: iStockAnalyst.com Symbols Feed

ETF Stuff

Thu, 01 Oct 2009 13:35:42 GMT

ETF Trends dug up a news item that Claymore has filed for three narrow based China ETFs; one for technology, one for consumer (both staples and discretionary) and the most interesting (to me) filing is for infrastructure.[More...]

Tickers For The Latest Portfolio Reshaping

Fri, 04 Sep 2009 15:45:21 GMT

Fortunately my portfolio management methods don’t revolve around frequent trading. One of my kids came up to me recently and said, “What did you do today, Dad?” I said, “I made one trade, and I did a bunch of research.” He then asked, “How often do you trade?” I answered, “That was my first trade in a week, and I haven’t traded much in the last two months, but that’s not normal. There is no normal for me. When the market is really volatile, I trade a lot more, selling when stocks are rising, and buying when they are selling off. When the market is relatively placid, I don’t do much.” He looked at me, kind of smiled, and moved on. Information overload from Dad. Most people and investment managers trade too often. They sell their winners too rapidly, and panic too soon on their losers. Now, I’m not advocating “buy and forget,” or Buffett’s statement, “Our favorite holding period is forever.”[More...]

The Six Ways To Play Canada’s Oil Sector

Wed, 13 May 2009 16:40:00 GMT

With oil finally trading back above the $50-a-barrel level, it’s time to recognize that crude prices are probably not going to remain low for very long, and may end up fluctuating in the $50-$80 range - regardless of what happens to the prices of other co[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report For Friday, Mar 27, 2009

Fri, 27 Mar 2009 13:32:35 GMT

(8:36am ET) On Thursday, the upbeat earnings report of (Cara 100) Best Buy (BBY) served to lift the market at the open. Technologies stocks later were the basis of a closing hour rally. At the close, the DJIA (+174.75 +2.25% to 7924.56), S&P 500 (+18.98 +2.33% to 832.86), and NASDAQ (+58.05 +3.80% to 1587.00) gained for the third day in four this week. The Toronto Composite (+198.06 +2.25% to 8995.50) was in line with NY, but the Toronto Venture Board (+24.98 +2.63%to 974.02) also rallied. In the US equity market, the big winners were the Industrials (XLI +5.4%), Consumer Disretionary (XLY +4.6%) and Basic Materials (XLB +4.0%). All ten sectors were winners, but the laggards on this day were Energy +0.9% and Financials (XLF +1.2%). Within the many industry groups, there were a broad section of technology groups that were on the leader board. Lagging a bit were the Goldminers ($XAU[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

Imperial Oil Q3 net income down 61%

Thu, 05 Nov 2009 03:49:00 GMT

Canada-based integrated oil company Imperial Oil has reported a net income of C$547 million, or C$0.64 per share, for the third quarter of 2009, a 61% decrease compared to C$1.39 billion, or C$1.57 per share, for the same period of 2008.
The company has reported total revenue and other income of C$5.56 billion for the third quarter of 2009, compared to C$9.51 billion for the same quarter of 2008.
Imperial Oil has reported a net income of C$1.04 billion, or C$1.22 per share, for the first nine months of 2009, compared to C$3.22 billion, or C$3.60 per share, for the corresponding period of 2008.

[More...]

Lead Mackenzie Pipeline Partner Says Dialogue With Ottawa is Continuing

Tue, 27 Oct 2009 20:49:00 GMT

CALGARY - The lead partner in the Mackenzie natural gas pipeline says it is still committed to developing the project, despite a news report suggesting Ottawa may yank its financial support.
"We've been continuing our dialogue with the federal government seeking an appropriate fiscal framework for the project, and that dialogue continues," said Imperial Oil Ltd. (TSX:IMO) spokesman Pius Rolheiser.
Citing unidentified sources, the National Post newspaper reported Tuesday a federal cabinet committee rejected a financial assistance package proposed by Environment Minister Jim Prentice in support of the long-delayed and over-budget pipeline.

[More...]

Lead Mackenzie Pipeline Partner Says Dialogue With Ottawa is Continuing

Tue, 27 Oct 2009 17:53:00 GMT

CALGARY - The lead partner in the Mackenzie natural gas pipeline says it is still committed to developing the project, despite a report suggesting Ottawa may yank its financial support.
He says discussions are continuing between Ottawa and the project's backers, which also include Imperial's parent company ExxonMobil Corp. (NYSE:XOM), Royal Dutch Shell PLC (NYSE:RDS), ConocoPhillips (NYSE:COP) and the Aboriginal Pipeline Group.
Natural gas shipper TransCanada Corp. (TSX:TRP) is also involved through its investment in the APG, which acts on behalf of aboriginal groups along the pipeline's proposed route.

[More...]

Imperial Oil CEO Says It is Looking at Security After Environmental Protests at Oilsands Operations

Thu, 15 Oct 2009 23:47:00 GMT

CALGARY - Imperial Oil Ltd. (TSX:IMO) is looking at security after several high-profile occupations of Alberta oilsands projects by environmentalists, the company's chief executive said Thursday.
Greenpeace protesters who took over a Shell plant near Edmonton and blocked production at a Suncor Energy (TSX:SU) upgrading refinery near Fort McMurray have changed the way companies think about protecting their sprawling projects, Bruce March told reporters following a speech to Calgary's business community.
"I think what we've seen with the Greenpeace excursions are elements that are very well planned out, they're very well prepared, they're effectively executed, they're very organized and that may be changing our thinking somewhat," he said.

[More...]

Imperial Oil chemical spill probed

Wed, 07 Oct 2009 16:16:00 GMT

Imperial Oil chemical spill probed[More...]

Canada's Horn River Basin Has Natural Gas Producers Envisioning Barnett Shale

Mon, 10 Aug 2009 14:49:00 GMT

Aug. 10--The Dallas-Fort Worth area and Canada's remote Horn River Basin are more than 2,300 miles apart, but there's nevertheless a significant new link between the two highly diverse regions.
Horn River, in a heavily forested area of northeast British Columbia where subzero temperatures are commonplace, is now drawing comparisons to North Texas' Barnett Shale, a hotbed of drilling activity recently cited as the biggest natural gas-producing field in the United States.
There's increasing talk that Horn River, scene of a budding natural gas play attracting major oil industry players, could become another Barnett Shale in terms of headline-making gas production.

[More...]

Imperial Oil Announces Second Quarter Financial and Operating Results

Thu, 30 Jul 2009 19:45:00 GMT

CALGARY, July 30 /CNW/ - Imperial Oil today announced that net income for the second quarter of 2009 was $209 million or $0.25 a share, compared with $1,148 million or $1.28 a share for the same period last year.
Net income for the first six months of 2009 was $498 million or $0.58 a share, versus $1,829 million or $2.03 a share for the first half of 2008.
Earnings were also lower in the quarter due to scheduled maintenance activities at Syncrude and Cold Lake.

[More...]

WESM Privatization Set on 2010

Thu, 30 Jul 2009 16:49:00 GMT

Department of Energy (DOE) officials said the government will privatize the Wholesale Electricity Spot Market (WESM) next year once a number of studies on the country's first electricity spot market are completed.
On the sidelines of the Third WESM Annual Participants Meeting on Thursday, Melinda Ocampo, Philippine Electricity Market Corp. (PEMC) president, said the company still has to complete an audit; and a review of the spot market's rules and different programs before it could be turned over to the private sector.
Energy Secretary Angelo Reyes also averred that the government may be able to privatize the WESM next year.

[More...]

Gold Participation and Income Fund Announces Exchange Ratios

Mon, 20 Jul 2009 21:51:00 GMT

TORONTO, July 20 /CNW/ - Gold Participation and Income Fund (the "Fund"), a closed-end investment trust designed to provide investors with Canadian-dollar exposure to the long-term performance of gold bullion and gold equity securities while providing a monthly distribution stream and mitigating downside risk, is pleased to announce the exchange ratios for the Fund's exchange option (the "Exchange Option") with respect to its initial public offering.
Under the Exchange Option, prospective purchasers had the opportunity to exchange Shares of SPDR Gold Trust and freely- tradeable listed securities of issuers in the S&P/TSX Global Gold Index or the S&P/TSX 60 Index (collectively, "Exchange Securities") for Combined Units of the Fund (each Combined Unit consisting of one Unit of the Fund and one Warrant for one Unit).
Under the Exchange Option, the number of Combined Units issuable in exchange for Exchange Securities deposited by prospective purchasers was determined by dividing the weighted average trading price of the Exchange Securities on the Toronto Stock Exchange, The New York Stock Exchange or The NASDAQ Stock Market, as the case may be, during the three consecutive trading days ending on July 17, 2009, as adjusted to reflect dividends declared or distributions pending which will not be received by the Fund (such adjusted trading price being the "Exchange Price") by $12.00 (being the issue price of a Combined Unit).

[More...]

North American Energy Partners Announces Results for the Three Months Ended September 30, 2009

Tue, 03 Nov 2009 21:49:00 GMT

North American Energy Partners Inc. ("NAEP" or "the Company") (TSX: NOA)(NYSE: NOA) today announced results for the three months and six months ended September 30, 2009.
Three Months Ended Six Months Ended Sept. 30, Sept. 30, (dollars in thousands) 2009 2008 2009 2008 ------------------------------- --------- --------- --------- --------- Revenue $ 171,110 $ 280,283 $ 318,213 $ 539,270 Gross profit $ 33,121 $ 44,281 $ 57,931 $ 91,871 Gross profit margin 19.4% 15.8% 18.2% 17.0% Operating income $ 18,569 $ 23,046 $ 28,341 $ 49,976 Net income (loss) $ 809 $ (1,222) $ 15,583 $ 17,874 Consolidated EBITDA (1) $ 31,755 $ 36,226 $ 51,340 $ 72,953 Capital spending $ 23,555 $ 16,177 $ 43,265 $ 75,526 Cash and cash equivalents $ 97,716 $ - $ 97,716 $ - (1) For a definition of Consolidated EBITDA (as defined within the credit agreement) and reconciliation to net income, see "Non-GAAP Financial Measures" at the end of this release.
"Results from both our Piling and Pipeline divisions reflect the new economic environment.

[More...]

PicksThatMove.Com Announces Investment Opinion On: UTS Energy Corporation, Research in Motion, Union Pacific Corp, Burlington Northern Santa Fe Corp. And Cognizant Technology Solutions

Tue, 03 Nov 2009 16:51:00 GMT

These companies have interesting business models and they have to execute on the business development level to bring value to shareholders.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
UTS Energy Corporation (TSX: UTS), $2.15, +$0.05, 2.38%, finished the day strong yesterday with over 12 million shares traded compared to Friday's close of 2.4 million.

[More...]

Fluor Reports Second Quarter EPS of $0.93 and New Awards of $6.8 Billion

Mon, 10 Aug 2009 20:46:00 GMT

Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2009.
Segment profit for the quarter was $309 million, compared with $392 million in the second quarter of 2008 which included a pre-tax gain of $79 million, or $0.27 per diluted share, from the sale of the Company's joint venture interest in the Greater Gabbard Offshore Wind Farm project.
Revenue declined 8 percent to $5.3 billion in the second quarter of 2009, down from $5.8 billion a year ago, driven by declines in the Oil & Gas, Global Services and Power segments.

[More...]

B&W to Supply Boilers for Kearl Oil Sands Project

Mon, 13 Jul 2009 13:49:00 GMT

McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that a subsidiary of The Babcock & Wilcox Company ("B&W"), has been awarded a contract to supply four modularized boilers for Phase 1 of the Kearl Oil Sands Project ("Kearl") being developed by Imperial Oil in the Athabasca Oil Sands Region, located 70 kilometers north of Fort McMurray, Alberta.
Kearl Phase 1 consists of a surface mine and plant facilities that will produce clean bitumen for blending, transport and sale.
"This contract demonstrates our reputation of performance and reliability which will be crucial in the challenging environment of the Alberta oil sands," said Richard L. Killion, President and Chief Operating Officer of Babcock & Wilcox Power Generation Group.

[More...]

Fluor Secures Kearl Oil Sands Contract in Canada

Tue, 07 Jul 2009 10:48:00 GMT

Fluor Corporation (NYSE:FLR) announced today that it was awarded an engineering, procurement and construction (EPC) contract for infrastructure and offlease facilities for the first phase of Imperial Oil's Kearl oil sands project, a surface mining and bitumen extraction operation located 70 kilometers northeast of Fort McMurray, Alberta.
For this project, Fluor will book approximately $1.5 billion in 2009, with the majority of the award recognized in the second quarter of 2009.
"This significant project award expands our presence in the upstream side of the Canadian oil sands business, a key growth market for our company," said David Seaton, Fluor's senior group president for Energy & Chemicals, Power and Government.

[More...]

Imperial Oil Continues Existing Share Repurchase Program

Tue, 23 Jun 2009 14:55:00 GMT

CALGARY, June 23 /CNW/ - Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program facility that will expire on June 24, 2009.[More...]

North American Energy Partners Announces Fiscal 2009 and Fourth Quarter Results

Tue, 09 Jun 2009 21:47:00 GMT

North American Energy Partners Inc. ("NAEP" or "the Company") (TSX: NOA)(NYSE: NOA) today announced results for the 12 months and three months ended March 31, 2009.
Unless otherwise specified, all dollar amounts discussed are in Canadian dollars.
Consolidated Financial Highlights Three Months Year Ended March 31, Ended March 31, 2008 (dollars in thousands) 2009 2008 2009 restated(1) ------------------------- ----------- ---------- ----------- ----------- Revenue $ 972,536 $ 989,696 $ 174,700 $ 323,600 Gross profit $ 175,305 $ 163,317 $ 32,464 $ 62,573 Gross profit margin 18.0% 16.5% 18.6% 19.3% Impairment of goodwill $ 176,200 $ - $ 143,447 $ - Operating (loss) income $ (81,712) $ 92,397 $ (129,483) $ 42,581 Net (loss) income $ (139,515) $ 39,784 $ (142,690) $ 20,484 Consolidated EBITDA (2) $ 146,046 $ 135,094 $ 25,191 $ 55,435 Capital spending $ 94,139 $ 57,779 $ 9,244 $ 6,213 Cash and cash equivalents $ 98,880 $ 31,863 $ 98,880 $ 31,863 (1) See "Restatement March 31, 2008" at the end of this release.

[More...]

Imperial Oil will seek acceptance to continue its existing share repurchase program

Wed, 03 Jun 2009 16:21:00 GMT

CALGARY, June 3 /CNW/ - Imperial Oil today announced that it will seek acceptance from the Toronto Stock Exchange to continue its existing share repurchase program facility that will expire on June 24, 2009.[More...]