by Arnold Joe
Loading ...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 […]
Economics:
Canada’s April inflation numbers increased to 0.8% for the month and 1.7% year over year. Canada reported food increased 0.8% in the month and energy prices increased 6.0% (this contrast to the US which strangely enough showed no change in energy prices). Although the year over year numbers are low relative to the other […]
Sometimes it’s better to lucky than good
Last week I got lucky with my call options on BCE Inc. (T-BCE, N-BCE) as I sold my position, just before they expired on May 17th. With the options I had the choice to either sell the position and take profit or exercise the calls and take delivery of […]
Oil:
Bloomberg reports that the Kazah Energy Minister believes that the large Kashagan field in Kazakstan has delayed commercial production for another couple years. The field was originally supposed to begin producing in 2005. This is another example of peak oil having been reached as all the big cheap oil fields have been found. The […]
Oil:
The bearish oil news today was the weekly oil inventories in the US as the total crude and refined product levels were higher by over 7 million barrels. As a result of the large build in inventories, I was expecting the price of crude to drop from its record, instead it rose to another record […]
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. […]
Stock Portfolio:
Today I bought call options on BCE Inc (T-BCE, N-BCE) with a May expiry when the stock was trading at $36.10 USD. BCE is the object of a friendly takeover at $42.75 Cdn, which means it trades at a fairly steep discount of around $6.00. The stock was down on news that a filing […]
