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Advantage Energy Ltd (PK)

Advantage Energy Ltd (PK) (AAVVF)

7.13
0.00
(0.00%)
Closed March 28 04:00PM

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Key stats and details

Current Price
7.13
Bid
5.32
Ask
9.06
Volume
-
0.00 Day's Range 0.00
4.91 52 Week Range 8.11
Market Cap
Previous Close
7.13
Open
-
Last Trade
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
35,638
Shares Outstanding
164,369,946
Dividend Yield
-
PE Ratio
15.68
Earnings Per Share (EPS)
0.62
Revenue
509.42M
Net Profit
101.6M

About Advantage Energy Ltd (PK)

Sector
Crude Petroleum & Natural Gs
Industry
Mgmt Invt Offices, Open-end
Headquarters
Calgary, Alberta, Can
Founded
2009
Advantage Energy Ltd (PK) is listed in the Crude Petroleum & Natural Gs sector of the OTCMarkets with ticker AAVVF. The last closing price for Advantage Energy (PK) was $7.13. Over the last year, Advantage Energy (PK) shares have traded in a share price range of $ 4.91 to $ 8.11.

Advantage Energy (PK) currently has 164,369,946 shares outstanding. The market capitalization of Advantage Energy (PK) is $1.59 billion. Advantage Energy (PK) has a price to earnings ratio (PE ratio) of 15.68.

AAVVF Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.17-2.328767123297.37.3847.11058227.21122069CS
4-0.28-3.778677462897.418.116.89491987.3121816CS
120.59559.113168566846.53458.116.152356386.95928643CS
260.294.239766081876.848.115.902337846.87740367CS
521.5327.32142857145.68.114.91236276.73695065CS
1565.2305275.3619373521.89959.551.8345986.49953489CS
2605.47329.5180722891.669.550.614339104.57127914CS

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AAVVF Discussion

View Posts
starkd748 starkd748 2 years ago
Still running
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starkd748 starkd748 2 years ago
Enjoying the run
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starkd748 starkd748 2 years ago
Board is quiet
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starkd748 starkd748 2 years ago
Trend is up
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starkd748 starkd748 3 years ago
Wow moving nicely
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Renee Renee 3 years ago
AAVVF: Effective May 26,2021 Advantage Oil & Gas Ltd. will change to Advantage Energy Ltd.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Renee Renee 6 years ago
AAV changed to AAVVF and delisted from the NYSE to the OTC:

http://otce.finra.org/DLAdditions
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Alyssa Alyssa 6 years ago
Advantage Commences Odd-Lot Share Repurchase Program

PR Newswire

CALGARY, March 21, 2018

(TSX: AAV, NYSE: AAV)

CALGARY, March 21, 2018 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage") is commencing an odd-lot share repurchase program (the "Odd Lot Program") pursuant to which it will offer to buy back common shares from registered and beneficial shareholders of Advantage who own 99 or fewer common shares ("Odd Lot Holders"). The Odd Lot Program affords Odd Lot Holders the opportunity to sell all, but not less than all, of their common shares or to continue to maintain their current holdings. Advantage will purchase up to a maximum of Cdn. $4 million of its common shares under the Odd Lot Program (the "Maximum").

The Odd Lot Program will begin on March 27, 2018 and will expire once the Maximum is met or at the close of business on May 8, 2018 (the "Period"), unless otherwise extended. Advantage may extend the Period for up to an additional six weeks and may increase the Maximum at its sole discretion.

Under the Odd Lot Program, Advantage will pay tendering Odd Lot Holders the following:

1. Canadian Odd Lot Holders will receive a price per common share equal to

the five day volume weighted average price ("5 day VWAP") of the common

shares on the Toronto Stock Exchange for the week (i.e., calculated on

the Friday) immediately prior to the week in which the Odd Lot Holder

tenders their common shares; and

2. United States Odd Lot Holders will receive a price per common share equal

to the 5 day VWAP of the common shares on the New York Stock Exchange for

the week (i.e., calculated on the Friday) immediately prior to the week

in which the Odd Lot Holder tenders their common shares.

Advantage believes that the Odd Lot Program will be beneficial to Odd Lot Holders as it is a voluntary program allowing tendering Odd Lot Holders to dispose of their common shares without incurring prohibitive brokerage and other fees. Further, if the Odd Lot Program is successful in significantly reducing the number of Odd Lot Holders, Advantage believes that both Advantage and its securityholders will benefit from the cost-savings respecting annual mailings and other securityholder communications as a result of a reduced number of shareholders.

The Odd Lot Program will be open to Odd Lot Holders of record as of March 20, 2018. Information about the Odd Lot Program and participation documents will be mailed to those Odd Lot Holders. Advantage has retained Computershare Investor Services Inc. ("Computershare") to manage the Odd Lot Program. Questions regarding the Odd Lot Program should be directed to Computershare toll free at 1-800-564-6253.

As of March 20, 2018, approximately 0.1% of the common shares are held by Odd Lot Holders. Any common shares purchased by Advantage under the Odd Lot Program will be cancelled.
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Alyssa Alyssa 6 years ago
Nope, you're not missing a thing! Stock is simply undervalued. Price target just raised to $6.50 by CBIC World Markets.
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JB_hubmember JB_hubmember 6 years ago
I was right about nat gas bottom. The aav earnings report looked good. rev up. earnings up. as soon as I become inpatient and sell some this will take off. may need wing of bat and eye of newt of something. Am I missing something?
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JB_hubmember JB_hubmember 6 years ago
Nat Gas bottomed Feb 15th... Investing Advisors just announced purchasing more than 5%.... No other insight... but I am in. No guarantees
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Alyssa Alyssa 6 years ago
Do it! I did at these bargain prices and will now just sit quietly and wait for the share price to travel onward and upward!
:)
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flinthill1077 flinthill1077 6 years ago
Trying to decide to buy in ....
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PrivateCitizen PrivateCitizen 6 years ago
This is behind the move here it should move up soon
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Timothy Smith Timothy Smith 8 years ago
AAV said earlier this week that its total production rose 68% Y/Y 35K boe/day during Q2, with plans to begin drilling 13 new wells this month.
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$Pistol Pete$ $Pistol Pete$ 8 years ago
$AAV Daily and Weekly Charts For Review



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Timothy Smith Timothy Smith 9 years ago
Advantage Oil & Gas (NYSE:AAV): Q1 FFO of $0.18.

Revenue (incl. realized hedging) of $40M (-27.6% Y/Y)
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Khalead Nash Khalead Nash 11 years ago
Hopefully this stays strong tomorrow.
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Penny Roger$ Penny Roger$ 11 years ago
~ $AAV ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$AAV has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "AAV" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "AAV": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=AAV ~
Search Ihub for "AAV" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AAV ~


For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


c
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Brimstone127 Brimstone127 11 years ago
AAV - bought it and holding...
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tony3 tony3 12 years ago
Getting ready to be bought!!!!!!!




http://finance.yahoo.com/news/advantage-announces-non-core-asset-221200159.html
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eighty eighty 12 years ago
http://www.cbsnews.com/8301-505123_162-57384014/us-recovery-fueled-by-record-low-natural-gas-prices/
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ChartPoP ChartPoP 12 years ago
Chart looks really good imo
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Wambulance Wambulance 12 years ago
Agreed
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Underdog Underdog 12 years ago
Looks good for A bounce soon.
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Lolz Lolz 12 years ago
lol, nice board. This is 4th post this year.
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dealorfx dealorfx 13 years ago
AAV selling way below book value $7.80/share leaving wide open

for a takeover target imo
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dealorfx dealorfx 13 years ago
looks like AAV could do a good point here to the 55ma

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sdy sdy 13 years ago
Nice churning here on the 15 min chart at 7.82. Next major resistance looks like 8.00 then 10.00
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mountain mountain 14 years ago
production is up, new buys coming in
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omega777 omega777 14 years ago
AAV very undervalued
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omega777 omega777 15 years ago
AAV having a good day today
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Screamer Screamer 15 years ago
It's nice to make some money for a change.
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shortsinthesand shortsinthesand 15 years ago
Hi Screamer... They keep cutting their dividend and down it goes more and more! Should be a bounce here soon I would think? It just keeps going down day after day after day. One month straight of down days. real ugly here. I was stopped out ay 3.5 and now am out completely.

If your interested in the only good Canroy left IMHO than PWE is my pick. They have maintained their dividend and are doing pretty good. Until oil and gas recovers I don't think much will happen with the Canroys and if they keep cutting divy's then they will continue to go down.

~Shorts
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Screamer Screamer 15 years ago
Been out of this for a while and haven't been following it.

Why the freefall?
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shortsinthesand shortsinthesand 15 years ago
Its now official...16 DAYS IN A ROW down....

*Special Bulliton NEWS FLASH*

Senate hearings complete!

THE SKY IS FALLING!

~SHORTS----rule!
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shortsinthesand shortsinthesand 15 years ago
Ouch UNCLE!
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shortsinthesand shortsinthesand 15 years ago
WOW this is the longest streek of RED days I have seen with this stock. It's like its a sub prime mortgage going bankrupt rather than an oil and gas stock...

Either this is a great buy or there is definatly something wrong with this picture?

shorts
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shortsinthesand shortsinthesand 15 years ago
looks like a good buying opp here!

shorts
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shortsinthesand shortsinthesand 15 years ago
nice up day today!

shorts
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shortsinthesand shortsinthesand 15 years ago
U.S. Stocks Slide in Dow Average’s Worst Inauguration Day Drop

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOYw.awwsNSg&refer=worldwide

Jan. 20 (Bloomberg) -- U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low.

State Street Corp., the largest money manager for institutions, tumbled 59 percent after unrealized bond losses almost doubled. Wells Fargo & Co. and Bank of America Corp. slumped more than 23 percent on an analyst’s prediction that they’ll need to take steps to shore up their balance sheets. The Dow’s 4 percent slide was the most on an Inauguration Day in the measure’s 112-year history, according to data compiled by Bloomberg and the Stock Trader’s Almanac.

“All the banks are going to have to recapitalize,” said Greg Woodard, portfolio strategist at Manning & Napier Advisors Inc., which manages $16 billion in Fairport, New York. “That’s not done. That’s in front of them, and we don’t want to try to get in front of that trade.”

The S&P 500 plunged 5.3 percent to 805.22. The S&P 500 Financials Index fell 17 percent to below its lowest closing level since March 1995 as concern European banks need more capital also weighed on the group. The Dow average slid 332.13 points to 7,949.09. Both the Dow and S&P 500 retreated to two- month lows.

The S&P 500 is off to its worst start to a year, shattering the biggest rally since World War II, as analysts cut earnings estimates by a record 83 percentage points and companies signal worse to come.

The S&P 500 is down 11 percent in the first 12 trading days of 2009, exceeding last year’s 9.2 percent drop, according to data compiled by Bloomberg going back to 1928. The decline helped erase more than two-thirds of a 24 percent rally since Nov. 20 as optimism that government spending would revive the economy evaporated.

‘Effectively Insolvent’

U.S. financial losses from the credit crisis may reach $3.6 trillion, according to New York University Professor Nouriel Roubini, who predicted last year’s economic and stock-market meltdowns.

“If that’s true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion,” Roubini said at a conference in Dubai today. “This is a systemic banking crisis.”

Europe’s Dow Jones Stoxx 600 Index retreated 2.1 percent today, led by banks and technology companies. It fell almost 2 percent yesterday after Royal Bank of Scotland Group Plc forecast the biggest-ever loss by a U.K. company. The MSCI Asia Pacific Index retreated 2.1 percent today.

Obama Sworn In

Barack Obama became the 44th U.S. president today, inheriting the most severe economic crisis since Franklin D. Roosevelt was sworn in 76 years ago. The turmoil has dragged the world’s largest economies into recession, caused more than $1 trillion of losses at financial institutions and prompted a sell-off in global stock markets.

Treasuries fell for a second day on speculation Obama will sell record amounts of debt to battle the recession. The dollar strengthened for a second day against the euro.

State Street lost $21.46 to $14.89 for the biggest drop in the S&P 500 and the stock’s steepest tumble since at least 1984. Unrealized losses on fixed-income investments rose to $6.3 billion at Dec. 31 from $3.3 billion at Sept. 30, the company said. Unrealized losses on assets held in conduits increased to $3.6 billion from $2.2 billion.

Bank of New York Mellon Corp., the world’s largest custodian of financial assets, fell 17 percent to $19, its lowest closing price since 1997.

Financials Tumble

Financial companies posted the biggest drop among the S&P 500’s 10 main industry groups as all 81 shares fell.

Wells Fargo, the largest bank on the U.S. West Coast, slid 24 percent to $14.23. Friedman Billings Ramsey Group Inc. analyst Paul Miller lowered his earnings estimates and price target, in addition to predicting a dividend cut.

Bank of America, the biggest U.S. lender by assets, fell the most in the Dow average, sliding 29 percent to $5.10. FBR’s Miller estimated Bank of America needs at least $80 billion of additional capital.

“You don’t want to be anywhere close to these common stocks because you don’t know how much new stock is going to be issued,” said Wayne Wilbanks, who oversees $1.1 billion as chief investment officer at Wilbanks Smith & Thomas in Norfolk, Virginia. “If one wants to invest in this space I would focus almost exclusively on the preferred shares,” he said, because that’s the same type of stock the government is purchasing.

The U.S. government has taken preferred equity stakes in at least 257 banks including Bank of America, Wells Fargo, Bank of New York and State Street since October under its Troubled Asset Relief Program aimed at stabilizing the banking system.

‘Aggregator’ Bank

Regions Financial Corp. fell 24 percent to an almost 24- year low of $4.60 after reporting a record fourth-quarter loss. JPMorgan Chase & Co. lost 21 percent to $18.09, the lowest since October 2002.

Obama’s advisers are considering options for dealing with troubled assets still clogging banks’ balance sheets, according to people familiar with the matter. Among alternatives: setting up a government-backed “bad” or “aggregator” bank to hold the securities, or leaving the assets on banks’ books and providing a government guarantee.

‘Atmosphere of Cynicism’

“The risk of investing in financials remains relatively high,” said Alan Gayle, senior investment strategist at RidgeWorth Capital Management in Richmond, Virginia. “There’s an atmosphere of cynicism and disbelief with regard to a lot of these turnaround stories.” RidgeWorth manages $70 billion.

Polo Ralph Lauren Corp. slid 9.4 percent to $37.25. Goldman Sachs advised selling the designer of the U.S. Olympics team’s official uniform as consumer spending shifts from “aspirational to desperational.”

Alcoa Inc., the largest U.S. aluminum producer, sank 11 percent to $8.35. Aluminum declined for the seventh straight day in London on speculation that demand will weaken as the housing slump worsens.

To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net.

Last Updated: January 20, 2009 16:47 EST
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shortsinthesand shortsinthesand 15 years ago
Oil falls below $34 ahead of Feb contract expiry

http://news.yahoo.com/s/ap/20090120/ap_on_bi_ge/oil_prices

SINGAPORE – Oil prices fell below $34 a barrel Tuesday in Asia as traders sold the expiring front-month Nymex contract due to a lack of space at a key U.S. storage facility.

Light, sweet crude for February delivery was down 65 cents at $33.90 a barrel by late afternoon in Singapore in electronic trading on the New York Mercantile Exchange. The contract, which expires on Tuesday, fell $1.96 overnight to settle at $34.55.

The February contract has fallen about a third in two weeks, in part because burgeoning supplies in Cushing, Oklahoma, the delivery point for the Nymex contract, have left traders with little space to store crude, forcing them to sell.

Traders say some oil firms are storing crude on rented tankers.

"There's too much oil in the world right now, and that oil is trying to find a home," said Stephen Corry, head of investment strategy for Merrill Lynch in Hong Kong. "We're finding surplus oil is being put in tankers ... and the price of future contracts is higher in order to offset the storage cost."

Investors have turned their attention to the March Nymex contract, which is trading at $40.32 a barrel, and the March Brent, which is at $43.86 a barrel on the ICE Futures exchange in London.

"The true price of crude today is somewhere between $40-$45 a barrel," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore.

The oil market was closed in the U.S. on Monday for Martin Luther King Jr. Day.

Weighing on all the contracts is a severe recession in developed countries and a slump in global oil demand. Hundreds of U.S. companies report fourth quarter earnings this week, and investors are fearing the results could show the economic slowdown is deepening.

"The global economy remains the driver of oil so there's a lot of downward pressure," Shum said.

Goldman Sachs said Monday the price of oil could fall below $30 a barrel in the short-term before rising to $65 in the fourth quarter.

Investors will also be eyeing the inauguration of President-elect Barack Obama on Tuesday for any hints regarding the government's economic and energy policies.

In other Nymex trading, gasoline futures fell to $1.12 a gallon. Heating oil dropped to $1.41 a gallon while natural gas for February delivery slid to $4.69 per 1,000 cubic feet.
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shortsinthesand shortsinthesand 15 years ago
Oil up after falling to near $36 on weak US demand
Thursday January 15, 6:45 am ET
By Pablo Gorondi, Associated Press Writer
Oil rebounds after falling to near $36 as crude stocks, retail sales point to weak US demand

Oil prices were up slightly Thursday after slumping to near $36 a barrel in a volatile market as rising crude inventories and falling retail sales in the U.S. provided investors with further evidence of faltering consumer demand.

By midday in Europe, light, sweet crude for February delivery was up 65 cents to $37.93 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the Nymex contract fell to $36.13 before rebounding.

The contract fell 50 cents overnight to settle at $37.28. Prices have fallen 27 percent since last week and analysts say they may test a five-year low reached last month of $33.87 a barrel.

The volatile swing in prices was partly due to the fact that February contracts expire Thursday for Brent crude and next Tuesday on the Nymex, with trading in New York closed Monday due to a holiday.

U.S. oil inventories have been rising for months, proof the current recession is biting into demand for crude products. The Energy Department's Energy Information Administration said Wednesday that crude inventories grew by 1.2 million barrels for the week ended Friday after jumping 6.7 million barrels the previous week.

Gasoline inventories rose by 2.1 million barrels and distillates increased by 6.4 million barrels.

"It just points to the doom and gloom in the American economy," said Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney.

Investors were also dismayed by bad retail numbers. The Commerce Department reported Wednesday that retail sales dropped 2.7 percent last month, more than double the 1.2 percent decline that analysts expected.

The Dow Jones industrial average, which oil traders monitor as a barometer of investor sentiment about the U.S. economy's prospects, fell 2.9 percent on Wednesday.

Investors remain optimistic the price of oil will rise later in the year, as the Organization of Petroleum Exporting Countries continues to implement 4.2 million of output cuts announced since September.

The May contract trades at $50.48 a barrel.

"OPEC is cutting and that should start impacting inventories," Rigby said. "Economies will start turning around, and I think demand is bottoming out."

In London, the February Brent crude contract rose $1.98 to $47.06 a barrel on the ICE Futures exchange.

In other Nymex trading, gasoline futures rose 1.23 cents to $1.18 a gallon. Heating oil gained 2.29 cents to $1.486 a gallon while natural gas for February delivery was steady at $4.97 per 1,000 cubic feet.

Associated Press writer Alex Kennedy in Singapore contributed to this report.
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shortsinthesand shortsinthesand 15 years ago
Oil rises to near $39 after Bernanke says spending package could boost US economy

http://biz.yahoo.com/ap/090114/oil_prices.html

VIENNA, Austria (AP) -- Oil prices rose to near $39 a barrel Wednesday after Federal Reserve Chairman Ben Bernanke said a fiscal package could help revitalize the ailing U.S. economy and suggested more stimulus measures might be needed.
Projections of lower output by Saudi Arabia -- OPEC's main producer -- also lifted prices.

Light, sweet crude for February delivery was up $1.11 to $38.89 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange after trading as high as $39.45. The contract rose overnight 19 cents to settle at $37.78.

Bernanke said Tuesday that a $700 billion financial rescue program being discussed by Congress was needed to combat the worst financial crisis to hit the U.S. and the global economy since the 1930s.

He said the stimulus package "could provide a significant boost to economic activity," and that "more capital injections and guarantees may become necessary."

The comments helped boost oil prices Tuesday, with markets still enjoying some momentum Wednesday.

"You're seeing a reaction to Bernanke's comments and an illiquid market retrace toward $40," said Jonathan Kornafel, Asia director for market maker Hudson Capital Energy in Singapore.

Meanwhile, Saudi Oil Minister Ali Naimi said Tuesday that oil output for February would fall below its target of 8.05 million barrels a day, bringing market attention back to OPEC's strenuous attempts to keep crude prices from slumping further.

Continued tensions between Russia's Gazprom and the Ukraine's Naftogaz -- and the failure to restart oil flow to Europe -- also boosted crude.

Prices have fallen from as high as $50.47 last week on increased investor concern that a slowing global economy will hurt crude demand.

Investors will be watching for signs of slowing U.S. demand in the weekly oil inventories report to be released Wednesday by the U.S. Energy Department's Energy Information Administration.

The report is expected to show that oil stocks rose 3 million barrels last week, according to the average of estimates in a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. The department said in last week's report that oil stocks jumped 6.7 million barrels the previous week.

The Platts survey also projects that gasoline inventories increased 1.8 million barrels and distillates gained 1.7 million barrels last week.

Investors are anticipating crude demand may recover, based on the prices of monthly contracts later this year. The May contract, for example, trades at $50.88 a barrel.

"You're seeing the full weight of the demand destruction pulling the front-month February contract lower while any stimulus would have more of an effect further out," Kornafel said.

In other Nymex trading, gasoline futures and natural gas for February delivery stayed steady at $1.15 a gallon and $5.19 per 1,000 cubic feet. Heating oil gained 1 cent to $1.53 a gallon.

In London, February Brent crude rose 88 cents to $45.71 a barrel on the ICE Futures exchange.
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shortsinthesand shortsinthesand 15 years ago
hard to believe the world slow down is still dragging oil down when North America and Europe are getting hammered with one of the coldest winters in years.

If this was normal it would definatly be bullish for oil. Still think this stock is very undervalued and the dividend is over 20% here! I keep adding evey chance I get!
======================================================
Sharp cold wave shocks upper Midwest, temps to -36

http://news.yahoo.com/s/ap/20090113/ap_on_re_us/snowstorm


BISMARCK, N.D. – Residents of the upper Midwest bundled up or just stayed inside Tuesday as a wave of bitterly cold air barreled south out of the Arctic, following on the heels of a fast-moving blizzard.

Some schools closed because of the cold and temperatures hit the single digits as far south as Kansas and Missouri.

The coldest air spilled across the Canadian prairie into the Dakotas and Minnesota. Grand Forks, N.D., dropped to a record low of 37 degrees below zero Tuesday morning, lopping six degrees off the old record set in 1979, the National Weather Service said.

In northern Minnesota, it was 35 below zero in Roseau and 36 below in Hallock, with wind chills down to 45 below in Hibbing. Just to the north, Winnipeg, Saskatchewan, also hit minus 36, according to Environment Canada.

Wind chill warnings were posted for much of Wisconsin, South Dakota, Iowa and Minnesota.

Dozens of Iowa schools were closed or opened late and travel was not recommended across much of the northern part of the state because of the combination of the cold — minus 14 in Mason City with a wind chill of 37 below — and the 2 to 4 inches of windblown snow the storm delivered Monday.

In North Dakota, the Minot area got 6 inches of snow, on top of about a foot that fell late last week, and Bismarck collected 4. Bismarck, Fargo and Grand Forks all broke snow records for December, each with more than 30 inches.

"It's like a sea of whiteness; people can't see the road," said Rebecca Arndt, a spokeswoman for the Minnesota Department of Transportation in Mankato. "When the white fluffy stuff starts to blow, it is not pretty."

The leading edge of the cold air was expected to strike the Northeast, mid-Atlantic and South late Tuesday and Wednesday. And meteorologists warned that a second wave could drop temperatures into the single digits Friday in the mid-Atlantic region.

What was left of that snowstorm was blowing eastward along the Great Lakes,

The weather service posted winter storm warnings Tuesday for parts of Michigan, northern Indiana and Ohio's northwest corner, saying they should be ready for plunging temperatures and wind gusting up to 40 mph.

Up to 11 inches of new snow was possible in Detroit. More than an inch of snow had fallen Tuesday morning, make streets slippery for the rush hour.

In Grand Rapids, Michigan's second-largest city, The Grand Rapids Press reported police and fire crews would visit spots frequented by the homeless, such as highway underpasses, and urge them to go to a shelter.

"We don't want anyone in jeopardy," said Grand Rapids police Lt. Ralph Mason. "We're going to find a way to help."

Airlines had canceled more than 300 flights from Chicago's two airports in expectation of blizzard conditions Tuesday, Chicago Aviation Department spokesman Gregg Cunningham said. However, the weather service lifted blizzard warnings early Tuesday as the snow moved eastward.

Indiana police reported numerous crashes on slippery highways, including a truck that overturned and spilled 43,000 pounds of cheese, closing a busy highway ramp for eight hours during the night in the Gary area.

Many stretches of northwestern Indiana highways were snow-covered, icy and hazardous, said State Police Sgt. Ann Wojas.
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shortsinthesand shortsinthesand 15 years ago
guess not?

Oil falls below $39 as investors eye US earnings
Monday January 12, 6:49 am ET
By Jake Neubacher, Associated Press Writer
Oil falls below $39 as investors look to US earnings for clues on crude demand

http://biz.yahoo.com/ap/090112/oil_prices.html


VIENNA, Austria (AP) -- Oil prices fell Monday on concerns over global economic growth, with key U.S. corporate earnings results expected to give a new reading on crude demand in the world's largest consuming nation.

Economic worries outweighed factors that would normally boost the market -- Mideast tensions, signs that OPEC was implementing large-scale production cuts and the Gazprom-Ukraine gas dispute.

Light, sweet crude for February delivery was down $2.03 to $38.80 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange. The contract on Friday fell 87 cents to settle at $40.83.

Steel producer Alcoa, chip maker Intel and biotech company Genentech are expected to report fourth quarter results this week, providing investors with a gauge of how deep the current recession may be.

"Given that we're likely to see quite a few rather poor fourth quarter earnings reports, downward pressure will continue to be exerted on oil," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore. "Worries about the macroeconomic outlook will continue to constrain oil."

Although still far away from their Dec. 19 closing of $33.87, oil prices fell 17 percent last week, weighed by fears that rising U.S. unemployment will undermine crude demand.

The Labor Department said Friday that employers slashed 524,000 jobs in December and 2.6 million jobs for all of 2008. The nation's unemployment rate jumped to 7.2 percent, the highest since 1993.

"It seems that demand worries continue to dominate market psychology and not even the tensions in the Middle East, OPEC production cuts or the gas row between Russia and Ukraine were able to pull up prices." said Vienna's JBC Energy in a research note.

Still, those bearish factors were expected to keep further price erosion in check.

"We have these other factors that will support oil," Shum said. "Most likely, we won't see a big downward spiral despite the poor earnings reports."

Prices of futures contracts for later this year suggest investors expect oil to recover. The March contract trades near $46 a barrel while the April contract trades above $49.

"The expectation is that pricing will regain strength, and it's not a question of if but when," Shum said.

In other Nymex trading, gasoline and heating oil futures slid by more than 3 cents to $1.08 and $1.45 a gallon, while natural gas for February delivery remained steady at $5.52 per 1,000 cubic feet.

In London, February Brent crude fell $1.86 to $42.56 a barrel on the ICE Futures exchange.
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shortsinthesand shortsinthesand 15 years ago
Oil seems to be leveling at 40? The jobs and economy thought seem to be pointing to continued decline so far in 2009! The divy on this at these current prices is 20% and AAV is hedged out for the next 12 months so I see relative safety in the dividend?

Looking for a nice week.

shorts
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shortsinthesand shortsinthesand 15 years ago
Nice January run here... Too bad it took a war to get oil prices headed higher though...

Shorts
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shortsinthesand shortsinthesand 15 years ago
nice trading yesterday !eom
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shortsinthesand shortsinthesand 15 years ago
Nice start to the New year! Picked some up here last week!

SantaShorts
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