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July 2, 2008
I haven't had the time written anything in over a week as its been busy. The thrust of my research work lately has been on oil and natural gas companies. I've already made mention of one natural gas stock that I have bought a small position in (Result Energy), though I'm still not convinced that decision to buy was the right one. Another company that I have been looking at is Grey Wolf, and...
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74 Reads
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June 23, 2008
Most of my time over the last week has been spent on researching the Horn River Basin (see my post on Result Energy for more information). Below are some interestingly clips from various companies about the Horn River potential, as well as the usual assortment of agricultural, base metal, energy and gold news.Agriculture Outside advisers, he says, often failed to see that, to a Haitian...
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78 Reads
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June 19, 2008
Over the last few days I've been buying stock in a company that, I have to admit, I'm not sure I should be buying. First of all, I have a tendency to stretch when things are going well. I don't know if its hope or greed or just too much enthusiasm, but I tend to make poor purchasing decisions during big runs. And right now, with PotashCorp up over 240 and with Western Canadian Coal up a...
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90 Reads
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1 Comment
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June 14, 2008
It hasn't been reported on the front pages yet, but the flooding in Wisconsin and the heavy rains over much of the midwest have begun to garner some attention in the local Midwest media.For example here, and here. (thanks to make_peace_now from the IV boards for the articles)Well, a hard rain has been falling. For consumers, a harder one is yet to come.Corn closed on friday at $7.65/bushel...
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138 Reads
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June 12, 2008
Agriculture The government is also concerned about output and prices of chemical fertilizers according to the minutes of a cabinet meeting chaired by Wen. “In some areas supplies of thermal coal, power and diesel are still tight, and pressure on stable prices of fertilizer and other agricultural products is rising,” the minutes said. – Scotia China Update June 3 Bill Doyle said the...
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45 Reads
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June 9, 2008
While I do not buy and sell stocks based on the movement of charts, I do watch indexes. When an index breaks-down or breaks-out, and there appears to be good reasons for it, I pay attention. Over the past week and a half the banking index, the BKX, has broken down rather dramatically. From Wednesday to Friday last week the Wall Street Journal published three articles on the banking system in...
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74 Reads
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2 Comments
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June 7, 2008
As I've documented in this blog, beginning last June I established a sizable position in PotashCorp. Since that time the stock has done about what I expected it to do, having more then tripled in value. When a stock moves the way that PotashCorp has, you can't help but wonder whether you are approaching fair value. But what is the fair value of PotashCorp?Well it has to come down to the...
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74 Reads
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June 6, 2008
I was reading an article last night written by Gavekal oil analyst Ahmed Abdullah. He made the following comments about oil supply and demand dynamics and peak oil. “I am working on a large paper to be published soon [on supply side response]. What really matters is understanding the behaviour of the demand side and accurately predicting future growth in what types of oil and sectors and...