27/07/2010

BP Chief Executive

BP Chief Executive Tony Hayward will step down as chief executive , the
company announced Tuesday, amid ongoing outrage over the oil spill in the
Gulf of Mexico.
BP said Hayward will be replaced by American Robert Dudley effective Oct 1.
Like Hayward, Dudley is a long-time BP employee with more than 30 years in
the oil business. A chemical engineer by training, Dudley was put in charge
of the day-to-day leadership of the Gulf Coast clean-up operation in June.


‘Bob' started is carrer in Amoco in 1979 then going to BP in 1998, in both
cases his function was superviser exploration activites in Russia, however
he had to leave rather abruptly after being acused by the soviet
authoraties of spying.According to BP his biggest advantage is the fact he
grew up in the state of Mississipi were part of the spill acurred.
BP said Hayward will receive a year's salary amounting to $1.6 million but
further details of his severance package were not disclosed.
According to BP's most recent annual report, Hayward amassed a pension
worth nearly $17 million in his 28 years of service, which is expected to
be doled out in annual payments of more than $900,000.


The company also plans to nominate him as a non-executive director of
Russian oil and gas venture TNK-BP.There are also plans for Tony Hayward to
be nominated for a executive director position in ExxonMobil Europe Operations
based in London.


The announcement of the change in leadership came as BP reported a
second-quarter net loss of $17.2 billion. The heavy loss was due to a $32.2
billion charge the company took related to the oil disaster.
With Dudley based in London, the overseeing of the clean-up effort will be
headed by BP America President Lamar McKay.The company has already committed $20 billion to compensate individuals and
businesses affected by the spill. But it still could face billions more in
fines and legal costs associated with the explosion.

12/07/2010

Hostile takeover of BP.

The final consumer price for petrol (gasoline) for the motorist in one ofEurope’s oldest economies, Portugal continues to defy all reasonablelogic...Speculation is the method most used by oil companies such as Galp, BP,Repsol and Cepsa, also involved are the government and some local media, acartel of price fixing is used to place the final consumer price the sameall over the country.However there may be a change in the major players in the crude industry,BP is having an immensely challenging period to regain competitiveness internally and externally, they have now spent billions with the US spill, growth will remain subdued for some time, to be sure, BP weakness willbenefit other crude producers as is now the case ...ExxonMobil and Chevron have requested the U.S. government's clearance tomake a bid for BP worth about $150 billion, it was also reported that BP is looking to sell its stake in the United States' largest oil field, the Prudhoe Bay project in Alaska, to boost its clean up fund for the oil spill in the Gulf of Mexico.

07/07/2010

Volatility and Stocks

List of stocks whose Volatility has been increasing over the last 3 days based on the trading range between high and low prices .

VZ - Verizon Comm
AMAT - Applied Materials
BRCM - Broadcom Corporation
HD - HOME DEPOT INC
MAS - Masco Corporation
BK - Bank Ny Mellon
CBG - CB RICHARD ELLIS GR
LOW - LOWES COMPANIES INC
NEM - NEWMONT MINING CORP
LLY - LILLY ELI & CO
GPS - GAP INC
DD - DUPONT
CHRW - C.H. Robinson World
CRUS - Cirrus Logic, Inc.
WYN - Wyndham Worldwide WI
MT - Arcelormittal
FDO - FAMILY DOLLAR STORE
UNH - UNITEDHEALTH GROUP INC
SBUX - Starbucks Corporation
M - FEDERATED DEPARTMENT
APL - Atlas Pipeline Part.
HOLX - Hologic, Inc.
LCC - US AIRWAYS GROUP INC
KIM - KIMCO REALTY CORP MD
EP - EL PASO CORP
PPL - PPL CORPORATION
CEPH - Cephalon, Inc.
BBY - BEST BUY CO INC
WLP - Wellpoint Inc
IDTI - Integrated Device T
PNC - PNC Financial Services
PCX - Patriot Coal Corp
KGC - KINROSS GOLD CORP
MDT - MEDTRONIC INC
WMB - WILLIAMS COS INC
SWKS - SKYWORKS SOLUTNS
MYL - Mylan Inc
CMS - C M S ENERGY CORP
DPS - DR Pepper Snapple G
PHM - Pultegroup Inc
STR - QUESTAR CORP
DAL - Delta Airlines
HSP - HOSPIRA INC
COV - Covidien Plc
SU - SUNCOR ENERGY INC
AFFX - Affymetrix, Inc.
AMGN - Amgen Inc.
CCE - COCA COLA ENTERPRISES
GPN - GLOBAL PAYMENTS INC
SVU - SUPERVALU INC
ILMN - Illumina, Inc.
JCP - PENNEY J C CO INC
PEP - PEPSICO INC
XL - Xl Group Plc
PDE - PRIDE INTL INC
RDN - RADIAN GROUP INC
ARW - ARROW ELECTRONICS INC
CI - C I G N A CORP
PIR - Pier 1 Imports Inc
LPX - LOUISIANA PACIFIC CORP
TJX - TJX COMPANIES INC
AUO - AU OPTRONICS CORP
BX - Blackstone Group LP
AMLN - Amylin Pharmaceutical
AES - A E S CORP
PCAR - PACCAR Inc
JEC - JACOBS ENGR GROUP INC
ING - Ing Groep NV ADR
FTO - FRONTIER OIL CORP
ARO - AEROPOSTALE INC
DNDN - Dendreon Corporation
K - KELLOGG CO
CAL - CONTINENTAL AIRLINES
LM - LEGG MASON INC
WM - WASTE MANAGEMENT INC
DNR - DENBURY RESOURCES INC
AVY - AVERY DENNISON CORP
SPG - SIMON PROPERTY GROUP
WBSN - Websense, Inc.
JBL - JABIL CIRCUIT INC
AEE - AMEREN CORP
IACI - IAC InterActiveCorp
CREE - Cree, Inc.
SKS - SAKS INC
AONE - A123 Systems Inc
SLAB - Silicon Laboratories
AMT - AMERICAN TOWER CORP
BPO - BROOKFIELD PROPERTIES
URI - UNITED RENTALS INC
TE - TECO ENERGY INC
KMB - KIMBERLY CLARK CORP
XRAY - DENTSPLY International
RMBS - Rambus, Inc.
SFD - SMITHFIELD FOODS IN.
WSM - WILLIAMS SONOMA INC
SWC - Stillwater Mining Co
TIN - TEMPLE INLAND INC
CE - CELANESE CORPORATION
CSE - CAPITALSOURCE INC
CIT - CIT GROUP INC
AGCO - A G C O CORP
WAT - WATERS CORP
PXD - PIONEER NATURAL RES CO
HGSI - Human Genome Sciences
ARM - ARVINMERITOR INC
MBT - MOBIL TELESYSTEMS
AVT - AVNET INC
BYD - BOYD GAMING CORP
NIHD - NII Holdings Inc
LBTYA - Liberty Global Inc
JWN - NORDSTROM INC
VPHM - ViroPharma Incorporation
AIV - Apartment Investments
LMT - LOCKHEED MARTIN CORP
TIVO - TiVo Inc.
JLL - JONES LANG LASALLE INC
VAR - Varian Medical Systems
CPB - CAMPBELL SOUP CO
IMAX - Imax Corporation
SNE - SONY CORP
ANF - ABERCROMBIE & FITCH CO
ALB - ALBEMARLE CORP
JDAS - JDA Software Group
JOYG - Joy Global Inc
PNW - PINNACLE WEST CAP CORP
ODFL - Old Dominion Freigh
RYL - RYLAND GROUP INC
RRD - Donnelley (RR) & Sons
PCP - PRECISION CASTPARTS
WRB - WR Berkley Corp
BMS - BEMIS CO INC
AHD - ATLAS PIPELNE HLDING
CLNE - Clean Energy Fuels
TLB - TALBOTS INC
QGEN - Qiagen N.V.
VNO - VORNADO REALTY TRUST
RL - POLO RALPH LAUREN CORP
WRI - WEINGARTEN REALTY INVS
LPL - LG Display Co
CMC - COMMERCIAL METALS CO
LEG - LEGGETT & PLATT INC
MJN - Mead Johnson Nutrition
GNA - GERDAU AMERISTEEL CP
KMT - KENNAMETAL INC
ONXX - ONYX Pharmaceutical
AXS - AXIS CAPITAL HLDGS LTD
KNX - Knight Transportation
NGD - DRC RESOURCES CP
SOLR - GT Solar International
DTG - DOLLAR THRIFTY AUTO
PRGO - Perrigo Company
BIG - Big Lots Inc
BRE - B R E PROPERTIES IN
RS - RELIANCE STEEL & AL
EQIX - Equinix, Inc.
HTS - Hatteras Financial
TAP - ADOLPH COORS CO
SOHU - Sohu.com Inc.
CRDN - Ceradyne, Inc.
NVE - SIERRA PACIFIC RESOURCES
NTRS - Northern Trust Corp.
ROVI - Macrovision Corporation
ELNK - EarthLink, Inc.
ESI - I T T EDUCATIONAL SVCS
ICLR - ICON plc
TWI - TITAN INTL INC
CVE - Cenovus Energy Inc
DKS - DICKS SPORTING
PSYS - Psychiatric Solutions
PWE - PENN WEST ENERGY TRU
PSS - Collective brands
SDRL - SEADRILL LTD
TCO - TAUBMAN CENTERS INC
ZRAN - Zoran Corporation
AMG - AFFILIATED MNGRS GR
HRC - Hil-Rom Holdings
XTXI - CROSSTEX ENERGY INC
BID - SOTHEBYS HOLDINGS IN C
ENR - ENERGIZER HOLDINGS INC
SGEN - Seattle Genetics
RBCN - Rubicon Technology Inc
RCII - Rent-A-Center Inc.
CLX - CLOROX CO
THOR - Thoratec Laboratories
BGC - General Cable Corp
ENH - Endurance Specialty
FMC - F M C CORP
ARG - AIRGAS INC
CIB - BANCOLOMBIA S A
CPO - CORN PRODUCTS INTL INC
BECN - BEACON ROOFING SUPP
CETV - Central European Me
SJM - Smucker JM Co
NAV - NAVISTAR INTL CORP
VQ - Venoco Inc
VOLC - VOLCANO CORPORATION
FINL - Finish Line, Inc.
LAZ - LAZARD LTD
AHL - ASPEN INSURANCE HLD
MEND - MICRUS ENDOVASCULAR
OKE - ONEOK INC
HA - Hawaiian Holding
ATHN - athenahealth Inc
CNC - Centene Corporation
WCRX - Wrner Chil Plc A
LII - Lennox International
GIB - CGI GROUP INC
SMOD - SMART MODULAR TEC
PBY - PEP BOYS MANNY MOE
LULU - lululemon athletical
SLF - Sun Life Fincl Inc
RCI - ROGERS COMMUNICATIONS
AAP - ADVANCE AUTO PARTS INC
TRI - THOMSON CORP
DDS - DILLARDS INC CL A
PAAS - Pan American Silver
MASI - Masimo Corp

01/07/2010

One of the most expensive in the World...

The final consumer price for petrol (gasoline) for the motorist in one of Europe’s oldest economies, Portugal continues to defy all reasonable logic as Prices continue to go up.
Speculation is the method most used by oil companies such as Galp, BP, Repsol and Cepsa, also involved are the government and some local media, a cartel of price fixing is used to place the final consumer price the same all over the country.
The litre of petrol is at its highest in the last 18 months, this year alone prices have increased 12%.
Regular 95 Octane in January 2010 was 1,295 Euros per litre, six months later the same litre has an inflated price of 1,495 Euros.
This means that the motorist needs more 5, 05 Euros to fill a 50 litre tank...
The last time prices were so inflated was in October 2008.when crude prices reached the $146 per barrel....
These ridiculous prices affect all sectors of the crippled economy as there is a direct influence in company budgets as well as the average motorist who has less and less money ..
According to World Watch decline in demand this year is expected to fall 16%...

Oil shale crude In the middle of all this market crises..some "Did you know".. Oil shale crude is actually composed of kero...