Stock Analysts

BP, Plains Close $5.5B Gulf Deal (BP) (PXP)

British oil giant BP Plc ( BP ) has closed a $5.5 billion cash deal with Houston’s Plains Exploration & Production Company ( PXP ) relating to the divestment of various oil and gas fields in the deepwater US Gulf of Mexico. The agreement, formally announced on September 10, 2012, is part of BP’s $37 billion divestment plan started in 2010. The ongoing program sees the British major getting rid of its mature, non-core upstream assets to create a portfolio with stronger growth potential from a smaller base […]

FDA Approval

IRIDEX Announces FDA 510(k) and CE Clearance of New Laser Delivery System for Fast, Non-invasive Treatment of Serious Retinal Diseases

IRIDEX Announces FDA 510(k) and CE Clearance of New Laser Delivery System for Fast, Non-invasive Treatment of Serious Retinal Diseases TxCell™ Scanning Laser Delivery System capable of multi-spot, single spot, and Fovea-friendly™ MicroPulse Laser Therapy PR Newswire MOUNTAIN VIEW, Calif., Dec. 3, 2012 MOUNTAIN VIEW, Calif. , Dec […]

Peter Schiff

Debt Ceiling & the Fiscal Cliff

[youtube tj99yDMYmbg] President Obama wants to make it easier for our nation to go deeper into debt supposedly to convince bondholders that we are serious about paying our bills. Of course, we can only “pay”our bills if bondholders loan us the money to necessary to make the payments . […]

Mergers & Acquisitions

Atlas Pipeline Partners, L.P. To Acquire Cardinal Midstream For $600 Million

Atlas Pipeline Partners, L.P. To Acquire Cardinal Midstream For $600 Million – Partnership to acquire all operating assets from Cardinal Midstream, LLC – Transaction is expected to be immediately accretive to DCF by 3% to 5% in 2013 and 8% to 10% in 2014 – Atlas Pipeline increases 2013 EBITDA guidance by over 20% to $310 to $360 million – Provides new entry as the largest midstream processer in liquids-rich basin of Arkoma-Woodford – Majority of Cardinal Midstream’s cash flows derived from fixed fee contracts – Acquisition includes 60% operated interest in Centrahoma JV with MarkWest Energy Partners – Owned and/or operated assets include 220 MMcfd of processing capacity and associated gathering lines as well as gas treating business PR Newswire PHILADELPHIA, Dec. 3, 2012 PHILADELPHIA , Dec. […]

Max Keiser

What’s eating the global economy?

[youtube Lu-72WrXqng] Watch the full Keiser Report E375 on Tuesday. In this episode, Max Keiser and Stacy Herbert investigate the black hole of debt sucking in our economies, jobs and wealth like strings of spaghetti past the economic event horizon. […]