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Posts related to ‘Commodities’

Iran Talks Fail, Another Meeting Scheduled

Posted: May 25, 2012 at 8:09 am

Negotiations between Iran and the P5+1 -- the US, the UK, France, China, Russia, and Germany -- ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear ...
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CME Group OKs 5-for-1 Stock Split (CME, ICE)

Posted: May 25, 2012 at 7:31 am

After markets closed last night, CME Group Inc. (NASDAQ: CME) announced a 5-for-1 stock split which will be accomplished as a 400% stock dividend. The dividend will be paid on ...
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Oil Breaks Under $92/Barrel (USO)

Posted: May 22, 2012 at 2:59 pm

NYMEX Crude keeps listing lower and lower.  This seems odd considering that the Memorial Day weekend ahead is supposed to mark the official start of the summer driving season.  The ...
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Patriot Coal Tries to Stop the Bleeding

Posted: May 22, 2012 at 2:50 pm

Here’s what Patriot Coal Corp. (NYSE: PCX) had to say this afternoon about the $625 million term loan it couldn’t close last week: Earlier this month,Patriot Coal Corporation (PCX) announced ...
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Work Hard and Strike Oil

Posted: May 22, 2012 at 1:46 pm

Research firm IHS Global Insight reports new data showing that four states -- Alaska, Louisiana, North Dakota, and Texas -- have or will soon post unemployment rates equal to or ...
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Patriot Coal’s Starts Bloodbath for Coal Miners (PCX, BTU, ACI, CNX, ANR, JRCC, WLT, CLD, KOL)

Posted: May 22, 2012 at 1:24 pm

Shares of Patriot Coal Corp. (NYSE: PCX) are in freefall this afternoon on a report from Debtwire that the company is seeking a firm to help with its restructuring. The ...
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After the Fall: Value in Oil Stocks (XOM, CVX, BP, SLB, HAL, BHI, VLO, MPC, TSO, OIH, XOP)

Posted: May 22, 2012 at 11:11 am

The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% ...
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After The Fall, Huge Upside & Value In Gold/Silver Miners (GDX, SIL, ABX, GG, NEM, AU, KGC, AEM, GFI, AUY, IAG, HMY, EGO, RGLD, SLW, PAAS)

Posted: May 22, 2012 at 10:44 am

Gold and silver have finally indicated that the free fall we saw over the last month may have at least stabilized.  The markets are mixed today in the commodities and ...
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Coal, Natural Gas Reaching Price Parity (XOM, CHK, EOG, CNX, BTU, ANR, ACI)

Posted: May 22, 2012 at 8:58 am

Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the ...
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Nuclear Agency Deal with Iran Cuts Crude Price

Posted: May 22, 2012 at 7:26 am

The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities. ...
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New Board at Canadian Pacific Wastes No Time

Posted: May 18, 2012 at 9:11 am

The 16-member board of directors of Canadian Pacific Railway Ltd. (NYSE: CP) today includes 7 new members nominated by William Ackman and his hedge fund, Pershing Square Capital Management. The ...
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China, ETFs, and Central Banks Supporting Gold Price and Demand

Posted: May 17, 2012 at 10:41 am

The World Gold Council has released its first quarter report on global gold demand.  Some of the report may be as most expected, but the report also contains some interesting ...
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Oil Inventories & Capacity Act As Booster (OIH, VLO, PSX, USO)

Posted: May 16, 2012 at 10:44 am

The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected.  The rise came to +2.128 million barrels of crude ...
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Patriot Coal Leads the Way to New Lows

Posted: May 15, 2012 at 1:28 pm

Today’s not a good day to be in the coal business. Miner Patriot Coal Corp. (NYSE: PCX) announced this morning that it was lowering both shipment and price forecasts for ...
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Gold & Silver Woes Remain As Relevance is Under Attack

Posted: May 15, 2012 at 11:43 am

Gold remains under pressure on Tuesday, albeit at a far lower rate of pressure with a drop of only $0.37 to $1,554.19.  Gold was at $1,580 just yesterday morning overseas ...
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