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[…]
Dear PGM CAPITAL Blog readers, We are living in exceptional times and are now experiencing the fall of the once so mighty Western Nations (United States of America, Europe & Japan). Previously the shift of Economic Power caused a big war or was the consequence of big war. Nothing has changed. Currently the fall of the West[…]
Dear PGM-CAPITAL blog readers, Today, November 1st 2011, after the bell, Terra Nitrogen Company, L.P. (NYSE: TNH) a mayor producer and distributer of nitrogen fertilizer, reported its Q3-2011, financial results. Highlights: The company reported net earnings of US$128.4 million on net sales of US$203.3 million for the three months ended September 30, 2011. This compares to[…]
Dear PGM CAPITAL Blog readers, On Thursday, October 27 2011, after the bell Canadian Oil Sand Ltd (TSX: COS), (ISIN CA13643E1051), reported its Q3-2011 financial results. Highlights: Cash flow from operations increased 123% to CAD 512 million (CAD 1.06 per Share) in the third quarter of 2011 from the prior year period. Year-to-date, cash flow[…]
Dear PGM CAPITAL Blog readers, Today, October 26 2011, CNOOC Ltd, (NYSE: CEO, SEHK: 0883), reported its Q3-2011 financial results. Highlights: The total unaudited oil and gas sales revenues of the Company reached approximately RMB46.26 billion for the third quarter of 2011, representing a significant increase of 23.7% year over year. During the period, the Company made[…]
Dear PGM CAPITAL Blog readers, On Sunday October 9th 2011, China Petrochemical Corp., (NYSE: SNP) the nation’s biggest refiner, agreed to buy Daylight Energy Ltd. (TSX: DAY) for C$2.2 billion (US$2.1 billion) in cash, gaining Canadian oil and shale-gas reserves in its largest acquisition this year. Highlights of the deal: The deal for Calgary, Alberta-based Daylight is for C$10.08 per[…]
Dear PGM CAPITAL blog readers, On Friday October 7th 2011, BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that the dividend information for the Third Quarter of 2011 is as follows: Ex-Dividend Date: October 13, 2011 Record Date: October 17, 2011 Payable Date: October 20, 2011 Dividend Rate: $ 1.9564770 per Unit Note: Actual Average Daily Production[…]
Dear PGM Capital blog readers, This morning, August 24th 2011, BHP Billiton, (NYSE: BHP) reported a record-breaking US$23.6 billion (AUD22.5bn) profit for the year ending June 30 2011. The BHP result – the biggest profit ever delivered by an Australian company and almost double last year’s $US12.7bn result – was driven by the same soaring iron ore[…]
Dear PGM Blog readers, On Friday, August 5th 2011, Credit rating agency S&P had the guts to downgrade the USA sovereign debt from AAA to AA+ with a negative outlook for the USA for the coming 15 months. August 5th 2011, will go into history as the day that a “credible” rating agency has acknowledge[…]
Dear PGM Capital blog reader, On Tuesday, July 19th 2011, Peabody Energy (NYSE: BTU) reported its second quarter 2011 results. Highlights: EBITDA of $579.5 million, a 32 percent increase from the prior year. Revenues climbed 21 percent to $2.01 billion. Income from continuing operations increased 36 percent to $293.0 million, with diluted earnings per share from continuing operations[…]