Articles in Commodities

Midnight Trader

Analyst Actions: Credit Suisse on EnCana

Asset Sales & Balance Remain a Focus: "Balance sheet metrics and asset sale progress remain, in our opinion, central to the near-term investment thesis. As illustrated in the full... Read >>

Midnight Trader

Analyst Actions: Credit Suisse on Cenovus Q3

Q3 Results Recap: "On October 27th, Cenovus reported EPS of C$0.40, below our C$0.52 forecast and consensus of C$0.52. The difference was partially due (i.e. C$0.04/sh) to a higher... Read >>

Midnight Trader

Analyst Actions: Norbord Down More Than 1% as Credit Suisse Analyzes Q3

Earnings review: "Norbord reported headline Q3 2011 loss of US$0.02/sh and EBITDA of US$12m. Those figures compare to our loss of US$0.03 and US$18m EBITDA forecasts. In general, we view... Read >>

Midnight Trader

Analyst Actions: Acadian Up 5% Today as Credit Suisse Analyzes Q3

Earnings review: Acadian's reported Q3 2011 loss of C$0.02/sh. Adjusting for several items the company generated EPS for roughly C$0.17. That adjusted figure was lower than our estimated EPS... Read >>

Kitco

P.M. Kitco Metals Roundup: Comex Gold Ends Down On Sharply Higher U.S. Dollar, MF Global Uncertainty

(Kitco News) - Comex December gold futures ended the U.S. day session lower, pressured by a sharp rebound in the U.S. dollar index following heavy central bank intervention from the Bank of... Read >>

Midnight Trader

UPDATE: Pacific Northern Gas Hits Another Year High on Acquisition by AltaGas; AltaGas Edges Lower

Pacific Northern Gas Ltd. (PNG.TO) has hit another year high of $36.80 earlier, now up by 20%, after announcing today that is has entered into an agreement with AltaGas Ltd. (ALA.TO) where... Read >>

Kitco

Goldcorp CEO Sees Higher 4Q Gold Output; Company Soon To Be Major Silver Producer

(Kitco News) - Goldcorp Inc. (TSX: G, NYSE: GG) looks to increase its gold production in the fourth quarter as output continues to ramp up at its still-new Penasquito mine in Mexico,... Read >>

Midnight Trader

Sector Update: Energy Shares Down at Session's Half; Crude Trades Below $92 a Barrel

NYMEX Benchmark Crude December: (-1.49%) to $91.86 Top Energy Stocks XOM: -1.9% CVX: -2.8% COP: -1.8% SLB: -2.8% OXY: -2.6% Energy shares are down in mid-session trading... Read >>

Midnight Trader

Sector Update: Energy

Energy shares are down in mid-session trading while crude oil futures slip to trade below $92 a barrel at the New York Mercantile Exchange. Light, sweet crude oil for December delivery traded... Read >>

Midnight Trader

Analyst Actions: Stillwater Mining Price Target Lifted By US$3 at Credit Suisse

Credit Suisse Report: Back to Basics: In our view, the fact that SWC confirmed they cannot finance all of their growth projects without additional financing suggests three things: 1)SWC... Read >>