Charlie Peters
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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Latest Comments32 Comments
Study Shows Ethanol Energy Efficiency Is Growing
Some folks think so
Clean Air Performance Professionals
Oil Price Speculation Truth Begins to Leak into Mainstream Media
Some folks think so
Clean Air Performance Professionals
Vinod Khosla: Time to Get Practical on Energy Solutions
Some folks think so
Clean Air Performance
Professionals
Google: Charlie Peters ethanol
Ethanol Stock as Cheap as an Ear of Corn?
www.sfgate.com/cgi-bin...
Majority of Americans Support Ethanol
* * Lower price for food, gas, water, beer, cleaner air and funds for the budget from oil profit.
Majority of Americans Support Ethanol
www.sfgate.com/cgi-bin...
Majority of Americans Support Ethanol
Some folks think so
Inflation-Adjusted Gas Prices at Record Levels as China Raises Energy Prices
www.sfgate.com/cgi-bin...
www.latimes.com/news/s...
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
www.sfgate.com/cgi-bin...
Oil Will Peak at $150-200 - Barron's Interview
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Ethanol Is Oversold: Three Bounce Stocks - Barron's
www.sfgate.com/cgi-bin...
What's the Real Story With the Price of Crude Oil?
What was the cause of death of Alexander Farrell, 46, expert on alternative fuels?
www.sfgate.com/cgi-bin...
* Was Dr. Russell Long/REAP/Pavley 2002 CA tailpipe bill for corn fuel ethanol, Bill Jones’ Pacific Ethanol business?
* Clean Air Performance Professionals (CAPP) supports a Smog Check inspection & repair audit, gasoline ethanol fuel cap and elimination of dual fuel CAFÉ credit to cut car impact over 50% in 1 year.
* Some folks believe ethanol in gasoline increases oil use and oil profit
* Ethanol uses lots of water
* A Smog Check audit would cut toxic car impact in ½ in 1 year. Chief Sherry Mehl, CA/DCA/BAR, has never found out if what is broken on a Smog Check failed car gets fixed.
* An ethanol waiver would stop a $1 billion California oil refinery welfare program coming from the federal government @ $0.51 per gallon of ethanol used
* About 60,000 barrels per day of the oil used by cars is allowed by the "renewable fuel" CAFE credit
* Clean Air Performance Professionals
Don't Bet the Farm on the Ethanol Bull - Barron's
* Lower price for food, gas, water, beer, cleaner air… and… funds for the budget from oil profit.
The Shocking Reality of High Gas Prices
The Shocking Reality of High Gas Prices
* Lower price for food, gas, water, beer, cleaner air… and… funds for the budget from oil profit
* What was the cause of death of Alexander Farrell, 46, expert on alternative fuels?
www.sfgate.com/cgi-bin...
* Was Dr. Russell Long/REAP/Pavley 2002 CA tailpipe bill for corn fuel ethanol, Bill Jones’ Pacific Ethanol business?
* Clean Air Performance Professionals (CAPP) supports a Smog Check inspection & repair audit, gasoline ethanol fuel cap and elimination of dual fuel CAFÉ credit to cut car impact over 50% in 1 year.
* Some folks believe ethanol in gasoline increases oil use and oil profit
* Ethanol uses lots of water
* A Smog Check audit would cut toxic car impact in ½ in 1 year. Chief Sherry Mehl, CA/DCA/BAR, has never found out if what is broken on a Smog Check failed car gets fixed.
* An ethanol waiver would stop a $1 billion California oil refinery welfare program coming from the federal government @ $0.51 per gallon of ethanol used
* About 60,000 barrels per day of the oil used by cars is allowed by the "renewable fuel" CAFE credit
Clean Air Performance Professionals