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Don’t Build Your Portfolio On Oil Sands

Tue, 06 Oct 2009 19:25:19 GMT

The first barrel of oil processed from the heavy, tar-like sands of northern Alberta, Canada, shipped in 1967. Since then, exploration projects have identified enough of the stuff – also known as bitumen – that only Saudi Arabia is able to top Canada’s 178 billion barrels of proven oil reserves. Among the companies to profit from the discoveries so far…[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...]

Buffett Bargain Hunting Despite 2008 Losses

Thu, 12 Feb 2009 14:05:00 GMT

By Jason Simpkins Managing Editor Money Morning Famed investor Warren Buffett didn’t fare much better than anybody else in 2008. But the Oracle of Omaha remains optimistic, convinced that... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Earnings Preview for Feb 9-13 - Earnings Preview

Fri, 06 Feb 2009 18:52:00 GMT

Activision Blizzard Inc. (ATVI) could top expectations. IntercontinentalExchange, Inc. (ICE) and Terex Corporation (TEX) could miss. Though nearly 400 companies are scheduled to report, traders are going to keep a close eye on Washington. Treasury Secretary Timothy Geithner will announce a revised bank bailout plan on Monday. This plan could include the creation of a bad bank to absorb distressed debts (what TARP was[More...]

Suncor's (TSE: SU) CDS - Is A Default On The Horizon?

Mon, 26 Jan 2009 03:20:00 GMT

Sometimes equity investors have a habit of overlooking the bond/credit markets. But in times like these, when credit markets are tight, the states of corporate balance sheets become more important than ever and it becomes imperative for all equity investors to watch and understand the credit markets. Take Suncor Energy (TSE: SU) for example. SU was Canada’s favourite oil and gas stock from 2004 – 2007. It is one of Canada’s largest oil and gas stock (by market cap), it produces almost 300,000 Boe/d, earns over $2 billion per year, and has probably the most ambitious plans for the Albert Oil Sands – plans that were originally estimated to cost ~$6 billion. Now that oil prices have tumbled by over 70%, oil and gas companies like[More...]

Worst Performers Over Last Quarter

Mon, 06 Oct 2008 06:14:00 GMT

And here is the list of worst perfomers... keep in mind this is over a 90 day period. I show 136 stocks that lost at least 45% in the previous quarter. Very bad. The list is obvious - anything global growth, commodity related or the "dead" financial types.CriteriaMarket capitalization $1.25B+Average trading volume 100K+Stock price $0+Return this month -45%+Green names we own, blue names we have owned in the past or discussed in the blog. In orange I listed names we owned at some point during the quarter.[More...]

Analyst Comments: Nexen Oil, 3Com, General Mills, URS Corp, Sprint Nextel

Fri, 08 Aug 2008 16:45:00 GMT

Nexen, Inc. (NXY) reported strong second-quarter results from its oil and gas business and increased its full-year capital by about $600-800 million. The company announced a share buyback program for 10 percent of its outstanding shares. Nexen has several identified projects that will generate future production growth and create value. However, we believe that these positives are already reflected in the current valuation, leaving little upside from current levels. As such, we are keeping our Hold rating unchanged at this stage. Nexen has been actively investing in its upstream assets in recent years, which has significantly improved its long-term production-growth prospects. Nexen is expected to spend around C$3.0 3.2 billion this year, up from the previous estimate of C$2.4 billion. This increase will allow the company to accelerate shale gas, coalbed methane and shallow[More...]

Morning Earnings Report (07/17/2008)

Thu, 17 Jul 2008 16:35:00 GMT

Ticker: NOK,MEI,CHB,VCBI,AMFI,AMRB,AMTD,AOS,APH,BAX,BBT,BK,BLK,CAL,CBC,CIT,CMA,CRRC,CVBF,CY,DHR,EDU,EFSC,FCF,FCS,FFCH,GPC,GSBC,HBAN,HNI,HOMB,IGT,IIIN,ITW,JCI,JPM,KNL,MEG,MMR,MTG,NAFC,NUE,NVS,NXY,ORB,PBKS,PCBK,PNC,PPG,PSBC,RS,SFNC,SON,SPWR,SWY,TXT,UMPQ,USA[More...]

Periodicals Wrap-Up for Monday, July 14th

Mon, 14 Jul 2008 13:43:00 GMT

The Wall Street Journal reported that worries are deepening among regulators, executives and consumers about the U.S. banking industry following the federal government’s seizure of IndyMac Bank[More...]

Searching For Positive Catalysts

Mon, 16 Jun 2008 13:52:17 GMT

Good morning. Premarket futures have a slight negative bias this morning.[More...]

OPTI Canada Announces Closing of Previously Announced Financing, Foreign Exchange Hedge Update and New Corporate Presentation

Fri, 20 Nov 2009 22:47:00 GMT

CALGARY, Nov. 20 /CNW/ - OPTI Canada Inc ("OPTI" or the "Company") announced today that it has completed the issuance of US$425 million face value of 9.0% First Lien Senior Secured Notes due December 15, 2012 (the "Notes") at a price of 97.0%, resulting in a yield to maturity of approximately 10.2%.
Using the November 20, 2009, Bank of Canada noon exchange rate of US$0.935 equals C$1.00, the net proceeds to OPTI from the sale of the Notes will be approximately C$428 million, after deducting certain fees and expenses related to the transaction.
The remainder of the proceeds will be used to fund the Long Lake Project and for general corporate purposes.

: iStockAnalyst.com Symbols Feed

Don’t Build Your Portfolio On Oil Sands

The Six Ways To Play Canada’s Oil Sector

Buffett Bargain Hunting Despite 2008 Losses

Earnings Preview for Feb 9-13 - Earnings Preview

Suncor's (TSE: SU) CDS - Is A Default On The Horizon?

Worst Performers Over Last Quarter

Analyst Comments: Nexen Oil, 3Com, General Mills, URS Corp, Sprint Nextel

Morning Earnings Report (07/17/2008)

Periodicals Wrap-Up for Monday, July 14th

Searching For Positive Catalysts

OPTI Canada Announces Closing of Previously Announced Financing, Foreign Exchange Hedge Update and New Corporate Presentation

OPTI Canada Announces Pricing of First Lien Senior Secured Notes

OPTI Canada Announces Review of Strategic Alternatives

ConocoPhillips Sell List Reported By UBS Unit

OPTI Canada Comments on Trading Activity

Smaller Players Sustaining Europe's Maturing Offshore

OPTI Canada Announces Second Quarter 2009 Results

OPTI Canada to Host Second Quarter 2009 Results Conference Call on July 29, 2009

Gold Participation and Income Fund Announces Exchange Ratios

Iraq's first postwar oil bidding for oil contracts

Nexen Presents at Bank of America Merrill Lynch 2009 Energy Conference

Nexen Inc.: Current Production at Annual High Following Start-Up of New Projects

Interest Payable on Nexen's 7.35% Subordinated Notes

Nexen Announces More Horn River Shale Gas Success

Dobhai Ventures Inc.: News Release

Nexen Announces Agreement to Purchase Convertible Subordinated Debentures from Canexus

Enbridge on Track for 20% Plus Growth in 2009; 10% Plus Through 2013

Nexen Increases Ownership in Canexus Through Distribution Reinvestment Plan

Nexen Prices Offering of US$1.0 Billion of 10-Year and 30-Year Senior Notes

Nexen Announces Strategic Review of Marketing Business