Articles by Midnight Trader

Analyst Actions: Woodward Downgraded To Neutral, TP Cut $4 at Credit Suisse On "Slower Growth & Premium Drive"

Woodward Inc. ( WWD ) has been downgraded to Neutral from Outperofrm by analysts at Credit Suisse, while the price target on the stock was lowered to $39 from $43. "Slowing organic... Read >>

Oil Rises a Third Day on Signs of Progress in U.S. Budget: Report

Oil climbed for a third day in New York on signs an agreement will be reached on the U.S. budget, avoiding automatic spending cuts and tax increases next year, Bloomberg reported. Futures rose... Read >>

UPDATE: Cline Mining Announces US$2.5 M Bond Interest Default; Shares Fall Further at Midday

Cline Mining Corporation (CMK.TO) announced today that it was unable to make the semi-annual payment of interest in the amount of US$2,500,000 that was due on December 17, 2012 on its... Read >>

NGEx Begins Josemaria and Filo del Sol Drill Programs, Completion of GJ Program

NGEx Resources Inc. (NGQ.TO) has begun drilling at the Josemaria and Filo del Sol Projects located in San Juan Province, Argentina. Drilling has started with one diamond drill rig at each... Read >>

UPDATE: Baker Hughes Shares Reverse Course, Rise 3% on Guidance

Shares of Baker Hughes ( BHI ) are now up 3.3% at $41.98, after trading as low as $39.65 earlier in the session, after the company projected North America revenue and profit margins to be... Read >>

UPDATE: Cline Mining Announces US$2.5 M Bond Interest Default; Shares Dive to 9-Yr Low

Cline Mining Corporation (CMK.TO) announced today that it was unable to make the semi-annual payment of interest in the amount of US$2,500,000 that was due on December 17, 2012 on its... Read >>

Black Iron Files Positive NI 43-101 Report for Shymanivske Project; Shares Up Slightly

Black Iron Inc. (BKI.TO) has filed a National Instrument 43-101 compliant technical report dated December 17, 2012 titled "Feasibility Study of the Shymanivske Iron Ore Deposit for... Read >>

Eagle Star Continues to Intersect High-Grade Phosphate at South Portion of Bomfim Hill; Shares Up 15% Near Midday

Eagle Star Minerals Corp. (EGE.V) reports that it continues to receive excellent handheld XRF results from pit opening at the southern portion of Bomfim Hill. Pits 5 & 6 have both ended... Read >>

Vangold Resources Commences Drill Program at Its Allemata Project, Appoints VP of Exploration and Closes Financing

Vangold Resources Ltd. (VAN.V) has commenced core drilling at its Allemata Project, located in Milne Bay Province, Papua New Guinea. The current 10-hole drill program will test two... Read >>

Globex and Queenston Intersect Wide Gold Zone at Wood-Pandora

Globex Mining Enterprises Inc (GMX.TO) and Queenston Mining Inc (QMI.TO) are pleased to update shareholders on the results of a nine hole 5,601 meter drill program completed on the 50%-50%... Read >>