U.S. District Judge Grants Preliminary Injunction Against the General Moratorium
June 22nd, 2010 at 9:15 pm by CB | No CommentsToday, in the case of Hornbeck Offshore Services, L.L.C et al. versus Kenneth Lee Salazar et al. Martin L. Feldman, a United States District Judge, granted a preliminary injunction against the general moratorium on deepwater drilling for oil in the Gulf of Mexico. According to Feldman’s ruling,... [Read more]
Tagged with: District Judge, Energy, Martin L. Feldman, Moratorium, Offshore Drilling, Oil, Politics, Transocean
Brief Transocean Follow Up
June 9th, 2010 at 5:57 am by CB | 2 CommentsRecently, Chain Bridge Investing has encountered several questions in relation to our previous research on Transocean and the offshore drilling industry (previously related posts include: An Analysis of Transocean’s Risk of Default, Is There an Overreaction in Offshore Drilling Companies?, and... [Read more]
Tagged with: Investment Style, Offshore Drilling, Oil, RIG, Transocean
An Analysis of Transocean’s Risk of Default
June 7th, 2010 at 4:18 pm by CB | No CommentsWith the threat of potential clean-up and legal liabilities resulting from the Deepwater Horizon incident, the market appears to believe that Transocean’s (or the “Company”) risk of default has increased. This market belief has been demonstrated through the recent increase in Transocean’s... [Read more]
Tagged with: Buy, Deepwater Horizon, Offshore Drilling, Oil, RIG, Risk of Default, Transocean
Is there an Overreaction in Offshore Drilling Companies?
June 6th, 2010 at 4:47 am by CB | No CommentsThe fallout from the Deepwater Horizon incident (the “Incident”) not only continues to decrease the market capitalizations of those companies involved, but also has triggered price declines of similar magnitude in offshore, oil-related, and gulf-related companies not directly involved in the incident. ... [Read more]
Tagged with: Atwood Oceanics, Deepwater, Diamond Offshore, Drilling units, Ensco, Gulf of Mexico, Hercules Offshore, Moratorium, Natural Gas, Noble Corporation, Offshore, Oil, Pride International, Rowan Companies, Seadrill, Seahawk Drilling, Transocean, Ultra-Deepwater
Analysis of Transocean (RIG) and its Backlog
May 27th, 2010 at 1:07 pm by CB | No CommentsSince the Deepwater Horizon incident in the Gulf of Mexico, Transocean Ltd. (“Transocean” or the “Company”), which owns the world’s largest offshore drilling fleet, has experienced nearly a 36% decline in its stock price. Such a decline appears to result, in large part, from increased uncertainty... [Read more]
Tagged with: Buy, Deepwater Horizon, Offshore Drilling, Oil, RIG, Transocean
Part 1: Introduction to the Independent Refiners Series
March 31st, 2010 at 8:42 am by CB | No CommentsWelcome to the Chain Bridge Investing: Independent Oil Refiners series. Through a series of posts during the next several weeks, we will continue to expand upon the various factors an investor should consider when evaluating any of the companies in this industry. Contrary to our company focused research,... [Read more]
Tagged with: Alon USA, Crack Spreads, Delek, Energy, Frontier, Holly, Independent Refiner, Light-Heavy Crude Differential, Maya, Oil, Refineries, Sunoco, Tesoro, Valero, West Texas Intermediate, Western Refining, WTI
Shell and Total Executives on Oil and its Price
January 30th, 2010 at 7:07 am by CB | No CommentsThe following two interviews revolve around oil and are with the chief executive officer of Royal Dutch Shell and the chairman of Total SA, two of the oil majors. The first interview was on CNBC and featured Peter Voser, the chief executive officer of Royal Dutch Shell. Regarding the reasons that oil’s... [Read more]
Tagged with: Economic Recovery, Non-Carbon Energy, Oil, Oil Demand, Oil Price, Oil Supply
Matt Simmons: Oil Industry Needs a Shock, Oil Supply is at Risk
January 24th, 2010 at 6:45 am by CB | No CommentsCB found an archived interview that King World News conducted with Matt Simmons, head and founder of Simmons & Company International, on November 13, 2009 regarding his thoughts on the current state of the oil industry. The full 23 minute interview can be accessed from the King World News Website. ... [Read more]
Tagged with: Algeria, Angola, Brazil, Car Demand, China, Colin Campbell, Commodity, Deep Water, Flow of Oil, IEA, India, International Energy Agency, Iran, Iraq, Libya, Majnoon, Matt Simmons, Mexico, North Sea, Oil Shortage, OPEC, Peak Oil, Petroleo Brasileiro, Rust, Saudi Arabia, Shell, Simmons & Company International, Total France, Transportation, Twilight in the Desert, Water Shortage, Zombie List
Demise of the U.S. Dollar and its Relationship with Oil
October 6th, 2009 at 9:33 pm by CB | No CommentsThe Demise of the Dollar, an interesting article from The Independent, states that meetings are being held between the Gulf Arabs, China, Brazil, Russia, Japan, and France to end the relationship between the U.S. dollar and oil. CB: For most of its history, oil has been linked to the dollar only... [Read more]
Tagged with: China, Gold, Gulf Arabs, Oil, U.S. Dollar
