Friday, August 22, 2025

Pound Falls 6% to 31-Year Low

The pound plummets against the dollar in apparent ‘fat-fingered’ trade: “I doubted what I saw on my screen” The British pound saw a dramatic drop in early-morning Asian trading today, falling more than 6% to a 31-year low just after 7a.m. Hong Kong time to as low as $1.18 from just above $1.26. The British currency recovered to about $1.24

Why Shareholders are Okay with Dilution

Shareholders send billions in equity capital flowing into oil and gas Since November 27, 2014, the American and Canadian oil and gas extraction industry has received more than $59.1 billion in new equity capital.  That is approximately 681 days since OPEC decided market share was more important than cash flow. A quick note for our OPEC friends: while in college

They Did It – Harvest Natural Resources Exits Venezuela

After years of struggling to negotiate with Venezuela, Harvest Natural Resources exits the country Houston-based Harvest Natural Resources (ticker: HNR) has closed its deal with private equity firm CT Energy Holding SRL for HNR’s Venezuela assets. The closing of the deal marks the end of more than two years in which the company has been trying unsuccessfully to divest its

Is the U.S. Government Too Big to Fail?

Assets: South of $5 Trillion; Liabilities: North of $21 Trillion In February of each year, the Government Accountability Office puts out an updated snapshot of the books, written in plain language. Since Congress is working and this is an election year, it’s prudent to revisit the basic assets and liabilities graph published in the latest Financial Report of the United States

Rigs Continue to Climb with Oil Price

U.S. rig count up 2 The U.S. rig count continued to rise this week as both WTI and Brent went above $50 per barrel. Both crude oil bench marks were down over 1% Friday, but Baker Hughes Industries (ticker: BHI) released the latest rig data, reporting the total rig count reached 524, up two from last week. The total rig