In regards to US refiners still being priced for good times, in my view as per EV/Capacity analysis. If you have a bullish near term view on their industry, think we're going back to 2006-2007, then fine. The point I...
Unless something odd happens, this week is likely to see an interesting but under-announced milestone: falls in house prices, in real terms, from their 2007 peak, exceeding 30 per cent (on the well-known Halifax measure). In cash te... Read Post
Our take on today's news and analysis: Mahaney defends Kindle EPS estimate, tries to address our concerns: "eBook $9.99 Price Point Is Likely A Loss Leader For AMZN BUT... — Given current industry economics where the eBook cost to a... Read Post
Saudi Arabia's Prince Turki Al Faisal Al Saud has thrown cold water on forecasts for an oil price superspike, speaking to energy industry peers at Rice University. His nation has the capacity to handle surging demand from both China... Read Post