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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

How To Profit From The 'Next' Dubai

Wed, 02 Dec 2009 13:51:42 GMT

The Dubai World default is a matter of only $60 billion – mere peanuts when compared to other elements of the global financial crisis. It’s thus of concern only to those silly enough to invest in real estate there (and the European banks foolish enough to finance it.) For the rest of us, it is a useful reminder that sudden collapses don’t really come out of nowhere – they can be foreseen, and smart investors can plan for them.[More...]

PCE Signs Agreement to Develop 25MW Hydroelectric Plant in Panama

Wed, 01 Jul 2009 10:54:00 GMT

Petaquilla Minerals's wholly owned subsidiary Panama Central Electrica, has entered into a memorandum of understanding with Generadora Hidroelectrica Santa Maria, for the development of a 25MW hydroelectric plant in the province of Veraguas in Panama.
The agreement establishes the general framework within which the partners Panama Central Electrica (PCE) and Generadora Hidroelectrica Santa Maria will work to advance the hydro project to the stage of a bankable feasibility study.
The partners will also work on updating the 1998 Environmental Impact Study which was previously approved by the Panamanian regulatory agencies in November 1998.

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PicksThatMove.com Announces Investment Opinion on Qwest Communications International Inc., Cisco Systems Inc., AT&T Inc., Petaquilla Minerals Ltd. and Ecometals Limited

Wed, 02 Dec 2009 04:46:00 GMT

PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
Qwest Communications International Inc. (NASDAQ: Q), $3.85, +0.20, 5.48%, provides data, Internet, video and voice services, operating in the business markets, mass markets and wholesale segments.

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Petaquilla Minerals Ltd.: Panamanian Government Authorizes Commercial Production at Molejon

Wed, 18 Nov 2009 13:50:00 GMT

Petaquilla Minerals Ltd. (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) ("Petaquilla" or the "Company") is pleased to announce that the Government of the Republic of Panama has granted approval for Petaquilla's Molejon gold mine to advance to the commercial production stage.
9 of February 26, 1997, the Ministry of Commerce and Industry of the Government of Panama issued a letter to the Company dated November 18, 2009, authorizing Petaquilla's subsidiary, Petaquilla Gold, S.A., to initiate commercial production at its Molejon gold mine located in the District of Donoso, Province of Colon, Republic of Panama.
The Government of Panama highlighted that Molejon will be the country's first mining project of modern times and encouraged the Company to maintain its highest standards of responsible mining as it leads the way to a socially and environmentally conscious mining industry in Panama.

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Petaquilla Board and Management Appointments

Fri, 06 Nov 2009 13:49:00 GMT

Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) is pleased to announce that Mr. Joao Manuel has been appointed as the Company's President and Chief Executive Officer.
Mr. Manuel joined the Company in December 2008 as its Chief Operating Officer after serving as the Chief Financial Officer of Petaquilla Copper Ltd. He will be leading the Company into its future production development phases and the continued exploration of the Petaquilla mining district where it owns a 100% interest in several large mineral concessions adjacent to the Molejon gold mine site.
Additionally he will focus on the creation of shareholder value through the spin-off of the Company's fully owned subsidiary, Petaquilla Infrastructure Ltd., which was incorporated for the construction, operation and management of infrastructure facilities required for the development of the mining industry in Panama.

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Petaquilla Announces Delay in Filing Annual Financial Statements

Tue, 01 Sep 2009 06:04:00 GMT

Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) reports that it has been delayed in filing its annual financial statements, annual Management Discussion & Analysis related thereto and its Annual Information Form in Form 20-F, for the fiscal year ended May 31, 2009, by the required filing date under applicable Canadian securities laws, namely August 31, 2009.
The delay is attributable to additional time required for completion of the May 31, 2009 audit.
The Company has notified the British Columbia and Ontario securities regulators of the filing default and has applied for the issuance of a management cease trade order, which, until the Company has made the required filings, will prohibit trading in Petaquilla shares by Petaquilla directors, officers and other insiders of the Company and those who have been directors, officers or insiders of the Company during the period that the financial statements are being prepared.

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Petaquilla Minerals Ltd. Announces Completion of Stock Option Cancellation Program

Mon, 24 Aug 2009 23:55:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 08/24/09 -- Petaquilla Minerals Ltd. announces that it has completed a voluntary stock option cancellation program.[More...]

Petaquilla Provides Update on the Commissioning of the Molejon Gold Plant

Thu, 16 Jul 2009 12:57:00 GMT

- Petaquilla Minerals Ltd. is pleased to announce that in the process of commissioning the Molejon Gold Plant, it has produced approximately 9,525 ounces of gold and 3,195 ounces of silver since April 7, 2009.[More...]

Petaquilla signs Memorandum of Understanding for 25 MW Hydroelectric Plant in Panama

Mon, 29 Jun 2009 12:56:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 06/29/09 -- Petaquilla Minerals Ltd. is pleased to announce that its wholly-owned subsidiary Panama Central Electrica, S.A. has entered into a Memorandum of Understanding with Generadora Hidroelectrica Santa Maria, S.A. for the development of a 25MW hydroelectric plant in the Province of Veraguas, Panama. The MOU establishes the general framework within which the partners PCE and Santa Maria will work to advance the Hydro Project to the stage of a bankable feasibility study. The partners will also work on updating the 1998 Environmental Impact Study which was previously approved by the Panamanian regulatory agencies by way of resolution no. IA-012-99 in November of 1998. Upon obtaining a positive bankable feasibility study, the partners intend to commence construction in the fourth quarter of 2010 and ownership of the Hydro Project will be based on capital contribution. The partners will work in good faith to establish definitive terms for the venture as quickly as practicable. In addition, the MOU also contemplates the subsequent development of additional hydro power projects in the central provinces of Panama with cumulative potential of up to 100MW.[More...]