Thursday, September 30, 2010

DailyMarkets.com - Petrobras To Perform In Line

DailyMarkets.com - Petrobras To Perform In Line

Petrobras To Perform In Line

Posted: 30 Sep 2010 09:35 AM PDT

We are maintaining our Neutral recommendation on Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) ADRs with a target price of $38.
 
We believe that continued demand growth in Brazil (expected to outperform developed countries in the next few years), together with all the new investments and acquisitions, will fuel Petrobras' medium-term earnings outlook. Additionally, we expect the company to benefit from its expertise in deep-water operations, its huge recent discoveries (that could … [visit site to read more]

Deepwater Drill Ban May Lift Sooner

Posted: 30 Sep 2010 09:35 AM PDT

While it is well known to the oil industry that the ongoing drilling moratorium will continue through the end of this November, the Obama administration may lift it a little earlier. The Interior Department is set to release new regulations/guidelines for deepwater drilling anytime soon.
 
The government said that it is necessary to introduce the new regulations before the temporary drill ban is lifted. While the ban was meant for deepwater exploration for more than 500 feet, shallow … [visit site to read more]

Ventas To Develop Louisiana MOB

Posted: 30 Sep 2010 09:35 AM PDT

Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust ("REIT"), has recently announced that its wholly owned subsidiary Lillibridge Healthcare Services Inc. would develop a 250,000 square foot medical office building ("MOB") in Baton Rouge, Louisiana. The facility would be built on the campus of the new $350 million Woman's Hospital and is expected to cost approximately $40 million.
 
The new MOB would be physically connected to Woman's Hospital and would … [visit site to read more]

Ameren Going Green

Posted: 30 Sep 2010 09:35 AM PDT

Ameren Corporation's (NYSE:AEE) merchant generation subsidiary – Ameren Energy Resources Company, LLC has signed a cooperative agreement with the U.S. Department of Energy (DOE) to repower an oil-fired unit located at its Meredosia Power Plant near Jacksonville, Illinois.  This would transform the unit as the world’s first, full-scale, oxy-combustion coal-fired plant designed for permanent carbon dioxide (CO2) capture and storage.
The project is part of the initiative known as FutureGen … [visit site to read more]

Investor Sentiment And Subsequent Returns

Posted: 30 Sep 2010 08:59 AM PDT

I found this post on SeekingAlpha and I liked it a lot. In fact I have considered using bullish sentiment as a valuation metric in my monthly valuation articles.
The author Seeking Delta of http://seekingdelta.wordpress.com/ was nice enough to grant me permission to reprint the article here.
A recent post by The Pragmatic Capitalist on the topic of investor sentiment has me curious regarding the correlation between sentiment and subsequent returns of the S&P 500 index. Last weeks' … [visit site to read more]

2Q GDP Revised Slightly Higher

Posted: 30 Sep 2010 08:35 AM PDT

GDP growth in the second quarter was revised up to 1.7% from a second read of 1.6% but still down from the preliminary reading of 2.4%. This post is essentially a re-post of my analysis of the second reading.

The current estimates are in bold, and the previous two estimates are inside the parenthesis, with the second estimate in italics, and the first look at the numbers in regular type. This will allow you to see just where the changes have come from in the revision, as well as how the second … [visit site to read more]

Strong KC-390 Orders For Embraer

Posted: 30 Sep 2010 08:35 AM PDT

The largest Brazilian aircraft manufacturer, Empresa Brasileira de Aeronautica S.A. (NYSE:ERJ) – Embraer, focuses on defense aircraft. The company recently formed an agreement with the Portuguese Defense Minister to deliver six KC-390 military transport jets for the latter's air force and with the Czech government to deliver two KC-390 aircraft.
 
In August, Embraer signed an agreement with Chile’s National Aeronautical Enterprise (Empresa Nacional de Aeronautica – ENAER) to deliver … [visit site to read more]

Stock Market News Briefs: Colgate-Palmolive Company, Goldman Sachs Group, Johnson & Johnson, Yahoo!

Posted: 30 Sep 2010 08:15 AM PDT

 Goldman Sachs (NYSE:GS) cut price targets on Colgate-Palmolive (NYSE:CL) from $86 to $81, while maintaining a “neutral” rating on the shares. 

 US Lawmakers will take Johnson & Johnson’s (NYSE:JNJ) CEO to task today over their recall of faulty medicines. 

 Yahoo (NASDAQ:YHOO) has joined companies announcing executive-level shuffling, as three executives are reportedly leaving the … [visit site to read more]

GM To Invest In Baltimore Plant

Posted: 30 Sep 2010 08:15 AM PDT

General Motors (MTLQQ) a.k.a GM has announced its plan to invest $23.5 million in its Baltimore Transmission Plant in order to boost its electric vehicle components. This comes on top of the automaker's announcement in January to invest $246 million at the Baltimore site to build electric motors for hybrids.
 
The $246 million investment in the site was attributable to GM's decision to manufacture the electric motors in-house at lower costs rather than purchasing them from suppliers. … [visit site to read more]

EQT’s Marcellus Well Updates

Posted: 30 Sep 2010 08:15 AM PDT

Pittsburgh-based EQT Corporation (NYSE:EQT), an integrated energy company focused on natural gas supply in Appalachia, yesterday disclosed results of its two Marcellus shale wells.
 
In Greene County, the Cooper 590384 well produced at a rate of 22 million cubic feet equivalent per day (MMcfe/d) for an average 30-day period. The well, with 8,411 feet of stimulated pay, was completed by means of a 28-stage frac. Cooper 590384 cost approximately $7.1 million and has an estimated reserve of 18 … [visit site to read more]
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