Energy & Industrials News by GLG Council Members

Per a 12/1/08, Market Watch news release, November Manufacturing ISM Report On Business(R), Beverage Inventories (manufacturing & retail inventories) have increased.  This same ISM release reports a decreased in pricing power during the same reporting period.  Increased inventories require immediate action!

More than just attention to YRC size, unionization, cost or wage cuts are needed for their survival.  Long term YRC's biggest challenges going forward are adjusting to shrinking marketplace LTL lengths of haul (lower revenue yields) and shrinking overall available marketplace LTL tonnage (USA no longer a manufacturing growth place) in the face of leaner, more focused competition and more astute...

Using debt to grow the company through acquisition of Roadway Express and the regional USF carrier lines might have looked like a smart play to Bill Zollars in 2003 and 2005.  Now the debt is crushing his company.  But using the current economy as the "cause" is letting poor leadership off the hook.  It has been 5 years since the Yellow / Roadway merger and only now are the needed major...

Despite the 50%+ falls in the prices of copper, nickel, zinc, lead, Pgms, and Aluminium since early 2008, most metal prices are only just now reaching the average cash cost of industry production. After the 9/11 event, demand destruction in the Western Economies was some 10% within 2 months and commodity prices fell, in most cases, below 90% of all producers cash costs. Since the third quarter...

Oil & Gas Equipment Manufacturing & Services Opportunities NBD strives to enhance private sector participation in expanding the Kingdom's economy by:  Increasing the range and quality of goods available in the local market by facilitating the growth of new and existing in-Kingdom manufacturers in the oil and gas industry through local and/or international investment. Increasing the range...

In what seems to be a rapidly evolving chaos across the US industry, with the (pending) auto bailout setting precedence for more companies joining the generation of beggars in Armani suits, the solar energy industry seems to be joining the motley crew. Is this a healthy trend for America as the symbol of free market economy?

While Mr. Sprott makes a reasonable case for economic stimulus to be accomplished via commodity purchases by governments, it is not the means by which the current global crisis can be resolved nor should it. Commodity purchases could help in the short term but the root of the current crisis is not based in this sector. The real problems rest within the financial sectors of the world economy and...

Gene Kliewer, Technology Editor, Subsea & Seismic reported in Offshore Magazine on December 3 on an address at the opening ceremony of the Deep Offshore Technology Asia/Pacific. The speaker John Smith, CEO of Clough, asked whether deep offshore operations were feasible from a market rather than a technological viewpoint. He concluded that the future of deepwater upstream oil and gas operations...

News article in San Francisco Business Times dated 3rd December 2008 reports that the Solar Energy Industries Association, made an appeal to the federal government to bail out the sagging solar power industry with further doles. The association was of the view that the 30 percent solar investment tax credit passed on the 3rd Dec was just not doable by companies as there was hardly any appetite for...

  YRC Worldwide, which has suffered losses in four of its last five reporting quarters and seen its stock fall in value by more than 85 percent this year, is asking its 40,000 Teamsters to vote on a proposal to take a 10 percent wage cut in order to save the company an estimated $200 million annually.   In addition, rival carrier ABF Freight System, a unit of Arkansas Best Corp., will similarly...