Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Thematic (Sector/Industry)

<ul><li class="p1">Exploration and production companies have long relied on capital markets to fund stellar growth, perhaps assuming that persistently high commodity prices would drive sufficiently strong returns in the future to justify their initial excesses.</li><li class="p1">But with crude prices now at once-in-a-generation lows and with a recovery still probably several quarters away, shale producers have been forced to adapt to an environment that few (if any) were built to profitably operate in.</li></ul>Analyst: David Meats

Exploration and production companies have long relied on capital markets to fund stellar growth, perhaps assuming that persistently high commodity prices would drive sufficiently strong returns in the future to justify their initial excesses.But with crude prices now at once-in-a-generation lows and with a recovery still probably several quarters away, shale producers have been forced to adapt to an environment that few (if any) were built to profitably operate in.Analyst: David Meats

FX Strategist

Greg Gibbs

Fundamental analysis of topical themes in FX

Amplifying Global FX Capital

Amplifying Global FX Capital was founded in 2015 and is fully owned by Greg Gibbs. It is a registered company both in Australia and Colorado, USA and is a licensed in Australia to provide financial services.

We are producing a regular trading view orientated macroeconomic analysis of topical themes in global financial markets, with a particular focus on foreign exchange. We invite you to view an “executive summary” of these reports in “AmpGFX Reports” under our “Research” menu.

These reports are drawn from the analysis of Greg Gibbs and inform the capital management he undertakes on behalf of the company. The trading performance is posted periodically on our website. We aim to build our company into both a research and capital management business. We are currently in the planning phase for managing capital for wholesale customers.

Greg Gibbs has spent his working life of more than 26 years in financial markets, beginning in 1989 at the Reserve Bank of Australia, after completing a Bachelor of Economics Degree (Honours) at the Australian National University. He has been a CFA Charterholder since 2005. He has worked in Sydney, Singapore, New York and London for major global banks and presented on foreign exchange markets to major financial institutions and companies around the world, and maintained a high profile in the financial media.

Before Amplifying Global FX Capital, Greg was the Head of Asia Pacific Market Strategy at the Royal Bank of Scotland based Singapore. He now resides in Breckenridge Colorado.

Macroeconomics

S interest rates have fallen significantly this year (-36bp) reducing the USD yield advantage.  This has been matched by the GBP and CAD, but AUD and NZD rates have been much more stable than previous episodes of global risk aversion. The Fed is sticking to its outlook for gradual policy tightening, but weak growth is expected to be reported in Q4, activity indicators are weak heading into 2016, medium and longer term inflation expectations are down sharply, and the only plank left supporting rate hike forecasts is the solid labor market.  However, recent unemployment claims have drifted up, and a considerable pause in US rates appears likely.  The US economy has been dragged back to the pack to some extent by the deep fall in oil prices.  While the US energy sector is not all that large, it is much more cyclical than OPEC countries, and activity in this sector has been a factor slowing the US economy.   We may be moving into a phase where confidence in the US economy is waning.  This may tend to weaken the USD in 2016.  Global risk aversion and weaker commodity prices may also weaken commodity and emerging market currencies, but if perceptions on US monetary policy change enough, even these currencies may recover at some point.

S interest rates have fallen significantly this year (-36bp) reducing the USD yield advantage.  This has been matched by the GBP and CAD, but AUD and NZD rates have been much more stable than previous episodes of global risk aversion. The Fed is sticking to its outlook for gradual policy tightening, but weak growth is expected to be reported in Q4, activity indicators are weak heading into 2016, medium and longer term inflation expectations are down sharply, and the only plank left supporting rate hike forecasts is the solid labor market.  However, recent unemployment claims have drifted up, and a considerable pause in US rates appears likely.  The US economy has been dragged back to the pack to some extent by the deep fall in oil prices.  While the US energy sector is not all that large, it is much more cyclical than OPEC countries, and activity in this sector has been a factor slowing the US economy.   We may be moving into a phase where confidence in the US economy is waning.  This may tend to weaken the USD in 2016.  Global risk aversion and weaker commodity prices may also weaken commodity and emerging market currencies, but if perceptions on US monetary policy change enough, even these currencies may recover at some point.

M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

A ten year study by two prominent Fasken Martineau attorneys demonstrate that hostile bids mostly succeed in the Canadian market, and shows that white nights usually emerge around day 45 (November 16 in this case).

A ten year study by two prominent Fasken Martineau attorneys demonstrate that hostile bids mostly succeed in the Canadian market, and shows that white nights usually emerge around day 45 (November 16 in this case).

Clock Ticking on Suncor's Offer for Canadian Oil Sands

Has the timing of Suncor Energy Inc.'s unsolicited offer for Canadian Oil Sands Limited become highly opportunistic,&nbsp;with the rapidly changing political equation in Canada possibly deterring parties wishing to make a counteroffer?

Has the timing of Suncor Energy Inc.'s unsolicited offer for Canadian Oil Sands Limited become highly opportunistic,&nbsp;with the rapidly changing political equation in Canada possibly deterring parties wishing to make a counteroffer?

Suncor Bid for Canadian Oil Sands Comes Amid Political Upheaval

Canada

Canadian Oil Sands Ltd. is an oil and and gas exploration and production company. The Company is focused on the Syncrude Project, and runs the day-to-day operations involving mining and upgrading bitumen from the Athabasca oil sands.

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Canadian Oil Sands (COS CN)

Moat or Mother Fracker?

Exploration and production companies have long relied on capital markets to fund stellar growth, perhaps assuming that persistently high commodity...

Morningstar, Inc.

Confidence in Fed Hikes Waning

S interest rates have fallen significantly this year (-36bp) reducing the USD yield advantage. This has been matched by the GBP and CAD, but AUD...

Greg Gibbs

Clock Ticking on Suncor's Offer for Canadian Oil Sands

A ten year study by two prominent Fasken Martineau attorneys demonstrate that hostile bids mostly succeed in the Canadian market, and shows that...

CTFN

Suncor Bid for Canadian Oil Sands Comes Amid Political Upheaval

Has the timing of Suncor Energy Inc.'s unsolicited offer for Canadian Oil Sands Limited become highly opportunistic, with the rapidly changing...

CTFN

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