Latest Update on Fertilizer Price Movements

In the week ending November 17, most of the agricultural fertilizer stocks ended in negative territory. Intrepid Potash emerged as the biggest loser.

What Drove Whiting Petroleum Stock Lower Last Week

Whiting Petroleum (WLL) stock fell ~11% in the week ended November 17. The stock seems to have seen extended losses from the week before, when it finalized a one-for-four reverse stock split.

India's Gold Imports Have Fallen: What's Going On?

For India, gold imports have fallen 16% in value to ~$2.9 billion in October 2017 compared to $3.5 billion in the corresponding month last year.

Foot Locker Is Back: Tops 3Q17 Expectations

Foot Locker (FL) reported its 3Q17 results on November 17, 2017. The results relate to the three-month period ending on October 28, 2017.


EM Flows
Emerging market investors selective of ETFs

Fund flows into emerging markets increased in January, though investors avoided the usual emerging markets ETFs. Flows are important since they offer a different dimension to the sentiment over a…

2013.02.06 - 10 YR TSY ST
Continued move up in interest rates could be negative for MLPs

Master limited partnerships (MLPs) can be sensitive to rate movements, as many investors view MLPs as a yield instrument. To think of it simply, if rates on US government Treasurys…

2013.02.06 - Permian Rig Counts
Growth in Permian oil production boon for some midstream players

Drilling activity in the Permian Basin in West Texas has rapidly increased over the past several years creating opportunities for certain midstream players.

2013.02.06 - WTI Brent Spread
Domestic producers hurt by continued widening of WTI-Brent spread

The WTI-Brent spread moved wider on the week, continuing the prior week’s trend.

2013.02.04 - Propane Prices
Propane up on the week, negative for propane distributors

Propane distributors such as AmeriGas Partners (APU), Ferrellgas Partners (FGP), and Suburban Propane Partners (SPH) can see reduced demand from their customers when propane prices rise. This is because propane…

2013.02.04 - Nat Gas HDD
Last week’s warmer weather negative for natural gas producers

Natural gas prices are especially affected during the winter as many households use natural gas for home heating. Warmer weather translates into less natural gas demand and therefore lower prices.

Loan Default Rates
Loan default rates creeping back up means rally will be over soon

Loan default rates keep climbing back towards levels we haven’t seen for the past two years. Default rate is a key metric of credit risk, which is defined as the…

LL ETF std devs
Leveraged loan ETFs are riskier than loan market

ETFs tracking the leveraged loan market may be riskier than the market they track. Risk is a key metric for investors since risk tolerance affects an individual’s investment style and choices.…

LL ETF std devs
Loan ETFs track loan market poorly

Popular leveraged loan ETFs have low correlations with the overall market and returns vary wildly versus the loan market.

Ammonia Margins by Region
Lower US natural gas prices boost domestic profits

Fertilizer manufacturers often compete on costs. As such, it is helpful for analysts and investors to seek out regions where natural gas, a main component of nitrogen-based fertilizers, prices are…

Ammonia Prices and Brent Oil
Brent crude oil moves nitrogenous fertilizer prices

Brent crude oil price is a leading indicator for nitrogenous fertilizer firms’ revenues. When the price of Brent oil rises, it is generally followed by a rise in ammonia prices…

Baker Hughes Rig Count
Enhanced fracking tech drives Schlumberger's pre-tax operating income up 12%

In the energy services industry, technological change can be volatile for earnings and free cash flow. Schlumberger (SLB), one of the industry’s largest players, is depending on their enhanced technology,…

2013.02.04 - Frac Spread
Commodity price movements last week a positive for gas processing MLPs

Last week’s movement in NGL and natural gas prices was a positive for natural gas processors.

Global Share 02.01.2013
Why Asia-Pacific is so important to AAPL, RIMM, and NOK

While we have looked at the average mobile subscribers per 100 in population globally in our article Macro demographics just as important as new product introduction, a more striking statistic…

China PMI
China's PMI falls, but survey size was changed

China’s manufacturing activity is a key driver for shipping companies. The country’s trade volume drives the bulk of the global shipping industry that engages in the transportation of resources such…

Ratings ratio
Loan rally is threatened by increased pace of downgrades

The ratio of rating downgrades to upgrades for leveraged loans increased significantly through the second half of 2012. The leveraged loan market, which consists of corporate loans paying interest rates…

2013.02.04 - EIA Brent Estimate
EIA expects Brent crude to fall next year, but outlook still constructive

A US government agency called the Energy Information Administration (EIA) believes that for 2014 compared to 2013, Brent crude oil prices will fall while WTI prices will rise slightly.

2013.02.04 - Nat Gas Rig Count
Counterintuitive trend punishing natural gas companies

Baker Hughes, an oil services company, reported that rigs targeting natural gas fell from 434 to 428 for the week ending February 1. As seen in the chart below, last…

2013.02.04 - Change in Distributions
Distributions so far are strong signal for MLPs and earnings

MLP distributions announced so far in 2013 show positive growth.

2013.02.04 - US Nat Gas Inventories
Natural gas inventories fell less than expected, bearish indicator for nat gas stocks & ETFs

Smaller than expected reduction in natural gas inventories is bearish indicator for natural gas producers and certain energy ETFs.


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