November 30th, 2007
Written by Ravi Shenoy
Upstream oil and gas (E&P) companies in the past have benefited from high crude oil prices. Thus, it would be reasonable to assume that most E&P companies should benefit from the rapid and unprecedented rise in crude oil prices to $100 per barrel in the recent past. However, our analysis of recent reported performance (Sep-07) shows that for a variety of reasons, this is not the case for a number of E&P companies. The average of the monthly price of West Texas Intermediate (WTI) crude at Cushing Oklahoma as reported by the Department of Energy, U.S. (DOE) rose $5.1 per barrel or 7.25% y/y to $75.48 per barrel during the Sep-07 quarter. Despite this, some of the upstream companies have reported lower revenue during the Sep-07 quarter. read more…
November 28th, 2007
Written by Sunil Rajak
Bhushan Khushalani also contributed to this Note
Economic headwinds continue from credit tightening and increase in energy prices
US auto sales in the month of October suggest US automakers are struggling to mitigate economic headwinds with new product launches in light truck segment and with higher incentives, while their Japanese counterparts have surged ahead with higher sales of fuel efficient compact vehicles and enhanced acceptance of hybrid vehicles.
Gridstone Research tracks monthly sales data reported by the top Automakers, and using the data we have analyzed here sales performance of the top 5 Auto companies for the month of October 07.
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November 12th, 2007
Written by Priyank Govila
Arpita Lulla, Hemina Mehta and Vishal Kapse also contributed to this Note
Retailers continue to disappoint with declining October ’07 comparable store sales
Softer consumer spending environment relative to last year as well as the continuation of unexpected weather patterns during the month led to disappointing October comparable store sales amongst most retailers with the exception of discounters / warehouse clubs.
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