Douglas McIntyre

Douglas McIntyre

Co-Founder & Editor, 24/7 Wall St.

Douglas A. McIntyre is a co-founder and editor for 24/7 Wall St.

Prior to 24/7 Wall St., Douglas was Chairman and Chief Executive Officer of On2 Technlologies, a leading video compression company. He was chosen to be one of the members of the inaugural Streaming Media All-Star team, the 25 people who had the most impact on streaming media over the last 10 years. The list was described as the “streaming media’s Hall of Fame.” He was also the Publisher of Financial World Magazine from 1983 to 1995.

Douglas has also been President and Chief Executive officer of FutureSource, LLC and President of Switchboard.com, which was, at the time, the 10th most visited website in the US.

He is a magna cum laude graduate from Harvard.

Recent Articles

Refiners’ Struggles Likely to Get Worse (VLO, BP, RDSA, XOM, COP, CVX, HES, SUN, TSO)

By Douglas McIntyre, Co-Founder & Editor, 24/7 Wall St.

Valero Energy Corp. (VLO) reported a first quarter EPS loss of -$0.20, compared with an EPS profit in the same period a year ago of $0.59. Revenues for the 2010 first quarter were $19.6 billion, up 47% from a year ago. Unfortunately for Valero, cost of sales were also up -- almost 62%. BP plc (BP), which also reported earnings today, saw refining and marketing earnings fall nearly 34%, but BP fell back on a huge increase in crude revenues to post a fine profit. Later this week major integrated companies Royal Dutch Shell (RDSA), Exxon Mobil Corp. (XOM), Conoco Phillips Corp. (COP), and Chevron Corp. (CVX) will report earnings, as will refiners Hess Corp. (HES), Sunoco, Inc. (SUN), and Tesoro Corp. (TSO).

Carl’s Jr./Hardee’s Bought By Apollo (CKR, MCD, BKC)

By Douglas McIntyre, Co-Founder & Editor, 24/7 Wall St.

In late February, CKE Restaurants, Inc. (CKR) agreed to be acquired by Thomas H. Lee Partners, a private equity firm, for about $928 million, including $309 million of net debt. That means changes for industry rivals McDonald's (MCD) and Burger King (BKC).

United, US Air Earnings Better Than Expected, But Losses Continue (UAUA, LCC, CAL, LUV)

By Douglas McIntyre, Co-Founder & Editor, 24/7 Wall St.

UAL Corp. (UAUA), parent of United Airlines, and US Airways Group (LCC) both announced losses that were not as bad as last quarter and not as bad as expected.

Humana HUM Earnings Up, Shares Fall (UHI, CI, AET)

By Douglas McIntyre, Co-Founder & Editor, 24/7 Wall St.

Health benefits provider Humana Inc. (HUM) posted quarterly diluted EPS of $1.52 this morning, higher than analysts' estimates of $1.14 and above the company's own forecast of $1.10-$1.20. Humana also raised its full-year guidance, following the footsteps of United Health Group Inc. (UHI), which raised its guidance last week following a strong quarterly report. Cigna Corp. (CI) is scheduled to report quarterly earnings next week and is expected to post good numbers. Aetna Inc. (AET), which is reporting later this week, is not expected to post similar gains.

Plains All American PAA Spins Off Natural Gas Storage in IPO

By Douglas McIntyre, Co-Founder & Editor, 24/7 Wall St.

Nearly five years ago Plains All American Pipeline, L.P. (PAA) bought two natural gas storage facilities from Sempra Energy (SRE). Bluewater Gas Storage in Michigan has a working gas capacity of 20 billion cubic feet, and Pine Prairie Energy Center in Louisiana also has 20 billion cubic feet of capacity. Today, Plains has commenced an IPO of the two businesses as another master limited partnership named PAA Natural Gas Storage, L.P. (PNG) that will trade on the New York Stock Exchange under the ticker symbol 'PNG'.

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