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Jul 31, 2010

FGC BOLSA - FGC FINANCIAL MARKETS : Stocks in Focus Monday.- Humana, NRG, Verisign. jULY 31ST., 2010





INDUSTRY -  FINANCIAL SERVICES


 Stocks to Watch: Stocks in focus Monday: Humana, NRG, VeriSign
 
By MarketWatch


Among the companies whose shares are expected to see active trading in Monday's session are Humana Inc., NRG Energy Inc. and VeriSign Inc. 

NYT : FGC BOLSA - FGC FINANCIAL MARKETS ALERTS: July 31st. 2010

The New York Times

July 31, 2010

My Alerts 

 

Alert Name: FGC BOLSA - FGC FINA
July 31, 2010 

BUSINESS / GLOBAL BUSINESS

Market data is starting to provide an indication of whether the stress tests on the largest European banks had the desired effect on confidence.

 

Money Morning : Special Report.- The Truth About BP's New CEO


Special Report: New CEO Dudley Isn't the Long-Term Answer at BP, Expert Says
[Editor's Note: Frequent Money Morning contributor Dr. Kent Moors is an advisor to six of the world's Top 10 oil companies and a consultant to some of the world's largest oil-producing nations. Since his "Energy Advantage" advisory service went live on July 6, the portfolio, cumulatively, is up 56.9%. For more information on the service, please click here. Below, see what worries Dr. Moors about BP's latest plans, and new CEO.]

By William Patalon III, Executive Editor, Money Morning

When readers ask me how Dr. Kent Moors could be up nearly 60% on a portfolio that he only launched July 6, I don't give them an answer.

I tell them a story.

When the BP PLC (NYSE ADR: BP) CEO-replacement saga began to unfold earlier this week, and the Money Morning news team was working the story, I contacted Dr. Moors to ask him if he knew anything about anointed successor Robert Dudley.

With that response, Dr. Moors underscored, yet again, why he's the ultimate energy-sector insider: He doesn't just know about Dudley - he actually knows him.

In fact, Dr. Moors went on to give me an analysis of the new CEO's managerial style, including Dudley's strengths and weaknesses. Dr. Moors even went as far as highlighting the elements of Dudley's managerial proclivities - and the elements of BP's strategy - that pose the biggest risks to the Big Oil company's turnaround.

It's no surprise that Dr. Moors understands all this: He's worked as an advisor to BP before.

I've been a journalist for nearly 30 years, and before I moved into editing, was considered one of the top business reporters in the country. So I know a true industry insider when I see one.

In the few months since he's joined Money Morning's roster of global experts, I've talked with Dr. Moors enough to know that - in the global energy sector - he's the ultimate insider.

In fact, his latest insights on the BP situation - its new CEO, the status and likelihood of success of the so-called "relief wells," and even BP as an investment - were so good, that we decided to post my most recent interview with him in Money Morning, so that you can read it in its entirety.

William Patalon (Q): What was your reaction to BP's decision to oust CEO Tony Hayward and replace him with Robert Dudley, an American and an insider? A solid, strategic move? Window-dressing? A non-factor?

Dr. Kent Moors: A move was inevitable. Hayward had become a lightning rod. Short-term, replacement of the CEO allows for a "new renewal" approach. Largely a PR factor in that sense, but BP still makes its moves to embellish its image when in difficulty. Bob Dudley has senior level experience and has been awaiting something serious to do after being ousted as head of TNK-BP, BP's major Russian joint venture. Dudley managed to alienate the Russian partners to the extent that BP was in danger of losing its position in Russia if Dudley was not removed. BP saw TNK-BP as a way into Russian E&P (exploration and production) work, but did not want the venture to operate outside of Russia (where it would be a competitor to BP itself). The Russian partners, however, did.

Dudley is an interim appointment to appease the U.S. government. From a tactical standpoint, BP needed to make a move by July 27 - the day it made its quarterly financial report.

Q: Do you know Dudley? If so, what's your assessment of him as an executive? Is Dudley qualified? In your travels, have you crossed paths with him? Any thoughts, impressions, comments?

Dr. Moors: Yes, we met in Russia. He delegates excessively, [and is] not a particularly good administrator or executive on details. He is primarily a strategist. Has little field experience - he looks at matters with the view of a director, not a program manager. He sees the big picture, but is lost in the details. Problems, of course, arise from the details - not the overall strategic policy.

Q: What moves do you expect that he'll make once on board? Are they the moves that you would have him make were he asking you for advice?

Dr. Moors: BP will emerge as a smaller company. It will pick and choose upstream projects, and will emphasize the downstream refinery to retail distribution [part of the business]. Dudley will spend much of his time serving as the source of sound bytes on the liability issues emerging from the spill. That would have been his job anyway, had he not been elevated to the CEO slot. The company must fundamentally revise its strategic-risk-management plan. This is the third time I am making this suggestion. Since I was advising BP the last two times I made it, I doubt they will listen this time, either.

Dudley does not seek outside advice. Owing to his limited project experience - I am talking here about having to get your hands dirty in the actual operational elements - he tends to defer excessively to inside advice. That's a bad idea when you stop to consider that it was the "inside advice" that resulted in the current disaster.

Q: Does this "swap at the top" change your outlook on BP's shares? Why or why not?

Dr. Moors: Not in itself. The situation has to stabilize and a new BP structure has to emerge before the value of the stock itself can be correctly estimated.

Q: Does the move have other, ancillary effects on energy-sector stocks? If so, which sub-sector, or which stocks, and why?

Dr. Moors: Only to the extent that senior management has to be more adept at explaining organizational elements and serving as a conduit between company and the outside. The days of the audience of a major energy CEO being limited to his board of directors are drawing to a close.

Q: Given Dudley's reported better rapport with the U.S. government, what's the prognosis for offshore drilling in the U.S. Any better? Or is this a non-factor?

Dr. Moors: Dudley will be treated easier in upcoming committee hearings because he is the guy who replaced Hayward. His appointment means nothing in terms of changing the offshore drilling dynamic. That is currently playing out on Capitol Hill with the discussion on several pieces of legislation. The single-biggest development from the industry that will help that along was the announcement of a multi-company emergency-reaction plan.

Q: Anything new on the spill itself? The relief wells? I recall that, in one of your last columns for us, you outlined the "nightmare scenarios" for the relief wells.

Dr. Moors: I am still not sold on doing both a static kill from the top and a direct kill from below. The idea is to move as much mud down to offset pressure differences. If there are significant pressure differentials between the annulus (the space between the production casing and the borehole) and inside the production casing (the pipes of the blown well), the combination could create a major collapse and pipe implosion. The static kill is moving in from 5,000 feet down (the blowout preventer above the wellhead on the seabed floor). The direct kill is moving in at a 47-degree angle to intersect with the production casing about 17,500 feet down (13,500 feet below the seabed).

Q: Anything else we should be watching for?

Dr. Moors: Increasing problems experienced with an aging pipeline, terminal and capped field structure. In the last week alone, we've seen a barge collision with a capped well in the Gulf, a dramatic pipeline explosion in Dalian (China) and a Michigan pipeline rupture that sent oil spilling into the Kalamazoo River. More incidents such as these are on the way. The required capital expenditure to maintain this infrastructure are increasing fast.

[Editor's Note: Dr. Kent Moors, a regular contributor to Money Morning, is the editor of "The Oil & Energy Investor," a newsletter for individual investors. In a career that spans 31 years, Dr. Moors has been consulting the energy industry's biggest players, including six of the world's Top 10 oil companies and the leading natural gas producers throughout Russia, the Caspian Basin, the Persian Gulf and North Africa. As the preceding interview so clearly illustrates, Dr. Moors' experiences - as well as the unrivaled industry access, contacts and insights he possesses - are the backbone of the Energy Advantage, an energy-sector advisory service whose portfolio is up a cumulative 56.9% since its July 6 debut. For more information on that service, please click here.]

Mining Interactive :Zeal Intelligence Weekly - "Platinum and Gold" by Scott Wright. July 31st. 2010

Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Have a great weekend and - - - Stay Tuned!!
Regards,

Nick L. Nicolaas
Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com
Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com
Vancouver Stock Exchange Building (1929)
Suite 818 - 475 Howe Street
Vancouver, BC, Canada V6C 2B3

MarketWatch:The week's Top 10 videos on MarketWatch. July 31st.,2010

MarketWatch

Weekly Roundup
JULY 31, 2010

The week's top videos

By MarketWatch



In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of July 26-30:

Sitting can be dangerous to your health

The practice of sitting in one place for too long can lead to a shorter life, even if you exercise, according to a new study. In this week's Health Minute, Kristen Gerencher offers some tips on how to stay healthy.
 Watch Video Report.


Four market myths that won't die

Investors hear the standard calming myths over and over again. Brett Arends discusses four that need extra scrutiny.
 Watch Video Report.


Bullion coin investing may cost you

Bullion coin investing has risen alongside gold's popularity, catering to a small subset of investors who want physical possession regardless of how much more they may pay. Claudia Assis reports.
 Watch Video Report.


Don't buy gold

Forget gold, says James Altucher. He tells Veronica Dagher why and where investors should put their money instead.
 Watch Video Report.


Skiing plus fishing equals skishing

Paul Melnyk believes that the best way to catch a bass off of Montauk, Long Island, is to jump in after it. He invented a form of fishing in which the fish pulls him through the water, as if he were skiing. Thus was born skishing. Christopher Rhoads reports.
 Watch Video Report.


How much do you pay for your 401(k)?

The Labor Dept. is moving ahead on rules to help employers and workers better understand 401(k) fees. Some say this is more information than needed, but a survey finds otherwise, reports Andrea Coombes in the Personal Finance Minute.
 Watch Video Report.


Investor be nimble

The market's got a lot of investors scared, but the fundamentals are good, says Liz Ann Sonders, chief investment strategist at Charles Schwab. The environment has been volatile, but smart, long-term investors can take advantage of that.
 Watch Video Report.


IPhone 4 delay upsets South Koreans

South Korea has been dropped from a list of markets that are to get the iPhone 4 this week, and the news media in South Korea have accused Apple and Steve Jobs of misstating the reasons for the delay. Evan Ramstad talks to Simon Constable about the possible causes for the delay.
 Watch Video Report.


North Korea threatens nuclear attack on South

North Korea says it will begin a "sacred war" against the United States and South Korea in response to planned military exercises by the allies.
 Watch Video Report.


Akamai riding high

The World Cup has been over for more than two weeks, but stock in Akamai Technologies, which streamed many of the matches online, continues to rise. Now, you either know everything about Akamai or have never heard of it. Rex Crum reports.
 Watch Video Report.


See the week's Top 10 news and analysis stories.

See the week's 10 best Personal Finance stories.

MarketWatch: The week's 10 best Personal Finance stories. July 31st. 2010

MarketWatch
Personal Finance Daily
JULY 31, 2010

This week's top Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of July 26-July 30:

How short-selling sleuths spot accounting gimmicks on financial reports

As the 2010 second-quarter earnings season wraps up, accounting sleuths are once again scouring the latest reports for disconnects between what company executives are telling investors and what the numbers are saying.
See Weekend Investor.


Long-term unemployment is hard on your health

Long-term unemployment doesn't just drain your wallet, it's mentally exhausting. Self-respect may suffer, family relationships are stressed, and relationships with close friends may end, according to a recently released report from the Pew Research Center.
See story on long-term unemployment is hard on your health.


A cash-in refinance can cut mortgage costs

Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallets. Today, some borrowers are doing the reverse, bringing cash to the closing table when they refinance their home loans.
See story on a cash-in refinance can cut mortgage costs.


Weather forecasts help stores reel you in

Ever notice how the things you need most in sweltering heat -- a bottle of water, ice cream -- seem to be everywhere you turn? It's not by accident.
See Jennifer Waters's Consumer Confidential.


New drugs for cystic fibrosis bring hope

Emily Schaller likes to travel as part of the cystic-fibrosis advocacy she does, but the daily regimen she uses to manage her disease weighs her down.
See story on new drugs for cystic fibrosis bring hope.


Money isn't going to make you happy

When it comes to feeling as though you're enjoying the good life, money matters. Make no mistake about it. But it's just one critical ingredient, according to a new study.
See Robert Powell on money isn't enough to make you happy.


Investor sentiment heats up in July

The buyers are back in town. Bullish sentiment among investors rose to 40% from 21% in the first week of July, according to the latest survey from the American Association of Individual Investors, while 33% of respondents were bearish, down from 57% earlier in the month.
See Jonathan Burton's Life Savings on investor sentiment heats up in July.


What to do with a reverse mortgage if you remarry

Question: I have a friend who took out a reverse mortgage with his wife. His wife passed away and he has since remarried. What happens to his new wife -- or more specifically, the house -- when he dies?
See Realty Q&A on what to do with a reverse mortgage if you remarry.


More employers peg workers' insurance premiums to health

Employees have a new reason to drop the donuts and stop smoking before benefits enrollment season begins in a few weeks.
See story on more employers peg workers' insurance premiums to health.


Car sales top list of consumer complaints

In a sign of the economic times, consumers' biggest gripes were about car sales and credit and debt grievances, according to a survey of complaints made to consumer agencies last year. The fastest-growing gripe was about bogus offers to save consumers from foreclosure.
See story on car sales top list of consumer complaints.