GLG News in Energy & Industrials

Tradewinds quoted Fearnley Fonds as suggesting that EGL is already in breach of its debt covenants due to falling asset values and that dividend cuts will be necessary.  While dividend cuts are inevitable, true asset values are higher than suggested.

Green initiatives when integrated with traditional continuous program programs work in many industries.   Many corporate giants and governments leaders are doing it right!

East coast retail grocer, Wegmans Food Markets is dropping prices in response to the current downturn.  What is troubling is the impact on their supply chain and downstream suppliers?   

Lloyd’s List published on November 6, a report by Keith Wallis in Dalian, China and Mike Grinter in Hong Kong detailing the existing surplus of liquefied natural gas (LNG) carriers. Of 300 hundred existing LNG carriers now in the worldwide fleet, only 240 are required. Making matters worse will be the delivery of 56 more this year and 46 in 2009. Mitsui OSK Lines (MOL) executive advisor Tokinao Hojo...

Jan Mouawad in New York reported in the November 7 issue of the International Herald Tribune that the International Energy Agency warned that the world’s energy system would require large investments. Growing demand and global warming were urgent issues. Two forces strain the system. Growing energy consumption was one. At the same time the world’s climate was threatened by carbon emissions. The trends...

Rigzone Newsletter reported on November 7 that Baker Hughes INTEQ Division had introduced a new high speed telemetric service. The technology can be applied to mud pulse or wired pipe operations. The service, trade named aXcelerate, will be a game changer according to Paul Butero, president of INTEQ. With aXcelerate, clients obtain a real-time high-speed data transmission that gives a more comprehensive...

    Growing a few species "supercrops" as an improvement the wider diversity of current species opens up a worse scenario of one species of bacteria, weeds, insect, mold, fungus, etc being able to lay waste to vast regions of land that grow this crop and the rapid transport of eggs, seeds, spores, etc. due to globalization. It might be more advisable to stick to megadoses of vitamins...

    China's exporters are now receiving subsidies and VAT rebates again, this may stabilize price fluctuations.  Also, raw material/fossil producers have begun cutting back on production in an attempt to stabilize prices. Additionally, the credit crunch makes credit harder to come by and much more expensive both in loan rates and in hard assets being put up front for collateral. ...

Three years ago a former Chairman of an American OEM automotive company told me  that the problem with GM, Ford, and Chrysler was that they all believed originally that the Japanese would never learn how to make cars that Americans would buy, and, then, after that turned out to be false they simply decided that there was nothing to be learned from the Japanese who must have been successful, they...

The backbone of American manufacturing is made up of profitable, high-productivity companies in a variety of industries, which create or find a way to manufacture the latest and most relevant technologies for our health, safety, workplace productivity, or leisure. The backbone consists also of those companies whose workers income is directly related to their productivity and directly related to their...