanced economies to keep interest rates low, [...]

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Red’s Bull Trade Alert: PG & E (NYSE:PCG)

Shayne Heffernan — Thu, 21 Oct 2010 08:27:01 +0000

Red’s Bull Trade Alert: PG & E (NYSE:PCG) 10/20/2010 LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr, today ID’d the start of a New Bullish Trend (NBT) for PG & E. Shares of PCG closed at US$46.91 in Tuesday’s and opened Wednesday at US$47.08. The stock price rose US$0.59 (1.18%) to close at US$47.50 Wednesday. [...]

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Wall St Posts Strong Gains

Shayne Heffernan — Wed, 20 Oct 2010 20:23:51 +0000

The Dow Jones industrial average gained 157.50 points, or 1.43 per cent, to 11,136.12. The Standard & Poor’s 500 Index rose 15.33 points, or 1.31 per cent, to 1181.23. The Nasdaq Composite Index added 28.59 points, or 1.17 per cent, to 2465.54. Equities and the greenback have had an inverse relationship lately, with the weaker [...]

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ASEAN Markets to Rally, PTT, IVL, Sembcorp, PLDT, Genting

Shayne Heffernan — Wed, 20 Oct 2010 20:14:33 +0000

Asean markets are in for another rally today and the best stock to own are PTT, IVL, Sembcorp, PLDT, Genting. Earnings and Outlook lifted the Wall St Session over night. Dow Jones 11,107.97 +129.35 (1.18%) S&P 500 1,178.17 +12.27 (1.05%) Nasdaq 2,457.39 +20.44 (0.84%) Energy stocks will see the bestof the gains in the morning [...]

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ASEAN Markets Will Open Lower

Shayne Heffernan — Tue, 19 Oct 2010 20:30:23 +0000

ASEAN Markets will suffer a sharp decline at open after a series of bad events on Wall St, a surging dollar and a mortgage foreclosure crisis sparked by the Obama Administration, who managed to yet again undermine the rights of private enterprize for the sake of votes. The Dow Jones industrial average was down 165.14 [...]

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Electric Car Company, Inc. OTC:ELCR and Neah Power Systems, Inc. OTC:NPWZ

Shayne Heffernan — Tue, 19 Oct 2010 08:14:07 +0000

It was good to see Neah Power return to their core business, Fuel Cells, and Fuel Cells in Electric Cars is going to become a huge growth business. The deal with Electric Car Company, Inc. OTC:ELCR looks like it will produce new product and revenue under the LOI terms announced. I am not very concered [...]

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Gunkul Engineering IPO a Success in Thailand

Shayne Heffernan — Tue, 19 Oct 2010 07:44:41 +0000

Gunkul, a supplier of electrical and green energy equipment, has set its initial public offering price at 5.40 baht a share and is scheduled to start trading on the Stock Exchange of Thailand on Oct 19. The shares were trading at 9.00 Baht at 2.41pm local time. The funds raised from the IPO will be [...]

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ASX Drifts on Profit Taking

Shayne Heffernan — Tue, 19 Oct 2010 07:37:04 +0000

The ASX closed up 3.8 points, or 0.1 per cent, at 4655.7, while the broader All Ordinaries index gained 3.9 points, or 0.1 per cent, to 4727.1. Shares in Oz Minerals lost early gains of 3 per cent, ending down 0.3 per cent at $1.59. The miner reported a dip in quarterly production but analysts [...]

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BP sells its Venezuela and Vietnam businesses

Shayne Heffernan — Tue, 19 Oct 2010 07:11:16 +0000

British oil giant BP said Monday it will sell its upstream business and associated interests in Venezuela and Vietnam to its own Joint Venture in Russia to help cover its Gulf of Mexico oil spill costs. The agreement with TNK-BP, Russia’s 3rd largest Crude Oil company, will bring in a total of US$1.8B, BP said [...]

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Bangkok Falls, PTT Strong Buy

Shayne Heffernan — Mon, 18 Oct 2010 20:13:25 +0000

The Stock Exchange of Thailand (SET) composite index on Monday dropped 13.12 points or 1.32 per cent to close at 984.03 points. The market value was 31.36 billion baht, with 5.55 billion shares traded. PTT Plc plan to reap the benefits of a stronger baht by accelerating their investment plans and debt repayments making PTT [...]

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Strong Buy on Sembcorp Marine S51

Shayne Heffernan — Mon, 18 Oct 2010 10:48:51 +0000

Sembcorp Marine has closed over $700m USD worth of deals in the last month and is still trading at SG$4.50 Sembcorp Marine’s subsidiary Jurong Shipyard (JSPL) has secured orders of US$384 million for two turnkey jack-up rigs with options for another four jack-up rigs from Seadrill. The total estimated value of the six jack-up rigs, [...]

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This Week in ASEAN Stocks, OLAM, PTT, Genting

Shayne Heffernan — Sun, 17 Oct 2010 15:53:42 +0000

ASEAN Exchanges are at all time highs and this week will see them focused on Wall St News and the Currency War between the USA and China. If you are buying in ASEAN this week stick to quality stocks that still have room for growth. ASEAN Best Buys PTT, PTT PTT Plc, Thailand’s largest oil [...]

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Corporate Finance Asia

Shayne Heffernan — Sun, 17 Oct 2010 09:34:15 +0000

Ebeling Heffernan is fast becoming one of the leading firms in the U.S. and international securities markets, participating in varied public offerings and private placements. Our clients include all categories of market participants: issuers, underwriters, broker-dealers, investment advisors and investors. Our Asian Markets and Corporate Finance group leverages the company’s depth in the financial services [...]

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Heffernan Holdings and Buzz Technologies Inc OTC:BZTG

Shayne Heffernan — Sun, 17 Oct 2010 09:21:04 +0000

Heffernan Holdings will be trading on the Nasdaq OTC and the company is happy to report there have been no changes to the business or corporate plans. BZTG shareholders will take on a Heffernan Holdings stock on a 1 for 1 basis, the company will then plan on moving to another OTC market prior to [...]

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Paul Ebeling on Gold, Silver and Oil

Shayne Heffernan — Sun, 17 Oct 2010 08:58:10 +0000

Commodities: the “Hot ticket” Gold’s Up-trend was not affected by US Fed Chairman’s Bernanke’s Comments The prospects for another round of QE aka QE-2 sent the USD to a 15 yr low vs the Yen and the US Dollar index to its lowest mark since December 11, 2009. Weakness in “Greenback” caused a huge flow [...]

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Hot Money Hits the ASX and AUD

Shayne Heffernan — Thu, 14 Oct 2010 06:49:20 +0000

Today the ASX index was 79.2 points higher, or 1.7 per cent, at 4699.1, while the broader All Ordinaries index jumped 74.8 points, or 1.6 per cent, to 4765.9. All sectors except for health care posted gains, with materials rising 2.6 per cent, gold up 2.9 per cent and financials gaining 1.7 per cent. Health [...]

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PTT Moves to Expand Globally

Shayne Heffernan — Wed, 13 Oct 2010 19:43:50 +0000

PTT Plc, Thailand’s largest oil conglomerate, will speed up its overseas investment plans thanks to the baht appreciation, according to Tevin Vongvanich, the firm’s chief financial officer. The new five-year investment plan covers this year through 2014, with funds of Bt50-60 billion. PTT will invest more in producing liquefied natural gas (LNG) next year, and [...]

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HCM to Launch Global CFD Platform

Shayne Heffernan — Tue, 12 Oct 2010 15:02:55 +0000

Heffernan Capital Management will offer instant access to financial instruments and securities around the world including prices on stocks, sectors, indices, currencies, commodities and interest rates. We will be providing the tools and the platform so our clients can trade global markets, our online trading platforms provide all of the needed tools. Our online and [...]

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Thailand to Continue Rapid Growth

Shayne Heffernan — Tue, 12 Oct 2010 07:45:28 +0000

Thailand, Southeast Asia’s biggest economy after Indonesia, had its best two consecutive quarters of growth since 1995 in the first half. The finance ministry on Sept. 27 raised its 2010 forecast for the third time in six months, to as much as 7.8 percent from a June estimate of 6 percent. That would be the [...]

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Gold and Crude Oil Report + Silver

Shayne Heffernan — Sun, 10 Oct 2010 05:47:13 +0000

Red’s Weekend Gold and Crude Oil Report + Silver Last week Commodities rose on the weakness of the USD. The Bank of Japan announced means to step up easing measures to revive the country’s economic recovery Tuesday. The central bank announced to cut the overnight call rate target to 0-0.1% and create a 5T Yen [...]

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Bursa Malaysia Flat, Petonas IPO

Shayne Heffernan — Fri, 08 Oct 2010 18:42:53 +0000

In Kuala Lumpur the Bursa Malaysia ended flat at 1481.41 points on Friday. The Finance Index fell 0.01 percent to 13497.63 points, the Properties Index climbed 0.66 percent to 946.72 points and the Plantation Index rose 0.13 percent to 6920.71 points. The market traded within a range of 5.17 points between an intra-day high of [...]

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BP on track to develop Azerbaijan Gas Field

Shayne Heffernan — Thu, 07 Oct 2010 02:56:38 +0000

Bob Dudley, the new Boss of BP (NYSE:BP), is set to sign a deal to develop a huge Nat Gas field in Azerbaijan, underscoring the country’s importance to the UK energy group as it tries to recover from its spill in the Gulf of Mexico. Mr. Dudley, who took the helm of the Giant Crude [...]

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GE focused on Energy and Finance

Shayne Heffernan — Wed, 06 Oct 2010 17:15:14 +0000

Ebeling Heffernan Strong Buy General Electric Co (NYSE:GE) made a 2 major acquisitions this week and said it was spurned in a third attempt, as the largest U.S. conglomerate builds up its energy and finance arms. The moves come at a time when top GE officials have said the company could have up to $30 [...]

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