2015 S&P 500 earnings estimates far from reflect oil reality

posted in: Economy, Equities | 0

Facing lower earnings, several oil companies already plan to cut 2015 capex U.S. energy sector accounts for whopping one-third of S&P 500 capex Given drop in oil price, ‘15 S&P 500 EPS estimates too optimistic Oil’s sharp drop can reverberate … Continued

OPEC/shale oil brinkmanship begins — who will blink first?

posted in: Credit, Economy | 0

2014 on track for 3rd successive year of $300bn-plus high-yield issuance; energy 15% of junk market By not cutting 30mn bpd production target, OPEC ready to lock horns with shale oil As both sides play game of ‘who will blink … Continued

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