Global Upstream Oil & Gas M&A Reaches Just $18.5 Billion In Q1 2016
Analysis in Evaluate Energy’s new M&A report shows that Q1 2016 saw the lowest number of newly announced M&A deals in the global upstream oil and gas sector – 157, excluding licensing rounds – take place than at any time during the price downturn. The previous lowest number of deals was recorded a year earlier in Q1 […]
Verizon To Acquire 24.5% Stake In AwesomenessTV
Verizon (VZ) announced it has entered into an agreement to purchase an approximate 24.5% stake in AwesomenessTV. Upon completion of this transaction, the AwesomenessTV multi-platform media company will be valued at approximately $650M. DreamWorks Animation (DWA), which acquired AwesomenessTV in 2013, will remain the company’s majority stakeholder with an approximate 51% ownership of outstanding shares, while […]
Breadth Rolling Over
Yesterday did a lot of damage to the number of bullish stocks on the Twitter stream. It is causing breadth to roll over. This isn’t the action the bulls want to see. Keep an eye on this chart going forward. If the bullish count continues to fall quickly and the bearish count starts to rise, […]
USD/JPY: As Confusing As FX Market Ever Gets: 2 Takes On Positioning – SocGen
USD/JPY is free falling after already reaching the October 2014 lows. The pair has reached a low of 109.58 below the “line in the sand“. What’s next? The team at SocGen tries to explain: Here is their view, courtesy of eFXnews: On the first of February, just before the BOJ’s bungled attempt to ease monetary policy, the Bloomberg consensus […]
Treasury Bust Ahead?
The US Treasury (UST) Bubble is the mutha lard of the whole corrupted sistema. It is a coin clipping operation with output deflected or looted to the Crime Syndicate. Obviously the day has already past when incomes will suffice to pay both for essentials and interest payments. Then the whole Ponzi system will collapse by having become […]
Investing In The Canadian Stock Market With Success
Who would have thought a beaver could run faster than an eagle? You might want to say that it’s only one quarter and that the Canadian stock market has been beaten up nicely by the US stock market for the past… well I don’t remember since when, but let’s just say that you should never […]
E EIA Data – Big Drawdown In Crude Oil Supplies
EIA numbers are out this AM. Crude Oil supplies – DOWN -4.9 million barrels Gasoline inventories – UP + 1.4 million barrels Distillates inventories – UP + 1.8 million barrels HERE IS WHAT I AM LOOKING AT: DAILY PRODUCTION – DOWN 14,000 barrels per day. Production has now fallen 10 out of the last eleven […]
3 Mutual Funds To Buy On A Resurgent Chinese Economy
The Chinese economy has been at the root of the broader market malaise since the start of 2016. But, the world’s second largest economy showed signs of improvement in March. China’s factory indicators point to a pickup in the economy supported by greater stability in the yuan and a rise in its stock markets. Pressure […]
Crude Jumps After DOE Confirms Biggest Oil Inventory Draw Since January; Cushing, Gasoline, Distillates Rise
Following yesterday’s API data, which showed the biggest draw of 2016 with a 4.6 million reduction in oil inventories, everyone was keenly looking forward to today’s DOE data. Moments ago the DOE indeed confirmed the API data, reporting that in the past week oil inventories declined by 4.949MM, more than the API print, down from last […]
