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Noticeable Drop in Credit Risk Levels for Corporates; though Some Companies Still a Concern, says New S&P Capital IQ Report

Credit Market Pulse leverages S&P Capital IQ Data and Analytics to enhance Financial Professionals’ Understanding of Credit Risk

NEW YORK and LONDON, Nov. 20, 2013, In a new, bi-monthly research publication aimed at credit risk professionals and launched today, S&P Capital IQ confirms that risk levels as a whole have dropped off in the last year, although certain industries and regions remain higher risk areas.  These and other findings may be found in Credit Market Pulse, a six-page research note designed for credit risk analysts, investment managers and others concerned with credit exposures, seeking deeper understanding of the risks and opportunities underlying their investment or lending decisions, or looking to compare how their portfolios perform against the market.  To view a copy of Credit Market Pulse’s inaugural issue, please click here or visit www.spcapitaliq-credit.com/credit-market-pulse-november-2013.

Each issue of Credit Market Pulse offers a broad overview of the health and credit trends within the global capital markets, leveraging the extensive analytical intelligence and depth of S&P Capital IQ. The current issue, for example, also illustrates how several companies and industries with significant risk profiles are topping the charts for highest probability of default (PD) and credit deteriorations.

“Industry and country benchmarks for credit risk are sought after by the entire credit risk community and everybody knows that existing credit indices, that are based on CDS data, do not reflect the whole market sentiment and are often just the tip of the iceberg,” says Marcel Heinrichs, Director, Market Development, S&P Capital IQ. “We hope Credit Market Pulse, which leverages credit risk indicators from 30 times more companies than exist in the liquid CDS market, will become an important new benchmark for credit risk officers, investment managers, the debt capital market community, corporations and others looking to bring additional credit risk metrics and forecasting capabilities into their financial decision making.”

Thomas Yagel, Director, Credit Market Development, S&P Capital IQ adds, “S&P Capital IQ is uniquely suited to produce in-depth credit analysis that looks at global and local trends. With our world-renowned S&P Capital IQ fundamentals data, cutting-edge analytical risk models and in-depth sources for news, research and key developments we are especially able to meet this requirement.”

At the core of Credit Market Pulse is S&P Capital IQ’s proprietary probability of default (PD) model, ‘Market Signals’, a unique analytical model which provides daily changing forward looking PDs of publicly listed companies based on a cutting-edge econometric framework.  In addition, this model generates more than 37,000 company-specific PDs every day, covering more than 99% of global market capitalization across developed economies, frontier and emerging markets.

The first issue of Credit Market Pulse has three sections, providing different views of credit risk. These include the quarterly evolution of the median PD of companies aggregated in different geographical regions; monthly evolution of the credit risk for constituents of the S&P 500 equity index and its various industry sub-indices and, finally, PD tables of individual companies that merit special attention.  Customized searches similar to those presented in the report can be run for interested media using the data in Credit Market Pulse.

To subscribe to Credit Market Pulse, visit www.spcapitaliq-credit.com/creditmarketpulse.

Media Contacts:

Michael Privitera
S&P Capital IQ Communications
+1 212-438-6679
michael.privitera@spcapitaliq.com

Eleanor Childs
S&P Capital IQ Communications
+44 (0)20 7176 6754
eleanor.childs@spcapitaliq.com

About S&P Capital IQ

S&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities  around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need. For more information visit: www.spcapitaliq.com.

S&P Capital IQ, as well as its affiliates, directors, officers shareholders, employees or agents (S&P Capital IQ) are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for any results obtained from the use of the Content described herein, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P Capital IQ and its affiliates DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.

SOURCE:

S&P Capital IQ

 

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ETRE Financial Launches Real Time Platform for Commercial Real Estate

Enables Trading of Shares of Individual Commercial Real Estate Assets and Improves Transparency of the Overall REIT Market

NEW YORK, Oct. 23, 2013, ETRE Financial, LLC (“ETRE”), a real estate financial services and technology company, today announced the launch of a first-of-its-kind exchange-traded real estate platform for investing in shares of individual commercial real estate assets and portfolio REITs listed on national exchanges. The ETRE platform incorporates capital advisory, asset management, trading and credit analysis to provide an end-to-end solution for liquid, transparent and accessible real estate investing and information analysis.

ETRE seeks to broaden the investment opportunity in commercial real estate through creation of the Electronic Traded Property (“ETP”) and through a new process for investing in individual commercial real estate assets. To facilitate investment in individual commercial assets, ETRE has introduced mark-to-market technology for ETP and REIT equity shares that innovates mark-to-market simultaneous pricing in price per share, price per square foot, price per unit, and price per key in real time.

“ETRE is the next evolutionary step in real estate investing,” said Paul Frischer, ETRE’s co-founder and Chief Executive Officer. “Building on the established framework of REIT equities and the benefits of underlying pooled real estate assets, investors in the public market have sought the opportunity to have access to individual commercial real estate properties as part of their portfolios. ETRE has filled this market demand through the introduction of Electronic Traded Properties, leading the way to listing and trading of single property REITs on national exchanges.”

ETRE’s proprietary trading platform and advisory services provide a complete order management system with an extensive collection of trade and market information to support superior analytics and trading for ETPs and portfolio REITs. The platform runs in a cloud environment that is available to institutional investors, traders, property owners, brokers, financial advisors and individual investors globally as a secure internet browser-based system.

“The ETRE platform delivers unprecedented transparency into publicly-traded real estate in real-time metrics for both equity and real estate investors,” said Jesse Stein, ETRE’s co-founder and Executive Managing Director. “The platform provides investors with the ability to create their own diversified real estate portfolios and allocate investments based on geographic, asset type, and yield criteria. The ETRE advisory service builds on these key factors to support owners and investors seeking to list individual commercial real estate assets on national exchanges.”

To learn more about ETRE advisory services or to register for a trial demo of the ETRE Trader OMS platform, please visit www.etrefinancial.com.

About ETRE Financial
ETRE Financial, a real estate financial technology company, was founded in 2012 by a team of real estate professionals who sought to bring the benefits of the equities market – including liquidity, transparency and investor accessibility – to the commercial real estate market. ETRE encompasses capital advisory, asset management, trading and credit analysis systems to provide an end-to-end solution for liquid, transparent and accessible real estate investing in publicly-traded REITs and exchange-listed single asset commercial real estate properties. To learn more, please visit www.etrefinancial.com.

Media Contacts:

Konstantin Shishkin
212.445.8462
kshishkin@webershandwick.com

David Brodnick 
212.445.8018
dbrodnick@webershandwick.com

SOURCE:

ETRE Financial, LLC
http://www.etrefinancial.com

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Capstone Financial Group, Inc. (CAPP) Announces Forward Stock Split

IRVINE, Calif., Sept. 19, 2013, Capstone Financial Group, Inc. (OTCBB: CAPP) (“Capstone”), an investment and merchant banking group, today announced a twenty-for-one forward stock split of its issued and outstanding common stock (the “forward split”). Following the forward split, each share of Capstone’s common stock outstanding will represent 20 shares of common stock on a post-split basis.

On the record date of September 23, 2013, Capstone’s common stock will begin trading on a post-split adjusted basis. Capstone Financial Group, Inc.’s ticker symbol of “CAPP” will remain unchanged as a result of the forward split; however, the effectiveness of the forward stock split is subject to approval by FINRA.

“We are pleased to announce the implementation of our forward split which we expect to encourage more liquidity in our stock trading. This puts our company on target to add and maximize shareholder value,” said Darin Pastor, Chairman and Chief Executive Officer.

Shareholders holding common stock will not be required to take any action and each share of common stock outstanding prior to the effective time of the split will thereafter represent the number of shares of common stock, on an adjusted post-split basis, following the effective time of the split. Shares of common stock held in brokerage accounts should also be credited with the split amount without further action. The forward split will increase the number of issued and outstanding shares to 90,200,000. For more information, brokerage customers should contact their brokerage representative.

Pastor and George Schneider, President and Chief Investment Officer, also announced this week that Capstone advised and funded through direct investment the current financial needs of Instant-BioScan (http://www.ibioscan.com/), a Tucson-based manufacturer of real-time microbial systems for water. Additionally, Capstone cemented the exclusive rights to advise and raise $221,000,000 through a bond offering for a large multinational corporation within the health, wellness, and nutritional supplement industry. The firm expects this transaction to close in mid-October.

About Capstone Financial Group, Inc.
Capstone Financial Group, Inc. (CAPP) is an exclusive investment and merchant banking group headquartered in Irvine, Calif. Founded in 2013 by Chairman and Chief Executive Officer Darin Pastor, the company includes wholly-owned subsidiaries Capstone Investment Banking, Capstone Merchant Banking, and Capstone Affluent Strategies. The firm’s executive management team consists of leaders who have more than 100 collective years of experience in wealth management and investment banking, with a surgical understanding of clean technology and industrial growth, capital raising services concerning municipal government interests, and private placements and public offerings of corporate debt and corporate equity. For more information, visit www.capstonefinancialgroupinc.com.

Forward-Looking Statements
Statements in this press release relating to Capstone Financial Group, Inc.’s future plans, expectations, beliefs, intentions and prospects are “forward-looking statements” and are subject to material risks and uncertainties. When used in this press release, the words “will,” “future,” “expect,” “look forward to,” similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Capstone Financial Group, Inc. that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of September 19, 2013. Capstone Financial Group, Inc. undertakes no duty to update any statement in light of new information or future events.

 

SOURCE:

Capstone Financial Group, Inc.

http://www.capstonefinancialgroupinc.com

 

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Fla.’s Housing Market Continues Positive Trends in 2Q 2013

ORLANDO, Fla., Aug. 8, 2013, Florida’s housing market gained strength in second quarter 2013 with more closed sales, higher median prices, more pending sales and a shrinking supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®.

“Data from the second quarter of 2013 shows that Florida’s housing market is continuing to improve and the growth is boosting the state’s economic recovery,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “We are experiencing an extended run of year-over-year gains in existing home sales (18 months as of June) and Realtors across the state are reporting increased activity in their markets. At 7.1 percent, Florida currently has a lower unemployment rate than the nation. As more jobs are created, it’s providing a stable foundation for future growth in the state’s housing market.”

Statewide closed sales of existing single-family homes totaled 63,173 in 2Q 2013, up 14.7 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

Meanwhile, pending sales – contracts that are signed but not yet completed or closed – for existing single-family homes rose 28.5 percent in the second quarter compared to the 2Q 2012 figure. The statewide median sales price for single-family existing homes in 2Q 2013 was $170,000, up 14.1 percent from the same quarter a year ago.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Looking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 31,829 units sold statewide in the second quarter, up 7.9 percent from the same three-month period in 2012. Pending sales for townhouse-condos in 2Q 2013 increased 18.8 percent compared to a year ago, while the statewide median for townhouse-condo properties was $129,000, up 16.7 percent over the same quarter last year.

In 2Q 2013, the median days on market (the midpoint of the number of days it took for a property to sell that month) was 51 days for single-family homes and 57 days for townhouse-condo properties.

The inventory for single-family homes stood at a 5-months’ supply for the second quarter; inventory for townhouse-condos was at a 5.2-months’ supply for the same period, according to Florida Realtors.

Florida Realtors Chief Economist Dr. John Tuccillo said, “For those who have been following the Florida real estate market, there’s not much new in these numbers. The market continues its gradual improvement and return to stability. While investors have been the major driving force in the market, we are beginning to see more owner-occupants enter the market. This is an encouraging sign.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.69 percent for 2Q 2013, down from the previous year’s average of 3.80 percent, according to Freddie Mac.

To see the full statewide housing activity reports, go to Florida Realtors Media Center at http://media.floridarealtors.org/ and look under Latest Releases, or download the 2Q 2013 data report PDFs under Market Data at: http://media.floridarealtors.org/market-data

Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 118,000 members in 63 boards/associations. Florida Realtors® Media Center website is available at http://media.floridarealtors.org.

SOURCE:

Florida Realtors

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CD Rates Pause As 10-year Treasury Note Yield Retreats From 2013 Highs

TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, July 23, 2013, RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national averages generally remained unchanged at record-low levels.

Movements in CD rates have paused as the 10-year Treasury Note yield has slightly retreated from 2013 highs and after Federal Reserve Chairman Ben Bernanke offered no major surprises in his testimonies to Congress.

“With banks showing little appetite to shift CD rates in the near term, and a typically slow August approaching, the next month could remain quiet for savers seeking an increase in CD rates,” reported Joe Deaux, TheStreet’s Economist.

NATIONAL AVERAGE RESULTS – $10K

This week Last week
Money Market 0.11 0.11
1 month CD 0.06 0.06
3 month CD 0.09 0.09
6 month CD 0.15 0.15
1 year CD 0.23 0.23
2 year CD 0.37 0.37
3 year CD 0.50 0.50
4 year CD 0.62 0.62
5 year CD 0.81 0.81

TOP RATE ISSUERS – $10K
This is a list of issuers with top interest rates. The issuer’s Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with “A” representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx.  Information is believed to be accurate, but not guaranteed.

Money Market Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.260
504-671-3550
http://www.firstnbcbank.com
Doral Bank D- 5000 0.940
212-584-6820
http://www.doralbankny.com
Sallie Mae Bank A- 1 0.900
801-281-1423
http://www.salliemaebank.com
Mercantil Commercebank, National Association C 10000 0.900
305-460-8701
http://www.mercantilcb.com
Ally Bank B+ 1 0.840
877-247-2559
www.ally.com
1 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Carter Bank & Trust C+ 2500 0.500
276-632-2901
http://www.carterbankandtrust.com
Beal Bank USA B- 1000 0.400
702-598-3500
http://www.bealbank.com
Umbrellabank.com C 1000 0.400
866-862-7355
http://www.umbrellabank.com
Beal Bank, SSB C 1000 0.400
469-467-5000
www.bealbank.com
Merchants Bank of Indiana A- 1 0.350
317-805-4300
http://www.merchantsbankofindiana.com
3 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Beal Bank USA B- 1000 0.510
702-598-3500
http://www.bealbank.com
Umbrellabank.com C 1000 0.510
866-862-7355
http://www.umbrellabank.com
Institution for Savings In Newburyport B 1 0.500
978-462-3106
http://www.institutionforsavings.com
Doral Bank D- 500 0.500
850-914-2525
http://www.doralbankflorida.com
FirstBank Florida D+ 1000 0.500
305-740-9522
http://www.firstbankfla.com
6 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.000
212-584-6820
http://www.doralbankny.com
CapitalSource Bank B+ 10000 0.800
888-433-4272
http://www.capitalsourcebank.com
Beal Bank USA B- 1000 0.750
702-598-3500
http://www.bealbank.com
Discover Bank C+ 2500 0.650
888-765-6654
http://www.discoverbank.com
VirtualBank B- 10000 0.650
561-776-8860
http://www.virtualbank.com
1 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.200
212-584-6820
http://www.doralbankny.com
Beal Bank USA B- 1000 1.110
786-347-3601
http://www.bealbank.com
CapitalSource Bank B+ 10000 1.010
888-433-4272
http://www.capitalsourcebank.com
Nationwide Bank B+ 10000 0.960
614-249-6226
http://www.nationwide.com
Ally Bank B+ 1 0.940
877-247-2559
www.ally.com
2 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.450
212-584-6820
http://www.doralbankny.com
Emigrant Bank C+ 1000 1.150
212-850-4521
http://www.emigrant.com
First Republic Bank B+ 5000 1.150
415-392-1400
http://www.firstrepublic.com
CapitalSource Bank B+ 10000 1.150
888-433-4272
http://www.capitalsourcebank.com
Nationwide Bank B+ 10000 1.150
614-249-6226
http://www.nationwide.com
3 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.820
504-671-3550
http://www.firstnbcbank.com
Doral Bank D- 500 1.600
212-584-6820
http://www.doralbankny.com
Boiling Springs Savings Bank C 1000 1.500
201-939-6600
http://www.bssbank.com
Community Bank C+ 1000 1.400
800-239-9427
http://www.dodcommunitybank.com
Emigrant Bank C+ 1000 1.400
212-850-4521
http://www.emigrant.com
4 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
http://www.institutionforsavings.com
Boiling Springs Savings Bank C 1000 1.750
201-939-6600
http://www.bssbank.com
Doral Bank D- 500 1.650
212-584-6820
http://www.doralbankny.com
Emigrant Bank C+ 1000 1.650
212-850-4521
http://www.emigrant.com
Intervest National Bank C 2500 1.600
212-218-8383
http://www.intervestnatbank.com
5 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
http://www.institutionforsavings.com
Hingham Institution for Savings B 500 2.000
781-749-2200
http://www.hinghamsavings.com
Boiling Springs Savings Bank C 1000 2.000
201-939-6600
http://www.bssbank.com
First Republic Bank B+ 5000 2.000
415-392-1400
http://www.firstrepublic.com
First NBC Bank B- 10000 1.970
504-671-3550
http://www.firstnbcbank.com

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign “+” = top of range, Minus sign “-” = bottom of range

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch’s unbiased national interest rate survey of over 96,000 financial institution locations across the United States.

About RateWatchFor over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States.  Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available.  To learn more about RateWatch, visit www.rate-watch.com.  RateWatch is a division of TheStreet, Inc.

About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.  The Company’s portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. To learn more, visit www.thestreet.com.  The Deal, the Company’s institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.  To learn more, visit www.thedeal.com.

Contact:

Emily Schneider
TheStreet, Inc.
212-321-5521
emily.schneider@thestreet.com

Joe Deaux
TheStreet, Inc.
212-321-5086
joseph.deaux@thestreet.com

SOURCE:

TheStreet, Inc.
http://www.thestreet.com

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Maverick new book details complexities of finance

Professor Anthony M. Criniti IV offers a fresh look at the science of wealth management in “The Necessity of Finance”

PHILADELPHIA – In “The Necessity of Finance” (ISBN 0988459507), Dr. Anthony M. Criniti IV breaks down the complex details of the financial world into easy-to-digest terms any layman can understand and even master. Finance is a completely separate field from economics and as such, Dr. Criniti sets out to explain real-world topics that investors and “financialists” need to inculcate into their ideological portfolio.

Global wealth accumulation is at its highest levels ever. There are more billionaires and oligarchs living today than at any other time in human history. Yet as the American and global financial system has come under critical scrutiny in recent years, consumers and ordinary citizens are seeking answers about the world of finance. Why is money important? Is it merely ink and paper or digits on a computer screen. Why does finance matter? How might we come to understand its many intricacies which act as a multi-dimensional jigsaw puzzle? The answers will both interest and surprise readers.

“Most of the major theories developed in finance were created by economists, physicists, mathematicians, etc. Finance, although highly interrelated with many other subjects, is a separate field of study that is often confused with others,” says Dr. Criniti. “With world wealth accumulating to its highest point in history, the necessity to understand this subject is more crucial than ever.”

Readers will learn what the difference between money and wealth is and will find answers to many of life’s financial questions. What is risk and return? What kinds of investments exist? What are the different techniques for selecting investments? And what role does ethics play in finance? The author has created a true page-turner able to clarify the definition, purpose and goals of both finance and economics while exploring financial concepts in a straightforward manner.

The Necessity of Finance” is available for sale online at Amazon.com.

About the Author:

Dr. Anthony M. Criniti IV is a former financial consultant and a current professor of finance at several universities.  He earned a PhD in applied management and decision sciences, with a concentration in finance. A native of Philadelphia, he has also received many financially related designations, including CHFC, CLU, REBC, and RHU. Dr. Criniti is an active investor and has traveled the world studying various aspects of finance. He is also the author of the acclaimed finance book, The Necessity of Finance and the newly released The Most Important Lessons in Economics and Finance.

MEDIA CONTACT:

Dr. Anthony M. Criniti IV

E-mail:                                 info@learn-about-finance.com

Web:                                    https://learn-about-finance.com/

REVIEW COPIES AND INTERVIEWS ARE AVAILABLE UPON REQUEST

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Threat of Oil Price Spike Has Passed

Threat of Oil Price Spike Has Passed, According to The Boston Company Asset Management

BNY Mellon Investment Manager Sees Opportunities as New Energy Sources Come On Line

NEW YORK and LONDON, Feb. 28, 2013, The days of worrying about the threat of a devastating oil price hike are over, according to a white paper from The Boston Company Asset Management (TBC), LLC, the Boston-based equity specialist for BNY Mellon.

For decades, pundits have been trying to predict the point at which a sustained climb in oil prices would spark a near-collapse of the global economy. However, TBC’s February 2013 paper, End of an Era: The Death of Peak Oil, contends structural shifts in the energy industry have insulated the global economy from dramatic spikes in oil prices, while simultaneously creating an array of investment opportunities.

After years of indifference, U.S. consumers have radically reduced their consumption of petroleum and related products, moderating demand in the world’s largest market, according to the report. Concurrently, heightened investments and technological breakthroughs, such as fracking, have spurred an explosion in resources, creating balanced supply and demand, the report said.

Areas of investment opportunity highlighted in the report include exploration companies, energy service companies, pipeline and transportation companies, companies that benefit from the low cost of gas and associated liquids, and companies that sell products to firms that directly are involved in natural gas and oil production.

The changing environment for energy has created potential traps for investors, warns Robin Wehbe, who heads the energy research team at TBC and is a co-author of the report. “Exploration companies have become victims of their own success as natural gas discoveries have led to a glut of new supply and depressed prices,” he said. “However, investors who can identify exploration companies operating in the most profitable and prospective shale plays can find opportunities.”

Energy services companies drill wells and perform other services for the exploration companies. The report notes that services companies operating technologically advanced horizontal operating drilling rigs are integral to recovering the new sources of oil and gas from shale.

Increasing shale and oil production also is likely to create demand for more pipelines, separation and storage facilities to move crude oil and gas from the wells to refineries and other users. With the relatively strong predictability of future revenues, pipeline companies can then pay higher dividends to shareholders, the report said.

Utilities are expected to benefit from lower fuel costs, and lower natural gas prices are expected to benefit U.S.-based chemical companies, according to the report. These benefits also are expected to extend to refineries and manufacturers, the report said.

The Boston Company Asset Management, LLC, a BNY Mellon Investment Management boutique, provides investment management services for corporate, public, mutual funds and union sponsored and jointly trusteed retirement plans, endowments and foundations.

BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of December 31, 2012. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street , London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company.

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