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, On Friday , October 28 2011, after the bell, Southern Copper Corporation (NYSE: SCCO) reported its Q3-2011 financial results. Highlights: Third quarter 2011 sales were US$1,745.9 million, 38.8% higher than the US$1,257.9 million in the Q3-2010. Nine month 2011 sales were US$5,149.4 million, 41.1% higher than the $3,650.5 million in the first nine[…]
Dear PGM CAPITAL Blog readers, On Thursday, October 27 2011, after the bell, Brazilian Steel Maker, Companhia Siderúrgica Nacional (CSN), (BM&FBOVESPA: CSNA3) (NYSE: SID) reported its Q3-2011 financial results as follows: Highlights: Net revenue totaled R$12.4 billion in 9M11, 12% up on the same period last year and a new Company record. In 3Q11, net revenue[…]
Dear PGM CAPITAL Blog readers, Since May of this year, Europe, the Euro-zone and the European Debt crisis are the headline of almost every news media on the planet. Currently the head of state of the 27 European Nations are meeting in Brussels, their 21st meeting in 14 month, on the issue of the Greece[…]
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[…]