Markets fell sharply on Monday morning after the Dow Jones Industrial hit 14,000 on Friday. This was only the the 10thtime in history the DOW closed above 14,000. Bill Stone, chief investment strategist at PNC Asset Management Group said “It started to look like things in the market are maybe getting a little ahead of themselves, compared to some of the data we’ve seen. He continued to say that the problems in Europe are also beginning to take it’s toll on the U.S. markets. The Spanish Prime Minister, Mariano Rajoy, is being faced with calls to resign over a corruption scandal. Questions are arising over illegal payments made to himself and members of his party. Opposition leader Alfredo Peres, said “Rajoy should resign to make way for another prime minister who can re-establish streng
If you asked Amir Adnani, chief executive of Uranium Energy Corp., why he was so bullish about uranium in 2007, his answer would be the same as it is today: There is not enough supply to meet demand. Investors might wonder if Fukushima has drawn the curtain on this industry, but Adnani says in this exclusive interview with The Energy Report that this is just the first act for nuclear power. Adnani is taking advantage of what he sees as a once-in-a-lifetime opportunity to grow his Texas-based company, snapping up properties that are now “on sale.” The Energy Report: More than a year after a tsunami left the Fukushima nuclear reactor in Japan without the ability to sufficiently cool itself, Japan shut down the Tomari 3 nuclear reactor, leaving all 44,200 megawatts (MW) of
Tom MacNeill doesn’t have to go far to find the most unique early-stage energy companies to invest in. The President and CEO of Saskatchewan-based investment firm 49 North Resources, MacNeill is bullish on his own backyard, and says of the province’s resources, “You name it, we’ve got it.” In this exclusive interview with The Energy Report, he explains why Saskatchewan resource plays trump their Alberta or Ontario counterparts. The Energy Report: Even some of the most successful small-cap resource investors were schooled in 2011. What did you learn from last year’s ups and downs? Tom MacNeill: We were definitely reminded of the nature of resource investments. Liquidity absolutely vanished in 2008, but by the time it reappeared in 2009 and 2010, investors had decided they w
Sometime between 1500 and 1565 a large graphite deposit was discovered in Cumbria, England. Because the graphite was extremely pure and solid it could easily be sawed into sticks. The graphite was actually thought to be a form of lead and called plumbago – Latin for lead ore. The Borrowable Mine was soon ordered to be put under armed guard by Queen Elizabeth because the “lead” could be used to line the moulds for making her armies cannonballs. But black marketers managed to smuggle out the graphite for continued use in pencils. Artists from all over the known world quickly learned to appreciate the qualities of Cumbria’s graphite but it wasn’t until 1795 that Nicholas Conte learned to mix graphite powder with clay and fire it in a furnace to actually make something with the equivalent
Retail and institutional traders invested record amounts in renewable energy producers in 2011, but separating the wheat from the chaff can be challenging. In this exclusive interview with The Energy Report, Jacob Securities’ Senior Vice President for Research John McIlveen shares how to pick and choose. For steady dividends, high-yield Independent Power Producers deliver shareholder value, while renewable projects in the developing world offer incredible potential returns. Whatever the project, it’s the internal rates of return that matter. The Energy Report: John, what is your current investment thesis? John McIlveen: Safety is still the dominant concern with small-cap companies, which are high-risk by definition. I mostly stick with power generators. High-yiel
Fed by rising food prices and increased fertilizer demand, potash juniors and producers could ride high for the next two-and-a-half years, says Richard Kelertas, a senior analyst at Dundee Securities. In this exclusive interview with The Energy Report, he separates the promising prospects from the companies that may not be able to get up to speed before global demand is satisfied. The Energy Report: In your July fertilizer forecast, you pointed to a 0.9% food price index increase and a 3.4% meat price index increase. Those higher crop prices along with new potash price increases recently pushed through domestically and internationally make your prediction last May of $750/ton seem even more realistic. When might that occur and what countries are the main drivers for this...
The about-to-be-toppled Egyptian regime has sparked fears of upheaval sweeping through the remaining U.S. friendly regimes in the world’s oil heartland. Nowhere is the growing uncertainty more apparent than in the oil markets. Today, oil prices continue to their fear-driven surge. A barrel of Brent crude passed $100 for the first time over two years. Oil and energy stocks mostly followed suit and led the major indices to another day of gains. The surge in oil prices didn’t bring all energy-related stocks along with it though. The divergence shows how truly weak one of the hottest sectors in the world has grown over the last few weeks and confirms this micro-bubble is likely about to burst. Best of all, as this bubble burst though, a real opportunity is filling its void that al