Saturday, September 06, 2008

BNET Update: Monday, September 8, 2008

Energy Conversion Devices (ENER-$66.27), which builds solar cells right into its roofing materials (UNI-SOLAR), is capitalizing on opportunities provided by feed-in-tariffs in the European Union for building integrated photovoltaic applications.

General Mills (GIS-$67.84)
has no intention of embracing the "say on pay" movement anytime soon.

Despite concerns in energy corners that slowing global economic growth could diminish demand — and pricing — for commodities, Patriot Coal (PCX-$44.98)
remains optimistic on the market for thermal coal for 2009 and beyond.

Range Resources (RRC-$44.31) said shut-in wells at the Marcellus Shale development in Appalachia
are now expected to commence production early in fourth quarter of 2008, ahead of the previously scheduled second-quarter 2009. Falling natural gas prices, however, could turn good cheer at the company to bad tidings.

Demand for offshore drilling units continues to be strong, particularly for floaters. In the second-quarter ended June 30, Transocean (RIG-$122.35) reported that average rates for its fleet of deepwater floaters increased 32 percent from last year, on average, to $360,500 per day.

Editor David J Phillips and Columnist Debra Fiakas do not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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