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AES Corp. Extends Repurchase Prog - Analyst Blog
Monday, January 3, 2011 - 10:30am | 717AES Corporation (AES) extended its ongoing stock repurchase program into fiscal 2011. The stock repurchase program of up to $500 million of AES common stock was introduced on July 7, 2010, and was set to expire on December 31, 2010. At the end of the third quarter of 2010, the company had $485...
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Citigroup Initiates A Low-Risk/Buy Rating On Westar Energy
Monday, January 3, 2011 - 9:55am | 126Citigroup has published a research report on Westar Energy (NYSE: WR) and has initiated coverage on the company with a Buy rating. In the report, Citigroup writes "Following a past acrimonious relationship with the Kansas Commission and a sub-par rate case outcome back in 2005, Westar has...
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Citigroup Initiates A Low-Risk/Buy Rating On Westar Energy
Monday, January 3, 2011 - 9:53am | 126Citigroup has published a research report on Westar Energy (NYSE: WR) and has initiated coverage on the company with a Buy rating. In the report, Citigroup writes "Following a past acrimonious relationship with the Kansas Commission and a sub-par rate case outcome back in 2005, Westar has...
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Citigroup Initiates A Low-Risk/Buy Rating On Westar Energy
Monday, January 3, 2011 - 9:51am | 126Citigroup has published a research report on Westar Energy (NYSE: WR) and has initiated coverage on the company with a Buy rating. In the report, Citigroup writes "Following a past acrimonious relationship with the Kansas Commission and a sub-par rate case outcome back in 2005, Westar has...
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CEG to Sell 550 MW Gas Plant - Analyst Blog
Monday, January 3, 2011 - 9:45am | 562Constellation Energy Group Inc. (CEG) signed an agreement to sell its Quail Run natural gas plant of 550 MW in west Texas to High Plains Diversified Energy Corporation (HPDEC) for $185.3 million. High Plains Diversified Energy is a municipal utility formed by the West Texas Municipal Power Agency...
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Citigroup Initiates Westar Energy At Buy
Monday, January 3, 2011 - 9:13am | 24Citigroup has initiated coverage on Westar Energy (NYSE: WR) with a Buy rating and $27 price target.
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SAIL Announces Partnership with Xcel Energy
Monday, January 3, 2011 - 8:20am | 62SAIL Venture Partners announced that its portfolio company Xtreme Power Inc., provider of Dynamic Power Resources for utility-scale energy storage, and Xcel Energy (NYSE: XEL) have formed a partnership to install a 1 megawatt system to collect operational data on the integration of energy storage...
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TLT & SHY – ETFR's View
Friday, December 31, 2010 - 12:44pm | 426As I continue to assemble a TLT trading basket here's 2 more views of the TLT/SHY situation that may help readers appreciate the utility of the Z Score approach embedded in the PDQ Dashboard, the ETFR and Project Z, each of which uses a slightly different variation of the algorithm. Space and...
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Sempra Generation Completes Sale of Power Plant to Occidental Petroleum
Friday, December 31, 2010 - 12:08pm | 62Sempra Generation, a subsidiary of Sempra Energy (NYSE: SRE), today announced that it has completed the sale of its 50 percent interest in the Elk Hills Power generation facility to Occidental Petroleum Corporation, Inc. (NYSE: OXY) for a cash purchase price plus year-end cash distribution totaling...
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Fast Money Picks For December 31st (TGT, MS, EXC, BP)
Thursday, December 30, 2010 - 8:18pm | 201On CNBC's Fast Money, Patty Edwards recommended Target Corporation (NYSE: TGT) as a buy. Target Corporation (TGT) gained 0.10% today, and closed at $59.95. Brian Kelly likes Morgan Stanley (NYSE: MS). He explained that Morgan Stanley (MS) traded higher on the bad news, and that is a very bullish...
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BROOKFIELD ASST (BAM) - Profit Tracks
Thursday, December 30, 2010 - 1:33pm | 637Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Top Performing Industries For December 30 (MIPS, CPL, CVCO, SCKT)
Thursday, December 30, 2010 - 11:31am | 198At 10:30 am, the Dow lost 0.14% to 11,569.22, the broader Standard & Poor's 500 index moved down 0.13% to 1,258.20 and the NASDAQ composite index fell 0.10% to 2,664.24. The industries that are still afloat in the market today are: Semiconductor- Memory Chips: This industry jumped 1.00% by 10:...
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NiSource Results of Cash Tender Offer
Thursday, December 30, 2010 - 11:14am | 46NiSource Inc. (NYSE: NI) announced today the expiration and final results of the previously announced cash tender offer by its finance subsidiary, NiSource Finance Corp., to purchase up to $325 million aggregate principal amount of its outstanding 10.75% Notes due 2016.
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NiSource Announces Results Of Cash Tender Offer (NI)
Thursday, December 30, 2010 - 11:05am | 337NiSource Announces Expiration and Final Results of Cash Tender Offer NiSource Inc. (NYSE: NI) announced today the expiration and final results of the previously announced cash tender offer by its finance subsidiary, NiSource Finance Corp., to purchase up to $325million aggregate principal amount of...
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Company News for December 30, 2010 - Corporate Summary
Thursday, December 30, 2010 - 11:03am | 694• BHP Billiton (NYSE:BHP) plans to offer a price of $90 per share for Anadarko (NYSE:APC) • Lockheed Martin (NYSE:LMT) was awarded a Navy contract yesterday to build 10 warships known as Littoral Combat Ships, between now and 2015 worth up to $3.6 billion • Susquehanna increased its target price...