February 5, 2009
Dow board would consider dividend cut: CEO | www.reuters.com
With major debt loads hovering over Dow's balance sheet and no buyer in sight for the basics portfolio Dow must explore every possible avenue for cash flow improvement. Investors can no longer look to the dividend yield as a prop for the stock price as Dow's investment ratings remain in jeopardy.
February 5, 2009
Dow says Rohm agreement not binding at this point | www.reuters.com
Dow has already conceded that they may face default on key lending terms if they are forced to close the ROH deal as signed. Other draconian implications loom in the background as CEO Liveris struggles to renegotiate two huge deals.
Flush with cash, Oil and Gas producers may drive petrochem M&A
February 4, 2009
Hard times mean hard-nosed M&A for those with cash | www.reuters.com
With petrochemical producers suffering through the worst demand slump in a quarter century their stock prices reflect a long term value play. Add in synergies from lower cost feedstocks and vertical integration with major oil and gas producers may drive M&A in this sector.
Green and Mean - Obama turns Climate dogs loose on Automakers
January 26, 2009
Obama to let states set auto emission rules | www.cnn.com
The Clean Air Act of 1970 and its 1990 amendments have always given California authority to set tighter tailpipe emission standards than the rest of the country, but not to mandate better fuel economy. Now, under the guise of CO2 emissions, Obama's administration is set to allow just that.
Dow scrambling to pull of ROH deal
January 23, 2009
Dow-Rohm & Haas deal nears FTC approval | uk.reuters.com
The aborted Kuwaiti JV leaves Dow over $7 Billion short in cash needed to finance ROH takeover. CEO Liveris must now quickly find a partner or buyer for the basics businesses.
Cummins De-Integrating to Focus on Value Core
January 23, 2009
Cummins Emissions to Partner with Emcon, Close Wisconsin Plant | www.truckinginfo.com
Cummins' announcement to close their WI emissions plant is reflects an ill-advised entry into non-core supply chain segments.
Rohm and Haas weathering the storm
January 21, 2009
UPDATE 1-Rohm and Haas plans to cut 900 jobs | www.reuters.com
While ROH waits for Dow to close the deal they must conduct business as usual and maintain ongoing operations as a separate entity.
Food or Fuel - Are Biodiesel Incentives Sustainable?
January 21, 2009
IRS Proposes Biodiesel Tax Incentive | www.irs.gov
Increased demand for biofuel feedstocks will keep prices higher for food crops and may price these fuels out of the market.
The Independent Petrochemical Producers Are Ready
January 21, 2009
LBO Burden May Force Ineos, Georgia Gulf Bankruptcy (Update2) | www.bloomberg.com
Production activity in petrochemicals appears to be restarting. Ineos, LyondellBasell, and Georgia Gulf have optimized their operations.
The 'D-Word' - Will Dioxin Scare Disrupt Trucking's 2010 SCR Plans?
January 16, 2009
Cummins has full confidence in its SCR | fleetowner.com
Many engine OEMs plan to use SCR catalysts for EPA 2010 NOx compliance. Copper bearing SCR formulations are popular but Copper is known to promote Dioxin formation under certain conditions. The industry and EPA must come to agreement on approval of these SCR formulations.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012