Feb 22, 2008

Friday, February 22, 2008

Russia And Iran To Create Oil Cartel - Persian Journal economy business Latest Archaeology oil gas news & Iranian business newspaper gas

Russia And Iran To Create Oil Cartel
Feb 21, 2008

Iranian.ws

A joint energy venture between Russia and Iran, the world's top two oil producing countries, will establish an oil cartel controlling more than 40 percent of the world's oil supply. The cartel could rival the Organization of Petroleum Exporting Countries, according to analysts.

Russia's oil monopoly Gazprom and National Iranian Gas Co. agreed on Wednesday to developing "two or three" blocks of the South Pars field in the Persian Gulf, and the creation of a joint venture company with a third country in the next two months.

Alexei Miller, Gazprom CEO, and Iranian Oil Minister Gholam Hossein Nozari discussed Tuesday plans on how Gazprom could help develop Iran's oil and gas industries especially exploration, production and processing facilities, as well as shipping to overseas markets.

The South Pars, the world's largest gas condensate deposit, which Iran shares with Qatar, expects to produce 751 million cubic meters of natural gas a day when completed by 2014. The annual output of its eight units is 73 billion cubic meters, but can be increased to 200 billion cubic meters.

Iran's natural gas reserves are about 28 trillion cubic meters.

bovine tuberculosis

bovine tuberculosis

The North Dakota Board of Animal Health today ordered the new rules to kick in immediately in response to an outbreak of bovine tuberculosis across the border in Roseau County and a corner of Beltrami County in northwestern Minnesota.

"We're not surprised," said Deb Dahlke, executive director of the Minnesota State Cattlemen's Association, "We have been advising our members of this scenario that this could very well happen."

Dahlke said Minnesota producers are being told to get whole-herd disease testing completed before hauling livestock across state lines.

The North Dakota order, signed today by Nathan Boehm, president of animal health board, pertains to all cattle, bison, goats, farmed elk and llamas coming into the state from Minnesota.

How a rogue trader can cheat the system

funny video explaining how jerome kerviel crushed his bank. pretty good info with a couple of laughs as well. have a good weekend. -st0ckman

YouTube - st0ckman's Channel

YouTube - st0ckman's Channel- Pre Market
as of 9am est

Gapping up:

NCTY +15.8%, OPTV +14.0%, SOL +11.9%, ASGN +10.3%, LDK +9.3%, OMEX +7.1%, LYG +6.2%, ACTG +5.6%, FRPT +5.4%, SWIM +5.3%, LLY +3.4%, RRGB +3.3%, DTV +3.2%, MT +3.1%, AKNS +3.0%, WWE +2.9%, VLCM +2.9%, DTE +2.5%, NDSN +2.4%, DFS +2.4%, UBS +2.1%, YGE +1.9%, SOLF +1.8%, LAVA +1.8%, DISCA +1.7%...

Gapping down:

MRGE -46.8%, BRLC -37.1%, UNFI -25.6%, ETEL -21.6%, CBEY -20.4%, QDEL -12.3%, DAIO -10.6%, MGRC -6.1%, RUTH -4.7%, CACB -4.6%, FNM -4.1%, INTU -3.5%, FRE -2.5%, GILD -2.2%, MVSN -2.1%, GFIG -2.0%, CHK -2.0%, BBY -1.7%.

NYSE Arca Morning Update

NYSE Arca Morning Update for Friday, Feb 22, 2008 :

Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock	Thursday's Close	Current Price	Pct Chng	Current NYSE Arca Vol
CBEY	$23.48	$17.25	( 27%)	29,507
UNFI	$23.81	$18.07	( 24%)	6,900
DAIO	$5.60	$4.50	( 20%)	1,300

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume:

Based on Share Volume:

Stock	Dollar Volume
SPY	$66,927,124
QQQQ	$11,893,372
EWZ	$3,055,284
AAPL	$2,492,230
IWM	$2,296,300
TOT	$2,213,086
UBS	$1,907,884
AU	$1,726,340
SHPGY	$1,532,354
MT	$1,357,725

Stock	Share Volume
SPY	497,175
QQQQ	272,858
UBS	56,975
AU	47,550
BRLC	45,265
ATSI	37,108
EWZ	36,400
IWM	33,100
TOT	29,800
ABB	29,725

Pre-Market Most Active Stocks - NASDAQ Premarket

NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume

Declined

Symbol

Company Name

Market
Close

Last Sale (Pre-Market)

% Change
(Pre-Market)

Share
Volume
(Pre-Market)

ATSI

ATS Medical, Inc.

$1.64

$2.01

22.56%

7,100

SHPGY

Shire plc

$56.85

$59.18

4.10%

10,410

MICC

Millicom International Cellular S.A.

$111.16

$113.47

2.08%

19,100

BUCY

Bucyrus International, Inc.

$102

$103.89

1.85%

3,900

SOLF

Solarfun Power Holdings Co., Ltd.

$14.20

$14.40

1.41%

8,622

FWLT

Foster Wheeler Ltd.

$74.85

$75.70

1.14%

7,150

AMZN

Amazon.com, Inc.

$69.90

$70.49

0.84%

14,400

SIRI

Sirius Satellite Radio Inc.

$2.92

$2.94

0.68%

20,569

AAPL

Apple Inc.

$121.54

$122.03

0.40%

42,363

QQQQ

PowerShares QQQ Trust, Series 1

$43.52

$43.64

0.28%

372,357

As of 2/22/2008 8:09:54 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume

Advanced

Symbol

Company Name

Market
Close

Last Sale (Pre-Market)

% Change
(Pre-Market)

Share
Volume
(Pre-Market)

UNFI

United Natural Foods, Inc.

$23.85

$18

24.53%

5,000

CBEY

Cbeyond, Inc.

$23.50

$18.25

22.34%

7,199

QDEL

Quidel Corporation

$18.24

$15.80

13.38%

9,331

RIMM

Research in Motion Limited

$106.69

$106.02

0.63%

3,870

ASML

ASML Holding N.V.

$24.66

$24.52

0.57%

6,000

As of 2/22/2008 8:09:46 AM

Stock futures steady as investors remain cautious - MarketWatch

Crude oil prices held steady after coming off highs earlier in the week. The April-dated light crude price fell 14 cents to $98.09 a barrel.

Among companies in focus, shares in Intuit (INTU:

INTU

) may come under pressure after the software group reported a 21% decline in second-quarter profit late Thursday.

Shares in Express Scripts (ESRX:

ESRX

on the other hand, may rise after its earnings topped forecasts and revenue also edged higher.

In other earnings news, insurer Fairfax Financial Holdings (FFH:

FFH) reported its fourth-quarter profit more than tripled to $563.6 million as successful bets on the mortgage meltdown helped boost its investment income.

AstraZeneca (AZN:

AZN) said it will appeal a court ruling in Alabama that awarded over $200 million of damages to the state's Medicaid agency in a dispute over drug pricing.

Motorola Inc. (MOT:

MOT) named Paul Liska as its new chief financial officer, effective March 1.

Among companies due to report earnings, Energy-based holding company PG&E Corp. (PCG:

PCG) is projected to report a fourth-quarter profit of 56 cents a share.

Most Asian markets were in retreat, with exporters weighing on the Japanese market. European stocks were also lower, with the German DAX 30 the biggest faller of the main indexes -- down 1% -- after weak results from heavyweight utility RWE

24/7 Wall St.

Top 10 Pre-Market Analyst Calls (MT, DISCA, FNSR, GILD, GMXR, JDSU, LLTC, NU, UEIC, WMB)

These are some of the research calls we are looking at this morning that are impacting shares in early pre-market trading:

Arcelor Mittal (NYSE: MT) raised to Buy at Deutsche Bank.
Discovery Holding (NASDAQ: DISCA) raised to Neutral at Credit Suisse.
Finisar (NASDAQ: FNSR) started as Outperform at Morgan Keegan.
Gilead Sciences (NASDAQ: GILD) downgraded to Market Perform from outperform at Bernstein Research.
GMX Resources (NASDAQ: GMXR) started as Buy at Jefferies.
JDS Uniphase (NASDAQ: JDSU) started as Market Perform at Morgan Keegan.
Linear Tech (NASDAQ: LLTC) raised to Buy from hold at UBS.
Northeast Utilities (NYSE: NU) raised to Buy from hold at UBS.
Universal Electronics (NASDAQ: UEIC) downgraded to Hold from Buy at Deutsche Bank.
Williams Companies (NYSE: WMB) raised to Outperform at RBC Capital Markets.

Pre-Market: Stock Trading Before the Markets Open from CNNMoney

Change	%Change	Level

FTSE 100	-8.60	-0.14%	5,923.60
XETRA-DAX	-81.00	-1.17%	6,823.85
CAC 40	-23.39	-0.48%	4,835.46
HANG SENG	-317.96	-1.35%	23,305.04
NIKKEI 225	-187.82	-1.37%	13,500.46

U.S. Dollar vs Euro	+0.0014	+0.09%	1.4833
U.S. Dollar vs Yen	-0.2600	-0.24%	0.0093
U.S. Dollar vs UK £	+0.00	+0.20%	1.97