Dear PGM Capital Blog readers Today, September 2nd 2012, the USA Debt has reached an all time high of USD 16 Trillion as can be seen from the image here above. With a population of approx 313,428,000 people it means that the USA National debt is approx. USD 51,047 per citizen. With a GDP per Capita of apprrox USD 48,200.00,[…]
Dear PGM-Capital Blog readers, Today July 23rd 2012, China CNOOC Ltd (NYSE: CEO, HKSE: 0883.HK) anounced that it has entered into a definitive agreement to acquire all the outstanding common shares of Canadian Oil & Gas Company NEXEN Inc (NYSE: NXY, TSX: NXY), for US$27.50 per share in cash. The purchase price, which totals approx US$ 15.1 billion, represents[…]
Dear PGM-Capital Blog readers, Last Thursday, July 5th 2012, will go into history as the day that 3 major Central Banks, “The Bank of England“, “The European Central Bank” and the “The People’s Bank of China“, signaled their determination to stimulate the flagging global economy. Highlights: The Bank of England’s monetary policy committee, said that it would inject an[…]
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, first of all we want to wish you a Happy Holiday and a very prosperous 2012. I think that most of you are happy that the year 2011, which will go into history as one of the most volatile and non-realistic markets dominated by fear, has come to an end.[…]
Dear PGM-Capital, blog reader, Brazilian Iron Ore miner, “Vale SA” (NYSE: VALE) which is by volume world biggest Iron ore miner, in 2008 concluded that in order for it maximize profit, it need to own and operate its own fleet of “Very Large Ore Carriers” (VLOC). Due to this In 2008 the company, placed orders[…]
Dear PGM CAPITAL Blog reader, This morning, Wednesday November 9, 2011, Vancouver Canada based, First Majestic Silver Corporation, (NYSE: AG), (TSX: FR), (ISIN: CA32076V1031) reported its Q3-2011 earnings report for which you receive here below the highlights. Highlights: Cash Flow per share (non-IFRS) of CAD 0.38 representing a 122% increase from Q3 2010 Earnings per[…]
Dear PGM CAPITAL Blog readers, Today, November 4th 2011, Vancouver Canada based, New Gold Inc, (TSX: NGD), (ISIN:CA6445351068) reported its Q3-2011 Financial Results. Highlights: Quarterly gold sales increased to 93,028 ounces from 89,692 ounces in the same period in 2010. Net cash generated from operations increased by 105% to CAD 71 million CAD 433 million[…]