While cheap oil bites into the fortunes of crude production and refining, the oil storage business remains robust as energy players sock away plentiful crude to wait out the current multi-year trough until prices come back.
Oil futures declined below $70-a-barrel mark on Thursday which is the lowest level in 14 months on reports that higher inflation rate and rising unemployment rate will prompt the drivers across the globe to cut down on fuel usage.[More...]
Oil companies' stocks gained upward momentum, following the U.S. Energy Department's report showing decline in inventory in its weekly report.[More...]
Had one of the best weeks of the year as my contrarian magic portfolio was up 5.94% for the week. This was mainly due to earnings surprise by BBSI that caused the stock to soar about 40%. Below are the top 5 value investing stories for the week ended 8/1/08.
On Ben Graham and [...]
Talk about getting more than you bargained for…two hedge funds now control SemGroup Energy Partners LP (SGLP). (WSJ.com)
KKR’s “IPO” is anything but. (DealBook also Economist.com, Deal Journal)
Private equity firms keep finding out that the hedge fund biz is harder than it looks. (FT Alphaville also Epicurean Dealmaker)
Carl Icahn is now on the other side of [...]
This week Mr Gaskins got busy with 10 new issues to cover. As usual, he provides his analysis as well as proprietary grade and rank. For more details on the analysis please visit the website
http://www.gaskinsco.com/
This the following companies are covered:
Airvana (AIRV) an infrastructure company in the mobile broadband sector: Grade B-, Rank 9
Dice Holdings (DHX) the long popular technology and finance career website: B-, 8 Encore Banc (EBTX) a bank holding company out of Texas & Florida: C+, 7 hhgregg (HGG) an
online retailer of video/audio/appliances/etc: C+, 7
ImaRX Thera (IMRX) who produces therapies for blood clots: C, 6 Limco-Piedmont (LIMC) providing services in aerospace maintenance: C+, 6 MF Global Ltd. (MF) a broker of exchange-listed futures and options: C+, 8 Netezza (NZ) manufacturer of
data warehouse appliances: B-, 8
Orbitz Worldwide (OWW) a leading online travel search service: C+, 7
SemGroup , L.P. (SGLP) operating in crude oil midstream services: C+, 7
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