FeedPosted Apr 1st 2011 11:00AM by Connie Madon (RSS feed)
Filed under: China, Canada, Oil
There's a big ballyhoo about oil these days. With the turmoil in the Middle East, especially in Libya, the price of West Texas Intermediate (WTI) crude oil is priced over $100 per barrel. Gasoline at the pump is almost $4.00 per gallon.
Why then talk about an oil glut? We should first look at where our oil is coming from. Believe it or not, Canada is the biggest exporter of oil to the U.S. Canada is sending so much oil to the U.S. that our pipelines and storage facilities can't handle it. Reuters reports that our key storage facilities at Cushing Oklahoma are filled to capacity and are not equipped to handle the oil flow.
Continue reading Oil Glut at Cushing Oklahoma Could Last Two Years
Posted Mar 29th 2011 12:30PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Canada, Commodities, Oil, Agriculture, Stocks to Buy
"Once written off as a 'sunset' industry, North American railroads are making money hand over fist. In short, the railways are benefiting from a rising tide and the companies have a lot going for them," notes Canadian analyst Tom Slee.
The contributing editor with Internet Wealth Builder explains, "Here's a look at my newest recommendation, Canadian Pacific Railway (CP), as well as my long-time favorite, Canadian National Railway (CNI).
"Last year the six major carriers posted a 45% average growth in earnings as they booked increased volumes and increased rates.
Continue reading Canadian Pacific and Canadian National: Riding the Rails
Posted Mar 14th 2011 1:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Canada, Goldcorp Inc (GG), Commodities, Stocks to Buy
"Goldcorp (GG) recently posted very solid results; but even more important, is the powerful pipeline of major projects," notes resource expert Adrian Day.
The editor of The Global Analyst continues, "Indeed, a major expansion at a planned mine development will benefit not only Goldcorp, but another one of our recommended holdings, Canada's Virginia Mines (VGQ).
"At Goldcorp, the expansion of its major projects will, in aggregate, boost the company's output about 70% by 2015. In addition to the successful ramp-up at Penasquito, and ongoing construction at Pueblo Viejo in the Dominican Republican, the company announced significant improvements at a major project.
Continue reading Gold Buys: Goldcorp (GG) and Virginia Mines (VGQ)
Posted Mar 3rd 2011 1:40PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Canada, Options, Technical Analysis
Royal Bank of Canada (RY - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q1 profit of C$1.839 billion, or C$1.24 per share. Excluding one-time items, RY earned C$1.26 per share, topping analysts' forecasts of C$1.01 per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RY.
RY opened this morning at $61.32. So far today the stock has hit a low of $60.96 and a high of $62.29. As of 12:10, RY is trading at $61.46 up $2.85 (4.9%). The chart for RY looks bullish and S&P gives RY a positive 4 STARS (out of 5) buy ranking.
Continue reading Royal Bank of Canada Surges on Q1 Earnings
Posted Feb 17th 2011 4:40PM by Gordon Pape (RSS feed)
Filed under: Canada
I have reiterated my buy recommendation on Canadian telecommunications giant BCE Inc. (BCE) in the latest issue of The Canada Report newsletter.
I originally advised buying the stock in December 2008 when it was trading at $17.76 following the collapse of a multi-billion dollar bid to take the company private. At the time, I felt that investors were overreacting to the news and throwing out the baby with the bathwater.
Continue reading BCE Still a Buy
Posted Jan 8th 2011 11:30AM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Canada, Commodities, Oil, Stocks to Buy, Green Stocks, Best Stocks for 2011
This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.
"Canadian Oil Sands Trust (COSWF) has clearly lagged broad-based and energy-sector benchmarks alike over the trailing 12 months," says David Dittman.
The contributing editor to Canadian Edge explains, "A series of unplanned turnarounds at the Syncrude operation, of which Canadian Oil Sands owns 36.7 percent, have analysts questioning whether rising costs will ever allow Canadian Oil Sands to really benefit from elevated oil prices.
Continue reading Top Picks 2011: Canadian Oil Sands (COSWF)
Posted Jan 7th 2011 2:00PM by Brent Archer (RSS feed)
Filed under: Major Movement, Bad News, Canada, Options, Technical Analysis
Canadian Natural Resources (CNQ - option chain) stock is trading lower today after the company announced it has halted crude oil production at its Horizon oil-sands plant in Alberta, Canada, after a fire broke out in a plant facility Thursday. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CNQ.
This morning, CNQ opened at $40.61. So far today the stock has hit a high of $41.84 and a low of $40.42. As of 12:15, CNQ is trading at $41.15, down $1.95 (-4.5%). The chart for CNQ looks bullish and S&P gives CNQ a positive 4 STARS (out of 5) buy ranking.
Continue reading Canadian Natural Resources Shuts Down Plant After Fire
Posted Jan 5th 2011 10:40AM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Canada, Commodities, Stocks to Buy, Best Stocks for 2011
This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.
"Our top stock pick for 2011 is a very speculative play, based on our conviction that at some point during the year, gold bullion will experience a strong run-up in price, perhaps reminiscent to the peak that occurred in January 1980," says Alan Newman.
The editor of CrossCurrents explains, "The Global X Explorers ETF (GLDX) is a brand new addition and began trading this past November.
Continue reading Top Picks 2011: Global X Gold Explorers (GLDX)
Posted Jan 1st 2011 11:30AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Canada, Commodities, Stocks to Buy, Best Stocks for 2011
This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.
"Timberline Resources (TLR) is a soon-to-be gold producer that we believe has been overlooked by the market. However, we doubt it will remain overlooked for much longer," says Gene Arensberg. Incidentally, Gene's top pick last year was iShares Silver, which rose 73%.
The editor of Got Gold Report explains, "Not exactly a household name, Timberline's management teamed up with the premier underground mining and development company in North America, Small Mine Development (SMD), to develop the Butte Highlands gold deposit just south of Butte, Montana.
Continue reading Top Picks 2011: Timberline Resources (TLR)
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