by Arnold Joe
Loading ...Looks like oil and gas stocks weren’t immune to the stock market crash as I had been hoping. As has been written a number of times on this site, it was expected that markets would crash but it was hoped that oil stocks would outperform as record earnings were expected given that oil prices in […]
There have been a lot of things happening in the markets recently but it all goes to support the stagflation is here argument. It seems every inflation indicator shows that inflation is getting worse (i.e. higher) regardless of which country is reporting. At the same time, most countries are also reporting weak growth. Today was […]
Stock update:
Toll Brothers Inc. (N-TOL) released its second quarter results and there were no real surprises as the company lost money for the third straight quarter. Earnings per share was negative $0.59 bringing the six month EPS to $-1.20. Earnings were so weak that the company reported an operating loss (revenues minus cost of […]
I bought some more Nexen Inc (T-NXY, N-NXY) an oil and gas company at $39.40 after the International Energy Agency (IEA) said it plans on reducing the forecast of oil supplies after studying depletion rates on the world’s 400 biggest oil wells. Apparently the revisions (which represents an important change in methodology) to the […]
Background:
Quadra Mining Ltd (T-QUA) mines copper in the US from the Robinson mine, has another US mine under construction and is developing a Molybdenum mine in Greenland and a copper mine in Chile. Numbers are presented in thousands of USD.
It has a cash cost of $1.49/pound in 2007, down from $1.76 in 2006. […]
Recap:
Big day in the markets with the Dow and TSX up 256 and 248 respectively. A number of companies reported earnings today: JP Morgan’s earnings were down 50%, IBM’s up 26%, EBay up 22% and Sallie Mae posted its third consecutive loss. The theme today seems to be that the weakness in the market is […]
