GLG News by Quantitative Analysis Specialists

The recent Business Plan announced by Petrobras for 2008-2012 makes us speculate on the huge and diverse business opportunities in the energy sector in Brazil on one hand and wonder how the country intends to attract more foreign investment. We take a look at the biofuels subsector and Petrobras's role...

BN Americas reports today that Venezuela’s President Hugo Chavez has frozen plans to build the Gasoducto del Sur (an 8,000km - $20b gas pipeline that would bring natural gas from Venezuela to Argentina through Brazil and Uruguay) but that he is still negotiating a bilateral agreement to sell natural...

Following a previous article we explain the reasons why in our opinion we believe tariffs in the energy sector will increase. Whilst most analysts think the crisis obeys mainly to a regulatory snag we do not believe the problem to be as simple as that. Introducing new regulations or even reformulating...

Argentina's current first lady is likely to win the presidential general elections to be held in October in her country. Will her political platform be any different from her husband's? Will she be able to bring the energy crisis to an end? In this article we look at the political implication faced...

However uninspiring Exxon Mobil’s recent market performance may have been compared to the previous one, one should not lose sight that this has been the fourth-largest quarterly profit ever recorded by a publicly traded U.S. company.

New changes to current policy preventing American companies to trade with Cuba are likely to occur for E&P companies. With future supplies being of great concern for the years ahead, we regard the move as a clever and practical way to help feed America’s demanding domestic needs. A somewhat...

The new pension accounting standard requires companies to book on their balance sheet the entire pension asset/liability. Typically, companies have higher liabilities and lower equity if pensions are underfunded. IBM has underfunded pension plans, but it adopted the standard by a decreasing equity...

1. The centralization of power and the moves to nationalize key economic sectors in Venezuela have not made Mr Chavez many new friends, however, the stir caused by his announcements declined in intensity when investors were recently reassured that the new plans did not involve the expropriation...

The company identified 2 accounting issues that were mishandled by the company.One is a misapplication of GAAP. The other is estimation error.These may indicate that the company's accounting, reporting and control systems may have problems, with future negative news to come.

Option-related restatements are indicative of control problems, as well as potentially managerial opportunistic behavior. While the option effect may be small, companies often find additional issues that need restatements or other corrective actions (management changes), resulting in further negative...