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, 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 CAPITAL Blog readers, today, July 15th 2011, BHP Billiton Ltd, world biggest and most diversified mining corporation [ASX: BHP, NYSE: BHP, LSE: BLT, JSE: BIL] and Petrohawk Energy Corporation (“Petrohawk”) [NYSE: HK] announced they have entered into a definitive agreement for BHP Billiton to acquire Petrohawk for US$38.75 per share by means of[…]
Dear PGM CAPITAL Blog readers, Today, Monday July 11th 2011, Peabody Energy (NYSE: BTU) and ArcelorMittal SA (NYSE: MT) confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd. (ASX: MCC) to acquire all of the shares of the company. Highlights: Under the proposal by a newly formed[…]
Dear PGM CAPITAL Blog reader, In our efforts to provide you with the best and ahead-of-the curve information, market analysis and updates, we have today, July 5th 2011 launched our Facebook Site. On this site we’ll post and forward important financial information from third parties as well as from our blog, to enable you to[…]