BX & PPWE – Today’s Afternoon Stock Highlights! from PennyToBuck.com – The
pennytobuck Newsletter
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*The Blackstone Group (NYSE:BX)*
The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in four segments: Private Equity, Real Estate, Credit and Marketable Alternatives, and Financial Advisory. The Private Equity segment involves in private equity investing through five general private equity funds and one specialized fund focusing on communications-related investments. This segment engages in various transactions comprising leveraged buyout acquisitions of companies, transactions involving start-up businesses in established industries, minority investments, corporate partnerships, distressed debt, structured securities, and industry consolidations. The Real Estate segment manages opportunistic real estate funds, internationally focused real estate funds, European focused real estate fund, and real estate debt investment funds. This segment invests in lodging, urban office buildings, and various real estate operating companies. The Credit and Marketable Alternatives segment engages in the management of funds of hedge funds, credit-oriented funds, CLO vehicles, and publicly-traded closed-end mutual funds. The Financial Advisory segment offers corporate, and mergers and acquisitions advisory services; restructuring and reorganization advisory services; and fund placement services for alternative investment funds. Blackstone Group Management L.L.C. operates as the general partner of the company. The Blackstone Group, L.P. was founded in 1985 and is headquartered in New York, New York.
BUYINS.NET, www.buyins.net, a provider of unique trading technologies, released a report on February 2, 2011 at 8:22 am PST stating that Blackstone Group was expected to be higher after its earnings were released before the open on Thursday, February 3, 2011.
According to the 6 previous quarterly earnings reports, BX has shown a bullish edge that peaks 1 trading day after the report. BX rallies in 100% of the cases (6 of 6) by an average of +2.4% relative to the date of the earnings release. At the time this story was written, BX is +3.48% immediately after earnings were released.
The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies` stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year.
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*Proper Power & Energy, Inc. (PPWE.OB)*
What happens in the oil and natural gas industry echoes throughout the economy. Thats because the industry is connected to a large variety of industries that use oil and natural gas products either directly or indirectly. New taxes could harm workers and industries throughout the economy. The oil and natural gas industry is working to diminish the downsizing, cancellation of projects and reducing its workforce that may be required by the drop in crude oil and natural gas prices. More taxes would block those efforts and could result in the loss of thousands of industry related jobs every year.
*Proper Power* recently met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of *Proper Power*.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. “We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,” stated Andrew Kacic.
Moreover in company news, *Proper Power* announced recently that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. “This is an exciting day for us,” stated Proper Power President, Andrew Kacic. “This is the beginning of production for *Proper Power* in Kentucky, and we look forward to increasing our presence.” *Power & Energy, Inc.* is an independent exploration and production company. *PPWE*`s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which *PPWE* controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to *PPWE*, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about *PPWE* visit: http://properpower.com ___ *
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*THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!*
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