Dear PGM CAPITAL Blog readers, Today Monday, April 30 2012, after the bell Canadian Oil Sand Ltd (TSX: COS), (ISIN CA13643E1051), reported its financial results for the three months period ended March 31, 2012. Highlights: Cash flow from operations was $454 million ($0.94 per Share) in the first quarter of 2012, down five per cent from cash flow from[…]
Dear PGM-Capital Blog readers, During this weekend we took some time to read the book “Der Staatsbankrott kommt” (The state bankruptcy is coming!) by Michael Grandt, with the fitting sub-title “Retten Sie Ihr Vermögen, solange Sie es noch können!” (Save your wealth as long this is still possible). Using lots of examples taken from Greece, Michael Grant[…]
Dear PGM-Capital Blog readers, This weekend we would like to discuss with you the “Market Volatility Index”, better known as the VIX-Index or Fear-Index. The volatility index (“VIX”) is an index that measures expectations of volatility, or fluctuations in price, of the S&P 500 index. Higher values for the volatility index indicate that investors expect the value of the S&P 500[…]
Dear PGM-Capital Blog readers, Since July 22nd 2011 we have seen investors, driven by fear, running in the wrong direction, by buying US-Treasuries as a safe haven and sending the yield of the 10-year note to a historic minimum of approx. 1.75% by early October of 2011. History has proven that Greed & Fear will block common sense[…]
Dear PGM Capital Blog readers, today March 14 2012, Baytex Energy Corp. (NYSE: BTE), (TSX: BTE) (ISIN: CA07317Q1054) reported its Q4-2011 and FY 2011 results. Hightlights: Produced record quarterly production of 53,054 boe/d in Q4-2011 (an increase of 18% over Q4-2010) and record annual production of 50,132 boe/d in FY 2011 (an increase of 13%[…]
Dear PGM Capital Blog readers, today March 9th 2012, Companhia de Bebidas das Américas (AmBev) (NYSE: ABV) reported its Q4-2011 and full year 2011 financial results Highlights: In the fourth quarter, Net sales increased 11.6%, while for the whole fiscal year 2011, net sales increassed with 9.9% Normalized EBITDA reached R$ 4,506.1 million in Q4 2011, an organic[…]
Dear PGM Capital Blog readers In accordance with the USA Debt Clock http://www.usdebtclock.org/ the USA has today, February 3rd 2012, a National Debt of approx. 15.3 Trillion USD. Based on its estimated nominal GDP of approx. 14.5 Trillion USD for 2011, the USA currently has a Debt to GDP ratio of over 100%. On top of this the USA has a budgetary deficit of approximately 10% and[…]
Dear PGM Capital Blog readers, Brazil’s biggest private oil company, OGX Petroleo e Gas Participacoes SA (OTCBB: OGXPY; ISIN: US6708491088) says in a statement it began producing the oil Tuesday at the OGX-26HP well in the Campos Basin’s Waimea field off the coast of Rio de Janeiro The first barrel of OGX oil was extracted from the Waimea accumulation,[…]
Dear PGM Capital Blog readers, Last Friday, January 13th, credit rating agency Standard & Poor, downgraded 7 European countries for which France & Austria lost their AAA credit rating. Moody’s also downgraded the US State of Illinois to A2, the lowest rating of any USA state. We believe that within 6 – 18 months the United Kingdom will[…]
Dear PGM Capital Blog readers, we believe that the year 2011 that came to an end approx. 10 days ago will go into history as the year of the big lie, a year in which you were led to believe that the safest asset on earth is the US-Treasury Bond. The media lying to investors is nothing new. If we go back 12 years we see[…]