“A simple comparison of the Brent crude price and WPL (see below) shows how impressive Woody’s rally has been from the lows.
October 8th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "Woodside Petroleum"
Big Difference Between Stark News in Job Market and Behaviour of Stock Market
There have been jobless recoveries from recession before. But you still have to wonder how there can be such a big difference between the stark news in the job market and the behaviour of the stock market. True, economists will tell you that jobs are the last thing to recover from a recession. Businesses don’t hire until they are sure everything is in the clear.
October 5th, 2009 | Dan Denning | 4 comments | Continued
A Deep-water Oil Find Off the Coast of West Africa
About twenty minutes later we found ourselves tucked away in Café Paradis reading about the latest deep-water oil find off the coast of West Africa. The positive drilling results in the Venus well off the coast of Sierra Leone are not far from the Jubilee field Ghana, which is Africa’s largest deep-water oil field. It could be, so the experts say, the next big off-shore oil bonanza.
September 18th, 2009 | Dan Denning | 3 comments | Continued
Buying Oil on Sale as U.S. Dollar Gets Weaker
Oil did move up overnight in the futures market to US$71.94. And locally, there was more positive news for energy and energy stocks. Bloomberg reports that, “LNG sales from Australia’s biggest resources project may reach A$300 billion over its first 20 years.”
September 11th, 2009 | Dan Denning | 2 comments | Continued
Apparently More Debt is Now Acceptable in Australia
He added that, “There is enormous concern in China about the US currency and the fact that there could be huge losses ahead for China if the American dollar falls…HSBC research shows that China does not face that risk in Australia. Global investors who want to invest in China can do so via Australia with far less risk.
August 20th, 2009 | Dan Denning | 7 comments | Continued
