Stock Blog Hub » Industrial Metals & Minerals

(BHP) BHP Billiton – ADR – Bear of the Day

vitalstocks — Wed, 21 Dec 2011 17:46:56 +0000

We downgrade our recommendation on BHP Billiton Ltd. – ADR (BHP) from Neutral to Underperform based on declining industrial demand on the back of sluggish economic growth in Europe and U.S. Other headwinds include competition from peers, upsurge in oil prices and rising inflation in the emerging markets. Turning toward expenses, the cost of improving [...]

(BHP) BHP Billiton – ADR – Bear of the Day

(BHP) Court Piles Taxes on Vale

vitalstocks — Thu, 08 Dec 2011 19:02:51 +0000

A week ago, Australian lower house has announced the approval of tax on profit for coal and iron ore mining. The news came as a blow to BHP Billiton Ltd. (BHP), Rio Tinto plc (RIO), Xstrata and other iron-ore and coal miners operating in Australia. These companies have to bear an estimated burden of about [...]

(BHP) Court Piles Taxes on Vale

(ACI) Arch Coal Incorporated – Bear of the Day

vitalstocks — Fri, 02 Dec 2011 16:27:49 +0000

Arch Coal, Inc.’s (ACI) third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia. This was offset in part by improved metallurgical coal shipments and robust met coal pricing. Going forward, increased regulation and alternate energy sources, specifically natural gas, continue to be major risks for coal miners like Arch [...]

(ACI) Arch Coal Incorporated – Bear of the Day

(BHP) U.S. Natural Gas Price Forecast

InvestmentU — Tue, 22 Nov 2011 17:41:29 +0000

by David Fessler, Investment U Senior Analyst Tuesday, November 15, 2011: Issue #1643 Most natural gas drillers have been scrambling to reposition their drill rigs over oil-rich acreage… And why not? With oil once again hovering near the $100-a-barrel mark, you can hardly blame them. But Monday’s news from BHP Billiton Limited (NYSE: BHP) contradicts [...]

(BHP) U.S. Natural Gas Price Forecast

(CNX) CONSOL Energy Guides for a Stronger Finish

vitalstocks — Sat, 24 Sep 2011 18:27:31 +0000

Diversified fuel producer CONSOL Energy Inc. (CNX) provided guidance for coal exports in the range of 10 to 10.5 million tons for 2011, up from the initial coal exports outlook of 10 million tons. CONSOL Energy is quite confident that the export market will remain strong for the remainder of the year and hence retained [...]

(CNX) CONSOL Energy Guides for a Stronger Finish

(ANR) U.S. Railroads See Coal Demand Worries

vitalstocks — Fri, 23 Sep 2011 19:04:55 +0000

Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market sentiments. However, a suggested decline in coal shipments for the second half [...]

(ANR) U.S. Railroads See Coal Demand Worries

(BHP) Mining Companies Driving Bullish Sentiment in Australia

InvestmentU — Mon, 19 Sep 2011 20:34:32 +0000

by Justin Dove, Investment U Research Thursday, September 15, 2011 As precious metal and rare earth prices remain high, so do the margins for mining companies. Thus, companies such as BHP Billiton (NYSE: BHP) and Lynas Corp. (OTC: LYSCF.PK) stand to spend plenty on increasing mining production. Australia is a huge benefactor to this recent [...]

(BHP) Mining Companies Driving Bullish Sentiment in Australia

(NRP) Natural Resource Partners L.P. Beats Expectations – Increases Guidance

vitalstocks — Fri, 05 Aug 2011 18:00:22 +0000

Natural Resource Partners L.P. (NRP) announced its second-quarter 2010 operating earnings of 48 cents per unit, surpassing the Zacks Consensus Estimate by 4 cents. The results of the partnership were a dime ahead of the year-ago figure. Revenue Total revenue at Natural Resource Partners at the end of the second quarter was $91.4 million versus [...]

(NRP) Natural Resource Partners L.P. Beats Expectations – Increases Guidance

(WLT) Walter Energy Misses on Weather Woes

vitalstocks — Fri, 05 Aug 2011 17:59:24 +0000

Second quarter operating earnings for Walter Energy Inc. (WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related challenges at both Alabama and Northeast British Columbia operations, raising the cost concerns for the company. On a GAAP [...]

(WLT) Walter Energy Misses on Weather Woes

(BHP) Rio Tinto Sales Up – Misses Estimate

vitalstocks — Fri, 05 Aug 2011 17:56:29 +0000

Rio Tinto plc. (RIO) has reported financial results for the first half of 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $7,587 million, up 30% year over year from $5,845 million reported in the first half of 2010. Earnings per ADR were $3.87, up from $2.97 recorded in the [...]

(BHP) Rio Tinto Sales Up – Misses Estimate

(ACI) Coal Industry Stock Review – August 2011 – Industry Outlook

vitalstocks — Tue, 02 Aug 2011 21:23:03 +0000

The rebound phase for the coal industry from the 2008-2009 turmoil continued in 2011. The global economic outlook started improving following the turmoil of late 2008. The U.S. economy came out of the recession in the summer of 2009 and has been in a recovery mode since then, though the pace of improvement appears to [...]

(ACI) Coal Industry Stock Review – August 2011 – Industry Outlook

(BHP) Company News for July 18, 2011 – Corporate Summary

vitalstocks — Mon, 18 Jul 2011 21:15:38 +0000

• BHP Billiton Ltd. (NYSE:BHP) said it will be acquiring Petrohawk Energy Corporation (NYSE:HK) for $12.1 billion • Investor Carl Icahn offered to buy Clorox Corporation (NYSE:CLX) for $12.6 billion. Shareholders of Clorox are to get $76.50 per share in cash under the terms of the offer • Teva Pharmaceutical Industries Limited (NASDAQ:TEVA) announced the [...]

(BHP) Company News for July 18, 2011 – Corporate Summary

(TIE) Titanium Metals and Boeing Extend Deal

vitalstocks — Fri, 15 Jul 2011 13:49:35 +0000

Titanium Metals Corporation (TIE) announced that it has extended its titanium supply agreement with The Boeing Company (BA) through December 31, 2018. In November last year, Titanium entered into a long-term supply agreement with Boeing, which was scheduled to expire on December 31, 2015. As per the agreement, the company will continue to provide, among other [...]

(TIE) Titanium Metals and Boeing Extend Deal

(BHP) BHP Billiton – ADS- Bull of the Day

vitalstocks — Wed, 06 Jul 2011 15:24:36 +0000

BHP Billiton (BHP) is a diversified resource company with operations around the globe. Over the longer term, we view the economic recovery and ongoing industrialization in the emerging markets quite positively, as it is expected to improve the demand and price of the company’s products. BHP Billiton’s commitment toward its long-term growth through key investment [...]

(BHP) BHP Billiton – ADS- Bull of the Day

(ATI) Allegheny Technologies’ Gets New Labor Contract with United Steelworkers

vitalstocks — Fri, 01 Jul 2011 16:39:00 +0000

Allegheny Technologies Incorporated (ATI) announced that the United Steelworkers (USW) represented employees at Allegheny’s Ludlum plants and Albany, Ore., titanium operations ratified new four-year labor agreements. The new agreements wil expire on June 30, 2015, and succeed the existing contracts that run through August 1, 2011. In April 2011, the company released its first-quarter 2011 [...]

(ATI) Allegheny Technologies’ Gets New Labor Contract with United Steelworkers

(CNX) CONSOL Energy Closes Uncompetitive Mine

vitalstocks — Thu, 30 Jun 2011 20:46:10 +0000

Coal and natural gas company CONSOL Energy Inc. (CNX) announced the closure of its Mine 84, located near Washington, Pennsylvania. The company said the mine which had been in operation for decades producing thermal and metallurgical coal is no longer competitive. The company pointed out that the mine was idled in the first quarter of [...]

(CNX) CONSOL Energy Closes Uncompetitive Mine

(BTU) Peabody Energy Acquires Australian Mine

vitalstocks — Thu, 30 Jun 2011 20:44:41 +0000

Coal miner Peabody Energy Corp. (BTU) has signed an acquisition deal with Thiess Investments Pty Ltd to buy the remaining 5% joint venture interest in an Australian coal mine, the Burton Mine, for AU$35 million. Peabody had acquired 95% of Burton in April 2004. The acquisition of the Burton Mine will bring Peabody’s ownership of [...]

(BTU) Peabody Energy Acquires Australian Mine

(ACI) Company News for June 30, 2011 – Corporate Summary

vitalstocks — Thu, 30 Jun 2011 20:39:28 +0000

• Share prices of Campbell Soup Co. (NYSE:CPB) gained 2.79% after the company’s decision to axe 770 employees of the company globally was given the green signal by its investors. Campbell Soup also announced it was shutting down a plant in Russia • VeriSign, Inc’s (NASDAQ:VRSN) share prices climbed 2.52% to $33.57 after the company [...]

(ACI) Company News for June 30, 2011 – Corporate Summary

(ACI) U.S. Coal Production: What Investors Need to Know

InvestmentU — Wed, 29 Jun 2011 16:58:00 +0000

by David Fessler, Investment U Senior Analyst Tuesday, June 28, 2011: Issue #1544 Last week, I wrote about Indonesia’s booming thermal coal export business. It’s the largest exporter of thermal coal in the world, and business is booming, primarily due to demand from India and China. It turns out the coal export business is just [...]

(ACI) U.S. Coal Production: What Investors Need to Know

(BHP) BHP Billiton Limited Invests Further in Canada

vitalstocks — Sun, 26 Jun 2011 17:53:47 +0000

BHP Billiton Limited (BHP) has approved another investment of $488 million to support the development of the Jansen Potash Project in Saskatchewan, Canada. The funding will help in supporting the project’s feasibility study related to preparation and procurement of long lead time items. This investment raises BHP Billiton’s contribution in Jansen to $1.2 billion. The [...]

(BHP) BHP Billiton Limited Invests Further in Canada

(BHP) RIO Tinto Announced Plans to Acquire Riversdale Mining

vitalstocks — Sun, 26 Jun 2011 17:51:10 +0000

Rio Tinto plc (RIO) announced that it plans to acquire the remaining stake in Riversdale Mining Limited. by exercising its right under section 661A (1) of the Australian Corporations Act. Currently, the company has a 99.76% stake in Riversdale through its wholly owned subsidiary Rio Tinto Jersey Holdings 2010 Limited. Recently, Indian Steel major Tata [...]

(BHP) RIO Tinto Announced Plans to Acquire Riversdale Mining

(ATI) Allegheny Technologies Incorporated Teams with Rolls Royce

vitalstocks — Wed, 22 Jun 2011 14:56:08 +0000

One of the world’s largest specialty metals producers Allegheny Technologies Incorporated (ATI) signed a long-term contract with Rolls-Royce for the supply of ATI 718Plus Alloy for the period stretching from 2011 till 2024. The ATI 718Plus is a nickel based super-alloy that is used to manufacture various jet engine parts. Rolls Royce requires high-quality triple [...]

(ATI) Allegheny Technologies Incorporated Teams with Rolls Royce

(NRP) Natural Resource Partners L.P. Unit Issuing Senior Notes

vitalstocks — Mon, 20 Jun 2011 16:19:50 +0000

Natural Resource Partners L.P. (NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future acquisitions including the remaining balance of the Hillsboro acquisition. In April 2011, [...]

(NRP) Natural Resource Partners L.P. Unit Issuing Senior Notes

(ACI) Arch Coal Finalizes International Coal Group Deal

vitalstocks — Fri, 17 Jun 2011 14:43:28 +0000

Arch Coal Inc. (ACI) announced the successful closing of the merger deal with International Coal Group Inc. (ICO). Following the completion of the acquisition International Coal will operate as a wholly owned subsidiary of Arch. As part of the merger, Arch completed a previously disclosed tender offer acquiring nearly 92% of International Coal’s outstanding shares [...]

(ACI) Arch Coal Finalizes International Coal Group Deal

(ANR) Company News for May 26, 2011 – Corporate Summary

vitalstocks — Thu, 26 May 2011 18:23:01 +0000

• Guess?, Inc. (NYSE:GES) reported Q1 EPS of $0.46, above the Zacks Consensus Estimates of $0.44 per share. Revenues for the quarter rose 9.8% year-over-year to $592.2 million, higher than the Zacks Consensus Estimate of $568.0 million • Suntech Power Holdings (NYSE:STP) posted a Q1 profit of $0.17 per American Depository Share, below the Zacks [...]

(ANR) Company News for May 26, 2011 – Corporate Summary

(ATI) Allegheny Technologies Acquires Ladish

vitalstocks — Wed, 18 May 2011 15:21:44 +0000

Specialty metals productmaker, Allegheny Technologies Incorporated (ATI) completed the acquisition of Ladish Co. Inc. for cash and stock of approximately $883 million for expanding its offerings in the aerospace sector. As per the agreement, Ladish investors will receive $24 in cash and 0.4556 of Allegheny’s common stock. The deal was finalized pursuant to the terms [...]

(ATI) Allegheny Technologies Acquires Ladish

(ATI) Allegheny Technologies First Quarter Beats Consensus

vitalstocks — Tue, 03 May 2011 19:27:44 +0000

Allegheny Technologies Inc. (ATI) earned $56.3 million, or 54 cents per share, in the first quarter of 2011, surpassing the Zacks Consensus Estimate of 49 cents and last year’s $18.2 million, or 18 cents per share. First-quarter results were impacted by $5.8 million, or $0.05 per share, for previously announced executive retirements and a discrete [...]

(ATI) Allegheny Technologies First Quarter Beats Consensus

(MEE) Massey Energy Reports Positive Results

vitalstocks — Tue, 03 May 2011 18:08:43 +0000

Coal miner, Massey Energy Company (MEE) reported operating earnings of 28 cents per share or $28.5 million, missing the Zacks Consensus Estimate of 58 cents per share. Operating earnings for the quarter excluded one-time charges related to the Upper Big Branch (UBB) mine disaster, loss on derivative instruments and transaction costs related to the proposed [...]

(MEE) Massey Energy Reports Positive Results

(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval

vitalstocks — Sun, 10 Apr 2011 15:57:52 +0000

Shareholders of Vancouver-based Fronteer Gold Inc. (FRG) have approved the proposed buyout by Newmont Mining Corporation (NEM); casting 99.7% votes in favor of the deal. The consideration of the deal is in cash and stock, valued at $2.3 billion and is expected to close by April 6, 2011, subject to the approval of the Canadian [...]

(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval

(BTU) Peabody Energy Improves Asian Exports

vitalstocks — Sat, 05 Mar 2011 00:44:16 +0000

St. Louis-based Peabody Energy Corporation (BTU) has signed an agreement with Indonesia’s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal to improve exports. Indonesia is the world’s largest supplier of seaborne thermal coal. Peabody said that the coal secured from PT CEM’s East Kalimantan mine over two years will be exported [...]

(BTU) Peabody Energy Improves Asian Exports

(ICO) Coffee Prices Hit a 34-Year High

InvestmentU — Thu, 03 Mar 2011 15:27:08 +0000

by Tony D’Altorio, Investment U Research Monday, February 28, 2011 Coffee companies like J. M. Smucker (NYSE: SJM), Kraft Foods (NYSE: KFT) and Nestle ADR (PINK: NSRGY) used to talk prices with retailers once a year. But not anymore. As coffee joins other commodities with prices spiraling upwards, those annual discussions have turned into monthly [...]

(ICO) Coffee Prices Hit a 34-Year High

(BHP) Company News for February 23, 2011 – Corporate Summary

vitalstocks — Wed, 23 Feb 2011 14:52:51 +0000

• Wal-Mart (NYSE:WMT) reported Q4 EPS of $1.34, ahead of the Zacks Consensus Estimate of $1.31 per share • Petrohawk Energy Corp. (NYSE:HK) reported Q4 EPS of $0.11, lower than the Zacks Consensus Estimate of $0.15 per share • Questar Corp. (NYSE:STR) reported Q4 EPS of $0.36, above the Zacks Consensus Estimate of $0.31 per share • Hewlett-Packard Co. [...]

(BHP) Company News for February 23, 2011 – Corporate Summary

(TCK) Federal Reserve Comments on U.S. Economy

vitalstocks — Thu, 17 Feb 2011 15:20:27 +0000

The Federal Reserve just released the minutes to its most recent meeting, held on January 25th and 26th. Below we present the Staff’s assessment of the current economic environment. My commentary/translation of their assessment is interspersed throughout. I have also included links to posts that have discussed the more recent data that has come out [...]

(TCK) Federal Reserve Comments on U.S. Economy

(CNX) CONSOL Energy Reports Increased Proven Gas Reserves

vitalstocks — Fri, 11 Feb 2011 15:42:58 +0000

Diversified fuel producer CONSOL Energy Inc. (CNX) revealed details about its reserves for 2010. The proved gas reserves of the company increased to 3.7 trillion cubic feet (Tcf) in 2010 from 1.9 Tcf at the end of 2009. Of the total reserves under the company 52% are proved developed and the remaining 48% are proved [...]

(CNX) CONSOL Energy Reports Increased Proven Gas Reserves

(ANR) Stock Market News for Feb 01, 2011 – Market News

vitalstocks — Tue, 01 Feb 2011 21:05:00 +0000

Markets closed in the green on Monday as strong earnings results from Exxon Mobil (NYSE:XOM) and positive economic data help offset concerns about political unrest in Egypt. The Dow Jones Industrial Average rose by 0.6% to close at 11,891.93. The blue-chip index gained 2.7% in January, the best January performance in the last 14 years. [...]

(ANR) Stock Market News for Feb 01, 2011 – Market News

(ANR) Company News for February 01, 2011 – Corporate Summary

vitalstocks — Tue, 01 Feb 2011 21:04:29 +0000

• ExxonMobil (NYSE:XOM) reported Q4 EPS of $1.85, ahead of the Zacks Consensus Estimate of $1.68 per share. Revenues for the quarter rose to $105.2 billion, lower than the Zacks Consensus Estimate of $113.268 billion • Alpha Natural Resources (NYSE:ANR) announced a plan to acquire fellow metallurgical coal producer Massey Energy (NYSE:MEE) for $8.5 billion. Massey’s stockholders [...]

(ANR) Company News for February 01, 2011 – Corporate Summary

(ACI) Company News for January 31, 2011 – Corporate Summary

vitalstocks — Mon, 31 Jan 2011 18:29:05 +0000

• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS of $0.72, above the Zacks Consensus Estimate of $0.69 per share. Revenues [...]

(ACI) Company News for January 31, 2011 – Corporate Summary

(WLT) Walter Energy Buys Mobile River Terminal from U. S. Steel Subsidiary

vitalstocks — Mon, 27 Dec 2010 23:57:31 +0000

The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global consumers. Walter’s decision to acquire the [...]

(WLT) Walter Energy Buys Mobile River Terminal from U. S. Steel Subsidiary

(MEE) Massey Energy’s Investigation into Explosion Takes New Direction

vitalstocks — Tue, 07 Dec 2010 02:43:49 +0000

Massey Energy Co. (MEE) gave a new direction to the ongoing investigation to go into the cause of the April explosion at its Upper Big Branch mine in West Virginia, which killed 29 miners. Massey’s management said that, as per new evidence gathered by company experts, the deadly explosion was caused by the sudden rush [...]

(MEE) Massey Energy’s Investigation into Explosion Takes New Direction

(WLT) Coal Demand Ramps Up in Emerging Markets

InvestmentU — Wed, 01 Dec 2010 19:58:31 +0000

by Tony D’Altorio, Investment U Research Tuesday, November 30, 2010 What’s dirty and out of fashion, but everybody wants it? That would be coal, both the coking kind used to make steel, and the thermal coal used to fire power plants. Over the past year or so, coal consumption has climbed on emerging market demand. [...]

(WLT) Coal Demand Ramps Up in Emerging Markets

(BHP) BHP Billiton Increases Western Australia Investment

vitalstocks — Fri, 26 Nov 2010 04:44:40 +0000

A total of $635 million has been approved for investment in Western Australia’s iron ore production with $570 million share of BHP Billiton Ltd. (BHP), which agreed to invest after withdrawing from the buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (POT). Other partners in the investment are Itochu Minerals & Energy of Australia Pty [...]

(BHP) BHP Billiton Increases Western Australia Investment

(BHP) Company News for November 15, 2010 – Corporate Summary

vitalstocks — Tue, 16 Nov 2010 05:01:24 +0000

• Caterpillar (NYSE:CAT) announced plans to buy Bucyrus (NASDAQ:BUCY) for $8.6 billion, or $92 per share • EMC (NYSE:EMC) said it plans to buy Isilon (NASDAQ:ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE:MT) said it is interested in buying Massey Energy (NYSE:MEE) • BHP Billiton (NYSE:BHP) withdrew its offer to acquire Potash (NYSE:POT) and moved to [...]

(BHP) Company News for November 15, 2010 – Corporate Summary

(BHP) BHP Billiton Withdraws Potash of Saskatchewan Buy-Out Offer

vitalstocks — Tue, 16 Nov 2010 04:59:35 +0000

Mining giant BHP Billiton Ltd. (BHP) decided to withdraw its buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (POT), the world’s biggest fertilizer manufacturer, after non-clearance by the Investment Canada Act. Capital which was raised to fund the bid will now be used for buyback of shares worth $13.0 billion, which is going to [...]

(BHP) BHP Billiton Withdraws Potash of Saskatchewan Buy-Out Offer

(BHP) Rio Tinto-BHP Billiton Cancel Planned Joint Venture

vitalstocks — Mon, 18 Oct 2010 16:05:31 +0000

The much awaited joint venture between BHP Billiton Ltd. (BHP) and Rio Tinto (RTP) to produce iron ore in Australia was mutually dissolved with no break fee. The joint venture, which was proposed in June, last year, came to an end after it was disapproved by some of the Australian regulators. BHP Billiton is at [...]

(BHP) Rio Tinto-BHP Billiton Cancel Planned Joint Venture

(BTU) Peabody Energy Earnings Preview

vitalstocks — Mon, 18 Oct 2010 03:21:21 +0000

Coal miner Peabody Energy Corporation (BTU) will release its third quarter 2010 financial results on Tuesday, October 19, 2010. The Zacks Consensus Estimate for the third quarter is 91 cents, representing annual growth of 86.69%. Looking back, we note that Peabody has consistently outperformed the Zacks Consensus Estimates in the trailing four quarters. The average [...]

(BTU) Peabody Energy Earnings Preview

(BHP) The Battle for a Mongolian Copper Mine

InvestmentU — Thu, 07 Oct 2010 23:25:34 +0000

by Tony D’Altorio, Investment U Research Thursday, October 7, 2010 If you’ve already heard of BHP Billiton ADR (NYSE: BHP)’s attempt to take over Canadian fertilizer giant Potash (NYSE: POT), then put it out of your mind for a minute. If you haven’t, then you might want to check it out sometime today. It’s well [...]

(BHP) The Battle for a Mongolian Copper Mine

(PVR) Penn Virginia L.P. – Bear of the Day

vitalstocks — Tue, 05 Oct 2010 15:29:57 +0000

The recent announcement of Penn Virginia L.P.’s (PVE) merger with its general partner is expected to reap profits in the long term, benefiting from the partnership s lower cost of capital. This would place the company in a better position to compete for acquisitions Incorporatedreasing returns on future transactions. However, this transaction would, in our [...]

(PVR) Penn Virginia L.P. – Bear of the Day

(BHP) BHP Billiton Invests $1 Billion in Apache Joint Venture

vitalstocks — Mon, 27 Sep 2010 05:07:41 +0000

Australian mining giant, BHP Billiton Ltd. (BHP) recently approved the development of the Macedon gas field in Western Australia in a joint venture with Apache Corporation (APA). BHP Billiton has decided to invest $1.05 billion with a 71.43% share and the balance 28.57% will be contributed by Apache with $450 million. The Macedon project, under [...]

(BHP) BHP Billiton Invests $1 Billion in Apache Joint Venture

(BHP) Company News for September 17, 2010 – Corporate Summary

vitalstocks — Fri, 17 Sep 2010 17:30:16 +0000

• Johnson & Johnson (NYSE:JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ:CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE:GS) upgraded CenturyLink (NYSE:CTL) to “buy” from “neutral” • Goldman Sachs (NYSE:GS) upgraded Qwest (NYSE:Q) to “buy” from “neutral,” taking the price target from $5.75 to $7.00 • UBS (NYSE:UBS) [...]

(BHP) Company News for September 17, 2010 – Corporate Summary

(BHP) BHP Billiton Reports Earnings Above Expectations

vitalstocks — Thu, 26 Aug 2010 16:32:44 +0000

BHP Billiton Ltd. (BHP) has reported results for fiscal 2010 with net income (excluding special items) of $12.5 billion, up 16.3% year over year from $10.7 billion in fiscal 2009. Earnings per ADR excluding special items also grew to $4.47 from $3.83 in the previous year. It surpassed the Zacks Consensus Estimate of $3.54 per [...]

(BHP) BHP Billiton Reports Earnings Above Expectations