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Energy XXI: High Cost, High Leverage, Weak Energy Prices, Good Short?
By Time & Model: Energy XXI (Bermuda) Ltd (NASDAQ:EXXI) is a gulf coast deep water oil producer. The stock price has been falling since early 2012 but the decline has accelerat...
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The good, the bad and the ugly of falling energy prices
The recent correction in the price of crude oil should have an immediate positive impact on the US consumer as well as on a number of business sectors. However there also may be a significant economic...
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Update on crude oil markets
Crude prices came under pressure again today. According to Reuters (from last week), the Saudis “will accept oil prices below $90 per barrel, and perhaps down to $80, for as long as a year or two”....
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Lower crude oil price in the US does not imply oversupply
Social media has been circulating this chart on US crude oil, that seems to indicate that the US is sitting on excessive inventories. That's simply not true. In fact US crude oil availability in...
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At current prices Bakken and Permian Basin are in the red
Although the OPEC's decision to maintain current crude production quotas was not entirely unexpected (see post), the market reaction was violent. WTI crude fell over 10% over the last two days of the...
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Energy price declines not limited to oil
With all the focus on falling crude oil prices (chart below) as well as sharp reductions in the cost of gasoline (including retail), jet fuel, and heating oil, it's easy to miss the fact that prices of...
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Are Oil Price Declines Good for the Economy?
Are Oil Price Declines Good for the Economy? Kevin L. Kliesen Federal Reserve Bank of St. Louis Economic Synopses, 2015, No. 3 As expected, falling crude oil prices lead to falling gasoline prices...
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Is Cheaper Oil Good News or Bad News for U.S. Economy?
Is Cheaper Oil Good News or Bad News for U.S. Economy? Jan Groen and Patrick Russo Oil prices have declined substantially since the summer of 2014. If these price declines reflect demand shocks, then...
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