zman’s Energy Brain

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Perfect Storm Tuesday

Posted by zmann on October 3, 2006

JP Morgan wacked the offshore drillers this morning (must have been looking over my shoulder last night as I was writing that Jackup rates are peaking). Then Merrill cuts the energy sector to underperform. Then COP says it will miss on top line, and that worldwide refining margins will down significantly. Can you say perfect storm?

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