Grubb & Ellis Company (NYSE:GBE) released its 2011 Real Estate Forecast, which foresees the start of a slow recovery in the leasing market for all property types in the coming year. Activity in the investment market, which began its recovery earlier than anticipated in 2010, will expand beyond assets at the top and bottom of the quality scale to include properties with slightly more risk.
Grubb & Ellis Company, a commercial real estate services and investment management company, together with its subsidiaries, provides integrated real estate solutions, including transactions, management, consulting, and investment advisory services.
Proper Power and Energy, Inc. (PPWE.OB) is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
In addition to economic advancement, crude and product prices relate to a plethora of other factors including weather events, geopolitical risks, inventories, exchange rates, and spare capacity.
The up and down, rise and fall in gasoline and diesel prices over the last few of years shows the changes in the cost of crude oil. Those changes are decided in the global crude oil market by the worldwide need for and supply of crude oil. Weak economic conditions in the U.S. and all over the world in 2008 and into 2009 led to a weaker demand which helped knock prices down. Now, with the worldwide economic recovery, demand is rising again and is helping to catapult prices higher.
PPWE reported 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."
Many farmers in Kentucky are trading in their tractors and overalls for oil derricks and wildcatting gear. With the price of oil reaching an all time high and the family farm becoming more and more obsolete, the attraction of getting rich by striking oil on the family's back forty is becoming harder and harder to resist. And not without promise, with current geological readings estimating that nearly five billion barrels of oil reserves could be tucked away near Kentucky's famed coal mines of old.
For more information about this company please visit http://properpower.com/
First Trust Strategic High Inco (NYSE:FHY) has declared the Fund’s regularly scheduled monthly common share distribution payable on February 15, 2011 to shareholders of record as of February 3, 2011. The ex-dividend date is expected to be February 1, 2011. The monthly distribution information for the Fund.
First Trust Strategic High Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high-level of current income.
Emrise Corp. (NYSE:ERI) reported the appointment of former Vice Chairman and Chief Executive Officer of Imation Corp. (an NYSE-traded company) Frank P. Russomanno to its Board of Directors, effective March 1, 2011. The EMRISE Board has voted to authorize an expansion of the Board from four to seven directors and Russomanno's appointment will fill one of the vacancies created by that expansion.
EMRISE Corporation designs, manufactures, and markets electronic devices and communications equipment for aerospace, defense, industrial, and communications applications.
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