Posts Tagged ‘Groups’
April 25, 2014 | 
Author PIRA Energy Group’s Weekly Natural Gas, Power and Coal Market Recap for the Week Ending April 13th, 2014
New York, NY (PRWEB) April 16, 2014
NYC-based PIRA Energy Group reports that Russian supply cutoff via Ukraine is unlikely to happen. While In the U.S., the first EIA report of the injection season revealed a paltry 4 BCF build. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following:
Russian Supply Cutoff via Ukraine Unlikely To Happen
The longer term implications of a Russian supply cutoff via Ukraine are so significant that PIRA still believes that it is unlikely to happen, even if now would be the ideal time – low seasonal gas demand and limited risk to Western Europe – to trigger it. If Russia’s mega-investment in pipeline gas to Asia were already built, that would be one thing, but the broader plans for such a grid outlined in this week’s Gazprom Investment Day presentation do not envision such a system until late 2019 at the earliest. The longstanding marriage between European gas demand and Russian gas export revenues is very much alive and well, and with it, a marital compromise will have to be reached with regard to how Ukraine’s debts will be paid in the future.
Paltry Stock Build
The first EIA report of the injection season revealed a paltry 4 BCF build, splitting the uprights between the five-year average 9 BCF build and the year-ago 25 BCF draw. Nevertheless, the indicated figure was well below consensus estimates that called for a build some 10 BCF higher, and was even below the low end of the market’s range. With the report’s lowball number unmasking inherently more bullish underlying fundamentals, the NYMEX prompt contract rallied ~15¢ on the news, erasing early-session losses on its way to an overall day-on-day gain of ~7¢ by settlement.
Jump in Price Volatility Is Emerging in Three Major Markets
In the three major regional gas markets around the world, a noticeable jump in price volatility is emerging after several years of near dormancy. In North America, higher prices are being driven by low storage coming out of winter and in Europe, lower prices are being driven by high storage coming out of winter. In Asia, second quarter spot prices have dropped roughly 20% over the past 90 days and it is all too clear that buyers of choice have replaced buyers of necessity during the seasonal dip in Asian gas demand.
NYC-based PIRA Energy Group reports that coal pricing is benefiting from strength in natural gas markets. While in the Europe, discussions on pricing of French nuclear power appears stalled. Specifically, PIRA’s analysis of electricity and coal market fundamentals has revealed the following:
Coal Pricing Benefiting from Strength in Natural Gas Markets
Seaborne coal prices moved higher across the board last week, although weaker dry bulk freight rates gave more upside momentum to FOB pricing points than CIF ones. The threat of Russia cutting off gas to and through Ukraine grabbed headlines last week, sending NBP gas prices higher. The oil market also ticked up last week, and coal pricing followed suit. Coal specific fundamentals remain weak overall, with robust supply and sluggish demand growth.
The Costs of the French Nuclear Power Being Discussed
The discussion around the price of the ARENH (Regulated access to historical nuclear electricity) appears to have stalled. Set to be released by the end of March 2014, the decree updating the price of EDF’s nuclear power allocated to its competitors appears to be slated to be published only during the summer, leaving a big regulatory vacuum for large volumes of electricity at a time when the French electricity supply/demand balances are looking considerably bearish.
The information above is part of PIRA Energy Group’s weekly Energy Market Recap, which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.
Click here for additional information on PIRA’s global energy commodity market research services.
PIRA Energy Group
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New York, NY 10016
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How will crude oil trade flows evolve? What will determine the volume of U.S. product exports?
Click to view PIRA’s new multi client study: Shale Crude’s Growing Global Impact: Consequences for Trade Flows and Pricing Within and Beyond North America’s Borders
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending April 13th, 2014
New York, NY (PRWEB) April 15, 2014
NYC-based PIRA Energy Group believes that Asian oil markets remain supported. In the U.S., stocks built. In Japan, consumption tax increase depresses product demands. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:
Asian Oil Markets Remain Supported
Oil prices should find increasing support moving forward as the worst of the spring crude stock building is almost behind us. Asian gasoline cracks should improve seasonally. Gasoil cracks should hold up with ongoing turnarounds and then higher demand, especially into 3Q.
Consumption Tax Increase Depresses Japanese Product Demands
Total commercial stocks rose 4.6 MMBbls due to a 4.9 MMBbl build in crude. Finished product stocks were modestly lower. Gasoil stocks drew for the eleventh straight week. All the major product demands fell back, as an increase in the consumption tax went into effect April 1st. That increase is likely to keep demands abnormally soft for the next couple of weeks and produce adverse demand comparisons to last April.
A Closer Look at Canadian Shale Liquids Potential
It is becoming increasingly likely that the next location of significant shale liquids growth will be Western Canada. A closer look at resource potential suggests that production volumes will substantially grow. There will be obstacles including cost pressures, water management, takeaway infrastructure limits and environmental concerns that will slow progress but none of these appear to be showstoppers.
Propane Stock Building Has Commenced
U.S. stock building occurred at a faster pace than last season, but propane inventory comparisons will remain far lower year-on-year. Propane exports will grow during the course of the year as new terminal capacity is added. Near term ethane usage is affected by a relatively high level of cracker downtime. The key development is the sharp escalation in spot international freight costs which is adversely impacting trade economics.
Ethanol Prices Plummet
U.S. ethanol prices tumbled the week ending April 4 as plant output increased sharply, enabling stocks to build for the second consecutive week. At the same time, prices had reached a high enough premium over gasoline that companies reduced the percentage of ethanol-blended fuel to the lowest level in about eight weeks.
The information above is part of PIRA Energy Group’s weekly Energy Market Recap, which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.
Click here for additional information on PIRA’s global energy commodity market research services.
PIRA Energy Group
3 Park Avenue, 26th Floor
New York, NY 10016
212-686-6808
sales(at)pira(dot)com
PIRA’s new multi client study: Shale Crude’s Growing Global Impact: Consequences for Trade Flows and Pricing Within and Beyond North America’s Borders
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending January 26th, 2014
New York, NY (PRWEB) January 28, 2014
NYC-based PIRA Energy Group reports that Brent crude prices have stayed strong this month. On the week, U.S. products draw while crude stocks build, while in Japan crude stocks jumped. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:
Brent Prices Strong This Month
Brent crude prices have stayed strong this month supported by relatively tight global supply-demand balances and low inventories but will trend lower later this quarter as refinery maintenance cuts crude demand, crude supply continues its unrelenting growth in the United States, and supply disruptions elsewhere directionally ease.
U.S. Products Draw While Crude Stocks Build
Surprisingly low crude runs were largely responsible for the first crude inventory increase in eight weeks. They also contributed to a larger product stock draw versus the week earlier. A reported demand increase and increased product imports were also factors in the week-on-week product stock change. This past week’s overall inventory change was 1.3 million barrels larger than the inventory decline for the same week last year, thereby widening the year-on-year stock deficit. U.S. commercial oil inventories are declining significantly this January and this has happened just once in the last ten years.
Another Jump In Japanese Crude Stocks
Another relatively high crude import rate produced a crude stock build on slightly lower runs. Modestly higher stock builds were registered on all the major products (mogas, gasoil, naphtha, jet, and fuel oil), though kerosene stocks drew seasonally. Margins were slightly softer with weaker light product cracks overshadowing higher fuel oil cracks.
U.S. Propane Is Continuing To Exert Price Leadership
U.S. Propane is continuing to exert price leadership although developments in the mid-continent are certainly in a state of disequilibrium given high demand for tight supplies. The wide gap to the Gulf Coast is certainly encouraging flows north with the price level leading to demand destruction.
Ethanol Prices and Margins Decline
U.S. ethanol prices resumed their downward trend the week ending January 17 as improving weather in the Midwest led to higher operating rates and reduced transportation problems. Manufacturing cash margins fell as a result of the decrease in ethanol and co-product values.
China Quarterly Oil Demand Monitor
China’s apparent oil demand disappointed in 2013, as growth slowed meaningfully from 2012. Reasons for the slowing were not immediately apparent. The pace of GDP growth did not change between the two years, and physical indicators that can directly be tied to oil demand (such as vehicle sales, ethylene production, and air travel) recorded healthy increases last year. Looking to 2014, the key story for China is an ongoing push for structural reform.
The information above is part of PIRA Energy Group’s weekly Energy Market Recap, which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.
Click here for additional information on PIRA’s global energy commodity market research services.
PIRA Energy Group
3 Park Avenue, 26th Floor
New York, NY 10016
212-686-6808
sales(at)pira(dot)com
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Eiffel Investment Group’s Long-Short European Credit Fund Won the New Fund of the Year Award at the Eurohedge Awards 2012
(PRWEB) January 31, 2013
Eiffel Investment Group is pleased and honored to announce that its long-short European credit fund, Eiffel Credit Opportunities, has won a “New Fund of the Year” award at the Eurohedge Awards 2012. The Eurohedge Awards are one of the most prestigious awards in the European hedge fund industry. Winners were announced by Eurohedge on January 24th, 2013, in London. Eiffel Credit Opportunities was chosen as the best “New Fund of the Year” (in a category comprising macro, fixed income & relative value funds), among seven highly performing nominees, based on its exceptional performance and Sharpe ratio in 2012.
About the Eiffel Credit Opportunities fund
Eiffel Credit Opportunities is a long-short European credit fund. It makes discretionary investments in credit instruments of European corporate and financial institutions, using bonds, loans and CDS. The strategy relies on a bottom-up, research-driven approach for credit selection. The portfolio consists of a limited number of high conviction catalyst-driven long and short core positions, plus more opportunistic trading positions. Deployment and exposure are managed dynamically with reference to credit market regime.
The Fund was incepted on 1 December 2011 and gained more than 20% in 2012 with a Sharpe ratio of more than 2. The strategy has a three year track record.
The fund manager, Emmanuel Weyd, has 20 years of experience of the European credit markets. Before joining Eiffel Investment Group early 2009, he was a Managing Director on the credit desk of J.P. Morgan’s proprietary trading division (PPB) in London. He had previously been co-head of European Credit Research at J.P.Morgan and head of Debt Capital Markets for a European region at J.P.Morgan. Emmanuel is supported by a team of four research analysts and a team of four operations & risk professionals, using the state-of-the-art infrastructure of Eiffel Investment Group.
About Eiffel Investment Group
Eiffel Investment Group is a fundamental investor in European credit and equity. The firm manages over EUR 300 million of proprietary and third party assets in a range of absolute return strategies: long-short credit, long-short sector-focused equity and long-term credit. The team relies on a research-intensive investment approach to identify attractive alpha generating investment opportunities.
Eiffel Investment Group is an independent firm, owned by its team alongside former Louis Dreyfus group Chairman & CEO Jacques Veyrat (the company was created end 2008 as an asset management division of the Louis Dreyfus group and spun-off mid-2011).
The firm and its principals have invested EUR 100 million in the funds managed by Eiffel Investment Group, ensuring a very strong alignment of interests with investors and a constant focus on risk management.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Posted in Equities & Stocks | 
Tags: 2012, Award, Awards, Credit, Eiffel, Eurohedge, European, Fund, Groups, Investment, LongShort, Year | 
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Marketing Experts and Leaders from Top Performing Automotive Dealership Groups Share Successful Digital Sales and Marketing Techniques
Atlanta, GA (PRWEB) September 28, 2012
Marketing expert Phil Sura of UnityWorks Media, and three of the most effective dealership leaders in the country, Wayne Ussery, Internet Director for the Jim Ellis Group, Lonnie Decker, chief marketing officer for The Auto Gallery, Potamkin Automotive Group, and Kevin Mize, dealer principal for O’Hare Honda and O’Hare Hyundai, are sharing their expertise with automotive dealers and managers.
As Internet sales and marketing directors, Ussery and Decker do a tremendous job driving unique visitors/visits and conversion rates, selling units and making their dealer groups some the highest performers in the country.
Mize believes that the Internet and a strong digital focus are a requirement for success and he saw the importance of transforming his operation to a digital focused dealership out of necessity, as his dealerships are not located on an automotive row.
Phil Sura and these dealership leaders are sharing their expertise with dealers and managers who will have the opportunity to take away specific concepts that can be implemented at their dealership that will help them to drive stronger results!
What will dealers and managers learn and what action items will they take back to the dealership?
Learn about driving unique visitor count to the website.
Learn how to drive visibility with both organic and SEM focuses. Learn about the role mobile can play.
Learn how to leverage video to drive website conversion and organic search results.
Learn about processes to get the entire sales team involved with embracing the digital space.
Phil Sura started the automotive division of UnityWorks Media, a web video company supporting over 1,500 automotive dealers. UnityWorks Media is recognized as the video pioneer in the automotive space. Sura previously worked as a general manager for one of the top 100 Ford dealerships and spent 13 years with Pat Ryan and Associates. Sura has been a regular contributor to Digital Dealer magazine and always receives top scores when he speaks at Digital Dealer Conferences. His Best of the Best panel discussions provide a chance for the audience to hear from some of the top producers in the nation.
Lonnie Decker is the chief marketing officer for The Auto Gallery, Potamkin Automotive Group, selling Ferrari, Maserati, Lamborghini, Porsche and Audi in Los Angeles. Decker is also the general manager for the Lamborghini operation, which allows him to test digital concepts at one location before rolling them out across all dealerships. He started his career selling cars and has also worked for Mercedes Benz Corporate. In his current position, Decker’s focused approach has accomplished the following: monthly unique visitors went from 9,000 to 60,000, profits doubled and sales increased 150 percent.
Kevin Mize is the dealer principal for O’Hare Honda and O’Hare Hyundai. He is the past Chairman for the Chicago Auto Trade Association and currently serves on an E-Business subcommittee for Acura and Honda USA, which focuses on identifying e-commerce initiatives that are producing results. Mize has embraced digital technology by using traditional media (radio) to drive customers to his website and leverages video to drive both organic searches with Google and website conversion. He thrives on testing the newest ideas from a digital perspective to see which ones produce great results and his team does a great job of vetting new concepts, calling for references and tracking results. Mize doesn’t rely on anyone to figure out the Internet – he’s a student of it!
Wayne Ussery started the Internet team for the Jim Ellis Group 14 years ago. Since that time they have moved from zero to over 675 Internet sales monthly. Ussery accomplished this by driving 100,000 unique visitors to the website each month while managing SEO. He is very progressive with utilizing video applications to drive organic search and website conversion. Ussery does a tremendous job tracking metrics so that he can evaluate which initiatives are producing results. The Jim Ellis Group is recognized as one of the strongest e-commerce dealer groups in the nation.
Phil Sura will be moderating a panel discussion with Lonnie Decker, Kevin Mize and Wayne Ussery for dealers and managers on successful digital sales and marketing techniques at the 13th Digital Dealer® Conference & Exposition, October 23-25, at The Mirage in Las Vegas, NV. For more information about Phil Sura’s dealer panel and other speakers, visit: http://www.DigitalDealerConference.com
ABOUT DEALER COMMUNICATIONS
Dealer Communications is the leading multi-media information source for franchised automotive dealers and managers. Connecting with franchised automotive dealers and managers over ten million times per year, Dealer Communications publishes the monthly print and online editions of Dealer magazine and Digital Dealer magazine. Online weekly newsletters include Dealer; Digital Dealer; Dealer Fixed Operations; Dealer Pre-Owned; Dealer F&I, and Dealer Sales and Marketing. Dealer Communications also offers the Digital Dealer Webinar Series, with online presentations throughout the year. To see all that Dealer Communications offers, visit: http://www.dealer-communications.com
Dealer Communications also owns and operates the Digital Dealer Conference & Exposition, the premier educational conference and expo dedicated to Internet and technology solutions for automotive professionals. Digital Dealer events deliver the largest array of speakers, peer to peer opportunities, and exhibit hall offerings – all carefully designed to impart cutting edge business strategies. With an audience of the industry’s most progressive dealers and managers and the most innovative conference format, Digital Dealer provides the ultimate learning and networking environment.
The 13th Digital Dealer Conference and Exposition will be held October 23-25, at The Mirage in Las Vegas, NV. There will be new Digital Dealer Learning Labs, Digital Dealer Innovation Hours, a new Digital Dealer Peer Networking Roundtables dinner, more than 100 workshops, over 100 specialized technology solutions providers, and many more exciting new benefits. For more information, visit: http://www.DigitalDealerConference.com
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Careers | Tags: Automotive, Dealership, Digital, Experts, from, Groups, Leaders, Marketing, Performing, Sales, Share, Successful, Techniques | 6 Comments »