Industrial Metals & Minerals
(MEE) Massey Energy Reports Positive Results
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...
(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval
Shareholders of Vancouver-based Fronteer Gold Inc. (FRG) have approved the proposed buyout by Newmont Mining Corporation (NEM); casting 99.7%...
(BTU) Peabody Energy Improves Asian Exports
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...
(ICO) Coffee Prices Hit a 34-Year High
by Tony D’Altorio, Investment U Research
Monday, February 28, 2011
Coffee...
(BHP) Company News for February 23, 2011 – Corporate Summary
• 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...
(TCK) Federal Reserve Comments on U.S. Economy
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...
(CNX) CONSOL Energy Reports Increased Proven Gas Reserves
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...
(ANR) Stock Market News for Feb 01, 2011 – Market News
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.
(ANR) Company News for February 01, 2011 – Corporate Summary
• 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...
(ACI) Company News for January 31, 2011 – Corporate Summary
• 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....
(WLT) Walter Energy Buys Mobile River Terminal from U. S. Steel Subsidiary
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...
(MEE) Massey Energy’s Investigation into Explosion Takes New Direction
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...
(WLT) Coal Demand Ramps Up in Emerging Markets
by Tony D’Altorio, Investment U Research
Tuesday, November 30, 2010
What’s...
(BHP) BHP Billiton Increases Western Australia Investment
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...
(BHP) Company News for November 15, 2010 – Corporate Summary
• 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...
(BHP) BHP Billiton Withdraws Potash of Saskatchewan Buy-Out Offer
Mining giant BHP Billiton Ltd. (BHP) decided to withdraw its buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (POT), the...
(BHP) Rio Tinto-BHP Billiton Cancel Planned Joint Venture
The much awaited joint venture between BHP Billiton Ltd. (BHP) and Rio Tinto (RTP) to produce iron ore in Australia was mutually dissolved...
(BTU) Peabody Energy Earnings Preview
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...
(BHP) The Battle for a Mongolian Copper Mine
by Tony D’Altorio, Investment U Research
Thursday, October 7, 2010
If...
(PVR) Penn Virginia L.P. – Bear of the Day
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...
(BHP) BHP Billiton Invests $1 Billion in Apache Joint Venture
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 (
26Sep2010 | vitalstocks | 0 comments | Continued(BHP) Company News for September 17, 2010 – Corporate Summary
• 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...
(BHP) BHP Billiton Reports Earnings Above Expectations
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...
(BHP) Company News Summary for August 24, 2010
• Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as inline revenues climbed 5.2% to $1.14 billion
• Medtronic (NYSE:MDT) posted second quarter earnings of 80 cents, below Zacks estimates of 82...
(BHP) Stock Market News for August 23, 2010 – Market News
Stocks fell for a second consecutive week as persistent worries about the economy continued to weigh on investor sentiments. Concerned that the economy would slide back into recession, investors chose to stay away from stocks and flew to the safety of government debt. The...
(BHP) BHP Billiton Ltd Suspected of Preparing Fresh Offer For Potash Corporation of Saskatchewan
Following the rejection of the buy-out offer made by the Australian mining giant, BHP Billiton Ltd. (BHP) for Canada’s Potash Corp. of Saskatchewan Inc. (
22Aug2010 | vitalstocks | 0 comments | Continued(BHP) U.S. Producer Price Index – Deflation Diverted or Delayed?
In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months....
(BHP) U.S. Producer Price Index Indicates Deflation Diverted or Delayed?
In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months....
(BTU) Peabody Energy Forms Mongolian Joint Venture
Coal producer Peabody Energy Corp. (BTU) joined forces with Winsway Coking Coal Holdings Ltd. to form a Mongolian joint venture. The collaboration, Peabody-Winsway Resources, was formed after Winsway acquired...
(BHP) BHP Billiton Limited – Bull of the Day
In response to global economic conditions, BHP Billiton Limited (BHP) has undertaken various actions such as withdrawing from its pursuit of Rio Tinto, adjusting production levels in line with the demand and...