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The real reason Matthew simmons resigned, BP ties with his company!!!

 
Anonymous Coward
User ID: 1014943
United States
09/03/2010 01:43 AM
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The real reason Matthew simmons resigned, BP ties with his company!!!
[link to www.businessinsider.com]

Simmons & Co and Matthew Simmons are ending their feud with a divorce: Simmons is resigning from the company he founded.

It all started when Simmons & Co sent a letter to investors saying that the company didn't agree with its founding father's negative views on BP about a month ago.

(The letter is printed after the jump.)

Then Simmons & Co upgraded BP to a buy on Friday. (Check out their analyst research on Dealbreaker.) [link to cache.dealbreaker.com]

Now the previous Simmons and Co news announcement of their new CEO due to parting of opinions on BP is gone from there news section completely!


More proof of a suspicious and dirty wash happening to this man whom was trying to warn us of the dangers in the gulf.
Anonymous Coward (OP)
User ID: 1014943
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09/03/2010 01:58 AM
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Re: The real reason Matthew simmons resigned, BP ties with his company!!!
There is definitely more going on with this story Simmons had connections with these two other companies directly connected to Louisiana:
[link to www.energyocm.com]

Matthew R. Simmons

Chairman Emeretis of Simmons & Company International. Matt founded Simmons & Company International in 1974, building it into a leading energy investment bank. In addition to various industry, company, education and philanthropic board positions, Matt is the author of “Twilight in the Desert.”



Michael E. Frazier

President of Simmons & Company International. Mike has an extensive background in the Securities business beginning in the early 1970s and started the Securities’ sales business at Simmons & Company International in 1992.

[link to www.energyocm.com]

[link to www.orleanscapital.com]


A cover up is in the works with this story.

He was on MSNBC saying BP was not using industry standard practices on the oil spill disaster and a day later he is forced to step down with a statement from the Simmons and Co saying they dissagreed with his position on BP, and he stepped down from his OWN Co. TPTB are that powerful!
Anonymous Coward (OP)
User ID: 1014943
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09/03/2010 01:59 AM
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Re: The real reason Matthew simmons resigned, BP ties with his company!!!
[link to www.energyocm.com]

Early in 2000, Orleans Capital Management Corporation (OCM) in conjunction with Simmons & Company International (SCI) identified a unique, opportunistic investment theme focusing on the developing global energy supply and demand dynamics. That fall OCM launched its Energy Opportunities investment strategy, which is a long only, equity investment strategy designed to capitalize on increasing energy expenditures necessary to supply the energy required by a growing global economy. In executing this strategy, OCM teamed with SCI, the only independent investment bank specializing in the entire spectrum of the energy industry. Founded in 1974, SCI has acted as financial advisor in over $143 billion of transactions, including 567 merger and acquisitions worth over $100 billion. Pursuant to a Research and Sub-Advisory Agreement, SCI provided OCM with energy research and sub-advisory services used by OCM in the execution of the Energy Opportunities strategy.

During 2008, OCM and SCI formed Energy Opportunities Capital Management, L.L.C. (EOCM) as a separate entity to manage the Energy Opportunities Original and the related Alternatives investment strategies. EOCM is a Delaware limited liability company, formed on May 9, 2008. EOCM became a SEC registered investment adviser on October 6, 2008. EOCM was formed to act as successor to the Energy Opportunities Original and Alternatives investment strategies developed by OCM.

The Energy Opportunities strategy is designed to capitalize on existing and developing energy supply and demand fundamentals and their impact on various companies within the universe of publicly traded equity securities. Investment decisions are the product of the combined investment expertise of EOCM's portfolio managers coupled with input from OCM and the world renowned energy industry insight and knowledge of SCI.

The primary thrust of the strategy is to capitalize on the ongoing positive supply and demand fundamentals that exist in energy markets. Among other things, we emphasize those sectors and companies that are beneficiaries of the necessary capital expenditures that will be required to generate the supply required to maintain and support increasing global energy demand and global economic growth. The fundamental investment objective is to produce returns superior to energy related benchmarks and broad market equity indices by investing in a diversified portfolio of energy company equities designed to capitalize on existing energy supply and demand fundamentals.

EOCM believes that the current and developing global energy supply and demand fundamentals provide an investment opportunity given the increased levels of capital spending that will be required to produce supply sufficient to meet growing global energy needs. EOCM is specifically equipped to understand and capitalize upon this opportunity given the individuals involved in day to day portfolio management as well as the world renowned energy insight and research provided by SCI. More specifically, EOCM believes that companies within the oil service sector are most likely to benefit from the market environment. SCI has been throughout its history the premier provider of investment banking and research services related to the oil service sector in particular.
Anonymous Coward (OP)
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09/03/2010 02:22 AM
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Re: The real reason Matthew simmons resigned, BP ties with his company!!!
[link to cache.dealbreaker.com]

Simons and Co presentation for SP dated June 11,2010.
Probably the real reason he was killed he probably was disputing these findings.





GLP